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Home - DigixDAO Ico Review: The Future of Owning Gold is Digital

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DigixDAO Ico Review: The Future of Owning Gold is Digital

Magnesia
Last updated: 11/02/2023 4:17 pm
Magnesia
Published: 21/07/2020
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DigixDAO Ico Review: The Future of Owning Gold is Digital
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About DigixDAO

Digix created DigixDAO (DAO stands for Decentralized Autonomous Organization) – how for all folks to create a digital gold payment system together on the blockchain. It allows all DigixDAO token holders to participate within the direction Digix takes to create this gold payment system into reality. rather than a corporation or a private issuing shares, a software protocol issues DAO tokens as a software package .

Contents
  • About DigixDAO
    • Get started in 3 steps
      • Create an account
      • Register your wallet
      • Buy DGX
    • How did it all start?
    • Important note on fees
    • Why digital gold?
      • Move gold across borders
      • Micro Accumulate Gold
      • 100% Transparent
    • Transparency. Your assurance.
    • What is recasting?
    • Badges
    • Reward
ICODETAILS
Company NameDigixDAO
Token SymbolDGD
Price In Ico4.2000 USD
TypeUtility
BonusAvailable
BountyAvailable
Whitelist/KYCNONE
CountrySingapore
LangugaeEnglish
Restricted areasNo
Ico Start29th Mar 2016
Ico End30th Mar 2016
WebsiteHomepage

Get started in 3 steps

Create an account

Fill in few details, without the hassle of uploading documents.

Register your wallet

DigixDAO Choose between Ledger, Json, Metamask and Trezor.

Buy DGX

Congratulations, you can buy now DGX with crypto.

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How did it all start?

Kai and Anthony met up in New York City to discuss two topics they were passionate about: Bitcoin and the Blockchain. Conversations led to a smart contract blockchain platform called ‘Ethereum’.

Ethereum was running a public crowdsale later that year. They connected with Shaun, who was an exchange student in New York City at the time and Digix was born in December 2014.

Important note on fees

0.13% Transaction fee every time DGX tokens are sent.

1% Recast fee whenever DGX tokens are exchanged for the physical gold bars.

0% Demurrage fee waived indefinitely (the 0.6% cost is taken of by us). Demurrage is the storage fee for the gold in the vaults.

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Why digital gold?

Move gold across borders

Don’t be limited by the physicality of the gold in vaults. Manage your gold holdings 365 days a year.

Micro Accumulate Gold

They believe each of you has the right to a reliable form of money. You can now micro accumulate gold with DGX tokens.

100% Transparent

You have access to a 100% of the gold buying process. Each bar can be looked at by anyone, anywhere and at anytime.

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Transparency. Your assurance.

Every gold bar backing DGX is always openly verifiable by the public, 24/7, with blockchain technology. The vaults, located in Singapore and Canada, are accredited members of the Bullion Association and are fully insured.

What is recasting?

Recasting enables those in doubt to assure themselves that DGX are always 100% redeemable of the equivalent amount of gold.

Badges

Pledges who sent over $15,000 USD during the crowdsale receive a special proposer badge, which allows them to submit proposals to DigixDAO.

Reward

DGD holders get to claim rewards on transaction fees of DGX. Transaction fees are at 0.13% of balance sent.

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