[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 33.

mindrust

legendary

Activity: 3276

Merit: 2442

What's stopping you from providing physical delivery? Wouldn't it be better for your business?

I get that your gold is audited and there is proof but what if the auditors are scammers also? Not saying they are there will always be that possibility.

Without physical delivery this project looks like a wasted good idea.

Eventually somebody else will figure this out and fill this gap and takeover.

Quote from: GOLD_official on February 11, 2021, 02:19:22 PM

Quote from: mindrust on February 11, 2021, 01:11:50 PM

edit: Question 2,

Why is this company based in St. Vincent and Grenadines? Not the US or some other well developed country?

The company is based in St. Vincent and Grenadines for the same reason that thousands of other companies registered offshore. In theory, we can register in the United States as well, since we do not make any fiat transactions.

You say reasons, I hear "because we don't the law of a developed country."

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: adamvp on February 11, 2021, 10:58:32 AM

I am looking for gold backed/pegged stablecoins: https://bitcointalksearch.org/topic/m.56308770
I'd like to ask few question:
Price of your token seems to be much higher than spot gold price, why?
Thanks in advance for your replies!

The price of the GOLD token is equal to the price of 1 gram of gold. Short-term around 1% price movements are possible with a strong movement in the gold futures price on the futures exchanges.

The physical gold audit can be made online in real-time using the Bullionstar website here https://www.bullionstar.com/myaccount/audit using the account number 17081.

The smart was audited by ChainSecurity - one of the leading and world-famous Swiss company with well-experienced experts that specialize in blockchain security. The statement can be found here https://gold.storage/Statement-of-Security-Audit-for-Gold.Storage.

An audit of the Digital Gold LTD is made for shareholders if the company becomes public and entered to the stock exchange.

Quote from: mindrust on February 11, 2021, 01:11:50 PM

edit: Question 2,

Why is this company based in St. Vincent and Grenadines? Not the US or some other well developed country?

The company is based in St. Vincent and Grenadines for the same reason that thousands of other companies registered offshore. In theory, we can register in the United States as well, since we do not make any fiat transactions.

Dear hosseinimr93,

Thank you for such detailed answers.

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

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: mindrust on February 11, 2021, 01:11:50 PM

Do you provide physical delivery for these gold you claim to have?

They don't.
The tokens are backed by real gold. But you can't get physical gold.

Quote from: mindrust on February 11, 2021, 01:11:50 PM

For example if I have an oz of gold as crypto and wanted to convert these to gold, do you buy my tokens directly from me or do I need to go to an exchange like binance and get crypto/tethers or whatever before I get my real gold?

You can sell the tokens (directly to them) for bitcoin or ethereum using their marketplace.

Quote from: mindrust on February 11, 2021, 01:11:50 PM

Long story short, is there a direct link between your physical gold reserves and the tokens you issue?

Currently there are about 19,200 Gold token in circulation. (Click here to check total number of generated Gold tokens.)
And there are 192 bars of 100 gram stored in BullionStar's vaults.
To verify this, go to BullionStar's Live Audit Report and enter 17081 in "Search BullionStar Account" box.

mindrust

legendary

Activity: 3276

Merit: 2442

I ve written in this thread before but I want to ask something else.

Do you provide physical delivery for these gold you claim to have?

For example if I have an oz of gold as crypto and wanted to convert these to gold, do you buy my tokens directly from me or do I need to go to an exchange like binance and get crypto/tethers or whatever before I get my real gold?

Long story short, is there a direct link between your physical gold reserves and the tokens you issue?

If not, then... well... you know. Not my thing.

edit: Question 2,

Why is this company based in St. Vincent and Grenadines? Not the US or some other well developed country?

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: adamvp on February 11, 2021, 10:58:32 AM

Who audit your company and how often?

Gold tokens are backed by real physical gold stored BullionStar's vaults.
For more information on how to verify the amount of physical gold, click here.

Quote from: adamvp on February 11, 2021, 10:58:32 AM

Will you be added to any major exchange: Binance, Huobi, Kucoin etc?

