Digital Gold; Best and finest of all Stablecoins in crypto currency
Gold is a valuable natural resources giving to all mankind by God Himself, it attracts potential investors just like a magnet does attracts. Do you know why ? Because wherever Gold is- people move towards that direction in search of financial peace and future potential profits that can only be found in gold.
When we look at the stock market aspect; we will see closely that gold has maintained a stable price over the years and has assured a lot of investors as a convenient store of wealth and money for people.
Generally, most investors buy the gold futures to diversify risk. But gold has proven itself to be stable consistent and a safe for all. Comparing this co-existent to crypto currency is why the Digital Gold platform is here.
Digital Gold platform is aiming to transfer the extra ordinary attributes of gold into the crypto currency world thereby creating a solid, stable, safe, secured and consistent stablecoin for the crypto currency world to enjoy and savor.
In all nutshell; I will inform us today the reason why the digital gold platform stablecoin is better than the existing Stablecoins.
Existent stable coins present today are usually asset backed crypto currencies on the front; and while some are centralized to a certain vault; some Stablecoins are decentralized. Centralized stablecoin are prone to hack or probably fold up; while Decentralised are backed either by fiat or crypto currency or by resources that are more than valuable such as gold, silver etc
Why is Digital Gold Stablecoins the best ?
- The digital gold stable coin; with ticker GOLD is a decentralized stablecoin backed by the Gold precious metal; which ensures that the value of the gold metal is equal to the value of the gold token; this ensures that the gold token :
The gold token value is fixed forever and also clearly redeemable at any point you want; it is also always in demand.
The gold token is backed by 7,200 bullion Gold vault which equals 7,200 gold tokens. I.e 7,200 Gold in vault = 7,200 gold tokens.
N.B: The Gold Platform Team issued 7200 tokens because right now The Gold vault stores 7200 grams of gold. 1 gram of gold = 1 gold token.
After investors buy the most of the existent 7200 tokens, the digital gold company will purchase a new portion of metal gold and put it in the vault storage. After that, the team will add GOLD tokens to more markets.
With such features above; I can tell you that gold token stablecoin is the way forward in keeping our funds safe; secured, transparent and fully backed by 7,200 gold vault.
I have had a personal encounter with the platform and it’s the best stablecoin I have come across.
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As at the day of publishing this article,
the gold token is buyable and sellable on the gold website, https://gold.storage.
Likewise, you can trade the gold token on Cryptex exchange. Visit https://cryptex.net.
For further news and updates, kindly visit the project links below:
Website : https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Telegram: https://t.me/digitalgoldcoin
Twitter: https://twitter.com/gold_erc20
Medium: https://medium.com/@digitalgoldcoin
ANN thread: https://bitcointalk.org/index.php?topic=5161544
Author: ife2020
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