DigixDAO was established by Digix to develop a gold-based payment system on the Ethereum blockchain.
- Founded 2014
- Blockchain-Based Gold Payment System
DigixDAO is the decentralized autonomous organization being developed by Digix. The same company that issued the DGX token, enabling physical gold to be held as a digital asset. DGD is the DigixDAO token. It allows holders to participate in making decisions about how to grow the Digix Global Payment System.
Some have described the DigixDAO token issuance as the first ever crowd sale on the Ethereum Blockchain. DGD holders are rewarded for voting with incentives tied to the DGX coin. These two tokens have a symbiotic relationship that is meant to aid int he creation of a digital gold marketplace and payment system.