Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 66. (Read 31865 times)

Tether is only partially backed by USD, and by the other fiats. The shady issue of USDT has repeatedly caused massacres for crypto market over its history. I won't go to be surprised if someday bad news relate with USDT return and help whales to manipulate price movements of the market.

I don't consider good or bad projects are the only thing that decide I trade with such assets. When there are good entry points (with dumps and I can see the safe points to enter) I will join even projects are not too good for long term growth. For good projects, it is not always good to enter at any price and any period, buy and exit to take profits are strongly correlated with market conditions, and traders have to take care of their funds and their entry price. The good news for good projects is in the long run, investors or traders won't get losses only if they don't buy at all time highs and don't sell at bottoms (panic or lose their patience).

I think that you are wrong. USDT is not backed, not for real. They failed to provide proper, reliable 3rd party audit for the funds.
And I think that Tether issuing gold-backed coin is just another marketing gimmick to fool investor wannabes and they will, again, not back it with anything, just pull numbers out of the hat.

Imagine that this Tether (USDT) ball is still rolling, only because Bitfinex is not closed yet, they keep printing Tether from the thin air and now expand even more with the tokenized gold product. If there will be such a black time on the market and many will exchange their USDT to USD (or any other currency) and withdraw to bank accounts, believe me, this will be the day when Tether collapse because there is not enough "pegged" money in the bank to afford such massive withdrawals. So simple is that.

There was lately a special event created, so-called "check the exchanges day" (and of course coins like Tether), how they really stand out and people were asked to withdraw for one or a couple of days all the money and coins from exchanges and services as Defi or any others. Of course, it was a total fiasco and almost nobody heard about it, only a few people.

Now let's try to guess why media and crypto influencers haven't advertised such a great event?
Because such day will end up the crypto market once for all and all crypto prices will fall to zero in no time, believe me. That is why nobody mentioned it.

I think that this is good for overall advertising for tokenized gold that Tether step into this market but all the rest makes me even more nervous.
Tether is a real threat to the entire crypto market.

You might be right but Tether issuing Gold back stable coin was not because of the high demand of precious metals back stable coin but Tether understanding that they failed to provide crypto users and investors by backing their crypto with fiat which was the reason Satoshi created bitcoin as an alternative solution to inflation.

The recent intiatives from Tether shows us that there are good demands on tokens that are stably backed by stable assets, Tether, Gold, whatsover. This news from Tether and the acceptance from community are good for Gold tokens (no matter they are launched by which companies).
I can not disagree with you. Let's see to other crypto currencies, which ones have taken over Bitcoin? Not yet. Which ones have taken over Ethereum (as the first tokenized platforms for many projects)? Not yet. It will likely be the same for Digital Gold, the first successful project in this area. Tether might have sucessfulness with their project but to say their one will take over our Digital Gold, I don't believe it will happen.

The Trade volume indicated is the 24 hour total trading volume therefore expect some fluctuations. Perhaps the value was different at the time @taufik123 checked compared to the time you checked.

I am sure they will slowly enter a large market, if the gold project has strong support and attractiveness and has a quality platform, I think it is not too difficult to enter the top market like the one you mentioned is sure that they will slowly reach his

I think this is great news for the Digital Gold project that Tether wants to start with exactly the same concept which is tokenized gold.
Of course, it will be a really strong concurrent for the GOLD token, but taking into consideration the advertisement which Tether will make for tokenized gold, it can be useful also for the DIgital Gold project and the entire market niche.

For so many months we have been fighting to raise awareness about the Digital Gold project, and such an advertisement from Tether can be really helpful.
Remember, the most important thing is to spread the word about this opportunity because almost nobody knows about it and Tether can help to achieve this.

I see people say, that Tether will overtake this market completely from digital Gold because they are trusted, but I don't believe it.
There will be always a place for few players on the tokenized gold market, additionally, Tether has a very bad reputation and many court cases ongoing about fraudulent actions and BTC price manipulations, so I will refrain from such statements that Tether is trusted  .

https://cryptobriefing.com/tether-launched-gold-backed-stablecoin/

You can see it at coinmarketcap.com
GOLD Token has already listed the website and you can see the daily volume owned by GOLD Tokens and some other information.
https://coinmarketcap.com/currencies/digital-gold/

Good day! Kindly see and reply PM.

No argument, the campaign and the promotions held by the team does help the project in growing faster than one could ever imagine. Out of curiosity, where do you guys the gold token total trading volume information? Cause the last time i check the total trading volume of the token was $3,001,363 USD on the capital market not $ 4,195,959 USD

The figure of GOLD volume shows us that the project has been growing fastly and very impressively. Somehow we have seen very good results from the promotions of GOLD project (and from good developments made by the team). Developments and promotions help the project is grown and moved upward and much faster. In return, the financial earnings from the growth help the team have additional funds to maintain their current types of promotions or maybe expand to new promotions. 

Outstanding answer. GOLD is progressing towards a better direction.
The trading volume of GOLD Tokens is also very extraordinary, the volume currently reaches $ 4,195,959 USD today.
This volume is very large considering the Gold Token is still new listing in coin marketcap about 3 months.
Hopefully the new assignments and the development of the GOLD project are always successful.
I keep always monitor GOLD and always waiting for the latest news. Thanks

Dear taufik123,

Thanks for the question. The picture of the roadmap is uploaded on hundreds of different resources now and we cannot change it. Digital Gold is actively developing. As in any IT project, the attention of the team is shifting to new tasks, which may be more important for rapid development. The fast growth of GOLD tokens trading volume and the service indicates that everything is done correctly.


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

I hope the difference between other projects will be able to make this gold project more trusted by the community. now I see that marketing is not too aggressive done by the team. that's why there are still many people who are less familiar with the GOLD project. it's best to take the name first and make the community's confidence in the gold project stronger and do marketing

In the boom of altcoin market back in 2017, there were many projects which released their tokens with things relate to Gold, but all of them eventually ended as scam or death. This project was born months later but it is totally different. By now, the project shows that it is a legit one, and I have a belief that their team will keep the project as upgrading as possible to adapt to changes in crypto market and bring financial beneficiaries back to their investors and holders. Despite of it is a stable GOLD token, it will surely bring financial earnings to their investors.

if you are an investor or holder of this project, you should closely follow their developments and progress. though many gold-backed projects have already exited in crypto, this one, i think is living up to their objectives up until now. and yes, this option is really nice as you are like owning gold but not in its physical form. just hope that everything here will be achieved as planned.
checking their audits from time to time will ensure their transparency about the assets of their company and i do think, it is a vital aspect of this platform to ensure that they have their gold holdings at anytime, any day all year round.

Q1 goes upto at-least the end of March so they still have time to achieve the objectives. Personally i would evaluate their progress towards the end of March 
Anyway, I am glad to see the GOLD.Storage project continue to grow.

Indeed gold is a great option for investment, some still argue if it's better or worse than Bitcoin. I'd vote for both.
And using tokens like this, one doesn't have to take care about handling the physical gold - from delivery to storage.

Also unlike stable coins like USDT, this project seems to have proper audit for the way the funds/tokens are backed.

I am very impressed with the GOLD.Storage project, I am still faithfully following the Gold signature from the first Gold storage there until now.
But I have a question that you need to answer.
This is about the Roadmap owned by GOLD.Storage, is the development of the project in accordance with the Roadmap created?
At present Gold.Storage has entered the Q1 2020 Roadmap which has 3 objectives to be achieved.
I am happy to ask this, so I know the latest developments about Gold.Stoarge. Thank you


Regards:
taufik123