Currently, there is no plan to add Gold tokens to more exchanges.
Click here to read the post already made by GOLD_official about this.

Quote from: adamvp on February 11, 2021, 10:58:32 AM

Will you be added to official Uniswap token list?

Gold tokens have already been listed in Uniswap.
Click here to trade gold tokens there.

adamvp

hero member

Activity: 1246

Merit: 708

I am looking for gold backed/pegged stablecoins: https://bitcointalksearch.org/topic/m.56308770
I'd like to ask few question:
Who audit your company and how often?
Will you be added to any major exchange: Binance, Huobi, Kucoin etc?
Will you be added to official Uniswap token list?
Price of your token seems to be much higher than spot gold price, why?
Thanks in advance for your replies!

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: ?? on ??

Is there are any good news or interesting plans for the near future? I didn't find raod map for 2021 as in whatepaper tha last dates in 2020

Good to see that newbies still asks newbie questions Wink

Just to answer to this you have to know that not every crypto project needs a roadmap, I have seen many that launched whiteout and never implemented one.

Some minor changes, maybe few new features, more coins in the Marketplace - yes, but roadmap is not needed anymore.

libert19

hero member

Activity: 2520

Merit: 952

Quote from: ?? on ??

Is there are any good news or interesting plans for the near future? I didn't find raod map for 2021 as in whatepaper tha last dates in 2020

This is not one of those projects where outlining roadmap and achieving things helps it in market value, it's value is linked to real gold, tbh there is no need of roadmap.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: ?? on ??

Is there are any good news or interesting plans for the near future? I didn't find raod map for 2021 as in whatepaper tha last dates in 2020

Dear fedanast,

All news and plans you can read on our official telegram channel. https://t.me/digitalgoldcoin

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

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: wwzsocki on February 04, 2021, 02:28:19 PM

Not much Digital Golg team can do with that.

My suggestion as solution to this problem is to add another coin to marketplace with low or even zero fees and blazing fast transactions.

There are plenty of such coins XLM, TRON for example. I don't discuss these projects only their coin and to be honest lately I use only these two if I need to send coins lately.

Withdrawal fees in some exchanges spiked even to 25$ or 35$ for USDT or USDC (Poloniex Grin

), so no fees on Digital Gold Marketplace should be more appreciated, I think Wink

.

Yesterday, when I made a trial to withdrawal with USDT, the fee is $37. Grin

The GOLD team planned to wait for great changes with lower transaction fees from ETH 2.0 and if it goes smoothly, they will not consider other altcoins. From their strategies, I see they want to stick with biggest blockchains to avoid any risks from replay attacks, delist, lawsuits, etc.

Quote from: GOLD_official on January 07, 2021, 11:34:39 AM

Right now we are not planning to add new coins to the marketplace. We should wait when the ETH 2.0 will be implemented. Commissions should be lower than.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: libert19 on February 04, 2021, 01:36:31 AM

...ethereum fees are trash, wish ethereum was better in that regard Angry

Not much Digital Gold team can do with that.

My suggestion as solution to this problem is to add another coin to marketplace with low or even zero fees and blazing fast transactions.

There are plenty of such coins XLM, TRON for example. I don't discuss these projects only their coin and to be honest lately I use only these two if I need to send coins lately.

Withdrawal fees in some exchanges spiked even to 25$ or 35$ for USDT or USDC (Poloniex Grin

), so no fees on Digital Gold Marketplace should be more appreciated, I think Wink

.

libert19

hero member

Activity: 2520

Merit: 952

Quote from: wwzsocki on January 31, 2021, 01:29:23 PM

Quote from: GOLD_official on January 27, 2021, 10:00:33 AM

Quote from: optigon on January 27, 2021, 09:12:09 AM

please inform if there are other exchanges for GOLD tokens besides bitforex?

...use our marketplace to exchange GOLD tokens https://gold.storage/en/market ...

I advise you to use the Digital Gold Marketplace because is a great way to buy, sell and exchange GOLD.

