DIGITAL GOLD REVIEW

4 min readSep 29, 2019

DIGITAL GOLD REVIEW

The process of purchasing, buying and selling of the physical gold have been known to be a complicated and complex one. While coming to the Gold market place, lacks proper transparency, security and immutability. But the inception of Digital Gold has proven to be the only efficacious way out of these present menace on the Gold marketplace.

Gold is a gold mine to behold. And with the inception of the Digital Gold, lines have fallen for us as we can now safely buy, sell, transfer and store our gold tokens (Digital Gold).
Don't forget that, Digital Gold is an ethereum based token. Or simply say that digital gold is a token which is built on the ethereum block chain backed by block chain technology.

ABOUT DIGITAL GOLD

Digital Gold is a project built on blockchain based on the ethereum network. The project allow users to buy, sell and trade coverage in physical gold through the ethereum based GOLD erc-20 token.People having known this are now concerned as to how these tokens can be securely stored, and how they can also keep it safe. This then shall be the focus of my publication today. I shall tell you and show you how to securely store your digital gold tokens. Using the Digital Gold erc-20 token, users will be able to buy and sell coverages in physical gold. This entails that the primitive processes of buying, selling and storing this physical gold would be fully eradicated.
Are you wondering how it is possible to buy and store these tokens? Below is the guide needed:
Digital Gold is backed by ethereum block chain, this implies that, it can be supported, stored on ethereum based wallets also known as Erc20 supported wallets. The question now is, how do one get to know which of these wallets are compatible to store gold tokens?. Below are the list of ethereum based wallets which supports Digital Gold tokens. Find the one appealing to you, store your digital gold tokens in there, and securely keep your private keys and phrases safe from a second party.

LIST OF ETHEREUM SUPPORTED WALLETS FOR YOUR DIGITAL GOLD TOKENS

You can find below the lists of the wallets where you can store your gold tokens:

1. Metamask Wallet: This is an ethereum supported wallet where you can store your ethereum based tokens. Ad DIGITAL GOLD token being an ethereum based token, you can securely store your tokens in this Metamask. Metamask wallet is designed especially for those who love browser extensions such as chrome, Firefox and yandex browser. You can also store your other ethereum based tokens on this metamask.

2. Myetherwallet is another ethereum wallet where you can store your digital gold tokens. Myetherwallet is often regarded as the safest ethereum based wallet for storing of your ethereum based tokens.

3. Ledger Nano S is yet another secured erc20 based wallet for your ethereum assets. Ledger Nano S is a hardware wallet, hence, one of the most secured kind of wallet for storing your gold tokens. I'd greatly recommend the Ledger Nano S wallet for storing of your expensive assets such as digital gold tokens.

4. Trezor Wallet is another secured and strong hardware wallet which supports Digital Gold tokens. With Trezor wallet, you can securely store and safe your Digital Gold tokens. Trezor is yet another strong wallet that allows for multi-security of assets making it difficult for your assets to be compromised etc.
It is however, worthy to note that, these above mentioned wallets are all ethereum based wallets which supports more than 2 assets. As long as the asset is ethereum based, you can store them in these wallets. So therefore, while utilizing these wallets for storing of your Gold tokens, you can also use them to store host of other ethereum tokens.

FEATURES OF DIGITAL GOLD PLATFORM

Below are the core features of the Digital Gold platform:

1. Real time physical gold reservation.

2. 24/7 active support

3. Zero-fee platform

4. Instant purchase, buy, sell of Gold tokens.

5. Proper security measures enabled etc.

Conclusively, Permit me to say that GOLD token is indeed a stable, solid purchase that acts as an excellent means of storing wealth.