Hi everyone
In the previous post, we talked about two important features of digital gold tokens. We also said in that post why you should love this token and make room for it in your daily life. In the previous post, we addressed the two challenges of gold purity as well as gold security. In this post, we will examine the issue further and examine the liquidity and transfer cost of digital gold tokens. Stay with me until the end.
Describe a problem and provide a solution
As you know, liquidity is one of the most important problems when buying and selling gold. The liquidity of gold is related to its high price and to what extent the exchange office that you use to buy and sell is allowed to trade in the banking network.
This is important because in many countries you can not move more than a certain amount in one day.
Therefore, we face two major problems in the field of physical gold liquidity
1- Permissible limit of gold exchange and card owner transactions
2- amount of gold you want to sell or buy
I will investigate these problems and the GOLD TOKEN solution for them. digital gold has other advantages too, that I will describe them in other post. so we will focus on LIQUIDITY in this article and other advantages will investigate in other posts next days.
1- Permissible limit of gold exchange and card owner transactions
As you know, in different countries, there are restrictions on Visa and MasterCard cards for each transaction. Which we will discuss below:
1-1-Periodic harvest ceiling
Different cards have rules on the payment ceiling in terms of the amount or number of daily, weekly, monthly and annual transactions, the information about which must be notified to the buyer at the time of card issuance. For example, one card may support a total of 10 transactions for a total of $ 2,000 per day, while another card with a limit of $ 1,500 may perform up to 20 transactions per day as a limit and the number of transactions allowed. In this regard, it is very important to first check your needs and then prepare a card so that the card covers the number and ceiling of transactions you need.
1-2-Periodic charge (deposit) ceiling
Just as there are rules about the amount and frequency of withdrawals from the card, the cards also vary in the amount you can deposit or so-called charge each time. For example, if you are planning to make a payment of $ 10,000. If your daily charge limit is $ 5,000, you will need to recharge the card in two steps over two days for $ 5,000 each time, then pay $ 10,000.
1-3-Wages
One of the most important things to consider when receiving a card is the fees you pay in various cases. These fees, for example, are one of the four payments that are subject to certain fees in the section of various payment or withdrawal methods, the information of which is provided to you at the time of preparing the card by the seller or the issuing bank. Apart from this, when you make a payment in a currency other than the base currency of your card, you will be subject to a 2 to 4% exchange rate fee. In any case, it is necessary to ask the card seller for all the information related to the commissions when ordering the card.
On the other hand, this problem also exists in store terminals, and many exchange offices are not allowed to receive more than the limit defined for the exchange office.
This means that you will not be able to buy or sell as much gold as you want, and this is a very big limitation.
2-amount of gold you want to sell or buy
The next issue that is problematic in buying and selling physical gold is the amount of gold that can be sold or bought.
In some countries of the world, money changers are classified from large to small, and according to this classification, they are able to trade certain amounts of gold in a certain period of time.
This issue is mostly related to exchange credit and tax issues. So with these restrictions you will never be able to freely buy and sell as much gold as you want. Therefore, an optimal solution should be sought to solve these problems as well.
What is the solution for digital gold tokens for liquidity?
As mentioned, the issue of liquidity is a very important issue in daily transactions. Gold is no exception to this rule, but physical gold is not highly liquid in high amounts due to some considerations such as taxes and bank card transaction limits. Meanwhile, digital gold tokens have solved this problem on the blockchain network. digital gold 100% backed by physical gold. Amount of physical gold stored can
be matched against the total number of tokens real-time. The digital gold token uses a section called "place market" that can be converted into money at any time of the day or night using the Atrium network. In this way you can convert digital gold tokens into Atrium or Bitcoin and convert your amount into physical money. You can also use this token to settle accounts with your customers at any time. All this is due to the fact that the token is based on the ETH network and with complete security you can exchange your assets in 24 hours, even on holidays, and do not have to worry about taxes and transaction ceilings on your account or exchange offices.
Conclusion
In this article, we discuss the liquidity of digital gold tokens. First, we examined the liquidity problems in physical gold and the solution to these problems using digital gold tokens. It has been shown that digital gold tokens can be liquidated 24 hours a day, 7 days a week, even on holidays without a price limit, with no transfer restrictions and worldwide, due to their online nature and use of the ether network. Something that is not achievable in physical gold. Therefore, using this token can eliminate the problems of physical gold, while also having the benefits of storing physical gold.
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