DIGITAL GOLD PLATFORM, A NEW DIMENSION IN GOLD TRADING AND STORAGE

By Sodaf | lohladex | 19 Sep 2019

INTRODUCTION

Gold is a combination of cultural value, financial value, and emotional value which give room to its global adoption. All over the World, different people purchase gold for different reasons.Some with the intents to trade , while some acquire them with the purpose of wealth preservation. In the Gold market, there are macroeconomic influences which facilitate the public adoption. Gold has been used for ages for Wealth preservation , medium of exchange and barter trading system for so many years and ever since gold has been in use, the price has been more stable than any class of assets or currencies .This evening,I will be discussing extensively on Gold token project whose goal is to revolutionize the conventional system of dealing in Gold. This is quite interesting! Unlike in the past where if you want to invest in Gold, you will need to find a good market,testing the gold authenticity and finding where to safely store and secure them.

All these processes are very cumbersome and highly risky. First, there are lots of fake gold out there that most people do not recognize. Secondly, the cost of storing gold after acquiring them is quite expensive and lastly finding instant market for your Gold when there is need to sell them is a bit hard. The Team of Digital Gold has provided a permanent solution to all associated problems to traditional gold market. They have Integrated Blockchain in Gold market thereby simplifying and making the process of buying, storing and selling of gold more convenient. In the preceding paragraph,I will elaborate the approach adopted to solve these problems.

About Digital Gold

In terms of monetary value, digital Gold price is the same as physical gold. The only difference is you can hold and feel the Physical Gold. It is an innovation created to simplify the process of Gold trading and storage and ensuring maximum profitability in Gold business. The traditional system of dealing with Gold is quite unsafe and ineffective, this is why Digital Gold has launched their platform to simplify constraints attached to buying, selling, and storing of Gold assets. Users of Gold token will benefit similar stability in terms of value and wealth preservation as applicable in Physical Gold. The only difference is the user will be holding their Gold in a digitally tokenized form.

Gold investments multi-billion dollar industry has been made accessible to the masses by Digital Gold .

The first question is how do they make this possible? In the past, only rich investors, traders have access to the Gold market due to its capital intensity. Digital Gold has made simple the process of buying Gold and make Gold trading, storage accessible to everyone.

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How did the Digital Gold make this possible?

Digital Gold has integrated Blockchain technology into their Platform, which creates room for Gold assets tokenization. Gold token Platform is an Ethereum based Platform, which simply means the tokens are ERC20 tokens. 1 unit of Gold token is equivalent to 9.999 grams of Pure Gold.Every token in Digital Gold Platform are backed by Gold which are securely stored in Vault and can be tracked at any point in time. There is a fixed supply of Gold token, the total supply of Gold token in Digital Gold Platform is static, it can't increase and can't be reduced.

BENEFITS OF GOLD TOKEN

(i) SECURITY AND STABILILITY: Gold token users will enjoy stability in price like normal Gold price. The Gold token are 100% backed by real Physical Gold.Gold can be tracked and matched against the physical Gold the Platform is holding in their Vault.This simply

means the holder of Gold token are not just buying a cryptography backed with nothing but they are holding token backed by real

Gold.

(ii) SURPLUS LIQUIDITY: The digital Gold limited is the liquidity provider and the Gold token issuer. Tokens are available for trading

in exchanges with high liquidity. Gold token can be traded with profitability on Gold token website and partner exchanges.

(iii) STABLE COIN FUNCTION: Due to its low market volatility, it can be adopted by Crypto traders as stable coins to hedge against

market volatility.

(iv) MODERATE FEES: Users can trade profitably with low fees

(v) PRIVACY: trading on Digital Gold is totally anonymous, safe, and transparent. The whole system is highly effective, fast and automated. Users don't need to provide their details before transacting on their platform.

Final thought,

Digital gold is a complete revolution. The groundbreaking innovation has removed all constraints associated to conventional system of trading Gold. Personally, I have used the platform and find it very amazing. Digital Gold is opened for everyone who want to trade in Gold with profitability? Unlike Crypto market where volatility is very high, there is low market volatility in Gold market which also make Gold token qualify to serve as Stable coin for the cryptocurrency traders.

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