Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

ShapeShift cryptocurrency exchange adds support for DGD and DAO tokens

Cryptocurrency exchange ShapeShift has announced its support for DAO (Decentralized Autonomous Organization) and DGD (Digix DAO) tokens on its platform, taking the total digital currency offerings on the platform to 32.

In a Reddit post, ShapeShift announced:

“The DAO is now live on www.ShapeShift.io along with DGD (Digix DAO token). Buy or sell these assets with more direct pairs than any other exchange. Want to trade your Doge to DAO.... much possible!

“No account needed, no sign up, no friction.”


 


The DAO tokens

The DAO, or Decentralized Autonomous Organization, leverages smart contracts on the Ethereum blockchain to enable anyone, anywhere in the world to create their own autonomous organization. The DAO crowdsale has been highly successful and has broken all records. The creation phase is now over and more than $132 million has been raised.

Following the success of the crowdfunding drive, several cryptocurrency exchanges have announced their support for The DAO tokens including Poloniex, BTC Markets and more recently Kraken.

Digix DAO Tokens

DigixDAO is an organization that aims to create a new gold standard digital payments system on the Ethereum network. DigixDAO Token (DGD) is an Ethereum based asset that represents a portion of the DigixDAO (similar to shares). The DigixDAO cryptocurrency protocol is used for trading DigixGlobal’s gold backed digital tokens (DGX) on the Ethereum platform.

DGX or Digix Gold Tokens are Ethereum-based Gold Tokens that are backed 100% by gold and can be used to redeem physical gold. Each DGX is equivalent to 1 gram of gold and its value at any time is same as that of the equivalent amount of yellow metal. The platform charges a transaction fee of 0.13% per transaction, with a cap of 1 DGX per transaction. DGX holders can also redeem their digital gold token on the Digix platform for the equivalent in gold whenever they want.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 11 09:00 UTC Released

ITRetail Sales NSA YY

Actual

-2.1 %

Forecast

Previous

3.4 %

December 11 09:00 UTC Released

ITRetail Sales SA MM

Actual

-1 %

Forecast

Previous

0.9 %

December 11 11:30 UTC 111111m

TREndYear CPI Fcst/Cb Svy*

Actual

Forecast

Previous

10.68 %

December 11 15:00 UTC 321321m

USEmployment Trends*

Actual

Forecast

Previous

135.6 tln

December 11 15:00 UTC 321321m

USJOLTS Job Openings*

Actual

Forecast

Previous

6.093 Mln

December 11 21:00 UTC 681681m

KRExport Price Growth YY*

Actual

Forecast

Previous

8 %

December 11 21:00 UTC 681681m

KRImport Price Growth YY*

Actual

Forecast

Previous

6.8 %

December 11 23:50 UTC 851851m

JPCorp Goods Price MM*

Actual

Forecast

Previous

0.3 %

December 11 23:50 UTC 851851m

JPCorp Goods Price YY*

Actual

Forecast

Previous

3.4 %

December 12 00:30 UTC 891891m

AUNAB Business Conditions

Actual

Forecast

Previous

21 Bln TRY

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.