This crypt coin will be covered by real assets that will be insured and secured in the repositories of reputable banks around the world. The value of this coin does not depend on any centralized government decisions. The value of this coin will also grow continuously or remain stable even in difficult economic times.
What is a GID coin?
GID coin is an international crypto coin which is covered by two valuable assets: gold and diamonds. This coin is activated and supported by a block chain. The GID is a hybrid token that can be used for payment and as an asset. The company will have a headquarters in Switzerland. It will act in accordance with the recommendations set forth by FINMA.
GID Coin Diamonds Gold Cryptocurrency.
The company has set itself two main goals. The first purchase of diamonds and gold bars. They organize the process from miners and producers to ensure that from the very beginning they use less money and make a huge profit.
GID Coin ICO details:
When the ICO is launched, the GID coins will be sold for about $ 20. However, the price may vary depending on the change in the exchange rate.
Investors in pre-ICO will receive GIDE coins during pre-launch. This can be later converted into GID coins, when the company provides a sufficient number of gold bars and diamonds. These Gide markers will be placed on a new blockchain and converted to GID in a 1: 1 ratio.
- Advance sale: Currently in progress End
- Date: June 18, 2018
- GIDe coins on sale: 2,500,000
- Discount: 30%
There is also an air call for those who register for it on the GID coin website.
- Soft cover: $ 40,000,000. If less than this amount is raised, all investors will return their money to them.
- Hard cover: $490,000,000 GIDE tokens will be released after the end of the ICO, which will be about a month after the end of the ICO.
Use of funds
20% of collected funds will be used to purchase diamonds and gold bars. The remaining 70% will be used for production, which entails:
Diamonds
- Purchase of rough diamonds from a mine or mining of diamonds
- Polishing of mined diamonds
- Obtaining GIA and HRD certification
- Insurance of purchased diamonds
- Placement of diamonds in the vault
Gold
- Acquisition of raw gold from a mining site or gold mining
- Refinement of gold mined
- Certification of gold
- Insurance of gold bars
- Placement of the gold ingot inside the storage
Another method that they can use will take place in two stages. First, they will buy rough diamonds from Africa, Canada or Russia. Then they will be exported to a workshop for gold processing or cutting. Then they will be placed in the repository.
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