What is DigixDAO (DGD)?
DigixDAO (DGD) is a peer to peer, open-source cryptocurrency which is issued against real gold, on the Ethereum network, using a Smart Contract. Digix offers coins for gold on the Ethereum blockchain. Digix has created some technologies such as the Proof-of-Asset Protocol (POA) and Digix-Gold-Coins, the DigixDAO Coin, on Ethereum.
DigixDAO (DGD): History
Digix was incorporated in Singapore in December 2014. In March 2015, Digix collaborated with Ethereum foundation to bring the network on Ethereum blockchain. In January 2016, the beta platform was launched on Frontier.
The company is run by Teo Hye, Chng (Chairman), Kai Cheng, Chng (CEO) and Anthony Eufemio (CTO) all of whom come from impeccable backgrounds.
How does DigixDAO (DGD) work?
DigixDAO users can own tokens which are issued against real gold bullion. One a physical gold bar is owned by the company, it is registered as a digital asset, and a gold asset card is created against that particular bullion bar. That asset card then goes via a minting software which creates Digix gold tokens (DGD). These tokens are then issued to the users who can buy, sell and trade these tokens.
When the user wants to return the tokens, it goes via Recast software which again creates a Gold asset card, containing all the detail of the original gold bullion. This can then be redeemed against the physical gold bullion.
Each DGD token represents 1g of gold, and each token can be divided into 1000 parts.
How to buy DigixDAO (DGD)?
First of all, a wallet should be downloaded to keep the coin safe. The most convenient wallet option for storing your DigixDAO coins- provided by MyEtherWallet. Then the user can get the famous coin Ethereum to trade your coin. Then you can purchase the coin from an exchange like Binance.
DigixDAO (DGD) Price prediction 2018
DGD can be a profitable investment option. DigixDAO price equal to 180.455 USD at 2018-01-24. If you buy DigixDAO for 100 dollars today, you will get a total of 0.554 DGD. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-22 is 430.950 US Dollars. With a 5-year investment, the revenue is expected to be around +138.81%. Your current $100 investment may be up to $238.81 in 2022. DigixDAO price today is $178.41 and the market cap value $356,826,000. The current supply is marked as 2,000,000 DGD, and the volume is $10,335,300. DigixDAO price today, DigixDAO history, DigixDAO price chart, DigixDAO exchanges, where to buy DigixDAO, how to buy DigixDAO, DigixDAO wallets.