Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 72. (Read 31537 times)

Gold token is a stable coin backed with real gold, it price will always be intact with the price of gold in the market and the idea of it been back with gold was provide good outcome for each and every holder of the token. Mind you, gold was very expensive to produce, concrete in terms of value is which also the reason why it was used as federal reserve.

The token have limited supply which is equal to the amount of gold saved in the vault.


Awesome!

I think they will buy it back, but I think it will be difficult to spend, if that happens, of course the buyer will increase and be accompanied by an increase in price, and when the price goes up there will definitely be someone selling there. by buying them back, I think the cycle is like that

I'm even a little confused with the GOLD project, even though it is backed up with real gold,
will it keep the value of digital GOLD? anyone can give an answer? then what if the GOLD you have runs out?

You do realize Digital gold doesn't have much exposure, so what you see as sell orders are most likely from team themselves. As they previously mentioned, they will provide liquidity on exchanges.

Anyway, even if it gets dumped, it will be the easiest money for buyers. Buy from exchanges, sell on digital gold's marketplace, and soon enough market will stabilize itself, who will say no to easy money?

Yes the team also dares to say, they don't care a lot of cell orders, prices will remain stable, that's the great answer I get from the team, they dare to say that of course they have the courage to receive lots of sales and purchases that are professionals

This is bordering on using FUD to justify the non convertibility of your tokens.


"The real meaning of stablecoin"....what is that, exactly?

For a token to be a commodity (gold, in this case) backed stablecoin, I would say that actual convertibility to the backing asset is an essential part of the definition, otherwise what do you have?
Just an unleveraged gold tracking derivative, nothing more.

Fair enough.

Thanks to makes a some clarification about this, however i already see a lot project using a "GOLD BACKUP" for their main idea. But most of them cant handle the price and ended with a scam/false promise. You are already provide to us about your project and i was really satisfied i hope at the future gold team will decide open to the public about their team. It can bring more trust to your project.

I doubt you know the real meaning of stablecoin in this space. You should educate yourself.

Dear kojektea,

No matter how many SELL orders will be on the exchange, the price of the token will be stable.

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

I doubt about dumping as it's pegged to the real gold.

This is an important advance and hopes that in the following week the trading volume will continue to increase, and this will cause the strong GOLD coins to prevent DUMP prices, and be able to withstand all those who throw their coins randomly.

I believe you should know the answer without you answering the question.

Thank you for taking the time to address this issue. I understand this project was implemented a couple of months and I'm also aware of the good job done by the project team but don't you think to do nothing about the conversion of Gold token into physical sooner may somehow reduce the trust level of people.

Dear ryzaadit,

Digital Gold was designed as a secure and private way to store gold assets electronically. Our service achieves both of these objectives as much as it is technically and legally possible. Digital Gold tokens are fully backed by physical gold reserves. Moreover, the company takes all the necessary security measures: developers' access to the smart contract is limited; no fiat payments are involved in the service; and only tested partners are used.

If every ETH wallet was verifiably linked to a particular individual, and if each token's ownership rights to the gold assets in the wallet was guaranteed by any state, our users would be subject to great risks when storing, using, and transferring these assets. If you are interested in that sort of services, there are companies on the market that provide them. However, you should be ready to report on your holdings and provide a number of documents (like your ID and a proof of provenance for the funds) every time you sell, buy, or transfer tokens. Since the official regulations governing that kind of operations constantly change, it's impossible to predict what will happen to companies that facilitate transactions with physical gold for individuals.

In case of Digital Gold, users' ownership rights are guaranteed by the smart contract in the Ethereum network; by the company's reputation; by the open online audit that can be accessed 24/7; and by the fact that enough liquidity is provided on exchanges for users to be able to buy or sell any amount of GOLD without any imposed limits or verification. This last point becomes possible thanks to the token not being directly linked to the physical asset.

In the future, it might become possible to exchange GOLD tokens for physical gold using third-party services. But for the time being, we are focusing on services that don't require a special license.

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

Yes, we know that digital gold is not affiliated with the Cryptex.net exchange, but I don't want anyone to fall like that thread? Are you still suggesting that we buy and sell GOLD tokens there?
Yes, I hope you will keep abreast of developments in Cryptex.net.

Dear watergold,

Digital Gold is not affiliated with this exchange in order to comment on the scam alert problems. Our token has been listed there, we will follow the news about Cryptex exchange.


By the way we have great news! 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.

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

Finally, you explain this to us.

I asked this question a few weeks ago, however it is only team gold can claim the gold physical right?. Let's say we have some problem with the project and teams like fraud or other bad things happen, can we also make a claim to Bullion Star with the token without the team if we got some case like thats.

GOLD_official what about this thread https://bitcointalksearch.org/topic/super-scam-fake-exchange-cryptexnet-5200391 cryptex.net SCAM ALERT what about the GOLD token there will it be safe? I know that there are still those who trade GOLD tokens.

Let me tell all about the GOLD token exchange for real gold. We do not have any demand for such a service now, that’s why we do not provide it.

For example, you have 10 GOLD tokens worth $500 and you want to exchange them to the real gold. Our company should pay around $200-300 for taking gold from the vault and deliver it to your place. If the service is claimed, then the overhead costs will certainly decrease. You will pay another $ 50 for delivery, and possibly some taxes, customs clearance, etc.

Instead of all these difficult procedures, you can instantly sell GOLD tokens for $500 and immediately buy physical gold ALREADY IN YOUR country, without paying for its delivery, customs clearance, etc.

This is what we had in mind, saying that theoretically, the exchange of the GOLD token for physical gold is possible, but in practice, this service is not so relevant now.

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