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Dignity is a gold backed stablecoin. It is one of several digital tokens created by Cryptobontix, that attempt to reduce price volatility by pegging them to a physical asset.Steem Dollars are a stablecoin that are designed to be used as a less volatile medium of exchange on the Steem platform.

Token Stats

Company Description

Dignity is a stablecoin pegged to gold, that was developed by the company Cryptobontix. Each DIG token is pegged to the worth of 0.02445 grams of gold, which was worth exactly $1.00 at the time of the Dignity whitepaper.
Cryptobontix's portfolio of stablecoins are based on a partnership with bullion suppliers. Each individual token acts as a security on a 15-year convertible mortgage. The DIG token is pegged to the value of gold. Every year, 1/15th of the tokens can be redeemed for gold valued at around $1.00.
Cryptobontix does not actually own all of the physical gold. The company plans on spending its profits on acquiring the actual bullion that token holders will have the option of converting.

Steem Dollars, or Steem Based Dollars, are stablecoins released by the Steem platform and pegged to the USD. Steem Dollars (SBD) are one of the three currencies that help power the Steem social media platform. SBD holders are entitled to receive one dollars worth of STEEM when it is redeemed.

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