Tokenized Gold on the Ethereum Blockchain

Coins like DigixDAO have the potential for all the advantages of gold as a reliable store of value, combined with the speed and convenience of internet transactions.

There are two million total DAO tokens in circulation, and they act as a dividend - holding them yields 0.31% of the fees from transactions made with DGX gold tokens.

One token is equal to one gram of gold, but as it is digital it can be put to use in smart contracts and is more divisible than gold itself.

Hence it is advertised as the 'future gold standard' within the Ethereum ecosystem.

As a long term store of value without having to physically store gold.

The gold itself is secured in Singaporean safehouse vaults.

The Proof of Asset protocol is what allows for the gold to be legitimately tokenized on the blockchain.

PoA Asset Cards represent details of the physical gold permanently uploaded onto the decentralized database, including SKU of the gold bar, serial number etc,.

Each DGX token represents 1g of Gold, divisible to 0.001g. For example, a 500g PoA Card sent to the Minter Smart Contract will return 500 DGX tokens.

Price movement of DGD tokens should theoretically correlate with both speculation in the value of gold, and general crypto market movement.