Samayuki (OP)
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December 11, 2019, 12:24:21 PM |
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what do you guys have to say about new projects that are backed by real gold? do you know any project that is legit and backed by real life Gold and not scam? any one have information about PGpay project?
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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kolonel_x
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December 11, 2019, 12:36:43 PM |
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I do not know about the PGpay project whether this is supported by real gold or not because I have never participated in the project. But there is a Digital Gold (GOLD) project that is supported by 99.99% real physical gold https://gold.storage/en/audits and you can check it there, I'm honest this is true real gold based on ethereum smart contracts. |
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fortunecrypto
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thecryptocurrency.directory
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December 11, 2019, 12:43:30 PM |
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what do you guys have to say about new projects that are backed by real gold? do you know any project that is legit and backed by real life Gold and not scam? any one have information about PGpay project?
I think Xaurum started this trend three years ago https://coinmarketcap.com/currencies/xaurum/ I remember participating on their signature campaign and this is one of my best campaign back 2017 where bounty campaign was so much different from the bounty campaign today, I don't know if there are coins, backed by gold before Xaurum. |
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DaMut
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December 11, 2019, 12:47:50 PM |
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what do you guys have to say about new projects that are backed by real gold? do you know any project that is legit and backed by real life Gold and not scam? any one have information about PGpay project?
xaurum and digital gold are the projects that I know that is backed by real gold, about pgpay project. it is very sketchy for me, there is no information about the reserve assets and their partner is unknown. there is no audit about that project, do they have it? |
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avikz
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December 11, 2019, 12:58:43 PM |
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There may be real projects available in the crypto market that is backed by gold. But there's literally no way for us to know if they are genuine or not! Even for Xaurum project, no one can tell if they are real!
Same goes for PGpay as well! Their website may not look very professional like other pro websites but the looks can be deceiving. There's no way anyone is going to confirm you about it! The challenge is not whether the tokens are backed by gold or not but the important part is credibility. Their office address is nowhere mentioned! Neither any credible audit company is appointed! So take your own call!
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mu_enrico
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Slots Enthusiast & Expert
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December 11, 2019, 01:03:52 PM |
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Here's what you should do to test whether a token really backed by gold or just a "possible" scam.
(1) Search on the website about how to convert x number of token into x grams of gold.
(2) Try to convert a small number of tokens (1) and test the gold (that has been given to you) in a reputable gold store.
(3) If (2) is real gold, then the business could be legit.
(4) How about if they suddenly disappear? Then you should use regulated gold dealers with a good reputation only, to minimize this kind of risk.
Or, just buy physical gold.
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Ucy
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December 11, 2019, 01:07:10 PM |
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what do you guys have to say about new projects that are backed by real gold? do you know any project that is legit and backed by real life Gold and not scam? any one have information about PGpay project?
This is actually not the first gold-backed cryptocurrency project. Many have come and go. I think only few exist today. In my opinion, a Crypto project has to be well decentralized or under some sort of government regulations otherwise it is scam or potential scam. But if by scam you mean the project is not profitable short-term, then I don't know about that. The best thing to do is to research into project and make sure all claims are true. https://bitcointalk.org/index.php?topic=5206043.0 |
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nicecrypto
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December 11, 2019, 02:54:53 PM |
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Am also wondering anytime i come across such project that claims they are backed with real Gold how it is possible and how can one determine this to prove it's authenticity, i am thinking most of this project claiming to be back up with gold are not legit, take JinbiToken as an example, everything is not clear with that project.
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desticy
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December 11, 2019, 03:12:06 PM |
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Personally, I don’t like coins that are secured by anything, because in any case, you will only have numbers in your personal account until the physical request for a secured product, be it dollars, diamonds or gold.
For example, if the project responsible for providing closes the tax or other regulatory structures, you will only have the numbers in your personal account, if it still works.
