DIGITAL GOLD: A UNIQUE INNOVATION

INTRODUCTION

Prestige comes to mind whenever we mention gold as an asset. As a standard, gold is an asset that is cherished by almost everyone. Among all other things and considerations to be an asset, gold is a great asset that one can have in his/her portfolio and go to sleep without thinking about depreciation in price. Unlike other assets that depreciate within a short space of time and catching owners by surprise, gold does not only appreciate but can easily make one wealthy. All over the world, gold has made countries and many individual wealthy in time past and still creating wealth for many. Among the notable rich men in the past include Mansa Musa, the ruler of the Mali Empire in West Africa between 1312 and 1337. He was regarded as the richest or the richest man that ever live. The value of gold has improved over the years and is still going up until now. Every nation where gold is mined or have abundance of gold can easily be considered as rich and every territory with gold also appears to stand out among others. I have waited for so long to see a realistic connection between blockchain technology and gold and without any doubt that expectation has finally come into place. One can imagine the stability in value this will do to cryptocurrencies market when properly executed. With a great pleasure, I introduce to you the much awaited linkage between physical gold and blockchain technology ‘DIGITAL GOLD’.

DIGITAL GOLD:

Digital Gold makes use of blockchain innovation in the tokenization of gold to make Ethereum-based tokens that are consistent with the ERC20 convention. These tokens are known as the Digital Gold Token(GOLD) which provides liquidity to physical gold of high purity(99% FINE gold) that are securely put away in the organization’s vault.

One Digital Gold Token(GOLD) provides inclusion to one gram of 99.9% FINE gold, hence, its value is the same as the price tag attached to one gram of fine gold. Since gold as a valuable asset is effectively being exchanged on various markets, its value is moderately steady, though some mellow value fluctuations. To make up for these changes, the spot price of gold is used continuously in the buying and selling of GOLD tokens, ensuring that the price of GOLD token is equivalent to the price of real or physical gold. Get more information on this from the official website; https://gold.storage

THE PRICE OF GOLD AND THE CRYPTOCURRENCIES MARKET

Without much doubt, one will easily agree with me that there is great stability in the price of gold and this will, in turn, have great effect on the cryptocurrency market. One of the reasons why many buy gold is to store wealth which means many trust in the stability of the price of gold and that will certainly have a positive effect on cryptocurrencies market.

WHY CHOOSE DIGITAL GOLD?

Having your asset in physical gold comes with it’s own limitations. These include, making an instant purchase or taking care of some financial obligations in times of emergency. With the introduction of Digital gold one don’t have to worry about all these, users of the Gold tokens can still have your money in gold and stable but this time in a form of token on ethereum blockchain, this makes transactions really easy at all times.

CONCLUSION:

There is absolutely no doubt that technological advancement has brought many development and improvement to cryptocurrencies market one of which is DIGITAL GOLD. At the moment, we are witnessing one of the best things that has ever happened to blockchain technology. It will be a great privilege for anyone to be part of this revolution in the early stages as gold enters the digital world through blockchain technology.

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

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