[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 30.

Dowox

member

Activity: 322

Merit: 14

Quote from: GOLD_official on March 18, 2021, 02:54:48 AM

Quote from: Dowox on March 17, 2021, 12:10:59 PM

Quote from: GOLD_official on March 06, 2021, 03:49:43 AM

Quote from: Dowox on March 06, 2021, 02:28:35 AM

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission. Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,
Thank you for your comments.
Investors have some ways to store gold.
- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.
The choice is yours.
Regards,
Support Team @ Digital Gold
https://gold.storage

Sorry, maybe I was a bit impulsive, what you say is obvious but here is one thing. I want you to understand it. When I invest in physical gold (buy 100 grams for instance) and put it into real bank vault (no doubt I’ll pay commission for holding my physical gold in safe) when I'll came back in a year, two years, ten years or more, I’ll take back 100 grams of physical gold and no gram less.
However all investors that invest in your Gold, firstly, never saw that physical gold (so this project is totally based on credibility). Secondly, every 10 days they observe how their Gold vanishes. Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

Dear Dowox,
One more thanks for such posts.
You are completely correct. Storing physical gold in a safe deposit box is a good option.
However, from the point of investments buying 100 grams of gold does not make any sense. The spread will be around 10%. It will be equal to the GOLD token fee for the next 10 years.
More is that the rent of a small deposit box will cost you 30-50 euro a month. If you come back 10 years later you may not receive even 1 gram of gold back. All of its costs will go to pay for the rent.
Therefore, it is optimal to buy and store at least 1 kilogram of physical gold. Today it is about $ 55,000.
Investors don't really see the gold stored in the BullionStar vault. But it is the same that investors do not see gold when buying ETFs and they can't exchange it for physical gold.
Therefore, every investor who buys paper, physical or digital gold makes a decision based on many different conditions and desires.
Regards,
Support Team @ Digital Gold
https://gold.storage

Mr.Gold, I’ve just meant that investors pay holding commissions to the bank by fiat money so the general amount of their physical gold doesn’t reduce. For a while I thought that you also can take holding commission in some other crypto. To my mind it would be right but that will complicate your system. Nevertheless thank you for an interesting discussion.

StartupAnalyst

sr. member

Activity: 728

Merit: 317

Crypto Casino & Sportsbook

Quote from: libert19 on March 17, 2021, 10:12:33 PM

Quote from: Dowox on March 17, 2021, 12:10:59 PM

Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

There is nothing they can do and neither it is purpose of the token.

Yes, Gold token purpose is diferent. It enables users anonimously to sell, buy and hold physical gold via ERC-20 Gold token. That is by itself a very attractive function.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: Dowox on March 17, 2021, 12:10:59 PM

Quote from: GOLD_official on March 06, 2021, 03:49:43 AM

Quote from: Dowox on March 06, 2021, 02:28:35 AM

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission. Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,
Thank you for your comments.
Investors have some ways to store gold.
- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.
The choice is yours.
Regards,
Support Team @ Digital Gold
https://gold.storage

Sorry, maybe I was a bit impulsive, what you say is obvious but here is one thing. I want you to understand it. When I invest in physical gold (buy 100 grams for instance) and put it into real bank vault (no doubt I’ll pay commission for holding my physical gold in safe) when I'll came back in a year, two years, ten years or more, I’ll take back 100 grams of physical gold and no gram less.
However all investors that invest in your Gold, firstly, never saw that physical gold (so this project is totally based on credibility). Secondly, every 10 days they observe how their Gold vanishes. Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

Dear Dowox,

One more thanks for such posts.

You are completely correct. Storing physical gold in a safe deposit box is a good option.

However, from the point of investments buying 100 grams of gold does not make any sense. The spread will be around 10%. It will be equal to the GOLD token fee for the next 10 years.

More is that the rent of a small deposit box will cost you 30-50 euro a month. If you come back 10 years later you may not receive even 1 gram of gold back. All of its costs will go to pay for the rent.

Therefore, it is optimal to buy and store at least 1 kilogram of physical gold. Today it is about $ 55,000.

