[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 69.

CryptopreneurBrainboss

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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.

StephenJH

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Quote from: indo1 on December 29, 2019, 03:33:16 AM

Hello everyone, I have a question for the GOLD project.

Is the current gold coin price following the world gold price?
This is my main question, because I am confused by the conditions in crypto and the real world ... if you follow the real gold price, then your inventory will be minimized risk

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!

GOLD_official

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Quote from: indo1 on December 29, 2019, 03:33:16 AM

Hello everyone, I have a question for the GOLD project.

Is the current gold coin price following the world gold price?
This is my main question, because I am confused by the conditions in crypto and the real world ... if you follow the real gold price, then your inventory will be minimized risk

Dear indo1,

Yes the GOLD token follow the world gold price. You can check current price in our marketplace. https://gold.storage/en/market

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

indo1

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Hello everyone, I have a question for the GOLD project.

Is the current gold coin price following the world gold price?
This is my main question, because I am confused by the conditions in crypto and the real world ... if you follow the real gold price, then your inventory will be minimized risk

wwzsocki

legendary

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First 100% Liquid Stablecoin Backed by Gold

Quote from: TopTort777 on December 26, 2019, 08:58:14 AM

...Is it possible to use direct exchange BTC/ETH address to make an exchange on https://gold.storage/ ? Or I must use my own wallet to make an exchange?

It would be great if you just visit the https://gold.storage page and there you will all the answers to your questions.

The Digital Gold marketplace is very easy to use and everything is working as it should be.

I am sure that all need information is provided on the https://gold.storage website and everybody would be able to use the marketplace but minimal knowledge about cryptocurrencies is required.

In my previous posts, I described how to use the marketplace:

Quote from: wwzsocki on October 11, 2019, 05:32:42 AM

Yesterday, I was using for the first time Digital Gold Marketplace and I have to say that everything works very smooth and is made so simple as possible.

Of course one has to know how Etheruem transactions and token works to be able to use the market. Simple basic knowledge is needed about Ethereum, how to send a transaction, wallets, addresses, tokens, etc. Maybe if somebody hears all of this for the first time then can be overwhelmed but believe me if you set up Metamask or My Ether Wallet (MEW) and send transaction then you will be ready to use the GOLD marketplace.

The process is easy. We go to the Marketplace and choose the GOLD token if we want to sell, put the desired amount to sell and ETH address to receive back ETH in return because in my example I was selling GOLD for ETH. We can choose between ETH and BTC.

When we are ready then click exchange and we will see ETH address to which we have to send the desired amount of GOLD tokens to sell. After send we wait for confirmations, which are coming one after another and after 12 confirmations our transaction is accepted and the withdraw started to our ETH wallet address.

Everything took about 10 minutes and I had my ETH in Metamsk wallet. You can watch the process live in the Marketplace.

hulla

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Quote from: Teraboy on December 26, 2019, 09:41:48 AM

Quote from: hulla on December 25, 2019, 07:41:06 PM

Quote from: tippytoes on December 23, 2019, 08:08:59 AM

Quote from: CryptopreneurBrainboss on December 20, 2019, 05:51:53 AM

Quote from: wwzsocki on December 19, 2019, 11:50:39 AM

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

And that is really good choice if this project will really stick to their promise to its followers and stakeholders. And achieve their objectives as laid out on their roadmap. You will find many users to be hesitant on relying this project as even it is claimed to be backed by gold because you have to remember, that most of the projects that attested to be gold-backed turned out to be fraudulent ones. So just pray and hope that this one will remain to be authentic throughout its journey in this business.

The have teams have no reason not to keep their promises because the project teams are the investors of this project and no ICO/IEO was launched before and after the creation of this project.

But is there a way about how we can know how much reserved gold that owned by this project?
It looks like an instant swap feature will be needed by this one.

Yes, the team are so honest about the whole process of the project and you simply check the gold which was securely saved in the Gold bullion see through the live audit report which was allso confirmed by the ChainSecurity company.

GOLD_official

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Quote from: TopTort777 on December 26, 2019, 08:58:14 AM

Thank you for the answer. Will evaluate Bitforex, as Livecoin and Cryptex has very controversial reputation on this forum and while googling them.

Is it possible to use direct exchange BTC/ETH address to make an exchange on https://gold.storage/ ? Or I must use my own wallet to make an exchange?

Dear TopTort777,

Yes, you can use our marketplace to buy or sell GOLD tokens. We accept BTC and ETH. You should send crypto from your own wallet to our marketplace and receive GOLD tokens to the erc20 wallet.

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

Teraboy

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Quote from: hulla on December 25, 2019, 07:41:06 PM

Quote from: tippytoes on December 23, 2019, 08:08:59 AM

Quote from: CryptopreneurBrainboss on December 20, 2019, 05:51:53 AM

Quote from: wwzsocki on December 19, 2019, 11:50:39 AM

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

And that is really good choice if this project will really stick to their promise to its followers and stakeholders. And achieve their objectives as laid out on their roadmap. You will find many users to be hesitant on relying this project as even it is claimed to be backed by gold because you have to remember, that most of the projects that attested to be gold-backed turned out to be fraudulent ones. So just pray and hope that this one will remain to be authentic throughout its journey in this business.

The have teams have no reason not to keep their promises because the project teams are the investors of this project and no ICO/IEO was launched before and after the creation of this project.

Is that means if all of the reserved gold is coming from the team's pocket? well if that's true and that sounds good for me. But is there a way about how we can know how much reserved gold that owned by this project?
It looks like an instant swap feature will be needed by this one.

