Digix Decentralized Autonomous Organization (DigixDAO) is a self-governing group that aims to create tokenized projects that will benefit the Digix and DGX ecosystem. Anyone can become a member of the community by possessing DigixDAO token (DGD).
The organization was founded in December 2014 with the chief goal of tokenizing digital assets with the collective guidance and effort of its community. This means that all decisions taken about DigixDao’s future happen in parallel to the votes of the decentralized group of participants: DGD’s token holders.
DigixDAO price is at $38.80 with a 24-hour trading volume of $7,824,387.11 at the time of writing.
DGD tokens offer token holders the opportunity to moderate, approve, reject, and comment on projects on the DigixDAO governance platform.
With a different purpose than the huge majority of the cryptocurrencies on the Market, DigixDAO developers believe in the democratization of hard assets like Gold and other valuable commodities.
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DigixDAO also aims to be a self-organizing community on the Ethereum blockchain, leaving its token holders to decide the direction of the asset tokenization business. Digix also offers an API that enables other applications to be built on top of its asset tokenization service.
Smart contracts for DigixDAO are publicly available on the Ethereum blockchain, as well as all projects are publicly open to comments and votes. It works on transparency in all the stages of each project. Also, it was built to be equitable, which was the main idea behind the design of the rewards system. The more individuals actively participate and contribute to the project, the bigger the rewards are.