Investors don't really see the gold stored in the BullionStar vault. But it is the same that investors do not see gold when buying ETFs and they can't exchange it for physical gold.

Therefore, every investor who buys paper, physical or digital gold makes a decision based on many different conditions and desires.

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

libert19

hero member

Activity: 2520

Merit: 952

Quote from: Dowox on March 17, 2021, 12:10:59 PM

Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

There is nothing they can do and neither it is purpose of the token.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Ethereum: how to save even more on gas price with a weekly plan
When is the best time to send Ethereum transactions?

GOLD token is a ERC-20 one so it is necessary to schedule transactions to save fees. Two articles on Medium are very informative for your transaction schedule.

In addition, the Gas Now website is great to support for your practice from statistics you get from 2 articles.
https://www.gasnow.org/
The default table is informative but you can get more if you scroll the bar (to left or right side), you will get how regularly transactions with your interesting gas price were confirmed within last weeks and in which hours.

Dowox

member

Activity: 322

Merit: 14

Quote from: GOLD_official on March 06, 2021, 03:49:43 AM

Quote from: Dowox on March 06, 2021, 02:28:35 AM

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission. Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,
Thank you for your comments.
Investors have some ways to store gold.
- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.
The choice is yours.
Regards,
Support Team @ Digital Gold
https://gold.storage

Sorry, maybe I was a bit impulsive, what you say is obvious but here is one thing. I want you to understand it. When I invest in physical gold (buy 100 grams for instance) and put it into real bank vault (no doubt I’ll pay commission for holding my physical gold in safe) when I'll came back in a year, two years, ten years or more, I’ll take back 100 grams of physical gold and no gram less.
However all investors that invest in your Gold, firstly, never saw that physical gold (so this project is totally based on credibility). Secondly, every 10 days they observe how their Gold vanishes. Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: tbct_mt2 on March 16, 2021, 03:32:25 AM

It is my heads up for people who make their very first ERC-20 transactions or the Gold marketplace trades.

Sometimes, your transactions will be stucked if you use low gas price and the Ethereum network suddenly becomes more full. You will need to cancel your transactions or replace them.

[GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

Remember that when you use the Gold marketplace, you will have to send your Gold tokens to the ETH address that is given by the Gold marketplace. That address is not the address you will receive your tokens. In other words, you can not move your GOLD ERC-20 tokens from your wallet to your ETH address in your trading exchange. Send them to address on GOLD marketplace, and the marketplace will send ETH or BTC to your exchange address.

If you make that mistake and luckily enough if you use low fee, your transaction is still Pending, you can cancel it. When you cancel your wrong transaction, choose high Gas price as you need to cancel as fastest as possible.

Exchanges don't give you support to claim your GOLD ERC-20 tokens that were sent to your ETH address by your mistakes.

Dear tbct_mt2,

Thank you for such good guide. This information will be helpful for all GOLD token users.

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

tbct_mt2

hero member

Activity: 2366

Merit: 838

It is my heads up for people who make their very first ERC-20 transactions or the Gold marketplace trades.

Sometimes, your transactions will be stucked if you use low gas price and the Ethereum network suddenly becomes more full. You will need to cancel your transactions or replace them.

[GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

Remember that when you use the Gold marketplace, you will have to send your Gold tokens to the ETH address that is given by the Gold marketplace. That address is not the address you will receive your tokens. In other words, you can not move your GOLD ERC-20 tokens from your wallet to your ETH address in your trading exchange. Send them to address on GOLD marketplace, and the marketplace will send ETH or BTC to your exchange address.

If you make that mistake and luckily enough if you use low fee, your transaction is still Pending, you can cancel it. When you cancel your wrong transaction, choose high Gas price as you need to cancel as fastest as possible.

Exchanges don't give you support to claim your GOLD ERC-20 tokens that were sent to your ETH address by your mistakes.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on March 05, 2021, 03:02:15 AM

...We take a fee every 10 days and the minimum amount is 0.001 GOLD. If you hold a big amount it will be a 0.99% annual fee. I counted now if you hold 3.68 GOLD or more, you will be taken 0.99% annual fee...

