DigixDAO DGD to Ark ARK Exchange

Crypto Pair Details: DGD to ARK

DigixDAO DGD

Digix makes it possible to buy gold in an efficient manner via cryptocurrency by providing investors with a tokenized version of gold so you don’t have to physically own or store it. Digix has two cryptocurrencies, Digix Gold (DGX) and DigixDAO (DGD), each of which serves a key role in the structure. The company proudly gets 99.99 percent of its gold from LBMA-approved refiners, with zero percent from fractional reserves, delivering confidence. With Digix, investors can take advantage of the stability and value of gold as well as the ease of cryptocurrency. Digix essentially tokenizes gold within Ethereum. It takes advantage of the Distributed Ledger’s immutability, auditability, and transparency, applying all these benefits to the precious physical asset of gold. Additionally, Digix has developed multiple technologies, such as the DGX tokens and introduced a new Proof of Asset protocol (POA). A key feature of Digix is its physical gold bullion. By investing, users buy bullion from the LBMA refineries, including the Assay Certificates from refiners like Nadir Bullion, PAMP Suisse, Valcambi, and others. For security, Digix includes third-party auditing from Bureau Veritas. Every quarter, it audits each gold asset within the safehouse vaults. This auditor has been in business since 1828 and is a world leader in certification, inspection, and testing services. With such a long track record, investors should be able to trust Bureau Veritas for their auditing services. Finally, Digix involves recast, which means customers can take their DGX delivery at the partnering custodial vault. Digix incorporated in Singapore in December 2014 and the DGD crowdsale took place on March 30th, 2016. It was the first ever crowdsale and major Distributed Autonomous Organization hosted on the Ethereum network. The sale intended to run for 30 days but met its 5.5 million dollars hard cap in just 12 hours, selling 1.7 million DGD tokens and reserving 300,000 for the Digix team. Pledges who sent over 15,000 USD worth of Ether received a special badge which will allow them to submit proposals to the DigixDAO. For better or worse, when you see the word DAO, you might think of hacking. In July 2017, over 4000 DGD were indeed stolen due to a vulnerability in the crowdsale smart contract. The bug was eventually fixed and the tokens reimbursed to the 35 affected addresses. In January 2018, the vast majority of the cryptocurrency market crashed. DGD was the only coin in the top 100 to rise in value in that time. Perhaps this is an early indicator that people will seek gold as a safe haven during times of market uncertainty. The ICO price of DGD was about 3 dollars, but in 2018, DGD reached an all-time high of over 400 dollars. When Digix finally delivers the DGX tokens and the rewards to DGD participants start rolling in, we might see an even higher demand for DigixDAO. When DGX goes live, it will be available for purchase with Ether on the Digix marketplace.

Ark ARK

ARK provides users, developers, and startups with innovative blockchain technologies. They aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need. It is fast, decentralized, scalable, collaborative, bridging and open-source. The ARK Desktop Wallet is natively built for all major Operating Systems. ARK wallets connect to fully synced network peers removing the need to download the full blockchain. ARK operates using a Delegated Proof-of-Stake (DPoS) consensus algorithm. Unlike Bitcoin, in which miners with expensive rigs secure network transactions, the ARK network is secured by delegates. There are hundreds of potential delegates, but token holders in the ARK ecosystem continuously vote on who actually gets to be an active, forging delegate. Only 51 delegates make the cut. As a token holder, you’re only allowed to vote for one delegate at a time. The fee to vote/unvote is just 1 ARK, so it’s advantageous to at least vote once for a delegate you support. The more ARK tokens you own, the more powerful your vote. ARK was launched in February of this year by 27 members spread across the world. With team members located everywhere from California to Bulgaria – the ARK Crew is truly decentralized. The team currently consists of 15 core members. The ARK infrastructure is modeled heavily on that of three older projects: Bitshares, Crypti, and Lisk. In fact, some of the ARK developers were previously developers on some of those projects. Francois-Xavier (FX) Thoorens, the CTO, was a core developer at Lisk in 2016. Ark Community A diverse group of people and skill sets, including Full Stack and Web Developers, Network Engineers, Hardware Experts, Money Managers, Musicians, Traders, Social Media Promoters, and Business Owners, uniting to realize a vision shared by 30 members of the ARK Crew. All passionately devoted to collaboration and the development of the ARK ecosystem and community. Ark Token Secured by a cryptographic blockchain network similar to Lisk and Crypti, running on a Delegated Proof of Stake Consensus Algorithm developed by Bitshares. ARK DPoS provides a newly adapted voting system and incorporates many improvements over previous DPoS implementations. SmartBridge To increase the reach of the ARK platform, ARK bridges together useful and proprietary blockchains through the use of ARK SmartBridges. These SmartBridges allow for communication among validated bridged blockchains with the ability to perform tasks and advanced functions. Through the use of SmartBridges, the ARK Crew is able to connect many popular blockchains and finally create a unifying bond among different ecosystems. As examples, the first blockchains the ARK Crew will bridge are: Bitcoin, Ethereum, Lisk, 3rd Party Anonymous Network Integration, one or more proprietary gaming economy tokens (Codename: A***** [Ticker: A***]), and numerous other bridges connecting new and already existing blockchains in the future. Security Because we understand security is a major point of concern for everyone, cryptographic and security principals are incorporated throughout the entire Development Life Cycle to guarantee a secure core meeting the requirements and expectations of our users. Through continuous risk analysis and internal recurring penetration testing, we provide a system that fulfills the high standards required by this type of environment. Privacy ARK Anonymous Network Integration provides ARK users with optional privacy when sending ARK transactions throughout all of the services developed for the ARK platform. Anonymization services could be potentially provided by a 3rd Party technology integration Partnership. Self-Sustaining The ARK Crew has a mission to make blockchain technology easily accessible to consumers​, even to the point where consumers do not know that they are using it. We not only develop the tools bridging the virtual with reality, but also provide the unique services consumers want, understand, and are willing to purchase using ARK. The ARK Crew develops additional platforms and services benefiting from the ARK technology, providing online and offline revenue streams for the ARK Platform, and leading to faster research and development of new and exciting ways to encourage consumer participation, educating them about blockchain technology, while simultaneously adding value to the ARK coin. By incorporating revenue streams into our projects, the ARK Crew can provide even more unique services for user adoption as we grow.

SOURCE: COINGECKO

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