Digital Gold Stablecoin First 100% Liquid Stablecoin Backed By Gold
Dear friends, today I will continue to introduce you a project called DIGITAL GOLD. This project is known through a friend of mine, and I will tell you some information about this project.
This project is the perfect combination of Blockchain technology and physical gold. The project was created by a team of experienced professionals in many areas: blockchain technology, economics, finance, international transactions, …
When it comes to investing in gold, investors now have many different options, from gold ETFs, to gold stocks, or even to buy physical gold. But what exactly is the purpose of gold? And why should investors invest in the gold market?
It is these two questions that have created two groups of opposing gold investors over the past several decades. One group said that gold is simply an ancient relic, no longer as powerful as before. In a modern economic environment, where paper money is the most popular, the reality is that the only benefit of gold is the material that makes jewelry.
On the contrary, another group claims that gold is a diversified intrinsic value, making it so unique and essential that investors put it into their portfolio.
To understand the purpose of gold, we should return to the starting point of the gold market. Although the history of gold began in 3000 BC, when the ancient Egyptians created jewelry, it was only in 560 BC that gold was considered a currency. At that time, merchants wanted to create a standard and easy-to-exchange form of currency that could simplify purchases. Meanwhile gold jewelry has been widely recognized and used across the globe, so creating a gold coin engraved seems to be the answer to the first question.!
One ounce of gold was worth just $39 in 1970. Year after year prices of gold have reached new highs. in 1980 the price of gold reached $843 per ounce and on November 01, 2019, one ounce of gold was valued $1,509.
People are afraid to invest in gold because they are afraid of losses. The price of gold changes every day. It is a volatile asset. The value goes up and the value goes down. It is in human nature to try and prevent losses rather than making a profit. The market dictates the price. Investors get afraid when they see that the value of their investment just went down 1% compared to last week or 2% compared to the previous month and this happens because they are not thinking long term. Gold is an investment for the future.
If you have read the book “The Cashflow Quadrant” by Robert Kiyosaki, attended a seminar on how to make investments, or read a book on how to become a large-income earner, you most likely have come across the image above.
For an individual to become a business owner or an investor and become financially independent, one should have multiple sources of passive income. This can easily be achieved by investing in businesses or assets with a healthy growth potential. Undoubtedly, one of such assets is gold.
What gold is and why you should buy some
Gold has always being a sought-after asset for investors and consumers alike; for investors — it provides a means to grow their investment over time and serve as a store of wealth, for consumers, however, it provides one of the finest materials for making luxury items — from cars to wristwatches, jewelry, and other Veblen goods. These have served to further increase the demand for the precious metal.
Gold over the years has proved itself a worthy investment. Over the past ten years, it has appreciated in value by over 97% making it one of the most desired items for luxury goods collectors.
The inefficient process of the gold purchase system
For the average investor, purchasing gold for the purpose of investment could not be any more tedious — from the filing of numerous paperwork for appropriate identity verification, the legal processes involved in the transaction, to the settlement of third-parties and the secure storage of the gold being purchased.
This process not only consumes time but also valuable resources. This has served to dissuade investors who do not have substantial capital from investing in gold.
So Why you should invest in gold?
As the chart above shows, gold is a profitable investment in the long run. Gold has been around for thousands of years, either as a payment method or store of value. Our fiat currencies that are used as legal tender are susceptible to inflation. Take the Zimbabwean dollar as an example which has caused huge instability in Zimbabwe.
Gold, on the other hand will always be valuable because you cannot print it in a central bank and the quantity is limited. A lot of time and resources are needed to mine gold, you cannot recreate it in a lab or produce a cheaper version.
What is the traditional way to invest in gold?
Investors can buy gold in its physical shape and form and store it in a bank or a safe. Shares of gold can also be purchased on the stock exchange in the form of an Exchange Traded Fund (ETF). This is a more popular option in our time and it saves investors from the trouble of having to think of safe ways to store their gold.
Problems with the traditional investment models
Stock markets are strictly regulated. All clients have to go through a detailed KYC procedure to avoid issues such as money laundering or corruption. Clients have to submit their identity information, proof of income, bank statements and other documents on request.
