Buy, sell, store, pay in real Gold on the blockchain!
Buy, sell, store, pay in real Gold on the blockchain (auditable) - Digix stable coin is on Ethereum main net now. Ethereum's first ICO is live, being used in real life!
KYC process is just starting. Vaults fully audited in Singapore.
These are the projects that bring real world Blockchain use cases to the masses! Already they have 1000's of users signing up and the first DGX Gold tokens are being issued.
Imagine using real stable Gold coins paying for your next cup of coffee or funding a crowdsale with Gold or being able to hedge Crypto volatility with a decentralized Gold coin solution. This is truly revolutionary.
There are two tokens in Digix.
DGD is the governance voting token that pays back dividends from the Gold token trading and storage fees.
DGX is the actual Gold token. 1 DGD = 1 gram of Gold.
DGD Gold tokens are fully backed (audited) by these reserves in Singapore in a place called The Safe House below.
The applications of this project is fascinating.
Edit: This was not ETH first ICO but one of very first in early 2016. Digix is ETH's first DAO.
Really this is very good information D:) friend @hedge-x
thank you for sharing this post
This is a interesting use case for tokens, backed by gold, but can be a hassle because regulations because seems like a safe heaven to withdraw crypto profits
Thanks for sharing
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