Place/Date: Singapore - September 10th, 2019 at 10:00 pm UTC · 3 min read
Contact: Alex Fort, Source: DIGITAL GOLD
The target of the Digital Gold platform is to digitalize physical gold and make it possible to transfer over the blockchain. GOLD stablecoins establish a digital link between a real-world asset (gold) and a gold-backed digital asset.
DIGITAL GOLD released its product for both precious metals investors and blockchain communities based on Swiss-audited secure Ethereum smart-contract. GOLD token is a true treasure for those who are looking for reliable stablecoin or just want to easily invest money in real gold with full privacy, top-level security and complete transparency guaranteed by a real-time audit of gold bullion assets in Singapore-based vault storage.
Gold has been used to store value for thousands of years. The unprecedented long-term stability of its purchasing power exceeds any fiat currency.
GOLD tokens offer a fast and easy way to store, buy, sell, and invest in gold-backed assets with complete privacy. Blockchain technology serves to record all transactions involving digital GOLD tokens, which represent real gold.
GOLD stablecoin is neither an altcoin nor a new blockchain. GOLD tokens act as a digital representation of the gold stored in a secure vault storage owned by BullionStar – a world-famous global provider of solutions for precious metals storage located in Singapore – one of the leading financial centers with strongest ownership rights in the world. Therefore, GOLD stablecoin is just as stable as physical gold, and at the same time, it’s much easier and cheaper to store and transact it.
Unlike cryptocurrencies pegged to US Dollar, Euro or other fiat currencies, your GOLD tokens cannot be expropriated or frozen while physical gold is located in a secure vault in a jurisdiction with strong ownership rights. There are no hidden fees; the project offers free transactions between holders and the lowest annual storage fee of 0.99% (0.0027% per day).
The company plans to further reduce the storage fee in the future and implement a flexible fee policy.
The founders of DIGITAL GOLD are sure that GOLD stablecoin will grow to become one of the key elements in the global cryptocurrency ecosystem. Unlike BTC, GOLD is characterized by extremely low volatility. At the same time, as opposed to fiat-pegged stablecoins, GOLD will constantly grow in value relative to all fiat currencies following the increase in the price of gold relative to these currencies induced by inflation.
Disclaimer DIGITAL GOLD is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. The information does not constitute investment advice or an offer to invest.