I am glad to welcome you dear readers. Today we will talk once again about gold, and more specifically about the Digital GOLD project.
Blockchain technology is commonly described as a decentralized, transparent, immutable, shared and incorruptible database network that can be used to record and store value. The first use of blockchain was limited to digital coins. The market has fully appreciated its functionality as it introduces decentralization in the storage of digital assets. This concept is essential to the success of blockchain technology as it does not allow Central authorities to edit stored data. Transparency increases the overall reliability of the network, while its cryptographic support allows highly secure but cost-effective transactions in the market. For several years, blockchain technology has only been used to record cryptocurrency transactions. The rapid success and growth of bitcoin as the world's most valuable digital resource has convinced the world that value can indeed be safely stored on the Internet. It has also opened up a whole host of opportunities, as most people who know blockchain well agree that it could disrupt and revolutionize most industries in the world.
Digital GOLD is a bold and innovative project to bridge the gap between gold and the digital ecosystem
Gold, on the other hand, is one of the oldest trading products in the world used by society for millennia. Throughout its history, gold has been used for many purposes. It was an excellent means of payment, a commercial commodity, and an excellent store of value. Today, the Prevalence of gold as a means of payment has declined, but people continue to look for it because of its low price volatility and its excellent potential for money storage. However, buying, storing and trading gold is not for everyone. Complex procedures combined with high procurement requirements have led to a reduction in the use of gold by the population as a whole. However, its relevance remains, and it is expected that gold will continue to play an important role in the global financial and asset markets. Digital Gold is a bold and innovative project designed to bridge the gap between gold and the digital ecosystem. The purpose of this White paper is to describe why and how blockchain technology can be used to exchange, store and use gold using a method that is easy to understand and apply.
Users can easily use to buy, sell, exchange, store or transfer high quality gold
The main goal of the Digital Gold project is to create an ERC-20 token based on Ethereum, with which users can easily buy, sell, trade, store or transfer high-quality gold. These actions can be carried out easily and safely, while maintaining the anonymity of users. It is important to keep in mind that the ERC-20 Gold chip is supported by physical gold stored in a secure company safe. When liquidity is guaranteed, the chip takes the form of a stable currency, its price is directly related to the current spot gold prices.
Trust is easy to achieve with the Ethereum blockchain platform known for its ERC-20 chip holder and intelligent contract functionality. Therefore, when buying a gold token, users enter into an intellectual contract that ensures that the number of coins in circulation is always equal to the number of gold bars that the company keeps in its safe. Thus, users are fully protected from liquidity problems, as there will always be enough gold to cover all the chips in circulation. Whenever they see fit, users can easily buy, sell and exchange their gold. The gold token will allow users to purchase 1 gram of gold plating for a 99.99% penalty. In terms of nominal price, the parent company is a liquidity provider, gold can be bought at a price very close to current market rates. Users can also make an unlimited number of transactions.
All gold purchased with the gold token is stored in the company's safe, in partnership with BullionStar
To ensure a higher degree of trust, all gold purchased through the Gold token is stored in the company's vault in partnership with BullionStar. The Digital GOLD project also aims to be transparent about the current number of tokens in circulation and the total amount of physical gold stored. BullionStar also audits safe Deposit boxes to determine the total amount of gold stored. Chip users are advised to check the live audit and safe certificate for peace of mind.
Thank you for attention!
All useful links can be found below:
Website: https://gold.storage/home
Whitepaper: https://gold.storage/wp.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
FACEBOOK: https://www.facebook.com/golderc20
TWITTER: https://twitter.com/gold_erc20
MEDIUM: https://medium.com/@digitalgoldcoin
REDDIT: https://www.reddit.com/r/golderc20
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