Dev Updates — 20 September
- DigixDao Updates on NeutralG
- CORA @ The Capella 2019
- Invest:Asia Meet-up at PayPal Innovation Lab
- CoinGecko’s Changelog @ Invest:Asia
- Digix is on Xangle.io
- Tokenize Xchange Promotion
NeutralG, a 4 Mio USD project successfully funded by DigixDAO
A 4 Mio USD project, NeutralG, has successfully called for the disbursement of 20030 Ethers on the DigixDAO platform recently.
Why is this project interesting?
NeutralG shined the spotlight on how DigixDAO token holders actively take part in shaping and directing the course of action of projects on DigixDAO.
The project started on a bad footing with the majority of the token holders but it eventually turned into a gem through hard work and perseverance by the community and the proposer himself.
The first iteration of the project first came as a shock and disbelief.
We knew that endorsing such a project calls for a significant disbursement of Eth, which will lead to a high level of FUD ( Fear, Uncertainty and Doubt).
We knew it, expected it, and it was entirely intentional;
It was a deliberate attempt to throw the community off the bench and to get everyone comfortable with the idea that DigixDAO is more than just a platform to fund small scale projects; it is also a platform to further the vision of democratising access to DGX around the world.
Digix had two reasons for doing this:
- Competition is coming and we wanted the community to think and dream BIG so as to grow the Digix ecosystem further.
- DigixDAO has the potential to outgrow itself and move beyond the current state of funding small scale projects. Don’t get us wrong, smaller-scale projects in the digital realm are great (we love it actually!). They help create a stronger online ecosystem and community (ie, Social Media Management) that is fantastic for building a stronger brand. But there is also a need for DigixDAO to fund larger traditional businesses to garner more traction with DGX gold. Both need to happen concurrently to spur the ecosystem for DGX.
We decided to keep mum and allowed the situation to play itself out within the community.
The first iteration of the proposal was bold and daring. It was asking for a single disbursement of a large amount of ethers, and DGD token holders had no good idea who the proposer was and why they should be up to the task for the said project.
However, the community and the proposer of the project, Joseph Lee, did not give up. He took note of all the feedback from the community and worked his way to a new proposal with an updated version that paid attention to what the community felt was fair. The community too did not give up in the process and continued providing feedback and suggestions on how to come up with a better proposal.
Some of the notable changes include (not exhaustive)
- Setting up clear milestones instead of a single tranche of disbursement.
- Doing a public video log with more information about himself and his team.
- Doing a declaration of intent to fulfil what he has sought with the project, which has been notarized on the blockchain and much more!
Notable Background
1. CORA Network -Technology and Platform
2. OTSafe -Technology and Algo Trading
3. KyberNetwork -Trading Platform Lead
4. Bank of America -AVP Global Payments, Int’l Banking
Here are the links to the first and final iteration of the project that was passed. See how drastic the changes are.
First Iteration: https://community.digix.global/#/proposals/0xf26b62b8889e85f1d403122d92c4ba7157795ee0b99d73ace84ad1defd1347cd),
Final Iteration: https://community.digix.global/#/proposals/0x6c7769a7389cdf105ad54795404cb834c9ded30f52b506204b9f33a4c468d153
Open call for Project Submissions to the DigixDAO platform
Projects like NeutralG makes use of the DigixDAO platform to launch the dream of democratising access to gold tokens on the blockchain. We would like to invite more token holders to join us on the platform to realise this dream.
Event/ Conference Attended
Tuesday, 10 of September — CORA @ The Capella 2019
CORA Network is a non-profit community for the cryptocurrency market to drive liquidity, efficiency and security within the cryptocurrency OTC industry.
Alongside with guests like David Harboon from MAS and Vishal Agarwal from Blackrock, the OTC community was at CORA @ The Capella 2019 to align on a common set of standards for the cryptocurrency market. Topics such as CORA Accreditation and Crypto Settlement Rules were discussed at the meeting.
Wednesday, 11 of September — Invest:Asia Meet-up at PayPal Innovation Lab
Digix, together with BitGo, Kyber Network, Marlin Protocol, RockX and Chainlink co-hosted a special meet-up in the Invest:Asia week to share insights on the topics of current blockchain technologies and trends.
Benedict Chan, CTO of BitGo, kickstarted the event with BitGo’s approach to driving the global economy with cryptocurrency and what they see in the future of DeFi.
The audiences were then introduced to new developer-friendly tools within the blockchain. Tools that will help to grow the ecosystem to be agile, secure and transparent. The technology varies from connecting smart contracts of different companies to supporting all applications from Layer 0 within the blockchain.
For those who joined us, it was great having you guys. We hope you enjoyed the insightful evening as much as we enjoyed presenting it. 👍
Thursday, 12 of September — CoinGecko’s Changelog @ Invest:Asia
Shaun Djie, co-founder & COO of DIGIX, shared how DIGIX leverage on blockchain to democratise the ownership to gold at Changelog.
Asia accounts for ⅔ of global consumer demand for gold. Physical gold is also valued at over a trillion market cap and Singapore alone account for almost $100 billion trade value.
There are however some challenges to owning a piece of gold. The 3 hinders to get an actual gold bar are:
- Risk of counterfeit documents — Gold bars come with actual documents that certify the authenticity, however, at times these documents are tempered with;
- Fake Product — There are fake gold made from Lead in the market;
- Disconnected Information — If you were to buy a gold ETF, It is almost impossible to look through all the gold bars in the vault to ascertain why and when the gold bars are bought. Pieces of information on the actual gold bar do not reach the buyers. Buyers do not actually own a piece of the gold in this case.
At Digix, we leverage on the blockchain technology to tokenise physical gold through a method known as Proof-of-Provenance (PoP). With PoP, 1 DGX = 1 gram of gold, where the actual gold bars are stored in vaults and all verifications are by 3rd party.
Watch the full video here:
Digix is on Xangle.io
We are pleased to share that we are working with Xangle.io to enhance the transparency of DGX and DGD. You can now find important announcements of Digix, the transaction volume of DGX and DGD, main holders info and their exchange(s) here.
All information of Digix and disclosure information uploaded on Xangle.io is confirmed by Digix and you may inquire anything about Xangle.io through account@xangle.io.
Link to DGX: https://xangle.io/project/home/DGX/dashboard
Link to DGD: https://xangle.io/project/home/DGD/dashboard
Tokenize Xchange Promotion
Tokenize Xchange has come up with an auction airdrop event so that you can stand a chance to win 10 to 25 DGX! Here is how you can take part:
- To participate, there is a fee of 50 TKX (Tokenize Xchange)
- Participants can bid to win the DGX with their TKX.
- The highest bidder will win 10 to 25 DGX. The amount of DGX to be won is random.
- Participants who did not win the DGX will have their TKX returned the event.
- Click here to participate!
We would love to hear from you!
At Digix, we appreciate feedback from the community, so do drop us a note at marketing@mailer.digix.global or join our channels below:
