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DigixDAO

DigixDAO DGD

  • Digital currency
  • Gold backed
$62.26 Price
3.3% % 24h
0.39% % 1h
Score
$124,527,200 Mkt. Cap
$275,303 Vol. 24h
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DigixDAO project purpose and description

Short description

Digix tokenizes gold on Ethereum. We leverage the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets. Digix has created a range of technologies including The Proof of Asset Protocol (POA) and Digix Gold Tokens (DGX) on Ethereum.

Abstract

Digix provides a use case for the tokenisation and documentation of physical assets through its Proof of Asset (PoA)​protocol. The PoA protocol utilises Ethereum and the InterPlanetary 1 Files System (IPFS) to track an asset through its chain of custody. This allows for the open and 2 public verification of an asset’s existence without a centralised database. Digix also offers an API allowing other applications to be built on top of our asset tokenisation service

Link to Roadmap: https://dgx.io/whitepaper.pdf
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