DigitalGold — The new generation for modern payments on the blockchain
What Is DIgitalGold
One may ask, what is Digital Gold? Of what use is Digital Gold to me? What makes Digital Gold more viable than other tokens and actual Gold? Well, all questions will be answered in this my short reiew.
Digital Gold, amongst other companies/projects,has set its foot-prints in the global digitalization of the financial markets. Digital Gold, like other digital currencies, is a blockchain-based currency built on 15th of April,2019 on the ethereum chain (ERC20) with its name symbolised as “GOLD”, GOLD was launched as a Stablecoin.
Have you ever wondered how you could purchase GOLD without purchasing it physically but at the same time getting same value of actual gold in real-time, well you’ve got your answer by buying DIGITAL GOLD TOKEN
Backing Of DigitalGold
DIGITAL GOLD is backed by real gold in real-time, this thereby provides stability of DIGITAL GOLD in the digital markets. 1 GOLD is equivalent to 1 gram of 99.99% fine gold.The first ever 7200 GOLD was minted on 5th of June 2019 and each of all GOLD token is 100% backed by physical gold stored in secure vault.
At any point in time, the amount of real gold can be verified here https://gold.storage/audits
As it is seen above, the Liquidity of GOLD token is guaranteed.
Long Term Investment In DigitalGold
Digital gold investment is a suitable alternative for investors who want quick profits. Digital gold price fluctuations that are large enough cannot guarantee that investors will get large profits in a short time. As previously stated that the tendency of the price of gold to rise is a fairly long process, meaning that to benefit from the difference between the purchase price and high selling prices cannot be done in a short time. The fluctuations in the price of gold were also influenced by factors of national currency exchange rates against foreign currencies — which is now a hot conversation because it was allegedly going to match the events of 1998 where US $ 1 was equivalent. Another cause is the financial condition of the people of a certain area. When the community is in good financial condition, other investments that promise higher returns in a shorter period of time such as company stock investments look more attractive and promising.
Positive Impact And Marketing Property
Gold is a tender metal, but it solely melts at the temperature of 1065 two С. Many lots tougher metals have lower melting points. Further, gold is a very properly conductor of electrical energy and heat. Of course, you might not discover many heating radiators made out of gold, but it is frequently used as plating for electronic contacts.
Gold is surprisingly ductile: one ounce (less than 30 grams) of this steel can be stretched into a piece of wire 80 kilometers lengthy and ten instances thinner than a human hair. Natural gold thread is used for embroidery and weaving.
The density of gold is additionally high, although it’s no longer the densest of metals. A kilogram of gold is a ball of roughly 4.5 centimeters in diameter.
An quantity of gold as massive as a matchbox is enough for gilding a entire tennis court. In theory, 1 gram of pure gold can be turned into a piece of semitransparent foil (blue-green when you keep it towards the light), that’s one rectangular kilometer in size .
Being soft, gold is challenge to bodily wearing. If you wear a high-karat gold ring all your life, it will turn out to be twice thinner after a few decades.
Human skin doesn’t absorb gold, however woolen fabrics can accumulate its particles. There is a story about a French cashier who would always use a new piece of woolen cloth when he counted gold coins. At home, he would burn it in a frying pan — and ultimately gathered numerous grams of the treasured metal.
Users are free to lift out their due diligence by means of verifying the BullionStar stay audit reports. As such, a 1/3 birthday party audit document is issued on a quarterly basis, for that reason confirming the price of gold being stored.
- High liquidity Digital Gold
The GOLD token ensures high liquidity, considering that the token issuer company, DIGITAL GOLD LTD, also works as a liquidity supplier. Users are permitted to instantly buy and sell large amounts of tokens, by means of the Digital Gold Marketplace, or accomplice exchanges. Another advantage really worth pointing out is that with Digital Gold, customers do now not have to reflect onconsideration on local business hours, due to the fact that the carrier is on hand 24/7. Liquidity is therefore handy on demand, and the prices constantly intently healthy current gold market prices.
- A personal gold possession experience
As briefly cited above, dealing with physical gold entails that customers expose private records to stay in compliance with countrywide regulatory frameworks. The frequent lack of standardization backed by the sheer amount of records collection, has led to the look of a society that is extra privacyconscious. The GOLD token allows for physical gold ownership while remaining private.
- Guaranteed long-term life expectancy of purchased GOLD
Most financial analysts agree that the lifestyles expectancy of gold vastly outweighs our own. This conclusion is backed by the Lindy Effect, a idea that describes how the future lifestyles expectancy of an asset is immediately proportional to its modern-day age. Gold’s occurrence for heaps of years guarantees that the treasured metal will remain relevant for many years to come.
DigitalGold Supported by ERC20
GOLD is a digital crypto foreign money asset (token) backed up by using bodily gold and issued on the etherum blockchain (ERC-20) which is bought each and every time a token is issued and saved securely.
GOLD token is the safe, convenient and quick solution that serves many purposes from investment and portfolio diversification that I mentioned until now in a bid to make sure the safety of each transactions you make as a crypto forex enthusiast as properly as the items you send to your relatives.
GOLD is a transparent financial asset unlike the banking machine with so many secrets, with Gold as a token, the bodily gold purchased via the Gold agency is effortlessly matched in actual time in opposition to the amount of issued Digital Gold tokens. And we solely have atleast 7,200 Gold tokens minted for use.
The gоld token is a ѕtаblе coin аѕѕеt. Stable соіnѕ аrе сrурtосurrеnсу аѕѕеtѕ thаt are hаrdlу еvеr affected through the fluсtuаtіоn of the market. Thus, thеѕе cash dоn’t undеrgо thе rising and fаllіng thаt mоѕt оthеr аѕѕеtѕ еxреrіеnсе. Thіѕ is ѕо bесаuѕе оf thе fасt that thеѕе coins dо nоt stand аlоnе, but are tіеd tо аn асtuаl rеаl lіfе asset, іn this саѕе, thе gоld bаrѕ saved wіthіn thе vaults of thе Digital Gоld Cоmраnу. The Dіgіtаl Gоld tоkеn іѕ аn Ethеrеum-bаѕеd ERC-20 Cоmрlіаnt tоkеn which mеаnѕ іt receives tо lеvеrаgе the first-rate funсtіоnаlіtіеѕ that comes wіth thе Ethеrеum Blосkсhаіn.
DigitalGold Marketplace
This platform is further creating a marketplace for gold business where investors can easily buy, sell and transfer gold. Right on the platform https://gold.storage/market, you will able to buy, sell and transfer gold with GOLD token. The platform also partner with other Exchange in buying and selling of GOLD i.e Cryptex (https://cryptex.net/). The Digital Marketplace are user-friendly and they offer adequate services to the users of the marketplace. This medium will be used to easily facilitate and effectively buy and sell Gold in ease.
More Information DigitalGold :
Website : https://gold.storage
Telegram : https://t.me/digitalgoldcoin
Twitter : https://twitter.com/gold_erc20
Medium : https://medium.com/@digitalgoldcoin
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0xC6F915eDAf2656742D8E692FB45E88734B3dbbbbbb
