DigixDAO DGD to Matrix AI Network MAN Exchange

Crypto Pair Details: DGD to MAN

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.

Matrix AI Network MAN

MATRIX AI Network (MAN) is a global open-source, public, intelligent blockchain-based distributed computing platform and operating system that combines artificial intelligence (AI) and blockchain. MATRIX was created to make blockchains faster, more flexible, more secure, and more intelligent. Besides boasting an impressive 50.000 transactions per second, there are a couple of features which makes Matrix AI Network stand out from its competitors. Matrix adopts a Hybrid PoS + PoW consensus mechanism instead of the traditional Hash computations. The mechanism makes use of value-added computation through the use of the Markov Chain Monte Carlo (MCMC) computations. This computation set is to be used as the Proof-of-Work protocol. This allows the mining process to not only generate MAN tokens but to also be used to power real-world applications. Currently being used in collaboration with Beijing cancer Research hospital to improve speed and accuracy of a cancer diagnosis. While the project seems ambitious with the integration of a working AI in so many areas, the AI-part is already done. Matrix now only has to deliver a working blockchain solution. MATRIX will be launching several community activities after its testnet launch, including a Bug Bounty Program and a Dapp competition, as well as introducing the MATRIX Blockchain Browser and Online Wallet Prototype. Details and instructions will be shared over the coming weeks. Full manner is set to launch December 2018. The MATRIX mining machine is set to launch for sale end of the year 2018.

SOURCE: COINGECKO

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