DigixDAO approves the commitment of $4M to bring gold-backed token DGX to everyday consumers

The DigixDAO community has pooled together $4.3 million in ether (ETH) for Digix, in order to bring its gold-backed token DGX to everyday consumers. One DGX token is backed by 1 gram of gold.

DigixDAO is a decentralized autonomous organization (DAO) that's responsible for governing Digix and allocating funds. DigixDAO raised 466,648 ETH in a 2016 token sale. It currently has about 335,432 ETH in its multi-sig wallet, worth about $57.3 million at the time of writing.

Digix wants to build a global platform where DGX