WHY GOLD TOKENS ARE EXCEPTIONAL!
It is no longer news that there have been many projects that have brought up several ideas based on physical gold, projects that have attempted to develop a sustainable and enabling crypto currency tokens guaranteed by Gold. But all this failed due to one problem or the other that have its roots from different angles.
For instance, there have been projects in the past that claimed to be gold backed, and stored in a vault, but they ended up failing their customers.
Most of these projects largely failed since they belonged to a group of gold projects that believe they need capital from potential investors before they can begin operation, which led them to the situation of PRE - ICO, ICO & other means of fundraising.
From my experience in the world of cryptocurrencies, I have not seen or heard a stable coin conduct an ICO and become successful, this is the reason why most projects collapsed for creating a stable coin in that manner.
Some projects failed because they ended up complicating themselves with unnecessary things. For instance, most projects also collapsed since they decided to set up their own blockchain, their own security software and native wallets, which are complicated and this ended up as losses of funds from investors.
At most points in time, this kind of special blockchain wallet may end up in faulty private key and loss of assets, lack of liquidity and there are some instances of transparency.
When it comes to token supply, most gold pegged crypto currency tokens failed largely due to hype and falsehood. Most gold projects would mine total supply of 1,000,000 or 10,000,000 meanwhile they have just 500 grams of real gold in their vaults, this ends up ruining their projects.
HOW CAN GOLD BASED CRYPTO CURRENCY SURVIVE?
The tremendous growth and massive development of bitcoin and its dominance over the past years has made trading of gold tokens much more realistic. This has made gold tokens safer and incredibly less volatile.
Most cryptocurrency enthusiasts will agree with me that Digix Global (DGX), Global Gold Cash, Royal Mint Gold (RMG) etc are all examples of gold based crypto currency, but most of them are not popular due to their complicated blockchain that restricts certain individuals who have less knowledge when it comes to blockchain technology. This is the reason why Digital Gold is unique in this respect.
Gold token is not only unique in all respect but also realistic, the digital gold token is not only backed up by Gold but it is also decentralized unlike other gold ventures, and it makes use of the ethereum decentralized blockchain for its operation and this makes it easy for all investors, users, and traders to make use of the GOLD tokens.
Unlike other gold based products, you do not have to worry about storing DIGITAL Gold token, since one can easily do that using all ERC-20 supported wallets such as imtoken, trust wallet, and other compatible ethereum wallets.
The Digital Gold token is very trustworthy and transparent, which has an unlimited supply of 9,200 tokens as at now since it can always be expanded.
The 9,200 tokens = 9,200 grams of real gold stored in Bullion Star Vault and can easily be verified by visiting:
* https://www.Bullionstar.Com/myaccount/audit * Tracking details: 17081
To further highlight on the uniqueness of Digital Gold token, the only thing one need to become a physical Gold owner is very simple.
First and foremost, the potential customer needs a secured erc-20 wallet and a protected private key. The next step is to get some bitcoin or ethereum as funds to buy some GOLD tokens.
Prospective customers can buy GOLD tokens on https://gold.storage/marketplace and also by visiting any of the exchanges below;
Bitforex: https://bitforex.com
Cryptex: https://cryptex.net/exchange/GOLDUSD
Catex: https://www.catex.io/trading/GOLD/BTC
Consbit: https://coinsbit.io/trade/GOLD_USD
Livecoin: https://livecoin.net/en/trading/GOLD_BTC
For more details about Digital Gold, please visit:
Website : https://gold.storage
Whitepaper : https://gold.storage/wp.pdf
