DigixDAO Price & Charts

DigixDAO News

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  • Why does price of DGX change when price of gold remains same? June 17, 2019
    Gold has been remained the same over the weekends. But yet dgx moves up and down. When alot of ppl buy dgx at say $40, price in BTC would definitely move up. So how can dgx guarantee the price is equivalent to 1g of gold? submitted by /u/zdragonmaidenz [link] [comments]
  • Wrapped DGX with 0 transaction fees June 16, 2019
    The 0.13% fee for on-chain transactions makes DGX very inconvenient for exchanges to use - especially DEXs. Why don’t we create a wrapped DGX (WDGX) token with 0 transaction fees? Here’s how it would work: You send your X amount of DGX tokens to the WDGX contract. In return you get X WDGX tokens (minus […]
  • Dev Update - 14 June June 14, 2019
    ​ https://i.redd.it/9lcvj9dcpa431.jpg 📣 Dev Update | 14 June Events/ Interviews Attended Campaigns Accomplished DigixDAO Updates Read it here: https://medium.com/digix/dev-update-14-june-ef95841a0925 submitted by /u/DigixOfficial [link] [comments]
  • How is the price of DGX set? June 14, 2019
    I know 1g of gold represents 1DGX. but current gold price is US$1350 1 DGX = US$43 what's the link? submitted by /u/zdragonmaidenz [link] [comments]
  • Badge for sale? June 13, 2019
    I understand some early adopters have multiple badges? I would be interested in purchasing one in order to take on a larger role in DAO governance. I have a very bullish longterm vision for this concept and DGD specifically. If interested let me know and we can exchange contact info. submitted by /u/cryptobug1 [link] [comments]
  • Any plan for silver support? June 12, 2019
    Do you guys have any plans for supporting a silver backed token anytime soon? submitted by /u/DidYouSayEthereum [link] [comments]
  • Is the governance platform open source? June 11, 2019
    I cannot find the Github for that project anywhere. If if would be open sourced, developers all over could make propositions in the dao to implement new features. For example: ​ FUNDING: 5 ETH Short Description: Add view options (List, Grid) to product listing. A grid view might give better overview. ​ FUNDING: 10 ETH […]
  • Maker DAO June 11, 2019
    When Maker MCD comes out where will the required DGX come from? If people want to use DGX as collateral but see next to zero DGX minted and a premium plus hassle to mint themselves this may be a big deterrent? How do we get at least $100M worth of DGX minted prior to the […]
  • What’s preventing DGX from more exchange listings? June 10, 2019
    Apologies if this has already been answered, but why is DGD listed on more exchanges than DGX? Are there regulatory reasons for why DGX is not listed on more exchanges? submitted by /u/svanevik [link] [comments]
  • Get yourself a Limited Edition Digix XPASS card for free! June 10, 2019
    submitted by /u/SweetDistance [link] [comments]

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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.
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.
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.

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.