DIGITAL GOLD : A STEP TOWARDS MAKING THE GOLD TRADING ECONOMY REMARKABLE AND PROFITABLE

 


PREAMBLE

Gold is one of the oldest metal in the world that has become unique source of investment and exchange commodity throughout the years due to it's outstanding monetary storage value and low price volatility. Gold trading is a flexible and friendly investment opportunity for investors and traders because it is a traditional tradable asset irrespective of the country and currency, assures efficient and flourishing trading accounts, providing possibility of less risk of price inflation including long and brief term gold trading is recommended to be safe.

For a while now, we have seen many cryptocurrency project flying the space, making waves and showing some features like they have arrived, but how many of them could keep the pace up till date? We can see that 99.5% of crypto market is not stable, rather it fluctuate and comes with signal that many people could not expect to see. How can crypto traders and investors survive the heartbreak of market fluctuation that has been the order of the day in the crypto system? Converting your assets to a stable coin is just the answer. Most stablecoin do depreciate or appreciate but stays in a position. This is exactly what make Digital Gold to came into existence.

DIGITAL GOLD

GOLD is a new stablecoin asset backed up by physical gold. It is related to other stablecoin in the sense that the price don't depreciate but different in pegging their coin with physical assets (Gold) unlike others stablecoin that peg price with USD ($). This mechanisms is far better in the sense that the price can go up i.e if you peg your cryptocurrency with the physical gold, and probably the price of gold goes up, your assets will go up but it won't depreciate like other cryptocurrencies in the market.

Digital Gold will be the first stablecoin that peg with physical assets in which they use gold.

There are challenges facing the stablecoin that do peg with normal fiat;

Investors don't like investing in it because it does not attract much profits. It is just like what you invest there is what you will take back (no lost, no gain).

There is always low trading volume, no liquidity and many investors do get stock in the market. There are still many issues but let me stop here.

So therefore, Digital Gold is the solution to those mentioned challenges; they have created a platform that issued a stablecoin coin which was pegged on the exact price of the physical gold. In a nutshell, any of your cryptocurrency you convert into stablecoin through the digital gold is equivalent to the exact price of a pure gold

DISTINCTIVENESS OF DIGITAL GOLD

  • Clients can utilize the digital gold platform to quickly buy the GOLD token, each coin being equivalent to one gram of 99.99% FINE gold that is put away in the organization's vaults. Accordingly, the tokens empower clients to utilize gold to make money related transactions, or to use it as a riches stockpiling technique. This is accomplished without expecting clients to pursue convoluted methodology.
  • The token is pegged to the estimation of the gold spot value, accordingly going about as a stablecoin. This makes it helpful for ensuring against market instability on the digital currency market, while likewise enabling clients to profit off long haul gold cost upswings.
  • Digital Gold also provides Liquidity as it is guaranteed consistently, allowed that autonomous live reviews can be confirmed to cross-check the quantity of tokens available for use, with the measure of vault-stored gold.
  • The digitalization of gold will undoubtedly additionally expand the overall intrigue of the precious metal, which has been looked for and utilized by humanity for thousands of years. The cross-usage among gold and blockchain innovation fills in so far another effective use case situation, displaying blockchain's potential in upsetting the monetary market.
  • Digital Gold also leverages blockchain technology to provide instant, low-cost and easy transactions on the Ethereum blockchain technology. The utilization creates more network security and protection against cyber-criminals and attack.
  • Talking about blockchain, its application in the Digital Gold undertaking takes into account a few inventive highlights, including, however not constrained to: moment, ease exchanges did by means of the Ethereum blockchain, unchanging nature for all affirmed exchanges (no chargeback hazard), by and large system security and security from digital assaults, keen contract usefulness (propping a moment gold buy for every token purchased), advertise straightforwardness, support for all ERC20 wallets, and backing for exchanging the GOLD token on accomplice trades. The blockchain also allows for market transparency.
  • The GOLD token community can use the Digital Gold Marketplace to quickly buy or sell the token at their will and wish.
  • The utilization of blockchain technology will allow gold to be generally acceptable as it is mandatory to notify that blockchain technology can make gold easily tradable and usable as a means of payment.
  • The leveraging blockchain will also allow for maximum security and with the blockchain-based system, newly-mined Gold can also be easily tracked while retaining important information.

