Topic: [ANN][ICO] OROCRYPT – Digitized Precious Metals On The Ethereum Blockchain (Read 43159 times)

I bought some of these years ago at ico. Whats happened with this coin? thanks

https://medium.com/@orocrypt/benefits-of-trading-orocrypt-on-p2pb2b-exchange-65a8456f0aae

We are pleased to announce that our gold-backed token OCG is now listed at P2PB2B.IO

We have re-deployed the OCG Smart Contract in order to activate the bullion gold storage fee function. The new official contract address is 0x739D2fCCf04889965B6f4eB7830f5b7270Fab2c1 All token holders had their balance transferred to the new contract address and no action is required by them. This will be reflected in etherscan's website within a few days. Any new purchases and sales will be based in the newly merged Smart Contract. Our special thanks to the Applicature team, who has done a great job with the re-deployment.

We are pleased to announce the future listing of our gold-backed token OCG in the P2PB2B exchange p2pb2b.io.  P2PB2B is the 20th largest crypto exchange according to Coinmarketcap https://coinmarketcap.com/rankings/exchanges/ 

Hi.  Please see our previous 9th April post above "3) Have you forgotten about hunters? Or did I miss the promised lottery?  Not at all!  We will have the lottery for the bounty hunters that helped with the ICO a year ago.  Again, it is a question of resources and hiring the personnel that can work on it."

We most definitely have not forgotten those who helped with the ICO bounty campaign.  We believe our ICO failed mainly because we were the first asking for KYC from our investors, which was strongly resisted by the community, and not by fault of the bounty participants. 

Please be aware that the markets for both cryptos and gold are very depressed.  Our current gold token sales do not provide funds for expansion.  We expect that when cryptos and gold prices begin recovering we will have more sales and be in a position to implement our future plans.

Correct that there are ordinary ways of purchasing precious metals, however the transfer costs are much lower in digitized metals.  Also our client's privacy is protected by Panamanian law.  We will only disclose our client's information when ordered by a Panamanian court of law judgement.

We would be really grateful if you could provide examples about which and especially how are other ICOs better dealing with this matter.  In our analysis, we have determined that our OCG gold backed token is the simplest, best designed and most transparent gold cryptoasset available today.  So far is the only one that tracks the gold market price with 100% correlation.  The gold is stored in first class PRIVATE vaults only subject to laws under Swiss, Liechtenstein and Cayman jurisdictions.  Our physical delivery process is industry standard, one OCG token is ALWAYS 30 grams of fine gold and finally, Orocrypt and our partner vaults are responsible for bullion losses of the stored gold backing the tokens.  

Apparently the participants of the bounty campaign will never see any lottery?

To the best of our knowledge, our OCG gold token is the ONLY gold backed token 100% correlated to the gold market price.  Also the ONLY one where when taking physical delivery of gold you don't need to be in person at the vault.

OROCRYPT are projects that I'm interested. The leading products of you very well and are appreciated

The coins will act as a digitalized real precious metal is definitely an advantage for any investor cautious about any crashes or price going down. However, I'm not sure if they do anything revolutionary. There are already ordinary ways of purchasing metals, and many other better organized and designed ICOs dealing with this matter.

Update.  You are probably receiving multiple messages and emails about accepting new terms about the European General Data Protection Regulation (GDPR).  The good news is that you do not need to do anything about your data at Orocrypt.  We do not sell or share your registered data or use externally in any way.  Our registered users are protected by the Panamanian privacy regulations.
For behaviour statistics, and business intelligence we use the service by
Google LLC (" Google Analytics ​"), a company located in the United States. Data that we may provide to Google Analytics may include your IP address and that data is used by Google Analytics to generate information about your usage of our service.  We do not pass this information to any parties.  Google's privacy policy is available at:  https://www.google.com/policies/privacy/ .
The law requires us to tell you about your rights and our obligations to you in regards to the processing and control of your personal data. We do this now, by requesting that you read the information provided at www.knowyourprivacyrights.org.

We only use your Personal Information for the following purposes:
    To manage and administer our Platform;
    To improve your browsing experience by personalising the Platform;
    To enable you to use the Platform;
    To deal with enquiries, complaints, and feedback from you and our service providers;
     To publish generic transactional information relating to trades undertaken using the Orocrypt platform;
    To perform compliance checks; to prevent fraud; to send you emails; and to analyse and improve the services offered on the Platform.

