Quote from: Teraboy on December 26, 2019, 02:41:48 PM

Quote from: hulla on December 26, 2019, 12:41:06 AM

Quote from: tippytoes on December 23, 2019, 01:08:59 PM

Quote from: CryptopreneurBrainboss on December 20, 2019, 10:51:53 AM

Quote from: wwzsocki on December 19, 2019, 04:50:39 PM

Good article but I can't agree that:

Quote

if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation

because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.

When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.

Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.

And that is really good choice if this project will really stick to their promise to its followers and stakeholders. And achieve their objectives as laid out on their roadmap. You will find many users to be hesitant on relying this project as even it is claimed to be backed by gold because you have to remember, that most of the projects that attested to be gold-backed turned out to be fraudulent ones. So just pray and hope that this one will remain to be authentic throughout its journey in this business.

The have teams have no reason not to keep their promises because the project teams are the investors of this project and no ICO/IEO was launched before and after the creation of this project.

But is there a way about how we can know how much reserved gold that owned by this project?
It looks like an instant swap feature will be needed by this one.

Yes, the team are so honest about the whole process of the project and you simply check the gold which was securely saved in the Gold bullion see through the live audit report which was allso confirmed by the ChainSecurity company.