DIGITAL GOLD : A SAFE WAY TO STORE AND MAKE TRANSACTION IN GOLD

Introduction

The digital ecosystem has experienced a drastic change in the past few years now. It has been introduced to a more smarter and efficient value management and a storage system. This force of change is referred to as the blockchain technology. The cryptocurrency world is yet to understand the full potential of blockchain technology since it is yet to be fully revealed.

What Is Blockchain Technology?

The blockchain technology is generally described as a transparent, immutable and a decentralized scrupulous database network that is used to record and store value. At first the blockchain technology was only circled around the digital currency circumference and so far the digital market appreciates its features for bringing decentralization into digital asset storage.

Welcome To Digital Gold

The Digital Gold platform is a project that is based on blockchain, it is designed to encourage digitization in the financial markets and in its investment instruments. This project will bring about a huge number of opportunities for its users which is the gold market but then again it will also cause a revolution in the blockchain technology as a whole.

Benefits Of Digital Gold For Its Users

• The users are able to purchase Gold tokens
• Users are able to carry out monetary transaction via the use of gold.
• Users are also able to leverage it as a wealth storage method.

Effects Of Blockchain In The Gold Market

So many start-ups that offers gold services based on blockchain has been searched out by the fintech market, the blockchain technology will influence the gold market in a positive way, let us discuss this;

• Ensuring asset security

The first thing that comes to mind when the blockchain technology is mentioned is 'security', so many people are discouraged from venturing into gold business because of a handful of problems, first how to keep it safe and then the risk of getting robbed, so many people back out from venturing into gold , but the application of blockchain technology makes it easy to deal in gold without even having to hold it and the Digital Gold Platform will be making sure to keep it in a well secured environment.

• Allowing gold to achieve consumer acceptance.
  Notwithstanding how valuable and popular gold is, so many people would rather not invest into gold because of the issue of not being able to exchange it for money. so most people prefers to use gold as a means of storing their wealth that a means of business, but the good news is that blockchain is able to make gold tradable and used for transaction.

Vision Of Digital Gold

The Digital Gold platform looks forward to enable users purchase coverage in physical gold through the ERC-20 Ethereum-based GOLD token.

Basic Value Of Digital Gold Token

The coin of the Digital GOLD token is equivalent to one gram of 99.9% of FINE gold that is being kept in a company's vault

The MarketPlace For Digital Gold

The Digital Gold Platform creates this marketplace to make room for an easy, effective and efficient transaction system,and to make this a reality,a user is to fill a form that initiates a smart contract which in turn transfers newly-minted GOLD tokens. This marketplace will serve as a better atmosphere for the GOLD token to be used in transaction, since this transaction is made straight away.

Conclusion

The Digital Gold platform is an innovative platform that looks forward to making the trading, exchange and storing of gold easy and safe, they will be combining effort with blockchain technology to bring this dream to a reality. Since the storing of gold proves to be highly risky and scary, the Digital Gold platform will make this all go away in a blink of an eye. Storing and trading of gold is about to get better and easy.

Useful Links

Digital Gold ANN : https://bitcointalk.org/index.php?topic=5161544
Digital Gold Whitepaper : https://gold.storage/wp.pdf
Digital Gold Website : https://gold.storage/home
Digital Gold Bounty : https://bitcointalk.org/index.php?topic=5164058
Digital Gold Medium : https://medium.com/@digitalgoldcoin
Digital Gold Facebook : https://www.facebook.com/golderc20
Digital Gold Tewitter : https://twitter.com/gold_erc20
Digital Gold Telegram : https://t.me/digitalgoldcoin
Hastang: #DigitalGold #TokenEmas

Authors Details

Bitcointalk username: kingairdrop
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1862137