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DigixDAO Review

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Average

Revainrating 4 out of 5  
Rating 
3.8
Crypto Projects, ERC20

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Description of DigixDAO

DigixDAO (DGD) is a cryptocurrency and operates on the Ethereum platform. DigixDAO has a current supply of 73,873.60665602. The last known price of DigixDAO is 68.76891941 USD and is down -1.52 over the last 24 hours. It is currently trading on 9 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://digix.global/dgd/.

Reviews

Global ratings 21
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Type of review

The viability of these tokens used to exchange gold relies upon the adroit agreement advancement of the Ethereum chain. Likewise, the Digix stage plays out the association and commercialization of gold, guaranteeing security, unchanging nature and transparency during activity. This focal resistor has a lower hindrance of 0.008 in the event that it can pass. all records show no other huge obstruction in this cash mode soon after the opposition beneath. These tokens work in a viable state wit

Pros
  • A standard symbolic that can run in the Ethereum association.
Cons
  • Securities exchanges are unavailable in specific nations all around the planet.

Revainrating 4 out of 5

DigixDAO

DigixDAO (DGD) is a crypto currency established with the aim of becoming a digital gold standard. On the platform's blockchain, gold bars can be broken down into small pieces and transferred. DigixDAO (DGD) is building a decentralized organization (DAO) specializing in tokenization of physical assets. The project provides an infrastructure to create tokens backed by physical assets in the blockchain. 2 million DGD tokens can be actively contributed to the DigixDAO management system by using…

Pros
  • A token with high market value and listed on major exchanges
  • A popular token that can run on the Ethereum network
Cons
  • Transactions are not available in some countries around the world
  • Cannot be purchased with fiat currencies

Revainrating 4 out of 5

DigixDAO project and DGD analysis

After my review of this project, this project actually offered two different tokens and was a successful project when it was first sold. Given that this project is preceded in DVD by revain, I will continue to review the price and chart of this currency. In the daily chart and the btc pair, the currency is currently on an uptrend and has now reached a resistance in the range of 0.006. This is an important resistance, and if it can pass it, the next resistance is 0.008, and after the second…

Pros
  • Successful initial sale
  • Short term is suitable for buy and hold
Cons
  • Price big drop from March 2018

Revainrating 5 out of 5

This is the world's leading cryptocurrency-Gold project.

Digix makes it conceivable to purchase gold in an effective way by means of digital currency by furnishing financial backers with a tokenized form of gold so you don't need to truly claim or store it. Digix has two cryptographic forms of money, Digix Gold (DGX) and DigixDAO (DGD), every one of which serves a vital job in the design. The organization gladly gets 99.99 percent of its gold from LBMA-supported purifiers, with zero percent from partial stores, conveying certainty. With Digix, financ

Pros
  • It provides a pathway for users to purchase Gold through cryptocurrency.
  • The platform makes available One active market (uniswap) for users to buy and sell digixdao.
  • It is a reliable platform that allows users to take advantage of the value of Gold and earn rewards as well.
Cons
  • There's actually none for this project.

DigixDAO, then again, is a computerized money project that has what might be compared to making cash DGX a steady cash, as it will without a doubt be hard at the cost to fall beneath the cost of six grams. Despite the fact that it is an organization that needs to make gold-based notes, its group makes an assortment of plans for extra notes on the DigixDAO stage, for instance, offering DGX in electronic games, carrying out cutting edge structures, and as yet enhancing an assortment of sources…

Pros
  • A typical symbol that can work in an Ethereum association.
Cons
  • It only supports Ethereum wallets.

The effectiveness of these tokens used to trade gold depends on the savvy contract innovation of the Ethereum chain. Accordingly, the Digix stage performs the organization and commercialization of gold, ensuring security, immutability and openness during operation. This central resistor has a lower barrier of 0.008 if it can pass. all accounts show no other significant resistance in this money mode just after the resistance below. These tokens work in a compatible state with DGX tokens. Owners…

Pros
  • A mainstream token that can run in the Ethereum organization.
Cons
  • Stock markets are inaccessible in certain countries all over the planet.

