Legitimate Gold-backed tokens? - page 2.

blockman

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Quote from: bgaf on June 27, 2020, 02:16:53 AM

Quote from: blockman on June 27, 2020, 01:59:21 AM

How about the gold project that we have in the forum? It's a stable coin which said backed up by gold. I haven't gone through the whole thing but they are one of the most active gold-backed project.
(https://bitcointalksearch.org/topic/ann-gold-first-100-liquid-stablecoin-backed-by-gold-5161544)

Ive seen this project for a long time and running for more than a year already and their token is listed on cmc. I think it is legit, when I visited the site, there are conversion of gold grams to digital gold happening but Im not sure if they can really get the physical grams of gold if they avail or the stock keeping some where under the hood of gold location or storage.

Yes, they are the 'digital gold'. Low in rankings but they have a higher volume than those altcoins that are in a higher rank.
(https://coinmarketcap.com/currencies/digital-gold/)

masterrex

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Aside from DIGIX, there is another platform that showing great potential, and it was the GOLD TOKEN issued and operated by DIGITAL GOLD LTD. a company incorporated in St. Vincent and Grenadines. each token that was minted is certified backed with 1 gram of pure Physical Gold 99.99 purity. and It was also audited by ChainSecurity one of the world's best in blockchain security. The GOLD TOKEN is also promoting transparency thats why anyone can access the real-time Gold deposit data at BulleonStar Vault base in Singapore. for more information just visit https://gold.storage/en/audits anyone can confirm the Physical Gold Deposit including its serial numbers of each PAMP Gold Cast Bars. GOLD TOKEN is an Ethereum ERC20 standard token and It's currently traded in the following exchanges:

https://gold.storage/en/market

https://cryptex.net

https://livecoin.net

https://www.bitforex.com

https://catex.io

https://coinsbit.io

https://coinmarketcap.com/currencies/digital-gold/

bgaf

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Quote from: blockman on June 27, 2020, 01:59:21 AM

How about the gold project that we have in the forum? It's a stable coin which said backed up by gold. I haven't gone through the whole thing but they are one of the most active gold-backed project.
(https://bitcointalksearch.org/topic/ann-gold-first-100-liquid-stablecoin-backed-by-gold-5161544)

Ive seen this project for a long time and running for more than a year already and their token is listed on cmc. I think it is legit, when I visited the site, there are conversion of gold grams to digital gold happening but Im not sure if they can really get the physical grams of gold if they avail or the stock keeping some where under the hood of gold location or storage.

nigelk

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There are tether gold, maybe it could be legitimate. Anyway, im not sure that we could fully trust in any gold backed project. So hard to proof it

blockman

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How about the gold project that we have in the forum? It's a stable coin which said backed up by gold. I haven't gone through the whole thing but they are one of the most active gold-backed project.
(https://bitcointalksearch.org/topic/ann-gold-first-100-liquid-stablecoin-backed-by-gold-5161544)

Abiky

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Besides Digix Gold tokens on the ETH blockchain, what other gold-backed tokens are legitimate on the crypto/Blockchain space? I've stumbled across many in the past, only to be a complete scam. Regulation is necessary here in order to provide investors with legitimate tokens that are backed by Gold powered by Blockchain technology. If renowned companies start offering Gold services on the Blockchain, it would've been truly revolutionary.
I'd like to know of other options to invest in Gold without actually owning it. Redeeming virtual Gold tokens to cash or physical bullion all using Blockchain tech, could prove to be extremely convenient for long term investors. Imagine being able to sell your Gold-backed token to physical Gold right from the Blockchain without middleman. It'll truly revolutionize the Gold industry. The middleman will only be responsible for shipping out the physical bullion, but transactions will be settled on-chain.

If you happen to know of any other gold-backed tokens besides Digix that are legitimate, please feel free to share it with me here. Any help, suggestions, or recommendations will be greatly appreciated. Thanks in advance.

Topic: Legitimate Gold-backed tokens? - page 2. (Read 216 times)