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

[NeuroticFish]

But now more and more are interested in the GOLD campaign because it is proven to continue to pay, especially the new policy on extending the campaign period which initially ended in January 2020 and was changed to a time limit that was not specified or according to the agreement of the GOLD team.

I'll second that. I joined rather late and I was somewhat afraid the campaign will not last long. Until now, as a nice surprise, it goes on, while quite a number of other campaigns have ended.
Also it worth mentioning that in the GOLD campaign the requirements for the number of posts are much better (less spammy!) than for most other campaigns.

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[tbct_mt2]

Also it worth mentioning that in the GOLD campaign the requirements for the number of posts are much better (less spammy!) than for most other campaigns.

Most of participants are good users and not spammers. I see your names and recognize who you are on the forum.

The GOLD campaign is one of the successful campaigns for 2019 until now, many want to join this campaign, but the Bounty Manager selects each participant who wants to join.

Indeed. People don't aware of the campaign because it is not paid in BTC and it has not been shown in the Mitchell's topic. People who aware of it but fear to join because their doubts on legitimacy and validity of GOLD project.

But now more and more are interested in the GOLD campaign because it is proven to continue to pay, especially the new policy on extending the campaign period which initially ended in January 2020 and was changed to a time limit that was not specified or according to the agreement of the GOLD team.

Early comers will get acceptance easier as all campaigns. If people are lazy and don't investigate or don't do their works to discover about the projects or campaigns that they have interests in, they will miss the train, miss opportunities.

[kojektea]

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Thank you for the answer. Would be great if you add it in the marketplace.
However, Since I trust the marketplace more than exchanges I used your official website. After doing an exchange from GOLD to BTC a few minutes ago as my first experience, I would like to say the trade was smooth, safe and super fast. So, I can confirm the BTC/GOLD trading pair is currently fixed and working perfectly as it should be.

many have spoken positively about this gold project, I am very impressed they paid bounty hunters with their own pockets so far, I am sure they saved a lot of gold or cash

GOLD has become one of the most sought after campaigns by signature hunter...
next month is 1-year GOLD campaigned on this forum and they have done the best for their campaign participants, one of the best campaigns that are still active.

Yes, I have seen it myself, and it is very difficult to get a position as a participant in the Gold bounty campaign, but even so I still involve myself as a GOLD platform user

[NeuroticFish]

Also it worth mentioning that in the GOLD campaign the requirements for the number of posts are much better (less spammy!) than for most other campaigns.

Most of participants are good users and not spammers. I see your names and recognize who you are on the forum.

I guess that I was misunderstood.
What I meant is that for everybody after a certain number of posts, the quality can decrease. But GOLD requirement is far from high, so there's no pressure, so GOLD users will most probably always achieve very good quality of posts.

Indeed. People don't aware of the campaign because it is not paid in BTC and it has not been shown in the Mitchell's topic. People who aware of it but fear to join because their doubts on legitimacy and validity of GOLD project.

The fact the campaign pays in token makes it a no-go for many. Name it laziness, name it extra-cautiousness, doesn't matter, the result is the same. The fact the campaign manager is from GOLD team and not somebody known can make people even more cautious.
I can say that I also came in only after seeing good feedback from others (feedback with was and still is scarce).
But the campaign is one year old now, people should have been convinced by now that the campaign is good.

[Bitcoin_Arena]

The anniversary of Gold Token, since the Announcement was made here is now less than 96 hours (4 days)
What's the most exciting thing you have noticed about Gold Token as compared to Other tokens out there

For me;
- The inbuilt instant exchange/Marketplace
- The price of the token is always pegged to that of Gold regardless of the market conditions. I have seen some tokens pegged to gold price dump in price after a few months

[hulla]

GOLD campaign began with very little attention of signature hunters. I don't know the reasons of such hesitation to join the campaign months ago. I guess they worried about the legitimacy of GOLD project.

Now, the campaign has come to its first year anniversary and the project has gotten some kind of success. The company is supported by loyal supporters. I rarely see supporters of GOLD left the campaign. It unofficially shows they are satisfied with what they receive from the campaign.