FACTS ABOUT DIGITAL GOLD TOKEN


The Digital Gold Token is an ERC-20 Token created and deployed on the Ethereum Blockchain technology. Users can utilize to easily purchase, sell, trade and store or transfer investment-grade gold. The GOLD token has been intended to go be as a stablecoin, pegged to the cost of gold. The ERC-20 GOLD token is upheld by physical gold, put away in the organization's safe vault. As liquidity is ensured, the token appears as a stablecoin, since its cost is legitimately connected to the current gold spot costs.

One GOLD token will enable clients to buy inclusion of 1 gram of 99.99% FINE gold. Clients are likewise permitted to complete a boundless number of exchanges. To help give a predominant level of trust, all gold acquired through the GOLD token is stored in the organization's safe vault, in association with BullionStar.

GOLD TOKEN FEATURES AND USE CASES

  • Users can send and transfer the Gold Token without having the need to worry about transfer fee.
  • GOLDtoken also allow users to buy coverage in physical gold, which can later be utilized to exercise protection against market volatility or changes.
  • The GOLD Token can likewise be easily purchased, sold and traded.
  • All physical Gold is insured by the world’s largest insurance underwriters, the Chubb Insurance Company.
  • GOLD Token also ensures high liquidity, since the token issuer company, DIGITAL GOLD LTD works as a iquidity supplier while users can also buy large amount of tokens through the Digital Gold Marketplace.

CONCLUSION

Conclusively, GOLD stablecoin are pegged to physical gold and this helps increase the price and keeps growing in correspondence to FIAT stablecoins such as USD, EURO. Users wont also need to worry about passing KYC or going through KYC or hard procedures to own a GOLD. So i urge my followers to go through this distinctive project.

Kindly visit the below website for more in depth knowledge about the project;

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


AUTHOR

nelsonjohn

BITCOINTALK PROFILE

https://bitcointalk.org/index.php?action=profile;u=2387325

Comments

Post a Comment

Popular posts from this blog

IronX-A World Class Cryptocurrency Trading Platform

Image
A cryptocurrency exchange platform is indeed a familiar project. However, it becomes an anticipated thing if this project involves experienced brokers who created a forex trading platform. IronX is a joint venture project of two entities that have mastery in their respective fields, namely IronFX in the field of forex trading and EmurgoHK in the field of digital currency. The project from these two large entities certainly has a great opportunity to succeed in the future. What is IRONX ? IRONX is a platform pioneered as a worldwide one-stop trades system with the goal of quality resources. This venture seeks to give a fair, safe, and clear digital assets trading-service for the blockchain world. Also, this phase is designed, not just to create an ecosystem which will function for cryptocurrency trading but also works for financial products token with enormous differences in electronic space. The IRONX is a market platform which allows users to trade using local currencies fr...
Read more

ATRONOCOM-The Crypto Legion Coin

Image
Introduction Atronocom was created as a new step that aims to push the blockchain industry towards full decentralization, so that even smartphones in your pocket function for the future. The world of cryptocurrency and related requirements is becoming increasingly complex and difficult. Especially in the field of developing long-term, valuable crypto currencies and related projects, as well as safe and anonymous communication, payment methodologies and their applications, there are still many developments needed to be able to fulfill only the real imperfect ones. demand on the market. The Atronocom team works hard and has been able to develop and accompany projects for various large companies, while gaining a wealth of experience used at ATRONOCOM Ltd. Vision ATRONOCOM has positioned itself as a secure platform in one of the fastest developing markets in the world. ATRONOCON wants to make life easier for investors and participants with simple but advanced tec...
Read more

Authpaper-Blockchain

Image
About The  Project  AUTHPAPER Computer data is information processed or stored by a computer. This information may be in the form of text documents, images, audio clips, software programs, or other types of data. Computer data may be processed by the computer's CPU and is stored in files and folders on the computer's hard disk. At its most rudimentary level, computer data is a bunch of ones and zeros, known as binary data. Because all computer data is in binary format, it can be created, processed, saved, and stored digitally. This allows data to be transferred from one computer to another using a network connection or various media devices. It also does not deteriorate over time or lose quality after being used multiple times. Raw data is unprocessed computer data. This information may be stored in a file, or may just be a collection of numbers and characters stored on somewhere in the computer's hard disk. For example, information entered into a database is often...
Read more