Token been sent to 0x0000000000000000000000000000000000000000

[akirasendo17]

Have you ever experience that your token or coin are sent to 0x0000000000000000000000000000000000000000
address without your knowledge?
In my experience someone maybe inside my etherwallet have move my token to this address,
i mean whose fault is this, but my other coins where not even touch,
here is the image,


In some post i saw people posting that they accidentally sent it to an empty address
but in my case i never open my account, have this happen to anyone?
what are are the precautions you have done

[BlackFor3st]

Have you ever experience that your token or coin are sent to 0x0000000000000000000000000000000000000000
address without your knowledge?
In my experience someone maybe inside my etherwallet have move my token to this address,
i mean whose fault is this, but my other coins where not even touch,
here is the image,


In some post i saw people posting that they accidentally sent it to an empty address
but in my case i never open my account, have this happen to anyone?
what are are the precautions you have done

It never happened to me for more than six years that I am using myetherwallet, it will be best if you will double check your private details especially your private keys because there is a big chance that someone has your private keys and do the transaction.

You can ask your families,friends or anyone that you know that can access your computer,cellphone or your gadgets where your private keys are sitting. Sending to that kind of address is like burning the tokens, that what I saw when some of the project owners burn their unsold tokens.

[akirasendo17]

they never know my keys , have someone experience this in gold campaign?

[fuer44]

I have never experienced that, maybe it would be a bad thing. do you often open wallet in a normal browser and not delete the history? I think it's also quite vulnerable besides securing the keystore and private key. so there are some people who suggest to enter incognito mode when accessing the wallet so that our history is not recorded online.

[Ozero]

Have you ever experience that your token or coin are sent to 0x0000000000000000000000000000000000000000
address without your knowledge?
In my experience someone maybe inside my etherwallet have move my token to this address,
i mean whose fault is this, but my other coins where not even touch,
here is the image,


In some post i saw people posting that they accidentally sent it to an empty address
but in my case i never open my account, have this happen to anyone?
what are are the precautions you have done

It never happened to me for more than six years that I am using myetherwallet, it will be best if you will double check your private details especially your private keys because there is a big chance that someone has your private keys and do the transaction.

You can ask your families,friends or anyone that you know that can access your computer,cellphone or your gadgets where your private keys are sitting. Sending to that kind of address is like burning the tokens, that what I saw when some of the project owners burn their unsold tokens.

Yes, these are very strange transactions. This is completely unlike a wallet hack. If someone had taken possession of the private key from this wallet, he would not have withdrawn 0.001 coins, but immediately the entire number of coins in the wallet. This is similar to some unexplained failures, because the withdrawals are very small.

[CryptopreneurBrainboss]

I have participated in Gold stablecoin signature campaign for quite some number of months and irrespective of me moving my tokens out of the wallet immediately it get a monthly payment or keep it for some number of days, I still get a withdrawal (OUT) transaction the next day, just as it displays in the image on the OP.

The address this tokens are sent to is known for holding tokens that are meant to be burned. Therefore I presume it's a strategy deployed by Gold stablecoin to keep the supply low by constantly burning 0.001 Gold every day from all their token holders that's to constantly reduce the supply of Gold token. If your Gold token balance is 0 you only get a OUT transaction of 0 Gold token in 24hrs but if you have some amount of Gold token in your wallet you get a reduction of 0.001 Gold token daily.

Ps: it's best you direct you question to their announcement thread to get a more accurate and reliable response from the token developers themselves.  Also this isn't the only project using this strategy to burn their supply of token, I have held several alt that did the same.

[xvids]

Have you ever experience that your token or coin are sent to 0x0000000000000000000000000000000000000000
address without your knowledge?
In my experience someone maybe inside my etherwallet have move my token to this address,
i mean whose fault is this, but my other coins where not even touch,
here is the image,


In some post i saw people posting that they accidentally sent it to an empty address
but in my case i never open my account, have this happen to anyone?
what are are the precautions you have done

I have been part of GOLD signature campaign and if I am not mistaken they already explain it to every GOLD holders.
I haven't paid attention about it but it was something about to keep the demand or something maybe you should just read it on their thread,Telegram.
And even if your wallet doesn't have GOLD you would still see some transaction about gold being sent from your wallet to that address.

[$crypto$]

I have been using the Eitherwallet wallet for a long time, but there have been no problems up to now. I have always used Myetherwallet to send tokens or both.
Do you use an application such as another wallet so that you can operate on your own? this should be prevented immediately fortunately that sent not much just a little, my advice is never to import PK into the wallet storage application or it could be your fault.
Correction again.

[bgaf]

The address this tokens are sent to is known for holding tokens that are meant to be burned. Therefore I presume it's a strategy deployed by Gold stablecoin to keep the supply low by constantly burning 0.001 Gold every day from all their token holders that's to constantly reduce the supply of Gold token.