Easy, fast and 0 fees, can we even ask for more?

I am sure you will like The Marketplace as we all here do, please check our earlier posts to see screens from transactions for more info.

Personally I use Marketplace always, exchanged GOLD token on exchange only once because I had to, if I can choose I will always use Digital Gold Marketplace.

They don't take any fees, correct but still ethereum fees are trash, wish ethereum was better in that regard Angry

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on January 27, 2021, 10:00:33 AM

Quote from: optigon on January 27, 2021, 09:12:09 AM

please inform if there are other exchanges for GOLD tokens besides bitforex?

...use our marketplace to exchange GOLD tokens https://gold.storage/en/market ...

I advise you to use the Digital Gold Marketplace because is a great way to buy, sell and exchange GOLD.

Easy, fast and 0 fees, can we even ask for more?

I am sure you will like The Marketplace as we all here do, please check our earlier posts to see screens from transactions for more info.

Personally I use Marketplace always, exchanged GOLD token on exchange only once because I had to, if I can choose I will always use Digital Gold Marketplace.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: optigon on January 27, 2021, 09:12:09 AM

please inform if there are other exchanges for GOLD tokens besides bitforex?

Dear optigon,

You can use our marketplace to exchange GOLD tokens https://gold.storage/en/market . You can use Cryptex exchange https://cryptex.net/trade/GOLDUSD and of course you can use Uniswap https://app.uniswap.org/#/swap?exactField=input&inputCurrency=0x0d16450d347c12c086d6c94c76c5aaac35ea07e0&outputCurrency=0xdac17f958d2ee523a2206206994597c13d831ec7

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

optigon

sr. member

Activity: 340

Merit: 251

please inform if there are other exchanges for GOLD tokens besides bitforex?

sunny28

full member

Activity: 966

Merit: 100

Quote from: ?? on ??

So how does this project develops? I don't see many news here and also twitter account is not working right now. Would be nice to know more about how things are going for this project

All can be found on the official website of the project.

There is a separate branch of news, innovations on the site, constantly increasing the reserve of real gold.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on January 25, 2021, 08:53:24 AM

The most fresh news is published in official telegram channel. https://t.me/digitalgoldcoin subscribe and follow it.

Telegram is great and I love it but still much more people uses Twitter. It would be great to have Digital Gold official Twitter account up and running.

Of course this is just a friendly advise maybe there are some reasons that Digital Gold team don't want to have one.

Scam can be one of these reasons and additional costs to avoid it, there is so much scam on Twitter for sure somebody is needed to take care about such account.

Advertising is the still the key in crypto, so why not to use are the "free" tools we have?

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: Buchi-88 on January 25, 2021, 07:26:25 AM

Today I looked for GOLD on Coinpaprika, unfortunately I did not find a listing on Coinpaprika?

IT's possible for the team to fill out the request at Coinpaprika?

https://coinpaprika.com/add/

THX

Dear Buchi-88,

It is the first time when we see that website. We will ask the team to add a GOLD token on that platform.

Quote from: ?? on ??

So how does this project develops? I don't see many news here and also twitter account is not working right now. Would be nice to know more about how things are going for this project

Dear azrandys,

The most fresh news is published in official telegram channel. https://t.me/digitalgoldcoin subscribe and follow it.

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

Buchi-88

legendary

Activity: 4004

Merit: 2702

Today I looked for GOLD on Coinpaprika, unfortunately I did not find a listing on Coinpaprika?

IT's possible for the team to fill out the request at Coinpaprika?

https://coinpaprika.com/add/

THX

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: [email protected] on January 24, 2021, 05:29:10 AM

Quote from: GOLD_official on January 24, 2021, 01:34:09 AM

Dear [email protected],

There are no fees for the exchange on our marketplace. The transaction will go right after the system will confirm receiving your payment.

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

Thank you so much for the information.
This is quite good in the development of projects going forward, is there a plan to create your own blockchain?

Dear [email protected],

We do not need that now. Ethereum blockchain is good to work with. This network is developing in a good way and is constantly acquiring new services.

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

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