What is Golden Currency?Golden Currency is a project of the first fully functional private currency, convenient and efficient infrastructure with utilization of modern technologies, including blockchain. In other words, we are talking about creating a legal and independent private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient currency.
The main goal of the project is to establish a monetary system of the new Golden currency, which includes the first fully functional global private currency issuance, both cash and non-cash, 100% backed by gold. Establishment and development of infrastructure for new currency operation, ensuring its efficient and convenient utilization and maximizing its use.
Establishment of Golden currency and its infrastructure will be based on the key principles described below. When deciding on the elements of the system, key principles will be taken into consideration at first. In case of alternatives, only solutions based on such principles will be chosen. Golden system independence will always be a priority. The ultimate goal is to provide a stable system that will function, despite the exclusion of any individual or entity from this system. In this case, it is blockchain and reliable legal schemes with the use of the Swiss Foundation, funds under independent management, separation of legal entities by functions, etc. Transparency is one of the elements of trust in the system and one of its competitive advantages. In no case it is meant to provide transparency at the expense of anonymity. In this case, transparency means maximum transparency of the system itself, its operations and management.
In the process of development and implementation of the Golden system, the best world practices will be analyzed to select and implement the most modern and reliable. In addition, the possibility of easily updating the elements to more modern technologies will be taken into consideration. Other things being equal, the system will be based on the principles of possible replacement and updating of such elements without damage to the system. Golden is a fully functional currency, but with additional advantages. If you live, for example, in the US - for you the Euro and the Turkish lira is the foreign currency, if you live in Europe - for you the Russian ruble and the Chinese yuan is the foreign currency. Now imagine that among currencies that you can buy legally, for example, in exchange offices, there is a new currency Golden. You can exchange your national money for paper money Golden and put them in your wallet.
How does Golden currency workAs said earlier, Golden Currency is a fully functional currency. However, it offers additional advantages. One of such is that, you can work into an exchange office to legally buy the currency with your national money.
Yes, it’s a lot like fiat like that. Yet, unlike your national money, you know the Golden currency in your wallet is not subject to inflation because it confers a fixed amount of gold. Furthermore, when the exchange value of said gold increases, so does the value of the money. Hence, serving as a good source of passive income.
This platform
- Global banking network (including banking infrastructure)
- Gold repository
- Crypto fiat currency exchange
The main stage of the Initial Coin Offering is expected to take place between September 1, 2018 and October 15, 2018. Before that is the Pre-ICO stage where buyers can enjoy various bonuses. An ICO Golden Currency Token (IGCT), whose value is an equivalent of 1 USD, will be issued within the Initial Coin Offering.
The soft cap for the event will be 10 Million USD while the hard cap is expected to be 250 Million USD. The total amount of token that’ll be used for the Pre-ICO is 7,600,000. Without additional issuance, a limited 250,000,000 tokens will be provided for the ICO. Any unsold token during the Pre-ICO and ICO will be burnt.
Tokens Details
- Token PGCT
- Price 1 PGCT = 1 USD
- Platform Ethereum
- Accepting ETH, BTC, Fiat
- Soft cap 10,500,000 USD
- Hard cap 205,000,000 USD
- Country Singapore
- Whitelist/KYC None
The project is implemented by a highly professional team led by founders with extensive experience in implementing complex and large investment projects - Igor Chekun, head of the private equity fund with a project portfolio of over 1.1 billion USD, and Lev Voronov, a businessman, former founder of metal mining and automotive industry group.
More info visit the LINK:
Website: https://www.goldencurrency.world/
Whitepaper: https://www.goldencurrency.world/white_paper_eng.pdf
Facebook: https://www.facebook.com/GoldenCurrency.world/
Twitter: https://twitter.com/goldencurrency
Medium: https://medium.com/goldencurrency
Telegram: https://t.me/Golden_Currency
GitHub: https://github.com/goldencurrency/
ANN Thread: https://bitcointalk.org/index.php?topic=3217315.0
Authored by: https://bitcointalk.org/index.php?action=profile;u=1444856
Wallet: 0x314eeD7e7eDDDD5f3364F057EAA7114483337bA0
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