As you all can see the global economic slowdown is around the corner. Almost every country is facing this inevitable recession.
Once again #Fiat currency will succumb. Now most of the People will invest in precious metals especially in #Gold.
But now the time has changed. This era belongs to digital currencncies & its marketplaces.
One such most valuable & reliable project is #Digital #Gold.
Eversince (2018) the Digital #Gold project came into existence, it is one of the most likeable project in terms of its usecases & need of such project in this digital era.
The #DigitalGold project is a #blockchain based project. It works as the bridge b/w conventional gold marketplaces & Digital #crypto gold marketplaces because its #Ethereum based #Gold token is 100% backed by the Physical Gold.
Since the #Gold token is pegged to the value of physical #Gold price & the price of the gold is less volatile in comparison to other cryptos thus working as a stablecoin.
In a conventional market of gold people are facing lot of restrictions in purchasing & possessing the physical #Gold but #Digital Gold removes this drawback of conventional marketplace.
By purchasing #Digital #Gold token one can be assured & guaranteed to have the physical gold in his/her possession digitally. This purchase is facilitated by smart contract on ethereum blockchain. By purchasing #GOLD tokens user possess the gold digitally. He/She can sell that gold by using those #Gold tokens in the Crypto MARKETPLACE where they can be tradable.
As I mentioned each #Gold token is backed by physical #Gold ( each coin is equal to 1 gram of 99.99% FINE gold).
Features of using Digital Gold token at Glance
- DECENTRALIZATION
- TRANSPARENCY DUE TO SMART-CONTRACT BASED TRANSACTIONS
- IMMUTABILITY OF TRANSACTIONS RECORDS
- TRUSTWORTHINESS OF TRANSACTIONS
- HIGH LIQUIDITY
- CROSS-BORDER TRANSACTIONS
- ASSET SECURITY (SECURE GOLD OWNERSHIP)
- COMPANY'S SECURE VAULT CERTIFICATE
- HASSLE-FREE TRADE OF GOLD TOKENS
- LOW TRANSACTION FEE ( ETHEREUM NETWORK FEE ONLY) + NEGLIGIBLE ( 0.99%) ANNUAL STORAGE FEE
DIGITAL GOLD MARKETPLACE
Digital #Gold can be tradable in different Crypto exchanges with high amount of liquidity against #BTC, #ETH & other cryptos.
#Gold token is ERC-20 compatible token based on ethereum blockchain. Its marketplace allow users to purchase & sell GOLD token.
Price information can be seen by the customer at the marketplace. Users will also get to see the current spot price of gold, purchase price, & redemption price in both bitcoin (#BTC) & ether(ETH).
Along with this a chart displaying the evolution of the gold spot price over the last couple of days for the analysis of the price trends of gold market.
Summary
The digital #Gold is facilitating every need to purchase, sell & possess the gold digitally that too with utmost transparency, security & liquidity.
Also this project paving the way for those users who are naive to cryptocurrency world or yet to enter the new era of digital marketplace which uses the blockchain technology (a type of DLT).
I myself can't see any reason to not change my way of possessing, purchasing & selling in a conventional manner to digitally using #GOLD tokens.
Currently GOLD token can be tradable in its official platform https://gold.storage & also in https://cryptex.net but soon it'll be listed in major Crypto Exchanges too.
Website: https://gold.storage/
Facebook: https://www.facebook.com/golderc20
Twitter: https://twitter.com/gold_erc20
Medium: https://medium.com/@digitalgoldcoin
Telegram: https://t.me/digitalgoldcoin
Author- Sumit Bisht
BTT username - Sumit44
BTT profile : https://bitcointalk.org/index.php?action=profile;u=2396148