Gold is an asset that has proven its value over thousands of years. Gold has been widely used throughout the world as money, for efficient indirect exchange (versus barter), and to store wealth in hoards.
It is widely believed that the value of gold never depreciates but rather appreciates, and with this in mind, Digital Gold platform came up with an amazing concept of making it a possibility to purchase, store and sell gold with a gold token which represents a physical gold stored in a secured vault.
Digital Gold is a platform that encourages users to Securely Store and Make payments in Gold.
Digital Gold is a blockchain-based project, designed to encourage the digitalization of the financial markets, and their investment instruments. With digital gold, any amount of physical gold stored can be verified at any time.
This platform also allows payouts in BTC, ETH and Gold.
FEATURES OF DIGITAL GOLD
SAFE HAVEN
GOLD as a token fully backed by physical gold, is users best bet against volatile price swings and poor cypto market conditions. The token can be instantly bought, sold and transferred making it a great addition to users portfolio.
NO TRANSFER FEES, LOW COSTS
Make payments in GOLD with absolutely no transaction fees. This means that you can make as much payments as you like whenever you need to, free of charge. GOLD can even be used for daily financial routine such as payments to your friends and business transactions. Service costs are comparable or lower to storing gold at a depository or bank, with no hassle or paperwork.
SECURITY
100% of GOLD is backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens in real-time. All physical gold stored in vault is fully insured.
The insurance covers all risks at full replacement value and is provided by one of the world's largest insurance specie underwriters, Chubb Insurance.
HIGH LIQUIDITY
Token issuer company, DIGITAL GOLD LTD, is a liquidity supplier enabling purchase and sale of large amounts of tokens very close to market price. Token holder are allowed to instantly purchase or sell tokens at the Digital Gold website or partner exchanges.
GOLD token's liquidity is exceptional, because the tokens can be sold 24/7.
PRIVACY-CONSCIOUS
It is a common knowledge that physical gold dealing requires disclosure of personal information and compliance with local regulations which varies from country to country. Digital gold is your opportunity to own physical gold while remaining private in this age.
LIFE EXPECTANCY
The Lindy effect is a concept that the future life expectancy of asset or technology is proportional to their current age, so that the longer the asset exists the longed future life expectancy.
GOLD TOKEN
GOLD token is exactly what you need to purchase gold and store it digitally with complete anonymity and guaranteed protection of your assets from high volatility and loss of value.
To help provide a superior degree of trust, all gold purchased via the GOLD token is stored in the company’s secure vault, in partnership with BullionStar.
This is achieved by enabling users to purchase coverage in physical gold, via the ERC-20 Ethereum-based GOLD token. customers can use the platform to instantly purchase the GOLD token, each coin being equal to one gram of 99.99% FINE gold that is stored in the company’s vaults. As such, the tokens enable users to indirectly use gold to make monetary transactions, or to leverage it as a wealth storage method.
This is achieved without requiring users to follow complicated procedures.
Each GOLD token is 100% backed by physical gold stored in secure vault.
GOLD token's liquidity is guaranteed and unlimited amount of GOLD can be purchased/redeemed at the digital gold website instantly 24/7.
GOLD Ethereum-based ERC20 token is a convenient and instant way to store, buy, sell or transfer investment grade gold.
GOLD token is a true safe heaven for cryptocurrency investors in times of market volatility.
The GOLD token can be stored on a multitude of token-compatible wallets, including:
MyEtherWallet
Generally considered as one of the best ETH and token wallets, it offers a great
user interface, and helps facilitate token-based transactions. Smart contracts are
also available.
MetaMask
This wallet is suited to those that prefer browser extensions. It allows users to store Ether and tokens, yet also gives access to decentralized applications. All private keys held on this wallet are encrypted and kept locally, to ensure superior security.
Guarda
Yet another non-custodial wallet platform, Guarda supports numerous cryptocurrencies, including ERC-20 tokens. Users can store, receive, send, buy, exchange and stake their coins with ease.
Ledger Nano S
Ledger Nano S provides a compact hardware wallet that supports a plethora of digital currencies and ERC-20 tokens.
Trezor
Last but not least, the GOLD token is also supported by the Trezor hardware wallet. Similarly to Ledger, Trezor supports numerous cryptocurrencies, and grants users access to extra security options, including PIN codes, passphrases and more.
ADVANTAGES OF GOLD TOKEN
- HEDGE AGAINST MARKET VOLATILITY AND A GREAT WAY TO DIVERSIFY PORTFOLIO
GOLD token is a low volatility stable digital asset. GOLD is backed by physical gold and it's price is pegged to the market price of gold.
GOLD token is an excellent asset for portfolio diversification due to its transparency where anyone can match the amount of issued GOLD tokens against the amount of physical gold in vault storage held by the company.
- INVESTMENT IN GOLD TOKENIZED AND SIMPLIFIED BY GOLD
GOLD token is a an excellent opportunity for investors looking for a simple way to purchase gold bullion bars and stable digital assets.
The value of GOLD is pegged to gold market price and digital gold platform enables you to purchase a transparent and stable digital asset. Owning a GOLD token is similar to owning the physical gold as each GOLD token is backed by gold bullion bars to ensure the value of issued tokens. Purchase of GOLD tokens takes just a few minutes, which makes GOLD token one of the easiest ways to quickly invest in real gold.
- A DIGITAL ASSET FOR CONVENIENT STORAGE AND SECURE TRANSACTIONS THAT YOU CAN RELY ON.
GOLD token is an ERC-20 standard Ethereum token with a smart contract, which charges 1% annual fee for storage of GOLD tokens. The tokens can be transferred to any Ethereum address and be used for everyday transactions.
All GOLD transactions are free of charge. GOLD can be easily bought and sold through the digital gold official website and cryptocurrency exchanges.
- ALTERNATIVE TO TRADITIONAL FIAT-BASED STABLECOINS
GOLD token is exactly what you need if you would like to fixate the value of your crypto assets. Your assets will retain their value as every GOLD token is backed by physical gold stored in a secure vault facility.
High volatility is unlikely to affect GOLD token as its price depends only on market price of gold. Stability of long term gold price is unprecedented making GOLD a great alternative to USD or EUR-linked stablecoins.
- GIFT
If you would like to make a gift, GOLD token makes a great digital gift to your family members, friends or loved ones. Unlike most other blockchain assets that depend on unpredictable and turbulent crypto market sentiment, GOLD is not subject to dramatic devaluation.
Stable nature of physical gold guarantees low level of GOLD's volatility and makes it one of the most stable assets on the market.
- PROTECT YOUR SAVINGS FROM INFLATION
The gold has been proven to be a store of value and long-term inflation hedge over thousands of years. Which most currencies like the US dollars, does not have such track record.
Since 1900, US Dollar has lost 98.2% of its purchasing power, while gold rose 53.9 times during the same time retaining purchasing power in full.
This makes gold a great solution to protect your savings from inflation.
To learn more visit:
Website: https://gold.storage
Twitter: https://twitter.com/gold_erc20
Telegram: https://t.me/digitalgoldcoin
Steemit: https://steemit.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20/
Author: GodRACE
BTT Account: https://bitcointalk.org/index.php?action=profile;u=1717041
A DIGITAL ASSET FOR CONVENIENT STORAGE AND SECURE TRANSACTIONS
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This is an insightful article indeed. Investors should look into investing in Digital Gold.
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