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

[tbct_mt2]

The listing costs around $0.5 mln.

That's super expensive. Indeed, just keep up the good work and sooner or later the major exchanges will start listing the token. I guess that this is the best way to move forward.

When I saw the cost of listing on Binance (given by GOLD_official), I am shocked. With that expensive cost, we have to save that fund for other meaningful things. @NeuroticFish raised a good point, if we know that such an outdated coin like Dogecoin was listed on Binance (without developer team's actitivies after years), GOLD token has it chances, not only on Binance, but also on other good exchanges.

Exchanges get benefits from coins/ tokens that are good and listed on their exchanges, so they will do give free listings if they find potential of projects.

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[GOLD_official]

Important News!

Digital gold added more gold to the vault. Right now we have 192 bars there. We minted more tokens and have 17,193 GOLD token now.
The remain tokens will be minted later.

[btcltcdigger]

So tell me, and sorry if this has been asked before, but i didn't have time to read all the pages.
Can a person, holding your token, actually exchange it for physical gold bar?

[Bitcoin_Arena]

That's super expensive. Indeed, just keep up the good work and sooner or later the major exchanges will start listing the token. I guess that this is the best way to move forward.

Yeah, very expensive for a team that did not even carry out an ICO/IEO. The best thing is to gain traction and momentum and as time goes, i believe the exchange listing on bigger platforms will come in naturally

So tell me, and sorry if this has been asked before, but i didn't have time to read all the pages.
Can a person, holding your token, actually exchange it for physical gold bar?

AFAIK, at this point in time, it's not possible because it involves some costs which makes no sense. But honestly, having the gold token has added benefits of being digital gold while at the same time it's pegged to the gold price

[libert19]

I'm waiting for the day when exchange(s) will provide pair against gold, imo it's much better than usd pairs.

[GOLD_official]

So tell me, and sorry if this has been asked before, but i didn't have time to read all the pages.
Can a person, holding your token, actually exchange it for physical gold bar?

Dear btcltcdigger,

That is not possible now. We do not provide such service.

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

[Sterbens]

So tell me, and sorry if this has been asked before, but i didn't have time to read all the pages.
Can a person, holding your token, actually exchange it for physical gold bar?

Dear btcltcdigger,

That is not possible now. We do not provide such service.

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

Does this mean that someday in the future if I hold a GOLD token from now it can be exchanged for physical gold? then in which countries will be available with the exchange can it be sent by shipping expedition?

I hold the GOLD token like I hold real gold.

[hulla]

So tell me, and sorry if this has been asked before, but i didn't have time to read all the pages.
Can a person, holding your token, actually exchange it for physical gold bar?

Dear btcltcdigger,

That is not possible now. We do not provide such service.

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

Does this mean that someday in the future if I hold a GOLD token from now it can be exchanged for physical gold? then in which countries will be available with the exchange can it be sent by shipping expedition?

I hold the GOLD token like I hold real gold.

Theoretically, no because the project was created a couple of months ago and the current features treated by the project team now is to provide a genuine way of buying/holding physical gold anonymously with ease and providing a bulletproof outstanding stable coin which is different from those we have in the market that doesn't accomplish the duty of stablecoin.
Mind you, the team will offer such service of swapping GOLD token for pbysical gold in the future or maybe when 75% of the token holder request for it.

[wwzsocki]

...The fee is only less than 0.1% annually, according to the site's notes. 0.1% per year, it does not expensive...

To be exact this is an annual storage fee of 0.99% (0.0027% per day)


https://gold.storage/en/fee

We have talked about the fees a while ago and I even posted a screen with no fees in my wallet but this was only because I sold everything immediately.

Now I hold for a while a few GOLD tokens because the gold price is going up when the hall crypto market is red which is an obvious good decision and shows great use case for the token.

So, now when I am holding GOLd token, finally, I see the fees deducted from my wallet every day.


https://etherscan.io/

[nimogsm]

I'm waiting for the day when exchange(s) will provide pair against gold, imo it's much better than usd pairs.

That would be good, but if there was a possibility of exchange for real gold, it would be even better.

[tbct_mt2]

...The fee is only less than 0.1% annually, according to the site's notes. 0.1% per year, it does not expensive...

