Unless you've been living under a rock in the middle of the desert, you've realized that for the past few days the crypto market has been taking a serious beating. It's been an absolute red sea, with only one Moses of a coin being able to part the the waves. DGD has been on a consistent rise despite the sky falling down around it. And I've researched why.
DGD is the first crypto backed by a tangible asset, that asset is actual bullion gold. Each DGD token, represents and acts as a receipt of purchase of 1 gram of gold. Using block chain technology, it asserts that no 1 gram of gold can be owned by any two individuals, a problem that has previously plagued the commodities exchanges, and has also resulted in court judgments and SEC fines.
This new concept, could bring a realistic approach to crypto currency, and also decrease volatility in the crypto market. With only 2 Million DGD as the max supply, the token with a steady backing has taking off and reached highs of $184.00 per token.
It will certainly be interested to watch and see how this concept becomes adopted by the crypto community.