Quote from: AmoreJaz on December 28, 2018, 09:17:38 PM

Quote from: GOLD.IO on December 27, 2018, 11:08:33 PM

Quote from: AmoreJaz on December 27, 2018, 10:06:40 PM

Quote from: GOLD.IO on December 26, 2018, 09:23:48 PM

Quote from: AmoreJaz on December 26, 2018, 08:07:08 PM

every gold-backed project in this community was criticised as another crap one because in actuality, they dont have the real gold backing. i know one for sure who has real gold in their stash, which is the xaurum project. but lets see what youve got. too early to tell anyway.

You're right, quite many "golden" projects are... well, let's call it disappointing. While others are indeed gold-backed and deserve much more exposure and liquidity. We aspire to build a DEX which will be able to harbor all the reputable gold-related projects, and Xaurum is, of course, one of the first tokens to list

so are you going to list tokens or altcoins that are gold-related only? or those are your priorities? how are you going to filter the legitimacy part of a particular project when it comes to gold-related claims?

Correct, we want to prioritize gold-related projects but also provide an opportunity to trade other kinds of "digital gold"

When it comes to the coins which are pegged to a certain amount of physical gold, the only way to tell if it makes any sense is to check how it's stored and audited. We have communicated to accountable companies and experts in the gold market, specifically in gold storage, so that we would understand the nature of those claims. And as the DEX develops, the tokens to be listed will always be evaluated by its community with the final decision made through voting.

that would be nice if you can really implement such procedure. validating their gold certificates is one way to verify their claims also. though they can produce fake docs but you can tell the difference of the authentic ones if youve been in this industry for so long. but whatever path you will take, as long as you do your part to establish the veracity of those projects, thats fine with me.

Sure! It's easier when they are issuing tokens on the basis of the existing golden business, with all the rest it can be... anything. We were looking at the Royal Mint crypto project with much hope, but then it was canceled. This kind of move would really help to create credibility, for all the industry. We cannot exclude though that another big institution won't come up with the same idea, there are gossips... That would be exciting