Except to the extent required by any applicable Panamanian law, We will not disclose your Personal Information to any third party other than to a service provider to whom we are required to disclose database information in order for them to provide their services to Us, ie: our server and backup providers.

Under GDPR, any business that has access to personally identifiable information given to another business is considered a Data Processor. GDPR states that Data Processors need a Data Protection Addendum (DPA) with their customers. Orocrypt does not give or share clients information to any other business whatsoever, therefore Orocrypt is not a Data Processor.

Our client's data is protected by Panama's privacy law and not shared with anyone outside our hosting server provider, our devs and our management!  Period!

And one doubt, those who helped publicize the project by participating in bounty campaigns, will those still be compensated in any way?

That's cool. I'm glad you're back. To tell the truth, I liked your idea a year ago and I was a little upset when you said that you did not collect the minimum amount and suspend the project. I'm sure that this time everything will turn out for you, for sure this year has not gone in vain for you. Good luck and patience to you guys.

A reward for our early investors: The first five million euros invested in our OCG gold backed tokens will have free storage for the next three years. Current gold market prices of 30 grams of gold at EUR 1.063,68 translate into the first 4837 tokens sold.  Please consider that if the gold price rises, the storage free tokens will decline because the OCG token value will increase.  Conversely, if the market price of gold declines, the number of storage free tokens will increase.  1 OCG = 30 grams of gold = the market price of gold.   

And the project was never stopped 

Hello.  Thanks for asking,

1) Why do not you update the topic of this thread?  We do not yet have any staff to take care of PR.  You know our ICO didn't reach the minimum, so we refunded most of the investors.  The business continued funded privately and by the founders.  We will start hiring for PR and marketing in the near future, so this thread will get the attention that it must have.  So far our efforts and money have been focused on getting our technology and legal status right. 
 
2) Why do not you publish detailed information about the tokensale?  It is not a tokensale or ICO.  It is our ongoing operating business.  There is no minimum or maximum.  Neither there is a time deadline.  Just as Tether issues more tokens when more people buy dollars, we will issue more gold tokens when our investors buy more gold.  As long as the business goes on, we will sel gold tokens for the market price of 30 grams of gold plus our fees, and we will buy them back at the market price flat.

3) Have you forgotten about hunters? Or did I miss the promised lottery?  Not at all!  We will have the lottery for the bounty hunters that helped with the ICO a year ago.  Again, it is a question of resources and hiring the personnel that can work on it.

4) Do you start a new bounty campaign? No.  As said, this is an ongoing business.  Every working day we are ready to sell and buy the OCG gold tokens, whether their volume is 1 or 10000.  We immediately buy bullion gold, so always each OCG is backed by 30 grams of fine gold.  For those who want to sell, we buy them back at the then market price of gold and send the sold OCG to the burning address.  So each OCG's value is always the value of 30 grams of gold.

Hello, dear @Orocrypt!

Interesting news. I'm glad to read that you have resumed the project. But a few questions arose:

1) Why do not you update the topic of this thread?
2) Why do not you publish detailed information about the tokensale?
3) Have you forgotten about hunters? Or did I miss the promised lottery?
4) Do you start a new bounty campaign?

Thanks for the clarification in advance!

Kind regards!

Our gold token OCG is operational and registered in the Ethereum blockchain and our website is ready for operations. Clients can now register and buy OCG gold tokens after going through our approval process. Please see our AML/KYC document tha can be downloaded from https://orocrypt.com/static/docs/kyc_alm_english.pdf

Please note that our gold token is only available from our website orocrypt.com and after the client has registered and been approved. 

The token Smart Contract can be seen at etherscan.io or ethplorer.io by entering  its symbol OCG Orocrypt Gold Token. The OCG token represents the ownership of 30 g of LBMA compliant bullion gold held at the vaults of OZL in Liechtenstein AG, Swiss Gold Safe in Switzerland or Byzantium in the Cayman Islands.

The OCG token offers gold investors a safe method to digitize bullion gold, convertible on demand. It is compatible with all Ethereum wallets allowing for direct P2P transfers. Initial investors will need to go through our KYC procedures. Then, they could trade the token with anyone instantly and seamlessly. A token holder who is not our client would need to be registered and go through our KYC procedures in case he/she wants to either take physical delivery of the bullion, or sell the tokens back to us for cash or crypto settlement.

I'm very interested in tokenized precious metals as a brilliant blockchain use case. Any recent updates about this project? Thanks