Digix Gold price is $44.72
The current price of Digix Gold (DGX) is $ 44.72. It has increased by +0.32% in the last 24 hours, and its current 24-hour trading volume stands at 322.2.
Digix Gold, also known as DGX, is a cryptocurrency token that is pegged to physical gold. One DGX token is equal to one gram of gold. The gold is stored in a vault, and for each gram of gold, a corresponding DGX token is minted. The DGX tokens are tradeable and divisible, just like any other cryptocurrency, and they offer holders a way to own and trade physical gold via the blockchain.
Digix Gold was conceived and developed by Digix Global, a company striving towards a future world dominated by smart contracts.
To maintain the 1:1 peg to gold, when DGX tokens are bought, an equivalent amount of gold is purchased and stored in a vault. When DGX tokens are sold, the corresponding amount of gold is sold too. This method ensures the value of DGX stays tied to that of gold.
Digix also has a secondary token, DGD. DGD is essentially a governance token, which grants holders the right to vote on proposals and decide the direction of the Digix project. DGD holders are rewarded based on the usage of DGX in the Ethereum ecosystem, thus incentivizing them to contribute to the success of DGX.
Digix Gold is unique because it is essentially a digital representation of physical gold. This means investors can benefit from the stability of gold, while also enjoying the ease of transfer and divisibility that comes with cryptocurrencies. This differs from other cryptocurrencies that are often subject to wild price fluctuations.
Digix Gold (DGX) can be purchased on the following exchanges: Bitfinex, Livecoin. Please do your due diligence before purchasing.
The total supply of Digix Gold (DGX) is 15.4K.
The market cap of Digix Gold is $ 1.2M, and it is ranked #2593 in the entire cryptocurrency market.
Keeping any digital asset safe requires some level of personal responsibility. You should store your DGX in a wallet that you control, preferably a hardware wallet. As with any type of investment, you should also avoid sharing sensitive information and always verify details before sending transactions.
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