Ethereum Gold: How to Buy, Sell, Withdraw, and Reinvest.
It is still not too late to get in and compound your Ethereum holdings passively.
Some people call it a free money machine and others call it a mine. Its name is Ethereum Gold. It is a decentralized finance (Defi) development application or smart contract made on the Ethereum blockchain. It was created more than two years ago and has been running smoothly and safely ever since.
Although it has been running for the past more than two years, it’s not too late for you to join and enjoy compounding your Ethereum holdings passively.
You need to install the Metamask wallet on your browser first before you can start. Once you have got the Metamask wallet, you can now CLICK HERE to visit the Ethereum gold website. As soon as you are on it, it requests you to connect your Metamask wallet. Just follow the instructions to connect your Metamask wallet.
Send some Ethereum to your Metamask wallet and then use the Ethereum to buy Gold tokens that are native to the Ethereum gold platform. These gold tokens are like shares that will earn dividends.
Every time you buy the gold tokens or Ethereum credits 10% is deducted and it is distributed among the gold token or Ethereum credit holders including you. It is distributed as dividends in Ethereum and the number of dividends you get depends on the number of gold tokens or Ethereum credits you hold in the smart contract.
Whenever you sell your gold tokens or Ethereum credits to get Ethereum, 10% is deducted again and shared amongst the gold token holders including you. Every time you do a transaction, it is done on the Ethereum blockchain, and your Metamask wallet requests you to approve it. However, please remember that you have to pay gas when performing Ethereum transactions.
It’s only Ethereum in and only Ethereum out. The gold tokens or Ethereum credits are native to the smart contract. You will never find them anywhere else outside the Ethereum gold smart contract.
You make money by holding the gold tokens or Ethereum credits you have bought so that every time a person buys or sells their gold tokens or Ethereum credits you get a share of the 10% they get charged. The longer you stay in the more Ethereum you accumulate as dividends. That is why people call it proof of weak hands.
You can compound your Ethereum by reinvesting your dividends. The amount of dividends you get per day depends on the number of transactions and the amounts transacted that day, and the number of gold tokens or Ethereum credits you have in the smart contract.
If say you start with one Ethereum and the average dividend payments you get per day are 0.5%, your yearly interest-earning in the form of dividends will be about 182.5% per annum. By the end of one year, you will have a total of 6.17 Ethereum if you reinvest your dividends every day. Let's say you in addition to reinvesting dividends every day, you also add 0.1 Ethereum every month, your total by the end of 12 months will be approximately 9.85 Ethereum.
The figures shown in the above calculations will be slightly higher than the exact numbers you will get because every time you reinvest you are charged 10%, every time you put new Ethereum in you are charged 10%, and every time you sell your gold tokens or Ethereum credits to get Ethereum you are charged 10%. However, you will make a lot of Ethereum by compounding, and also through the increase of the dollar value of Ethereum, Ethereum credits or gold tokens.
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