There are more than 30 projects dealing with gold backed cryptocurrencies right now. Some coins are already listed on exchanges, some projects are in the process of running an ICO, some are announced. Here is the list of these projects:
SudanCoin
Goldcrypto
BaselBit
Aurus
GoldMineCoin
Realescoin
Gold Bits Coin
XGold
PureGold
Darcio
OneGram
Xaurum
GoldMint
HelloGold
DigixGlobal
Flashmoni
Gold Cryptocurrency
ZenGold
BullionCoin
X8currency
Royal Mint Gold
Golden Currency
OZcoinGold
Orocrypt
IC3 Cubes
GoldBlocks
DinarDirham
CURRENSEE
Anthem Gold
AssetBase
Airgead
Goldbloc
Karatcoin
My questions are:
1. What do you think of the general concept common for all the above-mentioned projects?
2. What do you think of the projects that run ICO in order to invest in gold exploration, mining and processing?
3. Is it actually possible to connect real gold and cryptocurrencies in your opinion?
4. If yes, what are the most promising projects in your opinion?
5. Which of the projects look like scam in your opinion, and why?
1 They are running the same concept and total crap in my opinion.
2 If i can do that easily and why do i need to put my amount to another person just like the developer of ico? because they are all less on the transparency.
3 The only possible thing just like petro-oro. They are all not backed by anything or even gold.
4 A project that tries to develop the future financial technology. It's needed by a lot of people and companies.
5 All of them. They were saying if that was so easy as they said but the fact none of them backed by real gold at the moment.
I agree with this poster.
Those projects are just trying to fund themselves. They do not need a crypto token.
It's 2018, nobody's buying into this bullshit anymore.
It's just "hey guys fund us, we gonna give you back all of what you put into us and more". How many of these projects are able to do this?