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?
We're all aware the Gold storage teams consists of people who are highly expert in finance and wealth management so maintain the fiat money invested or price of Gold token won't be a problem cause they are the pacesetter in terms of precious metal backed stable coin. Mind you, it wont be a good idea if they expose their strategy cause others may use just like we see in the stable coin market today.
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
I also support this but XRP is not a good choice and if the Gold storage team make the decision I will suggest they add another decentralized altcoin with good TPS but I believe ETH network should be fine soon or after the ETH2.0 testnet is over.