Post
Topic
Board Announcements (Altcoins)
Re: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold
by
wwzsocki
on 25/09/2019, 11:13:52 UTC
I still keep reading about the Digital Gold project because I will fully understand how it works exactly and first what I thought about was the Gold of course, which has to be bought and stored.

There are so many scams in the crypto world that I just don't believe in empty words on a web page, only pure facts that I am able to check correctly.

So, I started to look for the stored gold, of course, because this is the core of this project and was very happy to find this after literally two clicks on the Digital Gold website.



On the project page https://gold.storage/en-US/audits everybody can easily find live audits reports with all detailed pieces of information about gold in the storage.

As, I am completely unable to believe, to any assurances and always have to see tangible evidence, I was very happy to find out, that all audits are firmed by  https://www.bullionstar.com, very well known company which offers 600 different products across 10 different categories related to gold and one of them is Bullion Vault Storage, which Digital Gold project is using.

This is very easy to validate certificates because Digital Gold provides storage live audit data on the https://www.bullionstar.com/myaccount/audit page and everyone can check everything carefully.



Transparency in such a project is the key. Still, I haven't found one last answer to my question, which is: How is guarded access to stored gold?

What I mean is that a bad actor won't have access, for example, someone from the project and how is it secured? Who has access and how is it billed?

I just wonder and I'm afraid if there is such a possibility that someone from the project with access to the gold storage, will empty it and disappear one day.