DigixDAO is a smart contract suite created by a decentralized autonomous organization (DAO) and deployed on the blockchain by DigixGlobal, with the goal of governing with the community and establishing a 21st century Ethereum gold standard financial platform. As an open and transparent institution, it will establish a standard that leverages the power of Ethereum smart contracts, and DigixDAO token holders can directly influence the decisions committed to the growth and promotion of the DigixCore gold platform. In return, token holders will be rewarded with transaction fees on the Ethereum platform Digix gold tokens.

1. Digix Ecosystem

1. Digix
Digix is ​​a smart asset company that transfers the ownership of real assets to the blockchain. The tokenization of physical assets is done through the Digix platform, which is based on Ethereum's smart contracts for global transactions.

2.DGX
DGX is anchored to gold, 1 piece of DGX=1 gram of gold, when each record PoA asset card is sent to the minting smart contract, the corresponding DGX token was released. Compared with physical gold, DGX has the following advantages:
                                                                                                                                                                                can freely transfer assets on the Internet.
Small quantities are available.
                                                                                                                                                                                                    property ownership is fully transparent.

3. DGD
DGD is essentially a kind of DAO. The full name of DGD is DigixDAO. DGD is the token of DigixDao, and it is a currency for dividends. DGX transactions will charge a 0.13% handling fee, and these handling fees will become the source of dividends for DGD coins.

Second, the business logic of Digix

Physical gold assets are converted into electronic certificates through Proof of Assets (PoA) asset cards, PoA asset cards are converted into tradable DGX digital gold through minting smart contracts, and DGX digital gold is converted into physical gold that can be withdrawn through recasting smart contracts The POA asset card, through which the free exchange of physical gold and digital gold can be completed.

The PoA asset card is used as a proof document connecting physical gold assets and digital gold assets, and fully records asset-related information, including: asset card creation timestamp, gold bar stock keeping unit (SKU), gold bar serial number, chain of custody digital signature (supplier , custodians, auditors), purchase receipts, audit documents, storage receipts, storage fees and other data to ensure the security of gold assets.

Third, the total amount of DGD tokens and the principle of additional issuance

Amount of money: The initial supply is 2,000,000 DigixDAO tokens, which may be issued every two years.

Principle of additional issuance: An automatic crowdfunding proposal is set in the DAO contract, and an automatic crowdfunding project proposal will be submitted to the current token holders every two years. This may increase the number of DigixDAO tokens. Urgent new crowdfunding proposals can also be submitted in less than two years. The proposal needs to be approved by the existing DGD token holders, and only when more than 51% agree, the proposal for a new round of crowdfunding will be implemented.

Related links:
https://digix.global/#/ecosystem
https://www.jianshu.com/p/4434ea9c35d6