I digged a bit deeper and the project is a big mess.
I checked their whitepaper and businessplan and was shocked what i saw there.

Based on their whitepaper and website each HGT token is limited to a lifetime benefit of 0.0038g of gold !!!!!! which is based on current gold price arround $0.16 .
So the max benefit you will get per hgt token is $0.16 .

So somebody may explain to me why should people by this token for anything near or higher than $0.16 .
Check the ICO price and now have a look at the max benefit their hgt token can get on current gold price
 
Next important information.
They said people will just receive 10% of revenue from just the management fee which is 2% of stored gold value per year.
Transaction fee's and all other fee's including 90% of management fee goes directly to the company.


If you check their businessplan their final goal for 2024 is to have 40 billion USD worth of gold stored in their vault.
Thats an extremly high number but lets even assume they will succeed what does it mean for hgt holders.


2% management fee from $40.000.000.000 gold value stored in vault is $800.000.000 management fee per year.HGT holders get from these $800.000.000 10% which is $80.000.000 revenue share.
This money will be shared to one billion token which is $0.08 per hgt token.

So if they succeed and grow really that big you as hgt holder will get in 2024 (in 6 years) $0.08 benefit per hgt token.

There are some other concerned numbers but i got contacted by a journalist and i guess he will publish it shortly.

However anyone being familar with the gold business knows 2% fee per transaction and 2% management fee,redeem fee etc is extremly high in the gold business and even the fee's are so high
they are so GREEDY (cause else you can't call it) that they will share only 10% of revenue from the management fee.
Themself they keep whole ownership of the company and of nearly all profit/revenue for themself .
They claim its because of the high cost but anyone can check himself how much it cost to store gold even as private person and that these companies are way smaller and still making good profit.

So anybody investing his money for a 10% revenue share of the management fee must be aware the benefits should this project even succeed will be very small

You are basicly financing this company with no real compensation at all.There is only one beneficiant which is the owner getting cheap money and taking no risk.


What makes me really mad is the clear attempt of the team to get cheap money and kick off investors with some poor bones.

If you check max benefit a HGT token is allowed to get and ICO price the difrrence is just arround 3 times from ICO price.

Is that really a fair deal ?

here from their website



You see these 0.0038g maximum limit they put for each HGT ?Limiting the max benefit to currently $0.16 .
Do anybody really belive they made it by mistake seeing all the other low profit sharing attempts ?
Sorry but i belive its done on purpose.
The CEO knows exectly how to count so he knows also exectly about the limit he put for you guys


They didn't even talked about it till i exposed this fact where they later banned me claiming i was creating fud but noone just showed me i'm wrong by proofing his numbers cause my numbers are legit and say everything about that project so they started the personal way to attack someone and discredit

Quentin, are you trying to pose as an official member of the hello gold team? 

Indeed it is a good project... Tokenising assets is going to be a major trend of blockchain technology in the coming years, and of course gold being what it is, and the need for stability in the crypto space becoming more pressing as institutional capital flows in, we'll definitely see a lot of projects coming in this space.

I believe one of the features that makes HelloGold unique is it's commitment to serving not only the crypto investors, but also underserved and non tech-savvy masses around the globe. And I think that is extremely challenging and much less "sexy" than crypto stablecoin race, but it will prove in the future to be both what makes HelloGold stand out on from an ethical perspective, and give it the strongest business model, as it will not be exclusively dependent on the volatile crypto market.

Lets all agree this is a scam?

Fct moon time is  closing i predict 0.01 by end of nov

If Anesthesia is not part of your health-insurance, it's understandable that you can't afford buying FCT.  

Are you dumb? Like Debit and Credit Cards and Checks arent easy enough tracking? Bitcoin was invented to bypass Fiat control central point systems. It lets the user be their own bank, getting rid of fractal reserve banking. Factom is securing data, on the most proven and secure blockchain in existence right now. Keep selling boys, you are going to make us rich giving this away for cheap.

wow, you must have lost a fortune on FCT, what other reason than rage would be to create a new account and spend your time spamming this thread  

Haha, why dont you do it with your original account. Once your trust level gets wrecked, hard to sell it or get into any sig campaigns.

Anyway, the price goes up from now on so you can waste your energy as much as you want. 5500 in less then 3 weeks.

Yeah, funny how it always coincides with price-crash attempts. Not ... quite ... working this time though.

If you couldn't get out of Factom yesterday, consider it today with minimal loses. You where all warned before the crash, this will be your second chance before it drops off the cliffs again.


Good luck.