To be exact this is an annual storage fee of 0.99% (0.0027% per day)
~

Thank you for your snapshot of your deducted fees.

The fee is too small, personally but with the latest changes of interest rates from SEC, it will result in potential discuss about it (but I hope we won't fall into it). In crypto, you can earn fastly money so 0.1% per year should not be taken into consideration. Moreover, the fee (annual) is low than some exchanges' trading fees.

[libert19]

I'm waiting for the day when exchange(s) will provide pair against gold, imo it's much better than usd pairs.

.. but if there was a possibility of exchange for real gold, it would be even better.

That defeats the purpose of stablecoin, and it has many more problems that comes with it (delivery, taxes, regulations,..)

[GOLD_official]

...The fee is only less than 0.1% annually, according to the site's notes. 0.1% per year, it does not expensive...

To be exact this is an annual storage fee of 0.99% (0.0027% per day)
~

Thank you for your snapshot of your deducted fees.

The fee is too small, personally but with the latest changes of interest rates from SEC, it will result in potential discuss about it (but I hope we won't fall into it). In crypto, you can earn fastly money so 0.1% per year should not be taken into consideration. Moreover, the fee (annual) is low than some exchanges' trading fees.

Dear tbct_mt2,

The annual fee for storing the GOLD token is 0.99%. The half of that amount goes to Bullion Star vault. You don’t think that gold is stored there for free?

Moreover, if you personally kept gold there, you would pay more. The second half of the fee goes to different payments. It is clear that at the moment, 98% of all payments are paid personally by the founders of our company. A little bit later, as the amount of stored gold becomes higher, all the payments will be paid by the GOLD token users though the fee. Everything is exactly the same as in the futures gold market. When you purchase a gold ETF, you also pay an annual commission for owning an ETF. The most important difference is that ETFs are not backed by physical gold. We plan to receive further net profit, as ETF issuers get it.

But you can make everything personally. Buy gold, transport it, pay for storage, sale commissions, etc. For small amounts, expenses can be up to 100 percent or more of the purchased gold value.

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

[tbct_mt2]

Dear tbct_mt2,

The annual fee for storing the GOLD token is 0.99%. The half of that amount goes to Bullion Star vault. You don’t think that gold is stored there for free?

Moreover, if you personally kept gold there, you would pay more. The second half of the fee goes to different payments. It is clear that at the moment, 98% of all payments are paid personally by the founders of our company. A little bit later, as the amount of stored gold becomes higher, all the payments will be paid by the GOLD token users though the fee. Everything is exactly the same as in the futures gold market. When you purchase a gold ETF, you also pay an annual commission for owning an ETF. The most important difference is that ETFs are not backed by physical gold. We plan to receive further net profit, as ETF issuers get it.

But you can make everything personally. Buy gold, transport it, pay for storage, sale commissions, etc. For small amounts, expenses can be up to 100 percent or more of the purchased gold value.

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

Dear GOLD_official,

You explanation is more than enough, with too many details and operational fundamentals of the storage procedures with Bullion Star vault as well as on ETF markets. You gave me some information I don't know, so I much appreciated it.

For the worry about fees, I don't have it. What I talked above is just to help to blow away any questions or worries about the fees (that is not expensive to care about). The personal steps you guided can only be applied for professional investors. For amateur, using the GOLD marketplace is the best, in my opinion.

[Twinkledoe]

I'm waiting for the day when exchange(s) will provide pair against gold, imo it's much better than usd pairs.

.. but if there was a possibility of exchange for real gold, it would be even better.

That defeats the purpose of stablecoin, and it has many more problems that comes with it (delivery, taxes, regulations,..)

If in the future there will be option to exchange it to physical gold, I don't think there will be many people that will avail such service. As you mentioned, delivery, taxes, or other documentations that come with it. So it is really like a very complex process to obtain the physical gold. So better stay it in virtual gold. Not so much effort in trading anyway. I hope the team will maintain this project and acquire more gold to increase their supply in circulation.

[hulla]

I'm waiting for the day when exchange(s) will provide pair against gold, imo it's much better than usd pairs.

.. but if there was a possibility of exchange for real gold, it would be even better.

That defeats the purpose of stablecoin, and it has many more problems that comes with it (delivery, taxes, regulations,..)

