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DigixDAO is a decentralized organization established on the Ethereum platform. The goal is to build a 21st century gold standard financial platform on Ethereum.
DigixDAO is an organization whose goal is to create a new gold standard digital payments system on the Ethereum network where participants (holders of the DigixDAO tokens) are rewarded with the transaction fees collected on the Digix Gold Token (DGX) platform.
DGX or Digix Gold Tokens are Ethereum-based Gold Tokens that are backed 100% by gold and can be used to redeem physical gold. Each DGX token represents 1 gram of LBMA certified gold.
DGD is an Ethereum based asset that represents a portion of the DigixDAO. DAO token holders will receive a pro rated reward of DGX transaction fees on the Ethereum platform.
There will be a initial lifetime supply of 2,000,000 DigixDAO tokens. A holder of 1 token will receive a pro rated 1 / 2,000,000 of transaction fees collected by DigixDAO every quarter. There will be an automatic crowdsale project proposal submitted to current token holders for a new round every 2 years that may increase the lifetime supply. This is put in place to ensure the sustainability of DigixDAO if more funds are needed. Additional crowdsales will only occur with majority consensus since it involves token dilution. Current holders will be eligible to purchase more tokens prior to releasing to the general public with a special multiplier.
DigixGlobal is the next generation digital gold platform. The first ever iteration of digital gold, E-gold, achieved an annual transaction volume of US$2,000,000,000 at its peak even without lateral integrations. We believe that if the community is involved in building DigixGlobal, we can all create a revolution in finance allowing benefits to trickle directly down to DGD Token holders who are not separated from the product itself with over-complicated financial structuring.
Digix official website: https://dgx.io