By and large, a legal, independent, modern analogue of the existing Central banks and their infrastructure is being created.
The entire Golden infrastructure will strive to provide the user with the conditions under which he / she will not care in terms of functionality, in what currency to store his / her funds. And if so, then, taking into account the advantages of the currency Golden, the most reliable and profitable for the user will be to store the money in Golden, which is not subject to national risks and inflation.
The main objective of the project is to create a unique monetary system, which includes the following aspects:
Golden Currency. Issue (issue) of the world's first full-fledged international private currency Golden in cash and cashless form, secured by physical gold.
The infrastructure of the Golden currency. Creation and development of infrastructure for functioning, ensuring efficient and convenient use of the new currency and maximizing its use.
- global banking network and banking infrastructure (Bank Golden);
- crypto currency exchange integrated with the banking network (Golden Exchange);
- security storage (gold).
All this is clearly shown in the figure.
The use of blockchain technology is expected in all key elements of the emerging monetary system:
- in the system of management and control of gold reserves-as an important element of reliability and openness, publicity of the system;
- in the banking network - during international payments, transfers, currency conversions - to ensure speed, reliability, versatility, as well as integration with the foreign exchange;
- in the currency exchange – during the exchange of Fiat and cryptocurrency - to ensure the speed, reliability of transactions in General, blockchain technology will be aimed at ensuring decentralization, control, bundles of Fiat and cryptocurrencies, the possibility of conducting, including global, banking and currency transactions as quickly as possible, with minimal costs to the user.The initial currency issue will be made on the basis of ICO on the basis of the first formed Golden Bank. A predetermined part of the funds collected as a result of the ICO will be directed to the acquisition of gold reserves and the manufacture of banknotes. Before issuing a Memorandum will be formed, which will determine the details of such issue, including its volume and the order of the exchange of Golden gold, as well as details of the formation of preliminary applications for the purchase of Golden, if the issue will provide for such a possibility.
The gold standard for Every Golden will be provided with a fixed weight of gold. Previously, it is assumed that Golden will be provided with gold in an amount close to the stock value at the time of issue, to 1 us dollar (about 0.02 g of gold)!
Golden Exchange cryptographic currency exchange
Golden Exchange will be an important part of this system. Golden Exchange will be officially registered with obtaining the necessary licenses as an exchange with the ability to trade crypto-assets and Fiat currencies. Exchange users can easily carry out currency exchange operations through the exchange (in any direction) Golden-Fiat, Fiat-Fiat, Golden-crypto, crypto-crypto.
Basic use Golden Exchange implies its use through integration with the Bank Golden Bank. When opening an account with the Bank, the user has access to the exchange's capabilities, without the need for additional registration on it.
Pre-ICO
Pre-ICO will take place from April 16, 2018 to July 16, 2018 with the release of pre-ICO Golden Currency Token (PGCT) tokens with a smart contract on the Ethereum platform. During the pre-ICO, 5,000,000 pre-ICO Golden Currency Token (PGCT) tokens will be issued, and an additional 2,600,000 tokens (an additional amount can be adjusted according to the Seed Round results) required to pay for tokens distributed according to the seed round results and pre-ICO bonus charges (a total of 7,600,000 tokens). The cost of ONE pgct token is equivalent to 1 USD. Terms of purchase will depend on the time of purchase, the sooner the contributor will make the purchase of tokens, the better conditions he will be able to get. Hard cap is 5 million dollars!
More information in:
Website : WWW: https://goldencurrency.world
ANN Thread: https://bitcointalk.org/index.php?topic=3217315.0
Whitepaper: https://www.goldencurrency.world/white_paper_eng.pdf_eng.pdf
Twitter: https://twitter.com/goldencurrency
Author: https://bitcointalk.org/index.php?action=profile;u=1725951