A short review on Digital Gold
The crypto space is seeing enormous development as far back as it's initiation. Investigating a long time back when it was made, one can't generally trust it will work out as expected due to the things said about it; in any case, what I gained from the historical backdrop of the blockchain space is that any innovation sufficiently overseen and constructed will keep going long haul therefore increasing the value of humankind
Why Gold Stablecoin?
Cryptocurrency has three major functions, similar to currency:
1.Unit of Account
2.Medium of Exchange
- Store of Value
However, unpredictable price fluctuation (e.g. BCH and many more) has been a huge concern for mass adoption of cryptocurrency as store of value due to the following reasons:
- Volatile market sentiment
- Less market liquidity
- Static monetary adjustment design
- Unregulated market
Here comes Digital Gold, which aim to solve the price volatility concern by providing a stabilization mechanism for the coin value that is pegged with Gold just like USDT. The most well-known crytocurrency is probably USDT (i.e., USD Tether), which was issued by Tether.io and pegged with USD dollar with 1:1 ratio. Back in 2017, if you were a beginner to invest in cryptocurrency, you will find that you need to either buy bitcoin or USDT in order to purchase other cryptocurrencies. Since then, there are a few other stablecoin projects. USDT is extensively used and promoted by Bitfinex. After September 4th, 2017 ban of crypto trading in China, USDT becomes the only viable gateway to crypto trading exchanges in China related crypto exchanges.
Likewise, another accomplishment inside Digital Gold which made the platform special is the way that its token is steady that is, it is pegged to the spot cost of gold; no unpredictability, in contrast to different cryptographic forms of money, along these lines permitting long haul benefits.
Furthermore, since people are constantly wary about their assets, Digital Gold guarantees that there is constantly Independent live review to checkmate the quantity of tokens available for use just as the sum the platform is putting away.
Moreover, with the guide of blockchain innovation, Digital Gold had the option to draw off significant conceivable outcomes, for example, moment and minimal effort exchanges did by means of the Ethereum blockchain. There is unchanging nature for every affirmed exchange just as by and large system security and assurance from digital assaults, etc.
Conclusion
The cost of gold will be more reliable overall. This is because gold has certain characteristics and limitations in each collection strategy. As recourse is made to existing research, the proportion of gold on the planet that has increased the level is limited. It is intended to give the estimate of gold and thereby have a relentless effort.
In this sense, gold is a good choice, although the development is still ongoing. Throughout 2016, gold costs increased by 15%.
In addition, GOLD token owners can easily sell their gold tokens on the market offered by Stablecoin GOLD at https://gold.storage/exhibit
Nevertheless, bitcoin costs have gradually increased to $ 10,000. In addition, these costs will continue to increase and change at any time. This should bring up great things in the near future and really something crypto investors should keep an eye on.
For more information about Digital Gold, please visit:
Website : https://gold.storage
Whitepaper : https://gold.storage/wp.pdf
BTT ANN: https://bitcointalk.org/index.php?topic=5161544
Telegram : https://t.me/digitalgoldcoin
Twitter : https://twitter.com/gold_erc20
Medium: https://medium.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20
Author Details:
Bitcointalk Username: Abdulowad
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1328781