[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 13.

GOLD_official

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Quote from: ahgmx01 on June 27, 2022, 08:15:37 PM

How do we know that the projected gold reserve really exists?

Dear ahgmx01,

You can check the gold in the BullionStar vault on our website https://gold.storage/en/audits or use BullionStar website https://www.bullionstar.com/myaccount/audit
Account number: 17081

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

ahgmx01

copper member

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How do we know that the projected gold reserve really exists?

wwzsocki

legendary

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First 100% Liquid Stablecoin Backed by Gold

Quote from: tbct_mt2 on June 25, 2022, 08:28:19 AM

... if blockchain technology is the one will be here, will change the world like Internet, Bitcoin will be here too. It is like a heroic legendary icon of blockchain and crypto market. I hope I am not wrong about it...

agree and also think exactly the same way, the only hope I see for BTC is in development - will be finally truly taken to the next level or stay as legendary cryptocurrency and despite technical flaws will still have enough users (adoption) to keep it rolling and have some value

without any real use case not much more left for BTC to be honest

tbct_mt2

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Quote from: wwzsocki on June 24, 2022, 05:51:00 PM

sure I can see that blockchain tech is good and will change the world but...

in my opinion unfortunately BTC exactly same as first old web applications like first email will be replaced by faster, cheaper and better chains, web3 applications that are existing already and each day there are new and better once created

in my opinion BTC is not a safe heaven or digital gold and never was this is another attempt to find any use case for it but market and price show the facts

Bitcoin is still a speculative asset but there are different use cases for Bitcoin. Speculators will consider it as speculative, investors will consider it as store of value, traders consider it as nothing, just a figure to buy and sell in order to get profit as they hope.

But if blockchain technology is the one will be here, will change the world like Internet, Bitcoin will be here too. It is like a heroic legendary icon of blockchain and crypto market. I hope I am not wrong about it.

Quote

hope I am wrong

I hope you are wrong

Gold is proven as a safe heaven for human. We don't need this recession to prove it again.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

Quote from: wwzsocki on June 24, 2022, 05:51:00 PM

in my opinion unfortunately BTC exactly same as first old web applications like first email will be replaced by faster, cheaper and better chains, web3 applications that are existing already and each day there are new and better once created

But so far we haven't seen any "better" chain attempt to even flawlessly replace Bitcoin. Ethereum failed and they are now looking to go POS Grin

Are you talking about Ethereum killers like Luna, Solana? Hahaha

Quote from: wwzsocki on June 24, 2022, 05:51:00 PM

in my opinion BTC is not a safe heaven or digital gold and never was this is another attempt to find any use case for it but market and price show the facts

hope I am wrong

But who said Bitcoin was supposed to be a store of value?
Satoshi's initial vision was to create an alternative electronic peer to peer payment system, if you read through the Bitcoin white paper.

wwzsocki

legendary

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First 100% Liquid Stablecoin Backed by Gold

Quote from: tbct_mt2 on June 23, 2022, 06:16:24 AM

...Sometimes Bitcoin is a more favorite asset. It does not change how people use Bitcoin and gold, how they like it...

hope you are right

Quote from: tbct_mt2 on June 23, 2022, 06:16:24 AM

Quote from: wwzsocki on June 22, 2022, 12:26:06 PM

this is hard to say for me as an crypto enthusiast but also BTC lost their latest digital gold, safe haven rhetoric

that can change the crypto market and give a chance to projects like GOLD token

...Do you see it is good?

sure I can see that blockchain tech is good and will change the world but...

in my opinion unfortunately BTC exactly same as first old web applications like first email will be replaced by faster, cheaper and better chains, web3 applications that are existing already and each day there are new and better once created

in my opinion BTC is not a safe heaven or digital gold and never was this is another attempt to find any use case for it but market and price show the facts

hope I am wrong

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: wwzsocki on June 22, 2022, 12:26:06 PM

this is hard to say for me as an crypto enthusiast but also BTC lost their latest digital gold, safe haven rhetoric

that can change the crypto market and give a chance to projects like GOLD token

Hard to say but nothing is bad. Bitcoin and gold will be asset as store of value. Sometimes people like gold more than Bitcoin. Sometimes Bitcoin is a more favorite asset. It does not change how people use Bitcoin and gold, how they like it.

