To fund this vision, Digix Global conducted one of the first Ethereum-based ICOs in Q1–2016. The project raised ~466,648 Ether (valued at ~$6MM USD at the time of the sale) and sold 1.7MM DGD tokens (of the total 2.0MM total token supply). The ICO was the second major Ethereum-based ICO following Augur’s ICO in 2015, and sold out in 9 minutes. Ethereum Price (ETH). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. At Digix, we create a world where 99.99% fine gold bars are made divisible, transferable and redeemable. It was the first ever crowdsale and major Distributed Autonomous Organization hosted on the Ethereum network. The sale intended to run for 30 days but met its 5.5 million dollars hard cap in just 12 hours, selling 1.7 million DGD tokens and reserving 300,000 for the Digix team. Ethereum is a platform that can be used to create any arbitrary smart contract including smart contracts that represent digital assets called Ethereum tokens. This is similar to the App Store providing a platform for iOS apps with some apps issuing their own digital currencies that are used within the game or system.
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