GOLD TOKEN - A Gold-backed Cryptocurrency

Gold and cryptocurrency, two assets that are viewed as safe haven against financial uncertainty. These assets are vastly different from one another. One is physical while the other is digital, one is a shiny dawn while the other is binary, one is as old as time itself while the other has only been in existence for 11years.
These two assets has individual unique characteristics. Now the question is, are there any product that links these two special assets together? This is a question I'll be answering in this article, so do well do read this article till the very end.

Gold was initially used as currency in the Medival age; a system of values based on weight of gold. Even in Modern age where paper currency was introduced it's value was still based on the backing of Gold. Although not anymore since the abandonment of the gold standard. Over this long period of time gold still remains valuable. Gold is often viewed as having negative correlation with stocks and a positive correlation with inflation, thus serving as execlent diversifying asset to hold in portfolios. This is as a result of its stable nature.

->Why are gold and cryptocurrencies viewed as safe haven assets?

• They cannot be easily created.
  Unlike Fiat currencies that can be printed at anytime of need, gold cannot be created out of the thin air. They originate from explosion of starts which is a phenomenon that can not be orchestrated. Bitcoin and other cryptocurrencies too can not just be hashed; cryptocurrency is being issued as a reward when a cryptographic puzzle is being solved on the blockchain network. Therefore, their prices can not be easily inflated. It's circulation is limited and it's demand is ever increasing hence, a inflation in price is almost impossible.

• Their prices are not directly or indirectly linked to any economic activity.
  Most publicly traded equities are valued based in their potential earnings which is unlike gold and cryptocurrency. For example, as a result of an economic decline or a global pandemic; if the earnings of are low, those earnings are translated into a low price of shares as well as low price of base commodity. A pandemic can also distroy household income which means less demand for housing and other properties hence, low real estate prices.

• Gold and cryptocurrency are valuable for their own intrinsic property

• Gold is globally known, used, accepted, and can easily be exchanged irrespective of where you are in the world. Also billion of dollars worth of cryotos stored in a cryoto wallet can be exchanged at ease anywhere, anytime.

GOLD VS. CRYPTO
Here are some differences between gold and cryptocurrency:

• Gold is physical while cryptocurrency is a data entry on a degeneralized network which only you have the access to. This, gold has to be moved and stored like any other physical assets which means the more you buy, the more you'll have to store. But with cryptocurrency, one ledger device can cointain one doller or even one billion dollar worth of bitcoin.

• The total gold market cap is about 9 trillion dollars. While the current total market cap of all cryptocurrency combined is about 216 million dollars

• Cryptos are minned via stacking or hashing while gold requires a intensive extraction, minning, and refining process. A process that is easily impacted by other economic factors.

HASSLES OF PURCHASING PHYSICAL GOLD

Physical Gold is the original form of gold. It is believed to originate from catalytic explosion of stars known as supernova creating a gold residue. A huge number of these gold residue fuses together as meteorites to reach the earth surface. They came then minned, refined, and stored for use.
The Storage and Insurance of physical gold is very costly. When you purchase couple of ounce of physical gold, you'll have to decide how to storeit and also insure it in case of possible theft. These processes are quite expensive
Everytime you want to liqify your physical gold bars, you will have to physically transport them to the dealers. The dealers may even need to refine the gold before finally accepting it. There processes are time consuming and costly.

-> Introducing to you a product that links the unique properties of physical gold and crypto currency. THE GOLD STABLE COIN - a gold backed cryptocurrency. The purchase, storage and exchange of gold is made convenient via the DIGITAL GOLD PLATFORM through the GOLD TOKEN, which is based on an Ethereum network and is compatible with the most popular cryptocurrency wallets that support Ethereum ERC20 standard tokens and also backed up by the stable features of physical Gold.
1 Gold Coin is equivalent 1 gram of 99.9% pure Gold. GOLD TOKEN allows you to fixate the value of your crypto assets.

DIGITALIZATION OF PHYSICAL GOLD
Blockchain, which is a technology that powers cryptocurrency is the driving force of gold digitalization and tokenization process. The aim of the Digital Gold project is to explore the unique property of the blockchain technology in the tokenization and digitalization of physical gold.
It is of no doubt that blockchain technology is one of the best things that ever happened to this generation. This incredible technology has turned around the market productivity in several ways: making the advert medium more transparent, getting brands to target consumers, degeneralisation, transforming numerous industries by offering lower costs, heightened security and streamlined processes and lots more. it has brought lots of benefits to both businesses and investors in the financial services market. And now its being explored in a whole new level in the digitalization physical gold.
The blockchain network is decentralized. This removes a central authority From the system, reduce the risk of manipulation, promote security, trustworthiness, and transparency.

HOW DIGITAL GOLD PLATFORM LEVERAGES THE BLOCKCHAIN TECHNOLOGY
In recent years, gold is beleived to be purchased by investors majorly in order to store the value of wealth. But the introduction of blockchain technology to the gold makes it possible for gold to tokenized and easily tradable. It can also be used as payment for various services.

Blockchain has also taken the worry of security of your gold while in store. With the help of cryptography which is a basic element of the blockchain technology, data entry and a new block creation fully authenticated. Also, because blockchain is a decentralized network, there is no Central authority and eveyone has an access to view the data hence, a data can not me manipulated without being caught.Therefore, the risk of hack of your digital gold coin is impossible. Security not your Gold Token is guaranteed.

WHY DIGITAL GOLD COIN

LOW PURCHASING PRICE
The gold coin platform allows you to buy gold even as low as 0.5 grams. This creates a room for people who do not have a large amount of capital to be exposed to gold at anytime.

24/7 TRANSACTION TIME
The platform allows you to buy gold at anytime you please just via your ETH or BTC atvuoir convince.
By investing in digital gold, you are free to determine the timing according to your analysis based on gold price movements.
You can do digital gold purchases more often than physical gold because of the ease of access. .

NO STORAGE COST
Unlike physical gold that requires cost or storage facility for the physical gold bar or bullion, the Digital Gold platform will keep your gold safe without any transaction cost and risk free

EASY GOLD PURCHASE
The Digital Gold platform allows individuals to reality own a physical gold without any stress. The forum provides a trust worthy supplier and takes of all paper works, allowing clients to purchase several grams of gold without stress. digital gold is poised towards eliminating the hassle and bustle of purchasing, processing paperwork’s and securing gold with its gold token customers can actually purchase coverage in physical gold. Purchased Gold are safely stored in company's vault and also insurance coverd

ANNOYNYMITY
Buying physical gold requires giving out personal information and compliance with local regulations that vary widely from country to country.
The Digital Gold Platform providees anonymous trading to clients, allowing them to buy as much gold with their profile kept secrete for security reasons.

GOLD COIN MARKETPLACE

The Digital Gold Platform creates this marketplace for an easy, effective and efficient purchase of Gold with the Digital Gold token
Here is the link to the Digital Gold marketplace: https://gold.storage/market

CONCLUSION
The Digital Gold platform links the unique properties of Gold and blockchain technology. Therefore, an easy purchase and safety of your gold is assured.
Why not visit https://gold.storage/market to buy GOLD token now!

Exchange: https://cryptex.net/trade/GOLDUSD
Website: https://gold.storage/
Facebook: https://facebook.com/golderc20
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Medium: https://medium.com/@digitalgoldcoin
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Whitepapper: https://gold.storage/wp.pdf
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