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🎓 What is the DGD digital currency and what is its relationship with gold

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DGD Token – DigixDAO is a blockchain-based coin that tokenizes gold on the Ethereum blockchain and the platform provides a use case for authenticating cryptocurrencies through it.

Founded in Singapore in December 2014, DigixDAO is a decentralized independent construction organization that specializes in cryptocurrency creation and its project provides the infrastructure to create physical asset-backed cryptocurrencies on the intelligence blockchain.

DGD Digital Token Project

The DigixDAO project enables public verification of the existence of an asset through its chain of custody through the Proof of Origin protocol, which uses the Ethereum network and the Interplanetary File System (IPFS).

Digix also offers an API that allows you to create other applications, and Digix has two cryptocurrencies, Digix Gold (DGX) and DigixDAO (DGD).

The company is said to buy its gold from LBMA-approved refineries. For security, Digix includes a third party audit from Bureau Veritas. Collective DGD in March 2016 was the first major crowdsale and DAO hosted on the Ethereum network.

Digix claims that if you send them DGX tokens, they can be reformatted into real gold bars at an additional cost of 1 DGX token each. This means that it probably works with Digix’s claims that DGX can be recast into physical gold. and as a long-term store of value without the need to physically store gold.

A key feature of the platform is the Proof of Assets (POA) protocol: DGD is based on POA. Register possession of one of two coins on the Ethereum blockchain and create PoA asset cards.

At each step of the process, test logs are permanently published with IPFS and Ethereum.

The PoA protocol can be used for titles, debits, shares and bonds.

DGD Cryptocurrency Founders

The Digix team is a solid group of ex-developers and traders, with some illustrious connections in the financial industry.

CEO Kai C Cheng was a forex trader at HSBC before founding DigiX, and co-founder Sean Digi has a background as a trader in Singapore. He is also the main coordinator of the Singapore Ethereum meeting since May 2015.

They are overseen by a respected team of advisers, primarily investment bankers and software developers, including the former vice chairman of the Singapore Commodity Exchange.

Information about the DGD cryptocurrency

  • The total number of DGD digital currency is 75 thousand 508 coins
  • It reached its highest value on March 15, 2022, with a price of $1,234.32 (at the time of writing).
  • Your smart address on the Ethereum network: here
  • Official website: here
  • The official Twitter account: here

How to buy DGD digital currency

You can buy DGD cryptocurrencies from various places, including Huobi Global.

DGD digital currency price

$ 0.0000000

digixdao

DigixDAO (DGD)

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