First we had DGX on ETH, then GOLD made by Paxos team both on ETH. Yet today DGLD came to life which is on Bitcoin blockchain which makes it more interesting than other two.
CoinShares, Blockchain, and MKS (Switzerland) SA created this one after 2 years of work - they say.
DGLD is a digital asset (token) representing allocated physical gold stored in a Swiss vault and tokenized with a side-chain built on the Bitcoin network.
1 DGLD token is the digital equivalent of 1/10th of a troy ounce of gold, vaulted in Switzerland. Before a new token is created, LBMA1 gold is allocated and placed in a Swiss vault. Then, DGLD representing that specific gold is created and sent to a DGLD wallet. This simple approach unleashes physical gold and renders it both digitally usable and physically redeemable.
Supply of the token is already worth over $20 million.
Sounds good in theory but when you dont hold the gold.. you never know.
It will be available to buy on their own exchange that will launch soon.
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I liked golos backed gold, but, some bots will destroy any/every thing for a dime.
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