[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 14.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

I've tried trading GOLD yesterday, and I paid around $8 for ETH gas fees. But last month, I remember that the gas fees were over $25. To be honest, I would really love GOLD to be open for multi-chain support aside from relying on ETH alone because our main goal was to save as much fees as we can because ETH's gas fees are exorbitant whether we buy or sell it in their own internal marketplace.

And good thing that the safety certificate was renewed and settled, so it's all good.

Quote from: libert19 on May 11, 2022, 09:20:50 PM

Gas fees spiked again and ethereum 2.0 is delayed, please bring token on alternative cheaper chains.

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.

See the source here: https://cryptoslate.com/why-did-ethereum-rebrand-eth-2-0-to-consensus-layer/

Quote from: tbct_mt2 on May 14, 2022, 02:01:27 AM

Quote from: GOLD_official on May 12, 2022, 03:23:39 AM

Attention! The attack on the USDT stablecoin has begun. The chances of its success are much less than with the UST stablecoin. But who has open positions with a large margin, be careful

With USDT and their peg mechanism, it can not be depeged if I don't miss anything.

The attack on USDT happened many times in the past and law suits against Tether too. I hope that again it is just another fud to dump the market. When market is bearish, fud, hack, law suits, lots of negative news will appear at the same time.

It's not the first time that USDT was de-pegged. But as of this time of writing, it's now at $0.999 in CoinMarketCap and it'll be just an inch closer to a solid $1.00 per USDT.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: GOLD_official on May 12, 2022, 03:23:39 AM

Attention! The attack on the USDT stablecoin has begun. The chances of its success are much less than with the UST stablecoin. But who has open positions with a large margin, be careful

With USDT and their peg mechanism, it can not be depeged if I don't miss anything.

The attack on USDT happened many times in the past and law suits against Tether too. I hope that again it is just another fud to dump the market. When market is bearish, fud, hack, law suits, lots of negative news will appear at the same time.

GOLD_official

copper member

Activity: 676

Merit: 181

Attention! The attack on the USDT stablecoin has begun. The chances of its success are much less than with the UST stablecoin. But who has open positions with a large margin, be careful

libert19

hero member

Activity: 2520

Merit: 952

Gas fees spiked again and ethereum 2.0 is delayed, please bring token on alternative cheaper chains.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: GOLD_official on May 10, 2022, 01:54:14 AM

This night, the maximum dumped in the UST token was 60%. UST is an algorithmic stablecoin. It is not 100% backed by assets.

I know. And they have plan to mint more tokens to support their UST in order to help it re-peg to USD. I don't know what it means if you consider it as minting money (token) from thin air and without assets backed behind. $1200 million will be minted to execute their remedy plan.

This melt down of UST and LUNA help people to be enlightened about what is real stable coin. Gold token is a kind of real stable because it is backed by gold bars physically stored in vault.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: wwzsocki on May 10, 2022, 03:16:39 PM

Keep thinking if some more marketing could not help bring more users to GOLD token?

We have promotion here on Bitcointalk ongoing and this is great for sure many users if not majority learned about Digital Gold team and GOLD token from this forum.

This is why I think that wider spread marketing campaign could bring a lot of fresh blood to the system.

Of course, in last days crypto market crashed so hard, that the best is to stay low and wait, still maybe worth to think about some advertising when people will start to buy the dip?

Thanks for your comment. Like we’ve written before, the team is looking into different ways to make the GOLD token a part of a much bigger collaboration. We’re not in a hurry – for now we’re testing different markets and talking to various project teams.

For now we don’t have a precise timeline for launching a new large-scale product – but when (or if) it’s launched, we’ll have a big marketing campaign to promote it.
Our goal isn’t to increase the number of users by 30-100%, but rather 10, 100 or even 1000 times.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Keep thinking if some more marketing could not help bring more users to GOLD token?

We have promotion here on Bitcointalk ongoing and this is great for sure many users if not majority learned about Digital Gold team and GOLD token from this forum.

This is why I think that wider spread marketing campaign could bring a lot of fresh blood to the system.

Of course, in last days crypto market crashed so hard, that the best is to stay low and wait, still maybe worth to think about some advertising when people will start to buy the dip?

libert19

hero member

Activity: 2520

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GOLD_official

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Quote from: tbct_mt2 on May 09, 2022, 10:02:20 PM

Quote from: GOLD_official on May 04, 2022, 01:52:52 PM

Maybe not about the price of a GOLD token, but about the price of gold Grin

The price of gold is good in this chaotic time.

