DigixDAO

DigixDAO DGD

Centralized > Hierarchical org. structure
  • Digital currency
  • Gold backed
77 Rank
$179.08 Price
-6.11% % 24h
-0.13% % 1h
$358,154,000 Mkt. Cap
$6,773,810 Vol. 24h
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DigixDAO project purpose and description

DigixDAO clarity of purpose

DigixDAO purpose and aspects

Proof of Asset Protocol, Purchase gold bullion (in bulk before coining, or valued by weight) from LBMA refineries, Third party auditing, Every DGX = 1 Gram of gold, Purchase Gold quickly and efficiently. 99.99% Gold from LBMA approved Refiners. 0% Fractional Reserves.

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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