[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 46.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: GOLD_official on July 23, 2020, 03:56:00 AM

Quote from: tippytoes on July 22, 2020, 06:24:48 PM

Quote from: Bthd on July 22, 2020, 05:02:32 PM

I sold my GOLD's today at https://gold.storage/en/market. Everything went smooth. All transactions only takes 3 minutes (includes 2x 12 confirmations on ethereum blockchain). Gold market is enaugh for buying/selling GOLD, so we dont need exchanges. Thank you @GOLD_official.

--

I believe this is one of the gold-backed projects that is pretty doing well in terms of development and maintaining its market value. Even though they have their own exchange, they manage to sustain its value according to the gold market. But how are they generating income here? If they have their gold holdings along with their tokens, how are they maintaining their operations?

Dear tippytoes,

The company's profit consists of two ways
1. The 1% annual fee from the GOLD token holders

2. Floating spread between GOLD token buy and sell prices in our marketplace.

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

Thanks for answering my question. I do agree that you will generate income from the floating spread alone just like any other crypto exchanges. This strategy is very common upon using your local crypto exchange, the bitcoin price is way below than the global market price so that's how these local crypto exchanges can easily gain profit. However, in your case, I think it's not that much of a spread because we are talking the price of gold. But in any case, I'm glad that you sustain your operations and one of the solid gold-backed projects here.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: Bthd on July 22, 2020, 05:02:32 PM

Gold market is enaugh for buying/selling GOLD, so we dont need exchanges.

Some people prefer using an ordinary exchange set up where one is able to place a bid at $50 in the orderbook and then once the order is filled, they can then place an ask for lets say $55 for profit. This is not possible with an instant exchange such as gold.storage Marketplace.

I however commend the availability of the market place. it enables instant and hassle free exchange of assets. I think both options are necessary for different types of traders.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: tippytoes on July 22, 2020, 06:24:48 PM

Quote from: Bthd on July 22, 2020, 05:02:32 PM

I sold my GOLD's today at https://gold.storage/en/market. Everything went smooth. All transactions only takes 3 minutes (includes 2x 12 confirmations on ethereum blockchain). Gold market is enaugh for buying/selling GOLD, so we dont need exchanges. Thank you @GOLD_official.

--

I believe this is one of the gold-backed projects that is pretty doing well in terms of development and maintaining its market value. Even though they have their own exchange, they manage to sustain its value according to the gold market. But how are they generating income here? If they have their gold holdings along with their tokens, how are they maintaining their operations?

Dear tippytoes,

The company's profit consists of two ways
1. The 1% annual fee from the GOLD token holders

2. Floating spread between GOLD token buy and sell prices in our marketplace.

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

CryptopreneurBrainboss

legendary

Activity: 2450

Merit: 4295

eXch.cx - Automatic crypto Swap Exchange.

Quote from: Bthd on July 22, 2020, 05:02:32 PM

I sold my GOLD's today at https://gold.storage/en/market. Everything went smooth. All transactions only takes 3 minutes (includes 2x 12 confirmations on ethereum blockchain). Gold market is enaugh for buying/selling GOLD, so we dont need exchanges. Thank you @GOLD_official.

Love when I see feedbacks like this as right from the onset I have always had a feeling this project will make an impact in the crypto space most especially the stablecoin industry as most out their are just piece of shit without any real backing like the real world fiat only valuable because the government's says so.

Just wanted to correct you on your "the Goldstablecoin community don't need exchange" view. There are more to an exchange then just the buying and selling of assets. It also provide exposure, promoting and liquidity to a large number of audiences. Sure a project can be superb but without good marketing the project is likely to die off as shit projects with excellent marketing is likely to overshadow the excellent ones. Nevertheless, GoldSC is doing quite great and I'm very optimistic in the nearest future more great news and exchange listing will be announced.

