GID Coin is an international cryptocurrency covered by
two most valuable precious goods in the world (Diamonds & Gold),
powered and secured by Blockchain.
GID Coin is hybrid token (Payable/Asset) which is covered by real assets, secured in bank vaults.
GID Coin has to become an international currency covered by two most valuable precious goods in the world, powered and secured by Blockchain.
GID Coin will be related to mining and procession of diamonds and gold.
Team of GID Coin are professionals with 8 years of experience in diamond business and 5 years in golden business. Have broad connections in Africa, Russia and Canada. Working very close with miners of gold and rough diamonds (governmental and private) have connections with Belgian and Israel cutters of diamonds and also have connections with gold refineries in Austria, UAE and Andorra.
GID Coin is supported by well-known persons, which are Advisors of the ICO.
GID Coin value is covered by polished diamonds and gold bullions. Two most expensive natural resources in the world. In case that gold in equation weight = price loosing to polished diamonds, so the proportion of diamonds / gold looks like 2/1. It means that 2/3 of investments will be spent on polished diamonds and 1/3 on gold kilobars. Hereinafter we can give you short description of the pricing and evaluation of them.
There are two ways of work for the company:
On second stage we invest into mining site in Africa (Angola – primary, secondary – Botswana or Namibia) as private entity and begin to produce rough diamonds and gold ourselves. For our luck rough diamonds and gold are based at the same territory, so there is no need for separate mining sites. Everything goes from the one land
PGID = 0.5 * (Vd * PmR + Vg * PmLBMA) / VGIDT
The company has set its sight on two major objectives. The first is the purchase of polished diamonds and gold bullion. They will organize the process from miners and producers to ensure that from the onset they use less money and earn a huge profit.
At the ICO launch, the GID Coins will sell at about $20. However, the price may vary at the crowdsale due to changes in the exchange rate.
Investors in the pre-ICO will get GIDE coins during the pre-launch. This can later be converted to GID coins when the company secures enough gold bullion and polished diamonds. The GIDE tokens will be placed on a new blockchain and converted to GID in the ration of 1:1.
20% of funds collected will be used to purchase the diamonds and gold bullion. The other 70% will be utilized for production, which will entail:
The Diamond
The Gold
The other method they could use will take place in two stages. First, they will purchase rough diamonds from Africa, Canada, or Russia. These will then be exported to a gold refinery or cutting workshop. They will then be placed in a vault.
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Author: Ketekantrasi
BITCOINTALK
