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The DGE blockchain developer recently announced that it has launched two cryptographic exchanges in beta, namely digital coin exchange (DGEX) and the COINZEUS cryptocurrency exchange.
DGEX is intended to be traded exclusively in gold while COINZEUS it's a more conventional exchange.
The soft launch took place at the end of last month, allowing users to play with the commercial interface of both stock exchanges and to test the other features as well. Speaking in detail about this the company's CPO, JA.E noted:
"The open beta test service of DGEx and COINZEUS will focus on the stability of the two platforms. Gold exchange will be authorized to users who have completed the KYC and AML procedures. We will also limit the maximum daily quantity of gold. "
What is DGEx
DGEx is the new trading platform that allows users to buy and sell gold and MDG. The MDG is the digital gold & # 39; which interacts with the native currency of the ecosystem, The Midas Touch Gold [TMTG]. Using TMTG, the exchange allows people to convert gold into MDG and vice versa.
This occurs after the blockchain company has signed a supply agreement with Korea Gold Exchange 3M. The value of MDG is supported by a real value in gold. And if all goes well, the introduction of other metals and rare gems is very important
Speaking of the beta version the CTO of DGE, Thomas Eom, noted with confidence:
"From the platform demonstration we are confident that the platform is ready for the public."
He went on to explain the reasons behind the release of a beta service which states that this period: "will be an opportunity for us to improve any problem on the system such as the crypto-gold exchange device, the control of reserves and etc".
Eom has therefore moved the attention on the DGEx on two main driving forces,
"Blockchain autonomy and market stability through central control"
At the end of October last year, DGE he had already completed his patent application on "Blockchain based Reserve Control System" in a number of Western and Far East countries.
So after the launch the feedback will be incorporated into the final version and the service should be ready for launch later in the first quarter of this year.
What is COINZEUS
As mentioned, DGE has also launched its own cryptocurrency exchange, COINZEUS. Although not as exciting as the other offer, DGE the top brass is enthusiastic about this too. With some of the industry's best brains at work, the company hopes that trade development experts have been able to consider practicability, governance and expandability to give this offer a unique touch.
In a statement by the CEO of DGE, Nathan Ryu, expressed his optimism about the possibility of exchanges even in these difficult times. He has declared,
"Most cryptocurrency and blockchain companies are going through a difficult period due to falling prices for Bitcoin, Ethereum and other important currencies, and we hope our open beta service can stimulate the cryptocurrency market."
In all this excitement, DGE it was rather silent about regulatory issues and potential licenses for the implementation of these platforms on a larger scale in different countries with different tax laws.
However, any such initiative only strengthens the blockchain movement and as such should be given the opportunity to flourish.
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