At the beginning of the GOLD launching campaign, many were still unsure of this campaign. I became the first participant to be accepted into the signature campaign and I am sure GOLD will survive and continue to grow. in the first months of the GOLD campaign many were left behind by the signature campaign participants. many moved to other signature campaigns and I stayed.

But now more and more are interested in the GOLD campaign because it is proven to continue to pay, especially the new policy on extending the campaign period which initially ended in January 2020 and was changed to a time limit that was not specified or according to the agreement of the GOLD team.

You're correct and I'm the few that joined the campaign at the early stage and never leave because i seems to have some little knowledge in selecting genuine bounty campaign. However, what captivated about this project that we have never see a previous stablecoin bounty campaign this forum so i choose to join the race then.

-snip- However, Merits are needed to achieve the full member rank. This will give the opportunity to wear the avatar.

Note: As a sign of thanks, we can give some Merit to the @GOLD_Official Bounty Manager and help him reach the rank of Full member for the purposes of installing Avatar.

I have sent mine once i saw the message and it will be an awesome decision we all do the same.

[libert19]

Also it worth mentioning that in the GOLD campaign the requirements for the number of posts are much better (less spammy!) than for most other campaigns.

Most of participants are good users and not spammers. I see your names and recognize who you are on the forum.

I guess that I was misunderstood.
What I meant is that for everybody after a certain number of posts, the quality can decrease. But GOLD requirement is far from high, so there's no pressure, so GOLD users will most probably always achieve very good quality of posts.

Indeed. People don't aware of the campaign because it is not paid in BTC and it has not been shown in the Mitchell's topic. People who aware of it but fear to join because their doubts on legitimacy and validity of GOLD project.

The fact the campaign pays in token makes it a no-go for many. Name it laziness, name it extra-cautiousness, doesn't matter, the result is the same. The fact the campaign manager is from GOLD team and not somebody known can make people even more cautious.
I can say that I also came in only after seeing good feedback from others (feedback with was and still is scarce).
But the campaign is one year old now, people should have been convinced by now that the campaign is good.

Kinda accurate, when I came across this project it looked shady idk why may be the thread representation wasn't a quality, and it put me off. Still gave a try because of lack of good campaigns and this was paying in stable coin (better than gambling in ICO campaigns), thought to myself, if it turns of well then good otherwise well one month for learning lol.

[wwzsocki]

I keep accumulating all my GOLD tokens and even buy slowly more because I am almost sure that the gold price will go rapidly up again very soon.

The price of gold keeps rising slowly and from every corner, I keep hearing bad news about the coming crisis and I thought that there was already one not so long ago when everything lost almost 50%? Despite all printers are working on full speed to pump FIAT into the market from all countries at the same time, almost all economists keep repeating that this was only the start and the big correction will come next. If they are right then gold price should spike again when the sale off on markets begins, that is why I feel better holding GOLD tokens than any other crypto right now.

Not only there is no roller-coaster every day, but also the price of the GOLD token keeps rising frequently.

[taufik123]

For me;
- The inbuilt instant exchange/Marketplace

Instant Exchange / Marketplace Digital GOLD makes it easy to make purchases and sales of GOLD tokens instantly and very quickly. Fee is also very reasonable and not too expensive. Starting from first receiving the GOLD token from my signature campaign, I have never used another Exchange, I only used the Marketplace at Gold.storage.
While using the Gold marketplace, there is only one problem with the BTC payment getting bigger, resulting in a delay of several hours of payment. But now it has started to return to normal.

We are currently experiencing temporary issues with BTC transactions on the marketplace. We are working on resolving this. Once it is resolved, the pending BTC transaction will arrive to your wallet, or either you will be refunded with GOLD tokens.

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

[wwzsocki]

....there is only one problem with the BTC payment getting bigger...

Are you talking about the BTC network congestion and many unconfirmed transactions that are waiting in the mempool queue or about the latest problem on the Digital Golg marketplace itself?

As we can see they are already working on this problem and with the clogged BTC network not much can be done TBH. The only way is to send transaction with a lot bigger fee or to use ETH instead.
I always try to use ETH on the Digital Gold market because is faster, cheaper and I have never waited more than a few minutes and I did already dozens if not hundreds of transactions there.

