Today I had unexpected time at the hotel room

After a trip to the hospital in the morning I found myself with recuperation time at the hotel room afterwards. While my wife explored Scotland I got to explore the GLD realm.

Well, actually I just worked on the bot that supports the GLD token but it is working better now. Honestly its pretty much release ready.

What does it look like?

Right from the main screen you can see something that I think is really important. That every GLD token is pegged at 100 to 1 HBD and that there is sufficient reserve to cash out every GLD held by HIVE users

Yes, you could check out the @merchantsguild and @tergan account to figure that out but the website makes it really obvious.

But it does a little more than that.

Push a button and it will show you exactly how many people hold the GLD token and how much they hold. If you really wanted to you could add it all up and see that it matches the "Obligation" amount on the main screen.

Now there is another screen which shows things in a little more detail.

On this screen you can see a few things. First how much GLD is outstanding and how much is available for sale. You can also see that there is only 10 HBD available to buy GLD tokens back at this moment. However, there is a large stockpile of HBD staked to cover all tokens. There is also a little bot hiding in the background. Any day that there is less than $10 HBD to buy GLD the bot removes $1 HBD from savings ... and continues taking that out every day until the float is back where it should be.

Every GLD holder can redeem at the peg value (once this is made public) but if you have a lot to redeem it may take a little longer than expected. However there are still liquidity pools available on tribaldex.com AND a buy wall on hive-engine ... so there are also other options.

Of course that leads to the next window on the page.

The buy and sell page.

If anyone wants to buy GLD it shows how much is available. If anyone wants to sell it shows how much liquid HBD is available to cover the trade. The amount is fixed to buy or sell 100:1. Essentially GLD acts like a Hive Penny :)

As for the use case?

Still working on getting that operational. Ideally I would like to make daily distributions available to active GLD members based on holding GLD tokens. But like many things... It's still under construction.

However, now it is a little closer to reality..

.... One step at a time.