Suppose, one buys gold token on exchange and holds it there to protect oneself from market volatility, then who will be paying the daily interest? I mean small amount that automatically gets deducted on regular basis.
Dear libert19,
Digital Gold charges 0.99% annually for the management. Considering that gold is growing 3-5% per year, you are not paying, the market pays you, compared to the USDT. This is one of the GOLD token main advantages compared to any fiat stablecoins. For example, the GOLD token now costs 4-5% more than 3 months ago at the start. During this time, the service commission was only 0.25%.
Regards,
Support Team @ Digital Gold
https://gold.storage (
https://gold.storage)
No, i meant if you hold gold token on exchange then who will be paying the charge?