Golden Currency - Gold currency with blockchain utilization

Mei 08, 2018

Who does not know gold? Precious metals commonly used as jewelry is known for its beauty and high selling value. In addition to the desire of women to beautify their look, gold can also be used as an investment.

Now you can save your gold in electronic form so it is safer because only you know, thanks to the advantages of this platform you can easily exchange the crypto-currency for gold.

Gold's first global private money will be used for both cash and electronic payments, 100% -dit by gold, will provide crypto currency and fast and cheap fiat currency exchange and exchange, and will provide many other advantages to successfully compete with fiat.

Golden Currency is the first fully functional private currency project, and a convenient and efficient infrastructure for its use with the utilization of modern technology, including blockchain.

Here are some of the benefits that the new currency will provide:

Attendance in cash (paper, anonymous) and non-cash forms.
Independence of government, political or economic situation in Indonesia of any country, but at the same time the legality of its functioning.
100% supported by gold, its storage and management are carried out independently of the issuer; Golden owners have secured the opportunity to earn gold in exchange for Gold.
Use of modern blockchain technology for currency infrastructure (Starting from ensuring reliable and reliable gold storage, and ending with payment implementation and conversion currency).
Convenient, fast and cheap conversions into world fiat currencies and crypto currencies (links between fiat and crypto currency) familiar modern money infrastructure - ATMs, bank cards, POSTAL, online banking, mobile apps, etc.

The elements of this infrastructure are:

Global banking network with banking infrastructure (Golden Bank).
Crypto-Fiat currency exchange integrated with banking network (Gold Exchange).
Gold deposits

With current blockchain technology, there may be an advantage over this currency. Transparency is an element of trust in the system and one of them. Competitive advantage. In this case, it is not intended to provide transparency in costs.

Forms of payment

Gold will exist in the form of both cash and non-cash money, providing an opportunity to execute various possible money transactions.

Cash will be issued in the form of a plastic (polymer) banknotes printed in one factory in the world to provide printing services for a fiat money world economy.
Non-cash

Use of blockchain technology in Gold Currency:

Management and control of gold reserves - reliability and transparency as an important element of system identification. banking networks - cross border payments, transfers, currency conversion - for integration with speed, reliability, universality and exchange rates.
Exchange rate - for currency and currency crypto to be sure
Speed and process reliability.

Roadmap

Pre-ICO

Pre-ICO will be held between April 16, 2018 and July 16, 2018, in the pre-ICO Token Eye Emission (PGCT) time period under smart contracts on the Ethereum platform will be issued

5,000,000 pre-ICO Tokens Gold Eye (PGCT) will be issued, and an additional volume of 2,600,000 tokens (additional volume numbers can be changed based on Seed of Spherical) required to pay tokens as a result of round seeds and tokens pre-ICO bonus ( totally 7.6 million PGCT tokens). The price of one PGCT mark will be equivalent to 1 USD.

The PGCT token gives the right to exchange them for tokens to be released within ICO, in a one-to-one ratio. Bonus is the number of additional PGCT tokens that users get from pre-ICO.
All unallocated tokens left after this phase of the project will be destroyed within 48 hours after the end of the period.

At the pre-ICO stage, there will be no channeling of funds collected in the form of dividends to shareholders.

The Gold Currency team pays much attention to providing additional incentives for project contributors. Based on pre-ICO results, before the ICO campaign begins, it is planned to carry out a series of actions to obtain permission to issue ICO security tokens in major jurisdictions. In the case of successful access rights, the following mechanisms will be proposed:

Annual net income distribution between ICO token holders (Early 20% of net income).
Part of the annual net income will be used for tokens redemption for a minimum of 5 years, with prices calculated based on annual growth of token value of not less than 50%.

Estimated distribution of collected funds as a result of ICO, with the amount of funds collected from 10,000,000-100,000,000 USD.