DIGITAL GOLD : A PLATFORM FOR A REVOLUTIONAL PROJECT FOR GOLD BUSINESS
Ryan619Introduction
So presumably you will get a kick out of the chance to put resources into some asset like gold,when you state gold is important and you will get a kick out of the chance to put resources into gold and wait,have you gauged the geniuses and the coins
Masters
Many individuals state gold is ,stable,some state it's important and you can offer it to someone and the individual will really welcome you for giving them a gift,how about the high liquidity for gold and the potential for high gainfulness
Cons
Where would i be able to purchase gold? Is it extremely simple to find a place where you can purchase gold?
Who will offer to me? Not at all like digital forms of money and other items,there is actually no P2P market for gold.
When would i be able to purchase? would i be able to purchase gold anytime, or are there time requirements on clients.
Security? In the event that I carry gold to my house,can I securely store it without the dread of been looted
Security? Would i be able to keep my security and still keep my gold safe
Kyc ? the issue of filling a great deal of reports,
Time and cost constraints: It takes a great deal of time and cost to do this
That incited the digital gold project,it's an undertaking that fixates on how would we carry innovation to make the buying and exchanging of gold extremely consistent and to achieve this the group approached utilizing the blockchain innovation,
To somebody who is curious about with blockchain technology,it's the motor or innovation behind digital forms of money like bitcoin,ethereum,ripple XRP and a large group of others
While cryptographic forms of money are generally excellent ,they despite everything have a couple of disadvantages
Aces of digital forms of money
Speed: they are quick
Cross fringe: Exchanges are not influenced by outskirts and nation restrictions
Modest: offer modest exchanges at nearly the division of the expense
Beneficial: putting resources into digital forms of money can in some cases be entirely productive and at times not gainful
Cons
Unpredictability: Imagine a scenario where you purchased a digital asset not many months back for $10 and today it's worth under $1,will you be content with such change,the answer certainly is NO.
Capacity: Additionally there is the issue with the capacity of digital coins,there is consistently the dread of been presented to programmers and thieves,another issue revolves around the chance of losing one's own mystery keys.
As per the key structure of cryptocurrences,assets on a blockchain platform are obvious to all(the client have an open key,also called a wallet address) where anybody over the world may send them messages,payments or information and a private key where just the proprietor of the wallet address can make changes to the record like spending the got coins,sending out messages and so on
As indicated by an ongoing study,over 20% of all bitcoins are held in wallets whose proprietors have either kicked the bucket without moving their private keys o their beneficiaries or relations or the proprietors have lost their private keys
So how would we wed the advantages of blockchain with an asset like gold,the answer is digital gold.
The digital gold platform expands on the ethereum blockchain platform utilizing the ERC 20 token standards,we map 1 gram of gold to 1 gold token,,meaning in the event that you have ownership of 1 gold token you have 1 gram of gold safely put away in the digital gold vault.
Aside from been a token for gold,it's a stablecoin,a cautious contemplation of the stablecoin ecosystem,one will see that there exists various kinds of stablecoins,we have any semblance of USD Tie pegged to fiat currencies,those pegged to other crypto assets like MakerDao and those pegged to true assets like gold,silver or precious metals with the digital gold token been one of them.
Highlights of the digital gold token
- Low expense: You can really find a good pace at an incredibly minimal effort and low exchange charge
- Safe shelter: it gives to you a place of refuge where you could expand your venture portfolio with one of the most secure and less unstable way
- Secure possession : It gives you secure responsibility for removes the dread that accompanies owning and keeping gold at home,you find a good pace claim gold essentially.
- Privacy : it offers you protection and you find a good pace with less administrative matters and legitimate obstacles.
- High liquidity : with regards to the selling of gold,there is high liquidity for the gold token
Now,you can buy gold from the solace of your home utilizing just a web associated gadget like your laptop,tablet or cell phone
EXCHANGES
Gold token is right now been effectively exchanged on the Bitforex digital currency trade.
For more information about the project visit:
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
Medium: https://medium.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20
Twitter: https://twitter.com/gold_erc20
Bitcointalk username: ryan619
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2307679;sa=summary