Continue to learn more about DIGIGAL GOLD

Hello everyone! today I will continue to introduce you to GOLD, specifically the newly launched gold coin on May 15, 2019, the characteristic of the gold coin is a kind of physical stablecoin gold backed by gold. Yes it is Digital Gold, what is Digital Gold?
Digital Gold is a blockchain-based project, designed to encourage the digitalization of the financial markets, and their afferent investment instruments. It hopes to achieve this by enabling users to purchase coverage in physical gold, via the ERC-20 Ethereum-based GOLD token. The project holds numerous advantages for its users, the gold market, but also for blockchain technology as a whole. What is ERC-20 Ethereum and blockchain? I will explain to you below.

What is a coin?

The coin is an ERC-20 token based on Ethereum equivalent to one gram of ninety-nine percent pure gold stored in a secure vault. Digital Gold group, including high-level blockchain, finance, asset management, IT and legal experts, has invested months of hard work to implement this launch. In which: "ERC-20 is a technical standard used for smart contracts on Ethereum Blockchain when releasing Token. ERC20 stands for" Ethereum Requetst For Coment "this technology is an improvement. Proposed experts have been officially accepted in the Ethereum Network system and this system has a unique ID code of 20 "," and Ethereum is a Blockchain platform, and ETH is a currency in the foundation of Ethereum ". There is a fact that:
When it comes to Ethereum, many people who equate it are ETH. However, it is not! I will explain to you more clearly about this issue right below:
Ethereum is a Blockchain platform that adds Smart Contract functionality. Developed by Vitalik Buterin in late 2013. ETH, also known as Ether, is the currency in the Blockchain system of Ethereum. This is what you can trade on the current exchanges. Summary: Ethereum is a Blockchain platform, and ETH is the currency in the foundation of Ethereum.

GOLD is a digital electronic money asset backed by physical gold, purchased every time the token is released and stored in a secure vault in Singapore. GOLD is a safe, convenient and fast solution that serves a variety of purposes from investment and portfolio diversification to safe transactions and gifts for your loved ones. GOLD is a transparent financial instrument, in which physical gold is bought by our company easily in real time relative to the number of tokens issued. Talk about blockchain again its application in the Digital Gold project allows for several innovative features, including, but not limited to: instant, low-cost transactions carried out via the Ethereum blockchain, immutability for all confirmed transactions (no chargeback risk), overall network security and protection from cyber-attacks, smart contract functionality (propping an instant gold purchase for each token bought), market transparency, support for all ERC20 wallets, and support for trading the GOLD token on partner exchanges.

Also, what is GOLD coin?

Gold coin (GOLD) is a stablecoin for daily use just like for value preservation purposes. When you buy GOLD, you buy the corresponding amount of gold bullion stored in a secure archive. Here are some features that make the token unique:

Separate physical gold while still in private. No need to disclose your personal information required to purchase physical gold at a bank or vault. Store value in properties with a proven track record for thousands of years. The unprecedented long-term purchasing power of gold has made it the safe asset of choice and prevention against market volatility. Free transactions. You can make as many transactions as you like. The only cost is a small percentage that is calculated daily on your balance to switch to physical gold storage in the vault. Unlimited purchase or sale. Digital Gold is a large liquidity provider that allows buying and selling large numbers of tokens at our website or partner exchange. High liquid. Trading is immediate. The token holder can immediately buy or sell token at our website or exchange partner. Redemption is guaranteed. Digital Gold ensures that all tokens that you own will be redeemed by us at spot gold prices.

How will gold be stored?

Digital Gold uses only pure 99.9% real pure gold stored in a specially qualified security warehouse to store precious metals. It will never store gold using gold trading funds or gold limits. Of course it will be strictly controlled emissions. Digital gold will only issue new tokens if the corresponding amount of gold is available in the vault. All stored gold is audited with reports available to the public. With this in mind, customers can use the platform to instantly purchase the GOLD token, each coin being equal to one gram of 99.99% FINE gold that is stored in the company’s vaults. As such, the tokens enable users to indirectly use gold to make monetary transactions, or to leverage it as a wealth storage method. This is achieved without requiring users to follow complicated procedures. 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 price uptrends. Liquidity is ensured at all times, granted that independent live audits can be verified to cross-check the number of tokens in circulation, with the amount of vault-stored gold. The digitalization of gold is bound to also increase the worldwide appeal of the precious metal, which has been sought for and used by mankind for thousands of years. The cross implementation between gold and blockchain technology serves as yet another successful use case scenario, showcasing blockchain’s potential in revolutionizing the financial market.

With the above features, I only have three words for Digital Gold that are great, transparent and creative. Digital Gold is truly expanding its platform to become the best electronic currency in the world. Wish they could be even more successful.
Thank you for reading through my article, see you in other articles.
If you are interested in having a Gold stable coin, you can visit the website: https://gold.storage/
Do research before you choose to save your assets in the form of Gold tokens by looking at the information on the whitepaper: https://gold.storage/wp.pdf

Author
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ETH: 0x46E4eee48984eCDbBE35072f7e12b2954fc0FB09