GIDCoin
GID COIN WORLD FIRST CRYPTO CURRENCY DISCOVERED BY DIAMOND AND GOLD.
Hello all !!
On this occasion I will explain about the diamond and gold project, the GID COIN project ... !!
What is a GID coin?
GID Coins are international crypto coins that are protected by two valuable assets: gold and diamonds.
Invest into Coin which:
• covered by real assets, which are secured and insured in vaults of the well-known banks;
• value is free from rumors and decisions of the countries;
• value is always growing or stable during financial depressions.
GID Coin has to become an international currency covered by two most valuable precious goods in the world, powered and secured by Blockchain.
GID Coin will be related to mining and procession of diamonds and gold.
Team of GID Coin are professionals with 8 years of experience in diamond business and 5 years in golden business. Have broad connections in Africa, Russia and Canada. Working very close with miners of gold and rough diamonds (governmental and private) have connections with Belgian and Israel cutters of diamonds and also have connections with gold refineries in Austria, UAE and Andorra.
GID Coin is supported by well-known persons, which are Advisors of the ICO.
GID Coin value is covered by polished diamonds and gold bullions. Two most expensive natural resources in the world. In case that gold in equation weight = price loosing to polished diamonds, so the proportion of diamonds / gold looks like 2/1. It means that 2/3 of investments will be spent on polished diamonds and 1/3 on gold kilobars. Hereinafter we can give you short description of the pricing and evaluation of them.
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.
• Proportion will be as follows – 30% of the budget goes for the purchase of the final product and the rest 70% will be used for the full cycle of production.
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.
From our side we plan to use funds in the following proportion – 30% of budget goes for the purchase of the final product.
The rest 70% will be used for the production which will include the following processes:
For diamonds:
For gold:
The second way will be done in 2 stages.
Firstly, we can buy rough diamonds and gold from the miners in Africa, Russia or Canada. Export them from the country of origin to cutting workshop or gold refinery, then put to the vault for safekeeping.
DIAMOND MARKET
After two big economic recessions in the world for the last ten years, we see that there are not so much markets, which can stay off of it. If something goes wrong, we see total falling in stocks, oil prices, metals & etc. One of the business, which stands apart from all conditions – Diamonds. During recession diamond prices are not falling down, they just stopping to grow up.
GOLD MARKET
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has the most effective safe haven and hedging properties across a number of countries.
The following table sets out the gold price versus various assets and key statistics at five-year intervals.
The most traditional way of investing in gold is by buying bullion gold bars. In some countries, like Canada, Austria, Liechtenstein and Switzerland, these can easily be bought or sold at the major banks.
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.
TOKEN ALGORITHM
Smart Tokens are the most valuable part of the GID Protocol. They operate as regular tokens, in compliance with the ERC20 token standard used on the Ethereum blockchain but include additionallogic that allows users to always buyand sell them directly through their own smart contracts at prices that programmatically adjust to reflect supply and demand. Effectively, Smart Tokens come with a built-in liquidity mechanism that ensures they are continuously convertible for other tokens.
To achieve this, each Smart Token connector holds a balance of the token it is connected to. Buyers can use any of the connected tokens to purchase a Smart Token by sending them to the Smart Token’s contract, which then adds them to its connector balance and in return issues new Smart Tokens, which are automatically sent back to the buyer.
PRICING OF THE TOKEN
The formula for algorithmic pricing is central to the system’s design and potential because it enables Smart Tokens to consistently determine their own reliable and predictable prices, ultimately essential for mass adoption of usable tokens. It is built on the idea, that each Smart Token maintains a ratio between its total value (total supply times unit price) and its connector balance.
The Smart Token’s total value, i.e. its market cap, is the amount of money one would get if they sold every token (the entire Smart Token supply) at its current price. The price of a Smart Token is denominated in the connected token.
PGID = 0,5*(Vd*PmR+Vg*PmLBMA)/VGIDT ,
where:
PGID – Smart Token (GID) price
Vd – Volume of Secured diamonds, owned by company
PmR – Monthly Price of diamonds (according to Rapaport)
Vg – Volume of Secured gold, owned by company
PmLBMA – Monthly Price of diamonds(according to London bullion market (LBMA))
VGIPT – Smart Token Total Volume (GIDs total Volume)
TOKEN INFORMATION
• Token: GIDe
• Platform: Ethereum
• Type: ERC20
• PreICO price: 1 GIDe = 15 USD
• Price in ICO: 1 GIDe = 20 USD
BONUS
• Pre-Sale – discount 30%, Pre-ICO – discount 15%
• Tokens for sale: 24,500,000
INVESTMENT INFO
• Min. investment: 60 USD
• Accepting: ETH, BTC, Fiat
• Accepting: ETH, BTC, Fiat
• Distributed in ICO: 49%Soft cap: 40,000,000.00 USD
• Hard cap: 490,000,000 USD
ROADMAP
• Q2 2018
Completed Whitepaper.
Website http://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.
• Q4 2018
ICO Campaing (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 immunity of the Revolut MC credit card.
Third cycle of production of diamonds and gold.
• Q2 2019
Launch of the own mining site.
Launch of cutting workshop in Spain.
Launch of small refinery in Switzerland.
Branches in Angola, USA, Belgium.
• Q2 2023
Start of Buyback campaign.
How interested in investing with GIDcoin project? For more information visit the site below.
WEBSITE: https://gidcoin.io/
TELEGRAM: https://t.me/gidcoin
FACEBOOK: https://www.facebook.com/gidcoin/
TWITTER: https://twitter.com/gid_coin
Author : Sixa
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2225617
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