Cryptocurrency

Dignity Gold issues 3 billion gold-backed coins

Navigation

The Gold to Silver ratio favours GOLD….So why are we buying so much SILVER right now?

Dignity Gold issues 3 billion gold-backed coins

Dignity Gold issues 3 billion gold-backed coins
CONTENT

  • Dignity Gold issues 3 billion gold-backed tokens

  • Investors will have access to investing in digital gold

  • Companies are issuing more and more tokens backed by real gold

International consortium of news organizations developing transparency standards.

Dignity Gold “minted” 3 billion digital coins backed by real gold bars of 0.02667 grams each.

Tokenized gold is coming into fashion

Dignity Gold issues 3 billion gold-backed coins

Dignity Gold, a Delaware-registered company, offers to invest in gold through the purchase of new DIGG tokens backed by the precious metal. In total, 3 billion tokens issued, each equated to 0.02667 grams of gold.

“Token As the use of cryptocurrencies increases, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More DIGG is backed by physical gold, as evidenced by a receipt for safekeeping (SKR) issued by SION Trading FZE (“SION”), ”the company’s website says.

DIGG tokens meet the requirements for securities, including Know Your Customer (KYC), Anti-Money Laundering (AML) procedures, and Organization for the Control of Foreign Assets (OFAC) accreditation.

Token emission data is confirmed by a record in the Ethereum blockchain.

Source: Etherscan.io

According to the April issue announcement, the total volume of collateral, which is 80 thousand kilograms of gold bullion, is stored in the United Arab Emirates, in Dubai.

Gold goes digital

Tokenization The term tokenization has been around for quite some time. In the broadest sense, a “token” is a certain unit designed to represent a certain value within … More gold is gradually becoming a trend. Investment companies issue precious metal-backed tokens to attract corporate clients and those investors who cannot directly invest in gold.

BeInCrypto recently reported that Infinigold has joined the Universal Protocol Alliance, a coalition of leading blockchain organizations. This was stated by the press service of the coalition. InfiniGold, a major new member of the UP Alliance, enables investors to buy, sell and store physical gold held in the Perth Mint in digital form.

Dignity Gold issues 3 billion gold-backed coins

The company strives to make investing in gold affordable for users, overcoming almost all traditional disadvantages. InfiniGold’s GoldPass digital certificates represent government-backed access to physical gold and offer zero storage and digitization costs.

Tether is also trying to digitalize gold. Currently, the gold-backed XAUT token is equivalent to a troy ounce

Paolo Ardoino, CTO of Tether, noted that “in times of uncertainty, people love to have access to gold, and Tether Gold is in demand during these challenging times.” As the expert predicts, XAUT will continue to gain popularity amid the announcement of the US government on the adoption of a second bill to stimulate the economy, which implies a second additional emission of the US dollar.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

Similar articles