Confirmed, I have just seen a transaction was deducted from my wallet and in the last days there was no daily payments as before.

Such a simple change and makes such a big difference, good work team.

Leviathan.007

hero member

Activity: 1764

Merit: 722

Leading Crypto Sports Betting & Casino Platform

Quote from: Dowox on March 06, 2021, 02:28:35 AM

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission. Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

The team didn't do any ICO to earn some money and get some more investors for the project. Also, they receive nothing as transaction fee. They are literally using their own money for the project. It's completely normal to take some share as commission for them to help the project. However, the commission is much lower to be discussed. Comparing the risks you take while holding physical gold, the commission is not high at all.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: Dowox on March 06, 2021, 02:28:35 AM

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission. Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,

Thank you for your comments.

Investors have some ways to store gold.

- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.

The choice is yours.

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

Dowox

member

Activity: 322

Merit: 14

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission. Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: wwzsocki on March 04, 2021, 04:22:38 PM

Quote from: GOLD_official on March 02, 2021, 04:53:20 AM

...fee will be taken every 10 days and the problem for almost all wallets with a small GOLD balance has been solved...

Just want to confirm this announcement.

Is this already implemented? What is the maximum of GOLD tokens we can hold in the wallet to be eligible for the smaller fee?

PS
Of course, I like this idea very much and big applause for that implantation to the Digital Gold team.

Dear wwzsocki,

Yes, it is already implemented. We take a fee every 10 days and the minimum amount is 0.001 GOLD. If you hold a big amount it will be a 0.99% annual fee. I counted now if you hold 3.68 GOLD or more, you will be taken 0.99% annual fee.

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

libert19

hero member

Activity: 2520

Merit: 952

Quote from: wwzsocki on March 04, 2021, 04:22:38 PM

Quote from: GOLD_official on March 02, 2021, 04:53:20 AM

...fee will be taken every 10 days and the problem for almost all wallets with a small GOLD balance has been solved...

Is this already implemented?

Looking at my address, yes. This was implemented around 17 days ago.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on March 02, 2021, 04:53:20 AM

...fee will be taken every 10 days and the problem for almost all wallets with a small GOLD balance has been solved...

Just want to confirm this announcement.

Is this already implemented? What is the maximum of GOLD tokens we can hold in the wallet to be eligible for the smaller fee?

PS
Of course, I like this idea very much and big applause for that implantation to the Digital Gold team.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: tbct_mt2 on March 02, 2021, 09:18:52 PM

I look around the website today and found that the figure in features page is not accurate. The team can check and correct the typo if it is truly a typo. Other pages show the annual storage fee is about 1% (0.99%) as you pointed out but in the features page, it is given at 9.95%.

Dear tbct_mt2,

Thank you for that information. It was a mistake of website developers. I will forward it to the team and they will edit that.

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

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: GOLD_official on March 02, 2021, 04:53:20 AM

The 0.99% annual fee is charged for the storage of the gold. The same fees are charged for different ETFs and paper gold on the stock exchanges. If a small number of GOLD tokens are stored on the wallet, the storage fee could be higher, because of the minimum size of the fee - 0.001 GOLD. Now, this fee will be taken every 10 days and the problem for almost all wallets with a small GOLD balance has been solved.

I look around the website today and found that the figure in features page is not accurate. The team can check and correct the typo if it is truly a typo. Other pages show the annual storage fee is about 1% (0.99%) as you pointed out but in the features page, it is given at 9.95%.

https://gold.storage/en/solutions

Quote

A DIGITAL ASSET FOR CONVENIENT STORAGE AND SECURE TRANSACTIONS THAT YOU CAN RELY ON.

GOLD token is an ERC-20 standard Ethereum token with a smart contract, which charges 1% annual fee for storage of GOLD tokens. The tokens can be transferred to any Ethereum address and be used for everyday transactions.

