Digital Gold is a Stablecoin ERC-20 Backed by Real Gold

By | CryptoGeeks | 15 Aug 2021


Abstract


Gold has been used by humans for thousands of years. In ancient times humans used gold as a symbol of wealth and prosperity, but in modern times like today, gold is not only used as a symbol of wealth and prosperity, but also as a long-term investment, for medicine, for electronics, and to support fiat currency. Because of its important role in modern life, gold is very suitable for long-term investment because its price will remain stable and increase.

Today most of the gold circulating in the market is in physical form, but did you know that today there is gold in digital form? This is what Digital Gold offers, a cryptocurrency-based digital gold that users can use to store or transact securely using gold. Because the gold offered by Digital Gold is digital and based on cryptocurrency, users can securely store this digital gold in any wallet that supports the ERC-20 protocol. Users do not need to worry about the gold offered, because Digital Gold guarantees that this digital gold is backed by 100% physical gold.

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ERC-20 Digital Gold


Cryptocurrency can be used for various purposes, for example, cryptocurrency can be used to represent gold. By representing gold in the form of cryptocurrencies, physical gold can be safely stored in vaults and users can trade cryptocurrencies that represent physical gold. The reason why cryptocurrencies are so well suited to represent physical gold is that cryptocurrencies cannot be manipulated and the amount will still correspond to the amount of physical gold. This is what the Digital Gold platform has to offer, a cryptocurrency-based digital gold that is perfect for store, buy, sell or transfer gold but in digital form. All gold tokens offered by Digital Gold are pure gold but in digital form (1 Digital Gold token is equal to 1 gram of gold 99.99% FINE) and this can be proven in documents of authenticity provided on websites that can be accessed by users.

Gold tokens are perfect for those who want to make transactions or store gold using cryptocurrencies. Because in addition to the convenience it offers, gold token holders will not be identified or anonymous, even Digital Gold itself will not know the identity of the token holders.

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Digital Gold Features


Digital Gold is a platform that launches cryptocurrency-based gold that can be used by people for transactions or storing gold but in digital form. The gold token launched by Digital Gold is pure gold-backed by physical gold that is securely stored and insured in vaults in Singapore. But that's not all, there are several other features of Digital Gold:

  • High Liquidity: When users buy gold tokens, Digital Gold will buy gold according to the number of tokens purchased by users and when users sell their gold tokens Digital Gold will also sell the physical gold. In this way, Digital Gold can maintain the liquidity of the gold token.
  • Portfolio Diversification: Gold is considered very suitable for long-term investment because its price increases every year. Therefore, by owning gold tokens, users can diversify their portfolios into safer assets.
  • No Fees: Digital Gold will not charge users any fees, as long as their transactions are fair. However, transaction fees on the Ethereum protocol still apply.
  • High Privacy: The identity of the owner of the gold token will be maintained and no one will know it, this is because the gold token is based on Ethereum ERC-20, and Digital Gold will not ask for KYC when a user buys a gold token.

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Tokenomics


Digital Gold token is an Ethereum ERC-20 based token that can be used by users for transactions or stored in a wallet. Digital Gold tokens will be used most often for investing or transacting in gold but between wallets that support the ERC-20 protocol. The supply of Digital Gold tokens is unlimited, or in other words, the supply of Digital Gold tokens will be following the total supply of physical gold owned by Digital Gold. Users can buy or sell Digital Gold tokens on the website instantly 24/7.

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To conclude


Cryptocurrencies can be used to represent physical gold, which is easier to carry around or for transactions with gold. Cryptocurrencies are considered appropriate to represent physical gold because cryptocurrencies cannot be manipulated and are difficult to hack. And Digital Gold is here as a platform that provides cryptocurrency-based gold that can be used by people to transact or store gold more easily in digital form. Because it is cryptocurrency based, users can store gold tokens in any wallet that supports the Ethereum ERC-20 protocol. Users do not need to worry about the gold tokens provided because Digital Gold guarantees that the gold tokens provided are backed by physical gold that is stored and insured in a vault in Singapore and can be checked for ownership documents on the website. Digital Gold is perfect for those who want to transact or store gold in digital form, especially those who are concerned about privacy and want to diversify their portfolio into gold.

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Connect with Digital Gold


WEB: https://gold.storage/
TELEGRAM: https://t.me/digitalgoldcoin
TWITTER: https://twitter.com/gold_erc20
YOUTUBE: https://www.youtube.com/channel/UCUo-D88vDTvntg2QhxDqBGQ

Writer


BTT Username: Bitloca
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=3121416
Telegram: @bitloca

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