DigixDAO is a convention that directly and reliably tracks sources from provider to Custom Vault. This is provided by private keys and IPFS and blocking, decentralized, ongoing and permanent documents. DigixDAO is essential for a world environment called Digix. A self-governing decentralized association of individuals holding DGD numbers; Responsible for addressing elections related to the development of the Digix environment. DigixDAO (DGD) is building a decentralized association (DAO)…

Pros
  • Fruit Initial Contract
Cons
  • No flaws

Revainrating 3 out of 5

Gold-Backed Blockchain

DigixDAO is a stage made to exchange gold using digital currencies; consequently working with its stockpiling. DigixDAO is important for a worldwide biological system called Digix. It's anything but an independent decentralized association comprised of individuals who hold DGD tokens; who are liable for settling on choices in regards to the development of the Digix biological system. In this sense, the measures of gold of every client will be comparable to tokens inside their wallet. The

Pros
  • Permits you to purchase gold utilizing cryptographic forms of money for simple stockpiling and security.
  • Their computerized cash, being supported by gold, keeps up its trade steadiness.
Cons
  • It just backings Ethereum wallets.

Revainrating 5 out of 5

DigixDAO (DGD) - A Gold-Backed Blockchain

DigixDAO is a platform created for the purpose of trading gold through the use of cryptocurrencies; thus facilitating its storage. DigixDAO is part of a global ecosystem called Digix. It is an autonomous decentralized organization made up of members who hold DGD tokens; who are responsible for making decisions regarding the growth of the Digix ecosystem. In this sense, the amounts of gold of each user will be equivalent to tokens within their wallet. The platform has two tokens with…

Pros
  • Allows you to buy gold using cryptocurrencies for easy storage and security.
  • Their digital currency, being backed by gold, maintains its exchange stability.
Cons
  • The platform token cannot be purchased with fiat money; but only with cryptocurrencies.
  • It only supports Ethereum wallets.

Revainrating 3 out of 5

The Gold Token

The tokenization of the economy is a new concept for many, although a reality that has become tangible. This platform serves precisely for the tokenization process. What is it and what problem is it trying to solve? This platform seeks to become a self-organized community that is actively involved in decision-making and chooses the direction in which the project will move. For this reason it is a DAO. It is a platform built on the Ethereum blockchain and works, basically, to tokenize…

Pros
  • Infinite possibilities for the type of tokens which can have an interesting and massive use.
  • It is backed by a precious mineral such as gold, so it will have a stable and efficient value for people dedicated to trading.
  • Thanks to this platform, people will be able to buy any amount of gold directly, either using DigixDAO's own coins or any other.
Cons
  • It cannot be extracted in any way, neither with computers nor with hardware. Despite being on the Ethereum blockchain network, being backed by gold, it simply cannot be mined.

Revainrating 4 out of 5

DigixDAO

DigixDAO is a cryptocurrency project with parity on the other, which makes its currency the DGX, a stable currency, as its price will be very difficult to fall below the value of the gram of gold. While creating gold-based tokens is an ambitious project, his team has other plans for additional features on the DigixDAO platform in the future, such as introducing DGX in online games, implementing loan systems and still linking its value to other assets, like silver or platinum. . In addition to…

Pros
  • its price linked to gold, which guarantees a certain stability to its unit price
  • solid project, with a focused team and an active community
  • decentralized project
Cons
  • not an original idea, they have other similar projects

Revainrating 4 out of 5

DigixDAO

This project reaches this digital market to take all its users and followers to the next level of this market since with their changes they project the future And it offers its users to continue with the desire to grow and continue promoting their goals. And personal projects

Pros
  • Great support for your company
Cons
  • None

Revainrating 5 out of 5

It easier for users to own gold assets.

It is tied to real gold, it has a stability advantage, you can count on it and trade gold without physically exchanging it. Tokens holders are rewarded with dividends to assist and retain assets, so your portfolio gets an incredible boost. The team has promised to provide a transparent, monitoring-friendly, secure protocol that will benefit Ethereum's decentralized compliance ecosystem and the full potential of IPFS to facilitate crypto assets on the blockchain.

Pros
  • This can be seen as polar in contrast to most cryptocurrencies as supported by actual physical assets compared to the blind belief that other cryptocurrencies operate.
  • Its gold storage is regularly monitored by a third party, giving it user protection and reliability.
  • It actively rewards its token holders who contribute to the ecosystem, which many other cryptocurrencies lack.
Cons
  • In the crypto universe, a common problem is that cryptocurrencies are very volatile. Combined with gold, it promises a secure future for its holders.

Revainrating 3 out of 5

Gold standard with Ethereum.

This is a utility token designed for the sale of physical assets such as gold, fully tokenized. It is a whole ecosystem with different associated tokens, Digix Gold (DGX) and DigixDAO (DGD) the way in which each one is used according to the intended purpose. The main advantage is that your token is backed with gold, its price fluctuates in consideration with this high value metal. Another aspect is that you can claim your gold in physical always.

