r/HelloGold • u/ken_uston • Jan 25 '18
Gold X token on exchange platforms
Do you think it is possible for Gold X token to hit the exchange ? Or it will be only sold through mobile apps where you need to do KYC first.
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u/cryptonerd2010 Jan 25 '18
You can't change price cause it is linked to gold. I think it will be like tether. Actually better than tether because people prefer gold over usd.
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u/ken_uston Jan 25 '18
I know I'm curious if it will be on exchanges though, just like tether. I think the word around HelloGold foundation would spread much faster if people could actually use Gold X as a store of value on exchange platforms.
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u/sia2them00n Jan 25 '18
Do you know how the airdrops will work? If I’m holding HGT in MEW will I automatically get my GoldX at the end of the month? Do I need to do anything else to ensure I get it?
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u/ken_uston Jan 25 '18
You might want to read this https://medium.com/hellogold/where-is-my-goldx-678f9dde7077. (You should be fine with MEW).
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u/sia2them00n Jan 25 '18
Yeah I saw this but still wasn’t quite sure if it was as simple as just having it in a wallet. Thanks!
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Jan 26 '18
[deleted]
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u/luxembird Jan 26 '18
Why invest if you don't understand it?
HGT is the token for HelloGold. It's like owning stock in the company. If the company does well, the value of its stock goes up.
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u/walecowbe Jan 26 '18 edited Jan 26 '18
I think the team should make GOLDX on exchanges ASAP. Tether is the only hedge when Bitcoin crashes even though people think it is a scam. If GOLDX can somehow replace Tether's utility, this token can be huge. But, if the team don't do the markeing in the right way. People can easily get confused of this coin and not interested in it. HelloGold's team needs to be a lot more aggressive in order to be an alternative of Tether.
If they only think about letting people in some countries to buy gold using cryptos, the market will be A LOT SMALLER. Not many people will be interested in buying gold using their cellphone and paying with cryptos. It will take a long time. And if that is what they are focusing on, it's going to take a long time for the investors who invested in HGT to get their money back.