DIGIX: THE CRYPTOCURRENCY BACKED BY GOLD STANDARD.
Digix Global just launched its crypto-commodity coin DGX, where 1 DGX coin holds equal value to one gram of gold. The company aims to increase the liquidity of of gold across the world. Unlike other currencies which are backed by faith, each DGX token purchased simultaneously purchases one gram of gold which is held by DigixDAO and can be transfered to any wallet or even withdrawn locally as gold from one of their satellite distributors. They also created a second coin called DGD which isn't investing in gold but into the DigixDAO company itself. These are limited to 2,000,000 total supply and will vary based on exchange rates and market forces. While the odds are not that DGX will skyrocket in price like many ICOs have been due to the fact its value is tied to gold but it does have more security and stability so if you wish to have a liquid, stable, cryptocurrency DGX is a safe choice. DGD, the coin for the company, on the other hand has the potential to grow especially with its 2 million token supply and the growing volatility in the cryptocurrency markets.
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