ERC20 Token

DigixDAO (DGD)

Digix tokenizes gold on Ethereum. “We leverage the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets”. Digix has created a range of technologies including The Proof of Provenance Protocol (POP) and Digix Gold Tokens (DGX) on Ethereum.

Digix provides a use case for the tokenisation and documentation of physical assets through its Proof of Asset (PoA) protocol. The PoA protocol utilises Ethereum and the InterPlanetary Files System (IPFS) to track an asset through its chain of custody. This allows for the open and public verification of an asset’s existence without a centralised database. Digix also offers an API allowing other applications to be built on top of our asset tokenisation service.

“DGX represents value on the blockchain that can be retained over time with relatively little volatility; giving it greater utility than Ether for a wide range of use-cases. Retail, Rentals, Salaries, Commerce, Lending, Wealth Management. You’ll even be able to use DGX to pay for your coffee using an NFC tap. DGX is in the Ethereum EIP20 format, which means it can be used seamlessly in future Ethereum contracts for literally anything. It can also be used as a basis for other tokens and financial instruments that have yet to be imagined.”