Topic: Finally, gold on the blockchain! - page 2. (Read 347 times)
I think this is a good idea and a stepping stone for block chain technology where the traditional asset is moving towards digital era. I don't think special about this coin or project but due to gold can be purchased with this coin, I hope there would be some craze from the old school guys.
I mean it could work but I will wait for some time to see other people using it. Might be good alternative to tether.
DGX tokens are finally out, but you can only get them after April 8 and also have to pass KYC. 100 DGX gets you 100 grams of gold. Is this a good idea?
You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
https://coinmarketcap.com/currencies/xaurum/#charts
XAURUM was first gold backed crypto. So look at it. I read today in newspaper some Israeli diamond brokers will issue a coin backed by diamonds. Sadly I forgot teha me. Oh no I remember. I think it was Carat coin
LOL i see thee is also a Karat coin that has something to do with gold. Gold is popular nowadays.
DGX tokens are finally out, but you can only get them after April 8 and also have to pass KYC. 100 DGX gets you 100 grams of gold. Is this a good idea?
You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
if the project gives 100 grams of gold will certainly be great for promotion. but the consistency of the project should be understood and may be a good breakthrough for blockchain. You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
Soooo, the price of DGD will go up or not?
Thought goldmint.io had beaten most of these guys to the punch, developing a gold-backed blockchain
I think it's a great idea, I guess this coin wil be stable like usdt. I don't like to use tether because I am scared of losing my funds ( there are lots of fud around usdt ) so this will be a good alternative.
https://www.coingecko.com/en/price_charts/digixdao/usd Digix and https://www.coingecko.com/en/price_charts/hellogold/usd hellogold both on the gold on blockchain wagon, good luck to all
They are not offering any purchases without KYC which takes away from the actual usability of this. Why wouldn't investors just buy physical gold instead? Even if their gold reserves are audited, there is no guarantee that they will definitely be always 1:1 backed, or in certain circumstances be actually redeemable for real gold, just like Tether.
I like the idea, but I wouldn't trust an overseas company to hold my assets and issue me an IOU, whether on the Ethereum blockchain or not.
BTW, anyone know the difference between Xaurum and DGD?
the simple difference between xaurum and DGD is very much different price, in the investment both see only the funds held by investors,I like the idea, but I wouldn't trust an overseas company to hold my assets and issue me an IOU, whether on the Ethereum blockchain or not.
BTW, anyone know the difference between Xaurum and DGD?
xaurum at a price of $ 0.080495 USD / 0,00001177 BTC
DGD at a price of $ 259.65 USD / 0.03793480 BTC
From a profit point of view this is only about as good as buying gold, which I would rather do over a backed token if I went down that path.
Where it holds a use, imagine if we hit issues with the US dollar and it started to lose value, Tether wouldn't be so great and this could serve as a better safe haven over Tether
Otherwise, interesting idea but it won't bring profits imo.
Where it holds a use, imagine if we hit issues with the US dollar and it started to lose value, Tether wouldn't be so great and this could serve as a better safe haven over Tether
Otherwise, interesting idea but it won't bring profits imo.
I agree with you. I have never understood why would i trust someone else with storing my gold. It is also centralized storage, with decentralized tokens. You still have to trust somebody, and i trust only myself...
From a profit point of view this is only about as good as buying gold, which I would rather do over a backed token if I went down that path.
Where it holds a use, imagine if we hit issues with the US dollar and it started to lose value, Tether wouldn't be so great and this could serve as a better safe haven over Tether
Otherwise, interesting idea but it won't bring profits imo.
Where it holds a use, imagine if we hit issues with the US dollar and it started to lose value, Tether wouldn't be so great and this could serve as a better safe haven over Tether
Otherwise, interesting idea but it won't bring profits imo.
They are not offering any purchases without KYC which takes away from the actual usability of this. Why wouldn't investors just buy physical gold instead? Even if their gold reserves are audited, there is no guarantee that they will definitely be always 1:1 backed, or in certain circumstances be actually redeemable for real gold, just like Tether.
I like the idea, but I wouldn't trust an overseas company to hold my assets and issue me an IOU, whether on the Ethereum blockchain or not.
BTW, anyone know the difference between Xaurum and DGD?
I like the idea, but I wouldn't trust an overseas company to hold my assets and issue me an IOU, whether on the Ethereum blockchain or not.
BTW, anyone know the difference between Xaurum and DGD?
DGX tokens are finally out, but you can only get them after April 8 and also have to pass KYC. 100 DGX gets you 100 grams of gold. Is this a good idea?
You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
Another project based on the ether, only now with gold. I wonder how I can track the amount of gold they will give me for the purchase. And muddy schemes with commissions and charges for storage. What then to do with DGD.You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
However, if we ignore transparency (which is a very strong point of course), I understand this coin as a Tether (USDT) but using gold instead of USD as a back-up. And the company would buy up X amounts of gold for every Y amounts with X:Y ratio predetermined. Actually idea is not that stupid. I would personally rather hedge myself against gold than inflationary USD. Specially because "printing" of Tether seems easy and a problem.
But transparency of buying this gold need to be 100% and without a doubt. I am not sure if that is possible, though.
The idea itself looked very promising since the project was announced.
The only problem we may face is in the adoption process, even though there are more and more people switching their investment into gold, rather then crypto. Especially in this bearish market trend.
The only problem we may face is in the adoption process, even though there are more and more people switching their investment into gold, rather then crypto. Especially in this bearish market trend.
DGX tokens are finally out, but you can only get them after April 8 and also have to pass KYC. 100 DGX gets you 100 grams of gold. Is this a good idea?
You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
Another project based on the ether, only now with gold. I wonder how I can track the amount of gold they will give me for the purchase. And muddy schemes with commissions and charges for storage. What then to do with DGD. You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
I understand that they want to back their coin with gold like dollar was backed up back in the days until 1971, but this could be some kind of downgrading the coin.
It is interesting to see this for sure, it will have some strong points though while it is connected with gold.
It is interesting to see this for sure, it will have some strong points though while it is connected with gold.
What is this? Like a gold standard or something? 
Not a good idea imo. Haven't done the proper research, so my opinion is not so relevant. I just don't understand why would we go back to gold crypto standard.
Not a good idea imo. Haven't done the proper research, so my opinion is not so relevant. I just don't understand why would we go back to gold crypto standard.
DGX tokens are finally out, but you can only get them after April 8 and also have to pass KYC. 100 DGX gets you 100 grams of gold. Is this a good idea?
You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
You can read more in this article: https://coincodex.com/article/1443/digix-puts-gold-on-the-blockchain/
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