This article will talk about a new project made on the Ethereum blockchain, which allows you to store your gold in a safe and reliable Internet storage.
Inroduction
What do you think is the most reliable asset for saving your own funds?
There are many options here, I think that someone might even think that cryptocurrency will be the best option, because there is no inflation, as in the stock market. But no, the most reliable asset for saving your own funds is gold.
For several thousand years people have been investing their money in gold, and gold still increases demand in the market and is constantly growing in price.
During any crisis in the world, people have invested money in a beautiful and reliable precious metal — gold. Many years have passed and now gold has a permanent status of a reliable asset for saving its funds.
That is why you need to invest your money in gold, there they will be completely safe, there are so many ways to invest your money in gold, today I will tell you about the safest, safest and most convenient way to invest.
About project:
The project, which I will tell you today, will help you to conveniently and safely store your money in gold, this project is called — Digital Gold.
This project is made on the Ethereum blockchain, he created his own token, through which the whole process of investing in gold takes place.
Each GOLD token is tied to real, physical gold:
Advantages of the project:
- HIGH LIQUIDITY
Token holder can instantly purchase or redeem tokens at this website or partner exchanges. - LOW COST
Low service costs comparable to the cost of storing gold at a bank - NO TRANSFER FEES
No fees on transactions. - SECURE
100% backed by physical gold. - PRIVACY
Own GOLD while remaining private.
Why should you use this project?
This project, Digital Gold, personally acts as a liquidity provider to the market, which means that you can buy or sell any number of GOLD tokens at any time.
The project is completely decentralized, only you will have access to your gold. The project is completely anonymous and private, no one will know that it is you who store the gold.
The most important advantage of this project over other similar projects that tried to make a stablecoin of gold is the real and complete binding of the project’s tokens to real, physical gold. Each token is fully backed by gold, so there is no doubt about the security and authenticity of the coin.
Digital Gold themselves store the gold to which your tokens are tied.
Storage of real gold:
You can check the amount of GOLD tokens and real gold stored in the storage here:
https://gold.storage/en/audits
The total amount of GOLD tokens in circulation is verifiable using any Ethereum blockchain explorer and equals to the total value of physical gold bullion stored in secure vault in partnership with BullionStar — leading vault storage service friendly to blockchain industry. Singapore strong property ownership rights make it the country of choice to store physical gold.
Compatible wallets:
GOLD token is based on Ethereum network and is compatible with the most popular cryptocurrency wallets that support Ethereum ERC20 standard tokens.
List of wallets, that you can use to trade buy or sell GOLD tokens:
- MyEtherWallet — https://www.myetherwallet.com
- MetaMask — https://metamask.io
- Guarda — https://metamask.io
- Ledger Nano S — https://www.ledgerwallet.com
- Trezor — https://trezor.io
My opinion about project:
I think that this is a rapidly developing project, which will become even more popular in the future, because a very large number of people are interested in investing money in gold, but many of them simply do not understand, they do not know how to properly invest money in gold.
I myself use this project, I bought a few coins, because they are constantly growing in price, the only drawback of this project, as I remember, is its location on the Ethereum blockchain, there are too large commissions for transferring these tokens.
Even if you do not want to keep your money in gold, then you can use this project as a convenient transfer of funds around the world, because there are no commissions for transfers to another person in Digital Gold.
Social-Media of project and author of article:
Website / Bitcointalk ANN / Get insight from the Whitepaper
Twitter / Medium/ Reddit / Facebook / Telegram Group
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bicointalk name: feewzyy
Ethereum: 0x372a99eD041A10BD63E4Fd322316AbAb79a4739e