DIGITAL GOLD PROJECT

hykenz ululul
4 min readSep 27, 2019

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Starting from being used as a currency, extra and more humans in the world are glorifying the fee of gold. More and more humans are amassing gold and looking out for gold mines. But over time its function as a forex started out to shift and was once changed with paper money. But, that does not mean the characteristic of gold is totally abandoned at this time.

A range of governments from quite a number components of the world use gold as a measure of the cost of their currencies.

Because of this gold standard, human beings who have gold can come directly to the bank to exchange it immediately for money worth the gold they have. So if you have 1 gram of gold, you can at once come to the bank to alternate it for cash

for all that there are some deficiencies located in physical gold, such as a high risk of loss, fluctuating prices, very little have an effect on on the actual economy, prices have a tendency to slow down when financial stipulations are stable, and others. Therefore I propose Digital gold, because digital gold is safe, simple, and steady , digital gold uses a blockchain platform that makes digital gold obvious and decentralized. Applying to this digital gold applying transactions made thru a blockchain known as ‘ethereum’ can set off the whole, and have a complete community security.

This digital gold using ERC20 based on ethereum can make it easier for you to store, buy, sell, or transfer gold within 24 hours that has complete anonymity and guarantees the protection of your assets from high volatility and loss of value.

How to Buy Digital Gold Token On Their Platform

For the review this time I will give an example to buy Digital Gold with Bitcoin, Overall all steps for selling the Gold are almost the same and I’m sure you will understand after reading this Gold Buying step.

First, if you want to buy Gold in the form of Tokens, you need to prepare a coin (Bitcoin or Ethereum) and do a calculation on their marketplace platform to get the desired results and click the exchange button afterwards.

Second, after the calculation process is complete, you need to fill in several columns of information for your details. You need to write the bitcoin / ethereum address that you will use to send bitcoin / ethereum to the address that will be requested later, you also need to fill in the ERC-20 Address to receive the Gold token after all the transaction processes are completed and also you need to fill in the Email column to receive more details of your transaction, last, slide their Tos Agreement.

Note: I suggest you use the Main Bitcoin Wallet (Blockchain.info, Bitcoin QT) and use your favorite ERC-20 Wallet (Myetherwallet, IMTOKEN), I suggest not using the exchange address.

Why you need to choose Digital Gold ?

Stable
Actually digital gold is the same as bodily gold supported by actual bodily gold which has a price of 1 tokenis : 1 gram of gold 99.99 purity. every gold token is issued using smart contract ethereum and the amount of the token is constantly the equal as the complete quantity of gold bars stored.
Secure and Anonymity
You don’t need to use your actual identity due to the fact this digital token is sufficient to use your ethereum tackle only. digital gold adjusts the amount of physical gold saved that is adjusted to the total grant cited in the clever contract. and all transfers can’t be recovered or blocked or hidden because they use decentralized blockchain technology.
Easy and Simple
By using digital gold you do no longer want to use highly-priced prices to pay taxes from banks or others. You are not charged any charges when making transfers, purchases or income because it uses the ethereum platform and there is no limit to transactions.
Transparent
The advantages of the ethereum blockchain that can send transactions shortly in the course of the world additionally furnish transparency to all counterfeiting or pooling of dollars (corruption) that occurs in the bodily gold device can be averted through the ethereum blockchain itself.

CONCLUSION

GOLD gives people hoping to profit by investing into gold with a profoundly liquid alternative which likewise furnishes them with a chance to use the advantages of blockchain innovation which takes into consideration fast, trustless, transparent and secured transactions.

For more information about the project visit:

Website: https://gold.storage/

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

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

Telegram: https://t.me/digitalgoldcoin

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

Twitter: https://twitter.com/gold_erc20

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

Bitcointalk username: Daniwahyu007

https://bitcointalk.org/index.php?action=profile;u=1074926

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