DIGITAL GOLD : Stablecoin Fully Backed by Gold
Gold is one of the assets and investment instruments that is proven able to withstand the shock of inflation with the ability to "stable prices". Since thousands of years ago gold has become a commodity and investment choice of many people. This certainly places gold at the top compared to fiat currencies from any country. In addition, the increasing need for gold and the process and cost of obtaining them by traditional methods is considered difficult and expensive.
In the era of digitalization in various fields at this time it would be interesting if there was a digitalization of gold with a guarantee of high security and transparency that the gold was safely stored and the digital currency issued was worth the value of the stored gold. Nothing is impossible in this world, this time I will introduce a project that digitizes gold by issuing tokens backed up by gold that they store as a guarantee that their tokens are stable like gold in the real world. The project is called DIGITAL GOLD.
What is DIGITAL GOLD?
DIGITAL GOLD is a bold and innovative project, why is that? because this project was self-funded and did not hold an ICO. They offer gold transactions easily, cheaply, transparently, anonymously, and quickly. This project aims to make gold more liquid and easier to obtain and to make gold as a tool for any transaction for its users. As previously stated, this project does not hold crowdfunding in any form and is self-funded. As an initial movement, they have provided a marketplace that functions to buy and sell GOLD tokens instantly. When a purchase is created, instantly the smart contract issues the required GOLD token. In the marketplace, live gold price information is available online so you don't have to bother looking for information on other websites and there is also gold price information when converted to cryptocurrency like BTC and ETH
GOLD TOKEN
This GOLD token is a crypto token that is fully backed up by real gold as a cryptocurrency manifestation of this project. The team behind the DIGITAL GOLD project wants something different and gold can really be digitized. There are at least four points of excellence from this GOLD token. First, as stated above that this token is fully backed up by real gold. Second, gold transactions become safer and safer storage because you don't need to bring gold to the store as you would if using traditional methods. Third, the level of gold liquidity becomes very liquid because of the help of this blockchain technology and of course this token will be more stable in price compared to other tokens because of the backup of the real gold itself. Fourth, of course, it is no stranger to making transactions with a blockchain-based platform, which is a lower transaction cost compared to traditional methods because this blockchain cuts processes that are not really needed in a financial transaction.
As additional information that this GOLD token has also been listed on the cryptocurrency trading exchange as a form of guarantee of high liquidity and you can trade their marketplace provided by DIGITAL GOLD itself. Platforms that are already running and growing interest I hope this will be a sign of the success of this project. Those of you who are interested can visit their link below.
cyberdg
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