Steemit Crypto Academy - Homework Post For @yohan2on - Part 2 : Tokocrypto Trade Digix, a Gold Value Token
Source|
TokoCrypto presents the fourth Gold-based coin buying and selling, namely Digix (DGX).
Digix is an asset tokenization company based in Singapore, where the DGX token represents 1 gram of Gold backed and secured in a vault. DGX tokens are offered on the Ethereum blockchain and are available for direct physical exchange with a continuous printing process known as Proof of Provenance, whereby every document related to the purchase, storage and audit of each piece of gold has been uploaded for public viewing.
So, the price of 1 DGX is the same as the price of 1 gram of gold, which is in the range of IDR 700,000-IDR 754,087, depending on the market price.
Souce|
DGX itself is already available in Indonesia, namely on the Tokocrypto crypto asset exchange, which has been licensed by Bappebti as a Physical Crypto Asset Trader. At Tokocrypto DGX you can buy in rupiah and vice versa.
According to the DIGIX team, in order to redeem / recast DGX into real gold, you must have an account on the DIGIX official website and send your DGX to a wallet there. The minimum amount of DGX that can be redeemed is the equivalent of 100 grams or 1 kg of gold.
As a side note, there is an “admin fee” of 1 percent charged to make up for it. Suppose you have 100 DGX and want to redeem it for real gold, then you must have 101 DGX.
DGX aims to digitize Gold and offer its products on the Ethereum blockchain, where a user can safely store, send and receive Gold from your mobile device.
Given that the price movements in the crypto market are quite extreme, DGX is seen as the right choice with value hedged in the midst of these unpredictable times.
"As we know, gold investment has been going on for a long time. But all of that is still done traditionally. By presenting DGX, crypto hopes to provide new options for transactions in crypto assets, where everything can be done easily, safely, and of course more stable price movements supported by the latest technology, namely Blockchain, "said Pang Xue Kai, CEO of crypto.
Tokocrypto is the first platform that allows buying and selling DGX transactions using the Rupiah currency. Previously, DGX transactions could only be done using Ethereum (ETH).
The presence of DGX in Indonesia through Tokocrypto is expected to bring public trust as one of the most trusted crypto assets and to be further recognized among blockchain activists. Not only that, the choice of Tokocrypto as the first crypto asset trading platform is inseparable from the reputation that Tokocrypto has.
Source|
"Tokocrypto is arguably a new player in Indonesia. But in a short time, they have built a very good reputation, even recently, Tokocrypto was named the Top 3 Crypto Exchange in Indonesia by Tech in Asia, "said Shaun Djie, COO of Digix.
Digix sees this as an opportunity to grow in the Indonesian market. With the habit of Indonesians investing in gold, and supported by economic growth, especially in the financial technology sector, DGX is the right choice for investing.
Thank You For Reading
Cc. -
@steemitblog
@steemcurator01
@steemcurator02
@yohan2on