Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 80. (Read 30634 times)

You can check that on their website:

"100% of GOLD is backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens in real-time. All physical gold stored in vault is fully insured, 100% of the time.
The insurance covers all risks at full replacement value and is provided by one of the world's largest insurance specie underwriters, Chubb Insurance. Storing physical gold on your own has a number of inherent dangers/problems that can be avoided by using GOLD. Such dangers include home burglary and security risk going to and from the bank, if you choose to store gold at home or limited access if you choose to keep your gold at a bank. "

Making a summary the gold is stored in a vault and it is insured by Chubb Insurance.

interesting where you keep that all gold.any secure valet or in a protected place

No, i meant if you hold gold token on exchange then who will be paying the charge?

Dear libert19,

Digital Gold charges 0.99% annually for the management. Considering that gold is growing 3-5% per year, you are not paying, the market pays you, compared to the USDT. This is one of the GOLD token main advantages compared to any fiat stablecoins. For example, the GOLD token now costs 4-5% more than 3 months ago at the start. During this time, the service commission was only 0.25%.

Regards,
Support Team @ Digital Gold
https://gold.storage (https://gold.storage)

Suppose, one buys gold token on exchange and holds it there to protect oneself from market volatility, then who will be paying the daily interest? I mean small amount that automatically gets deducted on regular basis.

Digital Gold team has started GOLD token listing process on large number of cryptocurrency exchnanges. We are happy to report that GOLD is now listed on LiveCoin https://livecoin.net exchange exchange. GOLD/BTC and GOLD/ETH pairs are now available for trading.

According to our market coverage and expansion schedule, GOLD will be listed on 4 more exchanges before October 10th including TOP10 exchange BitForex. In addition to listing on the exchanges our team will professionally handle liquitity support for highest stability on the market.

These days Bitcoin, Ethereum and most of major cryptocurrencies are too volatile in contrast with stablecoins pegged to physical gold price, so it's a great time to fix the value of your assets and protect from high volatility and loss of value by purchasing GOLD stablecoin until the next market growth starts.

As far as I know, gold supports the GOLD token of the project, stored in the bullionstar vault, I have a question, If I hold the GOLD token,
Can I convert them directly to physical gold?

This is the reason why GOLD will be able to succeed even in this harsh times. They have transparency, professionalism, the capability to communicate to the community, and is back by actual gold. They have the means in order to make this project a success.

Dear bassbity,

Our developers do not want to become "public figures" now, because they also invested in the Digital Gold company.

Regards,
Support Team @ Digital Gold
https://gold.storage (https://gold.storage)

I see you are new member, so I will explain that you have made a mistake and applied in the announcement thread but should in the bounty thread.

Here a link to bounty thread, just apply there again and remove or edit this post because if not it will be removed by mods as spam or off-topic.

https://bitcointalksearch.org/topic/bounty-gold-stablecoin-200000-payouts-in-btc-eth-gold-5164058

Prove of Authentication

Bitcointalk Username: Emmycoded1
Bitcointalk Profile URL:
https://bitcointalksearch.org/user/emmycoded1-2686115

Type of campaign: Creative

ETH Wallet Address:
0xFaAB6d84a692A314EEC4231d40281637f3F12122

Creative Link: https://www.linkedin.com/pulse/digital-gold-stablecoin-completely-support-physical-emmanuel-olusola?published=t

Many projects don't show their teams on the website or in the white paper.

I don't think this is a problem if there is any other way to get this info and great that you ask because I wanted to this same  .

I fully understand that in such a project were transparency is the key the team and especially the key members have to be publicly known.

Have you tried their social media accounts or chat groups to ask this question or find the info?

I want to ask about the team ??

Why is the team not displayed on a white paper or website even though what I read is a very professional management team in a particular field.

I followed and I'm also interested in this project base on the concept put together by the team and their work which has been proof through the date of the birth of this project but waiting for something to give me the assurance and the news about getting listing on top exchange site will totally make me understand that I'm on the right path.
Waiting for the listing confirmation 

When I was translating the content of the https://gold.storage/en-US/home website, I have already found all answers to the questions I had so far.

Anyways this is great that you provided all this info because it would be useful for other members interested in the Digital Gold project.

I am very happy that Digital Gold is so transparent and provide Live Audits feature which allows controlling stored gold bullion in the BullionStar vault in real-time.

Additionally, everything is fully insured and the vault is secured as good as possible. Everything is checked and audited and there is no threat and even if something will happen Digital Gold is fully covered by insurance.

Dear wwzsocki,

The assets are accessible only to leading top management of our company with serious liability conditions written and signed in the contract. Theoretically even low level employee in the bank has access to large amounts of funds and there is even higher risk to see him disappeared with money in safe box than financial top management at Digital Gold. We also have agreement about our business model with our partners - Bulllion Star. They know that we hold our customer's gold in the storage and will not approve quick and unusual withdrawal of  assets from their vault storage. We also may assure you that nor developers, neither ordinary employees have access to Digital Gold assets in Singapore vault storage, we never did ICO or any of similar fundraising campaigns. Digital Gold platform was developed fully with funds of it's founders with global marketing, listing on exchanges and liquidity support strategies and will become more trusted and more popular month after month with each completed step of further development of Digital Gold platform. Any forms of illegal actions of company's top management are meaningless and have no sensewith our expansion plans  at all

At the moment current value of gold in the storage is less than 0.5 Million US dollars. Once the amount exceeds 1 Million US dollar, we will start arranging some additional procedures with our storage partner Bullion Start to raise guarantees for GOLD holders. We are already thinking of possible options to make sure our customers will be satisfied and will have no reasons to worry about such risks at all. At the moment this issue is not relevant due to small amount of physical gold bought with Digital Gold founders own funds.


Regards,
Support Team @ Digital Gold
https://gold.storage (https://gold.storage)

This is really good news for everyone because this project is finally listed at one of the top exchanges. Hopefully everything will go well and the project will attract more participants in the future because I appreciate this project and will buy some gold to hold in the long term because the current market is very volatility and greatly influence the psychology of investors

Thank you for this information. I already have found my answers yesterday but I was too tired in the night to post about it.

I am enrolled in the signature as everybody can see but also applied and was accepted to the translation campaign and that was the best thing to do.

When I was translating the website, I had to read all the content (every single sentence) couple of times and now I know everything about Digital  Gold and the GOLD token.

To be honest, I am surprised that I haven't heard about Digital Gold much earlier.

Dear wwzsocki,

GOLD is a token ticker. We use GOLD in the ANN and bounty thread because of limit in the thread name. The project name is Digital Gold.

Regards,
Support Team @ Digital Gold
https://gold.storage (https://gold.storage)