DigixDAO

DigixDAO tokenizes physical gold on Ethereum. It cannot be mined. DigixDAO is currently worth $ 60.95 per coin.

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.

DigixDAO price history