[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 21.

libert19

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Quote from: wwzsocki on September 11, 2021, 11:30:38 PM

Quote from: GOLD_official on September 03, 2021, 02:40:10 AM

Gas now is a good website to get Gas price at top. At bottom, we can slip the bar behind the table (with Filter for Rapid or Fast) to see which days and hours are good to make transactions in recent days. The table is for your local time.

Still the price is not lower as 40 gwei, I wasn't able to get better rates lately, which makes 30$ transaction, simple one, more advanced swaps cost more..

I think it's due to eip-1559 upgrade, users now pay base fee+tip to be included in next block.

wwzsocki

legendary

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First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on September 03, 2021, 02:40:10 AM

Gas now is a good website to get Gas price at top. At bottom, we can slip the bar behind the table (with Filter for Rapid or Fast) to see which days and hours are good to make transactions in recent days. The table is for your local time.

I keep doing many transactions on ETH lately and I can already see impact of changes that was made lately.

Transaction fee seems to be equal now, there are no big differences between slow and fast as usually. now all 3 are same most of the time, looks like there is one price.

Still the price is not lower as 40 gwei, I wasn't able to get better rates lately, which makes 30$ transaction, simple one, more advanced swaps cost more ofc Wink

This is a lot, especially when you exchange smaller amounts of GOLD tokens.

r_victory

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English<->Pt-BR - Professional Translations(90+)

Quote from: libert19 on September 05, 2021, 10:11:47 PM

Do you plan to launch gold token on l2 side chains (polygon would be nice), the gas fees are pretty insane right now.

I think it's the best thing to do, with the high adoption of NFT and DeFi, fees tend to remain at this level for a long time, which ends up harming small investors and practically making it impossible for them to adhere to the project (GOLD Token). The project is already consolidated in the market, it is a great time to reach new horizons.

libert19

hero member

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Do you plan to launch gold token on l2 side chains (polygon would be nice), the gas fees are pretty insane right now.

GOLD_official

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Quote from: tbct_mt2 on September 03, 2021, 03:56:40 AM

Quote from: GOLD_official on September 03, 2021, 02:40:10 AM

If at some point in time the gas price rockets, just wait a few days for it to decline. As soon as ETH stops grow or fall, fees will normalize.

Gas now is a good website to get Gas price at top. At bottom, we can slip the bar behind the table (with Filter for Rapid or Fast) to see which days and hours are good to make transactions in recent days. The table is for your local time.

Quote from: tbct_mt2 on September 01, 2021, 12:23:44 AM

I think the team can consider to create a token for this company. GOLD token is for physical gold bars that are stored in Bullion Starts Vaults.

The token for the GOLD company can have better volatility than GOLD token and generally the company will get more beneficiary from company token.

How about this idea? A token for your company with which investors will invest into the company, not the physical gold?

Dear tbct_mt2,

Right now the company do not plan to create new tokens.

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

tbct_mt2

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Quote from: GOLD_official on September 03, 2021, 02:40:10 AM

If at some point in time the gas price rockets, just wait a few days for it to decline. As soon as ETH stops grow or fall, fees will normalize.

Gas now is a good website to get Gas price at top. At bottom, we can slip the bar behind the table (with Filter for Rapid or Fast) to see which days and hours are good to make transactions in recent days. The table is for your local time.

Quote from: tbct_mt2 on September 01, 2021, 12:23:44 AM

I think the team can consider to create a token for this company. GOLD token is for physical gold bars that are stored in Bullion Starts Vaults.

The token for the GOLD company can have better volatility than GOLD token and generally the company will get more beneficiary from company token.

How about this idea? A token for your company with which investors will invest into the company, not the physical gold?

GOLD_official

copper member

Activity: 676

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Dear GOLD token users,

If at some point in time the gas price rockets, just wait a few days for it to decline. As soon as ETH stops grow or fall, fees will normalize.

The GOLD token cannot fall significantly during this time. Gold has been growing all the time throughout its history. In theory, extra hold of GOLD token can bring more additional profit than loss.

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

wwzsocki

legendary

Activity: 2744

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First 100% Liquid Stablecoin Backed by Gold

Quote from: tbct_mt2 on September 01, 2021, 12:23:44 AM

...I agree that BSC is a good chain to consider. More important, that chain will not only bring the cheaper transaction fees for users but also will open the gates to DeFi and help to increase total trading volume of GOLD token...

Also fully agree with you that if GOLD token could be launched on BSC then the gates for DeFi integrations are open and I am sure GOLD token could see much more adoption. High fees on ETH and BTC don't help with that because these are the only two cryptocurrencies we can exchange GOLD token to and of course is too expensive, especially for smaller amounts.

masterrex

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The Ethereum London upgrade is not the solution to the gas problem, and the EIP-1559 is useless it makes Ethereum fees more worst because it will not go down due to the base fee+priority system Imagine the old transaction fees was just calculated based on bid and the fees will eventually rise if the Blocks are full and busy, But today even the blocks are not full or even half empty still the gas fees was the same. My $70 worth of Gold tokens will not enough to cover the gas fees.

If there's is no solution to this fee problem It will be good to use other Networks like BSC, Tron, Polygon, etc. that suitable for the Gold token requirements.

tbct_mt2

hero member

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Quote from: wwzsocki on August 31, 2021, 04:52:22 PM

I think that BSC is the chain to look at because GOLD is ERC-20 token, so it should be very easy to do.

And it will be enough to lower the fees and give us the chance to safe on fees when ETH goes crazy.

fingers crossed, hope team can hear us and will add more cryptocurrencies to exchange GOLD token with.

