Digital Gold: Using The Innovative Blockchain Technology To Digitalized Gold
Physical gold is one of the intrinsic valuable asset that has been in existence through many stages of human civilization. And with each of these stages, its worth and relevance has never in anyway deteriorate. Gold are always saved in a protected place because it's something that everyone desires to have. Most times, it is stored in banks because they are one of the few locations that have legal jurisdiction over gold storage but the truth is that it is not always easy to do so because it comes with some requirements and conditions that are not always easy to abide with especially with an average individual.
This requirements often involves going through some rigor KYC process which is not always easy to pass but even with all these, many still don't have any option than to opt for this because it's the one very close to them that they can use to stored their gold assets. This storage difficulty of gold has made it to be a restricted investment to only few individuals, I mean just the few that are ready to go through all the rigorous processes. An average individual has given up on this for a better open market with less bureaucracies and this is the driven force behind the creation of Digital Gold project which is the basis of this article.
What is Digital Gold?
Digital Gold is a blockchain platform which bring the use of erc20 token to represent real physical gold with the same value per time. With this initiative, an individual can buy this tokens and become an owner of real physical gold without having to go through the rigorous processes needed to buy or store gold in conventional places. With the platform, all you need to do is to buy this digitalized Gold tokens with Bitcoin or Ethereum on their website or through third-party crypto exchange.
The ticker of the token is GOLD and the worth of a single token is one gram of 99.9 percent of real physical gold. You may wondering how this is possible but am assuring you that the team has worked on this, they do so by ensuring that for any single token that is added to the system, there must be a corresponding real physical gold for it in their vault. This is very important in order to ensure that no issue arise in the future if there is more token in circulation than the current gold bar available. To guarantee this, the project has initiated partnership with a third-party Bullion company and this is the company that will be going to be doing checks and balances and also the auditing of the platform to see if the gold value correlate with the token in circulation. With this, those hold the token will have rest of mind that they're not just investing in the dust and whenever they want to liquidate their investments, their will be corresponding gold available for it.
Advantages of Investing in Digital Gold
A No Transfer Fee Mесhаnіѕm:Let me amaze you that any transfer of gold token within the platform is absolutely free without no fee no matter the worth of the token. This is absolutely amazing and it is one thing that many will want to explore and experience.
Frее Aѕѕеt Sесurіtу: Having this token means that you have real physical gold as I have indicated before that each token is being backed by 99.9% of real physical gold. Therefore with this, it means that you will be enjoying storage of their gold assets without paying for storage and security of it which cannot be found in traditional gold storage services. In this conventional platforms, you will have to pay huge fees to store your gold, charges and some hidden security services fees.
Thе Gоld Tоkеn
This token is a stable coin like USDT and we known that stablecoins don't suffer the volatility fate of cryptocoins and they are being used to hedge against volatility. The most popular of them is Tether which is backed by USDT. The price of stablecoin is always stable and they don't always go through the ups and downs of other cryptocurrencies. The reason why they are stable is because they are backed by non-volatile real tangible assets, tether is backed by USD while Gold token is backed by REAL PHYSICAL GOLD. It is an ERC20 token and can be stored in any erc20 wallet like Trust, Imtoken etc.
Roadmap
My Final Submission
From all what I have said about this amazing project, it's right for me to conclude that this is a real project that is here to stay and not just an average hype crypto project that are only interested in swindling investors. Also, through this everyone now have access to invest in gold which is always very hard to do before. Digital Gold has eradicate all the bureaucracies that comes with investing and storing of real physical gold. This platform can also be used by crypto investors to edge their coins and against volatility in order to keep his value per time. Through Digital Gold, you enjoy the benefits of investing in gold and also enjoy the benefits of hedging your crypto assets against volatility, this is simply amazing!
Avail yourself with more information about the project by checking any of the following links below:
Official Website : https://gold.storage/
White paper: https://gold.storage/wp.pdf
Telegram: https://t.me/digitalgoldcoin
Twitter: https://twitter.com/gold_erc20
Medium: https://medium.com/@digitalgoldcoin
ANN thread: https://bitcointalk.org/index.php?topic=5161544
Writer's Details
Bitcointalk Username: Ifezanku
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2587908