Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
Trade DGD - DGD Markets, Exchanges, Broker
Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
Trade DGD - DGD Markets, Exchanges, Broker
Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
Trade DGD - DGD Markets, Exchanges, Broker
Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
Trade DGD - DGD Markets, Exchanges, Broker
Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
Trade DGD - DGD Markets, Exchanges, Broker
Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
Trade DGD - DGD Markets, Exchanges, Broker
Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
Trade DGD - DGD Markets, Exchanges, Broker
Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
Trade DGD - DGD Markets, Exchanges, Broker
Digix offers tokens for gold on the Ethereum blockchain. The company uses the blockchain and its immutability, transparency and predictability by applying it to precious physical assets. Digix has created a number of technologies such as the Proof of Asset Protocol (POA) and Digix Gold Tokens, the DigixDAO Coin, on Ethereum.
DigixDAO Coin - The Crypto Currency
In March 2016 Digix finished the first crowdsale on the Ethereum Blockchain. It exceeded expectations by taking 5.5 million within 12 hours. This resulted in Digix DAO, Ethereum's first major Distributed Autonomous Organization.
So far, Digix has created two types of Ethereum tokens, each with unique characteristics. These two tokens, DGX and DGD, complement each other to ensure their mutual success. DGX is intended to become the future gold standard for value sharing in the Ethereum ecosystem.
Each token represents 1 gram of 99.99% LBMA Standard Gold and is secured and deposited in safe houses. On-chain audit evidence, no breakage reserves and fully allocated gold bars are the key features of DGX. 100 DGX tokens stand for 100 grams of physical gold that the user can redeem in person or by mail.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees. They are used to submit proposals to DigixDAO for the purpose of increasing DGX adoption. The DGD value varies based on exchange rates and market forces. There are a total of 2,000,000 existing tokens.
DigixDAO Coin - The Company
Digix provides a use case for tokenizing and documenting physical assets through its Proof-of-Asset Protocol (PoA). The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its block chain.
This enables open and public verification of the existence of an asset without a central database. Digix also offers an API that allows other applications to be built on the company's asset tokenization service.
Ledger technology is based on participating users supplying the network by confirming transactions and using a general consensus mechanism (PoS). Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique bar of gold stored in designated deposits. The provenance of the gold is traceable, unchangeable and exists indefinitely. The user can buy gold quickly and efficiently via the company.
Digix has also developed a system to prove asset existences and the respective asset owner on the blockchain. Each step of the authentication process is permanently published via Ethereum and its IPFS.
The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse and Nadir Bullion. An established auditor, Inspectorate Bureau Veritas, offers quarterly audits of each individual gold asset in the company's safe houses.
According to the company, gold is the safest value to secure its own prosperity because gold has proven to be stable over time. Digix can also protect users from the inherent price volatility of digital assets with the gold standard.
The fact that buyers are issued gold bars immediately after the digital purchase of the gold was not previously available on the market. The storage of gold bars makes it more difficult to trade and use them. Digix provides the means to liquidate the metal and use it in everyday life with the same level of physical security.
Conclusion
Vitalik Buterin, programmer and co-founder of Ethereum, says about Digex: "Providing users with easy access to many different types of digital assets on the blockchain, and especially tokens associated with real-world assets, is critical to taking blockchain adoption to the next level and I welcome Digix's initiative to be the first of many to successfully launch such projects. DigixDAO offers a secure digital way to trade gold.
