The Ethereum Answer to Digital Gold

Lately, cryptocurrency enthusiasts and investors have been discussing the latest installment to the Ethereum landscape the DAO Hub. However, there is another Ethereum-based DAO in the making which places the ownership of gold within the hands of blockchain technology called DigixDAO. The project that makes digital gold transactions take place within the Ethereum network lets its users choose how to participate in the DigixDAO governance structure and voting procedure in order to “build a digital gold payment system together on the blockchain.”

digix-logoThe DigixDAO (DGX) project has done well for itself over the past few weeks as it has become the 20th largest crowdsale event to date according to Wiki Commons. The projects crowdfund offered DGD tokens which act as an apportioned return DGX transactional volume and has raised a total of $5.4 million USD in the sale. Token holders also get voting power with their assets to help grow the DGX infrastructure and “release funds for business expenses paid to peripherals.” The $5.4 million crowdsale from the first gold standard platform on the Ethereum blockchain concluded after just 12 hours selling DGD tokens. DigixDAO

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