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

[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?

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

I would like to know if buying Gold token through exchange site also have limited level of purchase per person?

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?

I also believe listing Gold token on one of the most respected exchange site will generate more publicity and purchase but i will advise the Gold team to exclude Kraken because they seem to be having some back door problem.

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.

This is one of the best news ever and it like the user Bitcoin_Arena knew there will be an increasement in this project minted Gold.

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[hosseinimr93]

I would like to know if buying Gold token through exchange site also have limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

[hulla]

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

[hosseinimr93]

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Correct.
I just searched for that and found following post made by GOLD_official.

We will be the market makers only on exchanges with which we have agreements.

So, they place large amount of buy and sell orders to provide market liquidity and set the price.

[libert19]

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Ok so I checked on their official marketplace, and this is what it shows.



About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.

[wwzsocki]

...About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.

I have also thought about this and I agree that many (including me) will choose the Digital Gold Marketplace than the exchange, but as you can see liquidity is low compared to exchanges, so if you are a bigger investor and need a lot of GOLD tokens, then there is no other way as to buy on the open market.

[hulla]

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Correct.
I just searched for that and found following post made by GOLD_official.

We will be the market makers only on exchanges with which we have agreements.

So, they place large amount of buy and sell orders to provide market liquidity and set the price.

Thanks for fishing out the message which was the reason why i asked the question in the first place.

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Ok so I checked on their official marketplace, and this is what it shows.


About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.

I also prefer their market place than exchange either because the transaction on there is fast, ease and i don't need to pay some trade and extra fee. But, would like to know if the limited 11BTC is also applicable for exchange because of the upcoming rally market.

[GOLD_official]

...About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.

I have also thought about this and I agree that many (including me) will choose the Digital Gold Marketplace than the exchange, but as you can see liquidity is low compared to exchanges, so if you are a bigger investor and need a lot of GOLD tokens, then there is no other way as to buy on the open market.

Dear GOLD token users,

We can't sell more tokens we have, Thats why we minted more and now you can buy more atm. It is better to buy the official marketplace because on exchanges you usually have to pay different fees to the exchange.

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

[Buchi-88]

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.

Thanks for the information, GOLD is a very good and stable investment (The Gold price is rising the last month). The token is growing slowly and steadily, and more and more tokens are available and the trading volume is also increasing steadily.

[libert19]

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Correct.
I just searched for that and found following post made by GOLD_official.

We will be the market makers only on exchanges with which we have agreements.

So, they place large amount of buy and sell orders to provide market liquidity and set the price.

Thanks for fishing out the message which was the reason why i asked the question in the first place.

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Ok so I checked on their official marketplace, and this is what it shows.


About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.

But, would like to know if the limited 11BTC is also applicable for exchange because of the upcoming rally market.

I doubt it, that limit is dynamic both on marketplace and exchanges, it depends on buy/sells.

ps: sorry for long quote, it's pain on mobiles to trim.

[hulla]

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Ok so I checked on their official marketplace, and this is what it shows.


About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.

But, would like to know if the limited 11BTC is also applicable for exchange because of the upcoming rally market.

I doubt it, that limit is dynamic both on marketplace and exchanges, it depends on buy/sells.

ps: sorry for long quote, it's pain on mobiles to trim.

I'm not the type that brag but the BM respond should be enough to make you understand that there's possibility limited purchase also on exchange site since the project team cant sell or mint Gold token more than the gold saved in secure vault and to maintain or save the token price from manipulation there most be some kind of restrictions to achieve that.

[libert19]

I'm not the type that brag but the BM respond should be enough to make you understand that there's possibility limited purchase also on exchange site since the project team cant sell or mint Gold token more than the gold saved in secure vault and to maintain or save the token price from manipulation there most be some kind of restrictions to achieve that.

I didn't mention it because it's obvious, ofc you can't buy more than total supply (be it gold token or other crypto).

What I meant was, one user's buy and sells on exchange/marketplace affect the other users actions. If one buys 100 gm gold with ether then the other user will have less gold tokens to buy.

Gold token correlates the amount of stored in vault, that should be enough to avoid price manipulation and if someone sells at less than gold's spot price, it's their choice and none of team's or anyone's business.

[Soonandwaite]

I think the ledger Nano X is also supported. Is that right? he can manage more assets

[Twinkledoe]

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Ok so I checked on their official marketplace, and this is what it shows.


About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.

But, would like to know if the limited 11BTC is also applicable for exchange because of the upcoming rally market.

I doubt it, that limit is dynamic both on marketplace and exchanges, it depends on buy/sells.

ps: sorry for long quote, it's pain on mobiles to trim.

