The DigixDao project mainly revolves around the DGX token. Each token is equal to 1 gram of gold. Or in other words: for every DGX token you own, you have 1 gram of 99% LBMC-approved gold. This gold is stored in various vaults around the world.
Founder and CEO Kai C. Chng worked on Wall Street in the past 4 years as an EMFX trader in a global investment bank. He was student International Program at Upenn - Wharton and graduated cum laude from the New York University Stern.
Gold is in agreement with (many) cryptocurrencies that a maximum amount exists. Gold is then still found everywhere in the world, this is far too little to ensure serious "inflation". Yet you do not hear much around you that people invest in gold. That is because it is not easy to get to gold.
The Digix DAO Token is a currency that is directly related to the organization of the same name. The organization facilitates the trade in gold on their own network through the DGX token. The DGD Token is a share in DigixDAO itself.
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