Resistance and scarcity have made gold the most valuable and important metal in the world, used for centuries as the main means of exchange!
I am glad to welcome you, dear readers. Today we will once again talk about the DIGITAL GOLD project.
Between the 19th and 20th centuries, gold still held its dominance in the world monetary system in what was known as the "gold standard", used as ballast by major world currencies such as the British pound, for example. Thus, paper ballots could easily be converted into gold through banks that stored metals such as gold and iron and issued ballots into papers as "evidence" of ownership of the metal. Having become the world's largest economy since the end of world war II, the United States imposed the "gold dollar standard" on the world under the Bretton Woods agreement (1944-1971), making the us dollar the main international currency. Prior to 1971, U.S. President Richard Nixon issued a decree ending the convertibility of the dollar into gold, which also ended the Bretton woods agreement, making the U.S. dollar a fiduciary currency.
Paper cryptocurrency and precious metals
You've probably heard of "stablecoins", which have become a very practical option for converting cryptocurrencies such as bitcoin and ether into Fiat money such as the dollar and the Euro. There is also a market aimed at stabilizing the prices of precious metals, but still little exploited by the crypto asset market.
Digital GOLD comes with a proposal to change this scenario by providing an ERC20 token based on the Ethereum platform, truly backed by gold, with full transparency through blockchain technology.
Advantages:
Digital GOLD aims to enable investors in the cryptocurrency market to invest in gold easily, quickly and without legal red tape and lengthy processes.
Each gold token is equal to 1 gram of gold, that is, for every 1 new token purchased on the website and issued through the intellectual contract, the company purchased a new gram of gold, and stores it in its safe, where it will be completely safe. The user can buy, sell, trade and store gold instantly through the DIGITAL gold platform or exchange partners, as well as exchange it at any time for the dollar, bitcoin and ether.
As well as stable coins backed by Fiat money and tokens backed by gold if you make a good choice to protect yourself from market volatility by offering even more convenient and secure storage of your wealth in currencies of other trusts such as the us dollar and the Euro, the price of the token will be pegged directly to the price of gold in the world market.
It is worth remembering that Digital Gold is not an ICO or a method of fundraising, for each token purchased through the site, a new gram of physical gold with a purity of 99.99% is also purchased, which is stored in the company's own storage in partnership with BullionStar. Recall that Bullion Star is a company that provides solutions for the storage of precious metals, for the storage and audit of the amount of gold in the company's storage.
Conclusion:
The gold token can be an excellent alternative as 'stablecoin' in precious metals such as gold, objectively protecting itself from the large fluctuations present in the cryptocurrency market.
Digitizing gold with blockchain technology, in addition to providing transparency, is also becoming a more viable option for acquiring gold-backed assets, as it requires less bureaucracy compared to a traditional market.
The purpose of Digital GOLD is to promote this digitization of gold in the cryptocurrency market, as well as providing liquidity, transparency and low cost of acquisition and transaction involving token Gold.
Thank you for attention!
All useful links can be found below:
Website: https://gold.storage/home
Whitepaper: https://gold.storage/wp.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
FACEBOOK: https://www.facebook.com/golderc20
TWITTER: https://twitter.com/gold_erc20
MEDIUM: https://medium.com/@digitalgoldcoin
REDDIT: https://www.reddit.com/r/golderc20
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★MY BITCOINTALK USERNAME: tomson777
★MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1766687
★MY ETH ADDRESS: 0x20C834700ACF061af481C4B95B58C6787dB4B052
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