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Digital Gold Token 

Policy ID # 16fdd33c86af604e837ae57d79d5f0f1156406086db5f16afb3fcf51

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Digital Silver Token 

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Digital Diamond Token 

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What Is The Digital Gold Token 

A native token on the Cardano blockchain, the Digital Gold Token was originally created to serve as an energy-efficient replacement for Bitcoin. But due to the vast power of the Cardano blockchain and the strength of the Digital Gold community, it has grown into something much more. At its core, it is still a peer-to-peer transactional system that can be used as a long-term store of value. Today, however, the Digital Gold Token will also serve as the foundational element of a Token Ecosystem with a virtual mining operation that governs and powers a digital marketplace as well as a social, economic, and gaming metaverse interface. These applications aim to make the acquisition and use of crypto simple and easy. The Digiverse (Digital) Marketplace will be the 3D “Amazon” of digital assets in the metaverse and online. The Digiverse Dashboard Metaverse Interface will make crypto and the metaverse approachable and accessible for all—and this on a blockchain that soon will be not only highly interoperable but also safe, secure, scalable, and metaverse-ready.

More Details...

 

Peer To Peer Transactions

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The Digital Gold Token can be used as a peer-to-peer (P2P) transactional system. This simply means community members can electronically transfer the Digital Gold Token from one person to another through the Digiverse application or the Cardano blockchain. P2P payments can be sent and received via smart devices and thus offer a convenient alternative to traditional payment methods. Payment accounts in the Digital Gold Token P2P transactional system will be simple to set up. In the future, the Digiverse will allow you to open an account and then link your bank account or debit card to it to exchange fiat for the Digital Gold token. Once a user establishes a payment account, sending and receiving the Digital Gold Token will be just a mouse click away. You can choose the recipient of the transaction, the amount, and the reason for the payment, and then click submit. Depending on network congestion on the Cardano blockchain, the time it takes for money to transfer can range anywhere from a few seconds to a few minutes in a safe and secure environment.

 

Ultimate Smart Store of Value

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The Digital Gold Token was created to be an ultimate smart store of value. The Digital Gold Token is not an investment but a good that performs a community service. There is no guarantee that this token will go up in price. It is meant to be a store of value over a long period of time. Digital Gold can not be staked and no smart contract will earn you more Digital Gold. The Digital Gold Token is backed by ADA and is a basic good that will be used as a hedge against inflation.

● Like Bitcoin, only 21M tokens will ever be minted, making the supply scarce and deflationary over time.

● Like Bitcoin, the Digital Gold Token will be distributed using fair-launch standards.

● Like Bitcoin, your value and wealth will be safe and secure. But that’s where the similarities end…

 

At this point Bitcoin is old technology. Its proof-of-work protocol uses more than enough electricity to power a small country, and that consumption only grows with network expansion. The Digital Gold Token is environmentally friendly due to Cardano’s proof-of-stake protocol. It is currently 1.6 million times more energy-efficient than Bitcoin. Transactions are fast and affordable because of Cardano's speed, design, and scalability.

 

Virtual Mining Catalyst

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The Digital Gold Token can not be staked and does not earn interest. It is the catalyst behind the virtual mining process, in which community members can purchase a Mining Permit NFT and then mine the Digital Silver Token. Community members who show proof of holding a minimum of 1000 Digital Gold Tokens and a Mining Permit NFT will qualify to start the mining process. Mining Permit NFT supplies are limited. They will be released in series. The amount of the Digital Silver Tokens that can be mined will decrease with every new series. The amount of Mining Permit NFTs that are sold will be determined by the number of wallet holders at the time of the mint. Upon completion of an epoch, community members who have mined the Digital Silver Tokens will be able to send a small amount of ADA to the required address and receive Digital Silver Tokens as rewards. The number of Digital Silver Tokens received each epoch is based on what series Mining Permit NFT is held in the community members’ wallets and how much Digital Gold is present. Members who hold Digital Silver and Digital Gold in their wallets and reach a tiered amount will then be rewarded with the ultra-rare Digital Diamond Token. Initially, Digital Silver and Digital Diamond Token mining will be separate and independent from the Digiverse application. In the future it will be integrated into the Digiverse application to streamline the virtual mining process.

 

Governance

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The project seeks to eventually become completely decentralized. Over time a greater amount of power and responsibility will be transferred to the community members. In order for that to work, the Digital Gold Foundation, LLC, will employ methods that guarantee that only members who are seriously committed to the success of the project participate in its governance. The project plans to achieve this goal at first by creating a community council that will act as the community representative early on. In the future, Digital Diamond Token holders will collectively manage an organization known as a decentralized autonomous organization (DAO), which will require participants to verify their Digital Diamond Token holdings in exchange for voting powers. The community members who hold more Digital Diamond Tokens in their wallets will have greater voting power

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