Digital Gold is the only means to secure your investment in stability of physical gold with speed, security, and low cost. This becomes possible with the innovation of blockchain and cryptocurrency. This platform is combining blockchain and physical commodity (gold).
The Digital Gold is the most effective, convenient, and secure way to invest in physical gold using GOLD token.
Gold is one of the most precious resources on the surface of the earth and it was recognized as a means for investors to preserve and protect their wealth against financial struggle. Some of the financial struggle am talking about are:
- Inflation
- Currency fluctuation
- Market collapse
- Monetary policy
- Societal unrest etc.
Because gold is expensive to buy, sell, store or transfer, Digital Gold is simply the only sure way you will preserve your wealth and the stability of physical gold. This is cost-efficient and speedy.
WHY MUST IT BE DIGITAL GOLD?
- Security
Digital Gold is leading in terms of security. The Digital Gold platform has partnered with BullionStar to help client to stored their purchased physical gold. Digitally, the Gold token are store mostly cold storage wallets supporting Erc-20 prototype. The platform already recommended the type of wallet you can store your token.
- Instantly
In complies with ethereum blockchain, there is secure and speedy technology that enhance transaction to be executed instantly. All happens within some second.
- Zero Costs
Clients of the Digital Gold platform pays nothing for storing their gold transaction. This a notable adequate of Digital Gold over the traditional system where people pay up to 7% for storage services.
- Ease of Trading
Through the Digital Gold platform marketplace, clients can easily purchase, sell, transfer and store gold.
THE GOLD TOKEN
GOLD token is a digital currency that is based on gram units of physical gold. The Gold token are backed by physical gold which are stored on Bullionstar vault storage facilities. The GOLD token will serve as the currency used for buying or selling as per units of physical gold at Bullion vault. The Gold token is an independent currency which does not rely on any government policy for gold market. Gold token is a cryptocurrency, in short, a currency that is universally accepted. The GOLD token will offer a global and borderless world currency system which does not depend on exchange rate variations and manipulation.
The user's funds will be fully reserve as a gold which is totally different from fractional-reserve banking system. Depositing of GOLD token will protect it against currency devaluation, currency inflation, and other economic factors which do affect our normal fiat currency.
If you want to invest in gold, you can make use of Gold token which are backed by physical gold to purchase, sell or store the precious gold. The process of buying and selling of gold will be done on a digital exchange, which the Digital Gold platform already built a marketplace for it, and they also partner with Cryptex Exchange which has listed the GOLD token for trading. The Gold token is more like a private currency and is not issued by governments.
HERE ARE THINGS TO KNOW ABOUT GOLD TOKEN
GOLD token was built on ethereum blockchain and it can be stored in any Erc-20 compatible wallet.
GOLD token transaction cannot be reverse i.e it is an irreversible transactions. This simply means that Gold token is akin to the traditional currency system.
GOLD token operating costs are low. It becomes so because there is no inclusion of intermediaries or dispute fees.
GOLD token transactions are instantly; the network will be able to handle thousands of transactions per second.
The GOLD token will as a representative money that directly represents physical gold on stored in the vault. This means the issuer will redeem the GOLD token obligation with physical gold. The GOLD token will be adequate in the sense that it is a stablecoin that does not fluctuate with the national currency exchange rates. It does not get affected by the volatility of the crypto market.
IN SUMMARY,
I encourage everyone to take this advantage to preserve their wealth and stabilize their physical gold with Digital Gold. It is cost effective, fast and also secured. The Gold token serve as the currency for purchasing or selling of the gold through this platform. The Digital Gold marketplace will make it possible for clients to easily buy, sell or transfer their investment.
Here are the official links of Digital Gold platform, check it out to get the full authentication of my post;
Official Website : https://gold.storage/
Read their Whitepaper: https://gold.storage/wp.pdf
Blog: https://medium.com/@digitalgoldcoin
Official Twitter: https://twitter.com/gold_erc20
Reddit: https://www.reddit.com/r/golderc20/
Telegram Group: https://t.me/digitalgoldcoin
This article was composed by Donald Contreras
My bitcointalk profile link is :
https://bitcointalk.org/index.php?action=profile;u=2662679
My bitcointalk username is : Feigburgzil
