DigixDAO DGD to Ravencoin RVN Exchange

Crypto Pair Details: DGD to RVN

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.

Ravencoin RVN

Ravencoin is a blockchain specifically dedicated to the creation and peer-to-peer transfer of assets. Just as Monero is solely focused on privacy, Ravencoin specializes in asset transfer – nothing more, nothing less. Although you can exchange assets over other blockchains, like Bitcoin and Ethereum, that’s not their intended purpose. And the lack of specialization leads to problems that are specific to transferring assets. Ravencoin enables you to create and trade any real-world (e.g., gold bars, land deeds) or digital (e.g., gaming items, software licenses) assets on a network with only that in mind. Ravencoin doesn’t have an established team. It’s an open-source project led by the core developers: RavoncoinDev, Tron, and Chatturga (discord usernames). Bruce Fenton, Board Member of The Bitcoin Foundation, advises the team. The core developers launched Ravencoin on January 3rd, 2018 and Fenton kicked off the launch with a Tweet announcing the start of mining. The project gained some notoriety when Overstock CEO Patrick Byrne announced that his company had made a multi-million dollar investment into the team. Since then, the team has been building out the core functionality of asset support and rewards capabilities. The release of the Ravencoin mainnet and increase in activity on the platform should help the price. Any news of notable companies or financial institutions utilizing the platform should also have a positive effect. Ravencoin offers just one thing: tokenized asset transfer. And that singular focus isn’t a bad thing. When projects attempt to solve a bunch of problems at once, they often create a bunch of half-baked solutions. Ravencoin is avoiding that. As a young project with seemingly endless competition, it’s difficult to predict how successful Ravencoin will be. An active community and backing from one of the most respected names in online retail are positive indicators, though. There’s a clear trend toward the tokenization of all types of assets. However, we have yet to see whether or not Ravencoin will be leading that change.

SOURCE: COINGECKO

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