Quote from: dugidox on September 24, 2018, 03:43:56 PM

Quote from: tippytoes on September 23, 2018, 10:48:03 PM

Quote from: dugidox on September 23, 2018, 10:44:53 PM

What is special with your exchange model, as you say Next-generation exchange, Bitstamp has gold bullion's available for withdrawal from 2015-2016, so it isn't anything new???
How do you plan handle legal compliance as you are planning open digital bank? You need payment institution license, Coinbase acquired license not long ago

They need to acquire first those legal documents before anything else. So many projects have tried and attempted to lure users with the use of gold, but sad to say, most of them are scammers. We will see how will this project provide all the necessary legalities here. Else, this is just another crap one.

Yes, exactly same thought, There was several project who had gold in their subjects, but i didn't remember any of them made something worth mentioning.
I didn't have time yet to check their whitepaper in details, but from that initial post, what makes me curious, how they plan bring gold pair with crypto?

Quote from: Godbex Solutions on September 24, 2018, 12:49:44 PM

Quote from: dugidox on September 23, 2018, 10:44:53 PM

What is special with your exchange model, as you say Next-generation exchange, Bitstamp has gold bullion's available for withdrawal from 2015-2016, so it isn't anything new???
How do you plan handle legal compliance as you are planning open digital bank? You need payment institution license, Coinbase acquired license not long ago

In cooperation with company Moro&Kunst Ltd. (whose representatives are part of Godbex team), Bitstamp was the first cryptocurrency exchange to offer the option of gold withdrawal, that was in late 2015. Godbex Exchange Module will not only enable gold purchase (withdrawal) but also a fast, cost efficient and easy position change between cryptocurrency and gold bars. Godbex exchange will introduce trading pair crypto/gold (one Troy ounce). Our partner Ceferin Law Firm is already preparing the necessary documentation for obtaining the digital bank license.

Offering gold at the free market, mean that everyone can buy, then it comes question..
I would like hear more on this, who would supply your gold reserves?

All Godbex users will have the possibility to buy / trade one Troy ounce gold bars (31.1035 g of pure gold) using GBE token as a bridge between crypto and gold. Each Troy ounce of gold will be backed by real Troy ounce gold bar, produced by certified refiners listed on Good Delivery list, issued by London Bullion Market Association. Good Delivery standard is the most reputable quality standard of gold in the market. Good Delivery bars have unique serial numbers, so that ownership of gold bars is transparent. Gold bars can be deposited in Godbex vaults (storage content will be fully insured and audited on a monthly basis) or delivered to users home address. These gold bars will be supplied by our long-term partners, worlds leading mints. Company Moro&Kunst Ltd. has been successfully cooperating with the mints for the last two decades, promoting the unique and traditional role of gold and supplying certified gold bars with the highest quality to individuals and companies.