Cryptocurrency DigixDAO is a fairly new virtual
currency, which is based on blockchain technology. It is based on another
crypto site – Ethereum. The idea behind DigixDAO is to tokenize gold, which is
one of the real assets. These assets are going to be transferred to virtual
space in the crypto community for a long time, and these “coins” begin to
implement this idea. The user buys gold, which is stored somewhere in the
warehouse. It continues to be stored there and thereafter, and the user himself
will receive a certain amount of “coins”, which will be confirmation of
ownership of this very gold. Naturally, for the storage of precious metal in the
warehouse, you have to pay a commission, which is only five dollars a year.
Each user has the right to exchange received coins for gold, taking it from a
warehouse located in Singapore.
DigixDAO Cryptocurrency History
The issue of “monetization” of precious
metals has long excited the minds of developers in this field. That is why the
creators of DigixDAO are united in a small group. This saved a lot of time and
facilitated the process, allowing you to concentrate on the main thing. So, in
February 2016, it was announced that gold is in stock in a small state of
Singapore. This marked the launch, which began the history of DigixDAO. The
start attracted the attention of investors because the project was not typical
and had a strong connection not with something abstract, but with a very real
precious metal – gold. And what attracts large investors, it also attracts
ordinary users. That is why the cryptocurrency DigixDAO quickly gained
popularity and continues to do so until now.
Features and principle of operation
As already mentioned, the DGD cryptocurrency has
a close relationship with real gold. For some investors, this is an essential
element, because many are still wary of digital media. In addition, the
DigixDAO rate, in this case, depends on the gold rate, which can help in
forecasting and analytics.
It is worth mentioning that this platform works
in a non-standard way. There are two types of “coins” in total:
- DGX “coin” – digital media
reflecting the validity of gold ownership;
- The DGD “coin” is a coin that
allows its holder to take part in the polls that determine the further
development vector of the entire platform.
As a result, the main advantage of the DigixDAO
cryptocurrency is the economic reinforcement of the value of all “coins” with
gold. At the end of the last century, this technology has become obsolete but
has found a new applications in the digital space. Of course, such an outcome
is quite possible that a fee for the storage of gold will rise, but these fears
are at least groundless.
The currency itself, as well as mining DigixDAO
in particular, is in no way connected with all known Bitcoin. First of all,
this is because DGD is based on a completely different platform – Ethereum.
Also, a number of features make Digix DAO unique.
- Snapping. Digix Dao has a close
relationship with precious metals, which reinforces the abstract value of
“coins” with a more realistic price for a physical object of a precious type;
- Mining DigixDAO is not similar to
traditional and represents only receiving a commission for the operation. It
turns out that the “coin” brings dividends to its owner, which in
direct proportion depends on the number of transactions carried out, and
DGD Course Predictions
The prospects for DigixDAO are great because its
cost does not depend only on the price of gold, but also on the popularity of
electronic money because the “coin” is actually a share of the company.
Considering that the growth trend is positive, the DigixDAO course leaves its
creators and users satisfied.
According to experts, the use of gold attracts
investors, because the growth in the price of the “coin” will
continue because now it is 121 US dollars. Also, due to the increase in the
price of precious metals, the price of DGD is also growing, which further
strengthens the position of this currency. The capitalization of DigixDAO has
now almost reached two hundred million US dollars, which is a fairly solid
indicator, and also established in a fairly short time.
As a result, following the theories of experts,
the price of the cryptocurrency will continue to grow next year. At the same
time, the growth rate will increase significantly, which will contribute to the
development of this site and increase the flow of investors. This fact will
make digital money even more popular.
Current DGD to Dollar rate:
DigixDAO wallet is registered on the site.
Cryptocurrency uses a wallet such as Mist, which is also the main wallet for
another site – Ethereum. It is there that you can store two types of “coins”
from Digix developers – DGX and DGD.
To get a DigixDao wallet, you must:
- Download. On the official Mist
website, you can download the necessary version of the wallet – desktop (for
various operating systems, including Windows and Linux, as well as macOS) or
- Register online. This is necessary
to create a unique wallet address for the user from whom payments will be made
or to which transfers will be accepted.
- Top-up account. So the user will
have on his account DGD.
The whole procedure is standard since the DGD
cryptocurrency uses ready-made software operated by Ethereum. Security remains
at a high level, especially on a personal computer, where the DigixDao wallet
is tied to the IP of the computer and does not allow attackers to carry out
Where to get DigixDAO
Getting DigixDAO cryptocurrency is quite simple.
As with any other, the easiest way is to buy. For this purpose, exchanges and
exchangers are used, but it is important to find the one that will have the
best exchange rate, and also will not be a resource of scammers and intruders.
How to earn digital currency
There are many ways to get virtual money. The
bottom line is that DigixDao’s earnings are practically no different from many
other cryptocurrencies, although it has a number of features. So, there are
three ways to make money below.
- DigixDAO cranes. Almost all
cryptocurrencies have crane sites where the user enters captcha for a fee. If
you thought that this was a simple and profitable activity, I hasten to
disappoint – the profit is really small unless you can build a huge referral
- Digix Dao mining. It is difficult
to call mining, because rather than the generation of new “coins”, it happens
rather than receiving a commission for conducting transactions. Some resources
of the user’s personal computer are also spent on this, but the procedure
belongs to a different kind of process than mining.
Earnings DigixDAO is similar to earning
absolutely any cryptocurrency. At the same time, all operations remain standard
and user-friendly, despite the uniqueness of the cryptocurrency phenomenon with
reference to precious metals.