The ultimate beginner's guide to trading Digixdao
Why Invest in Digixdao DGD?
- Digixdao is a project that has created digital gold. Each Digixdao DGX coin is equal in value to one gram of real, physical gold. The gold can be exchanged for DGX coins, 1 DGX/1 gram, by mail or in person.
- Digixdao gold is purchased through the finest accredited gold suppliers in London, and the reserved gold supply is audited by trusted third parties. You can even tour the storage facilities to see for yourself!
- Unlike banks, which may have only 10% liquidity onhand, the Digixdao price is steady because there is 1 gram of gold in storage for every coin in the entire network. This will never change, and it’s Digixdao’s key to success.
- DGX has obvious uses. Because it is tethered to the price of gold, the digixdao price will not be as vulnerable to market turbulence as nearly every other coin. Like Tether (the coin linked in value 1:1 to the US Dollar), Digixdao will be a safe haven store of value, without having to cash out to fiat currencies.
Practically speaking, this will be a great way for crypto investors to “take profits”, without making their digital currency illiquid for future trading. It will also reduce dependence upon traditional banks, because meatspace gold (the most fundamental money of all) will have a digital equivalent anyone can buy.
People who want to invest in gold, but who are afraid to store it themselves, will be able to trust in the audited, transparent practices of Digixdao. This will increase access to the world’s oldest asset class for people who might not otherwise be able to realistically take on the responsibility of owning gold.
That’s DGX. DGD is something different. On sale now, Digixdao DGD entitles the holder to quarterly returns, which are made up of percentage distributions of transaction fees on the Digixdao network. Once the mainnet is released, Digixdao DGD will have more utility and the Digixdao price will also rise.
Only 2,000,000 Digixdao DGD will ever exist. That’s less than 10% of the Bitcoin supply! Scarcity is a major factor in the current and future Digixdao price. Get them while you can!
There are many ways to buy Digixdao and other Altcoins, with easy to use platforms such as eToro, Coinbull and 24option however we will go through the steps on Binance exchange to give you an idea of how simple it is to purchase Digixdao.