Today I will introduce and evaluate for you about DIGITAL GOLD, A gold standard for your crypto. Digital Gold is a blockchain-based project, designed to encourage the digitalization of the financial markets, and their afferent investment instruments. It hopes to achieve this by enabling users to purchase coverage in physical gold, via the ERC-20 Ethereum-based GOLD token. This is a project securely store and make payments in gold. Gold has been used to preserve wealth throughout thousands of years. The stability of gold’s long-term purchasing power is unprecedented and superior to any fiat currency. GOLD Ethereum-based ERC20 token is a convenient and instant way to store, buy, sell or transfer investment grade gold. GOLD token is exactly what you need to purchase gold and store it digitally with complete anonymity and guaranteed protection of your assets from high volatility and loss of value. The project holds numerous advantages for its users, the gold market, but also for blockchain technology as a whole.
With this in mind, customers can use the platform to instantly purchase the GOLD token, each coin being equal to one gram of 99.99% FINE gold that is stored in the company’s vaults. Each GOLD token is 100% backed by physical gold stored in secure vault. Amount of physical gold stored can be verified at any time, as such, the tokens enable users to indirectly use gold to make monetary transactions, or to leverage it as a wealth storage method. This is achieved without requiring users to follow complicated procedures. The token is pegged to the value of the gold spot price, thus also acting as a stablecoin. This makes it useful for protecting against market volatility on the cryptocurrency market, while also allowing users to benefit off long-term gold price uptrends.
Plus the advantages
- 1 token = 1 gram of gold 99.99 putity: All GOLD tokens are backed by physical gold stored in a secure vault. The gold stored is audited in real-time and can be verified online. Every GOLD token is issued using Ethereum smart contract and the amount of tokens in circulation always equals the total amount of gold bullion held in vault.
- High liquidity: Token issuer company is a liquidity supplier enabling purchase and sale of large amount of tokens very close to market rates. Token holder can instantly purchase or redeem tokens at this website or partner exchanges.
- Low cost: Low service costs comparable to the cost of storing gold at a bank, with no hassle of actually dealing with precious metals storage related issues.
- No Transfer fees: No fees on transactions. Make as much payments as you like. GOLD can be used as part of your daily routine or regular business transactions.
- Secure: 100% backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens real-time. All transfers are irreversible and there is no way to block or limit your account due to decentralized structure of blockchain technology.
- Privacy: Own GOLD while remaining private. All other gold ownership options involve disclosing your identity at the time of the purchase or redemption. To purchase or sell any amount of GOLD, you just need to provide a destination wallet address.
The Digital Gold project is not an Initial Coin Offering, as no crowdfunding effort is being carried out. All operations are self-funded, thus any acquisition of the GOLD token results in an instantaneous smart contract-based purchase of physical gold. The worldwide interest in the gold market is well-known, whereas the value of gold Exchange-Traded Funds (ETFs) exceeds the $100 billion threshold. With the GOLD token, the precious metal can now be more than a wealth storage method and investment tool. With the help of blockchain, gold can now act as a
payment method for transactions of all types.
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