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Author Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold  (Read 5454 times)
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September 28, 2019, 06:19:34 PM
 #161

As far as I know, gold supports the GOLD token of the project, stored in the bullionstar vault, I have a question, If I hold the GOLD token,
Can I convert them directly to physical gold?

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September 30, 2019, 06:07:24 AM
 #162

GOLD TOKEN HAS BEEN LISTED ON LIVECOIN EXCHANGE

Digital Gold team has started GOLD token listing process on large number of cryptocurrency exchnanges. We are happy to report that GOLD is now listed on LiveCoin https://livecoin.net exchange exchange. GOLD/BTC and GOLD/ETH pairs are now available for trading.

According to our market coverage and expansion schedule, GOLD will be listed on 4 more exchanges before October 10th including TOP10 exchange BitForex. In addition to listing on the exchanges our team will professionally handle liquitity support for highest stability on the market.

These days Bitcoin, Ethereum and most of major cryptocurrencies are too volatile in contrast with stablecoins pegged to physical gold price, so it's a great time to fix the value of your assets and protect from high volatility and loss of value by purchasing GOLD stablecoin until the next market growth starts.

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September 30, 2019, 09:48:10 AM
 #163

Suppose, one buys gold token on exchange and holds it there to protect oneself from market volatility, then who will be paying the daily interest? I mean small amount that automatically gets deducted on regular basis.

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September 30, 2019, 10:41:39 AM
 #164

Suppose, one buys gold token on exchange and holds it there to protect oneself from market volatility, then who will be paying the daily interest? I mean small amount that automatically gets deducted on regular basis.

Dear libert19,

Digital Gold charges 0.99% annually for the management. Considering that gold is growing 3-5% per year, you are not paying, the market pays you, compared to the USDT. This is one of the GOLD token main advantages compared to any fiat stablecoins. For example, the GOLD token now costs 4-5% more than 3 months ago at the start. During this time, the service commission was only 0.25%.

Regards,
Support Team @ Digital Gold
https://gold.storage (https://gold.storage)
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September 30, 2019, 01:42:00 PM
 #165

Suppose, one buys gold token on exchange and holds it there to protect oneself from market volatility, then who will be paying the daily interest? I mean small amount that automatically gets deducted on regular basis.

Dear libert19,

Digital Gold charges 0.99% annually for the management. Considering that gold is growing 3-5% per year, you are not paying, the market pays you, compared to the USDT. This is one of the GOLD token main advantages compared to any fiat stablecoins. For example, the GOLD token now costs 4-5% more than 3 months ago at the start. During this time, the service commission was only 0.25%.

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

No, i meant if you hold gold token on exchange then who will be paying the charge?

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September 30, 2019, 01:59:38 PM
 #166

interesting where you keep that all gold.any secure valet or in a protected place

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September 30, 2019, 03:41:45 PM
 #167

interesting where you keep that all gold.any secure valet or in a protected place

You can check that on their website:

"100% of GOLD is backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens in real-time. All physical gold stored in vault is fully insured, 100% of the time.
The insurance covers all risks at full replacement value and is provided by one of the world's largest insurance specie underwriters, Chubb Insurance. Storing physical gold on your own has a number of inherent dangers/problems that can be avoided by using GOLD. Such dangers include home burglary and security risk going to and from the bank, if you choose to store gold at home or limited access if you choose to keep your gold at a bank. "

Making a summary the gold is stored in a vault and it is insured by Chubb Insurance.

 
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September 30, 2019, 03:52:24 PM
 #168


The Digital Gold token is 100% backed by the real gold. Amount of physical gold stored can be verified at any time. We guarantee GOLD token's liquidity.

Unlimited amount of GOLD can be purchased/redeemed at our website instantly 24/7.


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

I need to say, this is one of the projects that is capturing my attention last days, i also like the low supply of tokens, your webpage looks very proffesional, the idea is very old since 2015 a lot

of coin projects backed by gold exist, all failed or turn into scams, i have no intention to offended but what warranty we have if you or someone of your team run away with gold bullions,

all of us love our privacity, but with this kind of idea and if you want to be the only a most successful project of stable coin backed by gold, you need to show yourself, lot of investors

love to know who is behind projects, we want to know the face behind each project, examples we dont know who is Satoshi, but we know who is Vitalik Buterin, Charlie Lee, Sasha Ivanov,

a face is important for a lot of investors, more if you have totally control of that gold bullions, and i knock on wood, but if you die, who is the next on charge.

Love the idea of this coin, and for sure im gonna invest some, but i hope you take into account this tip.