PS: Congratulations @GOLD_official on ranking up, although it won't make much difference wearing your signature since all your contributions are on your thread that already has your ads still it'll be a fun experience and you can use the opportunity to contribute to other thread on the forum as well promote your project. Congratulations once again.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: Bthd on July 22, 2020, 05:02:32 PM

I sold my GOLD's today at https://gold.storage/en/market. Everything went smooth. All transactions only takes 3 minutes (includes 2x 12 confirmations on ethereum blockchain). Gold market is enaugh for buying/selling GOLD, so we dont need exchanges. Thank you @GOLD_official.

--

I believe this is one of the gold-backed projects that is pretty doing well in terms of development and maintaining its market value. Even though they have their own exchange, they manage to sustain its value according to the gold market. But how are they generating income here? If they have their gold holdings along with their tokens, how are they maintaining their operations?

Bthd

legendary

Activity: 2352

Merit: 2592

Chancellor on Brink of Second Bailout for Banks

I sold my GOLD's today at https://gold.storage/en/market. Everything went smooth. All transactions only takes 3 minutes (includes 2x 12 confirmations on ethereum blockchain). Gold market is enaugh for buying/selling GOLD, so we dont need exchanges. Thank you @GOLD_official.

Proofs:

https://etherscan.io/tx/0x5c409cc011a0721ed462e24f5292fca0de9f87218caca06482f6b75f2d429462

https://etherscan.io/tx/0x41f2175e025632ed488f11801fefe4ea649f7f98c24883ab8c0666827bdaf5ab

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on July 21, 2020, 02:12:37 AM

...Thank you all for your congratulations!

it remains to choose the official avatar now

I am little late, but also my

congratulations

for ranking up @GOLD_official!!!

PS
Why I still don't see your official avatar? Don't know which one to choose Huh

hulla

hero member

Activity: 1834

Merit: 566

Quote from: GOLD_official on July 21, 2020, 02:12:37 AM

Quote from: NeuroticFish on July 20, 2020, 04:37:20 PM

Congratulations @GOLD_official for ranking up!

Thank you all for your congratulations!

it remains to choose the official avatar now

Congratulations 🎉

I read the interview with Gold advisor (Dr. Walter Tonetto) and it was awesome. However, it good to know that central bank digital currency will be a great opportunity for genuine stablecoins especially the precious metal backed projects.

With that been said, i can see that Gold stablecoin is doing well in the market today with +2.71% despite the -1.17% change yesterday.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: NeuroticFish on July 20, 2020, 04:37:20 PM

Congratulations @GOLD_official for ranking up!

Thank you all for your congratulations!

it remains to choose the official avatar now

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: webtricks on July 20, 2020, 10:45:48 AM

Placing custom orders are fine for other cryptocurrencies but the price of GOLD token moves with the market price of gold. Hence, buy/sell spread doesn't matter much in the case of GOLD. People should view GOLD token as a source of secure investment (long term) in gold or secure payment in gold instead of trading (day/short term). Even though team provide liquidity on other exchanges, Gold.Storage own marketplace is perfect place to buy/sell GOLD token for me.

GOLD tokens are a stable one and you are right that GOLD token should be used for long term investment. This token is more convenient for users compare to the physical gold. You can bring your GOLD tokens to everywhere, and very light, no pressure on weight storage physiscally. With seeds, private keys, etc. investors can retrieve access to their GOLD tokens in a blink of eyes. Fast and convenient.

Quote from: NeuroticFish on July 20, 2020, 04:37:20 PM

Congratulations @GOLD_official for ranking up!

Congratulations to GOLD_official.

My request weeks ago is finished with all your supports and generosity to send your merit out.

Quote from: tbct_mt2 on June 21, 2020, 07:36:46 AM

I know it is an off-topic part but I am surprising to see very little GOLD's signature campaign participants give GOLD_official merits as their thanks to the GOLD's developer.

I saw participants of Best_Change campaign gave their thanks to that manager and helped him to rank up.

What do you think, guys?

