Cryptocurrency exchange OpenLedger has added gold-backed crypto-token DigixDAO asset (DGD) to it’s list of supported tokens. Now, users can trade DGD for ether, bitcoin and all other digital assets supported by OpenLedger.
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DGD is branded as “a gold standard of cryptocurrency.” Each token is “hedged against a specific amount of real gold stored in the company’s [DigixGlobal] reserve.”
The crypto-token works like any other cryptocurrency, enabling users to transact in “digital gold” across the DigixDAO platform. Each DGD token represents ownership over 1 gram of real gold, which has been recognized as a reliable store of value for centuries. Furthermore, each token is “highly divisible,” which CCEDK says will allow people “to buy and transact as less [sic] as one-thousandth of a gram of gold.” The DigixDAO platform charges a a 0.13% fee on each DGD transaction, and users can redeem their tokens for the equivalent in gold on demand.
DGD coin trading launched on April 29, 2016, and currently can only be purchased with ether, the token fueling the popular Ethereum platform.
CCEDK says that that DGD is a “perfect fit” for its OpenLedger exchange,” since DGD trading is made possible on OpenLedger’s platform specifically designed for Ethereum-based assets.
Although DigixDAO currently uses OpenLedger’s Ethereum Assets listing feature for the DGD coins, it plans to independently list the tokens as DGX on OpenLedger in the future.
OpenLedger is a decentralized financial crypto-platform created by CCEDK, a well-known Danish cryptocurrency exchange. It allows users to covert bitcoin to fiat pegged SmartCoins which can then be withdrawn in multiple ways. OpenLedger is powered by Graphene blockchain technology, based on BitShares 2.0 MIT License.
Digix is an Ethereum based decentralized platform for gold backed peer-to-peer digital assets. The platform leverages upon Ethereum smart contracts and InterPlanetary File System hypermedia distribution protocol to facilitate the creation of transferable crypto assets on the blockchain.
Trade DGD with ETH, BTC or any other cryptocurrency at: o Users can also trade DGD with any cryptocurrency they like on OpenLedger’s innovative platform
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