Information About DigixDAO
DigixDAO is an asset-tokenization platform developed on Ethereum. We leverage block chain’s immutability, transparency and auditability. Therefore, the means of applying it to invaluable physical property.
Therefore, digix has created a variety of methods involving Proof of Asset Protocol (POA), Digix Gold Tokens (DGX), and a gold-backed token for Ethereum, and DGD – Digix DAO Tokens.
In March 2016 Digix completed first ever crowd-sale on Ethereum Blockchain. Henceforth, it surpassed expectations by means of achieving it can be 5.5 million USD target within 12 hours.
DGD holders get to claim rewards on transaction prices of DGX. Therefore, transaction charges are at zero.13% of stability dispatched, capped at 1 DGX for each transaction.
Accordingly, pledgers who dispatched over $15,000 USD for a period of crowd-sale obtain a specific proposer badge. Therefore, that enables them to post proposals to DigixDAO.
As soon as the proposals were authorized by using badge holders, balloting is open to all DGD holders who can take delivery of or reject with an on-chain ballot.
DIGIX GOLD TOKENS
Long term gold-standard for worth (value) trade within Ethereum ecosystem.
Therefore, each and every token represents 1 gram of 99.99% LBMA commonplace gold and secured in Safehouse vaults.
On-chain proof of auditing; no fractional reserve; total allotted.
Hence, redeem 100 DGX tokens for 100g of bodily gold by way of individual or mail.
DIGIX DAO TOKENS
Accordingly, claim quarterly rewards established on total DGX accumulated by means of transaction costs.
Used to pledge on DigixDAO proposals with the purpose of growing DGX adoption.
DGD value fluctuates founded on alternate price and market forces.
Hence, there are 2,000,000 DGD tokens in existence.