Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
Anotheranonlol
on 05/04/2014, 21:02:32 UTC

So you would send me the Gold via post mail. Did I get that right?
How do I know that you have the gold?
And you also provide a BTC/1ozGold price feed? What data is that feed based on exactly?

Answer1:
We don't send you the gold. Our system is setup that gold goes directly from the gold seller to the custodian. We never touch your gold.

Answer 2:
With our special custody agreement, you can conduct an independent audit on the gold in custody. Again, we never touch your gold. It's in professional, bonded, insured, guarded custody.

Answer 3:
We will provide a feed on spot gold. I just need to figure out how to do that on Counterparty, but it's not a blocker to trading your gold coin on the DEX.

EDIT: Super Thanks for these questions, l4p7. I will add them to our FAQ right now.

have you considered issuing pxgold asset later ?