What is Digix Gold?
DigixDAO (DGD) is a decentralized autonomous organization that specializes in tokenizing physical assets. The Singapore-based project was founded in December 2014 with the aim of creating a blockchain infrastructure that allows for the creation of tokens backed by physical assets.
DigixDAO's Proof of Provenance (PoP) protocol enables public verification of an asset's existence through its chain of custody, using the Ethereum network and the Interplanetary File System (IPFS). This protocol is designed to provide transparency and security for investors and asset owners.
In addition to its asset tokenization service, Digix also offers an API that enables other applications to be built on top of its platform. This allows developers to create new and innovative solutions that can leverage the benefits of blockchain technology.
Digix has two cryptocurrencies: Digix Gold (DGX) and DigixDAO (DGD). The company procures its gold from LBMA-approved refiners and includes third-party auditing from Bureau Veritas to ensure the security of its assets.
The DGD crowdsale in March 2016 was a major milestone for the project, marking the first crowdsale and major DAO hosted on the Ethereum network. This event helped to establish DigixDAO as a leading player in the blockchain industry.
Overall, DigixDAO's innovative approach to tokenizing physical assets has the potential to transform the way assets are traded and invested in. By leveraging the benefits of blockchain technology, the project provides greater transparency and security for investors, while also enabling new and innovative solutions to be built on top of its platform.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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