Gold token : a new solution for shielding yourself against volatility

in #blockchain4 years ago

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We all have heared about USDT more or less , a stable coin based on USD currency , they say

for each $usdt they have 1 Usd$ in bank , but it's not very stable and some times 1 usdt is equal

to 0.99$ for solving that other cryptocurrencies have been appeared slowly , from usdc , tusd ,

etc , In this case a new token has came that helps you protect yourself with the gold back up

not even USD , as we know the power of USD has been decreased in the last years but gold has

crossed a new ATH in COVID time.

SECURELY STORE AND MAKE PAYMENTS IN GOLD


Gold has been used to preserve wealth throughout thousands of years.


The stability of gold’s long-term purchasing power is unprecedented and superior to any fiat currency.

GOLD Ethereum-based ERC20 token is a convenient and instant way to store, buy, sell or transfer investment grade gold.

GOLD token is exactly what you need to purchase gold and store it digitally with complete anonymity and guaranteed protection of your assets from high volatility and loss of value.


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1 GOLD ERC20= 1 gram of gold


Each GOLD token is 100% backed by physical gold stored in secure vault.Amount of physical gold stored can be verified at any time.

FEATURES

SAFE HEAVEN

Gold is an asset that has proven its value over thousands of years. Its unprecedented long term purchasing power stability has made it the safe heaven asset of choice. GOLD as a token fully backed by physical gold, is your hedge against volatile price swings and poor cypto market conditions. The token can be instantly bought, sold and transferred making it a great addition to your portfolio.

NO TRANSFER FEES, LOW COSTS

Make payments in GOLD with absolutely no transaction fees. This means that you can make as much payments as you like whenever you need to, free of charge. GOLD can even be used for daily financial routine such as payments to your friends and business transactions. Service costs are comparable or lower to storing gold at a depository or bank, with no hassle or paperwork. The cost is a small percent of GOLD holding charged daily on your GOLD balance.

SECURE

100% of GOLD is backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens in real-time. All physical gold stored in vault is fully insured, 100% of the time.
The insurance covers all risks at full replacement value and is provided by one of the world's largest insurance specie underwriters, Chubb Insurance. Storing physical gold on your own has a number of inherent dangers/problems that can be avoided by using GOLD. Such dangers include home burglary and security risk going to and from the bank, if you choose to store gold at home or limited access if you choose to keep your gold at a bank.

HIGH LIQUIDITY

Token issuer company, DIGITAL GOLD LTD, is a liquidity supplier enabling purchase and sale of large amounts of tokens very close to market price. Token holder can instantly purchase or sell tokens at this website or partner exchanges.
While using GOLD, you are not bound to local business hours that may prevent you from accessing and selling physical gold at a favorable price or if an urgent personal need arises. There is no need to physically take gold to a dealer to be sold. GOLD token's liquidity is exceptional, because the tokens can be sold 24/7.

PRIVACY-CONSCIOUS

It is a common knowledge that physical gold dealing requires disclosure of personal information and compliance with local regulations that vary widely from country to country. In the age of NSA, and almost everyone urge to collect data, GOLD is your opportunity to own physical gold while remaining private.

LIFE EXPECTANCY

The Lindy effect is a concept that the future life expectancy of asset or technology is proportional to their current age, so that the longer the asset exists the longed future life expectancy. Applicable to gold, that has officially lost its role as money, but has thousands of years behind it ensuring its value for centuries, if not thousands of years to come.

Before focusing on the Digital Gold project in-depth, it is appropriate to give a bit of perspective on why digitized gold is highly relevant for the cryptocurrency market. Currently, the financial market holds several huge gold exchange-traded funds (ETFs), with enormous amounts of funds. For instance, the SPDR Gold Shares (GLD) currently has a market cap of over $36 billion, thus proving that gold remains an attractive asset for people worldwide. The total value of the gold market cap is difficult to determine, yet it exceeds the $100 billion threshold. The sheer amount of capital invested into these funds, when compared to the amount of gold that is purchased and stored, leads to a simple conclusion: The general public is not keen on buying, storing and transacting physical gold. The reasons backing this claim vary, yet many users are already accustomed to the financial market as it is. Buying and storing actual gold leads to complications, such as following strict legal procedures, and ensuring security measures. Therefore, consumers prefer hiring a third party to handle these aspects for them. In this scenario, a suitable alternative to ETFs is purchasing tokenized gold. This is exactly what the Digital Gold project aims to do, while also providing users with several benefits. By leveraging the GOLD token to purchase digitized gold, customers do not face the risk of having their accounts blocked. This often happens with brokers due to their strict terms, such as limited country availability, trading limits, or invasive requests for personal information. On the other hand, the GOLD token allows users to trade as much as they would like, without needing to disclose their identities.

The Digital Gold Market

Owning GOLD token is very important! One can easily acquire GOLD token with Bitcoin and Ethereum, the DIGITAL GOLD platform is a completely unique with its own market that is equipped with essential gadgets to ensure the procedure of acquiring physical is pretty easy.

Again, the team behind DIGITAL Gold ensures the liquidity of GOLD token by allowing the trading of GOLD token on various cryptocurrency exchanges, this enables each and every customer to make purchases or trading on most exchanges.

At the moment, the GOLD token have been a crack at Cryptex - a digital cash exchange that allows various cash components on their platform. This also allows digital cash like Bitcoin or Eth to be used in the purchase of GOLD token with cash and an electronic component on Cryptex.
DIGITAL GOLD is in constant contact with more exchanges with an ultimate mission to provide GOLD token across all markets.

CONCLUSION


With the DIGITAL GOLD platform, customers can acquire physical gold through the help of blockchain technology. With GOLD token, holding physical gold has become very easy and simple without much stress. The GOLD token is a simple way of investing in gold tokenization. The GOLD token is the most reliable assets that can be easily store and secure for transactions

Kindly visit the links below and read more details about the project;

Website: https://gold.storage/

Whitepaper: https://gold.storage/wp.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5161544

Telegram: https://t.me/digitalgoldcoin

Twitter: https://twitter.com/gold_erc20

Reddit: /r/golderc20

PROOF OF AUTHORSHIP
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1213657

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