DigixDAO
DigixDAO
Token: DGD


Gold-tracking asset on the Ethereum blockchain

ICO dates
Start date: 2016-03-29
End date: 2016-03-30

Registrated in: Singapore

Platform: Ethereum

PREMIUM ICO

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https://digix.global/ Screenshot
DigixDAO categories
Cryptocurrency Software
DigixDAO whitepaper
DigixDAO token sale
KYC passing required No | Whitelist No | Restriction for countries No
Tokens for sale 2,000,000
Acceppting ETH
DigixDAO news, social
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Random whitepaper excerpts

Key Products
1. Proof of Asset (PoA) Asset Cards
PoA Asset Cards consist of the below information permanently uploaded onto the
decentralised database:
­ Time Stamp of card creation
­ SKU of the gold bar
­ Bar Serial number
­ Chain of Custody digital signatures (Vendor, Custodian, Auditor)
­ Purchase Receipt
­ Audit Documentation
­ Depository Receipt
­ Storage fees due
PoA Asset Cards are kept in an Ethereum Wallet.
2. Digix Tokens (DGX)
Dgx Tokens are minted via a Minter Smart Contract. Each DGX token represents 1g of
Gold and divisible to 0.001g. For every PoA Card that is sent to the Minter Smart
Contract, DGX tokens will be issued in return. For instance, a 100g PoA Card sent to the
Minter Smart Contract returns 100 DGX tokens to the user.
Digix Tokens are held in an Ethereum Wallet.
Key Processes
There are 3 modular processes that Digix uses to provide a proof of existence and fungibility for
an asset, 1 for redemption of p...

3.
Recaster Smart Contract
,

which is used to exchange DGX tokens back into PoA Asset
cards. (Fig iv).
Figure iv: Recasting Digix Gold Tokens into Digix Gold Asset Cards
4.
Redemption Process
,

for redeeming physical gold bar with PoA Asset cards. (Fig V).
Figure V: Digix Gold Redemption and Token Based User Identification
5.
Generic I/O Contracts,

allowing developers to utilize PoA Cards or DGX tokens for
Ðapp development.
...

Digix’s Proof of Asset Participants
(Blockchain Oracle Entities)
Asset Vendor
ValueMax Singapore, a publicly listed company, supplies London Bullion Market Association
(LBMA
3
) certified gold bullion bars through the Digix Marketplace. Established in 1988, they
provide pawnbroking services, retail and trading of pre­owned jewellery, gold and luxury
timepieces.
Independent Auditor
Bureau Veritas Inspectorate will carry out quarterly checks on the quality and quantity at our
custodian vault to ensure accounting is upheld. They are a multinational group with capabilities
in an extensive range of commodities, providing independent inspection, sampling and testing
services of precious metals.
Every gold bullion is rigorously tested with precision instruments at Audit. We perform such
measurements using Ultrasonic Gauge Measurements (UTM) and densometers. UTM is a
method of performing non­destructive measurement (gauging) of the local thickness of a solid
element b...

ensuring the authenticity of the reported assets in custody are all acting in a rational manner
who are trying to maximize their profits from the fees that they collect for their service.
Mitigating Potential Points of Failure with Real World Governance
Dishonest Entities and collusion in the chain of custody
Digix works with entities in jurisdictions that provide stringent regulatory oversight and corporate
governance. The entities we have engaged with are either publicly listed or well known in the
industry for providing their niche service. Each entity that we have engaged with performs a
separate function to prevent cheating. For instance, the asset vendor for physical assets cannot
also be the asset custodian. The interest in the service has to be independent of one another.
While the risk of collusion is a real possibility, it is at the cost of severe reputational and legal
damages to the colluding participants. As these entities provide similar other services to other
customers and such reputationa...

All asset data is recorded on the blockchain and exists indefinitely. Even if Digix folds, every
proof generated can be verified and are admissible in a court of law in the applicable
jurisdiction.
Ex post facto Incentivization Mechanism
The Proof of Asset process requires that regular quarterly or more frequent audits to be
performed by a 3rd party auditor on the entire collection of gold assets held at the custodian
vaults. The auditor performs a complete audit of each gold bar which includes verification of its
authenticity, weight, and physical examination to detect anomalies or defects. The auditor
submits a record on the Gold Registry contract for each and every single bar that has been
audited, which contains an IPFS reference to a signed paper documentation, the auditor’s
Ethereum identity, and a pass or fail result.
Digix receives its revenues through the collection of transaction fees paid in the form of Digix
gold tokens. These tokens are held in an escrow contract which can only relea...

Crowdfunding
A Ðapp can provide crowdfunding opportunities with crypto­currencies and crypto­assets, or
offer convertibility of cryptocurrencies to DGX tokens as a hedge to price volatility.
Gold Backed Crypto Currency Developments
Cryptocurrencies can stake a portion of its value with DGX Gold tokens and Gold Assets,
backing its value with Gold.
Crypto Exchanges and Wealth Management Ðapps
When exchanges integrate DGX tokens as a cryptocurrency pair, they will be able to offer a
gold hedge to cryptocurrencies as part of their service offering. Wealth management services
that adjusts your cryptocurrency / crypto asset holdings can be developed to manage an
individual’s crypto financial risk profile.
P2P Lending and Microfinance
Ðapps can utilize DGX Gold for peer to peer lending. A borrower can call for funding through a
Ðapp based on his risk profile and reputation and negotiate a rate of return on the borrowed
funds. Interest / yield payments can be serviced at regular inter...




Ethfans­­
少平
Digix
白皮

:密


资产
中的黄金


prepared by:
Anthony C. Eufemio <

[email protected]

>
Kai C. Chng <

[email protected]

>
Shaun Djie <

[email protected]

>
V1.02
摘要
Digix


它的
资产证
明(
PoA

协议为实

资产


化和文档化提供了使用

例。
PoA
协议
利用
以太坊
9
和星

文件系


IPFS

10

过监



chain of custody
)追踪
资产
。它
实现
了开放和
公开的
资产
存在性
认证 ...

核心


1
资产证
明(
PoA

资产

PoA
资产
卡由以下信息构成,被永久性地上

到去中心化数据


­
资产



时间

­
金条



位(
SKU

­
金条序号
­



数字

名(供

商、托管商、
审计
商)
­
购买
收据
­
审计
文档
­


收据
­

储费

PoA
资产
卡被保存在以太坊

包中。
2 Digix



DGX

DGX



过铸币
智能合

生成。每个
DGX


...