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Topic: [ANN][ICO] OROCRYPT – Digitized Precious Metals On The Ethereum Blockchain - page 8. (Read 43235 times)

member
Activity: 85
Merit: 10
WARNING!

Please be alert – intruders copied Orocrypt Inc. website and recreated it on a new hosting trying to fraud our investors.

Orocrypt Inc. only allow it's investors to access their OROC tokens through the secure process of registration and confirmation of their identity. The process involves registration through a valid email and disclosing their identity in order to comply with all the company's and Panamanian regulations.

The fraudulent website's proposes is to trick visitors to send money to their provided ethereum address without any registration. Please DO NOT process any payment on orocrypts dot com.
WE WILL NOT BE ABLE TO PROTECT/REFUND YOU IF YOU MAKE A PAYMENT ON THIS FRAUDULENT WEBSITE.

Our company is currently working taking legal actions against this fraud.

THE OFFICIAL ADDRESS OF OROCRYPT INC. WEBSITE IS:
http://orocrypt.com

Please let us know if you notice any suspicious activities regarding our project.

Thank you,
Orocrypt Inc. Team
member
Activity: 85
Merit: 10

SCAM ALERT: Do NOT do any payments on this website: www . orocrypts . com
The official website of Orocrypt is https://www.orocrypt.com. (With no "S")

Our company is going to take legal actions against this fraud.
sr. member
Activity: 364
Merit: 250
Spectiv VR Crowdsale: 12/08/17
legendary
Activity: 1138
Merit: 1001
You may still struggle to raise funds though.

Most ICO's just require sending ETH/other to an ICO address. Yours is one of the few I've seen that requires full name etc. as part of the ICO terms & conditions.
legendary
Activity: 1138
Merit: 1001
Has this raised much money yet?

Provided the ownership records listed with the vaults are downloadable & the vault audits themselves are fairly frequent then the blockchain record/ERC20 aspect is fairly superfluous/redundant. (Because I don't think you can trade the gold tokens on crypto exchanges only back to Orocrypt or on their exchange to people who have done their KYC.) So I don't see a big market with the current model but good luck though!

Though probably not legally feasible, if you were also able to offer an allocated gold model where gold backed tokens can be bought & sold by anyone but can only be redeemed for physical gold if full KYC is done, then you might have a larger potential market.



Hi.  Yes!  You will be able to trade both the equity tokens being sold in the ICO now and the gold tokens we will start selling in September.  We are indeed structuring the gold token where they can be bought & sold by anyone but can only be redeemed for physical gold or sold back to us if full KYC is done.  The gold backing the tokens will not be the property of Orocrypt but of each token itself.  They will not appear in the company's books and will be kept under a legal custodial agreement, where Orocrypt is the custodian of the gold.  Our lawyers are working on the custodial agreement itself that will be ready and published in our website prior to us starting selling them. 

 

That sounds very good, thanks for the reply.
member
Activity: 85
Merit: 10
Has this raised much money yet?

Provided the ownership records listed with the vaults are downloadable & the vault audits themselves are fairly frequent then the blockchain record/ERC20 aspect is fairly superfluous/redundant. (Because I don't think you can trade the gold tokens on crypto exchanges only back to Orocrypt or on their exchange to people who have done their KYC.) So I don't see a big market with the current model but good luck though!

Though probably not legally feasible, if you were also able to offer an allocated gold model where gold backed tokens can be bought & sold by anyone but can only be redeemed for physical gold if full KYC is done, then you might have a larger potential market.



Hi.  Yes!  You will be able to trade both the equity tokens being sold in the ICO now and the gold tokens we will start selling in September.  We are indeed structuring the gold token where they can be bought & sold by anyone but can only be redeemed for physical gold or sold back to us if full KYC is done.  The gold backing the tokens will not be the property of Orocrypt but of each token itself.  They will not appear in the company's books and will be kept under a legal custodial agreement, where Orocrypt is the custodian of the gold.  Our lawyers are working on the custodial agreement itself that will be ready and published in our website prior to us starting selling them. 

 
member
Activity: 85
Merit: 10
HI,can I send funds directly from exchange to orocrypt address?I think there wont be any condition to send funds from there as OROC will be alloted in orocrypt wallet

Hi.  You need to register first to get tokens.
member
Activity: 85
Merit: 10
How is Orocrypt different from OneGram?Both are backed by gold.
Will you buy gold for each Orocrypt token issued?

Yes for the gold token.  Please remember that the OROC tokens offered in the ICO represent direct ownership in the company Orocrypt Inc.  When we start operations in September, we will issue gold backed tokens.  There are differences between us and OneGram.  We cannot speak for them, but
1.  Our gold tokens will be stored in several vaults around the world and as we understand, OneGram will have all the gold stored in Dubai.
2. When you buy our newly issue tokens, we simultaneously buy 30 grams of fine gold to back it.  So each token will represent 30 grams of gold in the vaults that Orocrypt has contracted storage.  We will charge 1% commission for each new token issued, and 0.0004% each time they are sold afterwards in exchanges or P2P .  We will not charge commissions when the gold token owner redeems it for physical gold, or sells it back to us.
member
Activity: 85
Merit: 10
After the ICO and the launch, where can the OROCRYPT shares be traded, as it will be special in the crypto world by being non-divisible? Will you have your own marketplace of shares?
We will approach major exchanges to list our equity tokens, apart from those that operate within the US.  About having our own marketplace, we will definitely have bid and offer prices for the gold tokens we will issue in September.  We have discussed the possibility of some time early 2018, to offer conversion of the OROC equity tokens into gold.
legendary
Activity: 1092
Merit: 1000
GATCOIN : The New Currency Of Digital Marketing
Just wait guys, we all have different timezones, so wait for further announcements, this time I can see there is 43.827079 BTC /
94183.96 EUR invested so far. very good so far just by the starting days of the ICO.
Different time zones are only few hours apart not days apart lol.Check when they last updated here
sr. member
Activity: 546
Merit: 251
It's real production, real plant and existing demand. The main advantage of this ICO.
newbie
Activity: 55
Merit: 0
If and gold hook, it is a bit like a liar
full member
Activity: 126
Merit: 100
What date the icon will end?
legendary
Activity: 1138
Merit: 1001
Has this raised much money yet?

Provided the ownership records listed with the vaults are downloadable & the vault audits themselves are fairly frequent then the blockchain record/ERC20 aspect is fairly superfluous/redundant. (Because I don't think you can trade the gold tokens on crypto exchanges only back to Orocrypt or on their exchange to people who have done their KYC.) So I don't see a big market with the current model but good luck though!

Though probably not legally feasible, if you were also able to offer an allocated gold model where gold backed tokens can be bought & sold by anyone but can only be redeemed for physical gold if full KYC is done, then you might have a larger potential market.

legendary
Activity: 1092
Merit: 1000
GATCOIN : The New Currency Of Digital Marketing
Seems op is not interested to reply here.He was online today but didnt care to reply to question posted here
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