PUREGOLD

PureGold is the first payment gateway to use gold- backed tokens. PureGold is a dedicated virtual shop for value-added selling of gold and silver coins and bars. It is one of Singapore’s best private companies with its own in-house factory. It aspires to be the main core of premium gift in quality and creativity in the manufacture of coins and bars that are made in Singapore.

Puregold manages an online platform, Bullion Currencies (Pte Ltd), enabling traders and consumers to use gold as the base currency for all transactions. With its experience in the gold price market, Puregold.sg has entered the gold trade and electronic trading with gold, achieving a successful trajectory, has received several awards for being a remarkable brand every year, evaluated in the aspects such as brand image, longevity, esteem and familiarity, goodwill, customer loyalty and general market acceptance.

PureGold aims to promote international and global acceptance of PG-Pay as a fast transacting and efficient payment method for digital gold transactions. Furthermore, asset caches have to be installed in major countries for fast cross border settlement.

The platform has several features, such as Users can transact, buy and sell their cryptocurrency in the market provided by PureGold. People will be able to save, spend and exchange Gold in the same way as other currencies, but in more renewable, fast, cheaper and safer ecosystems than is available now in traditional banks or paper currencies. The PureGold platform provides 2 tokens as a valid payment instrument within the Platform; firstly, PGT can be used for transactions and second, PGG as digital physical gold form. PGG is a digital gold issued by Puregold and fully follows the current global gold price and has been certified for authenticity. For the sake of security of digital gold deposited on the PureGold Platform, Safe House Pte Ltd is selected as a third party company that directly deposits the gold contained within the PureGold Platform. The PureGold team also developed a card that can be used to store PGG and PGT and can also be used as a transaction tool at PureGold Machine Dispenser. The PureGold team developed the Platform using Blockchain technology and the Ethereum smart-contract system, which ensures every transaction is fast and secure. Puregold will commence its operations by sending Gold’s best current mobile money payment application. With this mobile app, PureGold hopes that Users can make payments safely and quickly through the devices they use.

Puregold is using Ethereum platform as it is currently the most widely accepted platform which offers all the benefits of a blockchain (full traceability, non- repudiability etc.) and multiple source language implementations that encourage integration. Ethereum will handle only the parts needing consensus, transparency and accountability. Other services will continue to be provided using existing technology.

Puregold needs a transactional blockchain with a powerful system of smart contracts which have the ability to ensure that a transaction can combine with the results of previous transactions to provide auditable consistent results. To date, Ethereum is the only stable system that has achieved widespread adoption.

PureGold Token

PGT is a utility token issued by Puregold to be used to pay or offset transaction fees on the Gold-Commerce platform. Puregold ICO of PGT is officialy conducted in two phases – Pre-ICO and ICO. The targetted maximum number of PGT that will be minted for Pre-ICO and ICO is set at 50,000,000 tokens. ICO started from January 15 and will be to March 14.

Token Details

Symbol: PGT
Pre-ICO: 21 DEC 2017 - 6 JAN 2018
ICO: 15 JAN 2018 - 14 MAR 2018
Price: 700PGT = 1ETH
Total Supply: 50M PGT
Pre-ICO: 10M PGT
ICO: 40M PGT

Fund Allocation