Gold, one of the most precious metals in the world, used today in various sectors of industry, has played an important role in the history of humanity as an asset of high monetary value thanks to its scarcity and durability.
Currently, metal is considered to be the main store of value along with the US dollar, with many countries still holding large reserves of gold, such as the United States of America, which until 1971 used gold as ballast for the dollar.
Gold is used to protect itself from the inflation of fiat currencies, because unlike them, gold is scarce, and it is not possible to “print” or “forge” gold from absolute nothingness.
A gold-backed cryptocurrency
Digital Gold aims to allow investors in the cryptocurrency market to invest in gold easily, quickly and without bureaucracy through gold tokenization. Learn more: https://gold.storage/en/home
Each GOLD token is equivalent to 1 gram of gold, that is, for each one new token purchased on the website and issued through a smart contract, the company purchased a new gram of gold, and stores it in its safe, where it will be completely safe. With this, the user can buy, sell, trade and store gold instantly through the Digital Gold platform or on partner exchanges, and exchange it at any time for USD, BTC and ETH..
Gold tokens use the ERC20 protocol, native tokens from the ethereum network.
Just like Fiat Money-backed stablecoins, gold-backed tokens become great options to protect yourself from the volatility of the cryptocurrency market, being an even more advantageous and safer option than storing your wealth in fiat currencies, such as the dollar and the euro, since the price of the token will be directly linked to the price of gold in the global market.
Audit
Auditing is extremely important, and is taken seriously by Digital Gold. Audits are carried out frequently, in order to maintain transparency and ensure that tokens are actually backed by physical gold.
Currently, audit work is carried out by ChainSecurity: https://gold.storage/Statement-of-Security-Audit-for-Gold.Storage.pdf
How to acquire Digital Gold
You can purchase the Digital Gold Token through the official website: https://gold.storage/en/market or through the exchange BitForex and Livecoin.
Why buy Digital Gold tokens?
As stated earlier, gold is one of the main reserves of value in the world, many investors buy gold to protect their assets from the devaluation of fiat currency, the token can also be used as an investment, being a more simplified way to be acquired. Learn more: https://gold.storage/en/home
However, we do not always have easy access to physical gold, many people choose to buy digital gold certificates, Digital Gold offers this option to investors in the cryptocurrency market, making it possible to purchase tokenized gold, without unnecessary bureaucracy.
The Gold token can be an excellent alternative as ‘stablecoin’ backed by precious metals like gold, objectively to protect itself from major fluctuations present in the cryptocurrency market.
The digitization of gold through blockchain technology, in addition to ensuring transparency, also becomes a more viable option of acquiring gold-backed assets, as it requires less bureaucracy compared to the traditional market.
This article is informative, not an investment recommendation.
Article written by: Heinz
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2163067
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Twitter: https://twitter.com/Felippe_Heinz
Website : https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Telegram: https://t.me/digitalgoldcoin
Steemit: https://steemit.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20/
Bitcointalk: https://bitcointalk.org/index.php?topic=5161544
