[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 70.

GOLD_official

copper member

Activity: 676

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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

Activity: 2618

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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

sr. member

Activity: 1988

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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

hero member

Activity: 2366

Merit: 838

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

legendary

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eXch.cx - Automatic crypto Swap Exchange.

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

copper member

Activity: 676

Merit: 181

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.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: ?? on ??

Thinking of rejoining the family of Gold stablecoin promoters via signature campaign, any idea when the signature campaign is ending? sorry this is kinda offtopic here. (Deleting after I get a response)

Dear CryptopreneurBrainboss,

The bounty campaign is still going. Leave your posts in the bounty thread.

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

GOLD_official

copper member

Activity: 676

Merit: 181

Why Taking Profit in USD-backed Stablecoins Can Be Dangerous

For the whole year of 2018, the crypto market kept moving on the same downwards direction. Every time a new low was reached, people thought it to be the last one because crypto seemingly couldn’t fall any further – and yet it did, every time. Almost all the “dumb money” eventually accepted their losses and left the market.

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

kojektea

sr. member

Activity: 2352

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Vave.com - Crypto Casino

Quote from: hulla on December 10, 2019, 04:03:54 PM

Quote from: kojektea on December 10, 2019, 10:49:31 AM

Quote from: Suke_Teki on December 09, 2019, 07:50:40 PM

Quote from: monineklutak on December 04, 2019, 09:48:55 AM

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

True, they have real gold, according to the number of tokens in circulation.
Circulation token: 9,200 tokens
Assets in Gold: 9,199 grams
From here I believe this project can run well.

Are they holding it for real?

Yes, they are and you can confirm their holding through the bullion vault audit which is also confirmed by the ChainSecurity.

Quote from: kojektea on December 10, 2019, 10:49:31 AM

projects like this should be included in the big top because with that amount of gold, it will definitely be able to take interest and enough to continue to carry out special developments.

You're right. Although, thf project was giving birth to 6months ago and already making waves but Rome is not built in a day causd theres alot of stablecoins in the market already but next year and year after the whole crypto community and investors will know that Gold is the genuine stablecoin we have in the crypto market.

Wow that is very cool and I can believe, surely they already have an official certificate so that it can be recognized by the public in real terms and I think of course they will have insurance

hulla

hero member

Activity: 1834

Merit: 566

Quote from: wwzsocki on December 11, 2019, 03:25:29 AM

Quote from: hulla on December 10, 2019, 04:03:54 PM

Quote from: kojektea on December 10, 2019, 10:49:31 AM

Are they holding it for real?

Yes, they are and you can confirm their holding through the bullion vault audit which is also confirmed by the ChainSecurity.

@Hulla, of course, this is great that you answered this question but I just can't shake that filling that this is pure signature spam and should be ignored and reported.

Member @Kojektea is on my IGNORE list already, so I have seen more spammy posts from him in the past.

I have nothing against newbie questions but this one was already answered multiple times, even on the last page a couple of posts above.

It will be enough to read a few posts to find the answer and every member at least should do this before jumping into discussion or asking questions.

Of course, this comment bumped the thread but from the time we have the BUMP button such spammy comments are not needed and not welcome on the forum.

Additionally, nobody wants to have spammy answers in his ANN thread, only real organic discussion about the project.

@Kojektea if you want to help and just bump the thread in the future, then use the BUMP button if you have nothing to say.

Thanks for the information. Thought he's not aware of the project potential but put have added him to my own ignore list either.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: hulla on December 10, 2019, 04:03:54 PM

Quote from: kojektea on December 10, 2019, 10:49:31 AM

Are they holding it for real?

Yes, they are and you can confirm their holding through the bullion vault audit which is also confirmed by the ChainSecurity.

@Hulla, of course, this is great that you answered this question but I just can't shake that filling that this is pure signature spam and should be ignored and reported.

Member @Kojektea is on my IGNORE list already, so I have seen more spammy posts from him in the past.

I have nothing against newbie questions but this one was already answered multiple times, even on the last page a couple of posts above.

It will be enough to read a few posts to find the answer and every member at least should do this before jumping into discussion or asking questions.

Of course, this comment bumped the thread but from the time we have the BUMP button such spammy comments are not needed and not welcome on the forum.

Additionally, nobody wants to have spammy answers in his ANN thread, only real organic discussion about the project.

