Gold Exchange Vaultoro Announces DASH Implementation
The gold-based cryptocurrency exchange known as Vaultoro announced that the Dash-DAO approved the proposal to implement DASH on the platform. Vaultoro will be receiving over 276 DASH in a period of four months from the DAO that is powered by DASH.
A DAO is a decentralized autonomous organization which decisions are made electronically with a computer code or by the members of the organization. A DAO is able to run completely autonomously if the platform provided sufficient rules and flexibility. At the same time DASH’s DAO is one of the first DAOs recognized by international law.
The funds will be used so as to build a dedicated development and marketing team that will be executing the implementation of the exchange’s new market segment.
The DASH community has been investing over $800,000 to finance projects that are able to help accelerate the adoption of the cryptocurrency in Venezuela. Moreover, they are always searching new organizations that will support DASH and offer users a diverse array of everyday applications.
Vaultoro co founder, Joshua Scigala, commented:
“The opportunity to receive a financial endorsement directly from a software protocol, voted upon by several thousand users, is a first-timer I am happy to experience. The DAO-structure of DASH and its features as digital cash have always been on the edge of innovation with its combination of instant and private transactions for instance.”
Vaultoro provides a real-time trading platform that includes bitcoin and gold. Furthermore, it offers gold savings accounts. At the moment, more than 1.5 tons of gold have been traded in the platform. At the moment, the company is located in Berlin and London and it has over 12,000 customers in 94 different countries.
With this new funding the platform will be integrating the DASH/gold trading pair to offer its clients a new way of trading these assets.
“This all comes with an ease-of-use that will even be improved once Dash releases its new ‘evolution.’ We are happy and really appreciate the support by the DASH community. We aim to include the DASH/gold pair within the next 4 months,” Scigala said.