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Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 20. (Read 31836 times)

legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
Direct eth transaction cost the least while token transaction and dex transaction cost more. Even if you do BTC conversion, you can't avoid fees associated with sending token itself.

Indeed, I found that when I tried to send GOLD to Marketplace, still if is stored and needs to be sent from ETH wallet, then costs of transaction can't be avoided. I mistakenly thought that maybe if sent from exchange this cost can be lower or none but of course are even higher because all exchanges changed ETH transaction fees drastically long time ago.

We asked many times for more exchange options in Marketplace and hope that Digital Gold team will listen to us as always. This is truly a problem and 50$-100$ or even more in transaction fees makes GOLD token really hard to use from economical standpoint, especially for small or even medium players. Especially, that concurrence doesn't sleep and there are many copycats already available on multiple chains and exchanges.

Of course we all are here because we trust Digital Gold team and they proven to be trustworthy and professional at least few times already, still GOLD token needs to be easy and cheap to exchange, if not, this will for sure slower the adoption and userbase.
hero member
Activity: 2520
Merit: 952
It seems like $20 is minimum to do anything on ethereum  Huh

then you are lucky, I tried for 2 days and fee was never lower as 55$.

Looks like BTC transactions are cheap and cost only 4$ on average, if this is true then exchanging GOLD tokens to BTC will be the solution to avoid high ETH fees.

Anybody exchanged lately GOLD tokens to BTC using Digital Gold Marketplace? If yes, please share how much that cost?

Or maybe team can share that info?

Direct eth transaction cost the least while token transaction and dex transaction cost more. Even if you do BTC conversion, you can't avoid fees associated with sending token itself.

legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
It seems like $20 is minimum to do anything on ethereum  Huh

then you are lucky, I tried for 2 days and fee was never lower as 55$.

Looks like BTC transactions are cheap and cost only 4$ on average, if this is true then exchanging GOLD tokens to BTC will be the solution to avoid high ETH fees.

Anybody exchanged lately GOLD tokens to BTC using Digital Gold Marketplace? If yes, please share how much that cost?

Or maybe team can share that info?
hero member
Activity: 1806
Merit: 722
Leading Crypto Sports Betting & Casino Platform
It seems like $20 is minimum to do anything on ethereum  Huh

Agreed. Already checked and confirmed, I remember the days when we had to pay less than a dollar to do any transaction on the Ethereum blockchain. But, unfortunately recently, fees are increasing and even if you wait for special hours when the fees are low you will still have to pay too much fees for each transaction. Of course, we cannot blame Digital Gold for this, It's all up to Ethereum and we should see if there is any real working plan to decrease the fees however the Ethereum team failed to do that and resolve the problem so far.
hero member
Activity: 2520
Merit: 952
It seems like $20 is minimum to do anything on ethereum  Huh
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
Happy to inform that Digital Gold Marketplace is operational again, thank you team for fast maintenance.


https://gold.storage/en/market
copper member
Activity: 676
Merit: 181
We are doing such maintenance 2-3 times a year. It is a standard service procedure. Please be patient. It will be online soon.

This is great to hear, of course service procedure happens sometimes and this is no problem.

Only would be great to know this in advance or be informed properly, something to think about before next maintenance.

Simple message in marketplace would be sufficient, instead of "no data" message "scheduled service 48-72 hours" would be much more useful.

waiting for the Marketplace to be open again, fingers crossed, I trust Digital Gold team.

Dear wwzsocki,

We will try to upgrade that notice in the marketplace.

Regards,
Support Team @ Digital Gold
https://gold.storage
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
We are doing such maintenance 2-3 times a year. It is a standard service procedure. Please be patient. It will be online soon.

This is great to hear, of course service procedures happens sometimes and this is no problem.

Only would be great to know this in advance or be informed properly, something to think about before next maintenance.

Simple message in marketplace would be sufficient, instead of "no data" message "scheduled service 48-72 hours" would be much more useful.

waiting for the Marketplace to be open again, fingers crossed, I trust Digital Gold team.
copper member
Activity: 676
Merit: 181
This seems to be an active place to find information in case of such a problem. Why not immediately tell them or users when the maintenance is carried out via gold.storage social account, of course it will sound more professional. Roll Eyes

yes we are still waiting, I just tried to use marketplace again but is still not possible.

do we know any approximately times of this maintenance?

not very encouraging. please give info.

Dear estenity,

We are doing such maintenance 2-3 times a year. It is a standard service procedure. Please be patient. It will be online soon.


Regards,
Support Team @ Digital Gold
https://gold.storage
hero member
Activity: 1924
Merit: 538
This seems to be an active place to find information in case of such a problem. Why not immediately tell them or users when the maintenance is carried out via gold.storage social account, of course it will sound more professional. Roll Eyes

yes we are still waiting, I just tried to use marketplace again but is still not possible.

do we know any approximately times of this maintenance?

not very encouraging. please give info.
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
This seems to be an active place to find information in case of such a problem. Why not immediately tell them or users when the maintenance is carried out via gold.storage social account, of course it will sound more professional. Roll Eyes

yes we are still waiting, I just tried to use marketplace again but is still not possible.

do we know any approximately times of this maintenance?
sr. member
Activity: 1638
Merit: 260
Trphy.io
there are some problems with the Marketplace?

