$ 43.15 (3.51%)
DigixDAO (DGD) - Historical Price Chart
About DigixDAOMake a Suggestion
DigixGlobal is the first organization built on Ethereum that tokenizes physical assets onto the Ethereum blockchain, specifically 99.99% London Bullion Market Association (LBMA) approved Gold bars through their Proof of Asset (PoA Protocol). They anticipate that synergies amongst all 1 Decentralised Applications (DApps) on Ethereum will eventually lead to an increased volume of Digix Gold tokens.
DigixDAO is a suite of smart contract Decentralized Autonomous Organization (DAO) software created and deployed by DigixGlobal on the blockchain, and aims to work with the community to govern and build a 21st century gold standard financial platform on Ethereum. It will establish a standard in being an open and transparent organization using the power of Ethereum smart contracts, such that DigixDAO token holders can directly impact decisions dedicated to the growth and advocacy of the DigixCore Gold Platform. In return, token holders are able to claim rewards of transaction fees on DGX from DigixDAO every quarter on the Ethereum platform.
All raised Ethers will be kept in a publicly disclosed Ethereum address. The DAO will have a project pledging mechanism in place, where token holders are eligible to pledge their approval/rejection of project proposals suggested by DigixGlobal, before any of the raised ETH can be unlocked from the DAO’s multi¬signature contract wallet.