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

[tbct_mt2]

everyone thinks that in the future the price of gold will go up, yes, including myself because that is not a few of the people investing their money in gold, but today many people choose to invest in real gold, I don't know what their reasons for save real gold, and some people choose a simple way with the help of crypto they trust this project and risk their money ... that's why this project has to develop widely so that more people choose gold in the form of crypto

Over centuries, not only recent decades, people think of Gold as their best investment or best means of financial storage. It will last forever, in next centuries. Fortunately, bitcoin was born more than 10 years ago and it has slowly changed the world, and the younger generations surely believe in bitcoin more than in gold. The older generations will pass away gradually and sooner or later bitcoin will dominate the world.

About the GOLD token, it is good and why we should invest in real Gold bars while we already have the GOLD token, that is backed by gold bars. We don't have to storage gold bars by ourselves. Let's invest in GOLD tokens, why not?

[1714206982]

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[1714206982]

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[1714206982]

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[meanwords]

Hey wwzsocki,

After all the exchanges, do you have a withdrawal of 0.001 gold next day from your erc20 address. This is such a trifle, but I do simply don't understand why and what for it was taken. On one hand it looks like a commission for sending btc or eth to a customer.  Or something about rate fluctuations.

This was actually a question that other members are confused about. It was actually answered by the team in the bounty thread. It was a daily fee for holding the token so don't worry because no one is accessing your wallet. https://gold.storage/en/fee

Has anyone experience that after the payment has made, the coins disappear and sent to 0x00000000000000000000000000000000000
address? without even sending it to the address?

Dear akirasendo17,

Answered you in PM. This is a daily fee for holding gold token. The contract automatically take it from your wallet. https://gold.storage/en/fee

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

[indo1]

everyone thinks that in the future the price of gold will go up, yes, including myself because that is not a few of the people investing their money in gold, but today many people choose to invest in real gold, I don't know what their reasons for save real gold, and some people choose a simple way with the help of crypto they trust this project and risk their money ... that's why this project has to develop widely so that more people choose gold in the form of crypto

Over centuries, not only recent decades, people think of Gold as their best investment or best means of financial storage. It will last forever, in next centuries. Fortunately, bitcoin was born more than 10 years ago and it has slowly changed the world, and the younger generations surely believe in bitcoin more than in gold. The older generations will pass away gradually and sooner or later bitcoin will dominate the world.

About the GOLD token, it is good and why we should invest in real Gold bars while we already have the GOLD token, that is backed by gold bars. We don't have to storage gold bars by ourselves. Let's invest in GOLD tokens, why not?

Yes, I agree with you because investing in crypto designation as gold will be very easy, in addition to getting easily and selling it quickly, the slain also on the one hand also mitigates the inventory if we store gold bars easily can be stolen Different people with gold tokens only we ourselves can access

[tmfp]

everyone thinks that in the future the price of gold will go up, yes, including myself because that is not a few of the people investing their money in gold, but today many people choose to invest in real gold, I don't know what their reasons for save real gold, and some people choose a simple way with the help of crypto they trust this project and risk their money ... that's why this project has to develop widely so that more people choose gold in the form of crypto

Over centuries, not only recent decades, people think of Gold as their best investment or best means of financial storage. It will last forever, in next centuries. Fortunately, bitcoin was born more than 10 years ago and it has slowly changed the world, and the younger generations surely believe in bitcoin more than in gold. The older generations will pass away gradually and sooner or later bitcoin will dominate the world.

About the GOLD token, it is good and why we should invest in real Gold bars while we already have the GOLD token, that is backed by gold bars. We don't have to storage gold bars by ourselves. Let's invest in GOLD tokens, why not?

Yes, I agree with you because investing in crypto designation as gold will be very easy, in addition to getting easily and selling it quickly, the slain also on the one hand also mitigates the inventory if we store gold bars easily can be stolen Different people with gold tokens only we ourselves can access

The same reason that your Bitcoin is not yours unless you own the keys.
Owning a GOLD token is owning an unconvertible gold derivative, it is not owning gold.

