DIGITAL GOLD: The Future of Gold Based On Blockchain Technology:
The Concept Of The Gold Stablecoin Ecosystem:
Introduction:
GOLD Stablecoin is a digital property of a new era, classified as a measured piece and based on real gold bars stored in a secure store. The marker is implemented on the Ethereum blockchain (ERC-20 standard), which guarantees permeability, confidentiality, security and durability - exactly what they offer to traders in an encrypted and precious metals company. GOLD Token is manufactured and operated by DIGITAL GOLD LTD, registered in Saint Vincent and the Grenadines.
The main purpose of the Digital Gold project, is to create an Ethereum-based, ERC-20 token that users can leverage to easily buy, sell, trade, store, or transfer investment-grade gold. These actions can be carried out conveniently and securely, while preserving user anonymity. It is essential to keep in mind that the ERC-20 GOLD token is backed by physical gold, stored in the company’s secure vault. As liquidity is guaranteed, the token takes the form of a stablecoin, since its price is directly linked to the current gold spot prices.
Trust is easily attained by relying on the Ethereum blockchain platform, well-known for its ERC-20 token support, and smart contract functionality. Therefore, upon purchasing one GOLD token, users enter a smart contract which ensures that the amount of tokens in circulation is always equal to the amount of gold bullion the company stores in its vault. This way, users are fully-protected from liquidity issues, as there will always be enough gold to cover all tokens in circulation. Whenever they see fit, users can purchase, sell and trade their gold with ease.
The digital GOLD token has been intended to go about as a stablecoin, pegged to the cost of gold. When it comes down to stablecoin, they are for the most part pegged to different resources or monetary forms, but on the other hand are collateralized. This implies the quantity of coins put into dissemination is straightforwardly supported by resources that are put away in organization saves. Along these lines, client tokens are ensured against high-showcase unpredictability, though the estimation of the tokens stays stable through time. These angles completely apply to the GOLD token, on account of its stablecoin status.
FEATURES OF THE GOLD STABLECOIN PLATFORM:
a. Safe Heaven:
Gold is an asset that has proven its value over thousands of years. Its unprecedented long term purchasing power stability has made it the safe heaven asset of choice. GOLD as a token fully backed by physical gold, is your hedge against volatile price swings and poor crypto market conditions. The token can be instantly bought, sold and transferred making it a great addition to your portfolio.
b. No Transfer Fees, Low Costs:
Make payments in GOLD with absolutely no transaction fees. This means that you can make as much payments as you like whenever you need to, free of charge. GOLD can even be used for daily financial routine such as payments to your friends and business transactions. Service costs are comparable or lower to storing gold at a depository or bank, with no hassle or paperwork. The cost is a small percent of GOLD holding charged daily on your GOLD balance.
c. Secure:
100% of GOLD is backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens in real-time. All physical gold stored in vault is fully insured, 100% of the time.
The insurance covers all risks at full replacement value and is provided by one of the world's largest insurance specie underwriters, Chubb Insurance. Storing physical gold on your own has a number of inherent dangers/problems that can be avoided by using GOLD. Such dangers include home burglary and security risk going to and from the bank, if you choose to store gold at home or limited access if you choose to keep your gold at a bank.
d. High Liquidity:
Token issuer company, DIGITAL GOLD LTD, is a liquidity supplier enabling purchase and sale of large amounts of tokens very close to market price. Token holder can instantly purchase or sell tokens at this website or partner exchanges.
While using GOLD, you are not bound to local business hours that may prevent you from accessing and selling physical gold at a favorable price or if an urgent personal need arises. There is no need to physically take gold to a dealer to be sold. GOLD token's liquidity is exceptional, because the tokens can be sold 24/7.
e. Privacy-Conscious:
It is a common knowledge that physical gold dealing requires disclosure of personal information and compliance with local regulations that vary widely from country to country. In the age of NSA, and almost everyone urge to collect data, GOLD is your opportunity to own physical gold while remaining private.
f. Life Expectancy:
The Lindy effect is a concept that the future life expectancy of asset or technology is proportional to their current age, so that the longer the asset exists the longed future life expectancy. Applicable to gold, that has officially lost its role as money, but has thousands of years behind it ensuring its value for centuries, if not thousands of years to come.
BENEFITS OF THE GOLD STABLECOIN PLATFORM:
By empowering a decentralized framework that is secure and stable, everything from cross-fringe loaning to monetary arranging could profit. With decentralized loaning, for instance, stablecoin could help guarantee a solid domain for P2P exchanges to happen without expecting to utilize an unstable a digital money like Bitcoin to execute.
Extensively, this could change those associated with applications over the digital currency space, for example, merchants, speculators, and blockchain-based organizations.
They could give crypto holders, for instance, with a place of refuge in case of a market crash, as they can move their assets from exceptionally unpredictable digital forms of money into stablecoin.
Holders of Gold-sponsored Stablecoin basically hold an unmistakable resource that has genuine worth, something most cryptographic forms of money don't have. These wares even can possibly acknowledge in an incentive after some time, which gives expanded motivating force for individuals to hold and utilize these coins.
On account of product collateralized stablecoin, anybody on the planet could possibly put resources into valuable metals like gold, or even land in Switzerland. These sorts of advantages have commonly been saved for the well off, yet stablecoin open up new conceivable outcomes of ventures to average people all around.
GOLD STABLECOIN SOLUTIONS:
GOLD is a digital crypto asset backed up by physical gold, which is purchased every time a token is issued and stored in a secure vault in Singapore. GOLD is a safe, convenient and quick solution that serves many purposes from investment and portfolio diversification to secure transactions and gift to your relatives. GOLD is a transparent financial instrument, where physical gold purchased by our company is easily matched real-time against the amount of issued tokens.
• Protection from volatility and portfolio diversification
• Investments in gold tokenized and simplified by GOLD
• Alternative to traditional FIAT-based stablecoins
• Perfect digital gift with golden value
• Reliable digital asset for convenient storage and secure transactions
• Protect your savings from inflation.
ROAD-MAP:
**For More Information On Goldstablecoin Project, Please Kindly Visit The Links Below: **
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=5161544
Twitter: https://twitter.com/gold_erc20
Facebook: https://www.facebook.com/golderc20
Medium: https://medium.com/@digitalgoldcoin
Telegram: https://t.me/digitalgoldcoin
AUTHORS’ DETAILS:
Bitcointalk Username: Dtotti78
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2343031
My Eth Wallet Address: 0xc5a639f58cb8deffff8513e2ad5f28f46d678b74