My Thoughts on DigixDAO and DGX Token

in cryptocurrency •  7 years ago 

Pedja Markovic asks "Thoughts on DigixDAO and the upcoming DGX token (backed by gold)?"

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

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I think DGX coins will be high in price. because DGX digitizes your ownership of the original gold

I heard about DigixDao for the first time a few weeks ago when its price exploded while the bitcoin went down. For now I'm considering it as a valuable refuge when bitcoin starts crashing, but not for holding.

Thanks for the video, Louis.

Cryptocurrency market is currently running at a much more accurate level than I think. Many of us are interested in the idea that the cryptocurrency market will take time to come to the right level, but I think the cryptocurrency market according to your words could be better in the long run.Many people are currently investing in tiffany's market and those who have thought that the cryptocurrency market is not suitable for investment, they will soon be converted from bitcoin to cryptocurrency and in the right stage.

cryptocurrency has intervened quite a lot from the international level and has opened an investment market here for us.The market has been running very well for the last few days 8k. The right time to wait for us to get a bitcoin and cryptocurrency market.

It is here that will be used as a capital to invest in the right level and many are aware that profit can be obtained from here, it is expected that it will be much higher at present time.

Currently this market is acceptable to us and the market that is hoping will continue this phase and we can share a good one here and this stock market will be in the future.

There is no doubt that the future of Ethereum is bright, and that has been manifested clearly by the success of digixDAO. The democracy inherent in the system as it is currently built is something that cryptocurrency miners and investors value greatly. Currently, the governance model of digixDAO is undergoing planning, development, and auditing. However, there is no doubt that it will be a huge success once the model is complete.

As long as almost every coin follows bitcoins path this will be the result.I mean...how many coins have you seen acting differently that what Bitcoin does.?
Like it or not bitcoin determines the value of all coins pretty much

Coins with backup try to show they are solid but some coins end being a huge scam (Like Petro from venezuelan goverment)

Lol what a coincidence haha :) hi Diego

What if a backed coin doesn't act as a stable coin? For example the Petro from Venezuela, Im pretty sure it will crash below 60$.

  ·  7 years ago (edited)

I like the token. I got a bit late to buy and then couldn't wait and invested in Cardano. Now I wish I could change that and buy it. Well, what can we now but wait.

they will probabily make it easier and cheaper to own and liquidate gold assets while also providing much-needed stability to cryptocurrencies.

The creation of DGX tokens is just the beginning for Digix Global. Once a stable coin is introduced to cryptocurrency, the possibilities are endless.

Never heard before about DigixDAO.. thanks for you info..we are learning day by day its just crazy how market is moving. I want some gold lol
Cheers buddy o/

Great insight as always :)

A cryptocurrency backed on gold? omg I have a lot to study. Thanks for the info @louisthomas this is fascinating

You're right mr louis its a interesting project.. Im impressed about this whole world of cryptos. keep it up

what would happened if the price of gold would crash?

One issue I can see with these coins that are backed by a security is do they actually posses the collateral they claim to. This is the current issue with Tether and a similar question mark could be raised against this coin. however having said that these type of coins would be a great way to trade gold and other commodities. Therefore I think this coin deserves more research. Thanks as always for the content.

I see very wonderful and conciliatory
I hope that this will be achieved and what we hope for

its really great sir

one of the reasons that made DigixDAO (DGD) more attractive to investors is the fact that DGD team decided to create their own token, called DGX, or Digix GOLD.i see a great future of it,,thanks for sharing

wow
its great information
sir
This is where Digix Gold Tokens (DGX) come in. DGX represents value on the blockchain that can be retained over time with relatively little volatility; giving it greater utility than Ether for a wide range of use-cases. Retail, Rentals, Salaries, Commerce, Lending, Wealth Management

its awesome job ,,
dear sir
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there have no dout that its become successfull of DigixDAO and DGX Token,,,,i see that of great future of oits,,thanks for share

Good information. Whats the price of token?

It's good to have an alternative when DGX is down, but not sure I would hold this coin long term.. Thank you for this video!