THE BRIDGING GOLD TO BLOCKCHAIN WITH DIGITAL GOLD
For centuries gold has always stood out as a very good store of wealth (value) this is so because gold maintains an unprecedented level of stability that makes it a better store of value than most fiat currency in the world today, although the preference for gold as a means of payment seemed to have declined due to the difficulties in exploration, storage, trading, high purchase requirements and attendant procedural complication but nevertheless gold will still continue to stand out as a major component of the world financial/asset markets and with the advent of digital gold it has but only gotten better.
The digital gold is fully a blockchain based innovation that is poised towards digitalizing the financial markets and its very many instruments. It gives users the ability to seamlessly buy coverage in physical gold using the unique tailor- made ERC-20 ethereum based Gold token. The digital gold no doubt holds a catalogue of opportunities for its enthusiastic users, the gold market and also for the blockchain technology. Its rejuvenates the dwindling rate of gold rush by making it become not just mere precious metal but also a precious metal that is accessible, available, easily transferrable (sold) without complications/limitations. With the digital gold project every coin is equal to one gram of 99.99 percent FINE gold that is stored in the company secured vaults, what this implies is that the token can be indirectly used to process monetary transactions or as a means or store of value with no form of ambiguous procedures.
The digital gold understands the adverse effects of market volatility beguiling the efficiency of most cryptocurrency transactions and so its ensures a stablecoin by pegging the token to the value of gold spot price, with modalities that give users the opportunity to enjoy a longer and a much more consistent gold price rate.
There is no need for users to entertain fears on the liquidity of this gold because digital gold provides an independent live audit that can be verified to ascertain if the exact number of tokens in circulation is actually equal to the quantity of physical gold stored in the vaults.
Blockchain is a unique technology likewise the precious gold metal and so the collaboration of gold and blockchain using the digital gold project as a bridging factor makes the duo a force to reckon with in the world financial market. It also provides innovative features that create low-cost transactions, effective immutability, impervious security infrastructure, optimal smart contract functionality, full market transparency with requisite support for ERC-20 wallets and alliance/compatibility partner exchanges.
The parent company is a liquidity supplier and so users of the digital gold innovation are also at liberty to utilize the digital gold marketplace to carry out unlimited buying and selling at little or no cost except for the very minimal annual service fee and gas tax ethereum based transactions.
CONCLUSION
Digital gold adds more beauty to the already existing ETF (exchange traded funds) of $100 billion by making it become not just a mere store of wealth and investment but also a viable means of payment for transaction processes.
For more information visit:
Website: https://gold.storage
Facebook: https://facebook.com/golderc20
Twitter: https://twitter.com/gold_erc20
Telegram: https://t.me/digitalgoldcoin
Bitcointalk: https://bitcointalk.org/index.php?topic=5161544
Whitepaper: https://gold.storage/wp.pdf
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