DIGITAL GOLD

djadmika (25)in #digitalgold • 4 years ago

DIGITAL GOLD

THE GOLD STANDARD FOR YOUR CRYPTO

Source: https://gold.storage/wp/White_paper_en.pdf

BACKGROUND AND THE IDEA
Gold, can not be denied, is one of the luxury commodities that have been known for a long time. It cannot be known exactly when gold was found but since thousands of years BC, gold has become something that symbolizes majesty and glory as well as prosperity. The golden throne ornament has always been part of the ornament of a device of kings and even used in many relics of ancient buildings. Gold later became a medium of exchange that was generally accepted in several major civilizations in ancient times. Along with its development, gold has become an asset and not only used as jewelry, even many countries, through their respective central banks, have an interest in keeping their country's wealth in the form of gold.
Along with the times marked by the growth of the internet and the blockchain, gold also appears in the form of digital assets that are stable, strong, and reliable. This concept can minimize the risk of price volatility of cryptocurrencies on the market. This concept bears a similarity to the period when the paper money was guaranteed by gold in the bank used in the community, but the cryptocurrency clearly offered more liquid conditions. Perhaps this is when open-mindedness is needed to welcome gold-based cryptocurrency that can be widely accepted throughout the world. With its stable value, it is expected that Digital Gold can become a medium of payment in the future.

DIGITAL GOLD PROJECT
Digital Gold is a project that utilizes blockchain technology designed to encourage digitalization of the financial market through GOLD tokens under the ethereum (ERC-20) network. The use of gold-based blockchain is indeed not a new concept. This concept offers a more economical, efficient, and effective transaction without forgetting aspects of transparency and security. Customers can buy GOLD tokens instantly, with each GOLD token value equal to one gram of 99.99% fine gold stored in the company deposits. This indirectly allows all users to use gold as a payment medium, saving assets in other interests without having to save physical gold so that it is safer and more comfortable. The GOLD token is currently pegged to the value of spot gold prices and makes users protected from the price volatility of the cryptocurrency and makes it possible to take profit in the long term as the value of gold is always increasing from year to year.
The Digital Gold Project is not an Initial Coin Offering where there are no crowdfunding or fundraising from the public. All operating costs are self-funded, so each Gold Token acquisition results in the purchase of instant physical gold based on the smart contract. The GOLD Token community can now take advantage of the Digital Gold Marketplace to sell and buy GOLD Token instantly without a large fee. With GOLD Token, the gold undergoes a fundamental change in function. Not only as a medium of investment or saving wealth, but can be used as a medium of payment that is generally accepted throughout the world. This is certainly good news for all of us, especially gold lovers.

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What are the benefits offered by GOLD Token?
There are still many people who are hesitant about digital gold because there is no understanding that goes beyond the concepts offered. Digital Gold (GOLD Token) offers many advantages, including:

Stable Coin, where every 1 GOLD Token is worth 1 gram of gold 99.99% fine gold. This means that every outstanding GOLD Token is guaranteed by physical gold stored in the deposit. Its value is stable, according to the price of gold, making GOLD Token reliable, strong and safe when used as a payment medium. Users no longer need to worry about the price volatility of Cryptocurrency.
GOLD token have very high liquidity where sellers and buyers can quickly and safely trade them without time limits. This certainly cannot be done if we use physical gold.
There are no transaction fees charged for transactions using GOLD Tokens. All free. This of course will encourage the use of GOLD Token widely and in the future can be used as a medium of payment from our daily routine transactions.
Low storage costs compared to storing physical gold in banks or other financial institutions and of course without difficult procedures.
Security is guaranteed because 100% GOLD Token is guaranteed by physical gold. Especially with the support of decentralized blockchain technology, there are no more restrictions on accounts or blocking. All transactions that occur are truly in our own control.
Privacy is maintained because every purchase of GOLD Token does not require an identity as if we buy physical gold. Anonymity is one of the main principles in blockchain technology.
Buyback guarantee. Digital Gold guarantees all GOLD Token that we have. Each GOLD Token will be buyback according to the spot gold price at that time. This guarantee will certainly give confidence to the community about the value of the GOLD Token itself.

The GOLD token is the right solution
With the support of fine gold as described above, GOLD Token can be an effective, economical, and efficient solution without forgetting the security, comfort, and speed of transactions. This of course will be very suitable for various purposes from investment, payment media, or gifts for your beloved family. There is no need to worry about the ups and downs of our asset prices. Digital Gold is an example of a project that chooses to innovate with great attention and doubt about the progress of cryptocurrency. Instead of making a cryptocurrency project with all the risk of price fluctuations or conventional banking with a variety of complicated bureaucracies, Digital Gold actually presents a digital currency that has all the efficiency and effectiveness of cryptocurrency with the stability of values equivalent to precious gold. At least there are two problems resolved with the presence of a Gold Token. First, the problem of uncertain volatility in cryptocurrency prices will be resolved well. The number of tokens in circulation will be the same as the real gold saved. This certainly will reduce the motive for speculation for investors in investing. Second, the economic bubble problem will tend to disappear, because the formation of the GOLD Token price is not only based on demand and supply but also takes into account the current intrinsic price of gold.

CONCLUSION
Digitizing gold will certainly increase the attractiveness of gold itself throughout the world. Digital Gold's step in combining gold with blockchain technology will certainly revolutionize the current financial markets. This is inseparable from the price of gold which always rises over time. An open-minded is needed because the cryptocurrency has a negative rating for some people. Keep in mind, a Gold-based Cryptocurrency can be a milestone and maybe a medium for the payment of daily transactions in the future.

TEAMS
The Digital Gold Team is highly qualified people in their fields including finance, asset management, IT, and legal professionals, and has invested months of hard work to realize this launch.

TOKEN DETAILS
Token GOLD
Price 1 GOLD = 1 gram fine gold (99,99%)
Platform Ethereum
Wallet ERC-20 supported (MyEtherWallet, Metamask, Ledger Nano, Trezor, etc.)

USEFUL LINKS
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Twitter: https://twitter.com/gold_erc20
Facebook: https://www.facebook.com/golderc20
Medium: https://medium.com/@digitalgoldcoin
Telegram: https://t.me/digitalgoldcoin
ANN Thread: https://bitcointalk.org/index.php?topic=5161544
Bounty Thread: https://bitcointalk.org/index.php?topic=5164058.0