WORLD FIRST GOLD AND DIAMOND BACKED CRYPTOCURRENCY

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
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 Whitepaper
• Website 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 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

Q2 – 2019
• Launch of the own mining site
• Launch of cutting workshop in Spain
• Launch of small refinery in Swiss
• Branches in Angola, USA, Belgium

Q2 – 2023
• Start of Buyback campaign

Author :

Bitcointalk : bitmattrix88

https://bitcointalk.org/index.php?action=profile;u=1255923

WORLD FIRST GOLD AND DIAMOND BACKED CRYPTOCURRENCY | Ecency