About The Digital Gold Project

cryptoholical (36)in #digitalgoin • 3 years ago

Welcome to Digital Gold with the tagline "Securely Store and Make payments in Gold"

Stay tuned!!!

STARTER INFORMATION

Despite the insurgence of coronavirus, with strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Digital Gold, a blockchain-based project, designed to encourage the digitalization of the financial markets, and their afferent investment instruments has arrived.

"Just so you know, blockchain-based digital assets backed by gold and other real-world scarce commodities are becoming increasingly appealing for investors looking to hedge their portfolios against weakening fiat currencies or regulation-bound stablecoins.

The biggest advantage that digital versions of gold hold over their physical counterparts is that they can be divided into any small unit or amount and transferred to another party.

Tokenised gold may be one of the most important developments in the gold industry. Short of physical use cases, it improves on the functionality of gold in every way – in that it’s trivial to store, it’s readily-accessible to anyone with an internet connection, and it can be traded cheaply and instantly all across the world."

With that being said, the digitalization of gold is bound to also increase the worldwide appeal of the precious metal, which has been sought for and used by mankind for thousands of years.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is Digital Gold?

As depicted above and as indicated on the official whitepaper of Digital Gold, Digital Gold is a blockchain-based project, designed to encourage the digitalization of the financial markets, and their afferent investment instruments. It hopes to achieve this by enabling users to purchase coverage in physical gold, via the ERC-20 Ethereum-based GOLD token.

Furthermore, Digital Gold is a cryptocurrency based on ethereum ERC-20 that you can buy and trade like a token in general, but what distinguishes it is that Digital Gold is 100% backed by physical gold, so when you have a Digital Gold token, it's the same as having physical gold, but in digital form that is stored safely in a secure vault.

Each Digital Gold token is worth 1 gram of gold (99.99% FINE) which you can check and verify via the Digital Gold website. So when you buy Digital Gold tokens, you don't need to worry about the authenticity and security of the gold you buy because Digital Gold guarantees that each token will be backed by physical gold.

It is built on a blockchain architecture, you can buy, store, and trade Digital Gold tokens like any other cryptocurrency. Digital Gold designed these tokens to be traded at low fees, secure and anonymous.

About The Features of Digital Gold

A low-cost token that entails no transfer fees

Apparently, because of its Ethereum ERC-20 support, customers can choose to send the token anywhere in the world, without having to worry about volatile transfer fees, since all transfers are free.

The opportunity to diversify portfolios, and keep wealth in a safe haven

The conditions of the current cryptocurrency market usually involve volatile price swings, thus giving all purchases a high-risk factor. Most of the currently available coins are not trusted to keep their value in the long-run, as the market is still in its nascence.

Secure gold ownership

To acquire gold, those who are interested need to find a reliable supplier, handle paperwork, and then proceed to secure the newly-purchased precious metal and this process generally involves quite a bit of hassle.

High liquidity Digital Gold

The GOLD token ensures high liquidity, since the token issuer company, DIGITAL GOLD LTD, also works as a liquidity supplier. Users are permitted to instantly purchase and sell large amounts of tokens, via the Digital Gold Marketplace, or partner exchanges.

A private gold ownership experience

The lack of standardization backed by the sheer amount of data collection, has led to the appearance of a society that is more privacyconscious. The GOLD token allows for physical gold ownership while remaining private.

Guaranteed long-term life expectancy of purchased GOLD

Fortunately, Gold’s prevalence for thousands of years guarantees that the precious metal will remain relevant for many years to come.

Customer Support

Conclusively, Digital gold features a well-trained customer support team that will assist users via live chat, phone and email.

Few Token Specifications

After acquiring a Digital Gold token, you can invest it or like a normal transaction ans this is because Digital Gold will not charge fees for every transaction made by users. The fact that it is blockchain-based, every transaction will be safe and you do not need to worry.

The blockchain-based Digital Gold has lower maintenance costs compared to having physical gold in a traditional bank. The cost of the Digital Gold service is very low compared to traditional banks, however, you do not need to be bothered with troublesome matters, and most importantly your identity is completely safe or anonymous.

ROADMAP

Below you can see the roadmap — how the team sees their nearest and long-term future. Pay the utmost attention!!!

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://gold.storage/home

ANN: https://bitcointalk.org/index.php?topic=5161544

Whitepaper: https://gold.storage/wp.pdf

Bounty: https://bitcointalk.org/index.php?topic=5164058

Medium: https://medium.com/@digitalgoldcoin

Facebook: https://www.facebook.com/golderc20

Twitter: https://twitter.com/gold_erc20

Telegram: https://t.me/digitalgoldcoin