Introduction
I have written various reviews on the Digital Gold platform — its features, use cases, and areas the project could improve on. Digital Gold being a working platform, was developed without any crowdfunding exercise. This is a rare occurrence within the blockchain space where numerous projects enter into the space intending to raise funds from the public for project development or implementation.
Digital Gold being a fully functional ecosystem offers users the opportunity to purchase gold through their cryptocurrency issued on Ethereum — GOLD, with each token providing coverage of one gram of fine gold of 99% purity.
The Digital Gold Marketplace, A how-to guide on making GOLD purchases
Based on personal experience, I can confidently say there’s nothing more frustrating within the cryptocurrency space than hodling tokens/coins against your wish due to low liquidity. Imagine needing cash urgently or wanting to hedge your holdings only to find low liquidity on the stablecoin pair. With Digital Gold such can NEVER be the case!
Digital Gold has its native marketplace for the exchanging of cryptocurrencies for GOLD and vice versa. The whole process based on personal experience took less than three minutes — from transferring ETH to the exchange wallet to receiving GOLD in my wallet of choice!
Step 1: Visit the Digital Gold Marketplace
Step 2: Check the price information for exchange rates and charts. The chart is available in three different pairs (GOLDBTC, GOLDETH, and GOLDUSD)
Spot price refers to the real-time price of gold.
Purchase price refers to the rate for exchanging either Bitcoin (BTC) or Ether(ETH) for GOLD.
Redemption price refers to the rate for exchanging GOLD for either Bitcoin (BTC) or Ether(ETH).
It is important to note that the rates are for exchanging 1 GOLD token which corresponds to one gram of pure gold.
Step 3: Select your preferred cryptocurrency and input your desired amount you wish to purchase in ETH or BTC.
Step 4: Click on the ‘Exchange’ button and input your wallet address for receiving GOLD. You may choose to include the wallet address from which you are sending the BTC or ETH and your email address.
Accept the terms and conditions of using the Digital Gold platform and click ‘Submit Exchange’.
Please do well to read the Privacy Policy and Terms of Service before using any platform.
Step 5: A user prompt page will provide the wallet address for payment. Once payment is made and confirmed, the token purchase is effected automatically, and GOLD sent to the receiving address!
Upon reception of the payment, tokens are sent out almost immediately! It took my order just a minute to be processed and paid as can be seen above! It may take a little longer to arrive in your wallet due to Ethereum network congestion depending on the time of purchase but transactions can easily be monitored on the blockchain.
Conclusion
Digital Gold — self-funded, functional platform!
Developed by critical thinkers that have thought of every stumbling block that may arise in the development of a blockchain-based platform for investing in gold and proffering solutions to those issues, it is obvious that the Digital Gold platform and its team will leave no stone unturned in ensuring the widespread adoption of the Digital Gold platform as an effective means of investing in gold.
The DigitalGold Marketplace is just one of the numerous exchanges GOLD will be traded on. Presently, GOLD is also being traded on Cryptex.
Why not have a look at the DigitalGold Marketplace and purchase in order to have a first-hand experience of how it works. You can also find out more about Digital Gold by reading the Whitepaper, or join the online community on Telegram, Twitter, or Facebook.
This article was written and published by KRB91 with 100% uniqueness.
