DIGITAL GOLD STABLE COIN: AN ALTERNATIVE TO TRADITIONAL FIAT-BASED STABLE COINS

Digital Gold – is a blockchain-based totally challenge, designed to inspire the digitization of the financial markets and their afferent funding gadgets. It hopes to achieve this with the aid of enabling users to purchase coverage in bodily gold, thru the ERC-20 Ethereum-based GOLD token. 

The GOLD token is pegged to the cost of the gold spot charge, accordingly also appearing as a stable coin. This makes it beneficial for defensive in opposition to market volatility on the crypto currency market, whilst also allowing users to gain from long-term gold rate uptrend.  

On the project page https://gold.storage/en-US/audits all people can easily locate stay audits reports with all particular portions of information about gold inside the garage. This is very clean to validate certificate because Digital Gold provides storage stay audit records on the page and all of us can take a look at everything carefully https://www.Bullionstar.Com/myaccount/audit. 

Liquidity is ensured always, granted that unbiased stay audits can be demonstrated to pass-test the wide variety of tokens in circulation, with the quantity of vault-stored gold. The fee of gold bullion may be tested in actual-time with BullionStar’s Live Audit Reports. 

A quarterly file by using 3rd birthday party auditor confirming the price of Digital Gold’s bullion portfolio at BullionStar vault storage could be additionally to be had by way of Q3, 2019. The GOLD token ensures excessive liquidity, since the token company organisation, DIGITAL GOLD LTD, also works as a liquidity provider. 

Users are accredited to instantly buy and promote large amounts of tokens, through the Digital Gold Marketplace, or associate exchanges. Another benefit really worth mentioning is that with Digital Gold, clients do not must bear in mind local commercial enterprise hours for the reason that provider is to be had 24/7. Liquidity is consequently to be had on-call for, and the rates continually intently match modern-day gold market charges.   

We ought to remember the fact that way to its Ethereum ERC-20 guide, customers can pick out to send the GOLD token anywhere in the world, without having to fear about risky transfer fees, in view that all transfers are unfastened. Digital Gold users also are authorised to make unlimited bills, as the provider does not impose account limits. Users ought to observe that transfers still entail the ‘gas’ tax charged through the Ethereum network. 

The GOLD token has been designed to behave as a stable coin, pegged to the charge of gold. When it comes all the way down to stable coins, they may be usually pegged to other belongings or currencies, but are also collateralize. This method that the number of coins put into circulate is immediately backed with the aid of belongings which are saved in employer reserves. 

This manner, consumer tokens are blanketed towards excessive-market volatility, whereas the fee of the tokens remains stable via time. These aspects completely practice to the GOLD token, thanks to its stable coin reputation.   

Apart from being a stable coin, the GOLD token is an ERC-20 like minded token that is primarily based directly on the Ethereum blockchain. This means that customers can anticipate to leverage all the advantages associated with the Ethereum blockchain, along with instant transactions, immutability, fund protection, automated facts, and smart agreement functionality. As such, any buy of the GOLD token is finished thru Ethereum-primarily based clever contracts. 

Additionally, smart contract functionality also guarantees that the range of cash in circulate remains identical to the quantity of gold being saved in the vaults.  

GOLD clever-agreement turned into audited by ChainSecurity – one of the leading and international-famous Swiss companies with properly-experienced specialists that specialize in blockchain protection. 

And if all this was no longer enough to convince you all this gold stored in vaults is absolutely insured with the aid of a leading insurance organization.  

• The GOLD token network can make use of the Digital Gold Marketplace to instantly purchase and/or sale the token. As the figure enterprise is also a liquidity dealer, customers are free to perform as many transactions as they wish, 4 with no additional fees other than the yearly service price and the general ‘fuel’ price for Ethereum-based transactions.   

• GOLD may be bought and offered instantly on some of exchanges or on our internet site. This allows GOLD holders to be inside and out of positions in a depend of seconds, a feat that is impossible to perform with physical gold placed in a comfortable vault. 

• To acquire the excessive market liquidity GOLD representatives maintain significant positions as a marketplace maker on major exchanges round the world. Such a method lets in our customers to buy and sell huge quantities of GOLD with assured low unfold and no slippage. 

GOLD TOKEN – ALTERNATIVE TO TRADITIONAL FIAT-BASED STABLE COINS 

GOLD token is exactly what you want in case you would love to fixate the cost of your crypto property. Your belongings will preserve their value as each GOLD token is backed through bodily gold stored in a cozy vault facility. High volatility is not going to affect GOLD token as its fee relies upon most effective on the market price of gold. Stability of long term gold rate is unheard of making GOLD a remarkable alternative to USD or EUR-linked stablecoins. 

HEDGE AGAINST MARKET VOLATILITY AND A GREAT WAY TO DIVERSIFY PORTFOLIO 

GOLD token is a low volatility solid virtual asset. GOLD is sponsored by way of bodily gold and its charge is pegged to the market rate of gold. Additionally an first rate asset for portfolio diversification because of its transparency where all of us can healthy the range of issued GOLD tokens in opposition to the amount of bodily gold in vault garage held by way of our enterprise. 

The GOLD token is a true safe heaven for cryptocurrency buyers in instances of market volatility. 

INVESTMENT IN GOLD TOKENIZED AND SIMPLIFIED BY GOLD 

GOLD token is an extremely good possibility for investors looking for a easy way to buy gold bullion bars and stable digital assets. The fee of GOLD is pegged to gold marketplace fee and our platform allows you to purchase a transparent and solid virtual asset. 

Owning a GOLD token is just like proudly owning the bodily gold as each GOLD token is sponsored through gold bullion bars to make certain the cost of issued tokens. The buy of GOLD tokens takes only a few minutes, which makes GOLD token one of the easiest approaches to fast put money into real gold. 

Digital Gold is a assignment really worth our attention. The gold turned into just tokenized and now we should buy and keep gold anonymously the use of GOLD tokens with out even leaving the home with more than one clicks. 

Even higher due to the fact we can sell them right away on Marketplace because is pegged to the gold rate and liquidity is supplied by the undertaking operator.

For further information:

Website : https://gold.Storage/

Twitter: https://twitter.Com/gold_erc20

Medium: https://medium.Com/@digitalgoldcoin

Author: hushpupppy

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