Mysterious DigixDAO is havid solid gains amid a bloodbath
While the prices of almost all major coins are going down, the price of the gold backed up DigixDAO is going up, as you can see from the following picture,
According to this article, you can claim 100 grams of physical gold against 100 DGX tokens. However, at this moment, 100 DGX tokens amount to much more that 100 grams of gold, so I am not sure how this would work. If anyone knows how, I would like to know.
I keep some of this coin anyway, because from what I can see, when everything goes red, this coin goes green. Maybe, people think its safe to keep this coin during a crypto market crash, because of it being backed up by gold. However, the mystery remains why it is so overvalued relative to the amount of gold against which it is backed up.
Sometimes we have to purchase those coins also🙂 they give satisfaction when other currencies crash
I'm glad something is still ok! Looks like an interesting coin, I've not seen it before. Will have a closer look..
I wonder how they will deliver the gold .
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