DigixDAO DGD

$191.92
Market Cap $ 383.840 MM
24h Volume $ 2.032 MM
Chg. 24h: -1.20%
Algo. score 3.3/5  (#255)
Show Quick Stats

DigixDAO project purpose and description

DigixDAO clarity of purpose

DigixDAO purpose and aspects

DGD holders are allowed to vote on proposals that are submitted for the growth of the Digix ecosystem.

DigixDAO categories

Digital currencyVoting

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 Files System (IPFS) to track an asset through its chain of custody. This allows for the open and 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://digix.global/assets/pdf/roadmap.pdf
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme
1