GOLOS is 30 cents !!!
In it's internal market and under 2 cents on Bittrex.
7 years ago in #golos by matrixdweller (-16)(1)
$0.72
- Past Payouts $0.72, 0.00 TRX
- - Author $0.60, 0.00 TRX
- - Curators $0.12, 0.00 TRX
I only bought a wee small 2500 golos
Haha brilliant!
No, it's not "30 cents" on internal market )
It's 0.3 GBG ( Golos backed Golg ) and GBG is about 4 cents, so Golos is about 1.3 cents.
Anyway 10 Golos for 1 Steem )
How is Golos backed gold pegged?
You get equivalent 1 mg of gold payd in Golos.
So gold is about 40 000 $ for one kilo, 1 GbG should be about 4 cents.
However because it's new it's rather volatile right now, trading from 2.5 cents to 6 cents.
Well, of cource 6 cents doesn't make any more sence than 2$ for 1 SBD )
But 2.5 cents is definetly a good buy.
Thanks for explaining this. Could be amazing if GBG manages to hold the peg and the price of gold increases. Certainly more valuable than a dollar pegged asset at any rate