You cannot simply register on the stock market and buy gold. One way of buying is through a broker. An individual or an agency that is authorized to trade on your behalf. Index Funds or Hedge Funds are some other ways to acquire stocks. All these options are expensive, heavily regulated and complicated for the average Joe.
The Solution is: Digital Gold and the GOLD Stablecoin
Digital Gold (https://gold.storage/en/home) is an ERC-20 token that enables users to purchase gold in a digital format. Each GOLD token is equal to one gram of 99.99% fine gold and is backed by physical gold that is kept in the company’s vaults. The company allows investors to invest in gold without being subjected to complicated paperwork which is the case with the traditional stock market. The GOLD token is pegged to the value of gold which makes it less volatile to other cryptocurrencies where sharp up-trends and down-trends are common.
I mentioned previously that investors are afraid to invest in physical gold. One of the reasons for this fear is due to problems with storing gold. It is valuable, it is heavy and takes up a lot of space. For these reasons, they are reluctant from storing it in their homes.
Digital Gold offers a better solution by using the blockchain. Blockchain-based gold can’t be hacked or stolen and using the service to trade gold is completely anonymous. Users are free to buy and sell as much as they like and thanks to blockchain technology there are no geographical restrictions. All transactions with the GOLD tokens are free of charge (excluding transaction fees), they are irreversible and immutable and the Ethereum blockchain guarantees instant transactions.
GOLD provides holders with the security of purchasing gold while ensuring that tokens do not serve as just a store of value, unlike gold. GOLD holders can easily benefit from the price stability, long-term appreciation in the value of gold, as well as benefit from the use of the token for daily expenses and purchases. Some of the major benefits of the use of GOLD include:
Seamless, anonymous, and instant purchase of gold: Gone are the days of lengthy procedures and incessant paperwork just to purchase gold. Using cryptocurrencies like Bitcoin and Ether, investors can easily and instantly purchase gold through GOLD. This eliminates unnecessary third-parties while making gold ownership easy and anonymous.
Secure storage of gold: Any investor looking to invest in gold has to have appropriate storage in place in order to ensure its security. GOLD token holders need not worry about such as the physical gold is securely stored in the DIGITAL GOLD company’s vault, ensuring asset safety at all times.
Access to fraud-free global markets: The gold market is a global one with numerous governments holding gold in its reserves. The gold market which is predominantly accessible to large capital individuals and institutions is made easily accessible to all cadres of investors through GOLD.
GOLD can also be used to hedge against various cryptocurrencies, providing capital security in the case of high volatility cryptocurrency market conditions due to its price stability.
How to purchase GOLD
Purchasing GOLD could not be any easier, the DIGITAL GOLD platform is a fully functional ecosystem which has its own marketplace. GOLD tokens can easily be exchanged for cryptocurrencies like Bitcoin and Ether.
The marketplace is equipped with basic tools to assist with market analysis and price projection. The purchase and sale system is controlled by smart contracts, allowing for seamless transactions. Customer support is also readily available to assist individuals with queries and other relevant information on accessing the marketplace and other features of the platform.
In order to facilitate further liquidity for GOLD, it will be listed on more exchanges. GOLD is also available for purchase on Cryptex.
A simple way to trade gold is finally available thanks to the Digital Gold platform for investors who don’t want to be subjected to complicated regulations and KYC procedures and lose their anonymity. By using the GOLD token, you can now buy and sell any quantity of gold and not have to worry about its safety.
Conclusion
GOLD provides individuals looking to benefit from investing in gold with a highly liquid option which also provides them with an opportunity to leverage the benefits of blockchain technology which allows for trustless immutable transactions.
DEGITAL GOLD:- provides individuals with low-investment capital looking to invest in the gold and cryptocurrency markets for profits. It also creates a viable solution which facilitates the transitioning of individuals from employees to investors, enabling them to make investments and build themselves a passive source of income from the appreciation in the value of gold.
Website : https://gold.storage/en/home
Twitter: https://twitter.com/gold_erc20
Ann: https://bitcointalk.org/index.php?topic=5161544
Whitepaper: https://gold.storage/wp/White_paper_en.pdf
Telegram: https://t.me/digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20
Forum Username: chinawalltoko
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=839641
Telegram Username: @Anokieyes
ETH Wallet Address: 0x17E6C081d832B9c6eDE9097dEA11262E3802077B