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

[GOLD_official]

I look around the website today and found that the figure in features page is not accurate. The team can check and correct the typo if it is truly a typo. Other pages show the annual storage fee is about 1% (0.99%) as you pointed out but in the features page, it is given at 9.95%.

Dear tbct_mt2,

Thank you for that information. It was a mistake of website developers. I will forward it to the team and they will edit that.

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

[1714785299]

1714785299

[1714785299]

1714785299

[wwzsocki]

...fee will be taken every 10 days and the problem for almost all wallets with a small GOLD balance has been solved...

Just want to confirm this announcement.

Is this already implemented? What is the maximum of GOLD tokens we can hold in the wallet to be eligible for the smaller fee?


PS
Of course, I like this idea very much and big applause for that implantation to the Digital Gold team.

[libert19]

...fee will be taken every 10 days and the problem for almost all wallets with a small GOLD balance has been solved...

Is this already implemented?

Looking at my address, yes. This was implemented around 17 days ago.

[GOLD_official]

...fee will be taken every 10 days and the problem for almost all wallets with a small GOLD balance has been solved...

Just want to confirm this announcement.

Is this already implemented? What is the maximum of GOLD tokens we can hold in the wallet to be eligible for the smaller fee?


PS
Of course, I like this idea very much and big applause for that implantation to the Digital Gold team.

Dear wwzsocki,

Yes, it is already implemented. We take a fee every 10 days and the minimum amount is 0.001 GOLD. If you hold a big amount it will be a 0.99% annual fee. I counted now if you hold 3.68 GOLD or more, you will be taken 0.99% annual fee.

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

[Dowox]

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission.  Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

[GOLD_official]

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission.  Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,

Thank you for your comments.

Investors have some ways to store gold.

- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.

The choice is yours.

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

[Leviathan.007]

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission.  Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

The team didn't do any ICO to earn some money and get some more investors for the project. Also, they receive nothing as transaction fee. They are literally using their own money for the project. It's completely normal to take some share as commission for them to help the project. However, the commission is much lower to be discussed. Comparing the risks you take while holding physical gold, the commission is not high at all.

[wwzsocki]

...We take a fee every 10 days and the minimum amount is 0.001 GOLD. If you hold a big amount it will be a 0.99% annual fee. I counted now if you hold 3.68 GOLD or more, you will be taken 0.99% annual fee...

Confirmed, I have just seen a transaction was deducted from my wallet and in the last days there was no daily payments as before.

Such a simple change and makes such a big difference, good work team.

[tbct_mt2]

It is my heads up for people who make their very first ERC-20 transactions or the Gold marketplace trades.

Sometimes, your transactions will be stucked if you use low gas price and the Ethereum network suddenly becomes more full. You will need to cancel your transactions or replace them.

[GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

Remember that when you use the Gold marketplace, you will have to send your Gold tokens to the ETH address that is given by the Gold marketplace. That address is not the address you will receive your tokens. In other words, you can not move your GOLD ERC-20 tokens from your wallet to your ETH address in your trading exchange. Send them to address on GOLD marketplace, and the marketplace will send ETH or BTC to your exchange address.

If you make that mistake and luckily enough if you use low fee, your transaction is still Pending, you can cancel it. When you cancel your wrong transaction, choose high Gas price as you need to cancel as fastest as possible.

Exchanges don't give you support to claim your GOLD ERC-20 tokens that were sent to your ETH address by your mistakes.

[GOLD_official]

It is my heads up for people who make their very first ERC-20 transactions or the Gold marketplace trades.

Sometimes, your transactions will be stucked if you use low gas price and the Ethereum network suddenly becomes more full. You will need to cancel your transactions or replace them.

[GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

Remember that when you use the Gold marketplace, you will have to send your Gold tokens to the ETH address that is given by the Gold marketplace. That address is not the address you will receive your tokens. In other words, you can not move your GOLD ERC-20 tokens from your wallet to your ETH address in your trading exchange. Send them to address on GOLD marketplace, and the marketplace will send ETH or BTC to your exchange address.

