Digitalised Gold: The World’s Most Prominent Asset

Nurul Zamrè

March 4, 2020

Digitalised Gold: The World's Most Prominent Asset

The modern Internet of World Wide Web has changed the way things work traditionally ever since it was launched in the early 1990s by a computer scientist, Tim Berners-Lee. With the advancement of technology, various streams of activities and regulations are being implemented to signify, modify and clarify the overall process of management from the beginning till the end. ABR recently had a chat with the co-founder and COO of Digix, Shaun Djie on the transformation and reimagined nature of Blockchain in the smart asset entity.

Digix is the world’s first smart-asset company that has utilised blockchain for the provenance and authentication of 99.99 percent of investment-grade gold bullions. As a platform for gold purchasing, Digix was launched on the 11th of February 2020 which prioritises the security, accessibility and transparency of everything. The first asset-backed digital gold token (DGX) was built to allow anyone with an Internet connection to purchase small increments of one of the oldest, prominent and global asset: gold. 

A Lifetime Limit

New users on the Digix platform are able to register for an account and purchase up to 10 DGX daily with a lifetime limit of 110 DGX before a KYC process is wholly required. With the access, a consolidated administrative dashboard will streamline the process of tracking, purchasing and management of DGX holdings.

Djie stated that with the launching of Digix’s platform, barriers of entry for market participants will be reduced and the new platform will open up more doors for first-timer market entrants and also to seasoned digital asset traders.

The Experience and Purchasing of Digix

With new features being developed, multiple global advancements of the system are being applied. One of them is the reinvention of the platform that features easy-to-navigate admin dashboards that allow DGX holders to manage their tokens, update the wallet as well as personalise everything in one consolidated dashboard.

Gold For Everything

When Asia Blockchain Review spoke to Shaun about the target of Digix for the coming year, one of the key attributes being planned out is being listed on major cryptocurrency exchanges and expanding the usage of paying Gold for daily lives. In fact, partnerships have been made with BizKey and PundiX where the effort of DGX’s adoption will go live. 

Digix (DGX) is now available on more than 10 digital asset exchanges, including VCC Exchange, HotBit, and Switcheo Network — as the company makes a concerted effort to increase its customer accessibility and overall presence within the South East Asian market. DGX tokens are also available for purchase on ProBit and Bitfinex, both industry-leading exchanges. 

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About the author
Nurul Zamrè

Senior Content Writer

Nurul Zamrè is an ardent writer for the past 15 years of her living tenure on science & technology, agriculture, health, communities, management and more. She is also a News Anchor at RTM, a general manager of AHVN, a model, VO artist, emcee, gymnast, ballerina and a lover of everything chocolates.

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