[tbct_mt2]

Owning a GOLD token is owning an unconvertible gold derivative, it is not owning gold.

It depends on the survival of the platform on which you own your Gold tokens. If one platform collapses or shuts down or scam exits, you will mostly lose your tokens and your money. At the ends, you won't have any gold bards in your hands.

GOLD tokens are as same as other tokens. Their values depends on how legit the project is. We are saying that GOLD token is a stable one, it is correct at somewhat extent but in the long run, the survival of the project will decide the token value. Fortunately, I see legitimacy in the project.

[hulla]

everyone thinks that in the future the price of gold will go up, yes, including myself because that is not a few of the people investing their money in gold, but today many people choose to invest in real gold, I don't know what their reasons for save real gold, and some people choose a simple way with the help of crypto they trust this project and risk their money ... that's why this project has to develop widely so that more people choose gold in the form of crypto

Over centuries, not only recent decades, people think of Gold as their best investment or best means of financial storage. It will last forever, in next centuries. Fortunately, bitcoin was born more than 10 years ago and it has slowly changed the world, and the younger generations surely believe in bitcoin more than in gold. The older generations will pass away gradually and sooner or later bitcoin will dominate the world.

About the GOLD token, it is good and why we should invest in real Gold bars while we already have the GOLD token, that is backed by gold bars. We don't have to storage gold bars by ourselves. Let's invest in GOLD tokens, why not?

I supported what you said about bitcoin and Gold token because they are gradually changing the world and this is what the Tether team understood before planning to create their own gold project but i hope the crypto community will be wise enough to understand that such project which lied to people shouldn't be trusted.
With that been said, i wait to see Gold token to be trade against others altcoin on exchange.

everyone thinks that in the future the price of gold will go up, yes, including myself because that is not a few of the people investing their money in gold, but today many people choose to invest in real gold, I don't know what their reasons for save real gold, and some people choose a simple way with the help of crypto they trust this project and risk their money ... that's why this project has to develop widely so that more people choose gold in the form of crypto

Over centuries, not only recent decades, people think of Gold as their best investment or best means of financial storage. It will last forever, in next centuries. Fortunately, bitcoin was born more than 10 years ago and it has slowly changed the world, and the younger generations surely believe in bitcoin more than in gold. The older generations will pass away gradually and sooner or later Bitcoin will dominate the world.

About the GOLD token, it is good and why we should invest in real Gold bars while we already have the GOLD token, which is backed by gold bars. We don't have to storage gold bars by ourselves. Let's invest in GOLD tokens, why not?

Yes, I agree with you because investing in crypto designation as gold will be very easy, in addition to getting easily and selling it quickly, the slain also on the one hand also mitigates the inventory if we store gold bars easily can be stolen Different people with gold tokens only we ourselves can access

The same reason that your Bitcoin is not yours unless you own the keys.
Owning a GOLD token is owning an unconvertible gold derivative, it is not owning gold.

The last time i check every stablecoins will have in the market are token base except StableCoin (SBC) which is also worthless right now but Gold team provided genuine smart contract audit and bullion vault certificate to prove their honesty which i think is enough cause almost all gold-related crypto project doesn't do that.
Meanwhile, there chance for the token to be converted to gold in the future but it a step at a time journey.

[wwzsocki]

...do you have a withdrawal of 0.001 gold next day from your erc20 address... I do simply don't understand why and what for it was taken... it looks like a commission for sending btc ... Or something about rate fluctuations.

... daily fee for holding the token... https://gold.storage/en/fee

I am happy that this question was already answered very detailed, not only by members who support this project but also by the Digital Gold team itself.

I can only add, that I don't see such transactions in my wallet, to be honest.

Here is a screen from my few last transactions in the ETH wallet with GOLD token:



As you can clearly see, I don't have such transactions you have mentioned in my wallet transaction history and don't remember to have such once in the past either, but maybe I am wrong here because just can't remember correctly.

