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Gold Backed Digix
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Digix crowd sale sold out within a day, raising a capped $5,500,000 only hours after the opening.
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DGX tokens are created through a “Minter Smart Contract” by using Ethereum’s smart contract platform with each token representing 1g of gold and divisible up to 0.001g.
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These business models are very new, fully untested, with no one able to predict the outcome.
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One cannot help but feel the energy and enthusiasm coming out of ethereum’s ecosystem which has made possible new inventions such as smart locks or, if Digix works, non-volatile, decentralized, digital currency.