Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 75. (Read 31537 times)

I see that after my last post all signature spammers run away from here and now this thread is almost dead with no organic discussion.

This is the problem of Bitcointalk that many threads catch almost no attention from the community despite the project is good and legit.
I don't know why this is happening but it looks like people are just not interested in new projects and after so many ICO scams they just can't believe anything is legit anymore.

Additionally, other services like Telegram offer a lot more flexibility and tools needed to moderate and communicate in real-time, so they choose to start the promotion there sometime even never introduce themself here. Even such projects like Digital Gold struggles to catch the attention and in the off-topic section, people are talking about nonsense all the time.

I spotted lately, that there are new projects which are like an exact copy of Digital Gold and I think we can see it as a success. I don't mention the tickers or names on purpose because this is DigitalGold thread but I can add that they will tokenize silver and diamonds, so if anybody is interested can search further for more information.

PS
If there are any new announcements or updates from the Digital Gold team then it would be great to hear but I suppose is still too soon.

I have just written a new article about the Digital Gold project and the GOLD token.

If anybody is interested in Digital Gold or wants to know how exactly all this works and how the GOLD token is used to tokenize real gold, then this article is for you.

GOLD TOKEN – ALTERNATIVE TO TRADITIONAL FIAT-BASED STABLECOINS

Stop spamming this thread with your nonsense questions or summaries and read first about the Digital Gold project and GOLD token before commenting here.

This is signature spam, so please stop or start to do it correctly.


Another completely stupid question that was already answered multiple times in this thread and is explained on the Digital Gold  website or in the white paper.

If you would be really interested in the Digital Gold project, these places should be first to check before even think to post here.

The bare minimum is to read the OP and a couple of posts from the thread to post something with common sense and not only to not spam for the signature and annoy other members.


Bounty Thread

PS
I hope you will remember my avatar  .
[CLUB] The SpamBusters! Busting rule-breakers for more than a year.

What do you mean by physical anonymity? I thought it is just a digital gold but they are just referring to the price of real gold in gram.
You mean if you have these tokens in hand you can also have the physical gold in hand?

Thanks, other exchanges I thought they only have 2 exchanges that this token listed. It looks like that their bounties still running do they still accept telegram and twitter campaign?

I can't buy this token right now to invest but good to earn some to hold and maybe getting benefits in the future.

I know the message slightly off-topic but I don't think there's something bad if I explained things in detail for the user who yet to understand volume issue of an exchange site.
With that been said, you're wrong about project owners associated with an exchange in the act of fake volume issue cause the exchange do it by themselves in other to get in the spotlight on CMC.



As you can presume the Gold token is a good cryptocurrency which allows people to own and hold physical anonymity. Per the exchange listing, the token is already listed on 4 exchange site and planning to be list on Bitforex.

Ow I see the price of this AKA GOLD is the same as the price of the real gold in gram just saw this while checking the price of this gold from here https://goldprice.org/

It seems this project is good if ever this will be listed on big exchanges we can use this GOLD to buy real physical gold or sell this to have physical gold.
Since the price of gold is likely stable not so aggressive like altcoin we can use it as a stablecoin.

Being a stablecoin does not mean it will have a fixed value over time, but it won't be even close to the volatility you see on the other cryptocurrencies. GOLD is backed by physical real gold and is pegged to the spot price of Gold as Digital Gold is also providing liquidity for it aka doing market making and supporting the buying pressure to maintain a stable value. You can see the spot, purchase and redemption price through the Digital Gold gateway on their website: https://gold.storage/en/market

An interesting selection of opinions on a subject slightly off topic to this thread but hey, sig campaigns need posts.....
My original point still stands.
I know that "morality" for its own sake is highly unfashionable in our brave new libertarian world but, only for pragmatic reasons, I don't trust liars.
Exchanges that fake volume, fake their own popularity and deceive users about the liquidity of listed coins are liars.
Projects that choose to list on them, knowing this, are tainted by association.

I think you don't understand what I'm saying here because I'm talking about the whole cryptocurrency trading (BTC and all altcoin) done on an exchange site and the provision of the fake volume is an act of cheating which is the reason why most of the community are against it.
Check this CMC exchange ranking for you to have more insight.

The gold price cant be compared with every crypto in the market cause Gold has been in existence for thousands of years and been used as store of value. With the decreases in supply of gold in the market the price of gold will experience some surge in price.



No, it will never affect the future or present price of every coin listed on such exchange which fake volume but only make such exchange site up rank on the capital market listing.
Note: Volume is the total amount of activities (buy/sell) either in BTC or USD did on an exchange site.

Why would you compare the Gold price with altcoins prices? I don't see any correlation as the GOLD token is pegged to the physical gold market price & looking at the higher timeframes on Gold we are now in a consolidation and the sentiment is bullish. Altcoins go down with 99x while Gold went down maximum 30% on the 2008 crisis.

I find this project legit, however I do agree those spammers circlejerking, is getting very annoying lately.

And guess what, most of them are wearing cryptotalk signature.

I have also seen things like that in other projects but will this not have a negative effect on future GOLD projects? Is nothing bad going to happen by making fake volume? And this kind of thing is called fake but the project needs this

To be honest. Every crypto exchange site have once fake there trading volume before making use of genuine volume after they gain better users rate even capital market was once guilty of fake volume either. I think these are the strategies used by most exchange site  in other gain more traffic and also be on the top spot on capital market.

I have to admit that I shared this information about GOLD token listing on Bitforex exchange in my local section and there were exactly the same comments about fake volumes, wash trading and very bad listing choice. I was surprised because I am from almost the beginning of crypto and know a lot about many things and I have never heard anything bad about Bitforex or read something. But I believe to my fellow local friends when they tell me that this exchange is involved in shady practices, like wash trading because somebody I know was trading there a lot and witnessed this happening live on the screen.

The good thing is that Digital Gold will be the liquidity provider on this exchange, so we can assume there will be no fake volumes for the GOLD token pairs on Bitforex.

I disagree with you. More exchanges means more exposure to the market, more liquidity & more volume. Bitforex is widely used by the asian crypto traders so I wouldn't jump the gun on this one calling it a washtrading exchange. GOLD is a stablecoin so I don't mind it being listed on as many exchange as possible, be it decentralized, centralized or shady. After all it is a cryptocurrency that traders can do whatever they want with.

Continuation of the article on steemit about how you can use GOLD tokens, as well as save your money from inflation
https://steemit.com/erc20/@digitalgoldcoin/ways-to-use-gold-tokens-part-2-protecting-your-assets-from-inflation-with-minimal-volatility

For a project that relies on its (heavily circlejerked) credibility, the massively (99%) washtrading shit exchange Bitforex is a strange choice.
It's like selling a Lambo at Joe's Used Car Lot.

It is true that tokens that will be listed on Bitfrorex are always airdrop and trading contests. I am sure that Biforex is the best way to introduce GOLD tokens to traders to get closer, I appreciate the delay, and this is a good decision.

Thank you very much for this fast and detailed answer OP.

I think I messed something up and this rumor which I have heard in Telegram was about listing on Bitforex and not Bittrex or the person I was talking with messed up these two exchanges because of the similarity of the name, I assume. Anyways, this is great news to hear about Bitforex listing and I will be happy to share it in my local group.

This is big achievement taking into consideration how other new coins are struggling with exchange listings. Digital Gold just started and already is listed and expand very fast.