[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 68.

tbct_mt2

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Quote from: NathanJB on January 10, 2020, 10:34:52 PM

You are using the platform of this project, right?

2 minutes is not that bad for conversion but why taking that long? Since it is not instant, is it also done like trading that you are going to make your price and then wait for somebody on the other end to buy it?

Do you see 12 confirmations for that smooth transaction?

2 minutes is much faster than what you will have to wait if you use bitcoin to move your funds. I think the required confirmations on the GOLD platform is for security reasons. The more confirmations required, the more secure your transactions are and the lower odds to see your transactions will be reversed by shady attacks on the network. It think 2 minutes is acceptable waiting period.

NathanJB

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Quote from: wwzsocki on January 10, 2020, 03:47:15 AM

Another smooth transaction in the Digital Gold Marketplace.

As you can see on the screen it takes only two minutes to exchange the GOLD token to Ethereum.

You are using the platform of this project, right?

2 minutes is not that bad for conversion but why taking that long? Since it is not instant, is it also done like trading that you are going to make your price and then wait for somebody on the other end to buy it?

wwzsocki

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First 100% Liquid Stablecoin Backed by Gold

Another smooth transaction in the Digital Gold Marketplace.

As you can see on the screen it takes only two minutes to exchange the GOLD token to Ethereum.

davidroux

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Quote from: tbct_mt2 on January 07, 2020, 08:58:40 AM

Quote from: GOLD_official on January 04, 2020, 12:08:36 AM

Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

The article wrapped up what GOLD project has achieved months after its birthday. Thank you for making the article in which I find the point on the predicted and long-waited global crisis. I am not sure there will be a crisis like that in next years but what happened recent 2 weeks between the USA. and Iran as well as the financial-broke situation in China are very negative components for the global financial growths in near future. Maybe crisis will occur or maybe it will not but you won't lose anything by investing in GOLD. It's especially right for long term investment perspective. For the short and medium terms, from now, I am bullish with GOLD.

I am very interested in this project and this is the first time I know the presence of gold in the crypto market. As I know, this coin depends heavily on the world gold price and this is something no project can do during the past time. For me, this project will be very promising and will surely attract a lot of new investors in the near future. Hopefully in 2020 investors will be more active in gold investment.

wwzsocki

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First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on January 07, 2020, 07:12:00 AM

The price of the token on each exchange depends on the demand. If somebody will sell a big amount of GOLD token the price can fall 5-10%, but at the same time somebody can buy such amount and resell them on other exchanges or using our marketplace. It is the same as arbitrage works on futures or stock exchanges. But it is big luck if arbitrage will bring you 0.5% of the profit...

I think that there is a big chance for good arbitrage opportunities also with the GOLD token.

Especially with high volatility on exchanges, for example when some hodler will sell his bags or a big investor steps in and they will influence the price drastically in the short term.

We all know that time is crucial in such deals.

Quote from: GOLD_official on January 04, 2020, 12:08:36 AM

Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

Great article as always Digital Gold team.

I keep wondering if the real gold price will go even higher this year?

GOLD_official

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Quote from: CryptopreneurBrainboss on January 07, 2020, 05:41:16 AM

Quote from: Strongkored on January 07, 2020, 05:21:55 AM

I'm interesting with this token but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

Well those coins weren't stablecoin so apparently the volatility associated with all cryptocurrency affect the price of the coins. Manipulation and loss of interest from current and potential investors contributed to the down fall of those project and off course, most of them were disguise scam profiting from the hype that was associated with gold backed projects. Understand again, Gold token is a stablecoin meaning you can be assured of a fixed price backed be real Gold as explained on the website.

Just like any tradable assets or currency, the price of Gold token on an exchange is totally dependant on the trading activities of that exchange that's why the price differs on various exchange although within a certain price range. The external exchange listing were introduced to increase awareness and adoption of the stablecoin. You can always used the inbuilt exchange on the website if you feel the price on the exchanges doesn't suit you or it's been manipulated. Other stablecoin also experience price difference on different exchange based on how active the market is, on that exchange.

Dear CryptopreneurBrainboss,

We got a response from the devs. They promise to do that in the future updates.

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

tbct_mt2

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Activity: 2366

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Quote from: GOLD_official on January 04, 2020, 12:08:36 AM

Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

The article wrapped up what GOLD project has achieved months after its birthday. Thank you for making the article in which I find the point on the predicted and long-waited global crisis. I am not sure there will be a crisis like that in next years but what happened recent 2 weeks between the USA. and Iran as well as the financial-broke situation in China are very negative components for the global financial growths in near future. Maybe crisis will occur or maybe it will not but you won't lose anything by investing in GOLD. It's especially right for long term investment perspective. For the short and medium terms, from now, I am bullish with GOLD.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: Strongkored on January 07, 2020, 05:21:55 AM

Maybe my question looks strange or has been asked before,
The price of gold tokens will be the same as the world gold price, it will not be difficult if Digital Gold is only traded in Digital Gold marketplace itself because the team will be able to control it, but how can the team control the prices traded on another exchange that has already entered this token?

