A SIMPLE REVIEW OF THE DIGITAL GOLD PROJECT

So today we are talking about the digital gold project, It’s an ERC 20 stablecoin that is backed by gold on a 1:1 basis, if you have been in cryptocurrency space,stablecoins are becoming a big deal especially when it comes to decentralized finance.
So if you have been in crypto,there are stablecoins that are backed by fiat like USDT,there are those who backed by assets like petro and others,silver and then there are backed by code like DAI from MakerDaO, others are backed by another stablecoin like xDAI but the digital gold token is backed by gold on a 1:1 basis.

The company behind the gold project is very clear about transparency, to make sure everything is not just transparent on the blockchain but verified by 3rd party auditors.

Properties

So what are the properties of such a platform

Token with value

Each token you have unlike other coins that are out there,this token is backed by real gold and what that means the valuation of gold affects the price of the token.
The token derives it value from gold,so you may say it’s a gold derivative and this gold is 99.99% pure.

High Liquidity

So you could come in,buy and exit your position,and there is nothing like liquidity issues,I made a request,… I made a request to sell and I can’t sell,there is nothing

Privacy

You could buy the gold token in the most private manner and nobody is going to know,it just stays in your wallet,you are the only one who knows that you have these tokens

Low Cost

You can transact with the token at a very low transaction cost unlike the high gas cost in Ethereum and other tokens.

Secure

It’s not like you keeping gold in your house like in those days were you have to deal with security,you have to hire the police or you want to use third party custodians. It derives it security from the blockchain it's built with.

How to buy the tokens

So if you want to purchase gold,you can do that using the gold marketplace,you simply It support a lot of cryptocurrencies,bitcoin,Ethereum or you may use a reputable exchange like Cryptex exchange,Livecoin,Bitforex

Compatible wallet

It’s not advisable that you store your digital gold tokens,the exchange could be hacked or they could be fraudalent,so it’s better to store it in a compatible wallet,it could be hardware,paper wallet or mobile wallet.
MyEtherWallet|Guarda|Metamask|Trezor
And basically any ERC-20 compatible wallet will suffix for the gold token.

Learn more
https://gold.storage/
https://gold.storage/wp.pdf
https://twitter.com/gold_ERC20
Telegram ：https://t.me/digitalgoldcoin
Steemit: https://steemit.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20/
Bitcointalk: https://bitcointalk.org/index.php?topic=5161544