Bitcoin and gold token have fingers cross by blockchain technology. Do you see it is good?

wwzsocki

legendary

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First 100% Liquid Stablecoin Backed by Gold

Quote from: libert19 on June 15, 2022, 10:30:42 PM

...With current lack of trust in USD stable coins, it's opportunity for Gold token to step up.

this is hard to say for me as an crypto enthusiast but also BTC lost their latest digital gold, safe haven rhetoric

that can change the crypto market and give a chance to projects like GOLD token

libert19

hero member

Activity: 2520

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Just exchanged bounty payment, and appears there is $10-$15 usd difference between sent gold amount and received BTC/eth amount.

Edit: Regarding new chain, I suggest zksync [1], I made some donations on gitcoin with it. It was pleasure. It would also give Gold token exposure. Once on zksync, you could add Gold token on Zigzag exchange [2] with some base liquidity.

[1] https://zksync.io | https://mobile.twitter.com/zksync

[2] https://trade.zigzag.exchange/ | https://mobile.twitter.com/ZigZagExchange

With current lack of trust in USD stable coins, it's opportunity for Gold token to step up.

tbct_mt2

hero member

Activity: 2366

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GOLD_official,

After two years, I think Binance Smart Chain works well enough. It has good capacity to handle transactions and transaction fee is cheaper than ERC-20 chain. I know with the crash of Ethereum, transaction fee on ERC-20 chain becomes cheaper, around 5 dollars per transaction. However if Ethereum rises again, fee will be more expensive again. Even $5 per transaction is not a cheap one.

Have the GOLD team considered about Binance Smart Chain and BNB as another asset to swap with GOLD token and as a chain for transaction with GOLD token?

tbct_mt2

hero member

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Quote from: GOLD_official on June 14, 2022, 07:00:00 AM

According to various estimates, the Celsius project has about $1.5 billion in crypto on various wallets. The company is still trying to keep from collapsing by replenishing its reserves.

According to Colin Wu's calculations, the company's margin call could come when BTC falls < $20,000 - 22,500. All these problems come after the collapse of the Luna coin and problems with algorithmic stablecoins. Is that the end for another crypto company?

Update

After two rounds of deposit in WBTC, Celsius made another deposit in DAI that works $19M. It is another effort from Celsius team to lower liquidation price to $14,000.

Do you think it is enough to save them? I don't believe so. If they have additional $200M to $400M to increase their collateral, they can be safe from this attack. I don't believe they have such money or be able to borrow such money from any entity.

It seems there is a very bad ending waiting for Celsius. I know if Celsius liquidated, it will be another fiasco for crypto market.

https://twitter.com/DylanLeClair_/status/1536806455394897923

masterrex

full member

Activity: 1820

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Quote from: GOLD_official on June 14, 2022, 07:00:00 AM

According to various estimates, the Celsius project has about $1.5 billion in crypto on various wallets. The company is still trying to keep from collapsing by replenishing its reserves.

According to Colin Wu's calculations, the company's margin call could come when BTC falls < $20,000 - 22,500. All these problems come after the collapse of the Luna coin and problems with algorithmic stablecoins. Is that the end for another crypto company?

Sounds not good, for Celsius and its investors, because the bearish trend might continue to wreak havoc on the crypto market in the days to come, thats why I believe it makes the situation worst for Celsius and its investors.

Anyway, while the crypto market is experiencing a downtrend, the Gold price continues to perform positively, thats why Gold is the best choice for our investment today and no doubt Gold Stablecoin can provide that safe haven for our investment.

taufik123

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Rollbit.com | #1 Solana Casino

Quote from: GOLD_official on June 14, 2022, 07:00:00 AM

According to various estimates, the Celsius project has about $1.5 billion in crypto on various wallets. The company is still trying to keep from collapsing by replenishing its reserves.

