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DigixDAO News

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  • Digix AMA 12 December, 4pm Singapore time December 11, 2018
    Digix is doing an hourlong AMA here on Reddit on December 12 at 4pm-5pm Singapore time (GMT+8). That's 9am CET and 12am PST. Joining us will be Kai C. Chng (CEO) and Shaun Djie (CTO) who are Digix cofounders. If you have any questions that you would like to have answered by the team, come […]
    /u/MPSoulEye
  • What blockchain will they use as a base for their project? December 11, 2018
    submitted by /u/FantasticConclusion [link] [comments]
    /u/FantasticConclusion
  • Digix- questions December 9, 2018
    Why has DGX not been utilised as a store of value/stable coin during this massive drop? Why is there only $3,412,148 USD worth of DGX and only available for purchase on a handful of small exchanges? Has anyone successfully redeemed DGX for physical gold and provided evidence? source? How much ETH is held in the […]
    /u/ericcart
  • Following Price of Gold ?? Ridiculous !!! December 9, 2018
    I find it ridiculous how you guys can claim Digix follow the Price of GOLD ? as though it's a sfe investment ? I sold Digix @ 430 Dollars each and never looked Back!! How can it reach 500 $ per gram then sink to 20?? really pathetic how you try to Scam people ?? […]
    /u/Insider_Tips
  • DGX on Livepeer platform December 6, 2018
    Livepeer AMA submitted by /u/Kovalenko_yan [link] [comments]
    /u/Kovalenko_yan
  • BUIDL mode - 20 december December 5, 2018
    submitted by /u/Steewrit [link] [comments]
    /u/Steewrit
  • Live Digix Hangouts AMA 12 December, 4pm Singapore time December 4, 2018
    Digix is doing an hourlong AMA here on Reddit on December 12 at 4pm-5pm Singapore time (GMT+8). That's 9am CET and 12am PST. Joining us will be Kai C. Chng (CEO) and Shaun Djie (CTO) who are Digix cofounders. Link to be announced. If you have any questions that you would like to have answered […]
    /u/MPSoulEye
  • Digix Dev Update 4 Dec 2018 — DigixDAO progress, DGX promotion for 2018, Marketing objectives and… December 4, 2018
    submitted by /u/DigixOfficial [link] [comments]
    /u/DigixOfficial
  • Listing ANN: Digix is listed on Tokocrypto exchange December 3, 2018
    ​ https://i.redd.it/439g5x1y10221.png We are proud to announce that DGX has been successfully listed in Tokocrypto exchange as a DGX to Indonesian Rupiah (IDR) pair. Deposit timing: 3 December 01:00 SG Time (GMT +8) onwards Trading begins 3 December 13:00 SG Time (GMT +8) According to TNS, June 2018, Tokocrypto is Indonesia’s top 3 exchange for […]
    /u/DigixOfficial
  • DigixGlobal joins the Gold Label Project with Binance Info November 30, 2018
    submitted by /u/MPSoulEye [link] [comments]
    /u/MPSoulEye

What Is DigixDAO ?

DigixDAO is a cryptocurrency that tokenizes gold in a digital form using ethereum blockchain. By using a physical gold bar. Those digital tokens can be minted, and its’ workability is based on the distributed ledger. DigixDAO has created two technologies namely Digix Gold Token( DGX) and the Proof of Asset Protocol (POA) on ethereum platform. The Proof of Asset Protocol (POA) proves the existence of the asset and the distributed ledger ownership. Digix Gold Token( DGX) is the gold coin that will be exchanged on ethereum blockchain. Digix created an API that enables one to build other Apps. In its’ asset service. The asset is a gold bar representative placed in an allocated deposit. With asset, users can easily purchase gold efficiently.

All authentication process towards buying gold are published through ethereum network, and the user can purchase gold from any accredited refinery such as LBMA refineries with an assay certificate. An auditing is done quarterly on each gold asset in Digix safe house. We know that storage of gold bar is difficult but Digix has made it a lot easier by liquidating the metal and one can use it at any time while maintaining the same level of physical security.

DigixDAO TEAM DigixDAO is made up of seasoned professionals who have made remarkable achievements in their chosen profession. The team is headed Mr.Hye Teo Chng as the Executive Chairman, assisted by Mr, Cheng Chng as CEO.
We have Mr. Djie Shaun who is heading the marketing and Business Development team, Mr. Eufemio Anthony who is leading the technical team.Lastly, in the team, we have Mr.Hitchcott Chris, who is a developer.
Advisory Board
In the advisory board, we have these notable personalities in their advisory board, and all have over six years’ experience in the cryptocurrency business. We have Mr.Carl Phillip Mullan who is the founder of PDX Currency Corporation, Mr.Wong Tony who is a Spring Global Mail Asia Consultant and Mr. Peter W C Tan who is a consultant with a leading Asian financial institution.
PRACTICAL USES OF DIGIXDAO
It is used as a cryptocurrency store of values.
It is a marketplace for the gold transaction.
It is used to trade gold to fiat currency.
It is used for lending and microfinance services within P2P network.
It is a wealth management DAPP.
MINING OF DIGIXDAO
DGD token is mined on ethereum platform, and these are two ways of mining Digix token, they are CPU/GPU and Mining pool.
CPU/GPU Mining: CPU/GPU is a machine that has a graphical interface. Proof of Work(PoW) is being used to mine to secure both the transaction records and the rewards. The GPU is more efficient and faster than the CPU. Both delay a lot in recording the transactions to the blockchain, and this also delays rewards.
The advantage CPU/GPU mining has over others is that it gives better privacy.
Please note that, whenever mining is to take place, antivirus needs to be disabled.
Mining Pool: This involves people coming together to form a group, and that group will put all their resources together. Once mining is successful, a reward will be given, and that reward will be shared amongst the members based on individual’s contribution.
Notes for Investors
Presently, we have 2,000,000 DGD tokens in the market, and the management team has no intention to create more. This move will create artificial scarcity resulting to the token going all-time high in the market cap. You can take advantage of the opportunity now.

MUST READ!
Cryptocurrency investment is speculative, and it involves unquantifiable risks – the market is full of uncertainty, susceptible to attack and capital loss, and sensitive to secondary issues, time may do not permit to mention here.
Seek advice before investing.