I wanted to use it today but see all the time "no rates" message.


https://gold.storage/en/market

Dear wwzsocki,

Yes. We are doing some maintenance right now on our marketplace. It will come back online soon.



Regards,
Support Team @ Digital Gold
https://gold.storage
This seems to be an active place to find information in case of such a problem. Why not immediately tell them or users when the maintenance is carried out via gold.storage social account, of course it will sound more professional. Roll Eyes
copper member
Activity: 676
Merit: 181
there are some problems with the Marketplace?

I wanted to use it today but see all the time "no rates" message.


https://gold.storage/en/market

Dear wwzsocki,

Yes. We are doing some maintenance right now on our marketplace. It will come back online soon.



Regards,
Support Team @ Digital Gold
https://gold.storage
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
there are some problems with the Marketplace?

I wanted to use it today but see all the time "no rates" message.


https://gold.storage/en/market
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
Lately I start to accumulate more GOLD tokens, wonder what are your thoughts on GOLD price in next 6 months?

Looks like we are at the resistance levels, so if it holds this can be good buy for GOLD token right now.

I am 100% sure long term gold price will only go up as in last 20 years, not much will change here.
copper member
Activity: 676
Merit: 181
I'll take the liberty of posting this suggestion in the Announcement Thread Wink.

Digital Gold team and for sure manager are monitoring both threads and are aware of our postings but you did good and is better to have all comments in one place. I am sure GOLD token needs cheap possibility to exchange and like this the usage of GOLD token will rise, we will see a lot more transactions. This is obvious that cheap transactions will help with bigger adoption, today this is not possible for small players to join.

(1500 merits achieved  Grin  Shocked Grin)

Dear wwzsocki,

You can be sure that we are tracking all posts in this thread. And we forward all comments and suggestions to the management.

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

Thanks for the answer, a simple solution would definitely be to implant a layer 2 possibility in the background at the official GOLD marketplace. So you could send the GOLD tokens also relatively cheap. For more volume and exchange would also help another central exchange, maybe something like that is in planning?

Dear Buchi-88,

When the team will imlement something in the GOLD token I'll tell you about it right away.

Regards,
Support Team @ Digital Gold
https://gold.storage
legendary
Activity: 4004
Merit: 2702
I'll take the liberty of posting this suggestion in the Announcement Thread Wink.

Digital Gold team and for sure manager are monitoring both threads and are aware of our postings but you did good and is better to have all comments in one place. I am sure GOLD token needs cheap possibility to exchange and like this the usage of GOLD token will rise, we will see a lot more transactions. This is obvious that cheap transactions will help with bigger adoption, today this is not possible for small players to join.

(1500 merits achieved  Grin  Shocked Grin)

Dear wwzsocki,

You can be sure that we are tracking all posts in this thread. And we forward all comments and suggestions to the management.

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

Thanks for the answer, a simple solution would definitely be to implant a layer 2 possibility in the background at the official GOLD marketplace. So you could send the GOLD tokens also relatively cheap. For more volume and exchange would also help another central exchange, maybe something like that is in planning?
copper member
Activity: 676
Merit: 181
I'll take the liberty of posting this suggestion in the Announcement Thread Wink.

Digital Gold team and for sure manager are monitoring both threads and are aware of our postings but you did good and is better to have all comments in one place. I am sure GOLD token needs cheap possibility to exchange and like this the usage of GOLD token will rise, we will see a lot more transactions. This is obvious that cheap transactions will help with bigger adoption, today this is not possible for small players to join.

(1500 merits achieved  Grin  Shocked Grin)

Dear wwzsocki,

You can be sure that we are tracking all posts in this thread. And we forward all comments and suggestions to the management.

Regards,
Support Team @ Digital Gold
https://gold.storage
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
I'll take the liberty of posting this suggestion in the Announcement Thread Wink.

Digital Gold team and for sure manager are monitoring both threads and are aware of our postings but you did good and is better to have all comments in one place. I am sure GOLD token needs cheap possibility to exchange and like this the usage of GOLD token will rise, we will see a lot more transactions. This is obvious that cheap transactions will help with bigger adoption, today this is not possible for small players to join.

(1500 merits achieved  Grin  Shocked Grin)
legendary
Activity: 4004
Merit: 2702
Thanks already received, Have an question if you don't mind too answer. Eth Network was really congested right now and it's charge more than $10/Tx especially for ERC-20 Transfer, are you guys going to migrate to some Alternative network like BSC or Polygon?

Dear dhemasm,

Right now we are not planning to create other GOLD tokens. Will forward that info to the team.

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

Thanks for the reply, I'm also hoping for no new token and certainly not on a shit chain like BCS, but is the team thinking of a layer 2 option/solution in the background? This would also lower the transaction costs again.

I advise to continue this discussion in the ANN thread because actually we are talking there about this right now.

Maybe team will start to consider new chain when there will be enough voices raised.

I think this is the future to cross chain platform, especially for token like GOLD, because will be easily available to buy and sell with low cost and this is the biggest problem now, transaction costs on ETH, BTC are way too high and make smaller investments in GOLD token almost impossible.

I'll take the liberty of posting this suggestion in the Announcement Thread Wink.
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