What is DigixDao (DGD)?
Digix provides a use case for the tokenisation and documentation of physical assets through its Proof of Asset (PoA) protocol. The PoA protocol utilizes Ethereum and the InterPlanetary Files System (IPFS) to track an asset through its chain of custody. This allows for the open and public verification of an asset’s existence without a centralized database. Digix also offers an API allowing other applications to be built on top of our asset tokenization service.
DigixDao is Ethereum's First on-chain Crowdsale. In March 2016, Digix completed the first ever crowdsale on the Ethereum Blockchain. It surpassed expectations by reaching it's 5.5 million USD target within 12 hours. History was made. Digix DAO, Ethereum's first major 'Distributed Autonomous Organization' was born.
1. Claim quarterly rewards based on the total DGX collected through transaction fees.
2. Used to pledge on DigixDAO proposals with the goal of increasing DGX adoption
3. DGD value fluctuates based on exchange rates and market forces
4. There are 2,000,000 DGD tokens in existence
The DigixDAO governance model is currently undergoing a careful planning, development and auditing process. Watch this space for exciting updates to come, and join our community to get involved with its progress.
Official Website: https://digix.global/dgd/
White Paper: https://digix.global/whitepaper.pdf