DigixDAO, consisting of the DGD and DGX tokens, is a project aimed at forming a cryptocurrency that’s value to backed by actual gold. DAO, or the Decentralized Autonomous Organization, is the team building the project and its environment. This project is an attempt at making the ownership of gold digital, which in turns adds a level of legitimacy to the cryptocurrency. The community members purchase DGD tokens which yields an responsibility to vote on proposals for the DigixDAO project. These members earn DGX-similar rewards, which is equivalent to 1 gram of gold. In essence DGD token possession gives managerial decisions to the holder.
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