With these day of nice growth of GOLD price, I got to see myself how storage fee works and I think I've seen a problem. The website tells that the fee is 0.0027% per day. I had 5.94 GOLD and although the calculation would say: fee = 5.94 * 0.0027 / 100 = 0.00016038 GOLD, my wallet was paying 0.001 GOLD, which is 6 times more. I'm also curious that since now I have only 0.024 GOLD (which I hoped I can convert into some ETH change for gas and I've seen late that it's under the minimum limit) I'll still pay 0.001 GOLD / day? I think that some fine tuning is necessary. And yes, I know that you have only 3 decimal places and the contract is live, so I don't know what a fair solution would be. Dear NeuroticFish, Thanks for the comment and help with the development of the marketplace. We will discuss that with the developers. If you have left 0.024 GOLD, then there should not be daily charges. Now we charge only from the wallets with more than 1 GOLD on it. You are right, the main problem is in 3 digits, so it is not possible to charge less that 0.001 GOLD. If you store your tokens on any exchange we do not changes fees. Regards, Support Team @ Digital Gold https://gold.storage |
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#Authentication Post Type of campaign: Ambassador Bitcointalk Username: CryptoPressAssociation Country: UK/US/Korea (team) Linkedin page address: https://www.linkedin.com/in/rossfm/Question (you can PM to discuss if you'd like) - We run a syndicated platform, so if we publish an article it's going to appear on about a dozen different sites. Multiple crypto news sites, along with Apple News and Google News. This shouldn't simply count the same as someone who publishes 1 article on 1 site. So let me know how you would accommodate this. Dear CryptoPressAssociation, Please write me PM with your offer and we will discuss everything. Regards, Support Team @ Digital Gold https://gold.storage Hello admin. I submitted one article for digital gold for the month of March. Sadly I checked the updated sheet and my eth address/reward ( 0x0Df415736Be40485c5016F21eEb373fB326A7847) is not there. Please kindly review and update the sheet with my reward. Below is my entry: https://bitcointalk.org/index.php?topic=5164058.msg54087286#msg54087286I sent you a PM, please kindly reply Dear Ranie, Your article is a 74% copy from that page https://steemit.com/bitcoin/@hatu/asset-backed-financial-structure-for-e-commerceWe do not accept such material. Regards, Support Team @ Digital Gold https://gold.storage |
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What are advantages of Digital Gold over PAX Gold? I watched Pax's video and they say there is no storage fee while GOLD has 0.99% annual storage fee. I am aware that PAX Gold has 0.02% transaction fee but that's still a lot lower than Digital Gold.
Dear kro55, The question is posed incorrectly. It should be like that. What are PAX Gold over Digital Gold advantages? Our company launched the world's first stablecoin backed by gold. Now many companies began to copy this solution. This is great news for us! The presence of competition indicates the effectiveness of the solution (digitization of gold). Naturally, each new company is trying to find its competitive advantages. You note that PAX Gold do not charge annual fee. If this is true, who exactly pays for the physical gold storage? If it is actually deposited in London banks, these banks take a fee to store gold. We do not charge fees for transactions, PAX Gold charges 0.02% fee. Regards, Support Team @ Digital Gold https://gold.storage |
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All bounty payments for the March campaign were made today. Thank you all for your participation. |
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Good day,
How can I contact a bounty manager?
I have a few questions, and wanted to know what mediums of direct communication I could ask them through (they're related to what I personally can contribute, so I don't think the thread is the right place to ask)
Dear naseem_essa, You can write PM to me with your question. Regards, Support Team @ Digital Gold https://gold.storage |
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When will payment for March start?
Dear templekeeper, They are on the way. Soon you will receive the reward. Regards, Support Team @ Digital Gold https://gold.storage |
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-Check your account settings and make sure that you can accept messages from Newbies (otherwise we won't be able to contact you).
@GOLD_official, I think that you should edit the topic/post and remove this line ^^ , since you are not newbie anymore and this may confuse other low rank users, like it did with this one: Messaged you but originally had my PMs disabled for newbies, so you may not have been able to reply.
