[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 17.

wwzsocki

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First 100% Liquid Stablecoin Backed by Gold

Nobody talks about gold price here? Have you seen what is happening lately?

We have bad situation in Ukraine and gold soon will make new ATH in my opinion, last resistance and "sky is the limit".

GOLD tokens should see a lot of demand and I am sure they do because this is the simplest and most efficient way to invest using crypto and benefit from gold price changes.

tbct_mt2

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Quote from: cheezcarls on February 21, 2022, 08:14:49 PM

Yes there is also a downside of Polygon as well when dealing with other coins and tokens to either buy or sell. You also mention about Binance Smart Chain, but they too have downside which is similar to Polygon that is network congestion.

It works like this, always in crypto. When a new chain with new technology launches, it has lot of promise, and works fine. Time goes, network becomes bigger and hits its limit. Then congestion comes and the growth is down. Ethereum, Binance Smart Chain, Polygon, Solana. Soon we will have chance to witness it again with Avalanche.

Quote

But I know that the Digital Gold team is not closing their doors in moving to another blockchain. As ETH 2.0 seems not likely anymore but rebranding to consensus layer, I just don’t know though if the team keep their faith in Ethereum. Coz’ only those traders using the ETH blockchain who can afford to pay such fees are big timers. Not just one time, but either a few or more times.

Ethereum is a safest altcoin network and I think it is a second safest network in crypto, just behind Bitcoin network. I understand why the GOLD team want to stay with Ethereum. However, on the other side, transaction fee on this network is painful for users. It does not hurt big users but for small users, it is painful actually.

I do not complain about it but it is fact about Ethereum and ERC-20 chain.

cheezcarls

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Quote from: Anonylz on February 20, 2022, 08:42:19 AM

Quote from: ice18 on January 22, 2022, 01:42:06 AM

Quote from: libert19 on January 13, 2022, 12:00:02 AM

I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

Most likely on polygon network since its a layer2 solution and compatible in eth, but maybe they are concerned in security issues when shifting in another chain, Polygon network have a recent incident about hacking almost 800k matic last year. (https://thecryptobasic.com/2021/12/30/polygon-admits-the-network-was-hacked-hacker-swiped-801601-matic-tokens/).

And a little congestion just mess the network up, lately, polygon has been very difficult to transact with, getting confirmation in your transaction will stay pending, speeding up the transaction doesn't help things in most cases,
If they are supporting another chain is a good idea, but most of them also have issues, eth is facing constant high fees, bsc much better, polygon really needs to get it together.

Yes there is also a downside of Polygon as well when dealing with other coins and tokens to either buy or sell. You also mention about Binance Smart Chain, but they too have downside which is similar to Polygon that is network congestion.

But I know that the Digital Gold team is not closing their doors in moving to another blockchain. As ETH 2.0 seems not likely anymore but rebranding to consensus layer, I just don’t know though if the team keep their faith in Ethereum. Coz’ only those traders using the ETH blockchain who can afford to pay such fees are big timers. Not just one time, but either a few or more times.

Anonylz

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Quote from: ice18 on January 22, 2022, 01:42:06 AM

Quote from: libert19 on January 13, 2022, 12:00:02 AM

I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

Most likely on polygon network since its a layer2 solution and compatible in eth, but maybe they are concerned in security issues when shifting in another chain, Polygon network have a recent incident about hacking almost 800k matic last year. (https://thecryptobasic.com/2021/12/30/polygon-admits-the-network-was-hacked-hacker-swiped-801601-matic-tokens/).

And a little congestion just mess the network up, lately, polygon has been very difficult to transact with, getting confirmation in your transaction will stay pending, speeding up the transaction doesn't help things in most cases,
If they are supporting another chain is a good idea, but most of them also have issues, eth is facing constant high fees, bsc much better, polygon really needs to get it together.

GOLD_official

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Quote from: wwzsocki on February 12, 2022, 03:20:48 PM

Quote from: cheezcarls on February 11, 2022, 03:16:16 AM

...ethereum fees are horrendous...

I understand your point and you are totally right that smaller players and all other GOLD token users loose a lot on fees and another pair in Marketplace would be great, especially with crypto from chains like BSC, Solana, Tron or any other that is cheap, fast and have a lot of adoption already.

