DIGITALGOLD: Storage And Making of Payments in Gold Made Easier and Safer

An average human being will always want to secure his/her wealth for future purpose and if possibly, generations to come, all tanks to the discoverer of the world most precious metal gold, it has served a lot in achieving the storage of wealth for ages past and is still being used worldwide for this sole reason.

Hardly will you find an intensely wealthy man/woman without having a percentage of his/her wealth being stored in the form of this precious metal, a very god property of it that makes people so comfortable storing their wealth in the form of gold is because of its low price volatility unlike other investments. You can decide to buy a house or landed property today to store your wealth only for you to discover that its value has been reduced greatly after few years, but that isn’t the case in gold investments.

The Problem

As precious as gold is, we can’t deny the fact that only the powerful people have the access to trade it. This is because of the complicated procedures and the high purchase requirements that are required before having to trade with it and as such, an average individual is being discouraged from trading gold.

Having said these, we should also be aware of the new tokenised gold system that is being developed to allow for easy bridging of the gap between the gold and digital ecosystem, but then this conventional system isn’t perfect enough as it is being faced with challenges as well such as inability to use and trade and also lack of proper security.

The Solution: Digital Gold

This is an Ethereum based platform that allows people to anonymously buy, sell, store and trade investment grade gold easily.

This is being achieved by creating an ERC-20 based gold token which is being backed up physical gold and stored in the company’s secured vault, hence the volatility of the token is highly reduced making it a stablecoin.

How Does This Work?

With the help of smart contracts technology being offered by the Ethereum blockchain, users can easily purchase gold tokens in which the amount of tokens in circulation will always be equal to the amount of gold bullion in the company’s vault, hence, this will ensure that there’s enough gold to cover for all the tokens in circulation.

A gold token on the platform will allow users to buy 1 gram of 99.99% fine gold and users can easily carry out unlimited transactions. These gold tokens being purchased at a price that is close to the current market price will be stored in the company’s secured vault which is in partnership with Bulionstar.

Reasons Why Digital Gold is the Best

• Opportunity to secure your wealth through a diversified portfolio
• Unlimited payment with no transfer fees
• Easily secure gold ownership which is being fully insured by Chubb Insurance Company in Singapore
• Assurance of high liquidity through the digital gold marketplace and partner exchanges and
• Your gold tokens allows for private physical gold ownership.

An exclusive feature of the Digital Goldplatform is that it is not an ICO based project but rather, it is being self funded by the parent company which is a liquidity supplier and all the gold token transaction is being executed by smart contract.

Conclusively, the sole aim of Digital Gold project is to rapidly improve the global use-case of gold which is currently being used only as storage of wealth, with the new idea being invented by the platform, then gold can now be easily used as a form of transaction which not only safe but also secured through the help of blockchain technology.

For more enquiries and information on the platform, kindly check the links below;
Official Website
Whitepaper
Official Twitter
Official Facebook
Official Telegram Group
ANN thread

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