Hey guys,
This may be of interest to you gold bugs out there, and any crypto investors. OneGram is a new coin that will start out being backed by one gram of physical gold which you can redeem in physical. The ICO starts on May 27 and will go for 120 days or until 12 milllion coins are sold, whichever comes first. There will be no mining of this coin.
The interesting part of this coin is that 70% of its transactions fees will be used to buy more gold to be equally distributed amongst the coins. So as time goes by, each coin will be worth more than a gram. So not only will gold prices affect the value of the coin, but the fact that it will be redeemable in more and more gold.
I made a mistake on vid about starting date...ICO starts on May 27.
Cheers