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DigixDAO is a decentralized autonomous organization (DAO) constructed on the Ethereum blockchain. It operates through a dual-token system, consisting of DGD (DigixDAO token) and DGX (Digix Gold token).
DGD Token: Serving as the governance token, DGD enables holders to participate actively in the decision-making processes within the DAO. Token holders can vote on a variety of proposals, ensuring that the community has a say in the project's direction and operational processes.
DGX Token: The DGX token represents a specific quantity of gold—namely, one gram. By tying the value of this token directly to physical gold, DigixDAO seeks to provide users with a digital asset that mirrors the stability and reliability typically associated with such a precious metal.
Overall, the primary aim of DigixDAO is to establish a robust, stable digital asset that offers a hedge against volatility prevalent in the cryptocurrency market, all while harnessing the operational benefits of blockchain technology.
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