Digital Gold : The Long Awaited Solution to Reduce the Entry Barrier into the Gold Market
James Simon is a burdening young businessman from the fast-developing nation Mauritius. He has always had a thing for precious stones I,e Diamonds, Gold, Saphire e.t.c . His love for these gems has led him into purchasing a few along his line of business, but he had terrible ordeals. The challenges he has had to deal with often start from his procurement of the priced assets and end in its theft. James original plan was to embark on a crude mining plant to serve as a supplier to his jewelry store and outlet, but constant security threat and legal requirement turned his dreams of being one of the largest owner/ dealer of live physical gold into a nightmare. Along the line, he came across the option of investing in Gold via ETFs using brokers, but he was let down by strict terms such as limited availability to certain countries, trade limits as well constant inquisition for personal details which he can’t provide.
**The Digital Gold solution**
image from https://gold.storage/wp.pdf
The Digital Gold platform is an innovative project that harnesses the power of blockchain technology to provide the much-required solutions to problems bedeviling the Gold ecosystem. Blockchain technology proposes a highly secured, transparent, immutable, decentralized, borderless, and low-cost ecosystem for the perpetuation of all form of transactions as well as the storage of value. The Digital Gold platform intends to use blockchain technology to bridge the gap between the digital and physical Gold ecosystem.
image from https://gold.storage
The Digital Gold Solution features the Gold Token (GOLD) which is built on the Ethereum blockchain using the erc-20 standard. The Digital Gold Company backs up the GOLD token against one gram of 99.99% fine physical Gold which is locked away in the Company’s vault. With this Solution, the James of this world can now store their gold securely in any erc-20 wallet such as Metamask, Trevor e.t.c without the persistent threat posed by jewelry thieves w2ho are always in search of this precious stones.
The Digital Gold solution is also profitable in the sense that thanks to the implementation of blockchain technology, the James of this world can seamlessly transfer GOLD (which is equivalent to 1 gram of Physical gold) to any part of the world without fear of arduous legal restrictions, high cost of transaction and the security risk often associated with the transfer of physical gold. Also, the Digital Gold solution favors more secured acquisition, ownership, storage, and traceability of gold.
One crucial component of the Digital Gold platform is the Marketplace. The Digital Gold Marketplace provides a medium that guarantees seamless entrance into the Gold Market for the James of this world who has been on the fringes all this while. With the Digital Gold Marketplace, the Johns of this world no longer need to worry about strict restrictions they face when trying to acquire gold through third parties and are now free to purchase as much GOLD via BTC and ETH using the Marketplace without limits and restrictions as well as rendering unnecessary personal details.
In Conclusion, Digital Gold is the long-awaited platform poised to encourage the entrance of all and sundry into the Gold market without fear of limits and restrictions, inefficiency and as well as security threats. It’s beyond doubt that with Digital Gold the James of this world will finally have the chance to partake of the yields of the Gold Market.
To get more information about Digital Gold, use the links below;
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Twitter: https://twitter.com/gold_erc20
Medium: https://medium.com/@digitalgoldcoin
Telegram: https://t.me/digitalgoldcoin
Author: mrsparks
Bitcointalk Profile Link; https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary