Digital gold, standard gold for your cryptocurrency

Before we focus on the in-depth Digital Gold project, it's important to give an overview of why digital gold is so highly relevant to the cryptocurrency market. Currently, the financial market holds a huge number of exchange-traded gold (ETF) funds, with a very large number of funds. For example, SPDR Gold Shares (GLD) currently has a market capitalization of over US $ 36 billion, proving that gold is still an attractive asset for investors around the world. Total market capitalization of the gold market is difficult to determine, but it exceeds the $ 100 billion threshold. The simple amount of capital invested in these funds, compared to the amount of gold purchased and stored, leads to a simple conclusion: the public is not inclined to buy, store and process.

Buying and storing real gold leads to complications, such as compliance with strict legal procedures and compliance with security measures.
The reason behind this statement varies, but many users are familiar with financial markets. Buying and storing real gold leads to complications, such as compliance with strict legal procedures and compliance with security measures. Therefore, consumers prefer to complain to third parties to handle these aspects for them. In this scenario, an appropriate alternative for ETFs is to buy symbolic gold. This is exactly what the Digital Gold project is about, while giving users a number of benefits. By using the GOLD token to buy digital gold, customers are at no risk of having their accounts blocked. This often happens to brokers because of their strict conditions, such as limited countries, trading restrictions or requests for invasion of personal information. On the other hand, GOLD tokens allow users to negotiate as much as they want without having to reveal their identities.

Digital gold, intending to encourage digitalization of their financial markets and associated investment instruments

Digital gold is a blockchain-based project designed to encourage digitization of their financial markets and related investment tools. He hopes to do this by allowing users to purchase physical gold insurance, through a GOLD token based on ERC-20 Ethereum. The project has many benefits for users, the gold market, but also for the entire blockchain technology. With this in mind, customers can use the platform to instantly buy GOLD tokens. Each piece equals one gram of 99.99% gold stored in the company's stock. As such, the token allows users to use gold indirectly for cash transactions or as a store of wealth. Website: https://gold.st Storage /

The token is indexed according to the value of the spot gold price, thus also playing a stable role. This makes it useful to protect against market volatility in the cryptocurrency market, while also allowing users to take advantage of the long-term upward gold price trend. Liquidity is guaranteed at all times, as independent live audits can be verified to cross-check the number of tokens in circulation with the amount of gold stored in the vault. Digitizing gold will not fail to enhance the global appeal of precious metals, which have been sought and used by humans for thousands of years. Cross-deployment of gold technology and blockchain is another success scenario.

Use Blockchain to solve problems

Speaking of blockchain, its application in the Digital Gold project allows a number of innovative features, including, but not limited to, instant and inexpensive transactions made through the Ethereum blockchain, immutability of all confirmed transactions (no reload risk), global network security and network attack protection, smart contract function (provide instant gold purchase for each token ), transparency of the market, support for all portfolios, and support for ERC20 gold token negotiation on partner exchanges. The GOLD token community can use the Digital Gold Market to buy and / or sell tokens immediately. The parent company is also a liquidity provider.

The Digital Gold project is not an initial cash offer because no community fundraising efforts are underway. Since all activities are self-funded, any acquisition of GOLD tokens leads to the immediate purchase of contract-based smart physical gold. Global interest in the gold market has been known, since the value of gold traded on stock exchanges (ETF) exceeds the $ 100 billion threshold. With GOLD tokens, precious metals can now be more than just a store of wealth and an investment tool. Using blockchain, gold can now be used as a means of payment for all types of transactions.

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