DigixDAO is the Digix Decentralized Autonomous Organization, a decentralized group of participants making decisions about how to grow the Digix Global Ecosystem. Participants purchased DGD tokens in the “first ever ICO on the Ethereum Blockchain.” Holders of DGD can vote on how the DigixDAO funds are allocated. DGD token holders can make “active managerial decisions to any proposals submitted to DigixDAO.” However, there’s some confusion about the rewards for DGD holders who vet and approve project proposals. There are 2 million DGD tokens in existence with 15% allocated to developers. However, if the DigixDAO requires more funding and the majority of participants agree, then another DGD token crowdsale can take place. The supply of DGX tokens will depend on the demand for gold and the size of their vaults. The first vault Digix is working with can hold about 2 billion USD worth of gold, so if the new DGX gold standard becomes popular, they will need to expand to more vaults.
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