Quote from: GOLD_official on July 21, 2020, 02:12:37 AM

it remains to choose the official avatar now

Is it time to design a new avatar for the participant gang?

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Congratulations @GOLD_official for ranking up!

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: Bitcoin_Arena on July 17, 2020, 06:09:04 PM

I think some people prefer using the traditional exchanges where they can place buy and sell orders at a certain price. Something that is not possible with the Gold.storage marketplace. I guess the only exchange with a bigger trading volume at the moment is bitfforex

Placing custom orders are fine for other cryptocurrencies but the price of GOLD token moves with the market price of gold. Hence, buy/sell spread doesn't matter much in the case of GOLD. People should view GOLD token as a source of secure investment (long term) in gold or secure payment in gold instead of trading (day/short term). Even though team provide liquidity on other exchanges, Gold.Storage own marketplace is perfect place to buy/sell GOLD token for me.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: GOLD_official on July 16, 2020, 01:12:35 AM

We made listing on the Livecoin exchange about 10 months ago. However, later on BTT were some warnings about this exchange. We do not currently have a direct relationship with it. If you are not allowed to withdraw the GOLD token from it, please write me PM with details. After that, we will try to help you with withdrawal.

Very professional support and it is another merit for you and you will soon be able to wear a GOLD avatar. Congratz in advanced!

Quote from: hulla on July 17, 2020, 06:13:52 PM

This shows how reliable the Gold team is cause ever since i have joined crypto investment no project team has treated their coin/token holder or investors this way but it will be better if the team could exclude the exchange on there while they also list all the exchange site where Gold token can be traded on their ANN thread to avoid more issue like this in future.

I agree. After this case is resolved completely, the GOLD team should make a re-announcement or re-reminder about the partnership between Livecoin exchange and GOLD token to avoid any incovenience for customers and losses maybe. Some people are off for a long period and don't update newest changes on the GOLD platform and its partnerships.

Quote

We cant all have the same likeness but i have tried the traditional exchange using Gold token and with my calculations the Gold token marketplace price is still better than traditional exchange price after the trading deduction and tx fee.

The point is people tend to prefer to use exchanges with more available trading pairs and more cryptocurrency listed and supported. They can quickly switch from one to another, more convenient for their investment and trading activities.

GOLD marketplace is smooth and great, definitely.

hulla

hero member

Activity: 1834

Merit: 566

Quote from: GOLD_official on July 16, 2020, 01:12:35 AM

Quote from: eXtremal on July 15, 2020, 01:10:49 PM

Quote from: Buchi-88 on July 15, 2020, 08:53:02 AM

The GOLD withdraw function at Livecoin is disabled, anyone knows when Livecoin fix the withdraw?

Thx

And let's look at the trading volume, let's just wait for the full official announcement of the GOLD project, we hope it won't last long, hopefully everything will still be okay

Quote from: Buchi-88 on July 15, 2020, 08:53:02 AM

The GOLD withdraw function at Livecoin is disabled, anyone knows when Livecoin fix the withdraw?

Thx

Dear Buchi-88,

We made listing on the Livecoin exchange about 10 months ago. However, later on BTT were some warnings about this exchange. We do not currently have a direct relationship with it. If you are not allowed to withdraw the GOLD token from it, please write me PM with details. After that, we will try to help you with withdrawal.

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

This shows how reliable the Gold team is cause ever since i have joined crypto investment no project team has treated their coin/token holder or investors this way but it will be better if the team could exclude the exchange on there while they also list all the exchange site where Gold token can be traded on their ANN thread to avoid more issue like this in future.

Quote from: Bitcoin_Arena on July 17, 2020, 06:09:04 PM

Quote from: nimogsm on July 15, 2020, 09:48:40 AM

On the exchange the daily volume is zero. Most likely this is the end, if you have tokens left there,write in support,it will be more reliable.

