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i do agree with tk808, better buy your gold in a known entity. most of these gold backed projects are scammers. lets hope this will not end up like maya scam 223
AFAIK, Jinbi one of the ICO projects that utilize Gold too, even though their tokens have been listed on the CMC but until now they have not paid the hunter. we just pay attention to what will happen to this project, whether it will end up scam or not.. to be honest, I hope this project runs smoothly and not a scam.
I'm aware of the Jinbi scam act and I'm also surprised why the didn't pay their bounty participants but this project is quite different for they send payment monthly to their bounty participants. Don't you think paying for someone else mistake is an act of injustice without genuine proof?
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I guess people are already tired of seeing scam one after another.
And usually precious metal-backed projects have high percentage of scamming history.
The initial deployment of the project might be doing good but later on you will see the true color of the project.
I just hope this one will not fall to that category. They have all the time to prove that this is authentic gold backed project.
I understand but that doesnt mean we have to let hatred or anger take over by judging others without proper evidence because there are still genuine precious metal backed project such pax gold which nexo just partnership with a couple of days.