DIGITAL GOLD: A CRYPTOCURRENCY TO REVOLUTIONIZE GOLD DEALERSHIP

Aunty jmary
4 min readDec 27, 2019

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Gold have always been associated with riches since time immemorial. Gold have proven the be a decisive asset to store and show wealth. Whenever there is excess or more gold to be stored by holders, it calls for a great deal of security. Thanks to innovation backed by blockchain technology, all the challenges associated with it are curbed.
The initiative by the team at Digital Gold will take care of those issues.

Blockchain in a broad perspective is a database which stores data in such a way that the components of the database are encrypted and well secured by a set of protocol. Every unit of data is encoded with an amount of information.

Digital Gold-GOLD FOR THE CRYPTO MARKET
With digital gold, customers can store and make payments in good in a very secure manner.
Gold has been used to safeguard riches for many years now. The long lasting nature of gold against all forms of inflation is impressive and hence better than any fiat money.

As digital GOLD is an Ethereum-based ERC20 token, it can easily be used to store, buy, sell or move venture grade gold.

GOLD token is certainly what one needs to buy gold and store it digitally in a very secured vault which also gives assurance of their advantages from high instability and any significant loss of value.

Keys facts about Digital Gold

1 TOKEN is estimated at 1 GRAM OF GOLD 99.99 PURITY

Each GOLD token is guaranteed by physical gold and stored in a secured vault. The gold storage is routinely assessed and can also be confirmed on the web.

Each GOLD token makes use of the Ethereum savvy contract and the value of tokens available is the the total sum of gold bullion stored in the vault.

There is always high liquidity at any point in time as the guarantor of the tokens is a liquidity provider championing the purchase and dealership of a high number of tokens as against the market rate. Token holders can always buy or reclaim tokens at the site or affiliate trading platform.

When it comes to the issue of transfers, there are absolutely no charges on exchanges. Customers can always make installments as they wish. GOLD can be used as a component of daily business trading of the exchange.

Digitizing physical gold also comes with low cost of operation as compared to storing gold at the bank. There are no issues such as challenges associated with managing valuable metals.

Digital gold is 100% represented by physical gold. The value of the physical gold storage can be coordinated against the complete number of tokens at any point in time. All transactions are irreversible and thus there is no real deal to worry about your anonymity as all records are very decentralized through blockchain.

There is great security in holding gold on the platform while staying anonymous. All other platforms for gold dealership require a process where the identity of customers must be revealed at the point of purchase. With digital gold, users only require a wallet address to buy or sell any amount of GOLD. More details can be found on the official website: https://gold.storage

HOW LIQUIDITY IS MAINTAINED?

GOLD can be bought and sold within a short period of time on various exchanges and at the official website. This allows GOLD holders to be in and out of trading at any time but this is a difficult accomplishment to achieve with physical gold in other jurisdictions.

At the moment, customers can save a stake in something that has a proven reputation while staying very in charge.

To ensure the high market liquidity, GOLD agents acts as a market creator on important trades far and wide. This method allows clients to buy and sell a lot of GOLD with ease.

WHERE DIGITAL GOLD IS SOLD
At the moment, digital gold is sold on the project’s official website and exchanges such as Cryptex Exchange and Bitforex Exchange. This ensures gold can be purchased with different forms of cryptocurrencies without any restrictions.

CONCLUSION
This is a great innovation to make gold fully digitized.
The platform for Digital Gold makes it possible for customers to effectively purchase, sell or move their venture.

For more information about Digital Gold, please visit:

Website : https://gold.storage

Whitepaper : https://gold.storage/wp.pdf

BTT ANN: https://bitcointalk.org/index.php?topic=5161544

Telegram : https://t.me/digitalgoldcoin

Twitter : https://twitter.com/gold_erc20

Medium: https://medium.com/@digitalgoldcoin

Reddit: https://www.reddit.com/r/golderc20

PROOF OF AUTHORSHIP
https://bitcointalk.org/index.php?action=profile;u=2511518

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Aunty jmary

Am just a simple blogger or you can call me a writer. Am just excited about the adventures of life. Be human®