I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?
In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.
I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.
Correct.
I just searched for that and found following post made by GOLD_official.
We will be the market makers only on exchanges with which we have agreements.
So, they place large amount of buy and sell orders to provide market liquidity and set the price.
Thanks for fishing out the message which was the reason why i asked the question in the first place.
I would like to know if buying Gold token through the exchange site also have a limited level of purchase per person?
In exchanges, you don't buy gold tokens directly from the exchange. You buy gold tokens from other users of the exchange. So, buying gold tokens through exchanges is the same as buying other tokens. As long as there is a seller at a certain price, you can buy the tokens at that price. Cannot say the exact amount. Because it depends on traders.
I understand that buying Gold token is the same as buying other tokens but I'm asking this question since the project team also offer liquidity support for the buying and selling in other to make the Gold price intact with the price of physical gold so I'm thinking maybe there's some sort of limit on buying/selling of the token on exchange in other to achieve the daily physical gold price.
Ok so I checked on their official marketplace, and this is what it shows.
About 11.5 BTC is the max amount of gold you can buy from there, on exchange it would be different but I'd rather choose official marketplace than an exchange.
I also prefer their market place than exchange either because the transaction on there is fast, ease and i don't need to pay some trade and extra fee. But, would like to know if the limited 11BTC is also applicable for exchange because of the upcoming rally market.