DIGITAL GOLD : A GENUINE ASSET OF VALUE THAT PROVIDES PROTECTION AGAINST VOLATILITY

crimsonknight (48)in #ico • 5 years ago (edited)

Hello readers, before I discuss about Digital Gold, let me enlighten everyone about STABLECOINS.

WHAT ARE STABLECOINS?
Stablecoins for those unaware of the current advancement in the financial market, are described as collaterized cryptocurrency which represents same price with the assets backing them. Stablecoins are currently gaining momentum and becoming a global trend because of it's helpful characteristics in handing the problem of price instability or volatility, hence mitigating financial loss, regardless of the condition of the market. Many professional investors and traders have been able to minimize the damage to their holdings by converting it to stablecoins, ensuring their financial funds in fiat currencies remain stable, even if the market enters a state of collapse. For example, Mike purchased Eth asset at price of $250 and it increased to $800, giving back good returns but when the market begins to collapse again and Mike is left storing his holdings, he might end up with a much lesser holdings value which leads to unwanted and unmanaged loss. Therefore, if Mike wants to maintain that unique value, he would have to invest his financial holdings into stablecoins which display low or no price volatility.
Although, stablecoins might seem like the right solution to the problem of volatility in the market, cryptocurrency collaterized by fiat doesn't really benefit investors and traders if the market value surges. Basically stablecoin collaterized by fiat national currency don't preserve and increase holdings value. For example if $200 worth of USDT was purchased two years ago, it will remain $200 in the upcoming years.

THE REVOLUTIONARY SOLUTION CALLED DIGITAL GOLD

The dream of a stable coin which can protect against volatility, preserve and increase the holdings of traders and investors have been actualized by DIGITAL GOLD. Website: https://gold.storage/home

Digital Gold achieves this by creating an ERC-20 complaint gold token collateralized by actual gold. Everyone knows that GOLD is an ancient precious commodity that have been applied in various activities especially in trading and exchange worldwide.
Gold is expensive which has made it an appealing investment and business commodity but due to complicated and unnecessary requirements involved in acquiring and trading actual gold, caused several individuals to lose interest in gold business. Therefore, Digital Gold has made acquiring actual gold easier through their issued gold backed tokens. The gold stablecoin provides anonymity to their owners and it is pegged to actual price of gold in the global market, whereby the liquidity of the tokens is guaranteed via the accumulated BTC and ETH assets acquired from selling the gold stablecoins through the official market place (https://gold.storage/market) and on listed exchanges.
Investors and traders are assured of increase in value of their holdings via ownership of the gold stablecoins because it is collaterized by physical gold, whereby actual gold which possess a low or non volatility characteristics tends to rise due to to it's rarity. Most people tend to avoid using stablecoin pegged to national fiat because they aren't sure it is completely decentralized and anonymous, therefore traders and investors can rely on the Digital Gold issued gold backed tokens because it is built on Ethereum blockchain, hence it guarantees complete decentralization, anonymity, transparency, efficiency and security in all business transactions.

Concluding, Digital Gold is an innovative project that leverages blockchain technology to completely revolutionize and revitalize the application of gold within the global market. Digital Gold project is unique and the team members are professionals who are determined to ensure that Digital Gold and the issued token becomes successful and prominent.