Digital Gold Token: A Stable coin with a real-time property evidence and included market

Ampere
6 min readDec 9, 2020

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Digital Gold as a platform has been of super interest to me as it serves as one of the gateways to introduce crypto currencies to mainstream traders. I even have written reviews on how to make use of the platform, its advantages, and issues it solves.

As a robust believer in its inherent potential as a sustainable method of investing in gold while serving as a hedge for crypto currency buyers, I researched new approaches in which I should upload price to the Digital Gold community.

As a first step, I conducted a primary SEO test and a google search to decide the venture’s on line visibility.

My Discovery — Gold Stablecoin challenge deserves to be seen!

One of the things that caught my interest was the truth that the online presence of the platform turned into not very mind-blowing, to say the least. I got here across a platform with a comparable call but pretty distinctive in various components as a way to be mentioned.

Digital Gold employs a honestly defined fee gadget with every GOLD token being equal in fee to one gram of 99% great gold. This makes it easy to sincerely define investment and holdings based totally on the wide variety of tokens purchased. The other undertaking, but, did not provide a absolutely described price device in phrases of unit token fee.

Digital Gold is a blockchain-primarily based undertaking via the ERC-20 Ethereum-based totally GOLD token, designed to inspire the digitalization of the economic markets, and their afferent funding gadgets. GOLD Ethereum-based totally ERC20 token is a handy and on the spot manner to shop, purchase, sell or switch investment grade gold, GOLD token is exactly what you need to buy gold and store it digitally with whole anonymity and assured safety of your property from high volatility and lack of cost.

Digital Gold is a ambitious and innovative challenge, that is supposed to bridge the gap among gold and the virtual surroundings and make use of blockchain generation to alternate, keep and use gold, through techniques which are without difficulty understood and implemented. So that gold can now act as a way of charge for all varieties of transactions.

  1. Compatibility: One of the most important variations I observed become that the undertaking had its pockets- a plus I need to say till I found out it didn’t say whatever approximately the nature of the project’s token. Digital Gold, however, troubles an ERC20 compliant token with the ticker GOLD and is compatible with several ERC20 compliant wallets like Metamask, Imtoken, and Trezor simply to mention some with its personal pockets for android and iOs in development.
  2. Transparency: In one among my previous articles, I mentioned some fundamental problems related to transparency and how Digital Gold tackles the ones troubles.
    It is surely that any investor searching for to utilize the offerings of Digital Gold or any comparable service will want to verify whether or not or now not the gold purchased is bodily devoted to the vault.

Digital Gold employs the services of its companion BullionStar in verifying the vault’s content via ordinary audits which are posted on line. The other task, however, does now not have any transparency/audit degree in vicinity, creating room for doubt as to whether or now not the bought gold is vaulted.
Partnerships — How your community translates on your net really worth.

Within the corporate global and blockchain area, it is in reality that partnerships are very applicable in constructing healthful commercial enterprise networks which divulge initiatives to new customers/users which helps further growth. While Digital Gold has the official BullionStar — a leading emblem within the rare metal marketplace as a accomplice, I turned into not able to find any partnerships for the alternative venture.

Digital Gold also serves as an nameless and more green way of buying and investing gold with out losing the economic capabilities of your investment in contrast to conventional methods of making an investment in gold.

Digital Gold also has a local marketplace to facilitate seamless purchases and exchanging and prices no transfer fees. It employs relaxed generation in making sure investment safety by way of making sure that all interactions are processed at the Ethereum infrastructure via clever-contracts.

What Features Distinguish It From The others?

  • A low-cost token that involves no transfer fees
    designed to be both comparable, or lower than the prices related to storing gold at a depository or bank. Users can expect to pay a zero.99% annual garage rate.

The possibility to diversify portfolios, and preserve wealth in a secure haven gold is one of the international’s safest belongings to personal, The GOLD token can be without difficulty and immediately purchased, sold, and traded.

  • High liquidity: The GOLD token guarantees high liquidity, for the reason that token issuer company, DIGITAL GOLD LTD, also works as a liquidity dealer.
  • Guaranteed long-term lifestyles expectancy: of purchased GOLD lifestyles expectancy of gold hugely outweighs Gold’s incidence for heaps of years ensures that the valuable metallic will continue to be relevant for many years to come.
  • Secure gold ownership: These demanding situations can be unnoticed with Digital Gold. With the GOLD token, clients purchase coverage in actual gold, stored by the organization in secure vaults. All bodily gold is insured, therefore the dangers are minimal. All risks are covered at full alternative value.

GOLD token has been designed to act as a stablecoin, pegged to the rate of gold. When it comes down to stable coins, they are typically pegged to different assets or currencies, but are also collateralized dan backed by belongings which are saved in agency reserves, This way, user tokens are blanketed.

Stablecoin with real-time property evidence and included market

Advantages

  • NO TRANSFER FEES
  • HIGH LIQUIDITY
  • LOW COST
  • SECURE
  • PRIVACY

1 TOKEN = 1 GRAM OF GOLD 99.99 PURITY All GOLD tokens are sponsored by bodily gold stored in a comfy vault. The gold saved is audited in actual-time and can be established on-line. Every GOLD token is issued the use of Ethereum smart settlement and the quantity of tokens in stream usually equals the full amount of gold bullion held in vault.

Conclusion

To so that it will reach a larger marketplace — each crypto currency and gold traders, it’s miles vital for Digital Gold as a platform to appoint the services of expert digital entrepreneurs and influencers to force site visitors to their social media channels while growing an interesting on-line community.

Featuring the platform in pinnacle media courses like Forbes, Yahoo Finance, CCN, CoinTelegraph, Investing.com, and Hackernoon that have a massive reader-base could show worthwhile in bringing Digital Gold to the eye of potential investors.

Also, the inclusion of extra incentivized community sports directed closer to growing the net presence of Digital Gold might serve to in addition boom the venture’s on-line visibility.

Realizing that every one amazing matters take time, I consider that within the nearest destiny, Digital Gold becomes one of the maximum favored approach of making an investment within the highly liquid and worthwhile gold markets.

You can visit the following exchanges to buy or trade Gold:

Bitforex exchange

For more details; Use the links below

Website: https://gold.storage/
Telegram: https://t.me/digitalgoldcoin
Twitter: https://twitter.com/gold_erc20

Author: Ampere
https://bitcointalk.org/index.php?action=profile;u=111907

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