Introduction to electronic money and Digital Gold
To start this article, you need to know what Digital Gold is? Digital Gold is a blockchain-based project, designed to encourage the digitalization of the financial markets, and their afferent investment instruments. So what is electronic money? Electronic money, also known as virtual money, is a type of currency that does not have a physical form, it cannot be held or has no real value, created in an electronic environment. Virtual money is worth the same as cash, gold or other valuable assets. It is used to buy goods and services that are commonly used in online games and social networks. However, it will be limited to certain communities. Electronic money is digitized in digital form. This is a structured currency that cannot be broken, copied or changed. It is circulated in the electronic environment, it is an intangible but real value asset, even more valuable than any traditional currency today.
Back to Digital Gold I will mention some of the features of Digital Gold so you can better understand it, let’s find out:
- 1 TOKEN = 1 GRAM OF GOLD 99.99 PURITY: 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.
- 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.
- 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.
- 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.
Here are some features and features of Digital Gold:
- SAFE HEAVEN: Gold is an asset that has proven its value over thousands of years. Its unprecedented long term purchasing power stability has made it the safe heaven asset of choice. GOLD as a token fully backed by physical gold, is your hedge against volatile price swings and poor cypto market conditions. The token can be instantly bought, sold and transferred making it a great addition to your portfolio.
- NO TRANSFER FEES, LOW COSTS: Make payments in GOLD with absolutely no transaction fees. This means that you can make as much payments as you like whenever you need to, free of charge. GOLD can even be used for daily financial routine such as payments to your friends and business transactions. Service costs are comparable or lower to storing gold at a depository or bank, with no hassle or paperwork. The cost is a small percent of GOLD holding charged daily on your GOLD balance.
- SECURE: 100% of GOLD is backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens in real-time. All physical gold stored in vault is fully insured, 100% of the time.
The insurance covers all risks at full replacement value and is provided by one of the world’s largest insurance specie underwriters, Chubb Insurance. Storing physical gold on your own has a number of inherent dangers/problems that can be avoided by using GOLD. Such dangers include home burglary and security risk going to and from the bank, if you choose to store gold at home or limited access if you choose to keep your gold at a bank. - HIGH LIQUIDITY: Token issuer company, DIGITAL GOLD LTD, is a liquidity supplier enabling purchase and sale of large amounts of tokens very close to market price. Token holder can instantly purchase or sell tokens at this website or partner exchanges. While using GOLD, you are not bound to local business hours that may prevent you from accessing and selling physical gold at a favorable price or if an urgent personal need arises. There is no need to physically take gold to a dealer to be sold. GOLD token’s liquidity is exceptional, because the tokens can be sold 24/7.
- PRIVACY-CONSCIOUS: It is a common knowledge that physical gold dealing requires disclosure of personal information and compliance with local regulations that vary widely from country to country. In the age of NSA, and almost everyone urge to collect data, GOLD is your opportunity to own physical gold while remaining private.
- LIFE EXPECTANCY: The Lindy effect is a concept that the future life expectancy of asset or technology is proportional to their current age, so that the longer the asset exists the longed future life expectancy. Applicable to gold, that has officially lost its role as money, but has thousands of years behind it ensuring its value for centuries, if not thousands of years to come.
Digital Gold promises to be a digital electronic money asset supported by excellent physical gold, hope this article will help you better understand Digital Gold and electronic money, see you in other articles.
For more details:
TELEGRAM : https://t.me/digitalgoldcoin
WHITEPAPER : https://gold.storage/wp.pdf
TWITTER: https://twitter.com/gold_erc20
WEBSITE: https://gold.storage/
Author: jzn74622
Bitcointalk Username : jzn74622
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2653070
Eth address: 0xe028f8c4481b685EA8E4b7702B59EfD47465A43A
