What kind of project?
Digital Gold is a blockchain-based project designed to stimulate financial markets and related investment vehicles. They hope to achieve this by allowing users to purchase physical gold coverage through the ERC-20 Ethereum-based GOLD token.
Digital Gold is a blockchain-based project designed to stimulate financial markets and related investment vehicles. They hope to achieve this by allowing users to purchase physical gold coverage through the ERC-20 Ethereum-based GOLD token.
Token pegged to real gold
This is achieved without the need for complex procedures by users. The token is pegged to the spot price of gold, thus it also acts as a stablecoin. This makes it useful for protecting against market volatility in the cryptocurrency market, and also allows users to benefit from long-term price increases. Liquidity is ensured at all times provided that independent real-time audits can be verified to cross-check the amount of tokens in circulation with the amount of gold in the vault.
Digitizing gold should also increase global appeal, a precious metal that has been sought and used by humanity for thousands of years. Cross-implementation between gold and blockchain technology serves as another successful use case demonstrating the potential of blockchain to revolutionize the financial market. The golden blockchain is reality
If we talk about the blockchain, then its application in the Digital Gold project allows: several innovative functions, including, but not limited to: instant, inexpensive transactions carried out through the Ethereum blockchain, immutability for all confirmed transactions (without the risk of refund of payments), a common network security and protection against cyber attacks, smart contract functionality (instant purchase of gold for each purchased token), market transparency, support for all ERC20 wallets and support for GOLD token trading on partner exchanges.The GOLD Token Community can use the Digital Gold Marketplace where you can instantly buy or sell a token. Since the parent company is also a liquidity provider, users can conduct as many transactions as they wish at no additional cost beyond the annual maintenance fee and the total commission for Ethereum-based transactions.
The Digital Gold project is not an initial coin offering as there is no crowdfunding effort involved. All transactions are self-funded, so any purchase of a GOLD token results in an instant purchase based on a smart contract. physical gold.
The worldwide interest in the gold market is well known, while the value of gold exchange traded funds (ETFs) exceeds the $ 100 billion threshold. With the participation of the GOLD token, the precious metal can now be more than a store of wealth, a method and an investment vehicle. With the help of the blockchain, gold can now act as a payment method for all types of transactions.
- Name: Digital Gold
- Blockchain: Ethereum Network
- Symbol: GOLD
- Price: 1GOLD = 1 gram of gold 99,9 fine
- Network type: ERC-20
Social networks: YouTube | Telegram
Article Author - gruppaaria
ERC-20 wallet: 0x66346Fc71C06D79D2C20C09dedB3934a72432CCa