...If you have your gold tokens on your wallet every day we charge a small holding fee. You can read more on https://gold.storage/en/fee...

[libert19]

Hey wwzsocki,

...do you have a withdrawal of 0.001 gold next day from your erc20 address... I do simply don't understand why and what for it was taken... it looks like a commission for sending btc or eth to a customer.  Or something about rate fluctuations.

...It was actually answered by the team in the bounty thread. It was a daily fee for holding the token so don't worry because no one is accessing your wallet. https://gold.storage/en/fee

I am happy that this question was already answered very detailed, not only by members who support this project but also by the Digital Gold team itself.

I can only add, that I don't see such transactions in my wallet, to be honest.

Here is a screen from my few last transactions in the ETH wallet with GOLD token:



As you can clearly see, I don't have such transactions you have mentioned in my wallet transaction history and don't remember to have such once in the past either, but maybe I am wrong here just can't remember.

It's because you have traded your gold token, they charge fee for holding, if you are not holding any gold token then what's there to charge for?

[tbct_mt2]

It's because you have traded your gold token, they charge fee for holding, if you are not holding any gold token then what's there to charge for?

Take it easy guys. The fee is only less than 0.1% annually, according to the site's notes. 0.1% per year, it does not expensive. For the purpose of the fees, I don't know but the GOLD team can help with explanation.

No hidden fees, free transactions between users and the lowest annual storage fee of 0.99% (0.0027% per day). Yearly storage fee is automatically charged from token holder's wallet by GOLD secure and audited smart-contract, based on Ethereum network, on daily basis.

[GOLD_official]

Hi guys,

If you have your gold tokens on your wallet every day we charge a small holding fee. You can read more on https://gold.storage/en/fee


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

[indo1]

Hi guys,

If you have your gold tokens on your wallet every day we charge a small holding fee. You can read more on https://gold.storage/en/fee


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

thank you for the information it is useful for people who store gold tokens in their wallets, this service looks small but has tremendous benefits for the community, and I like to save even a small amount and I believe it will be my savings in the future, I'm sure it will be useful for my old age

[Bitcoin_Arena]

I just have a small question... Since Gold token is 100% backed by physical gold which is stored in the vault; that is 9,200 token representing 9,195 grams of physical gold.

What happens when someone or a group of people decide to buy more than 9,200 Gold tokens. Let say someone has over $1M worth of BTC and decides to buy Gold tokens worth that from your market?

[hulla]

I just have a small question... Since Gold token is 100% backed by physical gold which is stored in the vault; that is 9,200 token representing 9,195 grams of physical gold.

What happens when someone or a group of people decide to buy more than 9,200 Gold tokens. Let say someone has over $1M worth of BTC and decides to buy Gold tokens worth that from your market?

The answer is simple because this project team will just accumulate more grams of gold which will be maybe ~ $1M to increase their issues token. Let me do the breakdown for you to understand, this project started from 7,200 grams of physical gold and was said to be equals 7200 GOLD tokens then but have now increased 9,195 grams of physical gold ~ 9,200 tokens.

[GOLD_official]

I just have a small question... Since Gold token is 100% backed by physical gold which is stored in the vault; that is 9,200 token representing 9,195 grams of physical gold.

What happens when someone or a group of people decide to buy more than 9,200 Gold tokens. Let say someone has over $1M worth of BTC and decides to buy Gold tokens worth that from your market?

Dear Bitcoin_Arena,

If you want to buy a big sum of GOLD though our marketplace you will see the maximum amount you can buy there. Right now you can buy GOLD for 3.7BTC. More amounts can be found on some exchanges. But it is not possible to buy more than 9200 GOLD tokens atm. If the most part of GOLD tokens will be sold we will mint more tokens and add more gold to the vault.


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

[tbct_mt2]

If you want to buy a big sum of GOLD though our marketplace you will see the maximum amount you can buy there. Right now you can buy GOLD for 3.7BTC. More amounts can be found on some exchanges. But it is not possible to buy more than 9200 GOLD tokens atm.

