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

[GOLD_official]

I see this when entered Digital Gold Marketplace today:



Safety certificate expired or some error?

I think the Safety certificate has expired. I wrote to the developers to update.  Thank you!

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[wwzsocki]

I think the Safety certificate has expired...

looks like

it's not a big issue and I have seen it many times, still it can scare potential new users of Digital Gold Marketplace

I just made transaction using Marketplace and works with no problems as always.

https://gold.storage/market

[Buchi-88]

I think the Safety certificate has expired. I wrote to the developers to update.  Thank you!

The page is now working properly again. Thanks

[GOLD_official]

I think the Safety certificate has expired. I wrote to the developers to update.  Thank you!

The page is now working properly again. Thanks

 Yes, safety certificate was paid

[wwzsocki]

Yes, safety certificate was paid

Happy to see that Digital Gold team acts as always quickly and resolved safety certificate problem on the website.

In my opinion GOLD token is the best and most convenient way to invest and benefit from real gold price changes.

Let's talk about GOLD token price and how it will change short and long term?

[GOLD_official]

Maybe not about the price of a GOLD token, but about the price of gold 

[tbct_mt2]

Maybe not about the price of a GOLD token, but about the price of gold 

The price of gold is good in this chaotic time.

Today TerraUSD has been dumped more than 30% on the market. What happened with UST?
Is it really a stable coin?

Physical gold even moves up on the market last 7 days according to Gold.org. I know Gold has a correction weeks ago but it is still good enough because we don't see -40% or - 60% in gold.

[GOLD_official]

Maybe not about the price of a GOLD token, but about the price of gold 

The price of gold is good in this chaotic time.

Today TerraUSD has been dumped more than 30% on the market. What happened with UST?
Is it really a stable coin?

Physical gold even moves up on the market last 7 days according to Gold.org. I know Gold has a correction weeks ago but it is still good enough because we don't see -40% or - 60% in gold.

 This night, the maximum dumped in the UST token was 60%. UST is an algorithmic stablecoin. It is not 100% backed by assets.

[libert19]

[wwzsocki]

Keep thinking if some more marketing could not help bring more users to GOLD token?

We have promotion here on Bitcointalk ongoing and this is great for sure many users if not majority learned about Digital Gold team and GOLD token from this forum.

This is why I think that wider spread marketing campaign could bring a lot of fresh blood to the system.

Of course, in last days crypto market crashed so hard, that the best is to stay low and wait, still maybe worth to think about some advertising when people will start to buy the dip?

[GOLD_official]

Keep thinking if some more marketing could not help bring more users to GOLD token?

We have promotion here on Bitcointalk ongoing and this is great for sure many users if not majority learned about Digital Gold team and GOLD token from this forum.

This is why I think that wider spread marketing campaign could bring a lot of fresh blood to the system.

Of course, in last days crypto market crashed so hard, that the best is to stay low and wait, still maybe worth to think about some advertising when people will start to buy the dip?

Thanks for your comment. Like we’ve written before, the team is looking into different ways to make the GOLD token a part of a much bigger collaboration. We’re not in a hurry – for now we’re testing different markets and talking to various project teams.

For now we don’t have a precise timeline for launching a new large-scale product – but when (or if)  it’s launched, we’ll have a big marketing campaign to promote it.
Our goal isn’t to increase the number of users by 30-100%, but rather 10, 100 or even 1000 times.

[tbct_mt2]

This night, the maximum dumped in the UST token was 60%. UST is an algorithmic stablecoin. It is not 100% backed by assets.

I know. And they have plan to mint more tokens to support their UST in order to help it re-peg to USD. I don't know what it means if you consider it as minting money (token) from thin air and without assets backed behind. $1200 million will be minted to execute their remedy plan.

This melt down of UST and LUNA help people to be enlightened about what is real stable coin. Gold token is a kind of real stable because it is backed by gold bars physically stored in vault.

[libert19]

Gas fees spiked again and ethereum 2.0 is delayed, please bring token on alternative cheaper chains.

[GOLD_official]

Attention! The attack on the USDT stablecoin has begun. The chances of its success are much less than with the UST stablecoin. But who has open positions with a large margin, be careful

[tbct_mt2]

Attention! The attack on the USDT stablecoin has begun. The chances of its success are much less than with the UST stablecoin. But who has open positions with a large margin, be careful

With USDT and their peg mechanism, it can not be depeged if I don't miss anything.

The attack on USDT happened many times in the past and law suits against Tether too. I hope that again it is just another fud to dump the market. When market is bearish, fud, hack, law suits, lots of negative news will appear at the same time.

[cheezcarls]

I've tried trading GOLD yesterday, and I paid around $8 for ETH gas fees. But last month, I remember that the gas fees were over $25. To be honest, I would really love GOLD to be open for multi-chain support aside from relying on ETH alone because our main goal was to save as much fees as we can because ETH's gas fees are exorbitant whether we buy or sell it in their own internal marketplace.

And good thing that the safety certificate was renewed and settled, so it's all good.

Gas fees spiked again and ethereum 2.0 is delayed, please bring token on alternative cheaper chains.

Just to clarify that Ethereum 2.0 isn't delayed, but already ditched by Vitalik Buterin months ago. It will be rebranded to consensus layer instead.