All GOLD transactions are free of charge. GOLD can be easily bought and sold through our official website and cryptocurrency exchanges.

https://gold.storage/en/features

Quote

GOLD token is a cost-effective way to take advantage of all benefits listed above!
9.95% Annual Storage Fee
0% Transfer Fee

Fee schedule
https://gold.storage/en/fee

Quote

GOLD is a new type of stablecoin designed for crypto market professionals and precious metals investors looking for privacy.

Unlike cryptocurrencies pegged to US Dollar, Euro or other FIAT-currencies, your GOLD tokens cannot be expropriated or frozen while physical gold is held in a secure vault in a jurisdiction with strong property rights.. No hidden fees, free transactions between users and the lowest annual storage fee of 0.99% (0.0027% per day). Yearly storage fee is automatically charged from token holder's wallet by GOLD secure and audited smart-contract, based on Ethereum network, on daily basis.

The price of purchase or sale of GOLD token at our website may differ from market price of gold depending on market conditions.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: aTriz on March 02, 2021, 02:30:59 AM

Hi. I have participated in GOLD Signature campaign and got paid. I really want to be a HODLER.
but why my GOLD tokens are automatically slowly being taken away?

see the wallet below and all the token Transactions in Screenshot. everyday I am loosing a small amount of GOLD tokens. I have no idea how is this happening and how is responsible for this. I am pretty sure my wallet is not hacked. it is pretty much being done through a smart contract.

https://etherscan.io/address/0xed0d7294a767D0EbfF0cC46f365193f2C80D2D49#tokentxns

what is this? can I get an answer? who is stealing my tokens? will I loose all my GOLD tokens slowly like that?

so far 0.039 GOLD tokens taken away from my wallet by this shady smart contract.

Dear aTriz,

The 0.99% annual fee is charged for the storage of the gold. The same fees are charged for different ETFs and paper gold on the stock exchanges. If a small number of GOLD tokens are stored on the wallet, the storage fee could be higher, because of the minimum size of the fee - 0.001 GOLD. Now, this fee will be taken every 10 days and the problem for almost all wallets with a small GOLD balance has been solved.

Quote from: libert19 on March 02, 2021, 01:51:44 AM

Quote from: GOLD_official on March 02, 2021, 01:40:53 AM

Quote from: libert19 on March 02, 2021, 12:39:16 AM

are there no longer 'daily fee' transactions? I had last one 4 days ago and next to it, 14 days ago.

Dear libert19,

Yes. We changed the way of taking fees. Now it will be one transaction in 10 days.

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

One more question, aren't smart contracts immutable, how duration was changed?

Dear libert19,

When the contract was created we added the possibility to change the commission withdrawal interval. It was made in advance. 2 years ago nobody can even imagine what the ERC-20 network fees will be so high.

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

aTriz

hero member

Activity: 1232

Merit: 683

Tontogether | Save Smart & Win Big

Hi. I have participated in GOLD Signature campaign and got paid. I really want to be a HODLER.
but why my GOLD tokens are automatically slowly being taken away?

see the wallet below and all the token Transactions in Screenshot. everyday I am loosing a small amount of GOLD tokens. I have no idea how is this happening and how is responsible for this. I am pretty sure my wallet is not hacked. it is pretty much being done through a smart contract.

https://etherscan.io/address/0xed0d7294a767D0EbfF0cC46f365193f2C80D2D49#tokentxns

what is this? can I get an answer? who is stealing my tokens? will I loose all my GOLD tokens slowly like that?

so far 0.039 GOLD tokens taken away from my wallet by this shady smart contract.

libert19

hero member

Activity: 2520

Merit: 952

Quote from: GOLD_official on March 02, 2021, 01:40:53 AM

Quote from: libert19 on March 02, 2021, 12:39:16 AM

are there no longer 'daily fee' transactions? I had last one 4 days ago and next to it, 14 days ago.

Dear libert19,

Yes. We changed the way of taking fees. Now it will be one transaction in 10 days.

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

One more question, aren't smart contracts immutable, how duration was changed?

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 30. (Read 31522 times)