Digix: Digix Dev Update — Feb 13th 2018, Audit Fixes, Kovan Deployment, UIUX Testing for Marketplace and…

ethereum blockchain

Digix Dev Update — Feb 13th 2018, Audit Fixes, Kovan Deployment, UIUX Testing for Marketplace and PoA, CryptoKitties

Tech Development — Final audit report

As mentioned in our previous dev update, we have attached the final audit report provided by our security auditors as well as the responses and fixes that we have worked on the past two weeks.

Audit Report link


Responses and Fixes


All DGX 2.0 contracts have therefore now been deployed onto the Kovan Testnet.

You may visit https://digixdev.com/marketplace/ for a trial of our soon to be launched Digix Marketplace as well. For those who already signed up for the demo previously, there are no significant changes apart from having the UI interface with the newly deployed contracts on Kovan.

What we are busy with until the launch of DGX 2.0 in Q1 2018?

End user and operational testing of Proof of Asset Protocol (PoA) and Marketplace

Digix is a hybrid company that has an operational team working on fulfilling the supply chain provenance (PoA protocol) on chain. This means that Digix operational employees will need to be fully educated on handling the UI / UX that interfaces with our DGX 2.0 smart contracts, and the logistics needed in fulfilling vendor orders and delivering the gold bars to the custodian.

Digix employees who are in charge of the real world operations of the Proof of Asset protocol have already begun testing the UI / UX interface which our vendors, custodians and auditors will be using in tracking the gold from vendor to custodial storage on the Ethereum public blockchain, and conducting mock dry runs on the full process from now till launch.

Any improvements in the UI /UX that will make it easy for our custodians or auditors to acknowledge their role in the PoA chain of custody is being sounded out and refined at the moment by our operations team.


Plans for DigixDAO will be worked upon and detailed once we are fully confident with our PoA and UI/UX for the marketplace. We require DGX 2.0 to be production ready before embarking on the next phase in allowing DGD token holders to vote, manage, and disburse funds to projects that will grow the DGX ecosystem.

Team expansion and our new hire!

Rohit N.

We would like to welcome Rohit to the team. Rohit has two years of experience developing industry software. His research interests include GPU computing. He graduated from the Indian Institute of Technology, Kharagpur. He firmly believes in blockchain technology and dabbles on casino idea Dapps in his free time.

Addressing recent interests in Digix

On 6 February, the Digix team put out an FAQ post that was meant to acknowledge the recent interest and public coverage of Digix and DigixDAO by various online media publications and to address certain misperceptions that may have arisen from such public coverage.

In brief, Digix Gold (DGX) tokens and DigixDAO (DGD) tokens are two different native tokens of the Digix ecosystem.

DGX tokens represent physical gold bullion that are securely stored in our custodial vault on a 1:1 proportional basis, with 1 token backed by 1g of gold. The fee structure underlying all DGX transactions on the Ethereum blockchain feeds back into the Digix ecosystem through a rewards pool. More details about the process and the Proof of Asset protocol which underpins this can be found on our website, our Knowledgebase and our whitepaper.

DGD tokens on the other hand were created and distributed through our crowdsale in 2016, for the creation of a self-governing community that will help to grow the Digix ecosystem through a grant allocation and voting process.

As of now, DGX 2.0 is slated for release by end of Q1 2018 and details regarding the DAO governance structure will be released upon launch as well. We will provide our community with updates on the development process, so do follow us on our channels.

For a detailed overview, please refer to our FAQ.

Digix hosts CryptoKitties visit in Singapore

The energy amongst the Ethereum Singapore community from the month of January has continued into February, with meetups having been scheduled for almost every week of February so far.

Last week, we saw the team behind CryptoKitties coming down from San Francisco to Singapore, presenting on their project to a full attendance.

Benny Giang — Founder of Cryptokitties
The enraptured crowd

Benny talks about digital art on the blockchain and digital collectibles such as digital pets, likening it to an evolution which began with the Tamagotchi as a significant starter.

Given the high profile nature of the project (surely everyone knows that CryptoKitties is infamous for congesting the Ethereum network some time back!), it was unsurprising that the presentation enraptured the audience.

More interestingly, Benny Giang talked about how the project started from their hackathon days and looking beyond CryptoKitties, the immense potential that the blockchain has in furthering what digital art symbolises to the community.

Shaun from Digix and Benny takes a joint photo as a shoutout to a long-time fan of both projects, Bitcoin_Louie!

Digix and Cryptokitties, perhaps something could be done together in the near future?

Meetups this week

This week, we have NewEra (NERA) Energy, a carbon credit certification protocol on the blockchain and Indorse, a decentralised professional social media network, presenting before the Lunar New Year starts this Friday.

To end off February, we will have aelf presenting on 27 February their decentralised cloud computing and multi-chain parallel processing system before we begin March in the same week with several other meetups scheduled.

We wish everyone a good Lunar New Year this week!

Any real-time community channels and lines that I can get access to, which are governed by the Official Digix Team?

Original article was created by: Digix at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

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May 22, 2018

DigixDAO Governance Model — Update #3

DGX Rewards SystemDigixDAO receives one third of demurrage fees and all of the transaction fees of the DGX token to be given as a reward to dgd holders for work done in the DAO. These fees will then be distributed amongst DAO participants at the end of every quarter. In order to calculate the...

From: Digix

Digix Dev Update — 22 May 2018

Getting DGX onto Blockfolio, CoinMarketCap, EtherscanThe team is pleased to announce that DGX is now listed on Blockfolio, CoinMarketCap and Etherscan.BlockfolioBesides having DGX listed on Blockfolio, we have collaborated with Blockfolio in being one of the first few teams to be invited to use...

From: Digix
May 15, 2018

DGX is now available to trade on Tokenlon Decentralized Exchange by imToken 2.0

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From: Digix
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DigixDAO Governance Model — Update #2

Point SystemParticipants are awarded with points for their contribution to the functioning of the DAO. These points are non-transferrable and tied to the address of the participant. There are two classes of points in the Digix DAO, namely, Quarter Points and Reputation Points.At the end of a...

From: Digix

Digix Dev Update — 8th May 2018

DGD Governance SystemWe have been working on our DGD governance and will provide a separate update (Part 2) following this.A look at DGX since our soft launch on April 8DGX Public Asset ExplorerDGX tokens went live for purchase on April 8 — exactly a month ago. More details on the sales...

From: Digix
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Olympus Labs and Digix partner to bring tokenized gold DGX into the Olympus ecosystem

Olympus Labs signs a strategic sourcing partnership with Digix to bring tokenized gold in the form of DGX tokens into the Olympus ecosystem as part of its crypto index. Olympus will source gold tokens from Digix to bring stability options into their platform.How the partnership will benefit...

From: Digix
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