GOLD BENEFIT
Gold has traditionally been seen as a store of value, precisely because it is not subject to the whims of governments and central banks as currencies are. Gold prices are not influenced directly by either fiscal policy or monetary policy and will always be worth something — unlike a currency that can end up being almost worthless because, for example, of rampant inflation.
The main purpose of the Digital Gold project, is to create an Ethereum-based,
ERC-20 token that users can leverage to easily buy, sell, trade, store, or transfer
investment-grade gold. These actions can be carried out conveniently and
securely, while preserving user anonymity.
It is essential to keep in mind that the ERC-20 GOLD token is backed by physical
gold, stored in the company’s secure vault. As liquidity is guaranteed, the token
takes the form of a stablecoin, since its price is directly linked to the current
gold spot prices.
Features of Digital Gold
1. Secure gold possession
The provokes identified with buying and putting away gold have been quickly plot above. The procedure for the most part includes a considerable amount of issue. To buy gold, the individuals who are intrigued need to locate a solid provider, handle administrative work, and afterward continue to make sure about the recently bought valuable metal. Facilitating it in a bank is a protected decision, yet it includes significantly more administrative work, nearby capacity charges. The inalienable threats related with putting away gold at home are notable, since right up ’til the present time, thievery stays an issue that society needs to secure against.
2. The chance to broaden portfolios, and keep riches in a place of refuge
The current cryptographic money economic situations typically include unstable cost swings, along these lines giving all buys a high-chance factor. The greater part of the at present-accessible coins are not trusted to keep their incentive over the long haul, as the market is still in its early stages.
3. High liquidity Digital Gold
The GOLD token guarantees high liquidity, since the symbolic backer organization,
Advanced GOLD LTD, additionally fills in as a liquidity provider. Clients are allowed to in a split second buy and sell a lot of tokens, by means of the Digital Gold Commercial center, or accomplice trades
4. Ensured long haul future of bought GOLD
Most budgetary examiners concur that the future of gold incomprehensibly exceeds our own. This end is upheld by the Lindy Effect, an idea that depicts how the future of a benefit is legitimately corresponding to its current age. Gold’s predominance for a large number of years ensures that the valuable metal will stay important for a long time to come.
Digital Gold Token Analysis.
GOLD token has been intended to go about as a stablecoin, pegged to the cost of gold. At the point when it comes down to stablecoins, they are for the most part pegged to different resources or monetary standards, but at the same time are collateralized.
