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

With these day of nice growth of GOLD price, I got to see myself how storage fee works and I think I've seen a problem.

The website tells that the fee is 0.0027% per day.
I had 5.94 GOLD and although the calculation would say:
fee = 5.94 * 0.0027 / 100 = 0.00016038 GOLD,
my wallet was paying 0.001 GOLD, which is 6 times more.

I'm also curious that since now I have only 0.024 GOLD (which I hoped I can convert into some ETH change for gas and I've seen late that it's under the minimum limit) I'll still pay 0.001 GOLD / day?
I think that some fine tuning is necessary. And yes, I know that you have only 3 decimal places and the contract is live, so I don't know what a fair solution would be.

Dear NeuroticFish,

Thanks for the comment and help with the development of the marketplace. We will discuss that with the developers. If you have left 0.024 GOLD, then there should not be daily charges. Now we charge only from the wallets with more than 1 GOLD on it. You are right, the main problem is in 3 digits, so it is not possible to charge less that 0.001 GOLD.

If you store your tokens on any exchange we do not changes fees.

Regards,
Support Team @ Digital Gold
https://gold.storage

Glad to see this clear up. This is a fair fee and there are things need to have a upkeep to maintain and secure so kudo to Digital GOLD team.

You make a very vital statement because the success of the project, liquidity and the genuine stable in price of the coin in the market are whats important the most. Especially with the up coming bitcoin halving I'm expecting the project to gain more usage.