@Kojektea if you want to help and just bump the thread in the future, then use the BUMP button if you have nothing to say.

hulla

hero member

Activity: 1834

Merit: 566

Quote from: kojektea on December 10, 2019, 10:49:31 AM

Quote from: Suke_Teki on December 09, 2019, 07:50:40 PM

Quote from: monineklutak on December 04, 2019, 09:48:55 AM

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

True, they have real gold, according to the number of tokens in circulation.
Circulation token: 9,200 tokens
Assets in Gold: 9,199 grams
From here I believe this project can run well.

Are they holding it for real?

Yes, they are and you can confirm their holding through the bullion vault audit which is also confirmed by the ChainSecurity.

Quote from: kojektea on December 10, 2019, 10:49:31 AM

projects like this should be included in the big top because with that amount of gold, it will definitely be able to take interest and enough to continue to carry out special developments.

You're right. Although, thf project was giving birth to 6months ago and already making waves but Rome is not built in a day causd theres alot of stablecoins in the market already but next year and year after the whole crypto community and investors will know that Gold is the genuine stablecoin we have in the crypto market.

kojektea

sr. member

Activity: 2352

Merit: 256

Vave.com - Crypto Casino

Quote from: Suke_Teki on December 09, 2019, 07:50:40 PM

Quote from: monineklutak on December 04, 2019, 09:48:55 AM

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

True, they have real gold, according to the number of tokens in circulation.
Circulation token: 9,200 tokens
Assets in Gold: 9,199 grams
From here I believe this project can run well.

Are they holding it for real? If that is true wow, there are really a lot of funds that they have to hold, projects like this should be included in the big top because with that amount of gold, it will definitely be able to take interest and enough to continue to carry out special developments.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: Suke_Teki on December 09, 2019, 07:50:40 PM

...if they are backed by gold...

GOLD - First 100% Liquid Stablecoin Backed by Gold

Quote from: Suke_Teki on December 09, 2019, 07:50:40 PM

...prove 6 months if they can survive investing in Digital GOLD might be worth it...

I think the Digital Gold project has already 6 months because this thread was started on July 04, 2019.

Quote from: Suke_Teki on December 09, 2019, 07:50:40 PM

...if GOLD doesn't have strong fundamentals...

Then it will be not GOLD anymore Wink

Do you know that GOLD is used as a store of value from thousands of years and you are saying that it has no strong fundamentals?

Suke_Teki

member

Activity: 588

Merit: 10

Quote from: monineklutak on December 04, 2019, 09:48:55 AM

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

True, they have real gold, according to the number of tokens in circulation.
Circulation token: 9,200 tokens
Assets in Gold: 9,199 grams
From here I believe this project can run well.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: hulla on December 05, 2019, 12:07:21 PM

Quote from: wwzsocki on December 05, 2019, 06:39:14 AM

Quote from: hulla on December 04, 2019, 01:15:47 PM

...the project team consists of people who are 100% good in the financial, economic, blockchain etc...

...Can you please show or point me to any evidence of your words Huh

From what I know this was already discussed in this thread and the team is anonymous Huh

Yeah. You're right about the team not ready to expose their identity but I believe someone like you ...should have know this information. i won't have said the statement above if i don't find it on the team website.

Yes, you are totally right, sorry my mistake.

It is funny because this is the only fragment so far I have read about the Digital Project team and as you already know I have read all content available because of bounty campaigns (translations, content).

hulla

hero member

Activity: 1834

Merit: 566

Quote from: wwzsocki on December 05, 2019, 06:39:14 AM

Quote from: hulla on December 04, 2019, 01:15:47 PM

This project will definitely last because the project team consists of people who are 100% good in the financial, economic, blockchain etc...

From where you have this information Huh

Can you please show or point me to any evidence of your words Huh

From what I know this was already discussed in this thread and the team is anonymous Huh

Yeah. You're right about the team not ready to expose their identity but I believe someone like you who's among the content and ANN thread writer should have know this information. i won't have said the statement above if i don't find it on the team website.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: hulla on December 04, 2019, 01:15:47 PM

This project will definitely last because the project team consists of people who are 100% good in the financial, economic, blockchain etc...

From where you have this information Huh

Can you please show or point me to any evidence of your words Huh

From what I know this was already discussed in this thread and the team is anonymous Huh

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 70. (Read 31865 times)