Best wishes to all of you loyal visitors to this site who are always talking about the world of cryptocurrency and the really great projects that you should consider joining. And for now I will build a project called Digital Gold.
Introduction
Gold is valued around the world for its own value, which has been woven into civilization over the centuries. Coins consisting of gold appeared around 800 BC. Over the years, people have continued to preserve gold due to various factors. Society and the economy have assigned a value to gold, thereby perpetuating its value. It's the alloy we use when other kinds of money don't get the job done, so it always has value as a guarantee against hard times.
GOLD CHARACTERISTICS
Gold is a precious metal in dark yellow and light red. Its Latin name is Aurum, its symbol is Au. Gold melting temperature is 1064 degrees C. When melted, gold dissolves with other non-ferrous metals such as copper, silver, zinc, aluminum, tin, nickel ... Pure gold is a metal that is relatively soft, easy to stretch, thin, conductive, thermal conductivity. good. It is also an excellent radioactive substance, if it is covered with a thin layer of gold on the surface of the object, it can reflect up to 90% high density radioactivity or heat radiation. Gold does not dissolve in acids; is not oxidized in the natural environment, is not affected by alkaline salts but can "mix" in liquid mercury and dissolves in aluminum metal at high temperatures. Since it was known, gold has always been considered a guaranteed collateral.
WHY IS GOLD PRECIOUS?
Pure gold is too soft and cannot be used for normal use so it is often hardened with alloys of silver, copper and other metals. Gold and its alloys are most commonly used in jewelry and coins and are the standard currency exchange in many countries. Due to its excellent electrical conductivity, corrosion resistance, and other physical and chemical characteristics, gold stood out at the end of the 20th century as an important industrial metal. Human characteristics force us to return to the exchange system and find ways to cooperate, which leads to finding good ways to exchange easily and efficiently. Gold is a sensible choice. If disaster strikes, we can use gold if paper money and the systems that support it are gone. From a basic point of view, gold is the most sensible choice for an exchange environment for goods and services.
Digital Gold Token Project
Digital Gold is a blockchain-based project, designed to Promote the Digitalization of financial markets, and an afferent investment tool. It hopes to achieve this by enabling users to purchase coverage in gold.
It is based on Ethereum ERC-20, users can choose to send tokens anywhere on the planet, without having to worry about explosive transfer fees, as most transfers are not free. Users are also allowed to make unlimited payments as the service does not impose account restrictions. Users should note that transportation nonetheless demands a gas tax which is charged by the Ethereum network.
Therefore, GOLD token users might expect to get a fraction of the holdings that are billed on a daily basis. It is very important to consider that the price of support is made to be comparable to, or lower than, the costs associated with storing gold in a depository or lender. Users might expect to cover 0.99 percent annual storage costs.
Gold meets Blockchain
Today, with the discovery of other blockcains being established as a secure bookkeeping strategy, and Bitcoin, being recognized by the total population, another period of gold-backed cryptography is on the rise. There is a well-known (and demanding) hyphen for the unprecedented wealth taking place today in the crypto world, as well as countries, hoping to issue their own gold-based cryptographic currency.
The digital gold sign is coming. Peter Grosskopf, CEO of Sinta (Global alternative asset manager with a major focus on precious metals and real assets) in his correspondence with Kitco News, he claims that the future of gold is digital. Sinta has offered several new partnerships that combine modern digital blockchain technology with traditional precious metals trading procedures.
CRYPTOCURRENCY in GOLD
There are many crypto advantages that can attract gold investors such as:
- Low transaction fees (some transactions are completely free)
- Ease of transaction: You can transfer or receive coins immediately without going through intermediaries such as banks, governments
- High security
- Create potential for the e-commerce industry
- Environmental protection
That is the reason why the Digital Gold project was born (Token name: GOLD) (website: https://gold.storage/). The Digital Gold project has made investing in the gold market easier than ever, even for amateurs. Tokens are issued under ERC20. GOLD is backed by physical gold which is stored securely and confidentially. More details, 1 GOLD is equal to 1 gram of gold (99.99% Fine) and physical gold can be audited at any time.
One of the important things that crypto investors usually worry about is the liquidity of tokens. In addition, there are a growing number of fraudulent projects in the crypto space and investors' investment usually goes to zero if they are unluckyly involved in these money-grabbing projects. This bitter problem has been completely resolved by GOLD by its own trading platform. Investors can also liquidate GOLD through their partner exchange (Cryptex exchange). In addition, buying and selling GOLD is made easier with the GOLD market maker system on all exchanges.
Bitcoin - the biggest invention in the blockchain industry today faces a big problem, namely high transaction fees whenever there are many transactions at the same time.
That was evident at the end of 2017, the period when bitcoin hit an all-time high. This has caused unwanted damage to the crypto industry. Investors gradually recognized bitcoin's losses and left the market. For them, Bitcoin is not what they expected. Bitcoin transaction fees are even more expensive when transferred via banks. This led to what we call crypto winter in 2018. The GOLD team is aware of this problem and they emphasize "No Transfer Fees" as one of the main features on their website (https://gold.storage/).
As mentioned above, keeping a lot of gold can be dangerous to your own safety, especially if your identity is exposed which is inevitable when you have large amounts of money. This is solved easily thanks to blockchain technology. When you have GOLD, your privacy is completely safe; all you need to do is remember your GOLD wallet private key. No one, not even your husband and wife, can know whether you have gold or not unless you tell them yourself.
Just like USDT is backed by USD, GOLD is also 100% backed by physical gold. This makes your investment into GOLD zero risk and owning gold easier than ever.
That's all about the DIGITAL GOLD project - a really interesting project that might take blockchain utility to another level. If you are a gold lover but don't like the trouble of having physical gold, then DIGITAL GOLD is the right choice. Cryptocurrency x Gold = a new era of gold.
This is my personal review of this project, I do not force you to join. And if you want to join, please do your research first on the official website which I include below:
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Follow us on social media:
Twitter: https://twitter.com/gold_erc20
Telegram: https://t.me/digitalgoldcoin
Writer's Details:
Bitcointalk Username: bocilik23
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile