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DigixDAO (DGD) Launching Digix GOLD (DGX)

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DigixDAO

We’ve seen DigixDAO (DGD) rising up a day ago when the majority of cryptocurrencies were going down with a troublesome situation on the market. Although DGD is now plummeting with the market even though it waved towards big gains, we are more interested in what is waiting for this token on tomorrow’s day when DigixDAO will be releasing its own golden tokens – Digix GOLD (DGX). Let’s see how we can benefit from April 8th and how will this date affect the further development of DGD and its token DGX.

DigixDAO and the Big Day

On March 26th, we’ve had the opportunity to pick up the announcement made by the dev team behind DGD, so we could all find out that DigixDAO will be releasing its golden tokens for live trading! This news was more than exciting as we have already mentioned it a couple of times as the date of the release was approaching. The interest in having DGX available for trading doesn’t only lie in the fact that DGX is set to hold a lot of value when being released. Moreover, the importance of having these golden tokens released for live trading gives a lot of opportunity for all investors that are set to invest in gold.

That’s right! As gold is considered to be the worthiest of all fiat values, in addition to also being the most stable fiat values available for trading and investing, there are lots of investors out there ready to make their move towards acquiring their piece of gold reserves.

However, investing in gold is not as easy as it seems. That is how DGX, Digix GOLD tokens, come into the game. With each DGX representing 1 solid gram of gold, each investor who buys one DGX token will be legally entitled to the gram of gold from the reserves kept safe in a vault in Singapore.

The dev team has added that they are planning on including more vaults in the near future that should be spread across the world, for a more functional system for gold investing.

At the current moment, we know that DGX can only be awarded to the users of DigixDAO tokens, however, as of tomorrow on April 8th, all investors will have a chance to join a live trading of Digix Gold tokens, which will in a way revolutionize the way people are investing in gold, making this type of investment far easier than the traditional gold investing.

It seems that the release of DGX for live trading will also benefit DGD as we have seen it rising 24 hours ago, probably due to the latest news regarding the release.

However, it may occur in this case that DGX will become a more valuable coin to hold given the fact that it represents solid gold. Not only that this token represents the most valuable fiat value, but it also means that thanks to the opportunity to represent gold, this token will most possibly acquire more stable pace of growth, making it more desirable for investors.

The golden tokens are also set to increase traffic to Ethereum as DigixDAO doesn’t have its own blockchain-based platform, but it exists in an ecosystem called Digix, which is set on Ethereum’s chains.

We’ve all seen how unstable cryptos can act in the market, dropping and rising without a warning – DGX might bring a refreshing change to the marketplace of cryptocurrencies.

How is DigixDAO doing at the Current Moment?

Even though we’ve seen an amazing rise in its price only a day ago, two days before the DGX would be released for live trading, it seems that DGD is plummeting with the market at this moment.

After the latest change in its price, DigixDAO fell by -2.49% against the dollar. In addition to this drop, DGD is also dropping against BTC and ETH, by -7.78 and -6.76%, while trading in the red.

This means that ETH and BTC are doing slightly better than DGD as these two currencies are also dropping with the latest change in the market.

At the current moment, DGD is holding the 31st place on the global coin ranking list and it can be purchased at the price of 216.98$ per one unit, which is still a pretty good value of the currency.

Although, given the fact that on March 1st, DGD’s value was marked at a record price of 553$ per one token, which means that this token almost lost more than 50% of its value in the course of only a month.

Will DGD be able to get back to its all-time high in the following months or it will continue to drop with the plummeting nearly-predictable market?

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 Anderson Mancini via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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