Digital Gold | Connecting Blockchain To The Gold Global Market

in #gold3 years ago (edited)

Gold prices have continued to strengthen in recent years with Rise of more than 10% in the last 5 years, Various crises that occurred in recent years provide Spotlight for Gold to be used as one of the promising long-term investments with stable growth in recent years. The high point is the COVID-19 pandemic that occurred a few years earlier made everyone panic and flock to buy gold as one of the solid Store-Of-Value options, On the other hand Crypto is also experiencing a bullish trend compared to the Stocks market, Some major cryptos such as Bitcoin break it's ATH touching $50k price lately and this trend will continue since new COVID-19 variant keep appearing, Some Crisis like Middle East & Asia Conflict is also one of the factors affecting the global market lately. Is this the right time to invest in Gold or Crypto? Of Course it is!

Is Gold still Reliable?

Yes it is, but for the past few weeks the Gold market has been stagnant and has tried to break the $1840 resistance even though Gold is still one of the assets with the most stable performance and is suitable for long-term investment, the global market is also still experiencing negative trends and various conflicts. occurs and various new variants of COVID-19 continue to emerge, for example One of the most influential countries is the USA which experienced the highest increase in inflation in the last 3 years and weakened the value of the USD, this certainly has a considerable impact on global markets or countries On the other hand, it provides a Spotlight for Gold to be one of the most reliable Investment or Store-Of-Value options. On the other hand, SPDR Gold Trust, which is the largest ETF-Gold Exchange, reported an increase in their holding of more than 0.1% from 998.17 Tones to 1000.21 Tones, with the current crisis making Gold an option that has been tested for thousands of years as the best standard in the global market. You can see Gold growth on this chart fore more details.



How about Crypto?

Crypto has also become one of the trending topics lately with amazing developments in the last few years, new innovations continue to be developed by utilizing Blockchain Technology, various important sectors are also starting to integrate this technology such as Health, Banking, Entertainment, etc. Blockchain technology offers a transparent decentralized system and on the other hand is also a reliable investment or Store-Of-Value, various major cryptos such as Bitcoin have a limited supply so they are resistant to inflation and ensure maximum transparency through Distributed Databases deployed on public networks. . As the main reference, we can see the Bitcoin price which touched $50k, exceeding the ATH that occurred in the bull market a few years earlier. On the other hand, various large institutions have started to implement crypto on their systems, one of which is Facebook, which recently revived "Libra", which was rebranded to "Diem". Although more volatile than Gold, crypto remains one of the most reliable Store-Of-Value or Investment options today, More than $1 Trillion Market Cap and it's will continue over time.

Crypto or Gold?

Why not both? Both of these markets have their respective advantages and therefore dividing the investment option in several portions is a wise choice, Currently through Digital Gold everyone can simultaneously choose both flexibly, Digital Gold itself is a Blockchain-based Ecosystem that offers a form of Tokenization backed by real Gold so that everyone can make transactions more efficiently and flexibly where they can buy Gold or sell it instantly through their crypto assets or vice versa and create a powerful portfolio. With the current uncertain global market conditions, these two assets are the most reliable options.

What is Digital Gold?

Digital Gold is a Blockchain Technology based Gold Exchange Ecosystem, their system allows anyone to be able to buy Gold with their crypto assets such as Ethereum or Bitcoin. The Digital Gold team designed a sophisticated Infrastructure that was integrated with a unique algorithm to ensure that every transaction process was automatic and safe through Smart-Contracts, They also implemented various unique features such as Trading Charts that were updated in real time with Global Crypto & Gold market prices where their system created Sophisticated Multi-Functional Dashboard that can be used as a reference, ensures the efficiency of the analysis process carried out by its users. Through the form of tokenization distributed on the Public Blockchain network, it allows users to conduct borderless transactions in an effective time & cost.

Their ecosystem creates a new demand on the global market that bridges Crypto & Gold in one place, Compared to the traditional complex system their system offers an easier transaction process. Their team also ensures security with high Security Standards that ensure users' assets are safe with an Intense Audit process carried out internally and externally, their system also ensures user satisfaction with 24/7 support, low fees and low slippage.

Blockchain-Based Gold

The Digital Gold Team designs a form of asset that is distributed on the Public Network. Through the Tokenization process, native currency in the Digital Gold Ecosystem is Gold Token and each token represents real Gold, Each token released will sync with the Reserve stored in Bullionstar Vault. This token is designed with a solid Source-Code ensuring Low Gas and Automation through Smart-Contract, ensuring Flexibility and efficiency at the same time. Users can also easily exchange Gold for their Crypto Assets where the Digital Gold team ensures solid Liquidity with low Spreads and low Slippage. You can verify Gold Reserve for each token on this page; https://gold.storage/en/audits

Conclusion

Global market conditions are currently experiencing a large decline on every sector and created a major crisis that we can see in recent years, Gold & Crypto is the option chosen as the best Store-Of-Value or Investment at this time, Both of these sectors offer stable growth with increasing demand which we have seen in recent years. On the other hand, Digital Gold offers a unique ecosystem that bridges these two assets which provides flexibility and efficiency to the Global Market. Their ecosystem offers a variety of powerful advanced features and an new form currency through tokenization that makes transactions easier and cheaper. I've personally used their Platform a few times and have been very satisfied, That's why I highly recommend that you give their platform a try!

I think it's enough for now, Do not forget to Follow, Comment & Upvote, I will give some useful links related to Digital Gold Marketplace Ecosystem below. Thank you very much!  

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