TL;DR Guide to buying and selling DGX digital gold tokens through the Digix Marketplace using Ethereum.
What is DGX?
DGX is an Ethereum based cryptocurrency backed by physical gold stored in Singapore. That means, 1 DGX = 1g (99.99 LBMA) gold which, at the time of writing, is valued at $43.24 USD or 0.1157 ETH.
The advantages are huge:
- Unlike other cryptocurrencies DGX is backed by a physical assets
- Unlike USDT (backed by USD), DGX has no fractional reserves
- DGX can be stored on virtually any Ethereum compatible wallet
- Unlike gold, it’s very easy, fast and cheap to transfer DGX
Where can you buy DGX?
DGX is available trough the Digix Marketplace.
- Registration is straightforward
- DGX may be purchased using ETH (Ethereum) only
- The Digix Marketplace is compatible with the Ledger Nano S
- The current supply is limited to 10,000 DGX (10,000g of gold)
The only exchange that supports DGX as DGX/ETH trading pair is EtherDelta, a decentralized Ethereum & Ethereum token exchange. Unfortunately there’s virtually no liquidity.
How do I sell DGX?
- Have the piece of gold shipped to you (100+ DGX)
- EtherDelta
Update: 2018-06-08
A number of new services support DGX:
Update: 2022-09-21
Digix Holdings has withdrawn from the Payment Services Act licensing in Singapore as of 21 Sept 2022.