DigixDAO (DGD)

What is DigixDAO?

The DigixDAO project addresses the volatility problem of cryptographic digital assets. They’re introducing a gold backed cryptocurrency that will serve the same purpose as gold does in the traditional market - a hedge in market turmoil and a storage of value. Thus they made a dual coin network on the Ethereum blockchain. DGX - a token that corresponds to one gram of physical gold is tokenized through a special auditory process called Proof of Asset protocol (PoA). The DGD token is a crowdsale and governance token for the DigixDAO network. It entitles holders to system access allowing them to make proposals about network improvements. These proposals are also audited and approved by DGD holders. The network reward for DGD holders fulfilling these tasks is 0.13% of all DGX transactions, serving as an incentive to increase DGX adoption by their actions.