According to Colin Wu's calculations, the company's margin call could come when BTC falls < $20,000 - 22,500. All these problems come after the collapse of the Luna coin and problems with algorithmic stablecoins. Is that the end for another crypto company?

Several crypto companies suffered a lot of losses when the bitcoin price crashed to the $20,000 area. The Celsius project may still survive bankruptcy as it still has around $1.5 billion in crypto and could replenish its reserves.

But several other companies such as Microstrategy have previously announced that if the bitcoin price reaches <$21,000 it will trigger a "margin call".
Bitcoin today dropped to a low of $20,816 which would normally be a “margin call”, but microstrategy stated that last May the company had 95,643 unencumbered BTC that could be used as additional collateral to avoid a “margin call” from occurring. so it's still safe.

Somehow with other companies or countries that received bitcoin for the first time like EL Salvador, of course they suffered a lot of losses too. Will EL Salvador buy cheap again or are you still thinking about borrowing money? still not yet clear.

Currently the Bitcoin price is crashing, but the Gold price continues to rise.

GOLD_official

copper member

Activity: 676

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According to various estimates, the Celsius project has about $1.5 billion in crypto on various wallets. The company is still trying to keep from collapsing by replenishing its reserves.

According to Colin Wu's calculations, the company's margin call could come when BTC falls < $20,000 - 22,500. All these problems come after the collapse of the Luna coin and problems with algorithmic stablecoins. Is that the end for another crypto company?

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: libert19 on June 04, 2022, 02:58:10 PM

It was fud, the peg was intact. Those who purchased these 'discounted' usdt, sold it for whole buck.

Indeed that was the case with USDT - FUD attack - luckily peg stayed in tact.

We are just discussing, only this is why I mentioned USDT, also don't hold more of it then I need to trade, I rather choose USDC and BUSD when I am selling.

Nobody knows if Tether team for sure have enough USD in vaults to cover the peg if all funds will be swapped at the same time.

I assume they have not and this is one of biggest threats for crypto as a whole because of their market share.

libert19

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Quote from: cheezcarls on June 01, 2022, 07:34:15 AM

Quote from: wwzsocki on May 25, 2022, 12:07:49 AM

Quote from: cheezcarls on May 16, 2022, 09:05:10 AM

~

··· I am not comfortable pairing it with USDT since it was also de-pegged to $0.95 a long while ago after the de-pegging of Terra Luna’s UST stablecoin.

It was fud, the peg was intact. Those who purchased these 'discounted' usdt, sold it for whole buck.

cheezcarls

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Looking for gigs

Quote from: wwzsocki on May 25, 2022, 12:07:49 AM

Quote from: cheezcarls on May 16, 2022, 09:05:10 AM

Just to clarify that Ethereum 2.0 isn't delayed, but already ditched by Vitalik Buterin months ago. It will be rebranded to consensus layer instead...

ETH 2.0 is delayed already from long time - it should be partially launched/implemented

we should have some additional tools already and see the benefits from many technical developments but as we all can see this isn't the case.
I have seen it so many times that already by first delays I just knew "Houston we have problem" and red lamp started to blink

ETH price shows exactly what people think about it and only thanks to low prices we see lower fees, ETH lost a lot, they will never get it back, in my opinion this is just too big task to implement all what they wanted, to literally change how Ethereum operates at that stage with so many projects congested together - build on ETH

in my opinion ETH 2.0 this is "mission impossible" and to be safu they need time - we all know this is the only asset nobody have, especially in crypto

I agree that GOLD token needs another coin in the Marketplace and I suggest USDT (TRC20) , this is the most used coin on TRON - fast, cheap chain that is available/accepted everywhere, if not then BUSD/USDC - we need pair with stablecoin - this will be so much better and easier/cheaper to use.