Pros
  • Good market capitalization.
  • Many countries are limited to using their services.
  • You receive rewards for keeping your main token.
  • Available in really popular exchanges.
  • It can be stored in any wallet compatible with ERC-20 eth-  
  • Case of real use of smart contracts.
Cons
  • Some countries are limited.
  • In some cases it is not possible to obtain this product that supports our token.  

Revainrating 5 out of 5

What is DigixDAO?

The Digix Decentralised Autonomous Organization, better known as DigixDAO, aims to decentralize the physical raw materials industry by allowing consumers to symbolize gold and other physical assets on the Ethereum blockchain. Holders of DGD tokens (which were issued at a public sale in March 2016) have the power to vote for proposals submitted to DigixDAO. In exchange for their participation in the governance of DigixDAO, these token holders are then rewarded with Digix Gold (DGX), a…

Pros
  • Rewards. DGX holders are going to reap big from DGX. They are going to claim rewards on transaction fees of DXG, which is currently at 0.13% of the balance sent.
  • Badges. Those who sent over 15,000 USD during the crowd sale are set to receive the biggest rewards. They will receive a special proposer badge witch will allow them to submit their proposal directly to DigixDAO.
  • Proposals. Once the proposal has been approved by other badge holders, voting will start and it will be open to all DGX holders. They can accept or reject your proposal on a secret chain ballot.
  • A strong, dedicated team who have been together since before the launch of Ethereum.
Cons
  • The gold price will have an impact on DGD (this can also be a pro!).
  • It remains to be seen whether DigixDAO governance can be successfully implemented, solving governance in blockchain projects is notoriously hard.

Revainrating 4 out of 5

From the physical to the digital market

Setting physical values ​​to digital is a method that is being executed in several projects where DigixDao is one of the pillars of the market that together with the network of ethereum its operation is understood. The functioning factors of Digix is ​​that it provides a use case for tokenization and documentation of physical assets through its Asset Test (PoA) protocol. The PoA protocol uses Ethereum and the InterPlanetary File System (IPFS) to track an asset through its chain of custody.

Pros
  • Decentralized autonomous organization
  • Allows the tokenization of physical assets in the ethereum chain
  • DGD token holders have the distinction of voting for proposals induced by the platform.
  • It is in the top 100 cryptocurrency market.
Cons
  • The falls in the value of gold can destabilize the second token presented by the Platform as a method of asset volatility.

Revainrating 4 out of 5

THE DIGITAL GOLD STANDARD.

It has built up a perimeter of technologies including The Proof of Provenance Protocol and Tokens (DGX) on Ethereum. It offers a use case for tokenisation and documentation of physical resources through its Proof of Asset protocol. Poa's protocol uses the Ethereum and interplanetary file system (IPFS) to track an asset through its custody chain. This allows opening of an asset's existence and validation of the public without a centralized database. It also provides an API that allows us to…

Pros
  • High Trading Volume. Large-scale List Of Exchanges.
  • They Frequently Share Blog & Press Updates. Hard Working Team.
  • Very Low Token Supply. Very Stable Price In Market Downtrends.
  • Testimonials From Industry Experts.
  • Cryptocurrency Backed By Real Gold Stores.
Cons
  • Competitors can easily enter this market! Frequent audits are required to prove there are sufficient stores of real gold available. Tether & DAI suffer the same issue.

very good idea because one of the problem with gold is to store, in the form of smart contract is a good idea I wait to see for the recompense

Pros
  • DigixDAO is a platform that allows to use gold as a smart comtrat. there are two token the dgd and dgx Each token represents 1 gram of 99.99% LBMA standard gold The token is used to participate in the DigixDAO proposals in order to increase the adoption of the DGX. The DGD is volatile, unlike the DGX.
Cons
  • for the moment there is not a big disadvantage because the plaform works and you can buy gold but it does not step user and you have to see if the reconpence is to give the user

They offer DGD coin which is like shares except you must vote to get your share of the profits; plus have it locked up in a ERC-20 wallet 3 months prior to voting for changes to the software it represents which is the digix marketplace. This is known as their DAO. The separate token DGX is what is represented to the gold bullion in a ration of 1 DGX = 1 gram of gold. A minimum redeeming amount is 100g of gold or 100 DGX tokens. There are also a fee charge to your DGX coin if you store for more

Pros
  • They are the first Dapp on the Ethereum ecosystem and will become the real store of value for crypto.
Cons
  • Need to open up regulations so anyone from around the world can cash out into gold bullion.

The off-chain process is not secure enough, including gold production, verification and storage.

Pros
  • Good thing to turn gold into crypto.
Cons
  • Off-chain gold production, verification, storage are still too weak. When the gain is large, the multi-side may conspire to cheat.