Of course, if you only have BTC in your wallet, then there is not much you can do in such situation. I would advise checking the BTC network before sending transaction.
https://jochen-hoenicke.de/queue/#0,4d

[tbct_mt2]

....there is only one problem with the BTC payment getting bigger...

Are you talking about the BTC network congestion and many unconfirmed transactions that are waiting in the mempool queue or about the latest problem on the Digital Golg marketplace itself?

As we can see they are already working on this problem and with the clogged BTC network not much can be done TBH. The only way is to send transaction with a lot bigger fee or to use ETH instead.
I always try to use ETH on the Digital Gold market because is faster, cheaper and I have never waited more than a few minutes and I did already dozens if not hundreds of transactions there.

Of course, if you only have BTC in your wallet, then there is not much you can do in such situation. I would advise checking the BTC network before sending transaction.
https://jochen-hoenicke.de/queue/#0,4d

Haha, transaction fee has never been a boring story. Honestly guys, this week, two or four days ago, I moved my funds from Binance, and to be honest I noticed the transaction fees to move a same amount of fund in BTC is nearly 4 or 5 fold compares to the fees for moving it as USDT on ERC20 (not OMNI, of course).

Bitcoin is the King in crypto, I totally agree and I won't start a discussion about it. It is the truth so there is no demand to prove it. The longer time you spend in crypto, the more solidly perception on that you will have. Nevertheless, when you want to move your funds, bitcoin should not be your first priority.

Reasons: Bitcoin block time is about 10 minutes per block and most of platforms often require 3 confirmations to credit to your account balance. So if you move your funds in bitcoin, when transaction fee is low, and your fee is set up at good rate, your balance will be credited after 30 minutes in perfect condition. If not, you will have to wait longer.

In such cases, let choose other cryptocurrencies. Fortunately, on GOLD marketplace, we have Ethereum. It will be a pleasure to have USDT in the future but I worry about conflict of interests. 

[Soonandwaite]

I keep accumulating all my GOLD tokens and even buy slowly more because I am almost sure that the gold price will go rapidly up again very soon.

where do you store your gold tokens ? is there a good wallet ? or does it work with the ledger nano s and with the myetherwallet

[wwzsocki]

where do you store your gold tokens ? is there a good wallet ?...

I store all my ERC-20 tokens (which I hodl) in an offline wallet, which I created personally and especially for GOLD tokens purpose and use it as a vault.
I have private keys stored in 3 safe places and only me and my closest family know about them.

I store all cryptocurrencies and tokens like this and was never hacked so far. Of course, you can check Ledger Nano because this wallet is known to be good and safe, but after latest news about the Trezor wallet, I am skeptical about all of them. I have read an article yesterday, that Kraken Labs researchers were able to hack into Trezor wallet in fifteen minutes. This is just insane and until not proven that these wallets are completely safe, I will keep my coins and tokens in offline paper wallets.

Kraken Labs... carried out a controlled attack on Trezor's portfolio. The whole attack took only about 15 minutes. Problem applies to both Trezor One and Trezor Model T. Conclusion? Trezor is not safe. However, this is not the first time... vulnerability could allow the extraction of encoded seed stored on the victim device. With the help of the brute force technique, forcing the PIN code "by force", hackers can gain control over the funds... the attack uses the technical disadvantages of the device itself... it will be difficult to solve this problem without actually redesigning the entire device...

If somebody wants to read more about this hack, here is link to full article: https://bithub.pl/wiadomosci/trezor-nie-jest-bezpieczny-badacze-zlamali-zabezpieczenia-w-kilka-minut/

[libert19]

....there is only one problem with the BTC payment getting bigger...

Are you talking about the BTC network congestion and many unconfirmed transactions that are waiting in the mempool queue or about the latest problem on the Digital Golg marketplace itself?

As we can see they are already working on this problem and with the clogged BTC network not much can be done TBH. The only way is to send transaction with a lot bigger fee or to use ETH instead.
I always try to use ETH on the Digital Gold market because is faster, cheaper and I have never waited more than a few minutes and I did already dozens if not hundreds of transactions there.

