What Is GID Coin? The GID coin is a global crypto coin that is secured by two significant resources: Gold and precious stones. This coin is controlled and sponsored by the blockchain. This coin is a crossover token that can be utilized for installment and as an advantage. The organization will have its base camp in Switzerland. It will work as indicated by the rules put forward by FINMA.
- Backed by real assets, which are secured and insured in vaults of well-known banks all over the world;
- Value is free from rumours and decisions of the countries;
- Value is always growing or stable during financial depressions.
GID Coin is an international cryptocurrency covered by
two most valuable precious goods in the world (Diamonds & Gold),
powered and secured by Blockchain.
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:
- 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.
- Proportion will be as follows – 30% of the budget goes for the purchase of the final product and the rest 70% will be used for the full cycle of production.
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
GID Coin Diamonds & Gold Cryptocurrency Project Ideal
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.
GID Coin GID Token ICO Details
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.
- Token: GIDe
- Platform: Ethereum
- Type: ERC20
- PreICO price: 1 GIDe = 15 USD
- Price in ICO: 1 GIDe = 20 USD
- Pre-Sale – discount 30%, Pre-ICO – discount 15%
- There is also an airdrop for those that register for it on the GID coin site.
- The ICO Soft Cap: 40,000,000 USD.
- If less than this amount is raised, all investors will have their money refunded to them.
- The ICO Hard Cap: 490,000,000 USD
- The GIDE tokens will be released once the ICO ends, which will be about a month after the ICO is over.
Use Of The Funds
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 purchase of rough diamond from the mine or mining of diamonds
- Polishing the mined diamonds
- Earning GIA and HRD certification
- Insuring the purchased diamonds
- Placing the diamonds in a vault
The Gold
- Purchasing raw gold from the mining site or mining the gold
- Refinement of the mined gold
- Certifying the gold
- Insuring the gold bars
- Placing the gold bullion inside a vault
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.
The detailed information:
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