That's the Ethereum burn address.
It's essentially an address which nobody has the private keys to, and is used to burn tokens or ethereum, reducing the circulating supply.
Some ERC20 smart contracts have a function that will automatically burn tokens at fixed period, potentially forcing holders to perform a mainnet swap when the option is available.
It also stops testnet tokens being traded when the new mainnet coin is out. Overall, whatever was sent isn't coming back out.
Topic: Token been sent to 0x0000000000000000000000000000000000000000 (Read 427 times)
It is a burning token address, we think that nobody generates a private key from the address because it is highly unlikely, but only imagine what would happen if you were the lucky one. 
This problem has already fixed and the gold has been making it automatically sent to the burning address. It's similar to a tax that has already applied to the holders too. I think we can't discuss it again anymore.
It is a burning token address, we think that nobody generates a private key from the address because it is highly unlikely, but only imagine what would happen if you were the lucky one.
I'd say that it's probably some sort of bonus to attract exchanges into listing GOLD. And this would mean that GOLD team would pay the storage fess for the involved GOLD from their pockets / revenues.
If I remember correctly, GOLD team did said something about there must be an upkeep fee for GOLD holders but why keeping GOLD on an exchange don't invoke this fee tho? So how the exchange would pay for our GOLD upkeep?
I'd say that it's probably some sort of bonus to attract exchanges into listing GOLD. And this would mean that GOLD team would pay the storage fess for the involved GOLD from their pockets / revenues.
The steps you have to do is check your wallet, you can ask family, friends, girlfriends who have used your wallet, if they never open your wallet, you better empty your wallet by sending a token in the old wallet to a new wallet, to anticipate it will never happen again.
It was probably sent by a smart contract to the burning address. 
But, I thought that it is not possible to send it from the wallet you don´t have a private key, I thought that you can burn only tokens that are in your wallet from which you have a private key.
But, I thought that it is not possible to send it from the wallet you don´t have a private key, I thought that you can burn only tokens that are in your wallet from which you have a private key.
It has not happened to me, but someone has an access to my account which she/he would send valuablle tokens to an specific eth address without my knowledge that is why I shifted to another wallet address account. Actually to of my eth wallets add have been already compromised (myetherwallet and Imtoken) that is why now I am using TrustWallet. If you don't lose any assets in your account maybe it was just a bug or something cause I don't think that there is such a wallet address.
I also never experienced that sending to that address. Is that address that sent to burn tokens or something? Hoping your private keys are not compromised by other people or else it's game over. Maybe you should contact GOLD support to have a clarifications on what on earth happened to your tokens and only them can give you explanation to that sir. Hoping it will be solve as soon as possible.
Have you ever experience that your token or coin are sent to 0x0000000000000000000000000000000000000000
address without your knowledge?
address without your knowledge?
As a promoter of GOLD token, you should have done your homework better.
@Bttzed03 has posted the relevant things and indeed, it's the daily fee you pay for the storage of the actual gold and it's probably coded in the contract of the token and done automatically. So don't worry, nobody is accessing your key.
I would add that exchanges don't pay this fee so if you want to HOLD and don't want to pay the fee, you can take the risk of keeping the tokens at an exchange.
OP that wallet address is not an active ethereum address, whatever coins that was sent to such address can't ever be recovered again, I suggest you stop using that wallet and get another, maybe someone already had access to your key, who knows?
obviously not a correct eth/token address .
also i dont think someone control his account because he said he was done who done the transaction but let say it was hacked , what will be the purpose of hacker sending the coins on that address .
just to make harm from the users ? this is why i always check carefull before i copy , paste and send if the address were correct and not different .
OP that wallet address is not an active ethereum address, whatever coins that was sent to such address can't ever be recovered again, I suggest you stop using that wallet and get another, maybe someone already had access to your key, who knows?
From the look of things, no one had access to your account because if the account is under the influence of someone else the person would have moved all assets but that wasn't the case. Therefore I think it might be from that particular token, maybe there is smart contracts settings which makes sure any transaction you carry out leads to burning of a certain amount of the token therefore reducing supply; the address is mostly used for burning tokens. I also suggest you ask the team if there is anything like such.
The Op problem is why is this tokens sended to that address without his knowledge , the only persons who can answer this I guess is the project owner .
Two things some one have access to your keys or this is part of the tokens settings when they make it.
Have you ever experience that your token or coin are sent to 0x0000000000000000000000000000000000000000
address without your knowledge?
In my experience someone maybe inside my etherwallet have move my token to this address,
i mean whose fault is this, but my other coins where not even touch,
here is the image,
In some post i saw people posting that they accidentally sent it to an empty address
but in my case i never open my account, have this happen to anyone?
what are are the precautions you have done
Let's accept the fact that someone had access to your wallet but that address the token was sent to is not real, no one owns that address backup or key, I've seen projects that sent tokens to such address to limit their tokens max supply address without your knowledge?
In my experience someone maybe inside my etherwallet have move my token to this address,
i mean whose fault is this, but my other coins where not even touch,
here is the image,
In some post i saw people posting that they accidentally sent it to an empty address
but in my case i never open my account, have this happen to anyone?
what are are the precautions you have done
From the look of things, no one had access to your account because if the account is under the influence of someone else the person would have moved all assets but that wasn't the case. Therefore I think it might be from that particular token, maybe there is smart contracts settings which makes sure any transaction you carry out leads to burning of a certain amount of the token therefore reducing supply; the address is mostly used for burning tokens. I also suggest you ask the team if there is anything like such.
