Marking a year of unprecedented challenges — from a global health crisis, a stock market crash and industries confronted with the new normal — in this article we’ll celebrate the digital triumphs that emerged, uncover how they shaped innovation and look ahead at the digital asset landscape of 2021.
Gold’s Rise Amidst Global Challenges
Like many other safe-haven assets, gold has had a spectacular year. For the first time on record, the precious metal soared beyond US$2,000 per ounce in August this year as investors sought gold to hedge against the pandemic stricken economy, raising prices as high as US$2,070.05…
There has been little evidence of a clear relationship between the gold price and election outcome based on party affiliation. The price of gold has recorded better and worse years under the leadership of both parties and even exhibited contrasting performance under the same administration during two successive terms.
Although many investors feel that “cash is king” in times of economic uncertainty — this is not exactly true. The world’s reserve currency has seen a downward trend due to the declining confidence in the U.S. dollars and the falling yields from U.S. bonds. On the other hand, gold prices have been steadily inching upwards, showing a clear demand for the safe-haven metal.
Please note that there will be a 1% fee to perform a recast. Therefore, you will need at least 101 DGX tokens in your wallet to successfully perform a recast.
Upon a successful recast, the system will set a reminder a week before the scheduled collection date.
If you do not collect the gold bar by the agreed date, the gold bar will automatically be reminted into DGX
Look for the recast section after logging into your dashboard and start by loading your wallet
Digital transformation is disrupting the business model of every organization for the better — enabling companies to scale to greater heights, maximize growth opportunities and build new, efficient business models. 70% of digital transformation failed due to common pitfalls such as poor cross-functional collaboration and a lack of accountability. To address existing pitfalls, the vision to build a fully connected technological ecosystem that is transparent,trust-able and interoperable will allow organizations to future proof their businesses for the years to come.
Blockchain, without a question, is one of the most promising and transformational technologies that drives this vision. It disrupts the…
First of its kind partnership will enable players to receive in-game gold through Axie-DGX tokens that will be redeemable for physical, investment-grade gold
Singapore, 20 July 2020 — Digix, creator of the world’s first asset-backed digital gold token, has today announced a partnership with Axie Infinity, a game built on Ethereum that enables players to collect, raise and battle fantasy creatures. This partnership will enable Axie Infinity players to receive in-game tokens that are backed and redeemable for physical, investment-grade gold.
In an industry first, real gold rewards will be offered as an in-game currency via Axie-DGX tokens which can…
2020 has been a bumpy ride so far. Investors around the globe are witnessing volatile markets as a result of the changing economic and political developments around the world. From the US-China trade tensions, uncertainty around Britain’s future and the ongoing Covid-19 pandemic — financial markets are seriously impacted and certain countries are already experiencing a recession.
This has pushed investors to look for “recession-proof assets” that are uncorrelated to traditional market movements and economic fluctuations to protect their wealth. …
It was 7.18 AM, a casual Monday morning to the start of a national holiday in Singapore. I was enjoying my home-made coffee and the tranquility which many of us can never get enough of.
Being human, we have our preferences and how we like our coffee — Some like it bitter, while others don’t. Regardless of personal preferences, there are two important parts to making a cup of coffee; freshly roasted coffee beans, and a good coffee brewer.
I sat at my dining table, slowly sipped my home-brewed morning coffee and reached out to my phone. In a single…
Gold price rises as global recession draw near.
The COVID-19 pandemic has shaken up the global economy and pushed the world into a lockdown against the backdrop of last year’s — China-US trade war, Brexit and geopolitical turmoil. In March 2020, the Federal Reserve cut interest rates to zero and launched a massive quantitative easing program in the face of an imminent global recession — and two weeks ago, the International Monetary Fund (IMF) predicted that the pandemic will cause the economy to face its worst recession since the Great Depression. …
If you locked your DGDs in the governance quarters, please do multiple withdrawals from https://community.digix.global to unlock your DGDs.
A bug residing in the DigixDAO contracts will result in the loss of locked DGD tokens when they are not unlocked from DigixDAO. DigixDAO participants who had previously locked their DGDs on the governance platform would not be able to unlock their DGDs in full and can only unlock a linearly decaying number of DGDs per day, until 22 Jun 2020.
There are approximately 2,500 DGDs locked within DigixDAO as of 27 April 2020.
We hereby request that DGD holders, who…
Marketing Lead at Digix