DIGITAL GOLD : SECURELY INVEST,STORE AND TRANSACT IN GOLD
Now you can safely invest in gold thanks to the digital gold project,it’s a project that has been up and running for some months now,it’s a stablecoin that is backed by gold.what that means is that 1gram of gold is equal to 1 token,it’s verifiable and auditable by anyone,so no one can mint tokens that are not backed by gold,what this platform offers everyone is that not only will central banks be the ones to buy and invest in gold,anyone anywhere can safely invest in gold from the comfort of their home. You can buy it directly from the digital gold marketplace or from some other exchange.
Before we delve deep into the project,let’s look at some of the problems that one facing the purchase and securing of gold.
Problems
Of the problems that comes with the buying of gold is that of AUTHENCITY,you want to ask a simple question like if I go there to buy gold from a physical gold shop,how do I know that this gold that will be sold to me is an original gold,because someone could have something similar to gold,and gold coat it to make it look like actual gold,only for you to purchase it and get home and discover that you have just been tricked. It’s the same thing that happens when people go to the market to buy jewellry,they say to them “this is gold jewellry”,only for them to go home and see that it’s fake.
The second thing is that of SECURITY,so are you going to the physical store to buy gold,the next question is where will you store it,are you planning to store it at home,how secure is your home from theft,when you buy gold from those stores you are compelled to submit KYC information that can be in the hands of anyone.
The third problem is that of CUSTODY,you could go the route of self custody and be exposed to the security risks that comes with it or you could give them out to a third party custody provider(e.g banks and others) for a fee. Now you most factor in the cost paid for keeping them and compare it to how much gold you actually own.
The next issue is that of AVAILABILITY,by this we mean how available or accessible is the means for buying gold,we are constrained to walk into a physical location to buy it,these shops are constrained by time.
So we have touched four problems : AUTHENCITY,SECURITY,CUSTODY AND AVAILABILITY
Solution
The digital gold token is a panacea to all these problems,it’s a unique project among stablecoins.
As we all know ,Cryptocurrencies as an asset class are very good,they are permissionless and easy for anyone to purchase and hold but they are palgued by a very serious flaw and it’s that of extremely volatility,we have seem these assets increase in price very rapid and drop in price rapidly as well.
So why not we take the technology that powers cryptocurrencies and use it to build an asset that is a derivative of a real world or tangible asset,
There are three kinds of asset coins,we have the fiat backed coins(like USDT,USDC),algorithm or code baacked coins(DAI,ACA),asset backed coins(like gold,silver,metals etc)
Why digital gold token is unique?
The first problem we talked about was that of AUTHENTICITY,now that is taken care of,the gold is purchased by the parent company and audited by third party audit companies.
Next we talked about the issue of PRIVACY and SECURITY,you buy the token representation of actual gold in the most private and secure way,next we talked about the issue of CUSTODY,you transfer the tokens with zero fees charged,now for custody they are the one in charge and the fees charged are near negligible as it less than 1%.
Next feature is that it’s readily available and accessible,you can buy and sell it anytime you want.
Where can you buy gold tokens
You could the digital gold token from a number of exchanges like Cryptex,Bitforex and a host of others or you can easily buy if from the online digital marketplace.you only need to fill out the form with how much worth of gold you intend to buy and the currency of choice you intend to pay with.
You need somewhere to store your gold : You can store the tokens on a multiple wallets like Guarda , TrustWallet,MyEtherWallet,Metamask and any other ERC 20 supported wallet.
DO NOT SLEEP ON THE OPPORTUNITY TO PURCHASE SOME GOLD FOR YOURSELF.
NOW IS THE TIME TO STASH UP GOLD
Learn more
https://gold.storage/en/home
https://twitter.com/gold_erc20
https://t.me/digitalgoldcoin