Team said that they will wait for effects to lower transaction fee from ETH upgrade. So far, that upgrade does not work as expected to control cheap transaction fee on ETH network.

Again, I agree that BSC is a good chain to consider. More important, that chain will not only bring the cheaper transaction fees for users but also will open the gates to DeFi and help to increase total trading volume of GOLD token.

If the GOLD marketplace can be connected with big DeFi platforms, that will be a good thing for this community. I am aware of price will be decided by physical gold price.

From this idea, I think the team can consider to create a token for this company. GOLD token is for physical gold bars that are stored in Bullion Starts Vaults.

The token for the GOLD company can have better volatility than GOLD token and generally the company will get more beneficiary from company token.

wwzsocki

legendary

Activity: 2744

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First 100% Liquid Stablecoin Backed by Gold

Quote from: Leviathan.007 on August 30, 2021, 02:05:21 PM

...Hope they accept...

I think that BSC is the chain to look at because GOLD is ERC-20 token, so it should be very easy to do.

And it will be enough to lower the fees and give us the chance to safe on fees when ETH goes crazy.

fingers crossed, hope team can hear us and will add more cryptocurrencies to exchange GOLD token with.

Leviathan.007

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Leading Crypto Sports Betting & Casino Platform

Quote from: GOLD_official on August 30, 2021, 01:39:15 PM

Quote from: Leviathan.007 on August 30, 2021, 10:09:32 AM

Hey dear GOLD_official
I can see the eth fees are increasing again. Maybe it's better to consider another network such as trc20 or bsc. Last time I had to pay more than 70 usd for a simple eth transaction.

Dear Leviathan.007,

Will forward that proposition to the Digital Gold team.

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

Thank you for your super fast answer
Hope they accept
-------------------------------------------------------
After months of bullish gold movements, the new gold investors finally got a chance to buy gold at reasonable prices and hold for the long term. Hope everyone uses this opportunity.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: Leviathan.007 on August 30, 2021, 10:09:32 AM

Hey dear GOLD_official
I can see the eth fees are increasing again. Maybe it's better to consider another network such as trc20 or bsc. Last time I had to pay more than 70 usd for a simple eth transaction.

Dear Leviathan.007,

Will forward that proposition to the Digital Gold team.

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

Leviathan.007

hero member

Activity: 1806

Merit: 722

Leading Crypto Sports Betting & Casino Platform

Hey dear GOLD_official
I can see the eth fees are increasing again. Maybe it's better to consider another network such as trc20 or bsc. Last time I had to pay more than 70 usd for a simple eth transaction.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: CaVO32 on August 10, 2021, 05:12:46 PM

...how many gold holdings do they have now in possession?

BullionStar is the place where Digital Gold team stores securely real gold reserves.

You can check at any time how much real gold Digital Gold team have stored in BullionStar vault.

"Live audit report from BullionStar vault storage - https://www.bullionstar.com/myaccount/audit - BuillonStar Account number: 17081"

this info is also available on: https://gold.storage/en/home

CaVO32

full member

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Quote from: libert19 on August 10, 2021, 05:28:15 AM

'The Bitcoin price recently crashed, while the gold price has been steadily growing...' [From telegram] - it's still at 45k, 4x return in a year. Bette headlines please.

Yes, seems not a right headline considering that we are now up to more than 45k, wherein, a week ago we were only at 38k. Right now, I haven't invested yet in this stablecoin backed by gold. But lately, I've been buying from jewelry gold auctions as it seems good opportunity to store physical gold. In times of crisis, you can easily pawn or sell the jewelry when you badly need money. But great to see that this project is still standing its ground. By the way, how many gold holdings do they have now in possession?

libert19

hero member

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'The Bitcoin price recently crashed, while the gold price has been steadily growing...' [From telegram] - it's still at 45k, 4x return in a year. Bette headlines please.

wwzsocki

legendary

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First 100% Liquid Stablecoin Backed by Gold

Quote from: STT on August 08, 2021, 10:49:39 PM

...I presume most people here believe in economics as a natural dynamic not politically dictated so gold is quite reasonable hedge based

Great analysis, happy to see that is merited already.

I also thought to add some gold to my portfolio and faced all the problems GOLD token solves.

Of course a lot of efforts with buy, where to buy, the price, storage and everything else.

GOLD token is truly the easiest way to invest and appreciate the price changes of real gold.

STT

legendary

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Quote from: wwzsocki on July 25, 2021, 12:47:59 PM

GOLD token was a sleeping giant, now with new contract and all changes in last months, I think he is finally awake and ready to jump into 100CMC where is his place.

Gold relative to top 500 stocks is the cheapest its been since 2005, its probably fair to say its a unpopular asset that can certainly be appreciated far more in future especially in terms of stability vs volatility likely considering all the debt there is in FIAT now. Its unfortunate in one way but the performance of gold and miners themselves is not bad, excessive inflation is apparent everywhere so theres profit in margins it just means valuation forward dated is very cheap which as a buyer I dont mind.

Gold definitely represents the contrarian view at the moment, whatever crypto is doing this is still peak FIAT peak debt, to an extent the world has never seen before. Like a high and low tide its reasonable to expect change to come and not be avoidable by anyone or any body such as the FED. I presume most people here believe in economics as a natural dynamic not politically dictated so gold is quite reasonable hedge based

libert19

hero member

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Quote from: tbct_mt2 on August 04, 2021, 08:00:03 AM

Anyone here got problems with the spike of Gas price on Ethereum network days ago?

How do you mean? We all use same ethereum, if it gets congested, everyone will have to go through it.

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 21. (Read 31836 times)