Today TerraUSD has been dumped more than 30% on the market. What happened with UST?
Is it really a stable coin?

Physical gold even moves up on the market last 7 days according to Gold.org. I know Gold has a correction weeks ago but it is still good enough because we don't see -40% or - 60% in gold.

This night, the maximum dumped in the UST token was 60%. UST is an algorithmic stablecoin. It is not 100% backed by assets.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: GOLD_official on May 04, 2022, 01:52:52 PM

Maybe not about the price of a GOLD token, but about the price of gold Grin

The price of gold is good in this chaotic time.

Today TerraUSD has been dumped more than 30% on the market. What happened with UST?
Is it really a stable coin?

Physical gold even moves up on the market last 7 days according to Gold.org. I know Gold has a correction weeks ago but it is still good enough because we don't see -40% or - 60% in gold.

GOLD_official

copper member

Activity: 676

Merit: 181

Maybe not about the price of a GOLD token, but about the price of gold Grin

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on May 03, 2022, 01:48:18 PM

Yes, safety certificate was paid

Happy to see that Digital Gold team acts as always quickly and resolved safety certificate problem on the website.

In my opinion GOLD token is the best and most convenient way to invest and benefit from real gold price changes.

Let's talk about GOLD token price and how it will change short and long term?

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: Buchi-88 on May 03, 2022, 08:22:58 AM

Quote from: GOLD_official on April 29, 2022, 01:23:10 PM

I think the Safety certificate has expired. I wrote to the developers to update. Thank you!

The page is now working properly again. Thanks

Yes, safety certificate was paid

Buchi-88

legendary

Activity: 3976

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Quote from: GOLD_official on April 29, 2022, 01:23:10 PM

I think the Safety certificate has expired. I wrote to the developers to update. Thank you!

The page is now working properly again. Thanks

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on April 29, 2022, 01:23:10 PM

I think the Safety certificate has expired...

looks like

it's not a big issue and I have seen it many times, still it can scare potential new users of Digital Gold Marketplace

I just made transaction using Marketplace and works with no problems as always.

https://gold.storage/market

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: wwzsocki on April 29, 2022, 11:18:43 AM

I see this when entered Digital Gold Marketplace today:

Safety certificate expired or some error?

I think the Safety certificate has expired. I wrote to the developers to update. Thank you!

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

I see this when entered Digital Gold Marketplace today:

Safety certificate expired or some error?

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: estenity on April 23, 2022, 04:14:14 AM

it is not a problem as long as you are sure of recuperating your equivalent price of gold at the end, or in case of need...

never had problem with that either, using Digital Gold Marketplace (https://gold.storage/market) and other different online servicers like LocalBitcoins, Paxful or simply ATMs.

Quote from: estenity on April 23, 2022, 04:14:14 AM

..also lack of privacy is a problem...

Lack of privacy?

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: tbct_mt2 on April 27, 2022, 08:51:06 AM

Quote from: Buchi-88 on April 27, 2022, 03:05:13 AM

Why is there only a small amount of gold available for purchase from this address?

https://etherscan.io/token/0x851e13b3cdcaec6fb3ae446dad82e112abaa827c?a=0xee1583b450156a80071021dbafe2b9b548dfbc6c

That is just 1.3% of the total supply?

Are there specific reasons for this? Thank you for the explanation.

I think it is for security and safety of GOLD token. It is similar to what exchanges or gambling sites do. They don't store all of their cryptocurrency in one or a few hot wallets. When hot wallet for purchasing or withdrawal of customers/ investors are empty, they will top it up shortly.

The max amount for purchasing with each transaction plays a similar role, I think so.

Everything is right. The hot wallet will be replenished

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: Buchi-88 on April 27, 2022, 03:05:13 AM

Why is there only a small amount of gold available for purchase from this address?

https://etherscan.io/token/0x851e13b3cdcaec6fb3ae446dad82e112abaa827c?a=0xee1583b450156a80071021dbafe2b9b548dfbc6c

That is just 1.3% of the total supply?

Are there specific reasons for this? Thank you for the explanation.

I think it is for security and safety of GOLD token. It is similar to what exchanges or gambling sites do. They don't store all of their cryptocurrency in one or a few hot wallets. When hot wallet for purchasing or withdrawal of customers/ investors are empty, they will top it up shortly.

The max amount for purchasing with each transaction plays a similar role, I think so.

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 14. (Read 31522 times)