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

[GOLD_official]

We have added GOLD to our listing of Stablecoins.

How can I contact to a GOLD team member to get more information about the project to improve our page.

https://stablecoins.live/digital-gold/summary

Dear coinary,

Thank you for adding our project. You can ask all questions about GOLD token in private message. Feel free to contact me. I will provide the full information about GOLD stablecoin.

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

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[GOLD_official]

Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

[coinary]

We have added GOLD to our listing of Stablecoins.

How can I contact to a GOLD team member to get more information about the project to improve our page.

https://stablecoins.live/digital-gold/summary

Dear coinary,

Thank you for adding our project. You can ask all questions about GOLD token in private message. Feel free to contact me. I will provide the full information about GOLD stablecoin.

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

Sent! Best luck for the project, we are monitoring your project from now.

[CryptopreneurBrainboss]

Hello @GOLD_official i have some inquiring concerning the used of your inbuilt exchange on website, last time I used the exchange and was asked for my bitcoin address, i tried inputting my segwit bitcoin address (bitcoin address starting with bc1) but the system didn't recognize it as a bitcoin address. It was a frustrating experience as I had to use an exchange wallet to recieve my bitcoin (which is something I hate doing).

Why don't the exchange system recognize segwit addresses? It's more convenient to use than legacy address and is there any plan to accept this in future? Most reputed exchanges are already accepting segwit address to contribute to the adoptions of the technology since it has more advantage when compared with a legacy address like less transaction/miners fees.

[GOLD_official]

Hello @GOLD_official i have some inquiring concerning the used of your inbuilt exchange on website, last time I used the exchange and was asked for my bitcoin address, i tried inputting my segwit bitcoin address (bitcoin address starting with bc1) but the system didn't recognize it as a bitcoin address. It was a frustrating experience as I had to use an exchange wallet to recieve my bitcoin (which is something I hate doing).

Why don't the exchange system recognize segwit addresses? It's more convenient to use than legacy address and is there any plan to accept this in future? Most reputed exchanges are already accepting segwit address to contribute to the adoptions of the technology since it has more advantage when compared with a legacy address like less transaction/miners fees.

Hi CryptopreneurBrainboss,

We will forward that information to the devs and answer you when we get a feedback from them. Thank you for paying attention to that problem.

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

[Strongkored]

Maybe my question looks strange or has been asked before,
The price of gold tokens will be the same as the world gold price, it will not be difficult if Digital Gold is only traded in Digital Gold marketplace itself because the team will be able to control it, but how can the team control the prices traded on another exchange that has already entered this token?

I'm interesting with this toke but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

[CryptopreneurBrainboss]

I'm interesting with this token but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

Well those coins weren't stablecoin so apparently the volatility associated with all cryptocurrency affect the price of the coins. Manipulation and loss of interest from current and potential investors contributed to the down fall of those project and off course, most of them were disguise scam profiting from the hype that was associated with gold backed projects. Understand again, Gold token is a stablecoin meaning you can be assured of a fixed price backed be real Gold as explained on the website.

Just like any tradable assets or currency, the price of Gold token on an exchange is totally dependant on the trading activities of that exchange that's why the price differs on various exchange although within a certain price range. The external exchange listing were introduced to increase awareness and adoption of the stablecoin. You can always used the inbuilt exchange on the website if you feel the price on the exchanges doesn't suit you or it's been manipulated. Other stablecoin also experience price difference on different exchange based on how active the market is, on that exchange.

[hulla]

Maybe my question looks strange or has been asked before,
The price of gold tokens will be the same as the world gold price, it will not be difficult if Digital Gold is only traded in Digital Gold marketplace itself because the team will be able to control it, but how can the team control the prices traded on another exchange that has already entered this token?

I'm interesting with this toke but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

You make a good point but the project needs to be used like other stablecoins we have in the crypto market and in other to achieve it have to be listed on the exchange site/CMC. However, this is what some members of the forum ask for and also believed it will make people believe this project is genuine.

[GOLD_official]

Maybe my question looks strange or has been asked before,
The price of gold tokens will be the same as the world gold price, it will not be difficult if Digital Gold is only traded in Digital Gold marketplace itself because the team will be able to control it, but how can the team control the prices traded on another exchange that has already entered this token?

I'm interesting with this toke but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

Hi Strongkored,

The price of the token on each exchange depends on the demand. If somebody will sell a big amount of GOLD token the price can fall 5-10%, but at the same time somebody can buy such amount and resell them on other exchanges or using our marketplace. It is the same as arbitrage works on futures or stock exchanges. But it is big luck if arbitrage will bring you 0.5% of the profit.

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

[tbct_mt2]

Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

The article wrapped up what GOLD project has achieved months after its birthday. Thank you for making the article in which I find the point on the predicted and long-waited global crisis. I am not sure there will be a crisis like that in next years but what happened recent 2 weeks between the USA. and Iran as well as the financial-broke situation in China are very negative components for the global financial growths in near future. Maybe crisis will occur or maybe it will not but you won't lose anything by investing in GOLD. It's especially right for long term investment perspective. For the short and medium terms, from now, I am bullish with GOLD.

[GOLD_official]

I'm interesting with this token but I want to know more, because we know a couple coin or token project based on gold said that the price will same with world gold price but apparently not.

Well those coins weren't stablecoin so apparently the volatility associated with all cryptocurrency affect the price of the coins. Manipulation and loss of interest from current and potential investors contributed to the down fall of those project and off course, most of them were disguise scam profiting from the hype that was associated with gold backed projects. Understand again, Gold token is a stablecoin meaning you can be assured of a fixed price backed be real Gold as explained on the website.

