...each token is linked to a physical amount of gold?...
Yes, it is and it was already explained a couple of times in this thread.
Here quote of my post:
I still keep reading about the
Digital Gold project because I will fully understand how it works exactly and first what I thought about was the
Gold of course, which has to be bought and stored.
There are so many scams in the crypto world that I just don't believe in empty words on a web page, only pure facts that I am able to check correctly.
So, I started to look for the stored gold, of course, because this is the core of this project and was very happy to find this after literally two clicks on the
Digital Gold website.
On the project page
https://gold.storage/en-US/audits everybody can easily find live audits reports with all detailed pieces of information about gold in the storage.
As, I am completely unable to believe, to any assurances and always have to see tangible evidence, I was very happy to find out, that all audits are firmed by
https://www.bullionstar.com, very well known company which offers 600 different products across 10 different categories related to gold and one of them is
Bullion Vault Storage, which
Digital Gold project is using.
This is very easy to validate certificates because
Digital Gold provides
storage live audit data on the
https://www.bullionstar.com/myaccount/audit page and everyone can check everything carefully.
...
...Exchange #4 may be Cryptex?
All these exchanges you mentioned were already known, so it has to be some other exchanges.
I'm a bit puzzled as to how they can provide liquidity to a coin...
Digital Gold is a liquidity provider for the GOLD token on actually listed exchanges which are accepted by the team and additionally they provide Marketplace where you can buy or sell GOLD tokens 24/7.
Als already explained in the thread:
Yesterday, I was using for the first time Digital Gold Market and I have to say that everything works very smooth and is made so simple as possible.
Of course one has to know how Etheruem transactions and token works to be able to use the market. Simple basic knowledge is needed about Ethereum, how to send a transaction, wallets, addresses, tokens, etc. Maybe if somebody hears all of this for the first time then can be overwhelmed but believe me if you set up Metamask or My Ether Wallet (MEW) and send transaction then you will be ready to use the GOLD marketplace.
The process is easy. We go to the Marketplace and choose the GOLD token if we want to sell, put the desired amount to sell and ETH address to receive back ETH in return because in my example I was selling GOLD for ETH. We can choose between ETH and BTC.
When we are ready then click exchange and we will see ETH address to which we have to send the desired amount of GOLD tokens to sell. After send we wait for confirmations, which are coming one after another and after 12 confirmations our transaction is accepted and the withdraw started to our ETH wallet address.
Everything took about 10 minutes and I had my ETH in Metamsk wallet. You can watch the process live in the Marketplace.