I'm interesting with this toke but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

Hi Strongkored,

The price of the token on each exchange depends on the demand. If somebody will sell a big amount of GOLD token the price can fall 5-10%, but at the same time somebody can buy such amount and resell them on other exchanges or using our marketplace. It is the same as arbitrage works on futures or stock exchanges. But it is big luck if arbitrage will bring you 0.5% of the profit.

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

hulla

hero member

Activity: 1834

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Quote from: Strongkored on January 07, 2020, 05:21:55 AM

Maybe my question looks strange or has been asked before,
The price of gold tokens will be the same as the world gold price, it will not be difficult if Digital Gold is only traded in Digital Gold marketplace itself because the team will be able to control it, but how can the team control the prices traded on another exchange that has already entered this token?

I'm interesting with this toke but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

You make a good point but the project needs to be used like other stablecoins we have in the crypto market and in other to achieve it have to be listed on the exchange site/CMC. However, this is what some members of the forum ask for and also believed it will make people believe this project is genuine.

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

Quote from: Strongkored on January 07, 2020, 05:21:55 AM

I'm interesting with this token but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

Well those coins weren't stablecoin so apparently the volatility associated with all cryptocurrency affect the price of the coins. Manipulation and loss of interest from current and potential investors contributed to the down fall of those project and off course, most of them were disguise scam profiting from the hype that was associated with gold backed projects. Understand again, Gold token is a stablecoin meaning you can be assured of a fixed price backed be real Gold as explained on the website.

Just like any tradable assets or currency, the price of Gold token on an exchange is totally dependant on the trading activities of that exchange that's why the price differs on various exchange although within a certain price range. The external exchange listing were introduced to increase awareness and adoption of the stablecoin. You can always used the inbuilt exchange on the website if you feel the price on the exchanges doesn't suit you or it's been manipulated. Other stablecoin also experience price difference on different exchange based on how active the market is, on that exchange.

Strongkored

legendary

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Leading Crypto Sports Betting & Casino Platform

Maybe my question looks strange or has been asked before,
The price of gold tokens will be the same as the world gold price, it will not be difficult if Digital Gold is only traded in Digital Gold marketplace itself because the team will be able to control it, but how can the team control the prices traded on another exchange that has already entered this token?

I'm interesting with this toke but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: CryptopreneurBrainboss on January 06, 2020, 07:42:06 AM

Hello @GOLD_official i have some inquiring concerning the used of your inbuilt exchange on website, last time I used the exchange and was asked for my bitcoin address, i tried inputting my segwit bitcoin address (bitcoin address starting with bc1) but the system didn't recognize it as a bitcoin address. It was a frustrating experience as I had to use an exchange wallet to recieve my bitcoin (which is something I hate doing).

Why don't the exchange system recognize segwit addresses? It's more convenient to use than legacy address and is there any plan to accept this in future? Most reputed exchanges are already accepting segwit address to contribute to the adoptions of the technology since it has more advantage when compared with a legacy address like less transaction/miners fees.

Hi CryptopreneurBrainboss,

We will forward that information to the devs and answer you when we get a feedback from them. Thank you for paying attention to that problem.

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

CryptopreneurBrainboss

legendary

Activity: 2408

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eXch.cx - Automatic crypto Swap Exchange.

Hello @GOLD_official i have some inquiring concerning the used of your inbuilt exchange on website, last time I used the exchange and was asked for my bitcoin address, i tried inputting my segwit bitcoin address (bitcoin address starting with bc1) but the system didn't recognize it as a bitcoin address. It was a frustrating experience as I had to use an exchange wallet to recieve my bitcoin (which is something I hate doing).

Why don't the exchange system recognize segwit addresses? It's more convenient to use than legacy address and is there any plan to accept this in future? Most reputed exchanges are already accepting segwit address to contribute to the adoptions of the technology since it has more advantage when compared with a legacy address like less transaction/miners fees.

coinary

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Activity: 57

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Quote from: GOLD_official on January 03, 2020, 03:53:51 AM

Quote from: coinary on January 03, 2020, 01:38:14 AM

We have added GOLD to our listing of Stablecoins.

How can I contact to a GOLD team member to get more information about the project to improve our page.

https://stablecoins.live/digital-gold/summary

Dear coinary,

Thank you for adding our project. You can ask all questions about GOLD token in private message. Feel free to contact me. I will provide the full information about GOLD stablecoin.

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

Sent! Best luck for the project, we are monitoring your project from now.

GOLD_official

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Activity: 676

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Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

GOLD_official

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Activity: 676

Merit: 181

Quote from: coinary on January 03, 2020, 01:38:14 AM

We have added GOLD to our listing of Stablecoins.

How can I contact to a GOLD team member to get more information about the project to improve our page.

https://stablecoins.live/digital-gold/summary

Dear coinary,

Thank you for adding our project. You can ask all questions about GOLD token in private message. Feel free to contact me. I will provide the full information about GOLD stablecoin.

