DIGITAL GOLD:exceptional innovation

INTRODUCTION

There is only one thing that comes to mind when we mention gold and that is an asset. On all standard, gold is an asset to everyone that has it. Among every other thing consider to be an asset, gold is one asset that you can have in your portfolio and go to sleep without bothering about depreciation. Unlike many other an asset that can depreciate withing some time and make the owners poor, gold will not only appreciate but can make you wealthy. Gold had made countries and so many individual wealthy in the past and still making creating wealthy for many now. Among the notable rich men in the past is Mansa Musa, the ruler of the Mali Empire in West Africa between 1312 and 1337. He was considered to be one of the richest or the richest man that ever live. The value of gold has grown over the years and is still growing up until now. Every nation identify with gold appear to be rich and every territory with gold appear to stand out among others. I have waited for so long to see a genuine connection between blockchain technology and gold and without any doubt that expectation has materialized. You can imagine what the stability in value will do to cryptocurrencies market if properly connected. With strong enthusiasm, i introduce to you the awaited connection between gold and blockchain technology 'DIGITAL GOLD'.

DIGITAL GOLD:

Digital Gold utilizes blockchain innovation in the tokenization of gold to make Ethereum-based tokens which are consistent with the ERC20 convention. These tokens called the Digital Gold Token(GOLD) serve to give liquidity to physical gold of high purity(99% FINE gold) which are securely put away in the organization's vault.

One Digital Gold Token(GOLD) gives inclusion to one gram of 99.9% FINE gold, thus, its value is identical to the cost of one gram of fine gold. Since gold as a benefit is effectively being exchanged over various markets, its value is moderately steady, though some mellow value vacillations. To make up for these variances, the spot cost of gold is used continuously in the acquiring and selling of GOLD, guaranteeing that the cost of GOLD is pair with the ongoing cost of gold.

EFFECT OF THE PRICE OF GOLD ON CRYPTOCURRENCIES MARKET:

Without any doubt, you will all agree with me that there is stability in the price of gold and this will, in turn, have stability effect on the cryptocurrency market. One of the reasons why many purchase gold is to store wealth which means many believe in the stability of the price of gold and that will surely have a positive effect on cryptocurrencies market.

WHY DIGITAL GOLD?

Having your asset in gold can bring some limitation on.making an instant purchase or taking care of some financial responsibilty at a spot but with the introduction of Digital gold you don't have to worry about all these, you can still have your money in gold and stable but this time in form of token on ethereum blockchain, what a way to make life easy.