Why is Digital Gold a valuable asset?

abdulowad (34)in #cryptocurrency • 4 years ago

I have been reviewing Digital Gold for a while now and i have to say this project keeps getting better and better without much intro i would like to answer people most asked question about the project: "Why is Digital Gold a valuable asset?"

What is Gold?

Gold is considered one of the oldest products in the world, for example, as a conversation used towards the thousandth anniversary. For its own long-term situation, gold worked for almost every goal. It acted as an unsurpassed method of payment, product trade and remarkable price savings. Now, the prevalence of gold as a payment method has dropped, but people continue to find it thanks to its low tariff volatility and unmatched potential to save money.
Gold is not for everyone, difficult procedures, and even the highest purchase orders, have led to a drop in public gold consumption. But its relevance is spared and it is, in fact, that gold will continue to play a significant role in the money and asset markets.

What is Digital Gold (GOLD)?

GOLD is a token compliant with the ERC20 protocol of the Ethereum infrastructure. A GOLD token provides coverage to one gram of fine investment-grade gold of 99% purity. This makes it easy to make small-sized investments in gold without the hassles of irrelevant paperwork, allowing for the instant and anonymous purchase of gold.

Why should you purchase Gold as GOLD?

Gold throughout the years has substantiated itself as a commendable speculation. In the course of recent years, it has encountered a huge rise in estimation of over 97% making it one of the most wanted things for luxury products gatherers.

Liquidity for the safely stored physical asset(gold): GOLD allows for gold securely stored in the vault to still be easily used for financial activities. GOLD could be used to make purchases, settle debts and much more, ensuring that although the physical asset is securely stored away, its value as a means of exchange and settlement is never lost.

Easy means for purchasing and investing in Gold: Digital Gold also serves as an anonymous and more efficient means of purchasing and investing gold without losing the monetary features of your investment unlike conventional methods of investing in gold.

Free charges for transfer: The GOLD token being issued on Ethereum can easily be transferred without any payment of transfer fees being required by the platform with only negligible network fees for processing the transaction on the Ethereum network.

Secure capacity of gold: Any financial specialist hoping to put resources or invest into gold must have suitable capacity set up so as to guarantee its security. GOLD token holders need not stress over, for example, the physical gold is safely stored in the DIGITAL GOLD organization's vault, guaranteeing asset security consistently.

Conclusion

Digitizing gold, absolutely, will increase the attractiveness of gold itself worldwide. Digital Gold's initiative to combine gold with blockchain technology will revolutionize today's financial markets. This is inseparable from the value of gold, which increases every day with a period. We need an open mind, due to the fact that the cryptocurrency itself contains a negative rating for some people. Keep in mind that cryptocurrency based on gold itself has the ability to freeze with the "new age" and, most likely, the means to pay for daily transactions in the future.