📝Review DIGITAL GOLD a platform securely store and make payments in Gold
🕵️Hello friends! Today I will introduce to you a project of gold storage and trading quickly and safely. That's the Digital Gold project, so 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.
👉 Speaking of blockchain, its application in the Digital Gold project allows for several innovative features, including, but not limited to: instant, low-cost transactions carried out via the Ethereum blockchain, immutability for all confirmed transactions (no chargeback risk), overall network security and protection from cyber-attacks, smart contract functionality (propping an instant gold purchase for each token bought), market transparency, support for all ERC20 wallets, and support for trading the GOLD token on partner exchanges. The GOLD token community can utilize the Digital Gold Marketplace to instantly purchase and/or sale the token. As the parent company is also a liquidity supplier, users are free to carry out as many transactions as they wish, with no additional costs apart from the yearly service fee and the general cost for Ethereum-based transactions. The Digital Gold project is not an Initial Coin Offering, as no crowdfunding effort is being carried out. All operations are self-funded, thus any acquisition of the GOLD token results in an instantaneous smart contract-based purchase of physical gold. The worldwide interest in the gold market is well-known, whereas the value of gold Exchange-Traded Funds (ETFs) exceeds the $100 billion threshold. With the GOLD token, the precious metal can now be more than a wealth storage method and investment tool. With the help of blockchain, gold can now act as a payment method for transactions of all types.
❗ “In which blockchain is a database system that contains information, used to store information in linked information blocks, and managed by everyone involved in the system, instead of one individual third parties such as the state or central bank, at the same time, it is possible to safely transmit data by a complex encryption system, and be expanded over time. And Ethereum (ERC-20) is a Blockchain platform, while ETH is a currency unit in the foundation of Ethereum, and ERC20 is a standard used for all tokens running on the Ethereum Blockchain platform”.
🔈 Blockchain technology is generally described as a decentralized, transparent, immutable, shared, and incorruptible database network that can be exploited to store and store value. The first cases of use of the blockchain were limited to digital currencies. The market has fully appreciated its features as it introduces decentralization into the storage of digital assets. This concept is essential to the success of blockchain technology, since it prevents central authorities from editing stored data. Transparency improves the overall reliability of the network, while its cryptographic support enables highly secure, yet cost-effective, market transactions. For several years, blockchains have been used only to record cryptocurrency transactions. Bitcoin's rapid success and growth as the most valuable digital resource in the world has convinced the world that value can actually be stored online in a secure way. This has also opened up a series of possibilities, as most people who are familiar with the blockchain agree that this can disrupt and revolutionize most industries in the world.
👍 The Digital Gold is a project that will be a great success because of its dedicated and strong team, and of course a secure payment and gold storage platform.
Currently buying gold requires a lot of paperwork and a fairly long process, this is the cost to ensure natural gold. GOLD tokens make it easy for investors to buy real gold conveniently and anonymously using any internet-enabled device without hassle or legal papers, making it easy for individuals to invest into gold. Therefore, DIGITAL GOLD was born with the following advantages:
- 1 TOKEN = 1 GRAM OF GOLD 99.99 PURITY: All gold tokens are backed by physical gold stored in a secure vault. The gold stored is audited in real-time and can be verified online. Every gold token is issued using Ethereum smart contract and the amount of tokens in circulation always equals the total amount of gold bullion held in vault.
- HIGH LIQUIDITY: Token issuer company is a liquidity supplier enabling purchase and sale of large amount of tokens very close to market rates. Token holder can instantly purchase or redeem tokens at this website or partner exchanges.
- NO TRANSFER FEES: No fees on transactions. Make as much payments as you like. GOLD can be used as part of your daily routine or regular business transactions.
- LOW COST: Low service costs comparable to the cost of storing gold at a bank, with no hassle of actually dealing with precious metals storage related issues.
- SECURE: 100% backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens real-time. All transfers are irreversible and there is no way to block or limit your account due to decentralized structure of blockchain technology.
- PRIVACY: Own GOLD while remaining private. All other gold ownership options involve disclosing your identity at the time of the purchase or redemption. To purchase or sell any amount of GOLD, you just need to provide a destination wallet address.
All Gold Purchased via the GOLD Token is Stored in the Company's Safe, Partnered With BullionStar
👉 In order to provide a higher degree of confidence, all gold purchased through the GOLD token is stored in the company safe in partnership with BullionStar. The Digital Gold project also aims to be transparent with respect to the current number of tokens in circulation and the total amount of physical gold stored. BullionStar also carries out audits of the safe to determine the total amount of gold stored. Token users are encouraged to check the live audit certificate and safe for peace of mind.
Digital Gold represents a courageous and innovative project aimed at bridging the gap between gold and the digital ecosystem. The purpose of this white paper is to describe why and how blockchain technology can be leveraged to exchange, store and use gold via a method that is easy to understand and apply. Website: https://gold.storage/