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DigixDAO(DGD)

Token
0xe0b7927c4af2...21a9645f0e2a
HomesteadContract #15KSource VerifiedEdit this contract
Deployed April 26, 2016 (10 years ago)Block 1,409,121

The DigixDAO governance token (DGD), representing the first Ethereum crowdsale to reach its funding cap — raising $5.5 million in under 24 hours in March 2016.

Homestead EraVerified Source

Historical Significance

The DigixDAO crowdsale was a watershed moment for Ethereum. It was the first crowdsale on the platform to reach its funding cap, demonstrating that Ethereum smart contracts could be used to raise significant capital in a trustless manner. Completed in under 24 hours, it preceded The DAO by approximately two months and helped establish the template for the ICO boom that would define 2016-2017. MyEtherWallet specifically added Digix crowdsale support to its interface, marking one of the first integrations between a wallet tool and a token sale contract.

Context

In early 2016, Ethereum was less than a year old and the ecosystem was still nascent. ETH had recently increased roughly tenfold in value, trading around $10-12. The Digix crowdsale launched just weeks before The DAO (April-May 2016), which would become the largest crowdfunding event in history at the time. The success of the Digix sale validated the concept of on-chain fundraising and directly influenced the wave of ICOs that followed. The Ethereum community on Reddit celebrated the milestone, with the announcement post receiving 73 upvotes and extensive discussion about the implications for the platform.

Token Information
Logo
DigixDAO logo
via RPC
Token Name
DigixDAO
Symbol
DGD
Decimals
9
Key Facts
Deployment Block
1,409,121
Deployment Date
Apr 26, 2016, 11:24 PM
Code Size
2.2 KB
Gas at Deploy
1,195,095
Transactions by YearPartial (capped)
201610,395
201733,904
20185,701

Description

DigixDAO (DGD) is the governance token for Digix Global, a Singapore-based project that pioneered the tokenization of physical gold on Ethereum. The DGD token was created as part of a crowdsale smart contract system that allowed participants to contribute ETH in exchange for DGD tokens, which granted holders governance rights over the DigixDAO treasury and a share of transaction fees from the Digix Gold Token (DGX) ecosystem.

The DigixDAO crowdsale launched on March 30, 2016, and reached its hard cap of $5.5 million worth of ETH in under 24 hours — making it the fastest and one of the largest Ethereum crowdsales at that time. The sale contract was built using Solidity v0.3.0 and included governance, token, crowdsale, and proxy modules. The proxy contracts notably enabled participants to send payments from exchange-controlled accounts (e.g., via ShapeShift), an innovative feature for the era.

Digix's core innovation was the Proof of Asset (PoA) protocol, which created a verifiable on-chain record of physical gold bars, with each step — procurement, auditing, and custodial storage — documented on Ethereum and IPFS. The gold was sourced from LBMA-accredited refineries (Valcambi, PAMP Suisse, Nadir Bullion) and audited quarterly by Bureau Veritas (Inspectorate). Each DGX token represented 1 gram of gold stored in Singapore vaults.

The DGD contract was deployed by address 0x4366dDc115d8cF213c564da36e64C8ebaA30CdBD. The project was founded by KC Ang and Shaun Djie. Vitalik Buterin publicly endorsed the project, stating: "Giving users easy access to many different kinds of digital assets on the blockchain, and particularly tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level."

Source Verified

Etherscan verified
Heuristic Analysis

The following characteristics were detected through bytecode analysis and may not be accurate.

Detected Type: Token
Has ERC-20-like patterns

Bytecode Overview

Opcodes2,248
Unique Opcodes172
Jump Instructions141
Storage Operations61

External Links