Digix Gold $DGX

With the future of the world envisioned to operate on Smart Contracts, the need for a stable store of value is of utmost importance. To this end, Digix Gold (DGX) has been created. DGX is designed to serve as a reliable store of value, backed by the stability of gold. In tandem with DGX, DigixDAO (DGD) was conceived, representing a stake in a 'Distributed Autonomous Organisation'. DGD holders are rewarded based on DGX's success in the Ethereum ecosystem, whereby they can participate in curating proposals on its behalf.

Digix Gold (DGX)

DGX, the Digix Gold Token, is a cryptocurrency backed by physical gold. Each DGX token is equivalent to 1 gram of gold and provides a stable and reliable digital asset. DGX serves as a hedge against the volatility often associated with the crypto market. By tokenizing gold, DGX is able to harness the trust and long-term stability associated with it, and bring these attributes into the digital asset environment.

Distributed Autonomous Organisation (DAO)

The DGD, or DigixDAO, is a token that constitutes a stake in the Distributed Autonomous Organisation of Digix. DGD holders can employ their tokens to weigh in on proposals and influence the progression of Digix, with their rewards contingent upon the success and usage of DGX within the Ethereum network.

Token Utility in Decision Making

The Digix ecosystem fosters a democratic governance culture, whereby DGD token holders can use their stakes to decide on strategic proposals and determine the optimal pathway for Digix. These decisions may encompass a range of factors such as potential partnerships, business development strategies, and even modifications to the token model. In essence, the DGD token gives its holders a voice in the future of Digix.