Topic: [ANN]🔥DigitalGold🔥0/64M Nuggets remaining, ICO Now Complete, Launching Q3 2018 - page 23. (Read 5491 times)

Good evening all, am off to Europe for a long weekend along with our lawyer which will finish with signing another contract with an exchange, a large European exchange who are so keen to get DigitalGold on board that they're paying for the whole trip. I do have a few points that I need to sort out with them to ensure we get representative parity with the other currencies on there, but I'm assuming that's not an issue so should have this sorted early next week!

Support will be checking in on the forums and email regularly over the weekend for you - it's all looking great for DigitalGold, Nuggets and GoldNet blockchain.

Would also just add that technically, DigitalGold is a coin rather than a token - we're not piggybacking on Ethereum or any other blockchain. We start with brand new code, an uncongested blockchain and far superior performance and scaleability.

No airdrop. Total circulation is 64,000,000, 95% of which is going to the public on an equal opportunity for all basis in the ICO. The funding requirement is,by ICO standards, very low which is enabling us to offer the coins at a very low price.

In other words, our market cap at launch of the blockchain is almost certainly going to be substantially higher than the ICO market cap. So there will be 'free' profit at launch anyway.


Thanks for your query, please read our white paper for more details and contact us anytime for further details or information.



DigitalGold Support

will there be an airdrop for this token?

As DigitalGold is running on it's own blockchain (GoldNet) and also because the nuggets (DIG) are issuing on a SAFT basis, there is no need for us to use Ether for the ICO unlike most others do.


We are using Bitcoin, simply because it's still by far the most widely traded and widely available cryptocurrency. By using Bitcoin, we maximise the opportunity for new investors to crypto to obtain it and thus participate in our ICO.

Our whitepaper gives a lot more details about the BTC to DIG exchange ratios operating during the ICO - basically, there will be a sliding scale of less DIG to BTC as the ICO progresses. There will also be bonuses amounts on offer for those purchasing 10,000 or more DIG.

All wallets will automatically gain access to our future patent license nugget revenues.



Kind Regards

DigitalGold Support

What coins or currencies do you accept for the ICO?

To answer several questions about the patent bonuses - yes, they are only applicable to ICO investors. And no, the Digitalgold development team will not receive any of the patent licence funds. As detailed in the whitepaper, 25% goes into the DGF foundation, 25% goes to charities, and 50% goes into ICO wallets on a ratio determinded by the ICO investment amount.

So a completely fair way of doing it, and a new way of helping those who get in at the 'ground level' make further gains. And based on conservative projections, the licence fees could be large.

DigitalGoldSupport here, I've just started with the organisation and my main role is to answer queries on the boards, emails and social media.

We will be increasing our presence on all of these over the coming days as the ICO gets nearer.

Happy to answer any questions and if I can't immediately then I'll go to the team or MrNugget to get the info you need.

Have a great day.


DigitalGoldSupport

Replying on here to a lady who emailed us last night with an important question:

'I'm going to buy a large amount of nuggets as soon as your ICO starts - DigitalGold sounds brilliant. Can you guarantee my investment will be private?'



Very important - unlike nearly all ICO's now (even if they don't publicly admit it), we will ensure absolute privacy for any and all investors. Yes, you need an email address but that can be any private or anonymous account that you choose. Beyond that, and a Bitcoin address, we collect no further information. Certainly not public names, addresses, phone numbers or even IP address (which a large number do - trust us on that point as some of our measures pre-launch have been taken explicitly to avoid collecting information that could potentially be used against our investors in the future). Chain analysis will NOT work with DigitalGold - good news for all.

Along with private balances and transactions, DigitalGold is the true future of secure, private cryptocurrency.

It' s looking increasingly likely that the DigitalGold ICO will be heavily oversubscribed - that is, the 64M coin limit will be reached well before the end of the planned 3 week ICO period. We state that based on the sheer number of emails asking about purchasing nuggets, both in the ICO and enquiries regarding pre-ico purchases - in some cases, for substantial amounts.

We will not sell nuggets early for any reason or any price - we intend to run the ICO fairly and equally, it's one of our founding principles and why we dislike pre-icos, VC money, distorted pricing structures etc.

But we do appreciate the support - we still have a lot of work to do throughout May to get ready for next month's ICO but we will be ready for it, however rapidly the nuggets sell out or whatever the demand levels!



Thanks again for making these first couple of public DigitalGold days so exciting and positive.

NEWS: 2nd of our at least 3 exchanges now confirmed for GoldNet launch. Guaranteed liquidity and choice. At least one more to be added to come...

NB:  I'll be in meetings most of today, the most important of which is tying up one of our crypto exchange arrangements.

We always knew it was vital for DIG to be tradeable from day one, both for liquidity and to repay the trust that ICO Investors will place in us. Nothing worse than finding a wallet full of brand new currency but with no easy way to trade it. Fortunately, that scenario WON'T be impacting DigitalGold.

Our admin staff should be able to respond to most of your posts or email queries, and I'll check in again later to update as necessary.


