DigixDAO

The Gold Standard In Distributed Ledger Technology

ERC20 Token

DigixDAO (DGD)

Digix tokenizes gold on Ethereum. “We leverage the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets”. Digix has created a range of technologies including The Proof of Provenance Protocol (POP) and Digix Gold Tokens (DGX) on Ethereum.

Digix provides a use case for the tokenisation and documentation of physical assets through its Proof of Asset (PoA) protocol. The PoA protocol utilises Ethereum and the InterPlanetary Files System (IPFS) to track an asset through its chain of custody. This allows for the open and public verification of an asset’s existence without a centralised database. Digix also offers an API allowing other applications to be built on top of our asset tokenisation service.

“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. You’ll even be able to use DGX to pay for your coffee using an NFC tap. DGX is in the Ethereum EIP20 format, which means it can be used seamlessly in future Ethereum contracts for literally anything. It can also be used as a basis for other tokens and financial instruments that have yet to be imagined.”

Buy & Sell
Positives

  • Cryptcurrency Backed By Real Gold Stores
  • Very Low DGD Supply. Very Stable Price In Market Downtrends.
  • High Trading Volume. Large List Of Exchanges
  • Testimonials From Industry Experts
  • Frequent Blog & Press Updates. Hard Working Team.

Exchanges
Concerns

  • Frequent audits are required to prove there are sufficient stores of real gold available. Tether & DAI suffer the same issue.
  • Competitors can easily enter this market but DigixDAO has the experience and trust established already.
  • No other concerns here. A great investment through both bull & bear markets. Will appreciate over time with the value of gold.

Official Links
Token Details

Token Type

ERC20

Powered by the Ethereum Network. Can be stored on any ERC20 compatible wallet e.g MyEtherWallet

Token Statistics

Supply

• Ticker: DGD
• Total Supply:
• Circulating Supply: 2,000,000
• Token Use: Rewards & Governance

Founders

The Team

Kai Cheng (CEO)
Anthony Eufemio (CTO)
Shaun Djie (Marketing)
More

Industry

& Competitors

• Buy/Sell Gold Stores
• DAO Cryptocurrencies
• Competitors – GoldMoney, Tether

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