Digital GOLD — Digital Gold With A Better Advantage Over Similar Platforms

LumBit
4 min readAug 24, 2022

Abstract

Investing in gold is indeed not more profitable than investing in other instruments, but for long-term stable and profitable investments gold is the answer. Gold prices tend to be stable and even continue to increase compared to other investment instruments. Even though the increase is not significant, it tends to be small, but the price tends to increase. This is because gold is used for various things such as backed money, trade, medicine, and many others. Because of its many uses, gold prices tend to be stable, because global demand for gold continues to increase from time to time.

Introducing Digital GOLD

Seeing that the increasing value of gold is making many people start buying gold either for jewelry or as an investment, Digital GOLD offers a new experience in owning gold, namely “Digital Gold”, instead of owning gold in physical form, Digital GOLD users will own gold. in digital form which they can take anywhere easily and can be exchanged whenever the user wants. Digital GOLD introduces the GOLD token which is a digital gold that is backed directly by physical gold which makes its value equivalent to physical gold. 1 GOLD token is equivalent to 1 gram of gold and this will not decrease in value because 1 GOLD token is backed by 1 gram of gold and this is not just a claim, users can verify this on the Digital GOLD website to see details of the gold ownership of the Digital GOLD platform. And all this gold has been secured in Singapore with CHUBB insurance, so the digital gold provided by Digital GOLD is truly secure and free of intervention.

Features

Digital GOLD is a very unique platform because it provides digital gold that can be owned by everyone. It provides various features that allow users to transact or own gold easily and securely. Storing gold in digital wallets, making payments with gold, high privacy, no transfer fees, and low fees, are features that are owned by Digital GOLD and that cannot be found in digital gold provided by other platforms.

Users will be able to have digital gold backed by pure gold and this can be verified at any time. The security offered by Digital GOLD is unquestionable. This will ensure that users are completely secure when having digital gold provided by Digital GOLD. Coupled with the ERC-20 protocol which will not allow GOLD tokens to be hacked from the user’s wallet (unless external factors or negligence) this high level of security makes the GOLD token the safest digital gold.

When the user has the GOLD token it will also not be caught by anyone. Because this is stored in an ERC-20-based wallet, it means that user privacy will be completely protected and will not allow anyone to know the user’s identity. So this is very suitable for users who want to own gold but do not want their identity to be known by others. And this will not incur monthly fees or fees, when transacting users will only be charged Ethereum network fees and that is also quite affordable. So with the various advantages that Digital GOLD has, it is a solution for those who want to invest or transact with gold but in a more affordable, easy, and secure way.

Tokenomics

GOLD stands for Digital GOLD and it is the only native token of Digital GOLD that will serve as a utility token that can be stored by users in various ERC-20 supported wallets. Launched using the ERC-20 protocol, users will be able to use this token for various things they want, such as for investments, transactions, etc. This is a token that has the same value as physical gold, and because of this, the value of this token will increase like gold in general. So investing in this token is a good decision.

Conclusion

To sum up, trading and investing are made easier with digital gold, because it does not require users to be able to hold physical gold which is inconvenient and costs quite a lot to maintain. And Digital GOLD is a platform that provides digital gold that makes it easy for users to invest or transact with gold. With an ERC-20 basis, users will be able to store GOLD tokens in their crypto wallets and when they need them they can sell them whenever they want. Secured by using insurance and secure storage, Digital GOLD will ensure that all tokens are backed by gold which can be verified at any time. With various features and coupled with its advantages compared to similar platforms, Digital GOLD is very suitable to be the best digital gold on the market.

Connect

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