Everyone can understand the value of gold for the present life. For thousands of years it has always been regarded as an irreplaceable property of man. For a long time, everywhere in the world gold has always been used as a storage asset. Because of the beauty, and rarity of gold, the value of this asset has increased.
At moment the commodity market is on the upward trend, especially the gold market. In the face of tense news about the financial situation between the two major economies of the world, the global economy is experiencing unpredictable changes. To ensure your own assets, gold will always be the first choice.
Along with the fluctuation of the world’s financial background, the crytocurrency market is also facing certain obstacles. But looking at the reality, we can see that the crytocurrency market is still a very potential place for investors. With the foundation of blockchain technology, this is a technology that is showing its power and influence in many areas of life. With good applicability to deploy many projects and it is a new trend for global finance.
On the financial basis as above, today I would like to introduce to everyone a project that has all the same elements. That is Digital Gold.
Digital Gold is a stable coin project, meaning that every coin of Digital Gold project will be secured by the value of real gold. This is a great thing because very few projects on Blockchain guarantee their value with a kind of asset like gold. You may know projects like tether are guaranteed by the dollar, and now we have the Digital Gold secured in gold. Digital Gold is a blockchain-based project, via the ERC-20 Ethereum-based GOLD token.
The token is pegged to the value of the gold spot price, thus also acting as a
stablecoin. This makes it useful for protecting against market volatility on the
cryptocurrency market, while also allowing users to benefit off long-term gold
According to the information I find out, the project is currently prescribing that 1 Gold token will be equivalent to 1 gram gold. And another great one the GOLD token community can utilize the Digital Gold Marketplace to
instantly purchase and/or sale the token. As the parent company is also a
liquidity supplier, users are free to carry out as many transactions as they wish, with no additional costs apart from the yearly service fee and the general “ gas” cost for Ethereum-based transactions.
You can visit it now https://gold.storage/market to exchange Gold tokens with electronic currencies like bitcoin, ethereum. You can also exchange Gold token at https://cryptex.net/trade/GOLDUSD. I firmly believe that the liquidity of the project is extremely good.
The GOLD token has been designed to act as a stablecoin, pegged to the price of gold. The user tokens are protected against high-market volatility, the value of the tokens remains stable through time. Apart from being a stablecoin, the GOLD token is an ERC-20 compatible token that is based directly on the Ethereum blockchain. Users can expect to leverage all of the advantages associated with the Ethereum blockchain, including instant transactions, immutability, fund security, automatic records, and smart contract functionality. As such, any purchase of the GOLD token is carried out via Ethereum-basedsmart contracts. Additionally, smart contract functionality also ensures that the number of coins in circulation remains equal to the amount of gold being stored in the vaults. Its open source code provides an even higher degree of trust, granted that tokens based on the ETH blockchain cannot be directly controlled by any centralized entity once they have been put into circulation. Granted that it runs on-top of the Ethereum blockchain, the GOLD token can be stored on a multitude of token-compatible wallets (MyEtherWallet, MetaMask, Guarda, Ledger Nano S, Trezor ).
As I see this project is gradually showing the access of technology to real life, with just a little understanding of electronic money use you can own assets of equal value. like gold. This is really a great thing for the development of today’s technology, and projects like these need to be supported to be able to grow in a longer and more powerful way. To better understand this project you can search for information related to the project through the following channels:
WHITE PAPER: https://gold.storage/wp.pdf
This article was written by chillandrew1511
My eth address: 0x878cd8b84aec8295d83d0785d99b7c12894384c9
Thanks for your interest in the article !