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target
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December 11, 2019, 03:34:47 PM |
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Its working for some projects like XAURUM, the issues arise about gold or real asset backed crypto is that its centralized. The old users in the forum had been discussing it which they learned that the gold reserved has to be regularly checked because it could happen that it may not be real. Its possible that the team is just deceiving investors also because they are the ones know only knew the situation and where the gold reserves are.
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Winscosinally
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December 11, 2019, 03:52:17 PM |
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what do you guys have to say about new projects that are backed by real gold? do you know any project that is legit and backed by real life Gold and not scam? any one have information about PGpay project?
Very limited are projects that are really backed by gold and even those that are successful in ICO or IEO too, we have no way to know if they actually are backed by real gold, we are all humans and lying about things for money is in the blood |
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Kupid002
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December 11, 2019, 03:54:56 PM |
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what do you guys have to say about new projects that are backed by real gold? do you know any project that is legit and backed by real life Gold and not scam? any one have information about PGpay project?
they are many project before claiming that they are backed with real gold , but if you check the price of that coins mostly of it has no value right now. Maybe they have the real gold but the price of token is not actually real. |
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judaspriest
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C O M B O
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December 11, 2019, 04:42:29 PM |
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what do you guys have to say about new projects that are backed by real gold? do you know any project that is legit and backed by real life Gold and not scam? any one have information about PGpay project?
I can't say they are Scam! Because it depends on their own company, if they have strong funds, I think they will be fine, because they have to have gold in the project, if their gold runs out I don't know what going on with that project, are you going to invest there? |
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Nalbo
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December 11, 2019, 04:51:51 PM |
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what do you guys have to say about new projects that are backed by real gold? do you know any project that is legit and backed by real life Gold and not scam? any one have information about PGpay project?
Can't say about all. I'd rather say most of them have no credibility at all. For a stablecoin to be backed by gold, they should have a fixed amount of gold locked up in some safe place which are not in total control of themselves. They should audit it with independent auditors and be insured by any real insurance company. Most of them don't satisfy any of these needs. |
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Bitbtc8
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Honestly all coins that are backed by real gold should be the most profitable coins on CMC today but all of them have no good value, the answer is not that hard to see, there is never a real gold involved here, its all lies
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confreslamp
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CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM
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December 11, 2019, 05:00:36 PM |
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Most likely not, but for sure there are some projects that backed some part of their tokens with Gold. But I can hardly imagine that a fresh ICO is able to back 100 million tokens with Gold even before the token sale launch.
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Tipstar
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Smart World Global Token
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December 11, 2019, 05:03:25 PM |
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I don't personally trust any of them as most of the doesn't seem to have an enough capital to start such a fund. I'd only believe the gold backed coins by popular crypto companies like Binance or Coinbase. I may sound like a biased person but I don't want to risk my money specially when I'm putting it into something stabler.
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Stanlo
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December 11, 2019, 05:06:17 PM |
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Just view it this way, Gold backed projects are suppose to be self funded or launch IEO on top exchange like binance or huobi but still these projects that claimed to be backed by real gold still find it hard to raise funds, isn't that alarming???
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rafajunior99
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December 11, 2019, 05:11:58 PM |
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For the PGpay project, I see that their website is very convincing, but I don't know in the future whether they are really serious about running the project, so for that you have to be careful in choosing projects, but if you want to invest, it's better to choose which is already on the market just to avoid the risk of big loss for you.
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bittraffic
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December 11, 2019, 05:20:45 PM |
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Just view it this way, Gold backed projects are suppose to be self funded or launch IEO on top exchange like binance or huobi but still these projects that claimed to be backed by real gold still find it hard to raise funds, isn't that alarming???
There were projects that still made it to the market which were backed by gold. Populous project has a side chain project that were backed by gold which is the XAUp ERC1155 Pokens which I have no idea. I've never seen anything like it but you can find its information on populous website https://populous.world/invoice-finance/what-are-gold-pokens.html I have no doubts PPT is a legit project, there is no one yet had created a scam accusation about it though. |
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