Quote from: wxa7115 on Today at 04:17:32 AM

Quote from: yarik0409 on July 06, 2023, 12:09:10 PM

Quote from: tengui on July 05, 2023, 11:26:23 PM

I won't say "wow" because this project is not the only crypto project backed by gold (I mean I've come across several times). I suggest that you innovate by offering some advantages that other projects don't have, that way this project will attract a lot of investors' attention. apart from all that i am quite interested in crypto projects backed by gold.

You've heard of others that failed or something like PAX gold. If they weren't scams, I wouldn't make GRC. And the only indicator of how trustworthy is this project will be time. There is no need for utility or innovation. Gold stand the time and never failed unlike any other currency. So, we will see you on the other side.

Gold has indeed passed the test of time, but not your coin, if someone is worried about what is to come and they do not want to take a risk by holding their fiat then they might as well buy gold and hold it themselves.

By letting others hold their gold and instead by just holding a promise of such gold being stored somewhere else they are taking a massive risk for no gain to themselves, except yourself, and since that is the case then it will take you a massive amount of effort to convince other people to hold your coin.

Risk could be real or it could be perceived. To distinguish between the two, people have to strain their brains, do research, ask questions and critically analyse the idea. So, no point discussing risk of the project unless you have done all the above steps. I'm not here to change your percieved (imagined/assumed from previous experience) risk. Once you analyse the project and all the information available about it, then we can discuss whether you should invest or not. Until then, it's just a small chat which comes from laziness and automatic processing of infromation which is so attractive for human nature. That's why there are not many successful people in the world.