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DigixDAO priceDGD
DigixDAO price live data summary
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About DigixDAO (DGD)
DigixDAO is a cryptocurrency that has gained significant attention in the digital currency market. It is an Ethereum-based token that aims to create a decentralized platform for trading gold-backed assets. The key feature of DigixDAO is its unique approach to digitizing real-world assets, specifically gold. Each DigixDAO token, known as DGX, represents 1 gram of gold and is stored in secure vaults. This feature provides stability and security to the token holders, as it offers a tangible asset that has intrinsic value. One of the historical significances of DigixDAO is its contribution to the concept of tokenization, where physical assets are represented by digital tokens on the blockchain. This allows for increased liquidity and ease of trading, as tokens can be easily transferred and traded between users without the need for middlemen or physical delivery. Another important aspect of DigixDAO is its decentralized governance system. Token holders have the ability to vote on important decisions regarding the platform, such as proposals for asset additions or changes to fees. This creates a democratic and transparent ecosystem, where the community can actively participate and shape the future of DigixDAO. Additionally, DigixDAO utilizes smart contracts on the Ethereum blockchain to ensure transparency and security. These contracts automatically execute actions based on predefined conditions, eliminating the need for intermediaries and reducing the risk of fraud or manipulation. DigixDAO's potential lies in its ability to bridge the gap between traditional assets, like gold, and the digital currency space. By offering a stable and secure tokenized asset, it provides a means for individuals and institutions to diversify their investments and navigate the volatile nature of cryptocurrency markets. In conclusion, DigixDAO is a cryptocurrency that stands out due to its innovative approach to digitizing real-world assets, particularly gold. With its gold-backed tokens, decentralized governance, and smart contract functionality, DigixDAO has established itself as a significant player in the cryptocurrency industry.
DigixDAO price performance in USD
DigixDAO price history in USD
DigixDAO market information
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DigixDAO Social Data
In the last 24 hours, the social media sentiment score for DigixDAO was 3, and the social media sentiment towards DigixDAO price trend was Bullish. The overall DigixDAO social media score was 0, which ranks 2260 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with DigixDAO being mentioned with a frequency ratio of 0%, ranking 2260 among all cryptocurrencies.
In the last 24 hours, there were a total of 16 unique users discussing DigixDAO, with a total of DigixDAO mentions of 3. However, compared to the previous 24-hour period, the number of unique users increase by 220%, and the total number of mentions has increase by 200%.
On Twitter, there were a total of 0 tweets mentioning DigixDAO in the last 24 hours. Among them, 0% are bullish on DigixDAO, 0% are bearish on DigixDAO, and 100% are neutral on DigixDAO.
On Reddit, there were 25 posts mentioning DigixDAO in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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