As of March 26th, 2o18, DigixDAO has invited all interested investors and holders to register for being white-listed for the purchase of DGX, Digix Gold Tokens that will very soon become available for purchase as DGX is starting to trade on the crypto market. Ranked as a 27th coin on the global coin ranking list and with its price surging over 300$ per one unit, although it is currently being traded in the red, DigixDAO will surely unlock new possibilities and opportunities with DGX tokens that will become available for purchase in only 10 days from the time of this writing. Let’s see what DGX tokens represent for DigixDAO and how is DGD doing at the current moment.
DigixDAO and Digix Gold Tokens
DigixDAO had Digix Gold Tokens talked about for some time now, but it is only now that we are finding out that Digix Gold Tokens would very soon be available for live purchase, exchange, and trading. That is exactly why we are interested in revealing the purpose of DGX tokens.
These tokens were first launched on Ethereum Main Net, and on Ethereum’s network, these tokens serve the purpose of having low rates of volatility as the value of these tokes is expressed in gold.
That means that one DGX actually represents the price of 1 gram worth of gold, and as we all know, gold might be the most stable value by far. However, gold might take a hard time to invest in, so buying DGX in form of owning 1 gram of gold for every Digix Gold Token you own makes it easier to invest in gold. That is how the blockchain technology and fiat value met halfway to bring more stability to digital assets and at the same time making investments in gold simpler than ever.
These tokens can be used for exchanges and make payments on blockchain network, but at the same time, these tokens can be exchanged for gold where one token would be worth 1 gram of gold.
As DGX exists on Ethereum Main Net, it actually represents maybe the most stable value of all other values hosted on Ethereum’s network as the price of gold won’t go up and down dizzily as it is often the case with digital currencies or even shares.
Talking about shares, in this case, owning DigixDAO can be observed as owning shares of a company while owning DGX would be like owning a product made and launched by DigixDAO. So, basically, DGX represents a product made by DGD dev team.
Moreover, DGX represents the value of gold, and what is the best thing of all is the fact that you can use gold for a real-life purpose like making transactions and paying for services and products while using DGX tokens.
The gold DGX represents is actually 99.99% of LBMA standard gold that is being kept safely in Safehouse secured vaults.
DGX was said to be released by the end of the first quarter of 2018 so we are aware of this “digital gem” for some time now. But, it wasn’t until now that we were able to actually purchase DGX and start trading with these tokens.
The DigixDAO team has announced that as of March 26th, the public and potential investors will be able to register for white-listing while DGX tokens will be available for live trading on April 8th, 2018.
So far, DGX tokens found their purpose in the partnership that DigixDAO made with Traceto.io, which is actually a company that uses smart contracts, blockchain technology, and artificial intelligence in order to offer solutions for companies that are dealing and working with blockchain technology. Traceto.io is planning on using DGX tokens for more secure and safe operating on their platform. But for now, the availability of Traceto.io use of DGX is not present in US, Japan or China.
How is DigixDAO doing at the Current Moment?
After a successful last week’s massive rises among the crypto market, our favorite digital values started to plummet again, although not at the same negative pace that majority of coins were experiencing during the 8-weeks long market crash.
After the latest change in the market, DGD is being traded in the red with the most recent drop marked by -6.48% against the dollar. However, compared to ETH, DigixDAO is being traded in the green with the latest rise marked at 3.73% against ETH.
At the current moment, DGD is being traded at the price of 315.58$ with the market capitalization of over 631$ million dollars and 2 million of circulating DGD tokens.
As of April 8th, DGX will also become available for live trading and exchange.
We will be updating our subscribers as soon as we know more. For the latest on DGD, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Kelly Teague via Flickr
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
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