Post
Topic
Board Tokens (Altcoins)
Merits 2 from 2 users
Re: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold
by
GOLD_official
on 11/08/2020, 20:30:02 UTC
⭐ Merited by tbct_mt2 (1) ,wwzsocki (1)
We are now in the crypto bull market, additionally, real gold keeps going up in price and we have seen new ATH lately, so now many traders and investors start to think aloud about shorting it.


I wonder what the team thinks? How would the GOLD token perform in bad market conditions, with significant real gold price corrections and long bear market after that?
We all know that market moves in waves and for sure sooner or later we will see big corrections and bears taking over the driver seat.

Is there any way to support GOLD token in such bad market conditions and to not lose the equivalent of FIAT money invested?

Dear wwzsocki,

On the bearish market the GOLD token will follow the price of gold. The same as it done on the growing trend.

There is no way to support GOLD token because in is a stablecoin and should follow the price of gold. If you wan't not to lose money on the bearish market you should use different types of financial instruments.


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

To make GOLD tokens more popular, I propose to consider other cryptocurrencies to swap from GOLD tokens to them. The market provides two cryptocurrency to swap the token: BTC, and ETH. With the rises of fees in both BTC and ETH networks, having other options to move GOLD tokens is cool.

With FOMO in DeFi and on Ethereum network, I see the fees on ERC20 chain will be high for weeks or maybe months. Without good alternatives, people will lose more money for transactions fees, that never be good. It is not a fault from GOLD team but if the team can bring more convenience, it will be appreciated by community.

Do the team have plans to add more coins on marketplace?

Some candidates: Ripple, Litecoin

Dear tbct_mt2,

If the Ethereum network commissions do not decrease after a while, we will consider adding other cryptocurrencies.

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