Monday April 19, 2021
Bitcoin (BTC) $56,819.00   Ether (ETH) $2,258.17
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Blockchain Assets

Olympus Labs and Digix to bring DGX token into Olympus crypto index

Published by CryptoNinjas.net
05/06/2018
Olympus Labs and Digix to bring DGX token into Olympus crypto index

Olympus Labs announced they’ve signed a 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.

Cryptocurrency users will be able to purchase digital gold straight from the Olympus app by buying DGX tokens from Olympus Labs, now being able to hold an asset-backed token using the Ethereum Blockchain.

DGX will be included in the Olympus crypto index, allowing the crypto users to purchase DGX as part of a larger portfolio with a single click. The portfolio will include DGX, MOT, KNC, and potentially others, therefore giving cryptocurrency users the ability to easily acquire a diversified portfolio of crypto tokens.

The importance of including DGX is that it serves as a relatively uncorrelated asset to other tokens in the portfolio, possibly reducing overall portfolio volatility during crypto sell-offs.

With DGX integrated into the Olympus Protocol, DGX tokens can now be included in any custom crypto indexes on the Olympus platform, whether made by the Olympus team, or 3rd party developers using the Olympus protocol.

Kai Chen, CEO at Olympus Labs

[perfectpullquote align=”full” bordertop=”false” cite=”Kai Chen, CEO, Olympus Labs” link=”” color=”” class=”” size=””]“We are very excited to partner with Digix, the first few blockchain companies pioneering on Ethereum and creators of DigixDAO, to push the boundaries of blockchain technology and the cryptocurrency revolution. We are honored to be working with such an amazing and forward-thinking team, and we can’t wait to see what amazing D-applications will come from our partnership!” [/perfectpullquote]

DGX is a real-world asset-backed stable coin, rather than a fiat-backed one, ensuring stability not only during cryptocurrency market turmoil but also during possible ‘traditional’ economic slowdowns. Having a non-fiat backed stable coin being accessible to Olympus clients and developers would assist in hedging risks and provide the crypto market with a powerful alternative to traditional fiat pairs.

[perfectpullquote align=”full” bordertop=”false” cite=”KC Chng, CEO, DigixGlobal” link=”” color=”” class=”” size=””]“We stick to our ethos in creating a gold-backed ERC20 token, namely DGX, as the de-facto asset-backed token on the Ethereum blockchain ecosystem. It being accessible through new D-Apps such as Olympus Lab encourages adoption and awareness of DGX’s stable coin properties and gold’s age-old use as a store of value.” [/perfectpullquote]

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust
Networks & Protocols

Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

04/16/2021
Blockcap mines 544 bitcoin (BTC) in Q1 2021
Mining

Blockcap mines 544 bitcoin (BTC) in Q1 2021

04/16/2021
SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain
Networks & Protocols

SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

04/16/2021
Alpha Finance Lab partners with EPNS bringing better notification system to Alpha Homora users
Networks & Protocols

Alpha Finance Lab partners with EPNS bringing better notification system to Alpha Homora users

04/15/2021
Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks
Vendor Technology

Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks

04/15/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
DEX liquidity provider PancakeSwap now available on SWFT Blockchain

DEX liquidity provider PancakeSwap now available on SWFT Blockchain

04/09/2021
Crypto trading app Orion Terminal expands to Polkadot with Moonbeam integration

Crypto trading app Orion Terminal expands to Polkadot with Moonbeam integration

04/14/2021
Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

04/16/2021
XRP Ledger based exchange Sologenic launches its new DEX

XRP Ledger based exchange Sologenic launches its new DEX

03/31/2021
Boson Protocol concludes $25.8M public sale, token listed on exchanges

Boson Protocol concludes $25.8M public sale, token listed on exchanges

04/13/2021
Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

04/16/2021
Blockcap mines 544 bitcoin (BTC) in Q1 2021

Blockcap mines 544 bitcoin (BTC) in Q1 2021

04/16/2021
SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

04/16/2021
Alpha Finance Lab partners with EPNS bringing better notification system to Alpha Homora users

Alpha Finance Lab partners with EPNS bringing better notification system to Alpha Homora users

04/15/2021
Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks

Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks

04/15/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version