Crafted with ♥ by Trade Crypto Live
The project provides the infrastructure to create tokens backed my physical assets on the blockchain. For example, Digix Gold Token (DGX) was the first asset launched on the blockchain and is a token that was backed by one gram of gold held in a vault.
1. Tokens can theoretically act as stable forms of payment on the Ethereum network due to their fully collateralized nature.
2. Assets recorded on the public ledger allow users to audit holdings and ensure that the custodian of the assets holds the collateral they claim.
3. If a central party such as DigixGlobal fails, token owners have a public record of their holdings that can be used to retrieve their physical collateral
Additionally, Digix is able to combine the stability of gold with the guarantee of liquidity. Digix makes it easy of liquidate the physical asset (i.e., gold) and thereby allowing investors use it in daily life while still relying on its physical security.
INITIAL COIN OFFERING (ICO)
Creators / Founders
Kai C. Chng.
CEO and Co-Founder
Chng is a 2011 graduate of NYU’s Leonard Stern School of Business. Before founding Digix, he was a forex trader for HSBC.
Djie is the cofounder of Digix. Djie also has experience as a trader in Singapore. He has been the Lead Coordinator of the Ethereum Singapore Meetup since May 2015.
Core Development Team
Trade Crypto Live Sentiment
The issue, at present, is the misunderstanding that investors have between DigixDAO (DGD) and that of DigixGold (DGX). The former is the cryptocurrency currently being traded, which has no bearing with the gold that they mention. The latter is the cryptocurrency that will be offered and traded sometime in the future which is proposed to be backed by gold.
Therefore, investors are hedging their bets that the DGD team fulfil their goals of creating not just a token that is physically backed by gold but with it the whole ecosystem.
At this time TCL does not trade or invest in DGD and will address the company and fundamentals when and if a finished product is released.
Reference & Links