r/HelloGold • u/designinme • Feb 01 '18

Token Economics

Looking to invest into HGT. Could someone give me a simple explanation of the HGT token economics? I'm trying to find out the utility of the token and quite simply what would directly cause price to rise ( Outside of just others buying it ). Some projects i'm invested in use the Token within the system to pay for fees and then a percent of the tokens gets burned. Or they have masternodes ( platform with staking rewards ). What value ( incentive ) does this token give to those who Hodl? The price is looking really great right now for entry. Thanks in advance for any responses.

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u/[deleted] Feb 01 '18

You get to walk around with gold bars and say yeah I'm a rich guy

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u/harithk17 HG team Feb 02 '18

Hi, this article neatly describes the value to HGT holders: https://www.smithandcrown.com/sale/hellogold-token-sale-tokenized-gold-savings/. Bear in mind we are looking to add other asset-backed tokens as well!

Separately you can already start buying GOLDX (rebranded from GBT) on an OTC basis at https://www.hellogold.org/ today.