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

GOLD_official

copper member

Activity: 676

Merit: 181

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: 2296

Merit: 256

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: 2296

Merit: 256

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

magicrypto

copper member

Activity: 812

Merit: 6

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

Quote from: tippytoes on December 03, 2019, 01:02:21 AM

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Dear tippytoes,

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.

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

Hi GOLD_official, please check your PM, thank you!

hulla

hero member

Activity: 1834

Merit: 566

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

Quote from: Suke_Teki on December 04, 2019, 03:10:45 AM

Quote from: tippytoes on December 03, 2019, 01:02:21 AM

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Right, of the many projects that say that their tokens are backing with gold, I think only this Digital Gold project is really real and the price is stable, in accordance with the movement of gold prices.

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

This project will definitely last because the project team consists of people who are 100% good in the financial, economic, blockchain etc. this why they successfully implemented in few months the platform which some project cant do for years.
With that been said, Gold token is a genuine stablecoin which outstanding and cannot be compared to USDT, USDC etc because they actually pegged to fiat currency (USD) and they shouldn't be called stable coin either.

monineklutak

sr. member

Activity: 1890

Merit: 252

The OGz Club

Quote from: Suke_Teki on December 04, 2019, 03:10:45 AM

Quote from: tippytoes on December 03, 2019, 01:02:21 AM

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Right, of the many projects that say that their tokens are backing with gold, I think only this Digital Gold project is really real and the price is stable, in accordance with the movement of gold prices.

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

Suke_Teki

member

Activity: 588

Merit: 10

Quote from: tippytoes on December 03, 2019, 01:02:21 AM

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Right, of the many projects that say that their tokens are backing with gold, I think only this Digital Gold project is really real and the price is stable, in accordance with the movement of gold prices.

GOLD_official

copper member

Activity: 676

Merit: 181

Quote from: tippytoes on December 03, 2019, 01:02:21 AM

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Dear tippytoes,

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.

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 November 11, 2019, 04:14:18 PM

...Digital Gold continues to move on. We issued 2000 GOLD tokens and added 2 kilos of gold to the BullionStar vault. Gold availability can be checked in real-time on the website https://www.bullionstar.com/myaccount/audit account number 17081. The total amount in the vault is 9200 grams of gold....

Quote from: GOLD_official on November 22, 2019, 03:22:35 PM

The daily volume of the GOLD token exceeds 5 mln dollars!

This is such a great filling to be back after a while and see so many great updates.

Gold token already exceeds 5 mln dollars in daily volumes and the team issued 2000 GOLD tokens and added 2 kilos of gold to the BullionStar vault.

For a project which started only a couple of months ago to be listed on exchanges, this is just amazing progress.

Of course, I have seen the bad news also about the Cryptex.net exchange "SCAM ALERT", but I think it is too fast to draw any conclusions and we have to wait for the outcome of this case. Additionally, there are plenty of scammy crypto exchanges, so I don't see any problem with the Digital Gold project and GOLD token listing, even if itis truth. Shit happens, especially in the crypto world.

Of course, I would advise to anyone holding GOLD token on Cryptex.net exchange or any other cryptocurrencies to withdraw immediately and wait patiently for the outcome of the scam accusation.

edited: a couple of errors and misspells

dishku

legendary

Activity: 1918

Merit: 1003

Quote from: tippytoes on December 03, 2019, 01:02:21 AM

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

This token is backed by real gold as the team is claiming about the value which is equal to 1G of Gold. The efforts of the team is looking fruitful they pushing this into solid direction so hopefully it will get succeed to keep this on the current streak and will keep growing healthy.

tippytoes

sr. member

Activity: 1988

Merit: 275

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 70. (Read 31537 times)