Gold-Backed Crypto redeemable for bullion on demand
Digix started in 2014 with experiences in blockchain, finance, cybersecurity, and gold trading. Digix is a cryptocurrency that has vaulted gold and represents that gold by using an ethereum based token. One Digix equals one gram of vaulted gold. DGX has low volatility and you can have the gold bullion removed from the vault and available for collection in Singapore and Canada. The Gold in the Vault is denominated in either a 100 gram Gold Bullion or a 1 kilogram Gold Bullion.
After successfully initiating a Redemption, you will have 30 calendar days from the date when the DGX is transferred from the Registered Address to physically collect the Gold Bullion from the Vault. If you don't collect it in time the gold goes back into the vault and you will lose the recasting fee which is 1 DGX
DGX tokens also can be transferable between ERC 20 wallet and the fee is 0.13%. DGX also has a storage fee 0.6% per annum. The fee covers things like physically storing the gold, guarding the gold, security systems, and insuring the gold. This fee will be deducted from your account based on how much DGX you have.
DGX carry only gold of the highest quality, using 100-gram swiss gold bars from world-class refineries such as Valcambi, Produits Artistiques Metaux Precieux (PAMP), and Metalor. The custodian vault is The Safe House Singapore.
For purchasing DGX simply head to Digix and follow the step to register.
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