Post
Topic
Board Announcements (Altcoins)
Re: GLDS - Digital currency backed by real gold
by
canovan25
on 09/02/2020, 00:28:56 UTC
If this project is backed by real gold why do you need to sell PreICO $ 1.0? is it true that this project needs funding?
There is no clear profile about the team to find out whether the team is really involved in it because there are many such projects and the end continues to fail.
The white paper is in Russian, so I can't read it, hmm, it's really unnatural.

I am from a Russian-speaking country, maybe I will read white paper, but I know, most of russian project - scam Sad

Later I will give an opinion about the project.
Although, after reading a couple of paragraphs, I saw a lot of mistakes in Russian. Damn, really? They are clearly scammers.

please give us feedback as soon as you find something here so people will be warned by this yet another "gold-backed" project. i somehow agree that there are a lot of russian projects that turned out to be scam but it would be nice if we have valid proof to back up the claim. isn't it?

anyone can post their gold photos but to verify their actual gold holdings, they should employ a third party auditor and show their actual assets. we are already tired of these gold backed projects, so as soon as we uncover their true motives, the better. so those naive investors will not fall to this trap.

Sorry, I am writing through Google Translate, if something is not clear, specify.
I read the full WP - yes, it seems that they wrote in haste. If we consider in essence, what can we say:
It can be seen that the guys really delved into the topic of gold mining. There are two options: soft cap & hard cap. Everything is painted to the dollar, where the money goes, it would seem, everything is fine. I began to look at the cost of equipment (Each unit costs more than $ 100K) and the cost is overstated by 50% (Alarm # 1). Token buyback - soft cap $ 3.5M investment model - buyback to $ 1.2M token. Hard cap investment model at $ 11.5M - buyback at $ 1.6M (Alarm # 2). There are three companies - Kalbatau Inter Gold LLP, NURSULTANGOLD LLP and GoLd Didital Standart Corporation Limited, which cannot be verified due to the peculiarities of the work of government bodies, which have licenses to carry out the corresponding work, which also cannot be verified (No. 292-EL and 293-EL dated September 3, 2019 on exploration of solid mineral) (Alarm # 3). They also declare that if they own more than 1,555 tokens, they will open an account in gold in the national bank of Kazakhstan or in a very large Russian bank. At the moment, I have written two official letters to find out if this is true. I am waiting for an answer from these institutions, but previously - it looks insanely crazy.