Project Overview

GID Coin GID

World-first Cryptocurrency covered by Polished Diamonds and Gold Bullions


Ticker

GID

Country

Switzerland

Industries

Website

Contact Email

ot@gidcoin.io


White paper

Platform

Total Supply

50000000 GID


Social Media

Twitter

Facebook

LinkedIn

Medium

Bitcointalk

Telegram

Google Plus

Slack

YouTube Channel

Discord

Steemit

Instagram

Project Description


Description

World-first Cryptocurrency covered by Polished Diamonds and Gold Bullions.

Invest into Coin which:

– covered by real assets, which are secured and insured in vaults of the well-known banks;

– value is free from rumours and decisions of the countries;

– value is always growing or stable during financial depressions.

 

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 with the real business concerned with 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 always 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 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  ,

where:

PGID – Smart Token (GID) price

Vd – Volume of Secured diamonds, owned by company

PmR – Monthly Price of diamonds (according to Rapaport)

Vg – Volume of Secured gold, owned by company

PmLBMA – Monthly Price of diamonds (according to London bullion market (LBMA))

VGIPT – Smart Token Total Volume (GIDs total Volume)

 

At ICO launch the GID price will be average $20 which can vary during the crowd-sale due to the revisions in the exchange rate:

ICO investors are given GIDE (GID pre-launch) tokens that can be converted to GID after company has secure enough polished diamonds and gold bullions;
GIDE tokens will be moved to new blockchain platform and converted into GID in a 1:1 proportion;

Advantages of using DGP rather than Ethereum are as follows:

Safer — DGP blockchain uses its own coins rather than Turingcomplete smart contracts.
Fungible — DGP uses Point-of-Stake (PoS), and since it relegates its platform to GID transactions alone (rather than to additional ICOs) processes your transactions faster.
Cheaper — There is no commissions for small transactions (not more than $1000).

ICO Overview

Ticker

GID

Accepted Payment Methods

BTC, ETH, FIAT

MVP?

No

KYC/Whitelist

KYC & Whitelist

Soft Cap

40000000

Hard Cap

490000000

Restricted Countries

None

Bounty Program


Airdrop Overview

Current Status: Ongoing

Description

1) You need ETH wallet (MEW, ERC20 wallets). 2) To receive first 0,25 GID Coin, join our Twitter channel (@gid_coin) 3) To receive second 0,25 GID Coin join Telegram channel (@gidcoin) 4) Fill the AirDrop form at https://gidcoin.io/airdrop/

Amount Available

30000 GID

Start Date

May 11, 2018

End Date

November 30, 2018


Private-Sale Overview

Current Status: Complete

Private Sale Price

Private Sale Goal

35000000

Private Sale Min Contribution

100

Private Sale Available for Sale

2500000 GID

Private Sale Start Date

May 1, 2018

Private Sale End Date

June 18, 2018


Pre-Sale Overview

Current Status: Complete

Price

0.03

Goal

3

Minimum Contribution

40000000

Available for Pre-Sale

7000000 GID

Pre-Sale Start Date

July 18, 2018

Pre-Sale End Date

August 30, 2018


Public Sale Overview

Current Status: Ongoing

Public Sale Price

20

Available For Sale

15000000 GID

Public Sale Minimum Contrabution

3

Public Sale Start Date

October 18, 2018

Public Sale End Date

December 30, 2018

group

Team Members

Oleg Tkachev

CEO & Founder

Alex Konviser

Business Development Director

Slava Sokoltsov

ICO Development Director

Evan Kirstel

Public Relations Director

Marsel Ibrahimov

Head of IT Development

school

Project Advisors

Roderich Hess

Gold Processing Advisor

Carlos Creus Moreira

Blockchain Advisor

rss_feed

Twitter

Trans Atlantic sold $21 million in rough diamonds at its recent tender in Dubai. https://t.co/WhXh8sSBh4

Botswana’s Okavango Diamond Company saw a drop in sales value and volume in the first half of 2018. https://t.co/yi0hRyLJWv

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