How to recast your DGX
Please note that there will be a 1% fee to perform a recast. Therefore, you will need at least 101 DGX tokens in your wallet to successfully perform a recast.
Upon a successful recast, the system will set a reminder a week before the scheduled collection date.
If you do not collect the gold bar by the agreed date, the gold bar will automatically be reminted into DGX
Look for the recast section after logging into your dashboard and start by loading your wallet
Select the gold bar of your choice from the asset explorer. You will have to decide on the location of vault for redemption at step.
Selected gold bars will have a green tick next to the item.
Confirm your recast on your ledger and confirm the transaction.
After the transaction is approved on the blockchain, a reminder will be sent to your registered mailbox a week before redemption date.
Digix, incorporated in Singapore in 2014, is the blockchain company behind the world’s first gold-backed digital asset class. Digix uses blockchain to account for the authentication and provenance of 99.99% investment-grade gold bullions. Physical gold bars are registered on the blockchain, and every 1 gram of physical gold registered is pegged to 1 DGX token. The physical gold bars are kept in vaults located in Singapore and Canada.
Digix recently won the 2020 S&P Global Platts: Precious Metals Industry Leadership Award and was a finalist in the 2016 Singapore MAS Fintech Awards.
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