DIGITAL GOLD – A DIGITAL MARKETPLACE FOR GOLD 

Assets are primarily bought to bring returns. Similarly, they help the buyer and investor to have some control over the shares of a particular commodity. Gold is one of such assets that many people are literally “willing to die for.” It hardly fluctuates, and the few times it does, it bounces back for good. Likewise, investors can Hold On to Dear Life (HODL) the asset until the values increase before they begin to think of trading it. Such is the case with the asset called gold that many investors are willing to purchase anytime they have the opportunity.

CHALLENGES WITH INVESTING ON GOLD

Is it possible that an asset with a remarkable increase in value would ever fall short of some expectations? Isn’t it ironical that gold still has some challenges that continually set it back? It is indeed true that the global gold market is not in the best of shape because of these challenges. Hence “all that glitters may not really be gold” because you might end up spending your funds without any profit.
The first challenge stems from the centralized system of governance where a select few have access into the inner workings of the industry. The trend has been going on for long to the extent that an average investor and newbie to gold trade may find it challenging to scale through the market.
More worrisome is the fact that it is a fiat business that has no digital background. This shouldn’t continue for long, especially now that the world is already moving at a fast pace, thanks to digital technologies. So, it is only right that the trading of gold can also be extended online. That way, potential investors from across the borders can be able to buy into the market.

INTRODUCING THE DIGITAL GOLD PLATFORM

From the layman understanding, the integration of the concept “digital” already proves that the drive for sustainable online transactions in the gold market is already coming to the fore. Indeed, Digital Gold is an online platform for transacting with gold, but it took premise on the Distributed Ledger Technology (DLT).
The migration to blockchain/DLT is not unconnected to the possibilities of similar offline challenges to come up in the online or Internet-based system. Therefore, investors can now take advantage of blockchain technology to initiate peer transactions that are free of intermediary dominance.

WHY SHOULD I USE THE DIGITAL GOLD PLATFORM?

Now that we’ve unraveled the concept behind Digital Gold, you may now be considering the importance it has for the booming gold industry. Why would you commit to using a new platform that you are not familiar with?
Here are the reasons. Aside from the blockchain and distributed infrastructure that cuts off third parties, the platform also uses the smart contract technology for underwriting the contents of the transaction. That would be sent back and recorded on the distributed ledger for record-keeping. Therefore, the likelihood of fraudulent transactions is limited.

TRANSACTING ON GOLD

As you may have figured out, it wouldn’t be possible to migrate the physical asset (gold) for over-the-air transactions. Then, how can investors purchase gold through the Digital Gold platform?
They can do that by purchasing the native token of the project called the GOLD Token. The token is paired with physical gold that is stored in the Digital Gold's dedicated vaults. So, the purchase of the token gives them direct access to the value of the token in FINE gold.
Also, anytime the investors wish to sell their gold stored in offline vaults, they can always do that by selling the equivalent tokens to another prospective investor.

PURCHASE GOLD FROM DIGITAL GOLD

Blockchain has made many positive impacts on different industries around the world. While it may not be possible (in the immediate) to "map" real-world assets to the network, it wouldn't be challenging to do so by issuing tokenized assets. That is the concept behind the GOLD Token that allows investors to be owners of physical gold when they purchase the token.
So, purchase one today and join the growing list of gold investors on the digital gold marketplace created by Digital Gold.

USEFUL LINKS:
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Telegram: https://t.me/digitalgoldcoin
Twitter: https://twitter.com/gold_erc20

AUTHOR'S DETAILS
Bitcointalk Username: Nwagodno
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2576793