Best of luck to your project.
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September 30, 2019, 04:01:04 PM
 #169

Guys, your project is interesting. I want to know what advantages the GOLD token has over classic tools like gold futures?

 
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September 30, 2019, 07:13:16 PM
Last edit: September 30, 2019, 07:42:25 PM by GOLD_official
 #170

Guys, your project is interesting. I want to know what advantages the GOLD token has over classic tools like gold futures?

Dear johnywoo2015,

First of all you can trade or invest using 100 times smaller initial deposit and you can be 100% anonymous. The second thing you can enter / exit a trade using crypto, not fiat money.


No, i meant if you hold gold token on exchange then who will be paying the charge?

Dear libert19,

We will clarify this and answer a little bit later.

I need to say, this is one of the projects that is capturing my attention last days, i also like the low supply of tokens, your webpage looks very proffesional, the idea is very old since 2015 a lot

of coin projects backed by gold exist, all failed or turn into scams, i have no intention to offended but what warranty we have if you or someone of your team run away with gold bullions,

all of us love our privacity, but with this kind of idea and if you want to be the only a most successful project of stable coin backed by gold, you need to show yourself, lot of investors

love to know who is behind projects, we want to know the face behind each project, examples we dont know who is Satoshi, but we know who is Vitalik Buterin, Charlie Lee, Sasha Ivanov,

a face is important for a lot of investors, more if you have totally control of that gold bullions, and i knock on wood, but if you die, who is the next on charge.

Love the idea of this coin, and for sure im gonna invest some, but i hope you take into account this tip.

Best of luck to your project.

Dear lestherat,

We answered some posts ealier here https://bitcointalk.org/index.php?topic=5161544.msg52562620#msg52562620

Regards,
Support Team @ Digital Gold
https://gold.storage (https://gold.storage)
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September 30, 2019, 10:34:54 PM
 #171

Yeah right, anonymous people selling tokenized gold, what could go wrong?
And we are supposed just to believe bunch of people who have probably rented virtual offices with a phone number have gold in their vaults instead of scamming us with worthless tokens?

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October 01, 2019, 02:13:51 AM
 #172

Guys, your project is interesting. I want to know what advantages the GOLD token has over classic tools like gold futures?
This coin can be liquidated immediately if you want and the value is always changing every 15 minutes so you can check the price of gold at their official website. The only advantage this project is using is that they use the ETH platform and that will make it easier for their clients to access the gold market. I used to buy some gold at this project and it was really a very strange experience for me.

Currently, Gold Stablecoin are being traded at big exchanges and this will surely make this project have more new investors in the future. I believe the development of this project will open up a new opportunity for gold lovers

 
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October 01, 2019, 03:04:46 AM
 #173

Guys, your project is interesting. I want to know what advantages the GOLD token has over classic tools like gold futures?
This coin can be liquidated immediately if you want and the value is always changing every 15 minutes so you can check the price of gold at their official website. The only advantage this project is using is that they use the ETH platform and that will make it easier for their clients to access the gold market. I used to buy some gold at this project and it was really a very strange experience for me.

Currently, Gold Stablecoin are being traded at big exchanges and this will surely make this project have more new investors in the future. I believe the development of this project will open up a new opportunity for gold lovers
If I understand correctly, unlike the classic tools of investing in gold, the project offers me the anonymity of my investments, which I do not need. In the matter of investment, I will choose the reliability of broker. Do you want anonymity?

 
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October 01, 2019, 08:02:42 AM
 #174

Guys, your project is interesting. I want to know what advantages the GOLD token has over classic tools like gold futures?
This coin can be liquidated immediately if you want and the value is always changing every 15 minutes so you can check the price of gold at their official website. The only advantage this project is using is that they use the ETH platform and that will make it easier for their clients to access the gold market. I used to buy some gold at this project and it was really a very strange experience for me.

Currently, Gold Stablecoin are being traded at big exchanges and this will surely make this project have more new investors in the future. I believe the development of this project will open up a new opportunity for gold lovers
If I understand correctly, unlike the classic tools of investing in gold, the project offers me the anonymity of my investments, which I do not need. In the matter of investment, I will choose the reliability of broker. Do you want anonymity?

Dear johnywoo2015,

We are talking about 2 different things. You can invest in gold using broker service, or you can invest in gold using digital assets. A reliable broker requires an average initial deposit of 5-10 thousand dollars. 5 billion people on the planet do not have this money. A reliable broker requires a broker account and this account should be deposited using the client's bank account. 5 billion people on the planet do not have a bank account. Therefore, if you have a lot of money you can use a broker. But if you belong to the remaining 5 billion people, the investments in gold through a broker are not available to you. But now they are available through the GOLD token.

