As we all know the humankind is facing probably the worst kind of epidemic i.e. #Covid19 since Spanish flu of 1918. Due to this the global economic slowdown has broken the economy of all countries.
Almost every country is facing this inevitable recession & slowdown.
Now people are trying to figure out what if this remain persists longer than they would have thought & also there is no guarantee that such mishaps will never going to happen again in the future.

Most of the People are thinking of the ways to invest their earnings so they can overcome/face such challenging time in future since they may loose their jobs.

Once again #Fiat currency is succumbing. Now let us talk about what are the best option we have in present.

That is where #Gold & digital currencies comes into play. People are procuring precious metals like #Gold since ages.

But now the time has changed. This era belongs to digital currencncies & its marketplaces.
The way we used to purchase #Gold is now changed completely. We have now more advanced & easily viable methods to purchase #Gold in Decentralised digital marketplace with digital currencies.

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