This is the answer on your query OP.

 So meaning these tokens payment of gold on your addresess are purposedly for burning their supply? However is this really possible? I mean could they set the smart contract to self deployed to a burning address? This is new to me. I didnt know they can still move coins from other's wallet even though the tokens stored already on a custodial wallet which the owner keeps its keys.

But if that's possible they shouldnt send a payment for bounty to their participants coming from a supposedly burn allocated tokens which will decrease the rewards of their participants.

[noorman0]

this can only be done when you have access to oyur wallet and other possibilities, you're using a wallet that uses this address as the default destination address when the user leaves it empty.

[Furious 7]

Do you remove the token from your own token or do you see the GOLD smart contract?
I think this does not happen to anyone including me even I am always connected to the internet but still there are no complaints that the tokens were sent by themselves.
May I see your wallet?
Does this happen every day?

[akirasendo17]

Do you remove the token from your own token or do you see the GOLD smart contract?
I think this does not happen to anyone including me even I am always connected to the internet but still there are no complaints that the tokens were sent by themselves.
May I see your wallet?
Does this happen every day?

This the first time , that has happen to me, i already contact the campaign manager hoping that it resolves the issue

[Furryball]

I'm a bit confused too but something is damn sure about that Ethereum address, its non exist address like those address that projects used to burn tokens by sending an amount to the address and they can't be recovered ever again

[Bttzed03]

If you read what @CryptopreneurBrainboss said, the next logical thing to do is to either asked the team directly or simply visit the whitepaper of gold token. They actually charge Gold holders of what they call as "service cost"

To make the project sustainable, a service cost has been implemented. As such,
GOLD token users can expect to have a small percentage of their holdings
charged on a daily basis. It is important to consider that the service cost is
designed to be either comparable, or lower than the fees associated with storing
gold at a depository or bank. Users can expect to pay a 0.99% annual storage fee.

Here's another one from the website:

Unlike cryptocurrencies pegged to US Dollar, Euro or other FIAT-currencies, your GOLD tokens cannot be expropriated or frozen while physical gold is held in a secure vault in a jurisdiction with strong property rights.. No hidden fees, free transactions between users and the lowest annual storage fee of 0.99% (0.0027% per day). Yearly storage fee is automatically charged from token holder's wallet by GOLD secure and audited smart-contract, based on Ethereum network, on daily basis.

If you don't want to have these charges, don't be a holder. Sell it.


Note that this does not apply on other tokens so don't expect others who doesn't have a Gold token to have a similar experience. Unless they hold tokens that were coded similar to Gold.

I think it's time to lock the thread.

[Google+]

Have you ever experience that your token or coin are sent to 0x0000000000000000000000000000000000000000
address without your knowledge?
In my experience someone maybe inside my etherwallet have move my token to this address,
i mean whose fault is this, but my other coins where not even touch,
here is the image,


In some post i saw people posting that they accidentally sent it to an empty address
but in my case i never open my account, have this happen to anyone?
what are are the precautions you have done

I also have never experienced such a problem because if some of your tokens suddenly come out and move to another wallet then someone might know your private key or know how to access your wallet.

and all I know is a wallet with the number 0 with a lot like that is just a wallet that is usually used to burn supplies because no one can access the wallet.

Dear akirasendo17,

Answered you in PM. This is a daily fee for holding gold token. The contract automatically take it from your wallet. https://gold.storage/en/fee

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

well I think your problem has been answered directly by the official team of gold stable coin.

[NeuroticFish]

Have you ever experience that your token or coin are sent to 0x0000000000000000000000000000000000000000
address without your knowledge?

As a promoter of GOLD token, you should have done your homework better.
@Bttzed03 has posted the relevant things and indeed, it's the daily fee you pay for the storage of the actual gold and it's probably coded in the contract of the token and done automatically. So don't worry, nobody is accessing your key.

I would add that exchanges don't pay this fee so if you want to HOLD and don't want to pay the fee, you can take the risk of keeping the tokens at an exchange.

[r32godzilla]

This address represents an address without private key, respectively there is almost zero change that private key for this address will be generated. So it is a food address when you would like to reduce the token supply - you burn the tokens. But the question is if smart contract owner can do that without your knowledge.

[Divinespark]

Are you sure you didn't do this? Because only private key holders can move tokens to other addresses. You need to double check your security as I suspect that your private key has been stolen and you may need to change to a new address to keep this situation from happening

[rhey]

I have never experienced anything like that but the experience I met when we sent 0 ETH to get a token and it could be very profitable because I only pay for the transfer fee

[akirasendo17]

Are you sure you didn't do this? Because only private key holders can move tokens to other addresses. You need to double check your security as I suspect that your private key has been stolen and you may need to change to a new address to keep this situation from happening

no, i wont burn my token they have not get back to me yet waiting for confirmation