Introduction to ICO GID Coin
GID Coin is the First Cryptocurrency in the World covered by Polished Diamonds and Gold Bullions.
Invest into Coins that:
- protected by real assets, which are secured and insured at the vaults of famous banks;
- the free value of the rumors and decisions of the states;
- values always grow or stabilize during financial depression.
GID Coin must be an international currency protected by two of the world's most valuable valuables, backed and secured by Blockchain.
GID Coin will be associated with real business related to mining and diamond and gold procession.
The GID Coin team is a professional with 8 years of experience in diamond business and 5 years in gold business. Has extensive connections in Africa, Russia, and Canada. Working very close to gold miners and rough diamonds (government and private) has connections with Belgian and Israeli diamond cutters and also has connections with gold refineries in Austria, UAE and Andorra.
GID Coin is supported by famous people, who are ICO Advisors.
The GID Coin value is covered by polished diamonds and gold bars. Two of the most expensive natural resources in the world. If gold is in the weight equation = the price of the polished diamond loss, the diamond / gold proportion looks like 2/1. That means that 2/3 of the investment will always be spent on polished diamonds and 1/3 on the gold kilobar. We can then provide a quick overview of their pricing and evaluation.
There are two ways to work for a company:
· To purchase finished products (diamonds and polished bullion) from producers and miners;
· To organize the entire process from scratch, use less money and to take bigger profits.
The proportion is as follows - 30% of the budget is valid for the purchase of the final product and the remaining 70% will be used for the full production cycle.
In the second phase, we invested in mining sites in Africa (Angola - primary, secondary - Botswana or Namibia) as private entities and started producing rough diamonds and gold itself. For our luck, rough diamonds and gold are based in the same area, so there is no need for a separate mining location. Everything goes from one land
PGID = 0.5 * (Vd * PmR + Vg * PmLBMA) / VGIDT ,
Where:
PGID Price - Smart Token (GID)
Vd - Guaranteed diamond volume, owned by the company
PmR - Monthly diamond price (according to Rapaport)
Vg - Guaranteed gold volume, owned by the company
PmLBMA - Monthly diamond price (according to London bullion market (LBMA))
VGIPT - Total Intelligent Token Volume (Total Volume GID)
At the time ICO launches the GID price will be an average of $ 20 which may vary during the sale of the crowd due to revisions in the exchange rate:
· ICO Investors are given a GIDE token (pre-launch GID) that can be converted into GID after the company has enough diamonds and polished gold bars;
· The GIDE Token will be moved to the new blockchain platform and converted to GID in 1: 1 proportions;
The advantages of using DGP over Ethereum are as follows:
· Safe - DGP blockchain uses its own coins rather than Turingcomplete's smart contract.
· Fungible - DGP uses Point-of-Stake (PoS), and because it puts its platform into a GID transaction only (not an additional ICO) processes your transactions more quickly.
· Cheaper - No commissions for small transactions (no more than $ 1000).
Detailed information:
Website: https: // gidcoin. io
Article Writer: yasminlee
Bitcointalk: https: //bitcointalk.org/index.php? Action = profile; u = 1637666
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