Steemit Crypto Academy week 7: Stable coins - Part2 @yohan2on @anamaria24
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What is Digix (DGX)
Created and placed on the decentralized market in 2016, it is an ERC-20 token based on blockchain blockchains based on ethereum, this means that there is the possibility of exchanging your DGX tokens for ethereum tokens. Based in Singapore, this platform has 2 DGD and DGX tokens, which DGX is linked and backed by 1 gram of gold and as gold is the most precious metal, this token is preferred by trading and large investors for safeguard its assets in gold, each of its tokens is backed and certified by the London market associate, this company verifies its veracity every 3 months to be in accordance with the law of each token to be backed in gold, its objective is to avoid market volatility and maintain the characteristics of a cryptocurrency.
Digix (DGX) Advantages and Disadvantages
Advantage
* It is really stable as it is backed by the most precious mineral on earth such as gold, it is really amazing and very efficient for people trading or trading goods.
* Through the platform you can easily buy tokens through the tokens themselves or another cryptocurrency.
* Since DGX tokens are based on ethereum, they can be used as collateral to request loans and make loans.
* Allows your investment without having to store physical gold.
Disadvantages
* It cannot be purchased with fiat currency.
* Although it is based on the ethereum block network on the blockchain, this token cannot be mined.
How to buy Digix (DGX)
DGX tokens can be traded through these exchange houses, they accept these cryptocurrencies to be exchanged: ETH, BTC, USDT, DAI, USD, VNR and IDR. And the same platform offers its services to store the tokens.
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These platforms support the DGX token as an online and offline payment method:
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DGX tokens can be easily managed through these wallets:
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Conclusión
The Digix cryptocurrency (DGX) is the preferred one of many investors to give it its use in trading and for others in order to save assets, since gold is the most precious metal there is, this coin is perfect to carry out all kinds of process backed by gold, I think that the future of the economy is cryptocurrencies and what better way to replace fiat currencies than backed currencies. Very good option for the world economy.
CC.
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02
Hi @anamaria24
Thanks for attending the 7th -Crypto course on stable coins and for your effort in doing the given homework task.
Feedback
Fairly done. More effort in your research work was needed.
Homework task
6.5
@yohan2on Teacher forgot to evaluate me
Professor Yohan, I have 3 days waiting for the grade of assignment 7
@yohan2on
check please