Bitcoin Forum

https://coinmarketcap.com/assets/digixdao/

is this chart accurate? the price has dumped that much?

Yes, this resource is significant.
This is not surprising, that there is a recession. Do not forget what is attached.

thanks. gold?

Wow, what happened at the beginning of April?

Also, where is digix being traded right now?

The price dumped only if you compere it to the Pre-coin.
Anyway, the pre-coin is irrelevant (Same story as LISK pre-coin).
If you compare the price to the ICO price, then the coin double its value.
My guess is that when the coin will go into poloniex, Its will gain much more to its value.  

Gatecoin And OpenLedger

what was the ICO price?

Something like:
1 Ether = 3.6 DGD

thanks.

why does the coinmarketcap.com chart price line start at around $30?


https://coinmarketcap.com/assets/digixdao/

Due to the fact that Gatecoin created Pre-coin that was based on the actual coin.
The same think that happen with the LISK project.
The price of 30$ was for the Pre-coin. nothing to do with the real coin.
I don't know why people buy those pre-coins..
I guess that those people don't understand that it's not the real thing.

thanks.

i hadn't realised exchanges were IOUing this coin before its launch. all is now clear in my mind. thanks again.

No problem :)

Each token is backed by 1 gram of gold .... on sale now for $6 vs. $50

something BS here ;/

DGX is different of DGD, DGD is not backed by one gram of gold.

are DGX tokens traded? where are they?

I don't know where are they but they must be traded since this is where the reward comes from for DGD holders.

DGD holders get a percentage of transaction fees per token, 0.001 % or something like that (am not sure of the exact number but it is tiny)

1 DGX is the one that is backed by 1 gram of gold.

So not surprising to see DGD getting dumped, a lot of people thought that 1 DGD= 1 gram of gold but it's not.

Also, a lot of people did not expect the SLock.It DAO to be taking place since the ICO had been cancelled and they had said they needed time to set it up.

So when they THE DAO went live, a lot of people dumped the DGD tokens to buy ETHER to participate in THE DAO/Slock.It.

thanks.

only today did i realise that there are two tokens, the X and the D. i can see Gatecoin and Open Ledger listing the D token following the launch, but where would one buy the X token?

Digix Global seems to control DGX. Does it sell X?

Digix DAO is for DGD (the Crowdsale).

To buy DigiX , you need to go there: https://dgx.io/#/ (https://dgx.io/#/)

You then need to install the webwallet and then load your wallet with either ETH or BTC.

You can then buy gold that is guaranteed by a smart contract or you can choose to have your gold redeemed in person by going to Singapore.

You can get further details on the website.

thanks.

what happens to the DGX (gold) Ethereum based contracts if Digix Global Ltd. ever goes bust? who coughs up the gold?

the gold is held in a vault in Singapore and therefore, it is subject to Singapore Law & government control, so I guess one will have to get lawyers involved etc etc........but don't quote me on that..........

thanks.

i do hope that client assets (the gold .et.c.) are partitioned from the company's assets and liabilities.

So, here we are, talking about decentralization the whole time (especially with ETH's "decentralize everything" attitude), and then you go out and buy a token, that says a certain amount of gold in a safe somewhere is yours (and it is all in the same safe)? Doesn't make sense to me. Am I missing something?

If you know how to divide your gold and store it in several place in the world with big security while being able to withdraw it easily, congratulation you are a future rich man.  ;D

and so just buy gold. why bother with DGX and DGD at all?

Huh? I thought the gold is in a vault in singapore?

Mucher faster trading platform, lower fees, DGD is like having share of Digixdao and earning revenue from their operation (fees collected mostly)

true.

so the value of DGD is based on the trading volumes for DGX. where can i see the DGX volumes?

how is Digix going to capture market share, and what is its moating strategy to defend itself from the  inevitable competition that will come from other emerging 'goldchain' trading platforms?

Since I am not a gold trader nor DGD/DGX owner, my answer are certainly not the best. I think the best way for you to know about that is reading their white paper and visiting their website. ;D

I don't think that they launched the DGX..

i was wondering because i see no trace of DGX anywhere.

so at the moment DGD is trading as an asset valued on speculation about the future performance of its yet to be released DGX twin?

The same reason people buy Gold index in the stock market..