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DigixDAO (DGD)

DGD, which stands for Digix Decentralized Autonomous Organization, is a self-governing community that gives out grants to different projects which will promote the growth of the DGX network. The DGD token is sometimes confused with a DGX token. Both are created by Digix Global, but with different purposes in mind. Slated for release in Q1 2018, the DGX token is a token backed by physical gold bullion. 1 DGX token will be equal to 1 gram of physical gold located in a vault in Singapore.

Although they are different, both the DGD and DGX tokens are linked. Holders of DGD tokens will have the ability to cast votes in the DigixDAO mechanism to decide which projects the DGD will choose to fund. Upon voting, holders will be entitled to certain rewards such as DGX discounts or rebates. The DGD tokens do not, however, provide passive income or rights to profits from DGX trades or dividends.

Top News

Bitcoin Price Analysis: Bitcoin (BTC) shows a huge drop

Bitcoin (BTC) as of writing this article was trading at $10,024.1 against the United States dollar (USD) and the coin was showing negative and download fall of -1.54 percent. The market cap of the coin was $170.876 billion United States dollar (USD) and the market supply of the coin was …

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What is Ethereum blockchain and its functions and aspects at Large?

What is ethereum? Ethereum is basically a contract platform, conceptualized by vitalik buterin, which allows the development of decentralized applications. It happens to be a vital part in the domain of cryptocurrency as when conditions are met, it executes itself automatically. It is basically regarded as a pioneer for smart …

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Bitcoin (BTC) is anything but a hedge

What is a hedge? Here is how the definition goes: Investment position intended to offset potential resources or games that may be incurred by a companion investment In short when you do a hedge investment, you do any investment to minimize your loss or to reduce the risk involved in …

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Ripple Price Analysis: The Crypto is Showing Bullish Surge

The cryptocurrency market is experiencing ups and downs this week. Some of the currencies have experienced the bullish surge, but the market has again under the slight correction. The top ten currencies are under bearish pressure. Ripple (XRP) has shown some nice movements in this week and the value of …

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Bakkt’s launch is going to give a boost to Bitcoin (BTC)

As of writing this article Bitcoin was trading at $10.677.1 United States dollars (USD) and was going and upward and positive growth of 2.71 percent. The market cap of the coin was $190.40 billion United States dollars (USD) and the market supply of the coin was 17.83 million. Bitcoin (BTC) …

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