DIGITAL GOLD - STABLECOIN (REVIEW)

in #gold5 years ago (edited)

Investment - Today, the world community is increasingly aware of the importance of make an investment. Then, many people are looking for an asset that has healthy growth potential to be the best investment choice.

When talking about an asset that has a healthy growth potential, many people talk about gold, gold is considered as one of the best assets for investment.

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Undeniable, gold has always been known as a symbol of wealth and is one of the best types of investments to protect the value of wealth. This is caused by the value of gold which tends to increase from time to time. The following picture shows the price of gold in the past year.

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With profits that are considered quite high, you as an investor need to consider further about gold investment. because gold investment also has a weakness / can not be separated from the risk that is not low. As an example:

The risk of theft: This is the main risk that must be faced by gold investors, especially those who investing gold in the form of jewelry that is used daily. This risk arises from a robbery incident that might occur especially if the jewelry used is quite a lot or is striking.

The cost is quite expensive for storage; Gold investments in the form of bars with a considerable amount are also vulnerable to the risk of robbery/theft. So to protect their assets, gold investors are usually willing to pay more funds to rent a safe deposit box which is a bank facility to store files and belongings of customers that are considered to have a high enough value.

In conclusion, although gold investment has many advantages that can provide benefits, gold investment also has weaknesses and a high enough risk. Then, what's the solution?

Well, therefore, on this occasion, I will provide a review of a platform that offers various benefits and secures in gold investment.

Introducing Digital Gold.

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About - Digital Gold is a company established in St. Vincent and the Grenadines. Digital Gold issues Cryptocurrency with a GOLD ticker based on Ethereum Blockchain that complies with the ERC-20 protocol. The GOLD token is stable coin backed by gold that provides coverage of up to one gram of 99% pure gold. GOLD prices are updated in real-time using spot gold prices with minimal spreads. Every time a GOLD token is purchased, an equivalent amount of gold is saved physically to the Digital Gold safe.

In an effort to solve the main problems associated with investing in gold, Digital Gold, as a liquidity provider, has introduced work solutions by combining Blockchain technology.

Two Market in one hand

In the past decade, the cryptocurrency market has recorded exponential growth. Then, the Gold has become a physical asset with substantial market capitalization, have price stability, and creating profit potential over a long period.

By issuing cryptocurrency backed with gold, Digital Gold not only provides solutions to the gold investment problem but also gives you an opportunity to invest in two markets, cryptocurrency and gold at the same time.

Another advantage of Digital Gold

Can be used for transactional activities -

Digital Gold ensures that your investment is available for transactional purposes, making it easy to complete a transaction using the GOLD token. Because, if we compare it with investment in physical gold, the problem related to investment in physical gold is the inability to use that gold to be used in everyday financial transactions.

Low capital investment -

Individuals with small capital find it difficult to invest in physical gold. However, to start investing in GOLD tokens does not require high capital to start investing. Digital Gold bridges the gap between investors, allowing small capital investors to easily buy gold through GOLD tokens and benefit from the appreciation of its value.

Digital Gold maintains your privacy -

In Digital Gold, to buy or sell any amount of GOLD, you only need to provide the destination wallet address without having to reveal your identity.

Because GOLD tokens are based on Ethereum, GOLD tokens are compatible with the most popular cryptocurrency wallets that support Ethereum ERC20 standard tokens such as MyEtherWallet, MetaMask, Guarda, Ledger Nano S, and Trezor.

Is Digital Gold safe?

As I have explained, Digital Gold as a liquidity provider has introduced work solutions by combining blockchain technology. in this case, Digital Gold ensures interaction through smart contract and ensures that all transactions are recorded on the blockchain that cannot be changed, therefore, transaction records cannot be falsified/changed. So it's very clear that Digital Gold guarantees the secure on their platforms.

Transparency

From the various advantages offered by Digital Gold, one that caught my attention is, Digital Gold offers transparency that is not done by similar platforms that already exist.

Digital Gold conducts regular audits of company vault which in this case they partner with leading company BullionStar. This audit was carried out to verify that the gold stored in the vault is equivalent to the issued GOLD token.

Meanwhile, the GOLD smart-contract is audited by ChainSecurity - one of the leading companies in the Blockchain security field based in Switzerland.

The audit report of vault and smart-contract are available on the Audit section of the Digital Gold website.

Digital Gold Marketplace

Digital Gold has its own Marketplace, where you can directly buy, sell or convert GOLD. All exchange operations are executed instantly. You can access the Digital Gold Marketplace in the Marketplace chart on the Digital Gold website.

In addition, Digital Gold is also supporting cryptocurrency exchanges, GOLD tokens are currently listed in the Cryptex cryptocurrency exchange. You can purchase GOLD tokens with various payment systems, cash and other electronic payments at Cryptex.

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Also, Digital Gold confirmed that they were in the stage of open negotiations with several other cryptocurrency exchanges. in other words in the future GOLD tokens will be available in more cryptocurrency exchanges.

Conclusion

Digital Gold offers many advantages over existing investment methods. Digital Gold is a more efficient way to invest in two highly liquid markets (gold and cryptocurrency) simultaneously.

It should be noted that Digital Gold is not an Initial Coin Offering (ICO). In other words, Digital Gold has its own source of funds used to finance their projects.

Through this article, I try to share my views about Digital Gold. As someone who believes in cryptocurrency, I would say that the GOLD token is the right coin to buy. However, I will always remind you to be a smart investor, "Always do research first before making any investment." Therefore, to improve your understanding and beliefs about Digital Gold, I suggest you learn more about Digital Gold by visiting their official link below:

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2179588

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