DO YOU WANT TO TRADE REAL GOLD? IT IS NOW POSSIBLE WITH DIGITAL GOLD
We mustn’t forget what Gold is, and the value that it holds.
Irrespective of the fact that the physical Gold is almost out of use by the general public, its value still remains very significant, as it was used to as a store of value in the olden times and even in the world today, of course just for a selected few who are able to bear the risk.
Gold, being a very important element, should not be left to go extinct as it has a lot of benefits that it could offer the world, in improving the global financial system.
But come to think of it, what makes Gold seem abandoned despite its great value?
To give a quick answer to that, some of the nagging challenges of the real Gold being used in trading are…
Insecurity issues associated with trading with real Gold, as the trader becomes a target of and could end up losing their entire Gold assets to thieves, am sure no one would want that.
Complications present in trading of Gold, seeing as it is a very difficult task trying to purchase or sell real Gold in the market today.
The lack of storage facility for physical Gold is another challenge because a lot of traders who would like to dive into the Gold market are dissuaded by the fact that they do not have a suitable storage facility for their Gold asset.
So, after considering all these risks and challenges, traders decide to settle for a more familiar and safe market.
Well, all these are history now, as the DIGITAL GOLD platform has created the possibility for the Gold market to make a great comeback.
For those who know so little about the Digital Gold platform and those just hearing about it for the first time, don’t run away just yet because this is for you…
A CLEARER VIEW OF THE DIGITAL GOLD PLATFORM
I know that before now, we never thought it was possible to carry out transactions in Gold. I never thought so too, until the Digital Gold platform, now you can do more than just carry out transactions in Gold, thanks to Digital Gold.
Let me show you how it works…
DIGITAL GOLD utilizes blockchain innovation in the tokenization of gold to make an Ethereum-based token which gives liquidity to physical Gold of high purity(99% Fine Gold) which are securely put away in the system’s vault.
The vault is inspected by BullionStar a storage company, with which the task has gone into an organization. This is to guarantee straightforwardness and to check that the Gold is securely stored.
At whatever point any gram of Gold is tokenized, a corresponding measure of gold is physically dedicated to the organization’s vault and the measure of Gold put away can be confirmed at some random time.
Since the procedure of token buy is constrained by savvy agreements and safely put away on the decentralized framework of the blockchain, exchange subtleties can’t be modified, guaranteeing further responsibility and straightforwardness.
A Gold Token buys one gram of 99.9% Fine Gold, consequently, its cost is comparable to the cost of one gram of Fine Gold.
Since Gold as an advantage is effectively being exchanged over various markets, its cost is moderately steady, the Gold token is a stablecoin directly linked to the price of real Gold.
Digital Gold offers various focal points both to the market of Gold, financial system and the digital money showcases, some of which are…
LIQUIDITY FOR THE STORED REAL GOLD
Digital Gold takes into consideration Gold safely put away in the vault to even now be effectively utilized for monetary exercises.
Gold could be utilized to make buys, settle obligations and significantly more, guaranteeing that in spite of the fact that the physical resource is safely put away, its incentive as a medium for trade and settlement is rarely lost.
SECURITY AGAINST FALL IN THE CRYPTO MARKET
Being a stablecoin guarantees that it does not lose its market value, hence the holders of the Gold token are not constrained by the price volatility which affects other coins.
SEAMLESS PURCHASE AND OWNERSHIP OF REAL GOLD
Acquiring gold requires a great deal of desk work and a somewhat protracted procedure, this is asides the expense of verifying the physical gold itself.
With the Gold token developed by Digital Gold, it simple for financial specialists to buy genuine Gold just by utilizing any web empowered gadget with no issues or legitimate administrative work, making it simple for people to put resources into the gold.
EASY AND FREE TRANSFER OF GOLD
The Gold token being given on Ethereum can undoubtedly be moved with no installment of exchange charges being required by the Digital Gold platform, aside from the insignificant gas fee charged by the Ethereum Blockchain.
THE DIGITAL GOLD COMMERCIAL CENTER
To encourage further liquidity, the Digital Gold platform has built up its commercial center for the simple buy, deals, and the trading of the Gold token for different digital currencies. Applicable data on the costs of gold and different cryptographic forms of money like continuous costs and graphs can without much of a stretch be gotten to empower clients to settle on educated exchange choices
To summarize this,
Digital Gold platform has made it possible for even the masses to purchase, store and own real Gold.
All these benefits provided by this great platform is just the beginning, as it is set to bring back the Gold market and boost the Blockchain industry in the process.
For more information, navigate to the links below…
Author: cjaykalu
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2563026
