DIGITAL GOLD; THE IDEAL STABLE COIN FOR THE MARKET
The world of cryptocurrencies has been booming with many innovations based of blockchain technology coming on board. This has caused a great number of people across the globe to invest in blockchain technology. Interestingly, this has made cryptocurrencies much more popular in recent times.
Despite the many benefits associated with cryptocurrencies, there is the challenge that comes with high fluctuations or volatility on the market. For sometime now, a number of Stable coins have been created to help provide a fair balance on the market. Stable coins gives more steadiness compared with most digital currencies and particularly cryptocurrencies.
It seems as though stablecoins gives the perfect mix of crypto and physical money or fiat. At one side, they are decentralized from any centralized regulator just as all cryptocurrencies, they provide straightforwardness, security and client privacy, stable coins have been proven to be a certifiable resources just like fiat currency.
THE GUARANTEE BEHIND STABLE COINS
Stable coins are pegged to fiat monetary standards. Stable coins can also be aligned to different forms of digital currency.
Stable coins are pegged to base monetary forms such as the US dollar, euro, Swiss franc) or to a particular amount of gold. Generally one token is equivalent to one gram of gold. Upon any transaction on the platform, every speculator must check if the guarantor gives accurate data, where the gold is secured. It must be an outsider keeping the gold save.
DIGITAL GOLD AS A STABLE COIN
Clearly, the quality behind stable coins is in the steadiness of the price. When it comes to gold- related stable coin, the price never fall below the present gold price. New coins are given out when the buyer’s real gold stores is released. This implies that one token is not less expensive compared to the real cost of gold on account of their constant network. It is important to note that if certain digital resources become effective and mainstream. This is the exact situation with digital gold resources known as Digital gold token, which is marked to physical gold as each gold token is guaranteed by one gram of physical gold. The high liquidity and the relevance of gold tokens have gone up in recent times as a proof of its stability despite the high volatility on the market.
More information can be found on the official website: https://gold.storage
Stable coins acts as an intersection between digital currencies and the physical money or fiat . The general public is moving towards a cashless system and the world would definitely move towards that pattern, the eventual fate of stable coins even look more promising. The laws across many parts of the world will not only acknowledge any mass adoption of digital currencies on account of their decentralized nature and high volatility. The best possible solution to bring about mass adoption lies in the power of stable coins. Since stable coins are able to remove all forms of instability on the crypto market. Additionally, what is most important is that they provide the standards of digital resources and blockchain innovation. This is the real deal that the team at Digital Gold gives to all users.
CONCLUSION
For all reasons and intents, GOLD stable coins will be a great addition to the world of cryptocurrencies since stakeholders will have the opportunity to own digital money that is 100% guaranteed by physical gold. Essentially, the Gold token is very stable and it also offers a great benefit compared to other fiat-based stable coins because of it’s close relation to physical gold.
For more details; kindly visit:
Website : https://gold.storage
Whitepaper : https://gold.storage/wp.pdf
BTT ANN: https://bitcointalk.org/index.php?topic=5161544
Telegram : https://t.me/digitalgoldcoin
Twitter : https://twitter.com/gold_erc20
Medium: https://medium.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20
PROOF OF AUTHOR
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