DigixDAO DGD

Find more information about DigixDAO including social sentiment and CP Risk Score.

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Category

Currency

Price

USD 17.85

CHG % (24H)

-4.23 %

CHG % (7D)

6.58%

Social Sent.

Neutral

CPR Score

6

Fundamentals

Circulating Supply
2,000,000
Total Supply
2,000,000
Max Supply
0
Product Status
Fully working
Consensus Method
N/A
Algorithm

Social Sentiment Social sentiment analysis Twitter posts and reflects how wider public feels about one or another coin at this particular moment of time. Info

Coin Risk Assessment The CPR Score is a cryptocurrency risk score combining Liquidity, Market and Issuer Risk. Info BETA

  • 6/10

Liquidity Risk Liquidity risk is the risk that stems from the lack of marketability of an coin that cannot be bought or sold quickly enough to prevent or minimize a loss. Info

6/10

Market Risk Market risk is the risk of losses in positions arising from movements in cryptocurrency market prices. Info

6/10

Issuer Risk Issuer risk is addressing the various risks associated with the specific coin itself. This contains a variety of risk metrics related to the product, its market, developer and social community. Info

5/10

Price Movement

1 H

-0.16%

30d

+10.55%

90d

-54.79%

Volatility 7d

4.82%

Volatility 30d

7.70%

Max.drawdown

-70.25%

DigixDAO (DGD)

Historical Price & Volume Charts

Description

Digix DAO is a new form of cryptographic asset in that it is a Decentralised Autonomous Organisation or DAO for short. DAO are basically Companies written in code that are there to perform a set of functions with holders of the tokens voting in relation to the number of tokens they hold.

The Digix DAO gives users the right to profits in the trading of Digix tokens (DGX) which own the right to gold stored in vault in Singapore. So if people trade 20 gold bars per day - the Digix DAO token holders will have the profits of the commission from those trades distributed equally amongst themselves.

Genesis Date: 2018-04-04

Website: https://www.dgx.io/

Features

Digix DAO is a "Decentralised Autonomous Organisation" - DAO's are a nascent idea and are therefore not a fully proven concept. The Digix DAO tokens give holders the rights to vote on how funds earned by the DAO are spent and act like shares in a traditional Company.

The DGD tokens give users the right to earn profits from the trading of DGX tokens - which are tokens backed 1:1 with a gram of gold. The DAO or DGD tokens earn a commission fee based on the number of trades of the DGX tokens. holders of the tokens can vote for

There are costss for the DAO so headline commission is not equal to profit. The cost come in the form of storing the gold and auditing its veracity. This is where the role of voting rights come in as holders of the tokens can vote who they want to audit the gold.

If the DAO runs out of funds the founders can propose to raise more tokens in an offering which requires a special majority of voters to agree to.

The initial offering raised $5.5million for 85% of the tokens. The other 15% were rewards for developers and founders - a premine of sorts.

Technology

The DAO token is built on ethereum.

The ICO - or initial coin offering - raised $5.5million to acquire the 85% of the DGD tokens.

Date Price Volume
Elipse