Digix tokenizes physical gold on the Ethereum blockchain
What is DigixDAO (DGD)?
DigixDAO is a peer to peer, open-source cryptocurrency which is issued against real gold, on the Ethereum network, using a Smart Contract. The original gold bullion which has been tokenized is kept in a safe house in Singapore. Digix has built a range of technologies including The Proof of Asset Protocol (POA) and Digix Gold Tokens (DGX) on Ethereum.
DigixDAO (DGD): History
Digix was incorporated in Singapore in December 2014. During March 2015, Digix collaborated with Ethereum foundation to make the network on Ethereum blockchain. The beta platform was founded on Frontier in January 2016. The company led by Teo Hye, Chng (Chairman), Kai Cheng, Chng (CEO) and Anthony Eufemio (CTO) all of whom come from impeccable backgrounds.
How Does DigixDAO (DGD) Work?
It is possible DigixDAO users to own tokens which are issued against real gold bullion. One a physical gold bar is owned by the company, it is registered as a digital asset, and a gold asset card is created that particular bullion bar. Then the asset card goes through a minting software which forms Digix gold tokens. Then the token will issue to the users who can buy, sell and trade these tokens. Once the user needs to return the tokens, then it goes via Recast software which again creates a Gold asset card, including all the details of the original gold bullion. It can be redeemed against the physical gold bullion. Each DGD token represents 1g of gold, and each token can be divided into 1000 parts.
How to Buy DigixDAO (DGD)?
First of all, you are required to create a DigixDAO wallet to store your coins. You can choose MyEthereWallet for storing your DigixDAO coins as it is the easiest and convenient wallet option for you. Then you can buy Ethereum by using Coinbase. Then trade it for DigixDAO.
DigixDAO (DGD) Price Prediction 2018
DGD can be a profitable investment option. DigixDAO price equal to 309.267 USD at 2018-02-22. If you buy DigixDAO for 100 dollars today, you will get a total of 0.323 DGD. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-17 is 736.223 US Dollars. With a 5-year investment, the revenue is expected to be around +138.05%. Your current $100 investment may be up to $238.05 in 2022. DigixDAO (DGD) price today is $311.45 and have the current supply of 2,000,000 DGD. The market cap value is $622,904,000, and the volume is marked as $92,586,700. DigixDAO price prediction, DigixDAO price forecast, DigixDAO price and news, DGD price forecast, DGD price prediction 2018, What is the price of DigixDAO 2018.