Review on The Midas Touch Gold by Fabrizio Zampieri
Digital Gold Exchange is a professional blockchain developer that has created…
Digital Gold Exchange is a professional blockchain developer that has created the DGE project. It seeks ways to plan, develop, and distribute cryptocurrencies linked with physical assets.
DGE platform implements a blockchain-based ecosystem in which cryptocurrency and real assets can be traded. The DGE Exchange is built on the DEX platform for better security and transparency.
As the first step, TMTG Project will establish an ecosystem on which virtual currencies can be directly traded with actual goods.
Founders aim is to establish a digital trade ecosystem that allows real tangible assets, such as gold, to be easily traded with virtual currency in a digital environment. This ecosystem will be constructed with a blockchain network.
The digital currency TMTG stands for “The Midas Touch Gold" and its concept comes from Greek Mythology. TMTG coins will serve for maintaining and activating the DGE (Digital Gold Exchange) ecosystem, which is to be constructed as a part of TMTG Project. This token is not linked to any physical asset including gold, but only works as a means to purchase other cryptocurrencies on the DGE platform.
MDG is a token only tradable on the DGE platform, with 1 MDG pegged to 1g of gold. MDG token is representative of real gold, so the price of the token is determined by the price of gold at the time of purchase. MDG Tokens can be purchased on the DGE Platform with TMTG Tokens. So Digital Gold Exchange it is an online exchange where TMTG tokens can be used to purchase MDG Tokens (digital gold), which can be reimbursed to actual gold.
The Midas Touch Gold (TMTG) is an ERC20 token based on the Ethereum blockchain. The Midas Touch Gold has a current supply of 10 billion TMTG (no one infomation about TMTG in circulation).
TMTG is tradable on CoinBene, BitForex, Bithumb, DigiFinex and Coinsuper exchanges.
Pros
- - TMTG ( utility token used for currency circulation on the DGE DEX platform), and TGE ( pegged to actual gold, storing the value of gold as a token) tokens working on TGE platform. - The DGE platform started with gold, and eventually will expand to handle other precious metals such as diamonds, white gold, and platinum. - Convenient use everywhere (users can safely exchange their currency into real gold on DGE platform from any part of the world paying a small fixed charge for transactions). - Transactions at Official Market Price (gold and token conversions and transactions can be made very quickly. Conversion rates are based on official market prices of gold exchanges). - Trade with other value entities (TMTG can also be transferred to and traded for mobile gift vouchers and gift cards affiliated with the token). - Easy and Simple System. - Users KYC process verification requested.
Cons
- -Founders are developing a blockchain-based mobile game that can be played using TMTG (not yet available). - Many competitors (however some similar projects are not linked to real gold).