ETH 2.0 should happen finally, we all counted that it will be much faster from what ETH team said, development progress of ETH and their strategic standpoint (concurrence isn't sleeping) but as always they encountered problems and everything can take a lot longer, to be honest, I don't think that today even Vitalik is able to say when it will be ready.

I hope that Digital Gold team will hear our repeating voices and do something that will make us GOLD token users happy and won't bring problems to further roadmap or development. I understand that there can be and are very important reasons to not implement new pair or to wait for ETH 2.0. I fully trust the team and am sure that they do all what's best for the Digital Gold project, they have proven this already many times and now will be the same.

Dear wwzsocki,

We will make our users happy.

The team looking for new ways to solve fee problem. Your suggestion about new pairs has been sent to the team.

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

wwzsocki

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First 100% Liquid Stablecoin Backed by Gold

Quote from: cheezcarls on February 11, 2022, 03:16:16 AM

...ethereum fees are horrendous...

I understand your point and you are totally right that smaller players and all other GOLD token users loose a lot on fees and another pair in Marketplace would be great, especially with crypto from chains like BSC, Solana, Tron or any other that is cheap, fast and have a lot of adoption already.

ETH 2.0 should happen finally, we all counted that it will be much faster from what ETH team said, development progress of ETH and their strategic standpoint (concurrence isn't sleeping) but as always they encountered problems and everything can take a lot longer, to be honest, I don't think that today even Vitalik is able to say when it will be ready.

I hope that Digital Gold team will hear our repeating voices and do something that will make us GOLD token users happy and won't bring problems to further roadmap or development. I understand that there can be and are very important reasons to not implement new pair or to wait for ETH 2.0. I fully trust the team and am sure that they do all what's best for the Digital Gold project, they have proven this already many times and now will be the same.

cheezcarls

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Quote from: libert19 on January 13, 2022, 12:00:02 AM

I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

I highly agree on this one despite that Ethereum is a true decentralized network. I guess if we are holding not much GOLD tokens, it isn't a good idea doing buying and selling them in their own exchanger because of the exorbitant and uncontrollable high gas fees. MATIC mainnet is much cheaper and reliable in my opinion for the GOLD token.

And of course, our hopes for ETH 2.0 is no more as it'll be rebranded to consensus layer. So until further notice, we've got nothing much to do with these gas fees, especially that GOLD is still an ERC20 token.

wwzsocki

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First 100% Liquid Stablecoin Backed by Gold

Today GOLD price made massive move and spiked almost 5% which is a lot taking into consideration price action in last months.

Last 10 days GOLD price is moving constantly up and finally looks like there is enough power to break the resistance and moon.

Gold token is just ideal if you want to invest and get all benefits from this move in GOLD price, in my opinion 2022 will be the year when GOLD will break 2000$ price point per ounce.

I personally keep accumulating Gold tokens because this is the easiest way to invest in digital gold fully anonymous.

GOLD_official

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Quote from: utkuy on February 01, 2022, 01:11:41 PM

Hi,
Have you ever thought about selling gold bullion as NFT?
It can be in other metals such as Silver and Platinum.
Thus, you can reach new buyers in new markets.

Dear utkuy,

Right now we are not planning to sell Digital Gold NFT.

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

utkuy

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Helena Helena!

Hi,
Have you ever thought about selling gold bullion as NFT?
It can be in other metals such as Silver and Platinum.
Thus, you can reach new buyers in new markets.

libert19

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Quote from: ice18 on January 22, 2022, 01:42:06 AM

Quote from: libert19 on January 13, 2022, 12:00:02 AM

I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

Most likely on polygon network since its a layer2 solution and compatible in eth, but maybe they are concerned in security issues when shifting in another chain, Polygon network have a recent incident about hacking almost 800k matic last year. (https://thecryptobasic.com/2021/12/30/polygon-admits-the-network-was-hacked-hacker-swiped-801601-matic-tokens/).

That's indeed a trouble, hopefully some rollup will provide security of ethereum but with cheaper transaction cost.

ice18

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Quote from: libert19 on January 13, 2022, 12:00:02 AM

I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

Most likely on polygon network since its a layer2 solution and compatible in eth, but maybe they are concerned in security issues when shifting in another chain, Polygon network have a recent incident about hacking almost 800k matic last year. (https://thecryptobasic.com/2021/12/30/polygon-admits-the-network-was-hacked-hacker-swiped-801601-matic-tokens/).

