INTRODUCTION
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.
BACKGROUND
- 8 Years of experience in Diamond Business
- 5 Years in Golden Business
- Connections in Russia Canada and Africa
- Direct to Miners
- Belgian and Israel cutters IN DIAMOND BUSINESS
- Gold and Diamond Features
- Natural Resources
- Limited
- Mined
- Owned by Big Companies.
- Very Expensive
MINING AND PURCHASE OF DIAMONDS AND GOLD
There are two ways of work for the company:
- To buy final product (polished diamonds and bullions) from the producers and miners;
- To arrange whole process from the very beginning, use less money and to take bigger profits.
All movements of the goods are carried by well-known security companies: BRINKS1 and MALCA-AMIT2. purchasing and mining can do without risks. Operation are clear and
secured for 90%.
- Purchasing of final product will takes 1-14 days
- The lifetime of raw products (rough diamonds and golden dust) from mine to safehouse as certified product will takes 60-90 days.
TOKEN POLICY
To provide investors with whole range of advantages of GID Coins Gold & Diamonds plan to build our own blockchain platform (DGP –Diamonds & Gold Platform). However, to reduce costs of the project at the early stages GID coin will be based on Ethereum (ERC-20).
GID Coin is the hybrid payable-asset token (securities).
TOKEN EMISSION
- Total amount of tokens to be emitted till 2023th = 50’000’000 GIDs Coins.
- Tokens share:
- Team-members and advisors = 5’000’000 GIDs
- Pre-Sale (closed sale for strategic investors) = 2’500’000 GIDs
- Pre-ICO = 7’000’000 GIDs
- ICO Campaign = 15’000’000 GIDs
- Bounty campaign = 500’000 GIDs
- Coins reserved for mining at duration of 5 years starting from 2019th = 20’000’000
- GIDs with approximate yearly emission – 4’000’000 GIDs
- Coins which will not be sold during ICO – moving to mining reserve. All unmined
- Coins after 2023th will be sold at Post-ICO.
PRICING OF THE TOKEN
At ICO launch the GID price will be average $20 which can vary during the crowd-sale due to the revisions in the exchange rate:
ICO investors are given GIDE (GID pre-launch) tokens that can be converted to GID after company has secure enough polished diamonds and gold bullions;
GIDE tokens will be moved to new blockchain platform and converted into GID in a 1:1 proportion;
ICO cap will be set in fiat 20 days before ICO;
minimum cap for ICO is USD 40’000’000,00. If less than that is raised, the investors receive their funds back;
GIDE tokens are released when tokens are distributed around one month after ICO starts.
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
GID Coin Overview
Ticker Symbol: GIDE
Ticker Symbol: GIDE
- Platform Ethereum (ERC20)Accepts: BTC, ETH, USD, DASH,WAVES, EUR
- Soft Cap: 3,000,000 USD
- Country: Switzerland
- Total supply: 50,000,000 GIDE
Public Crowd sale
Ongoing
Date Sale: May 1, 2018 — Dec 30, 2018 @ 243 days
Sale Available Tokens:22,500,000 GIDE @ 45.0%
Time 32% Ends in 165 days
ROAD MAP
Q2 – 2018- Completed WhitepaperWebsite www.gidcoin.io
- Pre-Sale for primary investors
- First purchases
- Start of bounty campaign
Q3 – 2018
- New website
- Mobile application
- Pre-ICO (GIDE) 07.2018
- Beta version of GDP blockchain
- First full cycle production of diamonds and gold
- ICO Campaign (GIDE) 09.2018
- Alfa version of GDP blockchain
- Exchange of GIDEs to GIDs
- Second cycle of production of diamonds and gold
Q1 – 2019
- Listing of GIDs at the exchanges
- Launch of mining via platform
- Trial immision of Revolut MC credit card
- Third cycle of production of diamonds and gold
- Launch of the own mining site
- Launch of cutting workshop in Spain
- Launch of small refinery in Swiss
- Branches in Angola, USA, Belgium
- Start of Buyback campaign
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