I'm not the type that brag but the BM respond should be enough to make you understand that there's possibility limited purchase also on exchange site since the project team cant sell or mint Gold token more than the gold saved in secure vault and to maintain or save the token price from manipulation there most be some kind of restrictions to achieve that.

This is one of the gold-backed projects that has real gold in possession. So it is understandable if they have very limited number of gold coins because they depend on what they have. At least we know that they are giving legit numbers here and not just getting from thin air.  But are they going to be listed in other popular exchanges?

[libert19]

I think the ledger Nano X is also supported. Is that right? he can manage more assets

All ledger devices support ether+tokens, ledger x should be no exception.

[hulla]

I'm not the type that brag but the BM respond should be enough to make you understand that there's possibility limited purchase also on exchange site since the project team cant sell or mint Gold token more than the gold saved in secure vault and to maintain or save the token price from manipulation there most be some kind of restrictions to achieve that.

I didn't mention it because it's obvious, ofc you can't buy more than total supply (be it gold token or other crypto).

What I meant was, one user's buy and sells on exchange/marketplace affect the other users actions. If one buys 100 gm gold with ether then the other user will have less gold tokens to buy.

Thats correct and this is the reason why i strongly believe some restriction will be use on the exchange site either.

Gold token correlates the amount of stored in vault, that should be enough to avoid price manipulation and if someone sells at less than gold's spot price, it's their choice and none of team's or anyone's business.

Yes and no because the price of the token can still be manipulate despite the amount of physical gold saved in vault correlate with minted Gold token.
Meanwhile, it the business of the Gold team make sure the token price is intact with the price of physical gold in other to fulfil their promises per the project.

I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?

In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.

I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.

Ok so I checked on their official marketplace, and this is what it shows.


About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.

But, would like to know if the limited 11BTC is also applicable for exchange because of the upcoming rally market.

I doubt it, that limit is dynamic both on marketplace and exchanges, it depends on buy/sells.

ps: sorry for long quote, it's pain on mobiles to trim.

I'm not the type that brag but the BM respond should be enough to make you understand that there's possibility limited purchase also on exchange site since the project team cant sell or mint Gold token more than the gold saved in secure vault and to maintain or save the token price from manipulation there most be some kind of restrictions to achieve that.

This is one of the gold-backed projects that has real gold in possession. So it is understandable if they have very limited number of gold coins because they depend on what they have. At least we know that they are giving legit numbers here and not just getting from thin air. 

You're right because most of the 97% of crypto project which claimed to be backed by Gold never provided their vault certificate or live audit report for verification.

But are they going to be listed in other popular exchanges?

It already listed on some popular exchange site an example bitforex and capital market.

[AmoreJaz]

this one lived up to their standards. we have seen so many precious metal or gold backed projects but tell you what! you can count those projects that are real. maybe only 1-5% of them have real backing. or should i say 1 in 100! if this will continue in the next coming years, people will gonna resort to their platform to have gold holdings because they know if they can't possess it in physical form, at least have the virtual gold in portfolio.

[hulla]

this one lived up to their standards. we have seen so many precious metal or gold backed projects but tell you what! you can count those projects that are real. maybe only 1-5% of them have real backing. or should i say 1 in 100! if this will continue in the next coming years, people will gonna resort to their platform to have gold holdings because they know if they can't possess it in physical form, at least have the virtual gold in portfolio.

People will definitely use this project soon when the market rally completely take over the market in other keep their profit intact and also posses physical gold virtually and with the team of this project so much experienced in IT, economy, blockchain technology, investment etc there's a chance in the future for the token to be swap for physical gold.

[indo1]

this one lived up to their standards. we have seen so many precious metal or gold backed projects but tell you what! you can count those projects that are real. maybe only 1-5% of them have real backing. or should i say 1 in 100! if this will continue in the next coming years, people will gonna resort to their platform to have gold holdings because they know if they can't possess it in physical form, at least have the virtual gold in portfolio.

People will definitely use this project soon when the market rally completely take over the market in other keep their profit intact and also posses physical gold virtually and with the team of this project so much experienced in IT, economy, blockchain technology, investment etc there's a chance in the future for the token to be swap for physical gold.

I support you, the use of cryypto with blokchain technology makes it easy to buy or sell, it's just that many people out there don't believe in using crypto they say that it's dangerous and high risk, they are just blind in the progress of the current era, that's is a mission that must be solved by the gold project inviting people out there who don't understand the blockchain technology to be able to trust and enjoy convenience

[GOLD_official]

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!

Dear tbct_mt2,

I will forward to the team about real time chart for quick overview.

I would like to know if buying Gold token through exchange site also have limited level of purchase per person?

No, the limits are only for the maximum amount we can sell you.
Regards,
Support Team @ Digital Gold
https://gold.storage