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

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October 01, 2019, 10:44:50 AM
Last edit: October 01, 2019, 11:12:38 AM by wwzsocki
 #175

interesting where you keep that all gold.any secure valet or in a protected place

I have already provided a detailed answer to this question on the previous page of this thread. It would be nice to read at least a couple of pages before jumping into asking questions.

I still keep reading about the Digital Gold project because I will fully understand how it works exactly and first what I thought about was the Gold of course, which has to be bought and stored.

... I started to look for the stored gold, of course, because this is the core of this project and was very happy to find this after literally two clicks on the Digital Gold website.



On the project page https://gold.storage/en-US/audits everybody can easily find live audits reports with all detailed pieces of information about gold in the storage.

As, I am completely unable to believe, to any assurances and always have to see tangible evidence, I was very happy to find out, that all audits are firmed by  https://www.bullionstar.com, very well known company which offers 600 different products across 10 different categories related to gold and one of them is Bullion Vault Storage, which Digital Gold project is using.

This is very easy to validate certificates because Digital Gold provides storage live audit data on the https://www.bullionstar.com/myaccount/audit page and everyone can check everything carefully.



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October 01, 2019, 12:35:14 PM
 #176

No, i meant if you hold gold token on exchange then who will be paying the charge?

Dear Libert19,

According to the agreement with exchanges, where Digital Gold has made a listing, the 0.99% fee is not taken. Any user can keep tokens in his exchange account for years and not pay 0.99% for management.

Regards,
Support Team @ Digital Gold
https://gold.storage (https://gold.storage)
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First 100% Liquid Stablecoin Backed by Gold


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October 02, 2019, 12:36:40 PM
 #177

No, i meant if you hold gold token on exchange then who will be paying the charge?

Dear Libert19,

According to the agreement with exchanges, where Digital Gold has made a listing, the 0.99% fee is not taken. Any user can keep tokens in his exchange account for years and not pay 0.99% for management.

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

Excellent, thank you! Guess it would be better idea to just hold it on exchanges. And I also hope reputable exchanges like binance, bittrex provide gold pair (that's bit too much to hope for, I know).

It would make much more sense than the usdt pairs, as usd is supposedly backed by gold.

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First 100% Liquid Stablecoin Backed by Gold


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October 02, 2019, 04:26:14 PM
 #178

Doing some thinking about the project and some pop into my mind which I believe we also help the project.
Gold was in existence for decades used as Federal reserve, store of value etc. But, remain difficult to use while the reason all crypto investors, traders, community and enthusiasts trust in crypto was the liberation from financial, economic problems, ease to use, store of value etc but still have price fluctuation problem and it digital gold team to implement an ease platform to use gold through partnership with credit card company in future more investors will step in.

It just my thinking though and I think it will be good if I tell the team about it since part of not easy to use of gold was one of the reason why fiat currency was implemented then.

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October 03, 2019, 01:38:29 AM
 #179

No, i meant if you hold gold token on exchange then who will be paying the charge?
Dear Libert19,
According to the agreement with exchanges, where Digital Gold has made a listing, the 0.99% fee is not taken. Any user can keep tokens in his exchange account for years and not pay 0.99% for management.
Regards,
It seems that this is a much anticipated news and we can completely reduce the holding fee. During this period, Gold is always considered to be the safest asset so if you want to buy Gold the easiest way, this project will provide you with all the services for you to buy quickly. I have never seen a project with such a good development plan and hope that Gold Stablecoin can be seen at big exchanges like Binance.

It may take a lot of time for the community to understand more about this project but this project will certainly be more interested in the future.

 
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October 03, 2019, 03:15:05 AM
 #180

No, i meant if you hold gold token on exchange then who will be paying the charge?
Dear Libert19,
According to the agreement with exchanges, where Digital Gold has made a listing, the 0.99% fee is not taken. Any user can keep tokens in his exchange account for years and not pay 0.99% for management.
Regards,
It seems that this is a much anticipated news and we can completely reduce the holding fee. During this period, Gold is always considered to be the safest asset so if you want to buy Gold the easiest way, this project will provide you with all the services for you to buy quickly. I have never seen a project with such a good development plan and hope that Gold Stablecoin can be seen at big exchanges like Binance.

It may take a lot of time for the community to understand more about this project but this project will certainly be more interested in the future.
sounds hard enough for them to prove some things that can make people believe but they have to do it for progress of the project, that will be good and reduce worry. the team move fast for proves it with succes
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