Hello friends of Steemit, my user is @deisip67 this is my first participation in SteemitCryptoAcademy, in the class of the teacher @yohan2on. Thank you professor for accepting me among one of his students, I hope to learn more about this world and the use of coins.

Homework task: Write about any one of the following Stable coins

USD Coin (USDC)
TrueUSD (TUSD)
Paxos Standard (PAX)
Digix (DGX)

Digix (DGX)

Source

Digix, is a Singa-based company that allows online users to buy gold without physically owning it, carefully manages the amount of DGX gold tokens through a process known as minting, and ensures that each token is backed by 100% of gold that is safely accounted for in vaults.

It should be noted that this is a complete reserve system in which 1 DGX always equals 1 gram of gold.

One of the main benefits of using DGX is that users can exchange their tokens for real gold.

Gold has always been a stable insurance to safeguard value, but its physical properties make it almost impossible to use.

At this time, for most people, gold has become unusable and so valuable that it is, and so unwieldy and uncontrollable, stored and secured between investors through contracts.

Advantages of DGX

Each DGX token represents 1 gram of gold safely deposited in a vault. Since the DGX is backed by physical gold, its market price should be closely related to the gold bullion buy and sell margin.

The native DGX token represents 1 gram of physical gold on the Ethereum network. It adds the additional utility, liquidity and fungibility previously lacking as a traditional asset, allowing it to be spent on the Ethereum network easily with any third party such as banks.

The token is available for trading on the open market and its price can vary depending on the location of buyers and sellers, whether it is an investment or a hedge against financial uncertainty.

Gold has proven to be a safe investment.
DGX is backed 100% by physical gold. Users can convert their dgx assets to physical gold at any time. This is called recycling and is produced in quantities of 100 grams.

The value of DGX tokens on the open market is determined by their assets.

DGX is a digital token on the Ethereum blockchain that you can send, receive, or exchange with anyone in the world at any time. You can have full control over your digital asset and choose which one to use.

Lastly DGX is the proprietary blockchain token with incredibly high security. This ensures that DGX transactions and the general offer cannot be defrauded and in this way the tokens can only be transferable to users with private keys at the blockchain address. In short, own and manage tokens within your ether wallet.

Conclusion:

Digix's objective is to democratize access to gold by making digital gold easily accessible to the person and in this way can micro-accumulate gold with DGX tokens. It also allows you to save and manage your assets and exchange it whenever you want for real gold. The beneficiary can transparently track and audit his account on the blockchain.

Thanks to the team;
Cc: @steemcurator01
Cc: @steemcurator02
Cc: @steemitblog
Cc: @yohan2on