I think some people prefer using the traditional exchanges where they can place buy and sell orders at a certain price. Something that is not possible with the Gold.storage marketplace. I guess the only exchange with a bigger trading volume at the moment is bitfforex

We cant all have the same likeness but i have tried the traditional exchange using Gold token and with my calculations the Gold token marketplace price is still better than traditional exchange price after the trading deduction and tx fee.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: nimogsm on July 15, 2020, 09:48:40 AM

On the exchange the daily volume is zero. Most likely this is the end, if you have tokens left there,write in support,it will be more reliable.

I think some people prefer using the traditional exchanges where they can place buy and sell orders at a certain price. Something that is not possible with the Gold.storage marketplace. I guess the only exchange with a bigger trading volume at the moment is bitfforex

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Quote from: GOLD_official on July 16, 2020, 01:12:35 AM

-snip-
We made listing on the Livecoin exchange about 10 months ago. However, later on BTT were some warnings about this exchange. -snip-

If the Livecoin exchange is no longer used and there is no volume in it, I would rather recommend the DIGITAL GOLD TOKEN be removed from livecoin.
I know about Problems with Livecoin, about fraud alerts.
https://bitcointalksearch.org/topic/livecoinnet-scam-5159692

and the banner supporting cryptocurrency exchanges also needs to be changed, deleting livecoin will be better in my opinion.

Quote from: libert19 on July 16, 2020, 11:30:36 PM

That is a problem with cexes, better use Gold's own marketplace.

yes, the Digital Gold’s official marketplace is better than all the GOLD Exchange lists.
Easier, faster and cheaper. Very efficient, beginners can also use it easily.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on July 16, 2020, 01:12:35 AM

Quote from: Buchi-88 on July 15, 2020, 08:53:02 AM

The GOLD withdraw function at Livecoin is disabled, anyone knows when Livecoin fix the withdraw?

...write me PM with details. After that, we will try to help you with withdrawal...

I would like to see an update about this because it could be valuable information for the community if there are any problems with this exchange.

Of course, I hope that @Buchi-88 will get his GOLD tokens back from Livecoin, maybe the Digital Gold team would be able to do something.

Quote from: libert19 on July 16, 2020, 11:30:36 PM

...better use Gold's own marketplace.

This is so true, I agree with you fully.

I needed some ETH today and also thought to use an exchange, but the marketplace for the GOLD token is just such a convenient, fast and easy way to do this, so I just stick to it.

https://gold.storage/en/market

As always, exchange on the Digital Gold Marketplace was smooth, fast and secure, once again caught on screen Wink

.

libert19

hero member

Activity: 2520

Merit: 952

That is a problem with cexes, better use Gold's own marketplace.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: eXtremal on July 15, 2020, 01:10:49 PM

Quote from: Buchi-88 on July 15, 2020, 08:53:02 AM

The GOLD withdraw function at Livecoin is disabled, anyone knows when Livecoin fix the withdraw?

Thx

And let's look at the trading volume, let's just wait for the full official announcement of the GOLD project, we hope it won't last long, hopefully everything will still be okay

Quote from: Buchi-88 on July 15, 2020, 08:53:02 AM

The GOLD withdraw function at Livecoin is disabled, anyone knows when Livecoin fix the withdraw?

Thx

Dear Buchi-88,

We made listing on the Livecoin exchange about 10 months ago. However, later on BTT were some warnings about this exchange. We do not currently have a direct relationship with it. If you are not allowed to withdraw the GOLD token from it, please write me PM with details. After that, we will try to help you with withdrawal.

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

eXtremal

sr. member

Activity: 2106

Merit: 282

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: Buchi-88 on July 15, 2020, 08:53:02 AM

The GOLD withdraw function at Livecoin is disabled, anyone knows when Livecoin fix the withdraw?

Thx

And let's look at the trading volume, let's just wait for the full official announcement of the GOLD project, we hope it won't last long, hopefully everything will still be okay

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 46. (Read 31633 times)