Digix is ​​an asset tokenization platform built on Ethereum. Digix has created a series of technologies including Proof of Assets Protocol (POP), Digix Gold (DGX), Ethereum Gold Token and DGD, Digix DAO Token.

Project Introduction

Digix is ​​the world's leading smart asset company using blockchain to authenticate and prove 99.99% of investment grade gold bars. The company has registered physical gold bars on the blockchain and pegged each of its DGX tokens to 1 gram of LBMA-approved physical gold. Available online, DGX offers retail investors a new way to buy gold bars, simplifying and democratizing the investment process in the traditional gold market. Every DGX token is stored in accredited 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 secures physical gold bars, issuing Ethereum-based ERC-20 stablecoin encrypted tokens instead. The success of this ambitious project rests on these key factors.

Digix uses Ethereum smart contracts to store gold bar information, creating a DGX token to represent one gram of gold. The total supply of DGX is determined by the gold held in its vaults.

Digix also issued a DGD token during the ICO crowdfunding to raise funds to build operations. Depositing and withdrawing DGX requires physical gold transfers.

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