Gold parallels a desire to own wealth at leisure; without worrying about safety, incurred costs, and complicated procedures. This is said because, in the early years of discovering gold, one was considered very lucky to own such an expensive and widely sought-after asset since acquiring it was certainly very nerve-racking. The price of just one gold bar was measured in thousands or millions of dollars or more. Note that over the years it has been reputed to be one of the most sought-after precious metals because it is a multi-functional asset; that is to say that its uses vary, but despite its popularity, people avoided investing in gold because it had zero to no monetary replacement. Investors at the time were, mostly, those that choose to purchase gold as a way to store their wealth.
The safety of purchased gold at the time, however, depended on how tight its owner's security network was as there was a very high risk of theft. The Blockchain, though, has made gold tradable and usable as a medium for trading and making payments, therefore, eradicating the limitations it faced on the market up until now. The Digital Gold project has presented a safer way out for potential gold owners through its tokens.
Now, in consideration of how this works, it will be of utmost importance to state that the project is blockchain-based, and created to foster the digitalization of the global financial market economy and its investment instruments. This will be achieved through the purchases of the ERC-20 Ethereum-based Gold token by users, which will enable them to secure coverage in real gold with all its physical properties. These tokens enable users to use gold indirectly to make financial trades, or to exploit it as a way to store up wealth and all this can be achieved without undue stress on the users as compared to the previous ways of following complicated procedures.
The features of the Digital Gold token include:
- Guaranteed high liquidity since the digital gold company works as a liquidity supplier.
- Ownership security: This is possible because of its operation on Blockchain technology which is notably one of the most secure networks for trade.
User's access to a service that is always on 24/7 round the clock.
Anonymity for users/private ownership of gold, i.e the ability to carry out and monitor trade even while maintaining a private profile.
The ability to keep wealth in a haven: This is possible because of the collaboration of the Digital Gold project's facilitators and the Chubb Insurance company which provides users their insurance contract as well. It is also of interest to note that the physical gold is insured.
Assurance of extended life span for purchased gold.
Using the digital gold marketplace, users are simply required to fill out a form that initiates a smart contract that is necessary for the transfer of the Gold tokens. This Marketplace is best for the buying and selling of Gold tokens as transactions are carried out instantaneously.
Its customer support team has many seasoned representatives that can be contacted and reached through email, live chat, etc and they are always available to explain issues, solve problems, and suggest more methods that will give their users a smooth transacting experience.
You can contact them via the following channels below
Website
Whitepaper
ANN
Telegram
Steemit
Reddit
YouTube
Writer: Lordrift
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