Have a great day,

Thanks, from the day one response on email it's looking like we could reach our hard cap in week one or two of the ICO. It's such a relief and great news that the currency is resonating with so many people.

I will wait for further news from you. Good luck

It's been suggested to us to start up an ICO notification list...so we have!

Send us an email with the word ICO in the subject line and your address will be added to our notification list. This means you will be sent a reminder email a few days before the ICO starts, with all the pricing, details and information you need to take part.

It's not for general news updates - we will continue to use this and other public forums, along with our website, for that purpose but it's a great way of ensuring you don't forget about the ICO or miss out on the first week, which is when the biggest bonus and cheapest nuggets are available.



Kind Regards

DigitalGold Collective.

a great project for investors. many advantages are in this project. hopefully to progress well and smoothly as planned.

thoughtful and promising project
. Good luck everyone.
egretia

So it's the end of a very busy first day of publicly announcing DigitalGold. We've got the website up and running, made a few adjustments to it here and there, answered a surprising amount of emails! And even managed to do a few job interviews this afternoon for data admin positions for the ICO next month. Really is full speed ahead now after a year of work leading up to this.

The whitepaper has been downloaded a huge number of times, so we are delighted that our proposals are getting read by so many interested parties.


Only going to get busier from here on in, but we pledge to answer every single enquiry and email as soon as we feasibly can.



Regards,

DigitalGold Collective

This is a general response to the above posters' questions/comments - sorry for the delay in replying, it's been a long and busy day.




Firstly, thank you for taking the time to consider DigitalGold and to study our whitepaper.


There are a number of differentiators that place DigitalGold apart from other cryptocurrencies currently available or in development.

We are on our own blockchain, GoldNet. That alone avoids the severe (and ever more serious) congestion occurring on the over-stressed Ethereum network. It is a blockchain based on Proof Of Stake. This leads to another of our key advantages - our cryptographer has solved the critical problems that swirl around the standard methods of approaching public POS-based chains. GoldNet involves using completely different mathematic validation - so much so that we were able to successfully seek a patent on the application of the algorithms. Like most new maths, the elegance and simplicity of it makes you wonder why it hasn't been 'discovered' before. It has applications far beyond crypto, without a shadow of a doubt. As for similarities to existing blockchains, not really applicable here. Perhaps elements of NXT and Monero, although that's not really an ideal conflation to describe GoldNet. This is part of the reason that we have worked privately and under the radar for most of the past year. For our specific coin, DigitalGold Nuggets (DIG), the above gives us the ability to validate transactions at a lightning speed, and operate with security and headroom for scaleability as required.

Because we are awaiting the official granting of the patent, we simply cannot put this onto gibhub or other public sources at this time although we expect our patent to come through any time now.

The whitepaper goes into a lot more details, but we have carefully structured our potential license revenue around feeding back into demand, hence price, of nuggets, along with dividend-like payments for ICO wallet holders. DigitalGold developers will not receive any patent revenue - it all goes into the foundation, to charity and to ICO wallets, as detailed in the whitepaper. The patent has been sought to drive demand and enhance DigitalGold rather than as a cash grab.


Away from the patent side of things, DigitalGold offers private, anonymous balances and transactions in a similar way to Monero, but approached from an entirely different angle.

We believe DigitalGold has a main use as a store of value. With the low funding requirement we are seeking translating into a low price per nugget and a maximum circulation of just 64,000,000 (with nearly 95% going to ICO investors on an equal basis) it can be seen that the growth potential simply compared to previous coins is extremely positive. And that is comparing like for like - DigitalGold is in our opinion far superior.




So to sum up, what are we saying here?  An appreciating crytpocurrency or more accurately as our finance director describes it, 'a digital wealth asset', with a main use case of growth and rapid price appreciation, thanks partly to the hard cap, absence of coin mining and increasing demand hence price over time. Further and ongoing demand to be driven by licence based payments which must be partly made in nuggets by companies for the use of the proof of stake algorithms. Finally, a presence on exchanges from day one ensures liquidity for those wishing to buy or sell part or all of their ICO investment.




It was only the above question about a roadmap that made us realise we never actually created a roadmap as such. This was because we've spent the past year grinding away, solving problems etc - it's simply taken as long as it has taken and it would have been wrong to either try and put a timeframe on it, or to bulldoze our team into trying to fit into said timeframes. But from the position we are now in, going forward, and based on the June 2018 ICO, these are the general timeframes we anticipate:

May 2017 - DigitalGold development started with private funds
May 2018 - ICO recruitment, ICO preparation
June 2018 - The DigitalGold ICO
July  2018 - Post ICO recruitment and final code crunch for launch
Q3 2018 - GoldNet blockchain launches. Nuggets tradeable on several exchanges from day one
Q4 2018 - DGF Foundation launches. Patent licence payments should now be operational for ICO wallets.
2019 and beyond - Constant development and growth with support from the DGF






Kind Regards

DigitalGold Collective

I'm interested in. Technically. On the basis of what famous coin is the coin made? I know several branches. Bitcoin, Ethereum, Neo, Waves.