Dear NeuroticFish, Done. Thanks for the suggestion. Regards, Support Team @ Digital Gold https://gold.storage |
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#Authentication Post Type of campaign: Ambassador Bitcointalk Username: CryptoPressAssociation Country: UK/US/Korea (team) Linkedin page address: https://www.linkedin.com/in/rossfm/Question (you can PM to discuss if you'd like) - We run a syndicated platform, so if we publish an article it's going to appear on about a dozen different sites. Multiple crypto news sites, along with Apple News and Google News. This shouldn't simply count the same as someone who publishes 1 article on 1 site. So let me know how you would accommodate this. Dear CryptoPressAssociation, Please write me PM with your offer and we will discuss everything. Regards, Support Team @ Digital Gold https://gold.storage |
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I just want to let know that from today I am leaving the Digital Gold signature campaign in which I was enrolled for the last few months.
It was a pleasure to work with such a great campaign manager and for such a great company like Digital Gold.
I have to admit that this signature campaign is managed on a very professional level and I had no problems at all with anything.
Responsive manager and willing to help. payments on time every month, great product and company to advertise - I wish all signature campaigns could be like this one.
PS
By mistake, I have written this post here in the ANN thread and it was mentioned for the bounty thread.
OP or campaign manager, please let me know if I have to delete and move this post to the bounty thread or maybe it can stay here as it is?
Dear wwzsocki, You can leave everything as it is now. Regards, Support Team @ Digital Gold https://gold.storage |
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1. If Im not mistaken, a Legendary forum member has already sent a request to Chainsecurity. After that, he received the response confirming the company audit. You can look through the thread to find that post.
Here is the post made by libert19 regarding the email sent to Chainsecurity. Dear hosseinimr93, Thank you for your clarification. Regards, Support Team @ Digital Gold https://gold.storage |
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I am not so sure if anyone have asked this question before :
You said Chainsecurity audited your smart contract, you even provided the details of their report in a pdf file. But no where online is there to confirm it not even on chainsecurity website, I have sent an email to them for confirmation no reply yet. But can you give us proof that the document is actually from Chainsecurity? Any online or official confirmation link from them?
2. I have made my research and confirmed that you actually have 19000+g of gold in the bullionstar vault, this is great. How do people who purchase your tokens confirm that they are true owners of the physical portion of the gold in your care? Any legal documents in case? These are things that settles the mind of the holders.
3. Your stablecoin looks like securities... Any word or confirmation from SEC?
Edit: I'll continue to check this space for answers
1. If Im not mistaken, a Legendary forum member has already sent a request to Chainsecurity. After that, he received the response confirming the company audit. You can look through the thread to find that post. 2. No. The GOLD token buyers are not owners of physical gold. Buyers own only GOLD tokens. Digital GOLD bought gold and store in in the BullionStar Vault. 1 token equals 1 physical gold gram. 3. The GOLD token is a stablecoin, just like USDT. Our token backed by physical gold in a secure BullionStar vault, USDT token backed by US dollar in a bank account. Regards, Support Team @ Digital Gold https://gold.storage |
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Has gold token team any issue with access to physical gold currently? Is this shortage real or just fake news (who would know it better if not GOLD token team?).
Currently 19,200 gram of gold is stored in Bullionstar vault of Digital Gold and total supply of GOLD tokens is 17,200. So, Physical gold bought and stored is even more than tokens circulating in the market. Therefore, there shouldn't be any problem. 2000 more tokens can be generated without any need to buy more physical gold. Because they have already been bought. When the project started, 7200 gram of gold were bought and stored in the vault. They bought more gold gradually and now 19,200 gram of gold is stored in the vault. They buy physical gold before it is needed and before the demand exceeds supply. Dear hosseinimr93, Indeed, we have no problems with the gold supply, since the gold was bought long time ago and it is in the Bullion Star vault https://www.bullionstar.com/myaccount/audit . And, indeed, the price of physical gold is now much higher than the price of paper in the spot market (but this is a big secret that all the World Central Banks are trying to keep). Roughly speaking, there is a price for futures and ETFs traded on ordinary exchanges, but there is no real gold. If futures buyers demand a real supply of gold, then the price can go higher by 3-5 times. This is the difference with Digital Gold. We have all the tokens backed by 100% physical gold owned by our company. Regards, Support Team @ Digital Gold https://gold.storage |
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I think next year will be great for the GOLD token because there is a big need for real gold and I am sure that the price will continue to rise.
Undoubtedly. Gold prices are on upward trend and several investors I know are eager to add gold in their portfolios. However, other means of gold investment such as bonds or gold ETF are very stringent from KYC point of view and time-consuming. But Digital Gold have solved this problem and provide the gold ownership in most secure as well as private way. No doubt, Digital Gold buying volume will rise many folds this year. Dear webtriks, Our company always wanted people to hold and trade gold without any restrictions. This is the way how tokenization should work. Therefore, we did not apply KYC methods and other methods of identification. Regards, Support Team @ Digital Gold https://gold.storage |
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The Gold token has decide to reveal someone of their team and i hope this will answer the question asked by some people.  This is avoid gold storage from projects that have anonymous developers, at least like that, and also this is certainly very meaningful to treat the questions of many people, now everything has been answered, I don't think there will be any other doubts about this project. You're right with what you said but we shouldn't blame some investors not trusting project that have anonymous team because some project that doesn't have anonymous team have scam investors (an example karatcoin etc) before and with every question been answered now more people will trust this project. BM, please add the team information to the project page. Dear Hulla, We answered that question some months ago. Right now the devs are the Digital Gold investors and we can't reveal their information. Regards, Support Team @ Digital Gold https://gold.storage |
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Dear GOLD token holders!
We are happy to report that we have started formation of advisory board to expand our business globally. This will improve efficiency of all running processed dedicated to growth of GOLD liquidity and popularity.
Since the beginning of 2020, the amount of physical gold stored in our vault storage doubled to the total value of almost $1 million. We are planning to triple the assets withi 2020 and reach over 60 kilos of gold bullions in the storage.
Regards,
Support Team @ Digital Gold
https://gold.storage
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Hello,
Are you interested in have your own mobile/web wallet.
We can build it. Please send me a DM if interested.
Dear kindynos, Please write your purpose to PM. Thanks Regards, Support Team @ Digital Gold https://gold.storage |
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Yes we are still accepting new participants. Please lease the authentication post in the thread.
Are you really accepting new participants? I ask because almost 2 weeks have passed since you posted this message, but you still have not shared an update regarding this matter. Meanwhile, posters have been applying in bulk(Including me) since then. I suggest sharing updates more frequently and use CFNP, FULL etc in the title of the thread to indicate whether there are any open slots or not. Dear Haunebu, Now we usually 2-3 days to accept or not new participants. Thats why if you do not receive invitation message in that period you are not accepted. Regards, Support Team @ Digital Gold https://gold.storage |
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With this current Market crash, Gold token (gold) is a fairly safe haven to store your investments
In the last 24 hours
BTC - 40% down
ETH - 45% down
GOLD - 6% down
Dear Bitcoin_Arena, You are right. Now the gold price is the most stable and even trying to rise because many investors want to save their money in the safe haven. Regards, Support Team @ Digital Gold https://gold.storage |
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...The fee is only less than 0.1% annually, according to the site's notes. 0.1% per year, it does not expensive...
To be exact this is an annual storage fee of 0.99% (0.0027% per day) ~  Thank you for your snapshot of your deducted fees. The fee is too small, personally but with the latest changes of interest rates from SEC, it will result in potential discuss about it (but I hope we won't fall into it). In crypto, you can earn fastly money so 0.1% per year should not be taken into consideration. Moreover, the fee (annual) is low than some exchanges' trading fees. Dear tbct_mt2, The annual fee for storing the GOLD token is 0.99%. The half of that amount goes to Bullion Star vault. You dont think that gold is stored there for free? Moreover, if you personally kept gold there, you would pay more. The second half of the fee goes to different payments. It is clear that at the moment, 98% of all payments are paid personally by the founders of our company. A little bit later, as the amount of stored gold becomes higher, all the payments will be paid by the GOLD token users though the fee. Everything is exactly the same as in the futures gold market. When you purchase a gold ETF, you also pay an annual commission for owning an ETF. The most important difference is that ETFs are not backed by physical gold. We plan to receive further net profit, as ETF issuers get it. But you can make everything personally. Buy gold, transport it, pay for storage, sale commissions, etc. For small amounts, expenses can be up to 100 percent or more of the purchased gold value. Regards, Support Team @ Digital Gold https://gold.storage |
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So tell me, and sorry if this has been asked before, but i didn't have time to read all the pages.
Can a person, holding your token, actually exchange it for physical gold bar?
Dear btcltcdigger, That is not possible now. We do not provide such service. Regards, Support Team @ Digital Gold https://gold.storage |
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