Good day crypto lovers & friends ! It's another week contest and we are ever grateful @cryptoacademy community and @steemitblog for their awesome hosts in order to let anyone earn and learn from Cryptocurrency, with the help of Educative Professor's like @yohan2on. He's lectures was great and I will answer the assignments given to prove my learning abilities from his class.

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

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

Source

DIGIX (DGX)

INTRODUCTION
Cryptocurrencies were established with the purpose or agenda of holding a currency with no central authority of control and then the value are held on the expenses of the currency.

Digix is about to transform the cryptoworld with a special kind of new platform and the token. Currently the upcoming currency to be established by DigixDAo is agreed to be tied to a physical commodity in which, each coin will be backed backed up with a size of gold bullion. Digix was created at Singapore in the year 2014 and in 2016 it had a crowdsale.

Digix has a token called DGD, and this coin was given while in a crowdsale and recently traded on different exchanges. Digix has experienced massive growth since the crowdsale price. The token allows the holders the effect to accredit the development of DigixDAO and gives the holder a stake to either accept or refuse new development proposals. It rewards the holder with the new DGX token that will be added to gold. DGX token is trying to tie its price to the price any stable commodity like gold. Why because as long as the price of the gold remains stable the token will as well. Do you know that recently gold reserves are kept in a vault at Singapore which is called The Safe House. The vault has the capacity to hold about $1.5 billion worth of gold bullion.

DGD Token

The DGD tokens are already created though not released because it's less of a currency though enables you to a voting right and a stake in the gold standard DGX token. Having a DGD token enables you to something similar to a shareholder's access and enables you for discounts and rebates.

Trading Digix

Digix is a stablecoin and same thing goes for DGD, because of its noticable price changes. The coin in 2016 crowdsale had a price of about $3 though it climbed very high to $550 by february 2018 and finally went down as low as about 75% in April same year. The erratic point makes Digix a better coin for it's holders.

How To Buy, Sell & Trade DigixDAO (DGD)

• Where to buy DigixDAO (DGD)
You can buy from coinswtich cryptoexchange or
Idex cryptoexchange.
• How To Buy & Sell
=> Create an account with a cryptocurrency exchange that has DGD
=> You need to deposit funds into your account
=> You'll need to have a pairing currency with DGD, examples are bitcoin (BTC) or Ether (ETH).
=> Find the “Deposit link" on your account dashboard, copy the address to enable your exchange wallet.
=> Click on exchange and choose your currency pair like DGD/BTC.
=> Enter the amount of DGD to buy then check price (if favorable), click on “Buy DGD”.
Note : same process is done for sell (just click on sell DGD.

• Don't forget DGD has a limited currency pairs, so there would be difficulties in exchanging to your favourable token

• Which Waet Can Store DGD
MyEtherWallet is a good wallet to store DGD since it supports an ERC-20 token.

Consideration Before Purchasing DigixDAO

• Supply
• Partnership
• Whitepaper

Conclusion

Criticisms on cryptocurrencies are based on volatility and instability. Mostly about transactions. DigixDAO is being created for same exact stability just by giving an
offering of a token that will be tied to a physical asset that has a credible stability like Gold. Thank you professor @yohan2on.
Big thanks to my mentors @talktofaith @focusnow @ngoenyi @bright-obias