Digital Gold - First 100% Liquid Stablecoin Backed by Gold

cakrasejati (25)in #gold • 5 years ago (edited)

Over the last couple of years, the digital ecosystem was introduced to a smarter and more efficient value management and storage system, referred to as blockchain technology. Its entire implications upon society are not completely understood at this moment, since the full potential of blockchain has not yet been unveiled.

Blockchain technology is generally described as a decentralized, transparent, immutable, shared and incorruptible database network that can be leveraged to record and store value. The initial use cases of blockchain were limited to digital currencies. For several years, blockchains were used solely to record cryptocurrency transactions. Bitcoin’s rapid success and growth as the world’s most valuable digital asset convinced people throughout the world that value could indeed be securely stored online.

Gold, on the other hand, is one of the world’s oldest trading commodities, as society has used it for thousands of years. During its long-span history, gold served many uses. It acted as a superior payment method, trading commodity, and excellent storage of value. Today, the prevalence of gold as a payment method has decreased, yet people continue to seek it thanks to its low price volatility, and excellent monetary storage potential.

Digital Gold represents a courageous and innovative project, meant to bridge the gap between gold and the digital ecosystem. The purpose of this white paper is to describe why and how blockchain technology can be leveraged to trade, store and use gold, via a method that is easy to comprehend and carry out.

Gold, on the other hand, is one of the world’s oldest trading commodities, as society has used it for thousands of year. It acted as a superior payment method, trading commodity, and excellent storage of value. Today, the prevalence of gold as a payment method has decreased, yet people continue to seek it thanks to its low price volatility, and excellent monetary storage potential. However, purchasing, storing and trading gold is not for everyone. Complicated procedures, alongside high purchase requirements have led to a decrease in gold usage by the general population. Its relevance remains, however, and it is believed that gold will continue to play an important role in the worldwide financial and asset markets.

Digital Gold represents a courageous and innovative project, meant to bridge the gap between gold and the digital ecosystem.

The GOLD token boasts several impressive features that aim to facilitate the usage of blockchain for digitizing assets.By leveraging the GOLD token to purchase digitized gold, customers do not face the risk of having their accounts blocked. This often happens with brokers due to their strict terms, such as limited country availability, trading limits, or invasive requests for personal information. On the other hand, the GOLD token allows users to trade as much as they would like, without needing to disclose their identities.

By purchasing gold via the token, customers get access to: