Digix Enabling the purchase of gold through digital means, Digix offers efficiency by allowing investors a token variant of gold, removing the necessity for physical storage. Digix supports two cryptocurrencies, DGX and DGD, each essential to its infrastructure. The company's gold sourcing maintains 99.99% purity from LBMA-certified refiners, guaranteeing quality without reliance on fractional reserves, instilling trust. As an investor, enjoy both the stability of gold's value and cryptocurrency's convenience.
Effectively, Digix digitizes gold investment, Ethereum leveraging blockchain's permanent, auditable, and transparent nature to bring those advantages to the invaluable resource of gold. Digix has crafted technologies such as DGX tokens and the proof-of-asset protocol (POA) to enhance security and trust.
What Defines Distributed Ledger Technology?
For those needing a quick rundown, Distributed Ledger Technology operates by engaging users in confirming transactions through consensus. Information blocks are organized and stored chronologically across all computers with transparency.
What is the Essence of the Proof-of-Asset Protocol?
Innovated by Digix, the POA system ascertains both the existence and ownership of assets within the distributed ledger. Each phase imprints proof records permanently onto IPFS and Ethereum.
What Sets Digix Apart?
A primary distinction of Digix over other investment methods is its immediate issuance of bullion directly digitally to clients, prioritizing personal ownership. By tapping gold's reliability yet enhancing liquidity, Digix enables easily tradable gold, usable in daily transactions while preserving its physical integrity.
What Other Major Features Define Digix?
Another significant aspect is Digix's physical gold bullion. Participation means purchasing refined bullion from esteemed sources, like Nadir Bullion, PAMP Suisse, Valcambi, fortified with Assay Certificates.
For enhanced security, Digix benefits from Bureau Veritas' external audits. Every quarter, they inspect the gold reserves within the vaults. Established in 1828, Bureau Veritas is celebrated globally for its certification, inspection, and testing services. Given its solid reputation, investors can trust its audit reports. Moreover, Digix offers the option for clients to receive DGX deliveries at associated locations. custodial vault .
A notable factor when investing in Digix is the inherent stability of gold. This makes it an excellent option for diversifying your cryptocurrency portfolio, safeguarding against the innate price fluctuations of digital and physical assets.
What Are DGD Tokens?
DGD tokens are intricately linked with DGX tokens. Holders can obtain quarterly rewards in DGD, proportional to DGX gathered as transaction fees. Operating as a decentralized community, DigixDAO promotes the Digix architecture, with DGD tokens guiding user participation on proposals to boost DGX's adoption. Active DGD participants stimulating ecosystem growth through proposal engagement earn rewards. The total circulation of DGD is limited to 2 million. To acquire DGD, potential owners must trade on cryptocurrency-centric exchanges, bypassing fiat currency purchases.
Although DGX tokens can be exchanged for gold, the same isn't valid for DGD tokens. Instead, DGD entitles holders to vote on initiatives aimed at expanding the Digix ecosystem.
Launched in March 2016, DGD pioneered as the first crowdsale on the Ethereum blockchain. Surpassing expectations, it achieved its $5.5 million target in a mere 12 hours, leading to the formation of the inaugural Distributed Autonomous Organization on Ethereum.
What Are DGX Tokens?
DGX tokens are a straight digital representation of gold. Each DGX equates to a gram of 99.99% pure LBMA gold securely stored in Safehouse vaults. Investors are empowered to redeem 100 DGX for physical gold, either by mail or in person. Digix envisions DGX as the forthcoming benchmark for transactions within Ethereum. Featuring on-chain audit confirmations, these tokens won't depend on fractional reserves. Set for release by the first quarter of 2018, DGX will only be available in the Digix marketplace using Ether.
DGX tokens conform to the Ethereum EIP20 standards, facilitating effortless integration in Ethereum smart contracts for varied uses. From purchasing everyday items like coffee using NFC to broader applications in real estate, commerce, financial management, lending, retail, or even salaries, DGX tokens demonstrate vast potential.
How to Buy DigixDAO DGD Tokens
Since DGD cannot be obtained through conventional monetary systems, initially acquiring a different currency — preferably Bitcoin or Ethereum — is imperative. Platforms like Coinbase allow procurement via bank transfers or credit cards, which can then be exchanged for DGD in a cryptocurrency marketplace. An additional guide provides further insights on acquisition.
Register at Coinbase
For newcomers to cryptocurrency, Coinbase is recommended for its user-friendly interface and full compliance with US regulations, ensuring a safe purchase environment. With the capability to buy Bitcoin, Litecoin, and Ethereum using cards or bank transfers, despite higher fees, instant currency availability makes it worthwhile.
Part of the registration involves identity verification, necessitating adherence to stringent financial regulations.
Make sure you use our link to signup A bonus of $10 in bitcoin is awarded upon your initial $100 purchase.
Initiate your journey by clicking 'Sign up' to access a registration form, requiring your name, email, and password creation.
Purchase Ethereum
Navigate to the 'Buy / Sell' tab in Coinbase, select 'Ethereum', choose your preferred payment method, and input your desired purchase amount — either in USD or Ether.
Subsequently, you'll need to confirm your transaction. If using a card, additional verification with your provider might be necessary. Upon completion, the Ethereum is credited to your account.
Purchase DGD at Binance
You can now send your Ether over to Binance Explore our guide on purchasing DGD. review of Binance here Discover our instructions for signing up and buying on exchanges.
DGD is listed on the following exchanges.
What Is the Digix Marketplace?
Digix already has its own demo version of a marketplace The initial version showcases the core functionalities of the marketplace. While the backend software for the POA protocol is still under development, enhancements are underway to enrich the visual aspects of the marketplace. User feedback is welcomed to help create a more appreciated platform. The beta marketplace operates on Kovan, thus requiring Kovan Ether for buying DGX tokens in the environment.
Conclusion
With Digix, investors can stake in gold, leveraging its historical stability without physical ownership. By tokenizing gold, Digix ensures each token's support by tangible gold, differentiating itself from systems reliant on reserves or lacking physical asset proof. The ambition is to enable token holders to incorporate their gold-backed tokens into everyday trades as effortlessly as other cryptocurrencies, reshaping gold investment.
