Hello, could you tell me what exact gold been used for backing that coin? A personal gold reserves of the development team? How is it protected? I mean if the team would decide to sell all the gold the users of the platform might lose lot of money
Hi! Sure, only 999.9 certified gold will be used for backing. Many options will be used to make gold as secure as possible, starting from independent management and ending with blockchain and independent audit. Reliability is the key of the project, and making sure that the gold is secured in vaults and Golden user can any time change it into Gold is one of the key issues of our project. You can find more details in our White Paper at
https://goldencurrency.world/white_paper_eng.pdf