See the source here: https://cryptoslate.com/why-did-ethereum-rebrand-eth-2-0-to-consensus-layer/

Attention! The attack on the USDT stablecoin has begun. The chances of its success are much less than with the UST stablecoin. But who has open positions with a large margin, be careful

With USDT and their peg mechanism, it can not be depeged if I don't miss anything.

The attack on USDT happened many times in the past and law suits against Tether too. I hope that again it is just another fud to dump the market. When market is bearish, fud, hack, law suits, lots of negative news will appear at the same time.

It's not the first time that USDT was de-pegged. But as of this time of writing, it's now at $0.999 in CoinMarketCap and it'll be just an inch closer to a solid $1.00 per USDT.

[wwzsocki]

Just to clarify that Ethereum 2.0 isn't delayed, but already ditched by Vitalik Buterin months ago. It will be rebranded to consensus layer instead...

ETH 2.0 is delayed already from long time - it should be partially launched/implemented

we should have some additional tools already and see the benefits from many technical developments but as we all can see this isn't the case.
I have seen it so many times that already by first delays I just knew "Houston we have problem" and red lamp started to blink

ETH price shows exactly what people think about it and only thanks to low prices we see lower fees, ETH lost a lot, they will never get it back, in my opinion this is just too big task to implement all what they wanted, to literally change how Ethereum operates at that stage with so many projects congested together - build on ETH

in my opinion ETH 2.0 this is "mission impossible" and to be safu they need time - we all know this is the only asset nobody have, especially in crypto

I agree that GOLD token needs another coin in the Marketplace and I suggest USDT (TRC20) , this is the most used coin on TRON - fast, cheap chain that is available/accepted everywhere, if not then BUSD/USDC - we need pair with stablecoin - this will be so much better and easier/cheaper to use.

I am sure Digital Gold team is working on this as we speak and soon we will have more pairs in the GOLD token Marketplace

[Leviathan.007]

ETH 2.0 is delayed already from long time - it should be partially launched/implemented
we should have some additional tools already and see the benefits from many technical developments but as we all can see this isn't the case.
I have seen it so many times that already by first delays I just knew "Houston we have problem" and red lamp started to blink
ETH price shows exactly what people think about it and only thanks to low prices we see lower fees, ETH lost a lot, they will never get it back, in my opinion this is just too big task to implement all what they wanted, to literally change how Ethereum operates at that stage with so many projects congested together - build on ETH
in my opinion ETH 2.0 this is "mission impossible" and to be safu they need time - we all know this is the only asset nobody have, especially in crypto
I agree that GOLD token needs another coin in the Marketplace and I suggest USDT (TRC20) , this is the most used coin on TRON - fast, cheap chain that is available/accepted everywhere, if not then BUSD/USDC - we need pair with stablecoin - this will be so much better and easier/cheaper to use.
I am sure Digital Gold team is working on this as we speak and soon we will have more pairs in the GOLD token Marketplace

Not sure about the Ethereum 2 launch date because as well as we know they delayed the launch date everytime and that's not something new about launch date of Ethereum 2.
But regarding the Marketplace and adding some new coins as new pairs for digital gold. I guess USDT is not a good option to be added because there are some regulation issues about using it, but in my own idea the digital gold team can consider adding other stablecoins such as dai so they won't have regulation issues, however, added new pair requires some liquidity and as far as I know that's not going to be free to the team.

[wwzsocki]

...stablecoins such as dai so they won't have regulation issues...

you are right, GOLD token needs truly privacy stablecoin and this is not so easy, still...

even another pair with LTC could be good addition for what we actually have or TRX, we need something that is cheap, trusted, fast, no KYC, congestions, other problems and both of them are also accepted everywhere, many times used as a medium of exchange in ATMs transactions, online services, shops

luckily lately ETH is cheap enough same with BTC transactions unfortunately we can't count that it will stay like this

[cheezcarls]

Just to clarify that Ethereum 2.0 isn't delayed, but already ditched by Vitalik Buterin months ago. It will be rebranded to consensus layer instead...

ETH 2.0 is delayed already from long time - it should be partially launched/implemented

we should have some additional tools already and see the benefits from many technical developments but as we all can see this isn't the case.
I have seen it so many times that already by first delays I just knew "Houston we have problem" and red lamp started to blink

ETH price shows exactly what people think about it and only thanks to low prices we see lower fees, ETH lost a lot, they will never get it back, in my opinion this is just too big task to implement all what they wanted, to literally change how Ethereum operates at that stage with so many projects congested together - build on ETH

in my opinion ETH 2.0 this is "mission impossible" and to be safu they need time - we all know this is the only asset nobody have, especially in crypto

I agree that GOLD token needs another coin in the Marketplace and I suggest USDT (TRC20) , this is the most used coin on TRON - fast, cheap chain that is available/accepted everywhere, if not then BUSD/USDC - we need pair with stablecoin - this will be so much better and easier/cheaper to use.

I am sure Digital Gold team is working on this as we speak and soon we will have more pairs in the GOLD token Marketplace

I actually have to agree with you about that as we need more pairs rather than just GOLD/BTC. And of course, we’re kinda seeking of a cheaper way to buy and sell GOLD tokens without the heavy burden of the exorbitant ETH gas fees.

I am not sure what the future holds for ETH 2.0 or consensus layer though. It’s still uncertain about the effect of the entire Ethereum ecosystem once the 2.0 was implemented. I am not comfortable pairing it with USDT since it was also de-pegged to $0.95 a long while ago after the de-pegging of Terra Luna’s UST stablecoin.