It will always be a better idea to invest in digital gold if you have always had a longing of going into long-term savings and insurance against uncertainties. In fact, answering the many questions that had risen with the introduction of Digital Gold in line with the existence of Bitcoin, someone had said;
"If you are in search of an asset that
you can quickly move in and out
without losing value in a short time
(like Bitcoin can), gold might be
your most preferred option. It is a
much more liquid asset and can allow
you to reallocate your portfolio quicker
when the market fluctuates".
Digital gold is a virtual and online method of purchasing, selling, and investing in yellow metal without having physical contact with the gold. The Digital Gold project is based on the Blockchain and the manner in which it operates is explained thus:
User - One Gold ERC-20 token - coverage in physical gold up to one gram of 99.99%.
The GOLD token is designed to act as a digital currency that is linked to the price of gold. This token is what will be used by the users for buying and selling gold conveniently and securely while ensuring the user’s anonymity. Digital Gold has the potential to exist for many years because it is widely available with excellent liquidity and a user can continue trading with it on whatever digital marketplace they may prefer to trade in, unlike in the case of physical gold were disposing of it usually costs much, takes time and involves complicated procedures. The rise in its popularity among millennials and Gen Zers can be credited to the flexible manner in which it can be bought in small amounts and liquidity options. Since the project carries out its transacting and sales activities on the Blockchain, a trustworthy and fraud-free market network, the market offers a higher customer acceptance for gold, even while ensuring asset security. By using Digital Gold, users can track newly mined gold even from the very first day through retained relevant information, and also, the amount of physical gold stored can be verified at any time. It is also imperative to add that the physical gold which backs the Gold tokens is stored in the secure vault of a company. This company is located in Singapore and they provide the user's the insurance they need for their physical gold so that they do not need to worry about the safety of their precious metals.
The project offers benefits like a low cost for carrying out and completing transactions, a very secure trading network and the ability to carry out operations/trading activities via the Ethereum blockchain, immutability for gold purchased through its tokens, healthy market competition and transparency, user's support and protection from internet attacks, functioning smart contract and support for trading the GOLD token on partner exchanges. Digital Gold has been created to also serve anyone who cannot afford the physical form of gold, or cannot invest a substantial amount at a time into the yellow metal.
With this, I would urge you to take a chance and try out the project so that whatever reservations and concerns you may have developed while considering if to become a user, may be put to rest.
Links to their various social platforms are made available below, be sure to reach out when you need help.
Website
Whitepaper
ANN
Telegram
Steemit
Reddit
YouTube
Author: Lordrift
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