Blockchain technology has been taunted to be one of the groundbreaking revelations of the century. Although blockchain is mostly associated with digital currencies, many cryptocurrency enthusiasts envision its ability to disrupt whatever industry it gains implementation. Blockchain technology is renowned for its transparency, immutability, top-notch security, record-keeping capacity via its Ledger and lastly as a notable way to store value. Although Blockchain technology has gradually gotten an audience in the Fin-Tech industry, it's yet to gain attention in order industries of the world. One such sector is the financial market for Gold. One of the innumerable blockchain features is its ability to create tokenized assets, and this further makes the inclusion of blockchain technology into the Gold market a perfect fit.
Introducing the Digital Gold Platform
Digital Gold is a platform designed to implement the core values of blockchain technology into the financial market for Gold. Gold is one of the oldest yet precious metals known to man, and even with the emergence of fiat currency amidst other means of barter, the financial market for Gold remains one of the biggest in the world. The usefulness of Gold as a means of perpetuating transactions(payment) is lethargic due to a range of issues including security issues in storing physical Gold, strict legal procedures, high cost of transfer and its usage in a range of issues including security issues in storing physical Gold, strict legal procedures, high cost of transfer and its usage in illegal financial transaction. Digital Gold aims to arrest this issues by its well-designed platform which institutes blockchain technology for the tokenization of physically-backed Gold and seamless operation of its marketplace which will go a long way in eliminating the numerous barrier people face when entering the gold market via ETFs
Digital Gold Solutions
- The Digital Gold token (GOLD) plays a pivotal role at the forefront of arresting the issues of the Gold Market. Unlike many tokens based on the erc-20 standard and issued over the ethereum blockchain, GOLD is remarkable because it's backed against 99.99% Fine physical Gold which is kept in the Vault of the Digital Gold company. With the GOLD token, Gold can hence be stored securely across any erc-20 compliant wallet, used to make payments all over the world with no transfer fee, easily traded with guaranteed liquidity and lastly readily accessible for all and sundry to join in the gold market.
The Digital Gold platform further ensures consumer acceptance by instituting a marketplace live on the Digital Gold website. Entrance into the Gold market in time past has been challenging and as well cost-intensive most especially when investors tend to join in via third party agents, ETFs, and brokers. The Digital Gold Marketplace eliminates the need for supplying unnecessary personal information, remove trade limits, juridical barriers, and guarantee easy entry into the Gold market.
The Digital Gold platform is also of importance to crypto enthusiasts. Crypto enthusiasts who are in search of a less volatile investment opportunity can make use of the Digital Gold platform marketplace as well Gold token for hedging their funds in highly volatile crypto market cycles and as well for diversification of the portfolio.
In conclusion, the Digital Gold platform is an example of how the implementation of blockchain technology can disrupt any financial market and with the Digital Gold marketplace and GOLD token, crypto investors, as well as Gold investors, can finally boast of a much-needed bridge between the two markets.
To learn more about Digital Gold check out the follow platform..
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Twitter: https://twitter.com/gold_erc20
Medium: https://medium.com/@digitalgoldcoin
Telegram: https://t.me/digitalgoldcoin
Author: GospelCrypto2
Bitcointalk Profile Link; https://bitcointalk.org/index.php?action=profile;u=2572968