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

[Suke_Teki]

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Right, of the many projects that say that their tokens are backing with gold, I think only this Digital Gold project is really real and the price is stable, in accordance with the movement of gold prices.

[monineklutak]

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Right, of the many projects that say that their tokens are backing with gold, I think only this Digital Gold project is really real and the price is stable, in accordance with the movement of gold prices.

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

[hulla]

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Right, of the many projects that say that their tokens are backing with gold, I think only this Digital Gold project is really real and the price is stable, in accordance with the movement of gold prices.

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

This project will definitely last because the project team consists of people who are 100% good in the financial, economic, blockchain etc. this why they successfully implemented in few months the platform which some project cant do for years.
 With that been said, Gold token is a genuine stablecoin which outstanding and cannot be compared to USDT, USDC etc because they actually pegged to fiat currency (USD) and they shouldn't be called stable coin either.

[magicrypto]

I am interested on how long this token can maintain the value of 1g of gold at current rate of $46.97? So basically, we should be looking at charts in a stable range of around $46.0 - 47.0. If they can sustain the rate 6 months onwards and follow the price of gold, then, I would say, the team is doing some good handling of this project.

Dear tippytoes,

The price of the GOLD token depends on the real gold price. That's why if the gold price will rise or fall the price of the GOLD token will move in the same way.



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

Hi GOLD_official, please check your PM, thank you!

[wwzsocki]

This project will definitely last because the project team consists of people who are 100% good in the financial, economic, blockchain etc...

From where you have this information Can you please show or point me to any evidence of your words

From what I know this was already discussed in this thread and the team is anonymous 

[hulla]

This project will definitely last because the project team consists of people who are 100% good in the financial, economic, blockchain etc...

From where you have this information Can you please show or point me to any evidence of your words

From what I know this was already discussed in this thread and the team is anonymous 

Yeah. You're right about the team not ready to expose their identity but I believe someone like you who's among the content and ANN thread writer should have know this information. i won't have said the statement above if i don't find it on the team website.

[wwzsocki]

...the project team consists of people who are 100% good in the financial, economic, blockchain etc...

...Can you please show or point me to any evidence of your words From what I know this was already discussed in this thread and the team is anonymous  

Yeah. You're right about the team not ready to expose their identity but I believe someone like you ...should have know this information. i won't have said the statement above if i don't find it on the team website.

Yes, you are totally right, sorry my mistake.



It is funny because this is the only fragment so far I have read about the Digital Project team and as you already know I have read all content available because of bounty campaigns (translations, content).

[Suke_Teki]

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

True, they have real gold, according to the number of tokens in circulation.
Circulation token: 9,200 tokens
Assets in Gold: 9,199 grams
From here I believe this project can run well.

[wwzsocki]

...if they are backed by gold...

GOLD - First 100% Liquid Stablecoin Backed by Gold

...prove 6 months if they can survive investing in Digital GOLD might be worth it...

I think the Digital Gold project has already 6 months because this thread was started on July 04, 2019.

...if GOLD doesn't have strong fundamentals...

Then it will be not GOLD anymore  

Do you know that GOLD is used as a store of value from thousands of years and you are saying that it has no strong fundamentals?

[kojektea]

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

True, they have real gold, according to the number of tokens in circulation.
Circulation token: 9,200 tokens
Assets in Gold: 9,199 grams
From here I believe this project can run well.

Are they holding it for real? If that is true wow, there are really a lot of funds that they have to hold, projects like this should be included in the big top because with that amount of gold, it will definitely be able to take interest and enough to continue to carry out special developments.

[hulla]

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

True, they have real gold, according to the number of tokens in circulation.
Circulation token: 9,200 tokens
Assets in Gold: 9,199 grams
From here I believe this project can run well.

Are they holding it for real?

Yes, they are and you can confirm their holding through the bullion vault audit which is also confirmed by the ChainSecurity.

projects like this should be included in the big top because with that amount of gold, it will definitely be able to take interest and enough to continue to carry out special developments.

You're right. Although, thf project was giving birth to 6months ago and already making waves but Rome is not built in a day causd theres alot of stablecoins in the market already but next year and year after the whole crypto community and investors will know that Gold is the genuine stablecoin we have in the crypto market.

[wwzsocki]

Are they holding it for real?

Yes, they are and you can confirm their holding through the bullion vault audit which is also confirmed by the ChainSecurity.

@Hulla, of course, this is great that you answered this question but I just can't shake that filling that this is pure signature spam and should be ignored and reported.

