The other day, I overheard someone saying blockchain technology can simply turn the world upside down. Am beginning to appreciate that particular statement looking at the huge number of successful blockchain-based projects that are making great impact In the world of technology. Greatly so, I guess blockchain can easily be applied in many aspects of human endeavors, get to know DIGITAL GOLD, an innovation to digitize physical gold. DIGITAL GOLD has been designed by a team of well experienced professionals in the area of blockchain technology and the world of finances.
DIGITAL GOLD IN PERSPECTIVE
Digital Gold – is a blockchain-based project that would promote the financial market and the investment opportunities that comes with digitization of gold. To make this mission very simple, users attached to DIGITAL GOLD would be able to buy physical gold through the use of ERC-20 Ethereum-based Gold tokens.
The GOLD token is valued at the spot price of gold, hence making it a stablecoin. This provides trusted protection against market volatility on the cryptocurrency market as well as allowing users to benefit from long-term gold price increments.
Liquidity is readily ensured at all times, as there are constant independent live audits which can easily be verified or to cross-check the number of tokens that are in circulation, with the amount of vault-stored gold. The value of gold bullion can also be verified in real-time with BullionStar’s Live Audit Reports.
To ensure a greater sense of accountability, there is also a quarterly report by a 3rd party auditor that verifies the value of Digital Gold’s bullion portfolio at BullionStar vault storage will be also available by Q3, 2019. The GOLD token provides high liquidity, since the token issuer company, DIGITAL GOLD LTD, operates as a liquidity supplier.
Users are allowed to simply purchase and sell large amounts of tokens, through the Digital Gold Marketplace, or partner exchanges. Another benefit worth discussing is customers of DIGITAL GOLD get the chance to operate on the platform at their own convenient time since the service is available 24/7. Hence, liquidity is available on-demand, and the rates also match current gold market prices.
Through the support of Ethereum ERC-20 tokens, customers can easily send the GOLD token anywhere in the world, without worrying about volatile transfer fees, since all transfers are basically free. Digital Gold users are also allowed to make unlimited payments, as the service does not impose account limits. Users should also understand that transfers also comes with a small fees that is charged for the use of the Ethereum network.
Aside being a stablecoin, the GOLD token is an ERC-20 compatible token that is based on the Ethereum blockchain. This implies that users enjoy all the amazing benefits that comes with the Ethereum blockchain which includes instant transactions, transparent security, automatic records, and smart contract functions. Thus, any purchase of the GOLD token is carried out through the Ethereum-based smart contracts. Again, the smart contract functionality also ensures that the number of coins in circulation equals the amount of gold being stored in the vaults.
GOLD smart-contract are audited by Chain Security – one of the leading and world-famous Swiss companies made up of well-experienced experts that specialize in blockchain security. The physical gold stored in vaults is also insured by a leading insurance company in order to protect the interest of customers.
The GOLD token community also make use of the Digital Gold Marketplace to instantly trade using the token. Since the parent company also acts as a liquidity supplier, users can easily carry out as many transactions as they wish, with no additional costs apart from the yearly service fee and the general ‘gas’ cost for transactions based on the Ethereum-based blockchain network.
GOLD can be bought and sold instantly on a number of exchanges already and also with ease on the official website. This allows GOLD holders to perform this operation with physical gold placed in a secure vault.
To make this a reality, the high market liquidity GOLD representatives hold a very significant position as a market maker on a number of exchanges across the globe. This strategy ensures traders are able to buy and sell large amounts of GOLD at a guaranteed level.
GOLD TOKEN AS A VERY POTENT STABLECOIN
GOLD token would act a very stablecoin that protects against the over present volatility on the crypto market. All assets will retain their value as every GOLD token is guaranteed by physical gold stored in a secure vault facility. High volatility would not be able to affect the price of GOLD token as its price depends solely on the market price of gold. The market price of physical gold have always been relatively stable hence making GOLD a great alternative to stablecoins that are associated with popular physical currencies such as EURO or USD.
INVESTMENT IN PHYSICAL GOLD THROUGH TOKENIZED OR DIGITAL GOLD
GOLD token is an excellent opportunity for investors looking for a simple way to buy gold bullion bars and stable digital assets. Digital Gold is a project that really deserve all the attention. Physical gold is tokenized and hence can be purchased and stored anonymously with GOLD tokens without any stress. Things even get better since customers can easily sell them right away on the Marketplace provided by this project.
Find out more about the project, by visiting these important links below;
Website: https://gold.storage/
ANN Thread: https://bitcointalk.org/index.php?topic=5161544
Whitepaper: https://gold.storage/wp.pdf
Twitter: https://twitter.com/gold_erc20
Telegram: https://t.me/digitalgoldcoin
Medium: https://medium.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20
PROOF OF AUTHORSHIP
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2511518
Tokenizing physical gold is such a great idea.