Of course, if you only have BTC in your wallet, then there is not much you can do in such situation. I would advise checking the BTC network before sending transaction.
https://jochen-hoenicke.de/queue/#0,4d

Haha, transaction fee has never been a boring story. Honestly guys, this week, two or four days ago, I moved my funds from Binance, and to be honest I noticed the transaction fees to move a same amount of fund in BTC is nearly 4 or 5 fold compares to the fees for moving it as USDT on ERC20 (not OMNI, of course).

Bitcoin is the King in crypto, I totally agree and I won't start a discussion about it. It is the truth so there is no demand to prove it. The longer time you spend in crypto, the more solidly perception on that you will have. Nevertheless, when you want to move your funds, bitcoin should not be your first priority.

Reasons: Bitcoin block time is about 10 minutes per block and most of platforms often require 3 confirmations to credit to your account balance. So if you move your funds in bitcoin, when transaction fee is low, and your fee is set up at good rate, your balance will be credited after 30 minutes in perfect condition. If not, you will have to wait longer.

In such cases, let choose other cryptocurrencies. Fortunately, on GOLD marketplace, we have Ethereum. It will be a pleasure to have USDT in the future but I worry about conflict of interests. 

Ethereum is kinda bad too, currently it's like 25c but around a week ago you you had to a buck or two for fast transaction, and remember its hovering around $200 right now, if it were on ath the same fees would $6-$8, it's not good. I had hopes for eos but after that RAM fiasco, i find it trash now lol

[nicko122]

Tokens backed by gold should be very reliable, so this project should be of interest to many people, including people of the old school. Can you tell what makes your project reliable?

[GOLD_official]

Tokens backed by gold should be very reliable, so this project should be of interest to many people, including people of the old school. Can you tell what makes your project reliable?

Dear nicko122,

You can find many different posts in this thread about our project. By the way, you can read the whitepaper https://gold.storage/wp/White_paper_en.pdf where we wrote all our advantages.

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

[Vital_Z]

I don’t quite understand how profitable it is to invest money through tokens, and not directly buy gold if there is such a goal. What are the benefits of buying your tokens?

[NeuroticFish]

I don’t quite understand how profitable it is to invest money through tokens, and not directly buy gold if there is such a goal. What are the benefits of buying your tokens?

Let's say you bought in 18 June 1000$ worth of Gold token and you'd sell today. You would have earned about 40-45$. In less than a month.
Why that? Because GOLD token price is tied to actual gold's price. As simple as that.

You can find a chart of gold price on international markets here: https://goldprice.org/gold-price-chart.html


And since gold is going mostly up and the fluctuations are not as high as for Bitcoin, gold is considered by many a much safer investment. And GOLD token makes it easier.
Clearer?

[tbct_mt2]

And since gold is going mostly up and the fluctuations are not as high as for Bitcoin, gold is considered by many a much safer investment. And GOLD token makes it easier.
Clearer?

I guess that he worried about the legitimacy of GOLD token, not about gold price. The website and the white paper have good information for him. If he need something instantly to catch his eyes and attract him to spend more time with GOLD token, there is:

By the way we have great news! Digital Gold continues to move on. We issued 2000 GOLD tokens and added 2 kilos of gold to the BullionStar vault. Gold availability can be checked in real-time on the website https://www.bullionstar.com/myaccount/audit account number 17081. The total amount in the vault is 9200 grams of gold.

Let's check the legitimacy of GOLD token with the guide given by GOLD_official.

[GOLD_official]

I don’t quite understand how profitable it is to invest money through tokens, and not directly buy gold if there is such a goal. What are the benefits of buying your tokens?

Let's say you bought in 18 June 1000$ worth of Gold token and you'd sell today. You would have earned about 40-45$. In less than a month.
Why that? Because GOLD token price is tied to actual gold's price. As simple as that.

You can find a chart of gold price on international markets here: https://goldprice.org/gold-price-chart.html


And since gold is going mostly up and the fluctuations are not as high as for Bitcoin, gold is considered by many a much safer investment. And GOLD token makes it easier.
Clearer?

Dear NeuroticFish,

Now it is better to compare GOLD token with other fiat stablecoins like USDT. They are still direct competitors. During the year, the GOLD token price rose 25% against USDT. Moreover, with the prospect for the next 10 years, it is even scary to think about how much USDT will depreciate in the future,  due to central bank money printing.

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