Bitcoin Press Release : OpenLedger has added Ethereum based gold backed crypto-token DigixDAO asset (DGD), allowing users to trade DGD for Ethereum, Bitcoin and other digital assets on its decentralized trading platform.
April 28, 2016 – OpenLedger, the CCEDK owned transparent decentralized exchange now allows users to trade DigixDAO (DGD) assets on its platform. The DigixDAO cryptocurrency protocol is used for trading DigixGlobal’s gold backed digital tokens (DGX) on the Ethereum platform. Recently mentioned in Forbes, the event is one of the most significant recent developments in the cryptocurrency industry .
The gold backed digital token is a gold standard of cryptocurrency where the value of each DGX is hedged against a specific amount of real gold stored in the company’s reserve. The DGD asset allows the platform to operate like any other cryptocurrency platform, enabling the transaction of digital gold tokens over DigixDAO.
The digital gold asset created by DigixGlobal (DGX) is backed by actual gold, and is currently available for purchase with Ethereum only. All sales are registered as Ethereum smart contracts, recording the value, transactions and other information on the Ethereum blockchain.
The DigixDAO (DGD) assets are similar to shares and are held by members who have contributed to the DigixDAO platform. They are entitled to receive a portion of the proceeds made by the platform through DGX sales and transaction fees. Anyone can trade DGD with ETH, BTC or any other cryptocurrency at: https://openledger.info
Once DGD coins are released at launch time April 29th 00.00 UCT 2016, the same IOU asset (OPEN.DGD) currently trading during pre-launch will become freely transferrable and withdrawable. Users will also be able to make DGD deposits to OpenLedger at that time: https://bitcointalk.org/index.php?topic=1437366.msg14541487#msg14541487
It is now also possible to access OpenLedger in the far east region much more quickly using the new server […]