If you make that mistake and luckily enough if you use low fee, your transaction is still Pending, you can cancel it. When you cancel your wrong transaction, choose high Gas price as you need to cancel as fastest as possible.

Exchanges don't give you support to claim your GOLD ERC-20 tokens that were sent to your ETH address by your mistakes.

Dear tbct_mt2,

Thank you for such good guide. This information will be helpful for all GOLD token users.

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

[Dowox]

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission.  Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,
Thank you for your comments.
Investors have some ways to store gold.
- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.
The choice is yours.
Regards,
Support Team @ Digital Gold
https://gold.storage

Sorry, maybe I was a bit impulsive, what you say is obvious but here is one thing. I want you to understand it. When I invest in physical gold (buy 100 grams for instance) and put it into real bank vault (no doubt I’ll pay commission for holding my physical gold in safe) when I'll came back in a year, two years, ten years or more, I’ll take back 100 grams of physical gold and no gram less.
However all investors that invest in your Gold, firstly, never saw that physical gold (so this project is totally based on credibility). Secondly, every 10 days they observe how their Gold vanishes. Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

[tbct_mt2]

Ethereum: how to save even more on gas price with a weekly plan
When is the best time to send Ethereum transactions?

GOLD token is a ERC-20 one so it is necessary to schedule transactions to save fees. Two articles on Medium are very informative for your transaction schedule.

In addition, the Gas Now website is great to support for your practice from statistics you get from 2 articles.
https://www.gasnow.org/
The default table is informative but you can get more if you scroll the bar (to left or right side), you will get how regularly transactions with your interesting gas price were confirmed within last weeks and in which hours.

[libert19]

Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

There is nothing they can do and neither it is purpose of the token.

[GOLD_official]

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission.  Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,
Thank you for your comments.
Investors have some ways to store gold.
- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.
The choice is yours.
Regards,
Support Team @ Digital Gold
https://gold.storage

Sorry, maybe I was a bit impulsive, what you say is obvious but here is one thing. I want you to understand it. When I invest in physical gold (buy 100 grams for instance) and put it into real bank vault (no doubt I’ll pay commission for holding my physical gold in safe) when I'll came back in a year, two years, ten years or more, I’ll take back 100 grams of physical gold and no gram less.
However all investors that invest in your Gold, firstly, never saw that physical gold (so this project is totally based on credibility). Secondly, every 10 days they observe how their Gold vanishes. Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

Dear Dowox,

One more thanks for such posts.

You are completely correct. Storing physical gold in a safe deposit box is a good option.

However, from the point of investments buying 100 grams of gold does not make any sense. The spread will be around 10%. It will be equal to the GOLD token fee for the next 10 years.

More is that the rent of a small deposit box will cost you 30-50 euro a month. If you come back 10 years later you may not receive even 1 gram of gold back. All of its costs will go to pay for the rent.

Therefore, it is optimal to buy and store at least 1 kilogram of physical gold. Today it is about $ 55,000.

Investors don't really see the gold stored in the BullionStar vault. But it is the same that investors do not see gold when buying ETFs and they can't exchange it for physical gold.

Therefore, every investor who buys paper, physical or digital gold makes a decision based on many different conditions and desires.

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

[StartupAnalyst]

Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

There is nothing they can do and neither it is purpose of the token.

Yes, Gold token purpose is diferent. It enables users anonimously to sell, buy and hold   physical gold via ERC-20 Gold token. That is by itself a very attractive function.