TopTort777

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Activity: 2478

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Quote from: GOLD_official on December 26, 2019, 01:52:59 AM

Quote from: TopTort777 on December 25, 2019, 08:35:36 AM

Hi GOLD

Dont know if this was already asked, but is https://gold.storage/en/market the only place where your coin is traded ? Are you planning to get listed somewhere else ?

Hi TopTort777,

Now we are listed on Bitforex, Livecoin, and Cryptex. Feel free to use these exchanges or our marketplace.

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

Thank you for the answer. Will evaluate Bitforex, as Livecoin and Cryptex has very controversial reputation on this forum and while googling them.

Is it possible to use direct exchange BTC/ETH address to make an exchange on https://gold.storage/ ? Or I must use my own wallet to make an exchange?

GOLD_official

copper member

Activity: 676

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Quote from: TopTort777 on December 25, 2019, 08:35:36 AM

Hi GOLD

Dont know if this was already asked, but is https://gold.storage/en/market the only place where your coin is traded ? Are you planning to get listed somewhere else ?

Hi TopTort777,

Now we are listed on Bitforex, Livecoin, and Cryptex, Catex, Coinsbit. Feel free to use these exchanges or our marketplace.

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

hulla

hero member

Activity: 1834

Merit: 566

Quote from: tippytoes on December 23, 2019, 08:08:59 AM

Quote from: CryptopreneurBrainboss on December 20, 2019, 05:51:53 AM

Quote from: wwzsocki on December 19, 2019, 11:50:39 AM

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

And that is really good choice if this project will really stick to their promise to its followers and stakeholders. And achieve their objectives as laid out on their roadmap. You will find many users to be hesitant on relying this project as even it is claimed to be backed by gold because you have to remember, that most of the projects that attested to be gold-backed turned out to be fraudulent ones. So just pray and hope that this one will remain to be authentic throughout its journey in this business.

The have teams have no reason not to keep their promises because the project teams are the investors of this project and no ICO/IEO was launched before and after the creation of this project.

Quote from: TopTort777 on December 25, 2019, 08:35:36 AM

Hi GOLD

Dont know if this was already asked, but is https://gold.storage/en/market the only place where your coin is traded ? Are you planning to get listed somewhere else ?

No, it already listed on different reputable exchange site and also listed in capital market either.

TopTort777

legendary

Activity: 2478

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Hi GOLD

Dont know if this was already asked, but is https://gold.storage/en/market the only place where your coin is traded ? Are you planning to get listed somewhere else ?

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: ShowOff on December 24, 2019, 03:49:52 AM

Is the campaign still active and accepting participants in the signature ? I want to register for this campaign and use a signature.

Dear ShowOff,

Please ask such questions in the bounty thread. Leave a message there and the bounty manager will review it. If you accepted you will receive a private message about that.

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

ShowOff

legendary

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Is the campaign still active and accepting participants in the signature ? I want to register for this campaign and use a signature.

tippytoes

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Quote from: CryptopreneurBrainboss on December 20, 2019, 05:51:53 AM

Quote from: wwzsocki on December 19, 2019, 11:50:39 AM

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

And that is really good choice if this project will really stick to their promise to its followers and stakeholders. And achieve their objectives as laid out on their roadmap. You will find many users to be hesitant on relying this project as even it is claimed to be backed by gold because you have to remember, that most of the projects that attested to be gold-backed turned out to be fraudulent ones. So just pray and hope that this one will remain to be authentic throughout its journey in this business.

tbct_mt2

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Quote from: GOLD_official on December 04, 2019, 02:46:16 AM

The price of the GOLD token depends on the real gold price. That's why if the gold price will rise or fall the price of the GOLD token will move in the same way.

It is a neat explanation, from which who are unfamiliar with GOLD token will understand that GOLD token is backed by 'real' gold. Interestingly to know another fact that God has been used as a mean of storage over decades in human civilization. By now, there are no alternatives for GOLD that completely replace Gold. There are some metal that more expensive than gold, but they can not totally replace gold.

Gold is more common and more favorite by human, globally.

TeraBite

legendary

Activity: 1876

Merit: 1003

Quote from: CryptopreneurBrainboss on December 20, 2019, 05:51:53 AM

Quote from: wwzsocki on December 19, 2019, 11:50:39 AM

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

That is very nice explanation why Gold backed coins have upper hand over USDT. Like FED is going to inject huge amount almost $450 Billion so there is inflation is very issue but Gold is gaining value against Dollar so that I also will do agree with this comparison.

CryptopreneurBrainboss

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Quote from: wwzsocki on December 19, 2019, 11:50:39 AM

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

GOLD_official

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Activity: 676

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Quote from: wwzsocki on December 19, 2019, 11:50:39 AM

Quote from: GOLD_official on December 17, 2019, 01:27:57 PM

Why Taking Profit in USD-backed Stablecoins Can Be Dangerous

More on: https://steemit.com/erc20/@digitalgoldcoin/why-taking-profit-in-usd-backed-stablecoins-can-be-dangerous

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

Dear wwzsocki,

Yes, you can do so. But the risks are higher than storing USDT in your wallet.

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

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on December 17, 2019, 01:27:57 PM

Why Taking Profit in USD-backed Stablecoins Can Be Dangerous

More on: https://steemit.com/erc20/@digitalgoldcoin/why-taking-profit-in-usd-backed-stablecoins-can-be-dangerous

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 69. (Read 31537 times)