GOLD Stablecoin is the Digital Gold - First 100% Liquid Stablecoin Backed by Gold
I like projects where the great and creative team works, And for me, There is no doubt that one of those teams are on the project of Gold StableCoin.
There are many other positive and interesting things about the project, let's go further into the Gold StableCoin project. and then, together, we will see how this project is being developed.
The digital GOLD token has been intended to go about as a stablecoin, pegged to the cost of gold. When it comes down to stablecoins, they are for the most part pegged to different resources or monetary forms, but on the other hand, are collateralized. This implies the quantity of coins put into dissemination is straightforwardly supported by resources that are put away in organization saves. Along these lines, client tokens are ensured against high-showcase unpredictability, though the estimation of the tokens stays stable through time. These angles completely apply to the GOLD token, on account of stablecoin status.
Digital Gold group is glad to report that the initial 7,200 GOLD tokens have been effectively printed in the estimation of 7,200 gold grams or $309,168.00. Gold bullion has been acquired at BullionStar and accessible for moment review of the network on BullionStar's authentic site. These tokens will be utilized for supporting liquidity and arrangement to accomplices for further circulation.
GOLD group educates about the dispatch of authority commercial center for moment change of Bitcoin and Ethereum to GOLD and the other way around. The commercial center is completely computerized, measures of trade are not restricted and all requests are prepared immediately with no concealed charges and manual endorsements.
- GOLD commercial center is accessible at https://gold.storage/market
What Is Digital Gold?
Digital Gold is a blockchain-based project, designed to encourage the digitalization of the financial markets, and their afferent investment instruments. It hopes to achieve this by enabling users to purchase coverage in physical gold, via the ERC-20 Ethereum-based GOLD token.
The project holds numerous advantages for its users, the gold market, but also for blockchain technology as a whole.
With this in mind, customers can use the platform to instantly purchase the GOLD token, each coin being equal to one gram of 99.99% FINE gold that is stored in the company’s vaults. As such, the tokens enable users to indirectly use gold to make monetary transactions, or to leverage it as a wealth storage method.
This is achieved without requiring users to follow complicated procedures.
The token is pegged to the value of the gold spot price, thus also acting as a stablecoin. This makes it useful for protecting against market volatility on the
cryptocurrency market, while also allowing users to benefit off long-term gold price uptrends.
Liquidity is ensured at all times, granted that independent live audits can be verified to cross-check the number of tokens in circulation, with the amount of vault-stored gold.
The digitalization of gold is bound to also increase the worldwide appeal of the precious metal, which has been sought for and used by mankind for thousands of years.
The cross-implementation between gold and blockchain technology serves as yet another successful use case scenario.
Blockchain innovation permits a straightforward record of confusing exchanges, track merchandise, and diminish extortion, which appears to make it a characteristic fit for the ware business. The innovation fills in as an encoded and permanent database that shouldn't be constrained by a focal gathering and can be made available to all members.
Each GOLD Token is 100% backed by physical gold stored in a secure vault.
Amount of physical gold stored can be verified at any time.
Why This kind of project is so Important nowadays?
With globalization, new technologies are emerging in the environment in which we live, having an impact on society as a whole. Cryptocurrencies are a novelty that is inserted in the context of globalization.
There are several people who have not yet realized the importance of crypto-currency for the global financial market. However, a party has already realized or is realizing.
Crypto-coins represent a true revolution in the process of buying and selling products and/or services nowadays. With just a few clicks and reduced costs, you can get goods from distant countries, with reduced costs. And best of all, without all the bureaucracy that existed before.
This is not surprising, because due to the decentralization of the cryptocurrency, it has become a very competitive differential for many companies, especially those that operate in the international market.
Crypto-banks will be thought of as just that - banks, not "exchanges." The fact that they provide currency exchange services will be thought of as an obvious and necessary feature of any banking system.
There will be no government-backed "FDIC" for crypto-banks. However, banks will compete on security, among other features, giving rise to private insurance that protects deposits.
Banks will provide traditional savings-and-loan services, denominated in cryptocurrency.
Banks may automatically store your holdings as a basket of currencies and Robo-trade on your behalf based on pre-set criteria. A deposit of 1 WhateverCoin may automatically turn into a deposit of the appropriate quantities of coins A, B, and C.
People will realize that fiat currency is simply cryptocurrency running on a single node where one miner can arbitrarily issue new coins. The largest transfer of wealth in history will occur in slow motion, as the value of fiat currencies drops to zero.
Unable to inflate their currency at will, governments will be forced to rein in spending. This may produce chaotic results including riots, coups, protests, political upheaval, and even the redrawing of national borders.
Digital Gold Features
The Digital Gold Token is a blockchain-based project that aims to merge the gold market with the blockchain to digitize gold the precious metal that has been used as a means of payment and investment for thousands of years.
STORE AND PAY IN GOLD
Gold has been used to preserve wealth for thousands of years.
The stability of gold's long-term purchasing power is unprecedented and superior to any fiduciary currency.
GOLD's Ethereum-based ERC20 Token is a convenient and instant way to store, buy, sell or transfer investment-grade gold.
The Digital Gold token is exactly what you need to buy gold and store it digitally with complete anonymity and guaranteed protection of your assets against high volatility and value loss.
Each GOLD Token is issued using the Ethereum smart contract and the amount of tokens in circulation is always equal to the total number of gold bars kept in the vault.
And more ...
- HIGH LIQUIDITY
The token issuer is a liquidity provider that allows you to buy and sell large amounts of tokens very close to market rates.
The token holder can instantly purchase or redeem tokens on this site or through partner exchanges.
- NO TRANSFER FEES
No fees on transactions. Make the payments you want. GOLD can be used as part of your daily routine or regular business transactions.
Low service costs compared to the cost of storing gold in a bank without having to deal with precious metal storage issues.
100% backed by physical gold. The amount of physical gold stored can be compared to the total number of tokens in real-time. All transfers are irreversible and there is no way to block or limit your account due to the decentralized structure of blockchain technology.
Own gold, remaining private. All other gold ownership options involve the disclosure of your identity at the time of purchase or redemption. To buy or sell any amount of GOLD, you only need to provide a destination wallet address.
The GOLD token is exactly what you need to buy gold and store it digitally with total anonymity and guaranteed protection of your assets against high volatility and loss of value.
As We can see, It's Really important to have projects like this, if we look the project of Digital Gold is undertaking, An Ethereum-based, ERC-20 token that clients can use to effectively purchase, sell, exchange, store, or move speculation grade gold. These activities can be completed advantageously and safely while safeguarding client namelessness. We need to remember that the ERC-20 GOLD token is Backed by physical gold, put away in the organization's safe vault. So all liquidity is ensured, the DIGITAL GOLD token appears as a stablecoin, since its cost is legitimately connected to the present gold.
- Website : https://gold.storage/
- White paper: https://gold.storage/wp.pdf
- Telegram: https://t.me/digitalgoldcoin
- Twitter: https://twitter.com/gold_erc20
- Medium: https://medium.com/@digitalgoldcoin
- Bitcointalk: https://bitcointalk.org/index.php?topic=5161544