Digix Gold TokenDGX
$59.2
Market/Exchange
DGX Price Prediction and Price Movement
DGX is up 33.87 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of DGX can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, DGX has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on DGX's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Digix Gold Token Price Chart
About Digix Gold Token
Founded in Singapore in Dec 2014, DigixDAO (DGD) is building a decentralized autonomous organization (DAO) that specializes in the tokenization of physical assets. The project provides the infrastructure to create tokens backed by physical assets on the blockchain. To wit, it allows for the public verification of an asset’s existence through its chain of custody via its Proof of Provenance (PoP) protocol, which makes use of the Ethereum network and the Interplanetary File System (IPFS).
Digix also offers an API that enables other applications to be built on top of its asset tokenization service.
Digix has 2 cryptocurrencies, Digix Gold (DGX) and DigixDAO (DGD).
The company reportedly procures its gold from LBMA-approved refiners. For security, Digix includes third-party auditing from Bureau Veritas. The DGD crowdsale in Mar 2016 was the first crowdsale and major DAO hosted on the Ethereum network.