+10.30% growth: How to Buy Digix Gold Token (DGX) – A Step by Step Guide
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What is DGX?
Founded in Singapore in Dec 2014, DigixDAO (DGD) is building a decentralized autonomous organization (DAO) that specializes in the tokenization of physical assets. The project provides the infrastructure to create tokens backed by physical assets on the blockchain. To wit, it allows for the public verification of an asset’s existence through its chain of custody via its Proof of Provenance (PoP) protocol, which makes use of the Ethereum network and the Interplanetary File System (IPFS).
Digix also offers an API that enables other applications to be built on top of its asset tokenization service.
Digix has 2 cryptocurrencies, Digix Gold (DGX) and DigixDAO (DGD).
The company reportedly procures its gold from LBMA-approved refiners. For security, Digix includes third-party auditing from Bureau Veritas. The DGD crowdsale in Mar 2016 was the first crowdsale and major DAO hosted on the Ethereum network.
Currently DGX is being ranked 353 on Coinmarketcap and has recently surged a hefty 10.30% at the time of writing.
DGX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies it cannot be directly purchased with fiats. However, the good news is that it's being listed on Binance and KuCoin, two of the top crypto exchanges and has huge daily trading volumes. You can easily buy this coin with bitcoin purchased from any large exchanges, in this guide article we will walk you through in detail the steps to buy DGX.