How safe is our Gold with the Digital Gold Platform?

With the revolution happening in the world's system, banks that have been the sole providers of financial services are slowly losing out as the center focus for transactions because of the appearance of new financial entities service-oriented to deliver diversified transaction types. The Blockchain network, however, has been brought in as a replacement for these financial institutes because it has proven to be worthy of trust since it is not controlled by a central entity and has an open-source code for seamless and instantaneous transactions.

What is the Digital Gold project about?

Currently, some coins on the crypto marketplace are slowly losing their values thus, arousing fear in users and preventing them from investing more.

However, gold has been a promising asset through time as it has been able to hold its value for many years since it was discovered. It is an asset that guarantees safety for wealth storage and survival for many years, into the future. Its digitalized nature through gold tokens will be easier to buy, sell, acquire, or purchase, making it an added advantage for cryptocurrency customers. And because the actual gold it represents is insured, the risk percentage will be greatly reduced.

What is the primary purpose of Digital Gold?
The primary purpose of the Digital Gold project is to create an Ethereum-based ERC-20 token that will serve as a bridge between the users and actual gold. These tokens will be used as tickets to preserve wealth through gold. All this will be done while users can still retain their anonymity.

How does Digital Gold plan to secure your tokens?

In regards to the security of the gold tokens, it can be concluded that because the trade is carried out on the Ethereum Blockchain, it will be safe. This is because the Blockchain has been reputed to be impenetrable. After all, it hasn't been successfully hacked to this day. Also, users' accounts are secured from third-party interference with a private key and some basic information that will serve as the user identifier. The token also permits ownership while allowing its user to be away from the spotlight or rather, remain private without exposing his or her identity.

What benefit do we gain from purchasing this token?

For Digital Gold, its tokens act as stable coins that are pegged to the price of physical gold; each coin is backed by gold, for its worth, and is stored by the company.

As a result of its compatibility as the ERC-20 token, Gold tokens are transacted on the Ethereum Blockchain so users are sure to enjoy the benefits that all other blockchain users enjoy ranging from; smart contracts functionality, quick transactions, and security, to automatic records, etc.

Gold tokens on the Blockchain will be traded with little or no cost compared to what may be charged to store gold at a bank or a safe house; a charge of 0.99% may be all that a user needs to pay for storage. The risk of having our physical gold stolen by burglars will also be reduced as all transactions, records, and accounting will be done digitally while the actual gold will be stored up.

Last Words

It is expected that the digitalization of gold will increase the demand for it thereby keeping it in existence for a long time maintaining its relevance but we can only invest and watch this reality being actualized. The digital gold token can be stored on wallets like Trezor, Ledger Nano S, Guarda, etc because the tokens are compatible with them. Also, note that for its marketplace the customer's support system is always available to help with any challenge bothering the users with regards to transacting processes.

Website
Whitepaper
ANN
Telegram
Steemit
Reddit
YouTube

Author: Lordrift