Home » Crypto » What is DigixDAO coin (DGD) and how does it work?

What is DigixDAO coin (DGD) and how does it work?

by Financial Economy

DigixDAO (DGD) is a cryptocurrency that was established with the aim of becoming the digital gold standard. On the platform’s blockchain, gold bars can be split into small pieces and transferred. Founded in Singapore in December 2014, DigixDAO (DGD) is building a decentralized organization (DAO) specializing in the tokenization of physical assets. Information about some topic that what is DigixDAO coin (DGD), how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for infomation about Newscrypto coin (NWC).

What is DigixDAO coin (DGD) and how does it work?

DigixDAO is building a decentralized autonomous organization (DAO) specializing in the tokenization of physical assets. The Digix Project provides infrastructure to create tokens backed by physical assets on the blockchain.

It allows for the existence of an asset to be publicly verified through the chain of custody, via the Proof-of-Stake protocol using the Ethereum network and IPFS. Additionally, Digix provides an API that allows other applications to be built on top of the asset tokenization service.

How to use DGD Token?

Digix platform also uses two tokens. These are DGX and DGD. The base currency of the ecosystem is DGX, which democratizes the process of accessing gold, while DGD functions as a kind of management token for the self-organizing community to grow the Digix ecosystem.

DGD coin can be actively contributed to the DigixDAO management system and coin holders can vote on how DigixDAO funds are allocated.

Which exchange is DigixDAO coin avaliable on?

DGD coin is listed on some cryptocurrency exchanges such as Huobi Global, Bitrue, Pionex, Bitbns, Bancor Network, etc.

How to buy DGD coins?

DGD coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

DGD coin supply!

Total supply of DigixDAO coin is 75.386 DGD.

DGD coin price!

As of April 5, 2022, at the time of the writing, 1 DGD coin price is around $675,15 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment