A brief look at Digital gold token

Teslacrypt
3 min readNov 29, 2020

The nations are in dire need for assets that will shield them in the day of trouble

Gold token

Introduction
It’s paramount that one understands that the investment in gold is one of the profitable out there.

Problems
There are many issues that have hindered many people from investing in gold so far

Financial entry : Before now,one cannot buy any amount of gold that they afford but all that has changed due to the possibility of tokenization(the process were large entities are broken into smaller pieces called Tokens)
Before now,only accredited or well to do investors could invest in gold.

Procedural hurdles : The process of trying to get ones hand on gold can be offensive due to the many hurdles,one is required to complete many KYC hurdles before they can be successful.
With many checks,it’s almost impossible to own gold without giving up privacy.

Security challenge: Gold is lucrative and has lots of prospects and that makes those who hold it special target for robbery.
However one can evade those attacks by employing third party custodians which comes with additional cost.

Digital gold token solutions
But all that is about to change thanks to the digital gold token,a token that is backed by gold and it’s accessible and secure.

Secure : It leverages blockchain technology to keep its assets secure. It’s tamper proof.
There are no fees paid to 3rd party custodians anymore.

Auditable : Tokens emitted are easily tracked on the blockchain and there are regular 3rd party audits to ensure that the issuance of tokens match the assets in the company’s custody.

Accessible: You can get access gold from the comfort of your home or device,since it’s a digital representation of gold,you only need a wallet to keep and secure it.
Also,there are no limits of how much you can own.

Cheap : Transactions using the digital gold tokens are cheap and low cost,it’s fast and easy to use.

Gold marketplace
You can purchase gold from the comfort of your home or device,you don’t need to register an account on an exchange before you can lay hands on the tokens,with the marketplace you only need your Ethereum or Bitcoin and a receiving address to get your swapped tokens.

Supported exchanges
You may also purchase the tokens from some other exchanges like Bitforex,Livecoin,Cryptex.

Supported wallet
To store your digital tokens, you do not need a third party custodian,a mobile or hardware wallet will suffice.
Any erc-20 wallet will do and some examples include metamask,trust wallet,Guarda etc
You may decide to use a hardware wallet like Trezor,Ledger Nano etc.

Learn more

Website : https://gold.storage/

Whitepaper : https://gold.storage/wp.pdf

Twitter : https://twitter.com/gold_ERC20

Telegram :https://t.me/digitalgoldcoin

Steemit: https://steemit.com/@digitalgoldcoin

Reddit: https://www.reddit.com/r/golderc20/

Bitcointalk: https://bitcointalk.org/index.php?topic=5161544

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Teslacrypt

Interested in blockchain and computer programming