Digix is ​​an asset tokenization platform established in Ethereum. Digix has created a series of technologies including Proof of Asset Protocol (POP), Digix Gold Coins (DGX), Ethereum Gold Tokens and DGD, Digix DAO Tokens.

Project Introduction

Digix is ​​the world's leading smart asset company that uses blockchain, authenticating and providing information on 99.99% of investment-grade gold bars. The company has registered physical gold bars on the blockchain and has linked each of its DGX tokens to 1 gram of physical gold approved by the London Gold and Silver Market Association. DGX can be purchased online, providing retail investors with new ways to buy gold bars, simplifying the investment process in the traditional gold market, and democratizing it. Each DGX token is stored in recognized precious metal vaults in Singapore and Canada.

Project Highlights

Digix conducts real-time transactions on the Ethereum network and is a pioneer in the blockchain ecosystem in Singapore.
Digix is ​​a gold-backed cryptocurrency platform created by DigixDAO. DigixDAO stores and ensures the safety of physical gold bars, and issues ERC-20 stablecoin crypto tokens based on Ethereum. The success of this ambitious project lies in these key factors.

Digix uses Ethereum smart contracts to store gold bar information and creates a DGX token that represents one gram of gold. The total supply of DGX is determined by the gold stored in its vault.

Digix also issued a DGD token during the ICO crowdfunding period to raise funds to build and operate. Deposit and withdrawal of DGX requires physical gold transfer.

Digix plans to release more cryptocurrency tokens backed by other precious metals in the future.