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Roadmap
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Adoption
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Development
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Existing Customer Base
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Team & Founders
Team
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Founders
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Community vote
Based on votes
The community score represents our users' personal view on this project.
Summary
Type
n/a
State
Complete
Country
Singapore
Founded
2014
Dlt Type
Blockchain
Exchanges
n/a
Regulator
MAS
Blockchain
Ethereum
Product Stage
Completed
Blockchain Necessity
n/a
OTC Index Position
n/a
CoinMarketCap Position
133
Last ReportLast Report
n/a
Token Appreciation
Type
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Dividends
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Inflation
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Usability
n/a
Financial Summary
Price
$16.81
Fair value
n/a
Market cap
$33,610,383
24H Change
-3.54%
Last 1 month
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Last 3 months
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Last 6 months
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Team Share
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Volatility
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All Time High
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Btc Dependency
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Biggest Holder
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Technical Evaluation
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ROI in USD
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ROI in ETH
n/a
Token sale
End Date
2016-03-30
Hard Cap
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Soft Cap
n/a
Start Date
2016-03-29
Total Raised
$5,500,000
Price On Ico Eth
n/a
Price On Ico Usd
3.24
There are no reports written about this project yet, but you can request one here, or even publish your own here.
About project
So far, Digix has created two types of Ethereum coins, each with unique properties.
These two coins, DGX and DGD, complement each other to ensure their mutual success.
DGX is to become the future gold standard for value exchange in the ethereum ecosystem.
Each coin represents 1 gram of 99.99% LBMA standard gold and is secured and deposited in safe houses. An on-chain verification of the auditing, no fracture reserves and fully allocated gold bars are the main features of DGX. 100 DGX coins stand for 100 grams of physical gold, which the user can redeem personally or by mail. Digix Gold Tokens (DGX) represent value on the blockchain that can be retained over time with relatively little volatility; giving it greater utility for a wide range of use-cases. Retail, Rentals, Salaries, Commerce, Lending, Wealth Management. Users will be able to use DGX to pay for their coffee using an NFC tap. DGX is in the Ethereum EIP20 format, which means it can be used seamlessly in future Ethereum contracts for literally anything. It can also be used as a basis for other tokens and financial instruments.
With DSG, the user is entitled to a quarterly reward based on the total DGX collected through transaction fees.
They are used to submit proposals to DigixDAO for increasing the DGX adoption.
The DGD value fluctuates by exchange rates and market forces. There are a total of 2,000,000 existing coins. Digix provides an application case for the coinization and documentation of physical assets through its proof-of-asset (PoA) protocol. The PoA protocol uses Ethereum and the InterPlanetary Files System (IPFS) to track an asset in its blockchain. This enables open and public verification of the existence of an asset without a central database.
Digix also offers an API that allows you to build other applications on the company’s asset coinization service.
The ledger technology is based on the participating users who supply the network by confirming transactions and using a consensus mechanism (PoS).
Found blocks are automatically stored on each participating computer. Digix is to become the digital marketplace for gold bars.
Each asset represents a unique gold bar held in designated deposits. The provenance of gold is traceable, unchangeable and exists indefinitely. Digix has also developed a system to track asset existences and the respective asset owner on the blockchain.
Each step in the authentication process is permanently published via Ethereum and its IPFS. The user can purchase gold bars from LBMA refineries with accompanying assay certificates from refineries such as Valcambi, PAMP Suisse, and Nadir Bullion.
According to the company, gold is the safest value to secure one’s prosperity because gold has proven to be stable over the long term. Also, Digix can protect users from the inherent price volatility of digital assets with the gold standard.
Core team
JS
Teo Hye, Chng
Chairman
 
JS
Kai C. Chng
Founder & CEO
 
JS
Anthony Eufemio
Founder & CTO
 
JS
Shaun Djie
Founder & COO
 
JS
Teo Chen Shien
Company Counsel
 
JS
Ricardo Banate
Senior JavaScript Engineer Team Lead
 
JS
Neil-Jan Mattheuz Palima
Web3 Engineer
 
JS
Vu Nguyen
Smart Contracts Engineer
 
JS
Rohit Narurkar
Smart Contracts Engineer
 
JS
Vivian Guzman
UI/UX Developer
 
JS
Huiling Xie
Business Developer
 
JS
Shawn Tjang
User Experience Specialist
 
JS
Lucia Ziyuan
User Experience Writer
 
Advisors & CM
JS
Chris Hitchcott
Advisor
2018 - present
JS
Peter Tan
Senior Advisor
2018 - present
JS
Tony Wong
Advisor
2018 - present
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