There are some exchanges to buy GOLD tokens:
- BitForex
- Livecoin
- Cryptex

If the most part of GOLD tokens will be sold we will mint more tokens and add more gold to the vault.

It is what I am waiting for, the stable growth and expansion of GOLD marketplace and its demand.

[wwzsocki]

What is the politics of the Digital Gold team regarding new exchanges?

Are you involved actively in searching for new, better-established exchanges like: Binance, Coinbase Pro or Kraken to list the GOLD token there?

Or you are not involved anymore and let the exchanges decide if they want GOLD token or not, without any influence from your site, like paying listing fees, etc?

I think I have never heard a detailed answer to this question and in my opinion, both ways are good.

The second one (no influence) works great when there is a good product and use case for a coin or token and that is exactly what GOLD token has to offer.

Anyways, detailed answer from the team would be great in my opinion.

[GOLD_official]

2,000 more GOLD tokens minted!

Digital Gold team is happy to report that 2KG of gold bullion have been purchased and added to previously available 9.2KG stored in  secure vault storage located in Singapore. 2,000 more GOLD tokens have been minted after purchase of physical gold. The total supply of GOLD tokens currently exceeds 11,000 and keeps constantly growing every quarter. The real-time audit report can be found in Audits section of our website.

Month by month GOLD token gets more and more popular and liquid. The trading volume of GOLD hit daily record of almost $20 Million and we are focused on scaling and expanding business for further growth and development of GOLD platform as the leading solution for private, secure and anonymous ownership of gold and your most trusted wealth storage.

[Bitcoin_Arena]

Dear Bitcoin_Arena,

If you want to buy a big sum of GOLD though our marketplace you will see the maximum amount you can buy there. Right now you can buy GOLD for 3.7BTC. More amounts can be found on some exchanges. But it is not possible to buy more than 9200 GOLD tokens atm. If the most part of GOLD tokens will be sold we will mint more tokens and add more gold to the vault.


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

Oooh,  thanks for the response. I think now understand how it works. If there is more in flow of cash then that means there is opportunity to acquire more physical gold to be stored in the vault and therefore mint more gold tokens?
If it is then that actually clever 

[libert19]

Dear Bitcoin_Arena,

If you want to buy a big sum of GOLD though our marketplace you will see the maximum amount you can buy there. Right now you can buy GOLD for 3.7BTC. More amounts can be found on some exchanges. But it is not possible to buy more than 9200 GOLD tokens atm. If the most part of GOLD tokens will be sold we will mint more tokens and add more gold to the vault.


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

Oooh,  thanks for the response. I think now understand how it works. If there is more in flow of cash then that means there is opportunity to acquire more physical gold to be stored in the vault and therefore mint more gold tokens?
If it is then that actually clever  

Yes, it do be like that. Supply of gold token co-relates with gold amount stored in billionstar vault, there can't me more or less than what is stored in vault.

[tbct_mt2]

Digital Gold team is happy to report that 2KG of gold bullion have been purchased and added to previously available 9.2KG stored in  secure vault storage located in Singapore. 2,000 more GOLD tokens have been minted after purchase of physical gold. The total supply of GOLD tokens currently exceeds 11,000 and keeps constantly growing every quarter.

Congratulations for the growth of GOLD, real gold and our gold project. 2000 more tokens minted recently equal to 21.7 percent of increases (from the previous total minted tokens at 9200). It is very impressive growth.

The real-time audit report can be found in Audits section of our website.

For the real-time audit report, can we have a real time chart? It will help people who have interests in the project have very quick overview on the growth of GOLD project.

Month by month GOLD token gets more and more popular and liquid. The trading volume of GOLD hit daily record of almost $20 Million and we are focused on scaling and expanding business for further growth and development of GOLD platform as the leading solution for private, secure and anonymous ownership of gold and your most trusted wealth storage.

From $100 million per month (January) to $20 million for one day (in February), it is an exponential rise.

The lifetime GOLD token trading volume record of over $100 Million in January 2020!