Hey folks, @puregoldio here with another overview about the ICO (Puregold). PureGold aims to solve for these points of friction by developing a gold-backed cryptocurrency and payment gateway. They have attracted a team with many years of combined experience in and around the fintech world to launch the initial coin offering (ICO) of their proprietary ‘PGT” and PGG (Gold-Backed) tokens. In doing so, they will accelerate their vision of “worldwide adoption of gold as the de facto international currency in all commerce transactions.”
ICO SUMMARY
Puregold.sg was established in 2010 as an e-commerce store selling value-added gold and silver coins and bars. It is one of Singapore’s premier private mints with its own in-house factory. It aspires to be the leading hub of creative quality premium gift coins and bars that are made in Singapore. Apart from physical retail shops, it also runs and manages an online platform, www.bullioncurrencies.com, empowering merchants and consumers to use gold as the base currency for all transactions. With its experience in the gold price market, Puregold.sg stepped into the global arena of gold trading and electronic gold exchanges.
Puregold.sg is proud to have won the Asia Pacific Top Excellence Brand year 2012. This prestigious award is presented by an influential regional business magazine, the Global Business Magazine. This title is awarded to outstanding brands each year, examined in aspects including brand image, longevity, esteem and familiarity, goodwill, customer loyalty and overall market acceptance.
Bullion Currencies (Pte Ltd) is a subsidiary of Puregold.sg Pte Ltd. It provides an online platform where customers are able to buy and sell gold, and also use the gold as a means of payment when purchasing goods and services. It firmly believes in the notion of “Gold is Money” and has taken this literally into the e-commerce world.
Working together, they provide customers an all-round service and pleasant experience when dealing with their gold transactions.
Puregold.sg, which is headquartered in Singapore, has offices and retail outlets in Vietnam, Malaysia and Indonesia. It has also launched a Gold Dispensing machine in Singapore.
Some components which PureGold platform has:
PureGold stored value card: PureGold will isuue value cards to their cunsumers which can store both PGG and PGT.
PG payment terminal: Merchants can accept PG Cards for payment values of product.
PureGold dispenser machine: This machines will be available in few years, if everything went well.
PGPay payment gateway: To completes the suite of back end system and front end system app to run online and mobile transactions.
Is PureGold is differnt than other gold crypto’s!
PureGold will be first payment gateway which will use PGG supported by Gold.
Two tokens one PGT for transactions on site and second one is PGG as a digitized form of physical gold.
100% transparency of Gold in storage will be available.
PureGold using third party Safe House to store physical gold.
Fastest registration process and and user identification process.
Application Programming Interface (API) for supporting application software.
PGG Applications
PureGold is based on Ethereum blockchain tokens. They chosen Ethereum blockchain because it is most suitable and easy accessible platform which provide all blockchain needs at one place. Lets see some applications and functions which PGG is going to launch or use. Saving Storage: PGG offering long term and secure storage with some options like converting the gold to fiat or to some form of crypto currency such as LTC, DOGE, BTC, etc.
Specifications of PGG and PGT token
Emission: PGG never exceeds total amount of storage of gold. PGT emmited in a limited supply.
Exchange rate: 1 PGG = 1 gram of gold plus 5% commission. Variance between PGG and gold is no more than 4%. 1 PGT = 1 ETH definitely rate will be depend on exchanges.
Applications: Depends on agreement by PGG. Used for transaction fees, exchange for goods or services.
Features: Price depends on Gold price. PGT price depends on public demand.
Token swap: PGG will launch after token swap. PGT will released via token swap.
PureGold platform: KYC needed to use PGG on platform. PGT can be used anywhere online. Also on puregold for transaction fees at low rate. For exchange of goods and services.
ICO Swap Distribtion
Puregold ICO of PGT is officially conducted in two phases -
Pre-ICO and ICO. The targeted maximum number of PGT that will be minted for Pre-ICO and ICO is set at 50,000,000 tokens. Thereafter, no more PGT will be minted.
I have read Puregold ICO white paper and assembled this information. For further details, you can visit their official website: https://puregold.io/en
Twitter: https://twitter.com/Puregold_SG
Facebook: https://www.facebook.com/puregoldio/
Instagram: https://www.instagram.com/puregoldio/
Youtube: https://www.youtube.com/channel/UCWlLJ2AS53edTT0VUWrfaVg/videos
Telegram: https://t.me/joinchat/G6LYPxIjyzw5AOX7f1BVRw
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2687883
Created by -
Rajnikumar Patel - https://bitcointalk.org/index.php?action=profile;u=1440473;sa=summary!