Introduction
Gold are usually placed in a vault for security. Central Bank of New York seems to be the world's biggest gold safe; the vault can store up to 540,000 gold bars. Gold as a precious metal can be found on Earth, Mercury, Mars, and Venus.
In many jurisdictions, individuals don't have the accessibility to bank using gold or its miles away in a region far from the ordinary person. The transaction charge or exchange expense on the traditional financial establishment are way over the top since it comes with many mediators before an exchange can be done. Most of these financial institutions we trust our finances can go bankrupt and customers will easily lose their funds they have saved there. Money saved can easily lose value with inflation. The introduction of cryptocurrencies is a great solution to deal with the issues that comes with fiat money. Investing funds into a stable coin such Gold token can easily protect investors from inflation and the high volatility on the crypto market.
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WHY STABLECOIN?
There has always been price fluctuation on the crypto market since the introduction of bitcoin. Either way, one important observation on the crypto market is that, irrespective of the degree of your data of crypto marketplace, there would always be times where we would experience the bearish market and mostly at unexpected times. This is the reason why stablecoins have much advantage compared to the ordinary cryptocurrencies. Stable coins always comes with fixed price and hence funds are not affected by the high fluctuating cryptocurrency market.
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GOLD AS A STABLE COIN
The challenge with most stable coins on the market are that they're largely affected by inflation, Gold token, unlike other stable coins is backed by physical gold. As the price of physical gold goes up, the cost of Gold token also goes up consequently. The difference between gold as a stable coin and the other stable coins is that Gold stablecoin are supported by real gold while others are usually not. Again, the price of the various stablecoin doesn't go up regardless but the price of Gold token will always go up anytime the price of real gold goes up.
THE MARKETPLACE OF DIGITAL GOLD
The Digital Gold project has been designed to provide a concise, unique and productive buy machine for gold marketplace. The Digital Gold market is purposely for the buying and selling of Gold token. On the Digital Gold market, the real estimation of gold will be shown on the platform for everyone to verify. The Digital Gold market is very comfortable and the team is much prepared to provide regular and constant audits on the platform. The market has been built to coordinate web base and also am easy means of access.
To make the Gold token widely available, the gold has also been listed on the following exchanges;
Cryptex Exchange
Coinsbit Exchange
Catex Exchange
Bitforex Exchange
Livecoin Exchange
THE PARTNERHIP OF DIGITAL GOLD WITH BULLIONSTAR
BullionStar is a venture providing accurate storage of precious metals such as physical gold, silver, and distinctive metal money. BullionStar has permission from the government of Singapore to offer stockpiling for precious metals. By this permit, BullionStar allows customers to that purchase previous gold digitally through the platform.
For Digital Gold to be on BullionStar, the gold purchased with the Gold token is kept in BullionStar's vault. More details on that and more can be found on the official website; https://gold.storage/en/home.
THE PERSPECTIVE OF DIGITAL GOLD
The main mission behind this innovation is to tokenize and digitize gold asset and also improve utilizing blockchain. By this, people will have the option to buy physical gold using the virtual Gold token. By making use of the Digital Gold platform, users can easily enjoy these benefits and more;
Acquiring physical gold with Gold token comes with no charges. Users can perform countless transactions without any limitations. The only fees one pay for executing any exchange is the transaction fees on the ethereum blockchain network which is the gas fees.
The Digital Gold platform allows customers the opportunity to increase their portfolios in a safe cryptocurrency price since the general market is very unpredictable. This is also a great chance to acquire real gold.
Conclusion
Digital Gold platform has the right solution when it comes to the buying, selling, and storing of gold. This is the future of gold dealership through modern technology and essentially blockchain technology.
For more details, kindly visit the links below;
Website: https://gold.storage/home
Whitepaper: https://gold.storage/wp.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
FACEBOOK: https://www.facebook.com/golderc20
TWITTER: https://twitter.com/gold_erc20
MEDIUM: https://medium.com/@digitalgoldcoin
REDDIT: https://www.reddit.com/r/golderc20
PROOF OF AUTHORSHIP
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2511518
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