There is no doubt that the success of cryptocurrencies is currently a continuous journey in today’s time. With so many existing and on-going crypto projects aimed to bridge the gap between the value of cryptocurrencies in a daily life setting, many still remain indifferent for not being able to appreciate the value and importance of cryptocurrencies.
While other crypto projects aim to increase real-life applications of cryptocurrencies, the team behind GID Coin hopes to increase its value and importance for the benefit of the crypto-community as a whole. The GID Coin project is aimed to help strengthen the value of cryptocurrencies and hopefully increase the population of the crypto-community by backing up cryptocurrencies with golds and diamonds.
Backing up cryptocurrencies with a tangible and precious physical asset will increase the demand of the said currency which will allow the public to see more relevance in using cryptocurrencies.
It is a fact that the precious stones and minerals industry is an industry that remained inaccessible to the general public due to its high value of entry, even way back then. The said industry becomes a world manipulated by the rich and powerful entities of the community leaving room for growth and richness secluded to likes while the hardworking producers and ordinary people remain where they are economically and financially.
What the team behind GID Coin aims is to allow an easy access to the said market to all its token holders who wish to invest in the said market. Giving users a transparent and liquid ecosystem as well as a cheaper means of entry to the precious stones and minerals industry, the value and adaption of cryptocurrencies will definitely increase in no time.
The team has been a part of the gold and diamond industry for 8 and 5 long years respectively. And have built private and government relation to miners, cutters and refineries that will make the overall gold and diamond process needed for the GID Coin project feasible.
The GID Coin Project
GID Coin makes use of the two most precious goods in the word, gold and diamond. The value of gold and how it has rose to fame started even way back then. The most famous form of gold asset that rotates around the market is called Bullions. These are bars made of precious metals such as gold, silver and copper. In GID Coin’s case, gold assets are in the form of gold bullions.
GID Coin makes use of the two most precious goods in the word, gold and diamond. The value of gold and how it has rose to fame started even way back then. The most famous form of gold asset that rotates around the market is called Bullions. These are bars made of precious metals such as gold, silver and copper. In GID Coin’s case, gold assets are in the form of gold bullions.
Diamonds however is probably one of the most valuable stones not just because it is now scarce but because it never depreciates in value. Its value is independent of the market state and during recessions, it won’t go down in value but remains constant instead making it one good investment for many who wishes to have a financial security in anticipation of future market recession and other geopolitical reasons.
For these reason, the team behind GID Coin chose these two as a mean of providing more value in cryptocurrencies to all its community as well as providing them a future with financial security.
The above image shows how GID Coin processes transactions within its ecosystem.
GID Coin’s polished diamonds are characterized in 4 characteristics (4C). First is carat, all polished diamonds has a carat range of 5 to 12 cts. Second is color, D-G. Third is clarity, IF-VS1. Last is cut, round. Such polished diamonds with these characteristics can range from 240,000,000 USD to 2,800,000,000 USD.
As for the gold bullions, GID Coin’s cost 588,126,000 USD in value.
The rough diamonds will be bought from miners across Africa, Russia or Canada and will be polished at workshops in Belgium and Israel. And the cutting process will be done in Geneva or Spain. The transportation of both diamonds and gold bullions will be done by trusted security companies BRINKS and MALCA-AMIT. All finished goods will be stored in safehouses located in Switzerland (UBS, Credit Suisse), United States of America (J.P.Morgan or Citibank) and in Spain (Santander) or in United Kingdom (Barclays). And the insurance of the goods will be covered by AXA, Zurich Insurance Group and Allianz SE.
GID Coin Partners
GID Coin Token Sale Details
Token: GIDe
Price: 1 GIDe = 20 USD
Platform: Ethereum
Soft cap: 40,000,000.00 USD
Hard cap: 490,000,000 USD
Country: Switzerland
Token: GIDe
Price: 1 GIDe = 20 USD
Platform: Ethereum
Soft cap: 40,000,000.00 USD
Hard cap: 490,000,000 USD
Country: Switzerland
To get the latest updates on this ICO, visit their official social media pages and view their website and whitepaper.
- Website: https://gidcoin.io/
- Whitepaper: https://gidcoin.io/wpcontent/uploads/2018/05/WhitePaper_En_GIDCOIN_0418.pdf
- ANN Thread: https://bitcointalk.org/index.php?topic=3767748.0
- Twitter: https://twitter.com/gid_coin
- Facebook: https://www.facebook.com/gidcoin/
- Telegram: https://t.me/gidcoin
- my profile: sama28
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