DIGITAL GOLD: Digitizing Gold Market StableCoin – farida syantic
The digital gold understands the adverse effects of market volatility beguiling the efficiency of most cryptocurrency transactions and so its ensures a stablecoin by pegging the token to the value of gold spot price, with modalities that give users the opportunity to enjoy a longer and a much more consistent gold price rate.
There is no need for users to entertain fears on the liquidity of this gold because digital gold provides an independent live audit that can be verified to ascertain if the exact number of tokens in circulation is actually equal to the quantity of physical gold stored in the vaults.
Blockchain is a unique technology likewise the precious gold metal and so the collaboration of gold and blockchain using the digital gold project as a bridging factor makes the duo a force to reckon with in the world financial market. It also provides innovative features that create low-cost transactions, effective immutability, impervious security infrastructure, optimal smart contract functionality, full market transparency with requisite support for ERC-20 wallets and alliance/compatibility partner exchanges.
The parent company is a liquidity supplier and so users of the digital gold innovation are also at liberty to utilize the digital gold marketplace to carry out unlimited buying and selling at little or no cost except for the very minimal annual service fee and gas tax ethereum based transactions.
The Issue
As valuable as gold may be, we can’t deny the fact that only the influential individuals have the entrance to trade it. This is a direct result of the convoluted methodology and the high buy prerequisites that are required before exchanging with it and all things considered, a normal individual is being debilitated from trading gold.
Having said these, we ought to likewise know about the new tokenised gold system that is being created to take into account simple easy connection between the gold and digital ecosystem, yet then this regular system isn’t ideal enough as it is being looked with difficulties too, for example, failure to utilize and trade and furthermore absence of legitimate security.
The Solution: DigitalGold
This is an Ethereum based platform that enables individuals to purchase, sell, store and trade venture grade gold effectively without revealing their identity.
This is being accomplished by making an ERC-20 based gold token which is being sponsored up physical gold and put away in the organization’s verified vault, thus the unpredictability of the token is exceedingly decreased making it a stablecoin.
Features Of Digital Gold
The main aim of this project is to tokenize and digitize gold asset and optimize the use of blockchain. So therefore, people will be able to purchase physical gold with the digital Gold token. By doing this, you will enjoys the following benefits:
Purchasing of physical gold with Gold token attract no transfer fees. You can as well make unlimited payments without any restriction. The only charges you pay for executing a transaction is the one the ethereum network deduct as transaction has fees.
The Digital Gold platform give clients the opportunity to diversify their portfolios in a safe state since cryptocurrency price is volatile in the market. This will limit the rate of fear and risk of losing your investment.
Through the Digital Gold platform, clients can easily secure gold ownership. This platform will help you to secure a reliable supplier and all paperwork. This means users won’t undergo all the stress of filling paperwork before they will have access to purchase grams of gold.
Digital Gold project is a remarkable undertaking since it doesn’t plans to just re-vitalize the utilization of gold as a methods for payment and exchanging yet in addition comprehends just as utilizations the capability of blockchain innovation including it’s capacities that is tremendously useful to the digital ecosystem. This project is prescribed to any individual who wants to participate in the Gold exchanging business however can’t because of obstacles put by complexities from administrative prerequisites and methodology of purchase, thus Digital Gold uses the benefits of blockchain innovation to totally overcome these restrictions giving access to gold fortunes for any individual or financial specialist around the world.
For More Information :
Website: https://gold.storage/
White paper: https://gold.storage/wp.pdf
Telegram: https://t.me/digitalgoldcoin
Twitter: https://twitter.com/gold_erc20
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Published at Tue, 27 Aug 2019 18:54:15 +0000
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