0/ Got a chance to dive deep into the first token sale on which took place in March 2016 (@DigixGlobal) Tweetsorm about some fun facts from this project.
1/ Initially, the founders tried to launch Digix on coloured coins and @CounterpartyXCP before settling on #Ethereum to build.
2/ The Digix team was way ahead of its time in terms of trying to put real world assets on the #Blockchain, starting with #gold. This trend has only recently caught on in the industry with #STOs
3/ 1 represents 1 gram of gold. 106,100 DGX tokens have been minted so far representing 106.1 kg of gold - you can see the details of all the bars backing the DGX token at the following link: digix.global/app/#/provenan….
4/ The documents demonstrating provenance, transaction history, audit reports etc are all stored using @IpfSbot which can be accessed at the above link as well
5/ The token is currently trading at about 44USD which is very close to the spot gold price. Also, the price of DGX will not diverge too much from the spot gold as traders & arbitrageurs could step in and take advantage of any mispricings - that’s how stability is achieved.
6/ There’s still a little under 400,000 ETH still at the disposal of the token holders (the governance token) to grow the Digix ecosystem as part of the #DAO. It will be interesting to see how this plays out.
7/ You can hear more about this project directly from one of the founders in the @DecryptAsia episode:
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