I am sure Digital Gold team is working on this as we speak and soon we will have more pairs in the GOLD token Marketplace

I actually have to agree with you about that as we need more pairs rather than just GOLD/BTC. And of course, we’re kinda seeking of a cheaper way to buy and sell GOLD tokens without the heavy burden of the exorbitant ETH gas fees.

I am not sure what the future holds for ETH 2.0 or consensus layer though. It’s still uncertain about the effect of the entire Ethereum ecosystem once the 2.0 was implemented. I am not comfortable pairing it with USDT since it was also de-pegged to $0.95 a long while ago after the de-pegging of Terra Luna’s UST stablecoin.

wwzsocki

legendary

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First 100% Liquid Stablecoin Backed by Gold

Quote from: Leviathan.007 on May 25, 2022, 09:01:32 AM

...stablecoins such as dai so they won't have regulation issues...

you are right, GOLD token needs truly privacy stablecoin and this is not so easy, still...

even another pair with LTC could be good addition for what we actually have or TRX, we need something that is cheap, trusted, fast, no KYC, congestions, other problems and both of them are also accepted everywhere, many times used as a medium of exchange in ATMs transactions, online services, shops

luckily lately ETH is cheap enough same with BTC transactions unfortunately we can't count that it will stay like this

Leviathan.007

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Leading Crypto Sports Betting & Casino Platform

Quote from: wwzsocki on May 25, 2022, 12:07:49 AM

ETH 2.0 is delayed already from long time - it should be partially launched/implemented
we should have some additional tools already and see the benefits from many technical developments but as we all can see this isn't the case.
I have seen it so many times that already by first delays I just knew "Houston we have problem" and red lamp started to blink
ETH price shows exactly what people think about it and only thanks to low prices we see lower fees, ETH lost a lot, they will never get it back, in my opinion this is just too big task to implement all what they wanted, to literally change how Ethereum operates at that stage with so many projects congested together - build on ETH
in my opinion ETH 2.0 this is "mission impossible" and to be safu they need time - we all know this is the only asset nobody have, especially in crypto
I agree that GOLD token needs another coin in the Marketplace and I suggest USDT (TRC20) , this is the most used coin on TRON - fast, cheap chain that is available/accepted everywhere, if not then BUSD/USDC - we need pair with stablecoin - this will be so much better and easier/cheaper to use.
I am sure Digital Gold team is working on this as we speak and soon we will have more pairs in the GOLD token Marketplace

Not sure about the Ethereum 2 launch date because as well as we know they delayed the launch date everytime and that's not something new about launch date of Ethereum 2.
But regarding the Marketplace and adding some new coins as new pairs for digital gold. I guess USDT is not a good option to be added because there are some regulation issues about using it, but in my own idea the digital gold team can consider adding other stablecoins such as dai so they won't have regulation issues, however, added new pair requires some liquidity and as far as I know that's not going to be free to the team.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: cheezcarls on May 16, 2022, 09:05:10 AM

Just to clarify that Ethereum 2.0 isn't delayed, but already ditched by Vitalik Buterin months ago. It will be rebranded to consensus layer instead...

ETH 2.0 is delayed already from long time - it should be partially launched/implemented

we should have some additional tools already and see the benefits from many technical developments but as we all can see this isn't the case.
I have seen it so many times that already by first delays I just knew "Houston we have problem" and red lamp started to blink

ETH price shows exactly what people think about it and only thanks to low prices we see lower fees, ETH lost a lot, they will never get it back, in my opinion this is just too big task to implement all what they wanted, to literally change how Ethereum operates at that stage with so many projects congested together - build on ETH

in my opinion ETH 2.0 this is "mission impossible" and to be safu they need time - we all know this is the only asset nobody have, especially in crypto

I agree that GOLD token needs another coin in the Marketplace and I suggest USDT (TRC20) , this is the most used coin on TRON - fast, cheap chain that is available/accepted everywhere, if not then BUSD/USDC - we need pair with stablecoin - this will be so much better and easier/cheaper to use.

I am sure Digital Gold team is working on this as we speak and soon we will have more pairs in the GOLD token Marketplace

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 13. (Read 31522 times)