[Dowox]

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission.  Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,
Thank you for your comments.
Investors have some ways to store gold.
- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.
The choice is yours.
Regards,
Support Team @ Digital Gold
https://gold.storage

Sorry, maybe I was a bit impulsive, what you say is obvious but here is one thing. I want you to understand it. When I invest in physical gold (buy 100 grams for instance) and put it into real bank vault (no doubt I’ll pay commission for holding my physical gold in safe) when I'll came back in a year, two years, ten years or more, I’ll take back 100 grams of physical gold and no gram less.
However all investors that invest in your Gold, firstly, never saw that physical gold (so this project is totally based on credibility). Secondly, every 10 days they observe how their Gold vanishes. Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

Dear Dowox,
One more thanks for such posts.
You are completely correct. Storing physical gold in a safe deposit box is a good option.
However, from the point of investments buying 100 grams of gold does not make any sense. The spread will be around 10%. It will be equal to the GOLD token fee for the next 10 years.
More is that the rent of a small deposit box will cost you 30-50 euro a month. If you come back 10 years later you may not receive even 1 gram of gold back. All of its costs will go to pay for the rent.
Therefore, it is optimal to buy and store at least 1 kilogram of physical gold. Today it is about $ 55,000.
Investors don't really see the gold stored in the BullionStar vault. But it is the same that investors do not see gold when buying ETFs and they can't exchange it for physical gold.
Therefore, every investor who buys paper, physical or digital gold makes a decision based on many different conditions and desires.
Regards,
Support Team @ Digital Gold
https://gold.storage

Mr.Gold, I’ve just meant that investors pay holding commissions to the bank by fiat money so the general amount of their physical gold doesn’t reduce. For a while I thought that you also can take holding commission in some other crypto. To my mind it would be right but that will complicate your system. Nevertheless thank you for an interesting discussion.

[Buchi-88]

Today I looked for GOLD on Coinpaprika, unfortunately I did not find a listing on Coinpaprika?

IT's possible for the team to fill out the request at Coinpaprika?

https://coinpaprika.com/add/

THX

Dear Buchi-88,

It is the first time when we see that website. We will ask the team to add a GOLD token on that platform.

So how does this project develops? I don't see many news here and also twitter account is not working right now. Would be nice to know more about how things are going for this project

Dear azrandys,

The most fresh news is published in official telegram channel. https://t.me/digitalgoldcoin subscribe and follow it.

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

I aslo send the request to Coinpaprika, and today i become the Mail that GOLD is listed at Coinpaprika!

https://coinpaprika.com/coin/gold-digital-gold/

[GOLD_official]

Today I looked for GOLD on Coinpaprika, unfortunately I did not find a listing on Coinpaprika?

IT's possible for the team to fill out the request at Coinpaprika?

https://coinpaprika.com/add/

THX

Dear Buchi-88,

It is the first time when we see that website. We will ask the team to add a GOLD token on that platform.

So how does this project develops? I don't see many news here and also twitter account is not working right now. Would be nice to know more about how things are going for this project

Dear azrandys,

The most fresh news is published in official telegram channel. https://t.me/digitalgoldcoin subscribe and follow it.

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

I aslo send the request to Coinpaprika, and today i become the Mail that GOLD is listed at Coinpaprika!

https://coinpaprika.com/coin/gold-digital-gold/

Dear Buchi-88,

Thanks for taking care of the project. We are very grateful for that.

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

[wwzsocki]

I aslo send the request to Coinpaprika, and today i become the Mail that GOLD is listed at Coinpaprika!

https://coinpaprika.com/coin/gold-digital-gold/

Great job, next free merit will go to you.

We need to spread the word as a community and as Digital Gold project supporters.

I like to talk and advertise GOLD token to people on social media, of course many don't know it and they are very surprised when I tell them that exactly Digital Gold was the first that tokenize real gold and made it possible for crypto enthusiast to use it.

With so many people, we have the power to make Digital Gold viral on social media, spread the word guys, help a bit to make more awareness everyday, just like @Buchi-88 did.

[cheezcarls]

Can you explain the massive price dump here? Never saw this one coming in a sudden way!!!



This is the first time I've seen this coin getting dumped this big instantly. Probably a whale dumper or something?