EFFICIENT APPROACH TOWARDS IMPROVING THE GOLD BUSINESS ECONOMY (DIGITAL GOLD)
INTRODUCTION
Gold has always been one of the oldest metal in the world. It is an excellent source of investment and exchange commodity throughout the centuries due to it's unique monetary storage value and low volatility. Gold business is a rather flexible investment opportunity for any individual because it is a convectional tradable asset regardless of the nation and currency. It guarantees efficient and favorable trading accounts, providing less risk of price inflation which assures that gold trading is recommended to be safe.
The sell , trading and storage of gold is decreasing globally because of the complex purchase regulatory requirements.
Several individuals who are interested in the Gold trading business have been asking themselves this question "Is there is a way to bypass the complicated requirements and purchase requirements established in trading gold? ". Well, the solution is realized through the emergence of blockchain technology and the Digital Gold project . Blockchain technology is an immutable, public, shared and decentralized network that is utilized to record and protect value. It is been applied in different working fields which has produced positive results. Moreover , blockchain was only used for recording cryptocurrency transactions, the success of Bitcoin on a global scale has changed the world's perception towards cryptocurrency and blockchain, therefore a general conception is considered which instigates that blockchain will be a groundbreaking step for the financial sector including the gold market.
The Digital Gold project actually believes in blockchain and it's capabilities , which is why they combined blockchain with gold trading to enable their mission to be more prestigious. Digital Gold is developed to enhance gold businesses and remove the restrictions , which will benefit investors and interested people . Leveraging blockchain technology, the project aims to provide tokens backed by physical gold that provides 100% asset security and guarantees that gold becomes more efficient and used sufficiently as a method of payment.
Website : https://gold.storage/home
The digitized ERC20 trademark token created by Digital Gold project permit users to easily trade, purchase and sell actual gold while being anonymous. The clients should worry about liquidity because the company (DIGITAL GOLD LTD) function as the main the liquidity provider, hence users can buy and sell huge amounts of tokens thorugh the Digital Gold official marketplace or partnership exchanges with ease.
The digitized gold token functions as a stable coin pegged to the price of actual gold in the trading market, guarantees high liquidity that will be available on demand 24/7 to clients. A Gold Erc20 token purchased by a user is equivalent to 1 gram of 99.99% of physical gold. The token can be utilized for multiple purposes due to transparency and smart contract functionality of the Ethereum blockchain network on which the Gold Token is built.
Digital Gold assures complete anonymity for users unlike the conventional gold trading business which demands users to provide personal information in compliance with regulations. Privacy is a main criteria for everyone , hence Digital Gold understands the importance of users privacy which is why the implementation of the Gold stablecoin will help users buy and own actual gold in the company's vault without the requirements of unnecessary paperwork and intermediaries while at same time keeping the client anonymous .
CONCLUSION
Digital Gold is here to revitalize the gold trading market with it's gold backed cryptocurrency tokens which permit users to obtain and trade physical gold easily. Although , they are numerous stable coins in the global market, the Gold token essentially differs from them because it is not linked to the fiat money but it is actual pegged to the price of physical GOLD in the global market.
For more details, click the links below ;
Website : https://gold.storage/home
Facebook : https://www.facebook.com/golderc20
Ann : https://bitcointalk.org/index.php?topic=5161544
Medium : https://medium.com/@digitalgoldcoin
Whitepaper : https://gold.storage/wp.pdf
My Bitcointalk Username : Johnson Knight
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary