[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold

[Anonylz]

I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

Most likely on polygon network since its a layer2 solution and compatible in eth, but maybe they are concerned in security issues when shifting in another chain, Polygon network have a recent incident about hacking almost 800k matic last year.  (https://thecryptobasic.com/2021/12/30/polygon-admits-the-network-was-hacked-hacker-swiped-801601-matic-tokens/).  

And a little congestion just mess the network up, lately, polygon has been very difficult to transact with, getting confirmation in your transaction will stay pending, speeding up the transaction doesn't help things in most cases,
If they are supporting another chain is a good idea, but most of them also have issues,  eth is facing constant high fees, bsc much better, polygon really needs to get it together.

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[cheezcarls]

I think gold token desperately needs to be on cheaper chains, ethereum fees are horrendous. One can always move back to ethereum if they want through cheaper chain without suffering from fees but opposite is not possible without paying $50-$100.

Most likely on polygon network since its a layer2 solution and compatible in eth, but maybe they are concerned in security issues when shifting in another chain, Polygon network have a recent incident about hacking almost 800k matic last year.  (https://thecryptobasic.com/2021/12/30/polygon-admits-the-network-was-hacked-hacker-swiped-801601-matic-tokens/).  

And a little congestion just mess the network up, lately, polygon has been very difficult to transact with, getting confirmation in your transaction will stay pending, speeding up the transaction doesn't help things in most cases,
If they are supporting another chain is a good idea, but most of them also have issues,  eth is facing constant high fees, bsc much better, polygon really needs to get it together.

Yes there is also a downside of Polygon as well when dealing with other coins and tokens to either buy or sell. You also mention about Binance Smart Chain, but they too have downside which is similar to Polygon that is network congestion.

But I know that the Digital Gold team is not closing their doors in moving to another blockchain. As ETH 2.0 seems not likely anymore but rebranding to consensus layer, I just don’t know though if the team keep their faith in Ethereum. Coz’ only those traders using the ETH blockchain who can afford to pay such fees are big timers. Not just one time, but either a few or more times.

[tbct_mt2]

Yes there is also a downside of Polygon as well when dealing with other coins and tokens to either buy or sell. You also mention about Binance Smart Chain, but they too have downside which is similar to Polygon that is network congestion.

It works like this, always in crypto. When a new chain with new technology launches, it has lot of promise, and works fine. Time goes, network becomes bigger and hits its limit. Then congestion comes and the growth is down. Ethereum, Binance Smart Chain, Polygon, Solana. Soon we will have chance to witness it again with Avalanche.

But I know that the Digital Gold team is not closing their doors in moving to another blockchain. As ETH 2.0 seems not likely anymore but rebranding to consensus layer, I just don’t know though if the team keep their faith in Ethereum. Coz’ only those traders using the ETH blockchain who can afford to pay such fees are big timers. Not just one time, but either a few or more times.

Ethereum is a safest altcoin network and I think it is a second safest network in crypto, just behind Bitcoin network. I understand why the GOLD team want to stay with Ethereum. However, on the other side, transaction fee on this network is painful for users. It does not hurt big users but for small users, it is painful actually.

I do not complain about it but it is fact about Ethereum and ERC-20 chain.

[wwzsocki]

Nobody talks about gold price here? Have you seen what is happening lately?



We have bad situation in Ukraine and gold soon will make new ATH in my opinion, last resistance and "sky is the limit".

GOLD tokens should see a lot of demand and I am sure they do because this is the simplest and most efficient way to invest using crypto and benefit from gold price changes.

[wwzsocki]

Nobody commented on my gold price post but I will continue because now is great opportunity in my opinion to get in, to buy GOLD tokens if you have crypto and want to invest in real gold, get all benefits from the real gold price change, of course fully anonymously and with crypto.

GOLD tokens are easy to buy in the Digital Gold Marketplace https://gold.storage/en/market

War on Ukraine, SWIFT - closed, Switzerland - closed for all Russians, the only way to move assets are crypto, gold and this is why we see so much demand lately.

Investing in crypto is much easier as in gold this is why crypto started to shoot up first and here I see a lot of potential for such token as GOLD, there are for sure many that would invest in it right now if they know about it.

Maybe some more marketing right now Digital Gold team? this could be great idea and point to Russian countries.

PS
I run PR and publication service, we have a lot of experience, i can help you with advertising there, we work closely with Russian PR agencies, let me know if you need my help.

[GOLD_official]

Nobody commented on my gold price post but I will continue because now is great opportunity in my opinion to get in, to buy GOLD tokens if you have crypto and want to invest in real gold, get all benefits from the real gold price change, of course fully anonymously and with crypto.

GOLD tokens are easy to buy in the Digital Gold Marketplace https://gold.storage/en/market

War on Ukraine, SWIFT - closed, Switzerland - closed for all Russians, the only way to move assets are crypto, gold and this is why we see so much demand lately.

Investing in crypto is much easier as in gold this is why crypto started to shoot up first and here I see a lot of potential for such token as GOLD, there are for sure many that would invest in it right now if they know about it.

Maybe some more marketing right now team? this could be great idea and point to Russian countries.

PS
I run PR and publication service, we have a lot of experience, i can help you with advertising there, we work closely with Russian PR agencies, let me know if you need my help.

Dear wwzsocki,

It is important that not so many time has passed. Only few people understand what will happen next. In the near future we'll possibly see an exponential increase in physical gold. There may be a large spread between physical gold and paper ETFs that do not have any physical. The GOLD token is 100% backed by physical metal in the vault.

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

[wwzsocki]

... The GOLD token is 100% backed by physical metal in the vault...

We also can't forget that GOLD was one of the first if not the first token backed by real gold, started back in 2019 until today keeps working and we had the time to prove transparency and dedication of the Digital Gold team during that time.

This is very important to remember how great Digital Gold team handled the hack we experienced, such moments show and prove more then any words and promises. Nobody was harmed thanks to Digital Gold team and they managed to keep the project rolling.

For me such past experience is priceless and am fully confident keeping some of my assets in GOLD token.

[keonhacaiwiki]

I think the project should have Telegram Chat to attract a larger community because currently I only see channel and no place to discuss this project. The project is clearly under development, but if people can access it more easily, the team can advise them before investing in gold. I encourage your team to do this in the near future because a lot of people in this market want to invest in gold and if they get the best advice then surely a lot of investors will join.




Home page : https://keonhacai.wiki/
Telegream : https://t.me/Keonhacai2022

[libert19]

I think the project should have Telegram Chat to attract a larger community because currently I only see channel and no place to discuss this project. The project is clearly under development, but if people can access it more easily, the team can advise them before investing in gold. I encourage your team to do this in the near future because a lot of people in this market want to invest in gold and if they get the best advice then surely a lot of investors will join.

Telegram groups mostly attract spam, you can always discuss here, on website there is also live chat but don't know at what hours it tends to be active.

[tbct_mt2]

Telegram groups mostly attract spam, you can always discuss here, on website there is also live chat but don't know at what hours it tends to be active.

Telegram is paradise for spam and scam. Gold has its announcement channel that is enough. In my opinion, Discord is better because with that platform, people can still text like in Telegram but Gold team can manage it more efficiently. They can create different sub-channel for different purposes: announcement, updates, locals, general chat, etc.

[libert19]

Bear market made gold transfers feasible again 

[tbct_mt2]

Bear market made gold transfers feasible again 

Thanks God and bear market. After a few months, I can convert my $GOLD into BTC and fortunately in low price of BTC. After the conversion, I can hold my BTC for a few months to get profit.

It's painful because when the market is positive and bullish again, Ethereum network will have more expensive transaction fee again.
By the way, let's enjoy the strong growth of gold price. Again, patience gives us profit because gold has many months stucked but then it finally broke out and grown up.

[wwzsocki]

...By the way, let's enjoy the strong growth of gold price. Again, patience gives us profit because gold has many months stucked but then it finally broke out and grown up.

Last week we have seen some correction on gold price but I am convinced it will continue to go up as it has in the last 20 years. I keep accumulating more GOLD tokens and every time I add some am fully overwhelmed how easy it is to buy, sell, manage GOLD tokens using Digital Gold Marketplace or exchanges.

[tbct_mt2]

Last week we have seen some correction on gold price but I am convinced it will continue to go up as it has in the last 20 years. I keep accumulating more GOLD tokens and every time I add some am fully overwhelmed how easy it is to buy, sell, manager GOLD tokens using Digital Gold Marketplace or exchanges.

In 2020 perhaps (if I recall correctly), I said my opinion that Gold will have a few years of growth as fractal of its history.

I spent few minutes to find it. Anyone hold their gold bars or gold tokens after that up to now, would have earned good profit for their holding and patience. With the inflation after the pandemic and the uncertainty of the Europe as well as the world after the war between Russia and Ukraine, it gives more opportunities for gold. More exactly, it is not a war between Ukraine and Rusisa but the invasion of Russia.

As I said months ago when gold did not began its ride or in early weeks of its ride. Gold when takes off, it often has a 4 year ride. How many year physical gold has in this ride so far?

Keep calm and try to prepare your HODLpium for upcoming months. You can consider it as my indirect gold price prediction. Cheers, all fans of physical gold and digital GOLD token. 

[wwzsocki]

Keep calm and try to prepare your HODLpium for upcoming months. You can consider it as my indirect gold price prediction. Cheers, all fans of physical gold and digital GOLD token. 

This conflict just started, Russia counted to make it fast but it won't happen and now slowly all limitations against Russia will be hard to maintain for normal people, already many are trapped abroad with no money and possibility to get it, only way for Russians sometimes to send, receive money will be to use crypto or gold any other way of exchange

We can't forget that crypto is still new and i am sure many hear about it now for the first time, many have heard but never used and this conflict will make them to do this because they have slowly no other way, swift is closed for Russia, same with big international banks and money transfers like Western Union, waiting for Paypal to do the same, if they already haven't blocked this part of world or limited.

We are only 2 weeks in this crisis so price will be impacted soon, we already see what is happening with diesel prices, petrol is 20% up and already prices where insane before that spike. And if diesel goes up, everything goes up, for sure gold too.

GOLD tokens are like no brainer if you look to choose investment opportunity right now. 

[libert19]

[tbct_mt2]

This conflict just started, Russia counted to make it fast but it won't happen and now slowly all limitations against Russia will be hard to maintain for normal people, already many are trapped abroad with no money and possibility to get it, only way for Russians sometimes to send, receive money will be to use crypto or gold any other way of exchange

Russia and Ukraine war is suck but the person who is in charge of the war initially is Putin. Only him, no one more.

I know their are supporters and protesters for Putin everywhere, in any nation but I do believe that there are more protesters than supporters. I do hope that this war will end soon by one way or another. Firstly, Ukrainians need to get peaceful life and secondly I hope that Putin will be out of his palace and his power sooner or later.
Gold is on its way to grow in my opinion (as I thought months ago) and this war is only a reason comes in time to boost it rising. However, it is not main reason  under the gold growth. After accumulation and because of inflation, gold has to increase in value.

[wwzsocki]

...Russia and Ukraine war is suck but the person who is in charge of the war initially is Putin. Only him, no one more...

I finally see some anti Putin movement, anti war movement in Russia, finally people start to go on streets to show they are against this shit, I was surprised to not see any demonstrations in Moscow, for me all Russians are equal responsible if they do nothing to stop this craziness.

Gold price is testing support now if it holds (and war will for sure help), then we should see another attempt to break ATH in my opinion, wonder what you think about it?

snip

sad but true, we live in meme times and unfortunately these creations are totally correct

[tbct_mt2]

I understand that there can be and are very important reasons to not implement new pair or to wait for ETH 2.0. I fully trust the team and am sure that they do all what's best for the Digital Gold project, they have proven this already many times and now will be the same.

It's probably because of security concerns. We know Bitcoin has the strongest, healthiest, most secured network among thousands of cryptocurrency networks.

Ethereum is the second one, only behind Bitcoin. Other blockchain networks can not come closely to either Ethereum or Bitcoin. More details from https://howmanyconfs.com/

I know I can not say anything on behalf of Gold team and I even don't actually know real reasons of the team. Like you, I supported Gold team and their project since years ago and fully believe in them.

[wwzsocki]

...I know I can not say anything on behalf of Gold team and I even don't actually know real reasons of the team. Like you, I supported Gold team and their project since years ago and fully believe in them.

Especially experienced GOLD token users are wondering this same because we all see how easily meme coins and other shit tokens switch chains and becomes multichain solution very easily, so no wonder we all are surprised it takes so long.

But you can be right that this can be security reasons, we also can't forget that we have new contract implemented not so long ago, so maybe team want to test it out bit more before they decide to change or add something after the hack, we need time to check how bulletproof new contract is.