February 14, 2020, 05:43:32 PM
it's best to ask the devs themselves regarding this so that it will resolve your worry.
They said that its a tax or something per day, the bad thing to me is that I dont see the coin in my wallet but if you look in my etherscsn you will see the coin, there so if this goes on until the next month its keep on burning , everyday since I can't convert it, already talk to them im just waiting for the replyNow, it's time for them to give you the assurance that you will have the peace of mind and there's must be a resolution to this problem that's existing on your wallet. I also suggest you to close this for the meanwhile and wait until they give you the next answer.
February 14, 2020, 04:56:43 AM
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That doesn't make sense if the fees should be applied on a daily basis. It's unfair to the token holders.
Well, it's pretty clear in the WP that they will charge 1% annually which the OP failed to read. It seems he also refuses to believe the references I've already posted judging by how he is still waiting for confirmation and why he isn't locking the thread yet. That doesn't make sense if the fees should be applied on a daily basis. It's unfair to the token holders.
Whether it's unfair or not is another matter, I have a good grasp of why they do that but I won't speak for the team. you can question them directly or you can also read the WP.
February 14, 2020, 03:47:50 AM
That doesn't make sense if the fees should be applied on a daily basis. It's unfair to the token holders.
This may be debatable. Indeed, for a small investor this may look bad/unfair (although in theory the price of gold should rise enough vs fiat to cover this), the gold has to be stored somewhere and that storage costs money.
For a big investor it is clearly a good business because he will not have to care about the storage and insurance.
Of course, they may have been able to find another ways to gather money (fees?) to cover these costs, but ... isn't the holders who cause the bigger amounts of gold need to be stored? Wouldn't be even more unfair to increase various transaction/transfer fees (on which they also have less control)?
The more interesting part is that exchanges are excepted from this fee rule, but I would not entrust exchanges for long-term holding my assets.
Do you read post above you?
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@OP I think its been overlong discussion already and many just using your thread to spam and keep repeating same response. Might locked the thread already.
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@OP I think its been overlong discussion already and many just using your thread to spam and keep repeating same response. Might locked the thread already.
Indeed, the increasing number of very low quality "answers" from people not reading/following the thread and the fact the original question was already answered properly indicates that the thread should be locked.
February 14, 2020, 03:46:32 AM
Are you sure you didn't do this? Because only private key holders can move tokens to other addresses. You need to double check your security as I suspect that your private key has been stolen and you may need to change to a new address to keep this situation from happening
Do you read post above you?https://bitcointalksearch.org/topic/m.53828218 this post has answered all OP confusion.
If you read this then you understand why there is need a payment or automatic deployment of fees on his address.
Dear akirasendo17,
Answered you in PM. This is a daily fee for holding gold token. The contract automatically take it from your wallet. https://gold.storage/en/fee
Regards,
Support Team @ Digital Gold
https://gold.storage
Also it is indeed followed up by the team that there is a daily fee for holding their gold tokens. Now its up to OP to decided either sell it or not cause there is provision to what Gold Project stated.
@OP I think its been overlong discussion already and many just using your thread to spam and keep repeating same response. Might locked the thread already.
February 13, 2020, 11:51:32 PM
they never know my keys , have someone experience this in gold campaign?
I have ever experienced with this thing and you should audit the contract code that already published by the gold storage. I just think if there might be a backdoor that has already put by the team to control the token even if that address owned by another person.As far as i know, if bancor was doing the same thing and the team of bancor has been also putting the backdoor to control the holder's token. The team can send, burn or even freeze my token in my wallet. I just hope if someone can audit smartcontract of gold and i believe there was a backdoor that has already created by the team.
If you read what @CryptopreneurBrainboss said, the next logical thing to do is to either asked the team directly or simply visit the whitepaper of gold token. They actually charge Gold holders of what they call as "service cost"
Here's another one from the website:
If you don't want to have these charges, don't be a holder. Sell it.
Note that this does not apply on other tokens so don't expect others who doesn't have a Gold token to have a similar experience. Unless they hold tokens that were coded similar to Gold.
I think it's time to lock the thread.
That doesn't make sense if the fees should be applied on a daily basis. It's unfair to the token holders. Quote from: https://gold.storage/wp/White_paper_en.pdf
To make the project sustainable, a service cost has been implemented. As such,
GOLD token users can expect to have a small percentage of their holdings
charged on a daily basis. It is important to consider that the service cost is
designed to be either comparable, or lower than the fees associated with storing
gold at a depository or bank. Users can expect to pay a 0.99% annual storage fee.
GOLD token users can expect to have a small percentage of their holdings
charged on a daily basis. It is important to consider that the service cost is
designed to be either comparable, or lower than the fees associated with storing
gold at a depository or bank. Users can expect to pay a 0.99% annual storage fee.
Here's another one from the website:
Quote from: https://gold.storage/en/fee
Unlike cryptocurrencies pegged to US Dollar, Euro or other FIAT-currencies, your GOLD tokens cannot be expropriated or frozen while physical gold is held in a secure vault in a jurisdiction with strong property rights.. No hidden fees, free transactions between users and the lowest annual storage fee of 0.99% (0.0027% per day). Yearly storage fee is automatically charged from token holder's wallet by GOLD secure and audited smart-contract, based on Ethereum network, on daily basis.
If you don't want to have these charges, don't be a holder. Sell it.
Note that this does not apply on other tokens so don't expect others who doesn't have a Gold token to have a similar experience. Unless they hold tokens that were coded similar to Gold.
I think it's time to lock the thread.
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