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Great point. As of now, NFTroxies are NFTs on the Zora network and we are in the early stages of development. Here’s our plan to ensure that each NFTroxie will

Great point. As of now, NFTroxies are NFTs on the Zora network and we are in the early stages of development. Here’s our plan to ensure that each NFTroxie will be backed 1 for 1 by a real gold bar: 1. Future Custodian Partnerships: We are actively seeking partnerships with reputable gold custodians who will manage the physical gold. These custodians will be carefully vetted to ensure reliability and security. 2. Audit Plans: Once partnerships are established, we plan to implement regular third-party audits. These audits will verify that the gold holdings match the number of NFTroxies issued and the results will be made publicly available for transparency. 3. Blockchain and Transparency: The blockchain ledger already provides an immutable record of all NFTroxie transactions. As we integrate custodial partnerships, each NFTroxie will be directly linked to its corresponding physical gold bar, ensuring transparency and traceability. 4. Community Trust and Engagement: We are committed to keeping our community informed about our progress and developments. Transparency is key, and we aim to build trust by openly sharing our milestones and audit results. While we are currently focused on establishing the infrastructure and partnerships necessary to fully back NFTroxies with physical gold, our goal is to create a secure, transparent, and innovative investment option for gold investors. Thank you for your patience and interest as we work towards realizing this vision. If you have any further questions or would like to follow our progress, feel free to reach out!

talldayo 2y ago
So you don't actually guarantee anything right now? What sane person would give you their money knowing that?
- binquasin 2y ago
  I understand your concern. You’re right; at this stage, we don’t have physical gold backing for NFTroxies. However, here’s why early adopters might still find value in NFTroxies: 1. Early Adopter Benefits: Early adopters often get in at a lower cost before full infrastructure is in place. As we establish partnerships and custodianship, the value and security of NFTroxies will increase. 2. Transparency and Roadmap: We are transparent about our development stage and have a clear roadmap towards securing physical gold backing. We’ll provide regular updates and audit reports as we progress. 3. Innovative Investment Opportunity: By supporting NFTroxies now, early investors are part of an innovative project that combines the tangible value of gold with the flexibility of digital assets. This positions them well for future benefits as the project matures. 4. Community and Feedback: Early supporters have a voice in shaping the future of NFTroxies. Their feedback and support are crucial in developing a product that meets investor needs and builds trust. While there’s inherent risk in early-stage investments, we’re committed to transparency and building a reliable, innovative investment option with NFTroxies. Thank you for your questions and engagement! If you have more concerns or suggestions, we’d love to hear them.

talldayo 2y ago

So you don't actually guarantee anything right now? What sane person would give you their money knowing that?

binquasin 2y ago
I understand your concern. You’re right; at this stage, we don’t have physical gold backing for NFTroxies. However, here’s why early adopters might still find value in NFTroxies: 1. Early Adopter Benefits: Early adopters often get in at a lower cost before full infrastructure is in place. As we establish partnerships and custodianship, the value and security of NFTroxies will increase. 2. Transparency and Roadmap: We are transparent about our development stage and have a clear roadmap towards securing physical gold backing. We’ll provide regular updates and audit reports as we progress. 3. Innovative Investment Opportunity: By supporting NFTroxies now, early investors are part of an innovative project that combines the tangible value of gold with the flexibility of digital assets. This positions them well for future benefits as the project matures. 4. Community and Feedback: Early supporters have a voice in shaping the future of NFTroxies. Their feedback and support are crucial in developing a product that meets investor needs and builds trust. While there’s inherent risk in early-stage investments, we’re committed to transparency and building a reliable, innovative investment option with NFTroxies. Thank you for your questions and engagement! If you have more concerns or suggestions, we’d love to hear them.