Blockchain 101 Ep 83 - Asset Tokenization - Digix Gold Backed Token

Gold is an unparalleled safe haven asset Digix tokens is the gold of digital assets Abbreviated as DGX it functions as a safe haven in the crypto world How is DGX backed by gold It digitizes gold using blockchain For example you want to sell 1 KG of gold bullion You may choose to cut it up for sale However it is tedious and it might damage the gold Alternatively you may ship the 1 kg of gold to Singapore for authentication by London Bullion Market Association LBMA A certificate attesting to ownership will be issued upon successful authentication It can be converted into 1 000 DGX tokens where 1 token 1 gram of gold This greatly increases the liquidity of gold Similarly if you need to redeem the gold all you need is to use the tokens to exchange for the certificate to redeem the gold Huobi Global Exchange a https 3A 2F 2Fwww huobi com a Follow us on Blog a https 3A 2F 2Fblog huobi com 2F a Facebook a https 3A 2F 2Fwww facebook com 2Fhuobiglobalofficial a Instagram a https 3A 2F 2Fwww instagram com 2Fhuobiglobalofficial a Medium a https 3A 2F 2Fmedium com 2F 40huobiglobal a Telegram a https 3A 2F 2Ft me 2Fhuobiglobalofficial a Twitter a https 3A 2F 2Ftwitter com 2FHuobiGlobal a Reddit a https 3A 2F 2Fwww reddit com 2Fr 2FHuobiGlobal 2F a Youtube a https 3A 2F 2Fwww youtube com 2FHuobiGlobal a

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