OpenLedger has added DigithDAO (DGD) gold-encoded gold-encoded DigithDAO (DGD) assets, allowing users to exchange DGD with Etherium, Bitquin and other digital assets on its decentralized trading platform.
April 28, 2016 - The OpenLedger platform now allows users to trade DigixDAO assets. The DigixDAO encrypted currency protocol is used on DigithGlobal's Gold-Digitized Gold Trading (DGX) Etherreum platform. As recently mentioned in Forbes, this event is one of the most recent developments in the field of encrypted currencies.
A gold-supported symbol is a gold standard for the encoded currency where the value of each DGX is offset by a certain amount of real gold stored in the company's reserve. DGD's assets allow the platform to operate like any other encrypted digital currency platform, and allows digital code to be handled via DigixDAO.
The digital gold assets produced by DigixGlobal (DGX) are supported by the actual gold, currently available for purchase only with Ethereum. All sales are recorded and documented as Smart Ethereum contracts where the value, transaction information and other information are recorded on the Ethereum Bluchein.
The origins of DigixDAO (DGD) are similar to shares and are owned by members who have contributed to the DigixDAO platform. They are entitled to receive part of the proceeds from the platform through DGX sales and transaction fees. Anyone can trade the DGD with ETH, BTC or any other encrypted currency at: https://openledger.info
Once the DGD is announced April 29, 2016, it will be possible to convert and withdraw the OPEN.DGD assets that were traded during the pre-launch phase. Users will be able to deposit DGD to OpenLedger: https://bitcointalk.org/index.php?topic=1437366.msg14541487#msg14541487
OpenLedger can now be accessed in the Far East much faster using a new server at www.openledger.hk
Gold is considered the standard exchange value for centuries. Even paper currencies were based on the actual value of the gold. But as the world economy grew and demand for money increased, the gold standard was gradually abandoned in paper currency. But again this system has been restored to the life of digital currency through DigixDAO. As part of this platform, all DGX gold symbols are supported with an equivalent value of LBMA gold purchased through the platform.
Each DGX is equivalent to 1 gram of gold and worth at any time equivalent to the value of the yellow metal at that time. DGX accepts retail, allowing people to buy and handle up to as little as one thousandth of a gram of gold, which is priced at about $ 0.04. The platform is charged 0.13% of transaction, with a limit of 1 DGX per transaction. DGX holders can also replace the gold digital monetary symbols on the Digix platform with gold equivalents whenever they wish.
When talking about gold and assets DigixDAO, co-founder of DigixGlobal and business development manager Shawn Djee says -
Gold has been one of the best-performing commodities since the beginning of this year, albeit with a limited and fluctuating trading range. And extrapolated over a longer period of time, the stability of gold as a hedge against political and economic risks is recognized.
DigixDAO is trying to make the best use of both the transaction functions of the technology and the stability of gold.
DGD and OpenLedger are ideal solutions for each other where DGD benefits from smart contracts based on Etherrium to record the value and transactions associated with gold coins. At the same time, OpenLedger offers a platform to incorporate these assets based on Etherum trading. Most of the ETH you are using DigixDAO, on which DGD is created is ultimately owned by people who have contributed ETH during the DGD sale.
The "investment" of ETH, led to the registration and control of DGD and digital gold coins (DGX) by intelligent contracts to ensure value as well as to maintain appropriate records of all transactions on the blockchain.
OpenLedger is a decrypted currency exchange based on BitShares 2.0 graphene licensed blockchain technology from the Massachusetts Institute of Technology. The platform allows users to exchange different encrypted currencies and also provides the option to create their own digital assets. These digital assets are created using OpenLedger's blockchain technology and sold on the same platform as well.
Although DigixDAO initially benefits from the inclusion of OpenLedger's Ethereum assets to incorporate DGD assets, it intends to eventually include DGX, the digital symbol gold coins on OpenLedger. This will allow people to buy DigixGlobal coins supported by Gold directly from OpenLedger. At the same time, the DGD purchased on OpenLedger can be transferred to the buyer's Etherrium portfolios.
With such cooperation, it will be easy for people to buy any amount of gold directly across the exchange platform encrypted using any digital currency.
About OpenLedger:
OpenLedger is a decentralized digital currency platform created by CCEDK, a well-known Danish currency exchange company. It allows users to convert Bitquin into banknotes and then can be withdrawn in several ways. OpenLedger is powered by graphene blockchain technology, built on BitShares 2.0 licensed from MIT.
About Digix:
Digix is a decentralized platform built on Ethereum for gold-backed digital assets from all sides. The platform benefits from Smart Etherrium contracts and a high-end media distribution protocol for file system to facilitate the creation of removable encrypted assets on the blockchain.
Learn more about the Digix platform at: https://dgx.io
Learn more about OpenLedger DGD trading on bitcointalk: https://bitcointalk.org/index.php?topic=1437366.msg14541487#msg14541487
DGD trading with ETH and BTC or any coded currency on: https://openledger.info Users can also trade DGD with any encrypted currency they wish on the innovative OpenLedger platform
Read more about DigixDAO and OpenLedger on Forbes at: http://www.forbes.com/sites/rogeraitken/2016/04/23/digital-gold-done-right-with-digixdao-crypto-trading-on-opened
Here is a simple video explaining about trading on the OpenLedger platform.
Means of communication:
Name: Ronnie Bosing
E-mail: [email protected]
City and Location: Polkes, Denmark
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