Re: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold

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.

But, would like to know if the limited 11BTC is also applicable for exchange because of the upcoming rally market.

I doubt it, that limit is dynamic both on marketplace and exchanges, it depends on buy/sells.

ps: sorry for long quote, it's pain on mobiles to trim.

I'm not the type that brag but the BM respond should be enough to make you understand that there's possibility limited purchase also on exchange site since the project team cant sell or mint Gold token more than the gold saved in secure vault and to maintain or save the token price from manipulation there most be some kind of restrictions to achieve that.