GOLD_official

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Quote from: libert19 on January 20, 2022, 10:58:11 PM

Having own logo and price on etherscan + cmc and coingecko listing would help with exposure (realized through comment posted on bounty thread).

Dear libert19,

Will forward that to the team. Thank you.

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

libert19

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Having own logo and price on etherscan + cmc and coingecko listing would help with exposure (realized through comment posted on bounty thread).

taufik123

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Quote from: libert19 on January 13, 2022, 12:00:02 AM

I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

i think so too, but devs may have their own thoughts and have their own goals which they will certainly develop for the GOLD TOKEN. A good future and with the planning of several new projects will certainly make GOLD TOKEN even better. If you are on a cheaper chain, of course there will be a Bridge Feature between the ETH network and other networks such as Polygon, BSC and other networks.

libert19

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I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

tbct_mt2

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Quote from: taufik123 on January 06, 2022, 11:54:01 AM

GOLD TOKEN gives me many benefits and becomes my source of income every month. So if just making this kind of graphic was easy for me and making a T-shirt design that I hope all GOLD TOKEN members can apply to their own custom t-shirts ( if there is another design request I will try to make it ).
I fully support GOLD TOKEN because GOLD TOKEN has been able to survive until now, this is really amazing.

Me too. It is my honor to be hired by GOLD team and it's my pleasure to work with them more than 2 years. I really like your designs for GOLD team. Your efforts show that we have good members in the community and GOLD team will get benefit from community contribution.

BTC vs gold correlation. There are many months Bitcoin and gold have similar movements but then they move separately in latest months. However, I strongly believe that gold will be one of most favorite in coming years when the world will face with hyper inflation and consequences of it.

It is proven in a long history that inflation will trigger a good growth of gold price.

taufik123

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Quote from: tbct_mt2 on January 02, 2022, 11:43:07 AM

Thanks for the graphics and happy new year. Again, you made another good graphics for GOLD community. I did not forget that you designed some cool T-shirt for GOLD community last year.

GOLD TOKEN gives me many benefits and becomes my source of income every month. So if just making this kind of graphic was easy for me and making a T-shirt design that I hope all GOLD TOKEN members can apply to their own custom t-shirts ( if there is another design request I will try to make it ).
I fully support GOLD TOKEN because GOLD TOKEN has been able to survive until now, this is really amazing.

Quote from: Leviathan.007 on January 04, 2022, 03:51:10 PM

Happy new year to you and your family too, It's another year we do have with the Digital Gold project, the most impressive thing is the team behind this project showed us how stable they are, in 2021 the smart contract had some problems because of the attackers and any other team could easily close everything and the project could be failed but the digital gold team is still offering the safe tokens with exactly the same value of the physical gold. I believe the first quarter of 2022 is a good chance for buys to buy and hold gold as much as they can for the long term.

GOLD TOKEN certainly has a very solid team, I'm sure that, even though there is no update about the team, it was able to solve a big problem that had threatened GOLD TOKEN in 2021, and was only solved in a few days with a new Smart Contract.
Let's wait and see what surprises the next GOLD TOKEN Team will give in 2022.

Leviathan.007

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Quote from: taufik123 on January 01, 2022, 11:02:37 PM

~snip

Happy new year to you and your family too, It's another year we do have with the Digital Gold project, the most impressive thing is the team behind this project showed us how stable they are, in 2021 the smart contract had some problems because of the attackers and any other team could easily close everything and the project could be failed but the digital gold team is still offering the safe tokens with exactly the same value of the physical gold. I believe the first quarter of 2022 is a good chance for buys to buy and hold gold as much as they can for the long term.

tbct_mt2

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Quote from: GOLD_official on December 26, 2021, 08:57:08 AM

Hi. We are developing further and will definitely introduce new things. Use a token to save your money during inflation. We will see good growth in gold very soon.

It's very promising sneak peek for a new year. Inflation since the pandemic is worse, not better. We are living in hyper-inflated period, not only inflated like years ago.

In my opinion, we should call it as hyper-inflated because like in the US. government printed 40% of total circulating supply within just last 2 years. Who should call it as normal inflation?

Quote from: taufik123 on January 01, 2022, 11:02:37 PM

HAPPY NEW YEAR 2022 DIGITAL GOLD

Thanks for the graphics and happy new year. Again, you made another good graphics for GOLD community. I did not forget that you designed some cool T-shirt for GOLD community last year.

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 17. (Read 31836 times)