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HHS orders additional vaccine, increases testing capacity to respond to monkeypox outbreak $DGX $LH
Which stablecoin(s) do you use and why? Can we have a discussion about the volatility of all the stablecoins.
Market cap of Gold-backed cryptos has surpassed $1B
Crypto backed with gold trully decentralized
5 Gold-Backed Cryptocurrencies Compared For 2021
List of Today's and Tomorrow's Upcoming Events
Gold backed crypto tokens (DGX, sXAU) ... Insurance during dips/crashes?
Gold-Backed Cryptocurrencies Compared
Gold Backed Cryptocurrency Compared
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tldr; Microsoft has announced an alliance with Nvidia to create an industrial metaverse network. The alliance will see Microsoft's cloud computing platform, Azure, host Nvidia's suite of internet services for building and operating hyper-realistic virtual worlds called Omniverse Cloud, as well as Nvidia DGX Cloud. The latter is described as an artificial intelligence supercomputing service that gives enterprises access to the infrastructure and software needed to train advanced models for generative AI. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
>stable coin backed by gold? Already there. PAXG, DGX..
DGX and PAXG are interesting Gold stablecoins.
BUSD and USDC are supposed to be backed 1:1 by USD. BUSD is NYDFS compliant, meaning that the likelihood of it actually being solid is pretty high (also attested by its price not moving an inch from the USD in the recent crash, while USDT did waver slightly.) There's other coins like DGX which are supposedly USD, commodity and gold backed. But of those, in trade volume and official status, BUSD seems to be the most trustworthy. The 3 reasons so many still use USDT I'm thinking is the NYDFS compliance, which means US government oversight/involvement (which makes some people break out in hives), just plain habit (People will trade what's most common/highest volume) and just not knowing about the shady circumstances surrounding USDT.
UCASH was one that promised all kinds of stuff with their ecosystem. i think it was defined literally as a business acceptance cash replacement with rewards for customers. ETH HORSE was a gambling token. I think Brain Chain was (DGX or something) was AI on the NEO blockchain. But my memory is shit.
Not in size of the data centres no, but in offering NVIDIA DGX running A100 GPUs at $24 per hour compared to AWS at around $45 per hour they can. Anyway worth running your slide rule over if you have a viewpoint on DLaaS & MLops.
“Kitco Gold is launching a gold-backed stablecoin backed by a single troy ounce of fine gold. The company has partnered with the custodian First Digital Trust, the blockchain provider Tradewind Markets, and tokenization firm Stably. Kitco's ERC20 tokens will be backed by gold reserves held in Directreserve vaults. The well-known CPA verification firm Cohen & Company will bolster the coin's attestation process. Tradewind Markets CEO "Trust and verification are hallmarks of a well-functioning market" KGLD will face projects like Tether Gold (XAUT), Digixglobal (DGX), PAX Gold (PAXG), Perth Mint Gold Token (PMGT), Gold Coin (GLC) In 2020, on a few occasions reports had shown gold-backed tokens were fetching premiums. Tradewind markets is the world's first publicly traded company to create a gold token.” -Summary provided by Sum_It_Up_Bot
To answer your question about DGD, it's the governance token for Digix DAO, which is why it moves like other cryptos. The gold tethered token is DGX. It's all moot now anyways because Digix shut down and returned all its Ether to DGD holders.
DGD was the token for DigixDAO, DGX was their token that represented gold bars. DGD shut down their DAO and allowed DGD holders to burn their DGD for a share of the remaining ETH in the treasury. This meant the market cap of DGD fell as holders burned DGD, but price still appreciates as ETH appreciates since DGD essentially became a weird form of wrapped ETH.
tldr; Nvidia has announced that it will launch a subscription service for its DGX Superpod supercomputer, which is capable of 100 petaflops of A.I. performance, starting at $90,000 per month. The subscription-based model will also include Nvidia’s Bluefield 2 data center processing unit, or DPU, with every DGX supercomputer. The company is also working with Amazon Web Services and Google Cloud for instances within the{} *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
DigixDao (DGD) If I remeber well it was a DAO that earned fees from DGX which was a gold backed token. Gold was in custody in Singapore if I remeber correctly. It was ine of the first DAOs and they had a huge war chest of ETH. I believe investors voted to burn their DGD for ETH from the treasury as they were dissatisfied with the project. So most people left and took their ETH. Not sure what happened afterwards but it has an mcap of 50m Augur (REP) Also one of the first ICOs. It is a prediction platform where you can open any kind of the market (political, sport, trading) and bet on the outcome. The oracles then decide on the outcome. So you had market creators and oracles who were using REP and predictors/betters who were investing ETH. Sounds great, right. But somehow the UI was a total miss and to complicated. Then they upgraded to v2 which changed ETH with DAI. ETH betters were not satisfied as they wanted to bet and earn ETH, not DAI, so they reamined on V1. And then the high Ethereum fees came and it is to expensive to open a market so not many use the platform. They were supposed to implement L2 to avoid high fees but not sure what happened next as I lost my patience
Doge doesn’t really have “infinite inflation.” The amount added to the supply becomes an increasing smaller proportion of the supply. Eventually the 5B DGX added annually will be less than 0.000001% of the supply.
Haven't looked at it, but I feel like there are already many tokens/coins that do this, DGX and PAXG stick out in my memory, what makes this one so much better?
CGT or PMGT look far superior to DGX. The project looks transparent but some huge issues with price fluctuation for a gold backed asset? Pretty worrying. [https://coinmarketcap.com/currencies/cache-gold/](https://coinmarketcap.com/currencies/cache-gold/) vs [https://coinmarketcap.com/currencies/digix-gold-token/](https://coinmarketcap.com/currencies/digix-gold-token/) DGX has 0 Uniswap liquidity and the chart unfortunately is all over the place! Not really representing real gold price movement CGT use Gramchain which nothing can really come close to in terms of asset tracking on the blockchain. The DGX partnerships and explorer certainly provides more peace of mind than Tether gold though.
Idk if you're joking, so in case you're not, here are a few: * PAXG * PMGT * DGX * GLC * XAUT * Meld Gold
Digix is an ERC-20 token where 1 DGX is one gram of gold.