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

coinary

jr. member

Activity: 57

Merit: 8

We have added GOLD to our listing of Stablecoins.

How can I contact to a GOLD team member to get more information about the project to improve our page.

https://stablecoins.live/digital-gold/summary

tbct_mt2

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Activity: 2366

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Quote from: hulla on January 01, 2020, 03:03:31 PM

In addition, Gold token different from other project claimed to be back by gold because it price is not decided by the arbitrage traders or crypto community but the price of purity gold in the market and Gold token reserved gold was not just safe in bullion vault but also audited by a reputable company ChainSecurity. Besides, the project is a self-funding project (no ICO,IEO, STO etc) not like others project claimed to back with gold but purpose to steal investors fund.

They made a good start for their business, months ago. I have good impression about them not only because their methods to back their Gold token by real gold, and is audited by the reputable company, but also in their approach to run their campaign. Only good posters, clean trusted users accepted to join in the campaign. As I saw from the spreadsheet, when I checked before applied to participate in this one weeks ago, most of participants in the campaign are well-known on the forum. They also chose good people to translate their information and play as ambassadors. IMO, they are legit.

hulla

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Quote from: CryptopreneurBrainboss on January 01, 2020, 01:10:39 AM

Quote from: StephenJH on December 30, 2019, 11:43:30 AM

As mentioned, the price follows the Gold price but how they convince the people about the full reserves? Is there any documentation or paperwork to check the reliability of this project? What is the difference between the other gold-backed altcoins and the GOLD coin? Thanks for answering my questions!

The main difference is in your first sentence line, the other projects are just like your regular cryptocurrency but this project is a stablecoin meaning the price of Gold token is totally dependant on the price of real Gold. Therefore if real good was to achieve an increase in price, It'll reflect on the gold token. The other projects you speak off, although they claim to be backed by gold, their prices is totally dependant on the trading activity of the community and their volatility nature is just like that of your regular cryptocurrency. That's why you can see their token price raising from cents to dollar values then fall back down when the hype surrounding the project is over or investors loses interest.

Irrespective of Gold token been a stablecoin it also has other advantage that the average stablecoin don't, it can be used as an investment vehicle since it's price is corresponding to that of the real gold meaning an increase in Gold automatically gives you profit in gold stablecoin. Concerning the credibility of the project, you can verify that on their website, audits page;

Quote from: author=link https://gold.storage/en/audits

Each GOLD token is 100% backed by physical gold stored in secure vault. Amount of physical gold stored can be verified at any time. We guarantee GOLD token's liquidity. Unlimited amount of GOLD can be purchased/redeemed at our website instantly 24/7.

In addition, Gold token different from other project claimed to be back by gold because it price is not decided by the arbitrage traders or crypto community but the price of purity gold in the market and Gold token reserved gold was not just safe in bullion vault but also audited by a reputable company ChainSecurity. Besides, the project is a self-funding project (no ICO,IEO, STO etc) not like others project claimed to back with gold but purpose to steal investors fund.

tippytoes

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Quote from: CryptopreneurBrainboss on January 01, 2020, 01:10:39 AM

Quote from: StephenJH on December 30, 2019, 11:43:30 AM

As mentioned, the price follows the Gold price but how they convince the people about the full reserves? Is there any documentation or paperwork to check the reliability of this project? What is the difference between the other gold-backed altcoins and the GOLD coin? Thanks for answering my questions!

The main difference is in your first sentence line, the other projects are just like your regular cryptocurrency but this project is a stablecoin meaning the price of Gold token is totally dependant on the price of real Gold. Therefore if real good was to achieve an increase in price, It'll reflect on the gold token. The other projects you speak off, although they claim to be backed by gold, their prices is totally dependant on the trading activity of the community and their volatility nature is just like that of your regular cryptocurrency. That's why you can see their token price raising from cents to dollar values then fall back down when the hype surrounding the project is over or investors loses interest.

Irrespective of Gold token been a stablecoin it also has other advantage that the average stablecoin don't, it can be used as an investment vehicle since it's price is corresponding to that of the real gold meaning an increase in Gold automatically gives you profit in gold stablecoin. Concerning the credibility of the project, you can verify that on their website, audits page;

Quote from: author=link https://gold.storage/en/audits

Each GOLD token is 100% backed by physical gold stored in secure vault. Amount of physical gold stored can be verified at any time. We guarantee GOLD token's liquidity. Unlimited amount of GOLD can be purchased/redeemed at our website instantly 24/7.

Their assets in gold is not that big so the corresponding supply follows. As of now, all the figures seem authentic. They are not claiming huge possession of gold. So I hope this will stay as long as this project is alive. Transparency from the very start is important in building credibility for the project. And we do hope that auditor of their assets will not be influenced by any means. Many have failed because most of them have no real backing as opposed to what they are claiming. But here, I believe they are providing facts here. We will see in the next coming years if they will stay true to their words.

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 68. (Read 31537 times)