If in the future there will be option to exchange it to physical gold, I don't think there will be many people that will avail such service. As you mentioned, delivery, taxes, or other documentations that come with it. So it is really like a very complex process to obtain the physical gold. So better stay it in virtual gold. Not so much effort in trading anyway. I hope the team will maintain this project and acquire more gold to increase their supply in circulation.

This project should have really happened and can be done well in the future with the benefits that have been previously planned. Now too many people are hoping for a project that is really real at an affordable price.

This project team are doing platform innovation base on what the crypto traders and investors want which other stablecoins are lagging behind and you can also be reassure that every previous procedure planned by the project team will be executed in the future.
@Twinkledoe, well said cause some people still dont understand the fee and the bother which physical gold requirement entails.

[CaVO32]

I'm waiting for the day when exchange(s) will provide pair against gold, imo it's much better than usd pairs.

.. but if there was a possibility of exchange for real gold, it would be even better.

That defeats the purpose of stablecoin, and it has many more problems that comes with it (delivery, taxes, regulations,..)

If in the future there will be option to exchange it to physical gold, I don't think there will be many people that will avail such service. As you mentioned, delivery, taxes, or other documentations that come with it. So it is really like a very complex process to obtain the physical gold. So better stay it in virtual gold. Not so much effort in trading anyway. I hope the team will maintain this project and acquire more gold to increase their supply in circulation.

This project should have really happened and can be done well in the future with the benefits that have been previously planned. Now too many people are hoping for a project that is really real at an affordable price.

This project team are doing platform innovation base on what the crypto traders and investors want which other stablecoins are lagging behind and you can also be reassure that every previous procedure planned by the project team will be executed in the future.
@Twinkledoe, well said cause some people still dont understand the fee and the bother which physical gold requirement entails.

aside from trading, what is the major use case of this gold coin? i understand that if you buy gold, you know that you have a cryptocurrency that is tied up with gold and you don't have to worry about its price because it is tied with gold. so if you are in possession of this gold coin, what else are you expecting from this project?

[hosseinimr93]

aside from trading, what is the major use case of this gold coin? i understand that if you buy gold, you know that you have a cryptocurrency that is tied up with gold and you don't have to worry about its price because it is tied with gold. so if you are in possession of this gold coin, what else are you expecting from this project?

I recommend you to visit official website of digital gold and read "advantages" on the home page.
In addition to owning real gold, one of most important features is lack of identity verification. You can hold, buy and sell real gold anonymously.

[Bitcoin_Arena]

With this current Market crash, Gold token (gold) is a fairly safe haven to store your investments

In the last 24 hours
BTC - 40% down
ETH - 45% down
GOLD - 6% down

[hulla]

I'm waiting for the day when exchange(s) will provide pair against gold, imo it's much better than usd pairs.

.. but if there was a possibility of exchange for real gold, it would be even better.

That defeats the purpose of stablecoin, and it has many more problems that comes with it (delivery, taxes, regulations,..)

If in the future there will be option to exchange it to physical gold, I don't think there will be many people that will avail such service. As you mentioned, delivery, taxes, or other documentations that come with it. So it is really like a very complex process to obtain the physical gold. So better stay it in virtual gold. Not so much effort in trading anyway. I hope the team will maintain this project and acquire more gold to increase their supply in circulation.

This project should have really happened and can be done well in the future with the benefits that have been previously planned. Now too many people are hoping for a project that is really real at an affordable price.

This project team are doing platform innovation base on what the crypto traders and investors want which other stablecoins are lagging behind and you can also be reassure that every previous procedure planned by the project team will be executed in the future.
@Twinkledoe, well said cause some people still dont understand the fee and the bother which physical gold requirement entails.

aside from trading, what is the major use case of this gold coin? i understand that if you buy gold, you know that you have a cryptocurrency that is tied up with gold and you don't have to worry about its price because it is tied with gold. so if you are in possession of this gold coin, what else are you expecting from this project?

Glad you also understand some few features of the Gold token and I'm going to telling you a little of many benefit to be expecting from this project.
In this project to get the perfect privacy you want as a person, awesome alternative to fiat base stablecoin, expect high liquidity and an absolutely honest protocol.