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DigixDAO (DGD) Price - $183.803 | Live Price Chart | Today Price/Rate/Value | Current Price

DigixDAO (DGD Coin) Price: $183.803 (-5.51%) to USD | DigixDAO Live Price Chart | DigixDAO (DGD) Portfolio | DigixDAO Price Today, DigixDAO Exchange, Market Capital, Circulating Supply, Values, Trading, DGD to USD, DigixDAO Current Price, 1 DigixDAO DGD to USD, BTC, INR, AUD, EUR and Many More... Current Updated Price, DigixDAO ( DGD ) Price/Rate/Value Today, Live Price/Rate/Value Info| DGD/USD, DGD/BTC. DigixDAO price today

Market: DGD | Last Price: 183.803 USD | Currency: Digitalcoin | Coin Currency: DigixDAO | Join digitalcoinprice.com and start trading today!

DigixDAO (DGD)

Price: $183.803 0.0222591 BTC | -5.51%
1 hour -0.2%
24 hours -5.51%
7 days -8.75%
Market Cap
$367,606,000
Volume (24h)
$1,780,920
Add To Portfolio Add To Favorite
Circulating Supply
2,000,000 DGD
Total Supply
2,000,000 DGD
Max Supply
-- DGD

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Algorithm N/A
Start Date N/A
Chat
BlockRR. N/A
Network H/s N/A
Mineable No
Token Yes
Website Website
Explorer Explorer
Proof Type N/A
Twitter @digixglobal
DifficultyAdj. N/A
BlockNo. N/A
Block Reward N/A
Coin No
Wallet Wallet Wallet
Message Board Message Board

Introduction

Digix DAO is a new form of cryptographic asset in that it is a Decentralised Autonomous Organisation or DAO for short. DAO are basically Companies written in code that are there to perform a set of functions with holders of the tokens voting in relation to the number of tokens they hold. 

The Digix DAO gives users the right to profits in the trading of Digix tokens (DGX) which own the right to gold stored in vault in Singapore. So if people trade 20 gold bars per day - the Digix DAO token holders will have the profits of the commission from those trades distributed equally amongst themselves. 

Features

Digix DAO is a "Decentralised Autonomous Organisation" - DAO's are a nascent idea and are therefore not a fully proven concept. The Digix DAO tokens give holders the rights to vote on how funds earned by the DAO are spent and act like shares in a traditional Company. 

The DGD tokens give users the right to earn profits from the trading of DGX tokens - which are tokens backed 1:1 with a gram of gold. The DAO or DGD tokens earn a commission fee based on the number of trades of the DGX tokens. holders of the tokens can vote for 

There are costss for the DAO so headline commission is not equal to profit. The cost come in the form of storing the gold and auditing its veracity. This is where the role of voting rights come in as holders of the tokens can vote who they want to audit the gold. 

If the DAO runs out of funds the founders can propose to raise more tokens in an offering which requires a special majority of voters to agree to. 

The initial offering raised $5.5million for 85% of the tokens. The other 15% were rewards for developers and founders - a premine of sorts.  

Technology

The DAO token is built on ethereum. 

The ICO - or initial coin offering - raised $5.5million to acquire the 85% of the DGD tokens. 

DigixDAO Trading Data

DigixDAO Price USD Market Cap Circulating Supply Maximum Supply Volume (24h) %(1h) %(24h) %(7d)
$183.803 $367,606,000 2,000,000 DGD 0 DGD $1,780,920 -0.2% -5.51% -8.75%