The link is the lecture of @yohan2on

https://steemit.com/hive-108451/@yohan2on/steemit-crypto-academy-week-7-stable-coins-part2

DIGIX (DGX)

DGX is a gold backed token which is built on ethereum blockchain. A DGX is the same value as 1 gram of gold.

DGX is a tokenized form of traditional solid gold. DGX is a token that have been solving issues and some common problem associated with traditional gold. Traditional gold has a lot of storage issues because it is not easy to carry about and keep in large quantity without paying extra charges to banks and and third party.
Another issue with gold is that it is heavy and carrying it around will be burdensome.

Let us now look at reasons why DGX is preferable to Gold

Why DGX is preferred to traditional gold

• Gold, on the other hand, is frequently considered a normal price swing investment option, forgetting that, in the long term, it is more resilient than fiat. Owing to lack of business knowledge, gold is barely used as a means of payment. In contrast, digital gold is longer lasting than fiat and can be used as a medium of investment and payment.
• There is no charge from Digix for stock, which distinguishes it from guards and metal dealers who charge a heavy premium for protecting consumers' holdings. Digix calls for everyone to invest in the most time-tested asset class in the world by buying gold by gramme, independent of purchasing ability.
• Digits has made it possible for every one to own gold and transact with gold..

Challenges that DGX has overcomeó in Digitizing gold

When we face tomorrow's unforeseen threats, gold tokenization is a revolutionary technology that allows conventional companies to evolve. The key to an effective digital transition is to articulate a strong digital vision that includes all or more of the following elements:
In the emerging digital economy, increase consumer trust.
Encourage and develop new ethical standards.
Data protection and the consumer experience are also essential.

Digix gold has been doing well in the market with a market value which is $55.37 USD with a 24-hour trading volume of $454,900

DGX also have a disadvantage as a stable coin, investors will not like to deal more with it. We are at the age where people are investing in cryptocurrency and they will rather deal with coins that will bring profit.

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@yohan20n
@steemitblog
@steemcurator01
@steemcurator02
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