DGLD Listing: Blockchain Adds New Digital Gold Token On Its Native Exchange – THE PIT
Login

DGLD Listing: Blockchain Adds New Digital Gold Token On Its Native Exchange – THE PIT

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Michael Fasogbon

Updated:


One of the trusted, reliable and most-secure wallets in the crypto space, Blockchain has recently announced a new token (DGLD) listing on its native crypto trading exchange, THE PIT. The news, which was spread a few hours ago on one of the social media, twitter handle. Using cryptocurrency and blockchain technology, the Digital Gold token “is a network with over $20 million in investment-grade gold allocated in Swiss vault and secure in Bitcoin”.

As stated on Blockchain blog site, after going through a diligent and excellent result, the token’s next phase of roadmap is completed as the team is ready to launch DGLD exclusively for trading on the native exchange.

What Does It Mean To Hold DGLD?

First and foremost, “DGLD is a digital asset representing allocated physical gold stored in a Swiss vault, and tokenized with a side-chain built on the Bitcoin network”. The token allows you to own a bar of physical gold, although the equivalent is  calculated base of the volume of DGLD token one holds.

In a recent tweet by Blockchain, the digital gold token is said to be backed by physical gold bars which is set for buy and trade on the official crypto trading exchange:

Holding a unit of DGLD token is equal to a one-tenth of a troy ounce of Gold, which is automatically secured in Switzerland vault. More so, the cold-storage wallet allows newly created token (DGLD) to be allocated and placed directly in the gold vault, through any form of transaction. However, this system makes it easy accessibility and convenience for investors to redeem and retrieve both the physical and digital gold asset.

Meanwhile, the initiate behind this project is envisioned to bring commodity (gold) trading into the blockchain ecosystem through cryptocurrency, for easy and convenient exchange amongst gold investors and traders.

Following a retweet by blockchainPIT, the native crypto exchange by Blockchain, DGLD token is now exclusively trading pairs with USD and BTC:

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News