DigixDAO to Launch DGX 2.0 Baked by Gold

DGX 2.0 will officially be available for purchase from April 8, 2018
27 March 2018   977

Digix is a platform that tokenizes gold on Ethereum, it leverages the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets. Digix has created a range of technologies including The Proof of Provenance Protocol and Digix Gold Tokens (DGX) on Ethereum. 

Digix has reported that it is releasing the new version of DGX tokens, and the whitelisting for marketplace purchases is open from March 26, 2018. Users should register in advance in order to purchase DGX 2.0, as DGX 2.0 will officially be live for purchase from April 8, 2018. The retail customers will have to undergo the Know Your Customer process, where they are needed to provide:

  • Scanned passport or a National Identification card
  • Scanned documents such as bank statements or utility bills issued within 3 months
  • An Ethereum wallet address
  • Well lit room conditions for a Webcam Verification or a photo for verification

The early existing owners of DGX 1.0 will receive DGX 2.0 into the same wallets which they have stored DGX 1.0 on April 8 as well. DGX 1.0 has been last moved on Block number 4369452 and the snapshot block has already been set to send DGX 2.0 to any DGX 1.0 holders. The users are not recommended to move their DGX 1.0 anywhere until they receive DGX 2.0 on April 8.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   102

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.