DigixDAO
Last updated | 1 year ago |
Price per DGD in USD | $ 60.94878501989 |
Price per DGD in Bitcoin | 0 |
Volume over the last 24 hours | $ 0 |
Market cap in USD | $ 4,502,507 |
Change in % over the last hour | -0.00851162 |
Change in % over the last 24 hours | -0.04574049 |
Change in % over the last 7 days | -0.72966856 |
DGD specifications
Name | DigixDAO |
Symbol | DGD |
Minable | No |
Algorithm | N/A |
Prooftype | N/A |
Total coin supply | 1999421 |
Premine: | N/A |
Coin description
DigixDAO is a decentralized autonomous organization (DAO) that aims to tokenize physical gold on the Ethereum blockchain. Each DGX token represents one gram of gold stored in secure vaults, providing a bridge between traditional assets and cryptocurrencies. DigixDAO operates on a proof-of-stake (PoS) governance model, allowing token holders to vote on proposals for the platform's development.
DigixDAO Gold-Backed Tokens
DigixDAO's innovative approach ensures transparency and trust by leveraging blockchain technology to track the ownership and movement of gold. Its Proof-of-Provenance protocol verifies the authenticity of gold from refinery to vault, ensuring that each DGX token is fully backed by physical gold. This has positioned DigixDAO as a leader in asset-backed cryptocurrencies.
One of DigixDAO's strengths lies in its ability to provide stability in the volatile cryptocurrency market. By offering a digital asset tied to the value of gold, it appeals to investors seeking a hedge against inflation or market fluctuations. Keywords like DigixDAO gold tokens and asset-backed cryptocurrency are closely tied to this project.