Member @Kojektea is on my IGNORE list already, so I have seen more spammy posts from him in the past.

I have nothing against newbie questions but this one was already answered multiple times, even on the last page a couple of posts above.

It will be enough to read a few posts to find the answer and every member at least should do this before jumping into discussion or asking questions.

Of course, this comment bumped the thread but from the time we have the BUMP button such spammy comments are not needed and not welcome on the forum.

Additionally, nobody wants to have spammy answers in his ANN thread, only real organic discussion about the project.

@Kojektea if you want to help and just bump the thread in the future, then use the BUMP button if you have nothing to say.

[hulla]

Are they holding it for real?

Yes, they are and you can confirm their holding through the bullion vault audit which is also confirmed by the ChainSecurity.

@Hulla, of course, this is great that you answered this question but I just can't shake that filling that this is pure signature spam and should be ignored and reported.

Member @Kojektea is on my IGNORE list already, so I have seen more spammy posts from him in the past.

I have nothing against newbie questions but this one was already answered multiple times, even on the last page a couple of posts above.

It will be enough to read a few posts to find the answer and every member at least should do this before jumping into discussion or asking questions.

Of course, this comment bumped the thread but from the time we have the BUMP button such spammy comments are not needed and not welcome on the forum.

Additionally, nobody wants to have spammy answers in his ANN thread, only real organic discussion about the project.

@Kojektea if you want to help and just bump the thread in the future, then use the BUMP button if you have nothing to say.

Thanks for the information. Thought he's not aware of the project potential but put have added him to my own ignore list either.

[kojektea]

if they are backed by gold, it means they have real gold, this is like USDT or USDC they are also backed by USD, but if GOLD doesn't have strong fundamentals and support I'm not sure they will last, you say right, prove 6 months if they can survive investing in Digital GOLD might be worth it

True, they have real gold, according to the number of tokens in circulation.
Circulation token: 9,200 tokens
Assets in Gold: 9,199 grams
From here I believe this project can run well.

Are they holding it for real?

Yes, they are and you can confirm their holding through the bullion vault audit which is also confirmed by the ChainSecurity.

projects like this should be included in the big top because with that amount of gold, it will definitely be able to take interest and enough to continue to carry out special developments.

You're right. Although, thf project was giving birth to 6months ago and already making waves but Rome is not built in a day causd theres alot of stablecoins in the market already but next year and year after the whole crypto community and investors will know that Gold is the genuine stablecoin we have in the crypto market.

Wow that is very cool and I can believe, surely they already have an official certificate so that it can be recognized by the public in real terms and I think of course they will have insurance

[GOLD_official]

Why Taking Profit in USD-backed Stablecoins Can Be Dangerous

For the whole year of 2018, the crypto market kept moving on the same downwards direction. Every time a new low was reached, people thought it to be the last one because crypto seemingly couldn’t fall any further – and yet it did, every time. Almost all the “dumb money” eventually accepted their losses and left the market.

More on: https://steemit.com/erc20/@digitalgoldcoin/why-taking-profit-in-usd-backed-stablecoins-can-be-dangerous

[GOLD_official]

Thinking of rejoining the family of Gold stablecoin promoters via signature campaign, any idea when the signature campaign is ending? sorry this is kinda offtopic here. (Deleting after I get a response)

Dear CryptopreneurBrainboss,

The bounty campaign is still going. Leave your posts in the bounty thread.

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

[wwzsocki]

Why Taking Profit in USD-backed Stablecoins Can Be Dangerous

More on: https://steemit.com/erc20/@digitalgoldcoin/why-taking-profit-in-usd-backed-stablecoins-can-be-dangerous

Good article but I can't agree that:

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

[GOLD_official]

Why Taking Profit in USD-backed Stablecoins Can Be Dangerous

More on: https://steemit.com/erc20/@digitalgoldcoin/why-taking-profit-in-usd-backed-stablecoins-can-be-dangerous

Good article but I can't agree that:

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

Dear wwzsocki,

Yes, you can do so. But the risks are higher than storing USDT in your wallet.

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

[CryptopreneurBrainboss]

Good article but I can't agree that:

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

[TeraBite]

Good article but I can't agree that:

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

That is very nice explanation why Gold backed coins have upper hand over USDT. Like FED is going to inject huge amount almost $450 Billion so there is inflation is very issue but Gold is gaining value against Dollar so that I also will do agree with this comparison.