Just like any tradable assets or currency, the price of Gold token on an exchange is totally dependant on the trading activities of that exchange that's why the price differs on various exchange although within a certain price range. The external exchange listing were introduced to increase awareness and adoption of the stablecoin. You can always used the inbuilt exchange on the website if you feel the price on the exchanges doesn't suit you or it's been manipulated. Other stablecoin also experience price difference on different exchange based on how active the market is, on that exchange.

Dear CryptopreneurBrainboss,

We got a response from the devs. They promise to do that in the future updates.

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

[wwzsocki]

The price of the token on each exchange depends on the demand. If somebody will sell a big amount of GOLD token the price can fall 5-10%, but at the same time somebody can buy such amount and resell them on other exchanges or using our marketplace. It is the same as arbitrage works on futures or stock exchanges. But it is big luck if arbitrage will bring you 0.5% of the profit...

I think that there is a big chance for good arbitrage opportunities also with the GOLD token.

Especially with high volatility on exchanges, for example when some hodler will sell his bags or a big investor steps in and they will influence the price drastically in the short term.

We all know that time is crucial in such deals.

Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

Great article as always Digital Gold team.

I keep wondering if the real gold price will go even higher this year?

[davidroux]

Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

The article wrapped up what GOLD project has achieved months after its birthday. Thank you for making the article in which I find the point on the predicted and long-waited global crisis. I am not sure there will be a crisis like that in next years but what happened recent 2 weeks between the USA. and Iran as well as the financial-broke situation in China are very negative components for the global financial growths in near future. Maybe crisis will occur or maybe it will not but you won't lose anything by investing in GOLD. It's especially right for long term investment perspective. For the short and medium terms, from now, I am bullish with GOLD.

I am very interested in this project and this is the first time I know the presence of gold in the crypto market. As I know, this coin depends heavily on the world gold price and this is something no project can do during the past time. For me, this project will be very promising and will surely attract a lot of new investors in the near future. Hopefully in 2020 investors will be more active in gold investment.

[wwzsocki]

Another smooth transaction in the Digital Gold Marketplace.



As you can see on the screen it takes only two minutes to exchange the GOLD token to Ethereum.

[NathanJB]

Another smooth transaction in the Digital Gold Marketplace.



As you can see on the screen it takes only two minutes to exchange the GOLD token to Ethereum.

You are using the platform of this project, right?

2 minutes is not that bad for conversion but why taking that long? Since it is not instant, is it also done like trading that you are going to make your price and then wait for somebody on the other end to buy it?

[tbct_mt2]

You are using the platform of this project, right?

2 minutes is not that bad for conversion but why taking that long? Since it is not instant, is it also done like trading that you are going to make your price and then wait for somebody on the other end to buy it?

Do you see 12 confirmations for that smooth transaction?

2 minutes is much faster than what you will have to wait if you use bitcoin to move your funds. I think the required confirmations on the GOLD platform is for security reasons. The more confirmations required, the more secure your transactions are and the lower odds to see your transactions will be reversed by shady attacks on the network. It think 2 minutes is acceptable waiting period.

[necromastery]

Another smooth transaction in the Digital Gold Marketplace.



As you can see on the screen it takes only two minutes to exchange the GOLD token to Ethereum.

Since it is not instant, is it also done like trading that you are going to make your price and then wait for somebody on the other end to buy it?

To me it looks like somebody already put his price on buy order, so that make the process quick and not require someone to buy it first. If it takes only 2 minutes, trust me it won't be felt, people won't complain with such a short time.

[terciduk123]

To me it looks like somebody already put his price on buy order, so that make the process quick and not require someone to buy it first. If it takes only 2 minutes, trust me it won't be felt, people won't complain with such a short time.

Yes, I think so too, because the GOLD token is a stable token based on the price of gold, then someone must buy a GOLD token in accordance with the price of gold, and this GOLD token succed to maintain the stability of their token price in accordance with the price of gold.

[NathanJB]

You are using the platform of this project, right?

2 minutes is not that bad for conversion but why taking that long? Since it is not instant, is it also done like trading that you are going to make your price and then wait for somebody on the other end to buy it?

Do you see 12 confirmations for that smooth transaction?

2 minutes is much faster than what you will have to wait if you use bitcoin to move your funds. I think the required confirmations on the GOLD platform is for security reasons. The more confirmations required, the more secure your transactions are and the lower odds to see your transactions will be reversed by shady attacks on the network. It think 2 minutes is acceptable waiting period.

I am just a little curious because we're talking here of conversion and not moving funds. I mean moving Bitcoin is definitely going to take more than a couple of minutes but not when we are converting in whatever platform we use. In fact, conversion in other platforms such as exchanges could take an instant unless you would first make a more or less competitive sell order and wait for it to be filled.

So again, is it also done like trading that you are going to make your price and then wait for somebody on the other end to buy it?

Another smooth transaction in the Digital Gold Marketplace.



As you can see on the screen it takes only two minutes to exchange the GOLD token to Ethereum.

Since it is not instant, is it also done like trading that you are going to make your price and then wait for somebody on the other end to buy it?

To me it looks like somebody already put his price on buy order, so that make the process quick and not require someone to buy it first. If it takes only 2 minutes, trust me it won't be felt, people won't complain with such a short time.

Make no mistake, I am not complaining. I am inquiring. I want to be enlightened.

[judaspriest]

To me it looks like somebody already put his price on buy order, so that make the process quick and not require someone to buy it first. If it takes only 2 minutes, trust me it won't be felt, people won't complain with such a short time.

Yes, I think so too, because the GOLD token is a stable token based on the price of gold, then someone must buy a GOLD token in accordance with the price of gold, and this GOLD token succed to maintain the stability of their token price in accordance with the price of gold.

very interesting indeed, one of the projects is good and unique, its implementation is like a stable coin, maybe GOLD will be the best project in 2019, I think like that