Topic: [ANN][ICO] Puregold - First Payment Gateway using GoldBacked cryptocurrency - page 68. (Read 11463 times)

What components will your platform be supported with?

Hello, you mention average cross border transaction fee is 7.45%. What is your estimated fee?

Hello! Yes, but there is bonus 20% for buying on this stage.  During the ICO it will be 0.1 ETH. The 3 ETH amount is the minimum amount of investment during pre-ICO.

Hello, guys. Why minimum purchase is 3ETH? This is so much. ETH current rate is more than 1000$. You scare away many potential investors.

Hi,
Our aim is to promote international and global acceptance of PG-Pay as a fast transacting and efficient payment method for digital gold transactions. Today a transaction between persons residing in different countries can still take several days and also cost the parties a significant share of the money ransferred (the average cross border transaction fee is 7.45%) as each party of the transfer chain, of which there are many, requires a small margin for their efforts. This can now be done in seconds using Gold backed cryptocurrencies via the blockchain for practically zero cost and more securely than ever before.
Puregold is building Gold Commerce Platform for a digital Gold payments era. People will be able to store, spend and exchange Gold in the same way as they could any other currency, but in a quicker, cheaper and more secured environment than what is available now in traditional bank or fiat currency. The Gold Commerce Platform will be the decentralized core that interlocks the restricted financial world we live in today with a futuristic Gold economy with limitless and borderless opportunities.
Puregold will take full advantage of this global contactless phenomenon, but instead of using traditional payment cards with fiat currencies, we will use personal smart phones as the medium for digital gold payments. We can skip generations of dedicated development by some of the biggest companies in the world, and adapt that technology to the Gold currency era within months, not decades.

Hi,
We are confident that we will be able to get the amount. In other case, we will continue to launch our PG PAY platform and list on the exchange. The project will go on at a managed pace.

Hello! Very good idea of backing to gold, but on technical side , what are transaction fees and speed in your project?

Hello! What services your platform will be capable of?

Hi,
For now we are not planning to make any referral systems. Stay in touch with us and you will be apprised.

Will you have any referral systems in place? I think that can help attract people to your project.

Hi,
Thank you for the feedback! For now we do not have any bounty programs.

Hi,
PGG is fixed to the current price of gold set on the London Bullion Market Association (LBMA). Value depends on amount of gold in storage / circulation.

Hi,
Yes, we do. Citizens of the U.S.A. are not allowed to swap for PGT tokens during ICO.

Hi,

PGT can be used to pay or offset transaction fees whenever the token holders perform any transactions on the Gold Commerce platform. These transactions could be buying of gold with fiat, selling of gold or making payments to merchants. It is intended that holders of PGT will benefit by being charged just 50% of the prevailing fees when PGT is used.
From time to time, and at the discretion of the Puregold, PGT can be converted to PGG at a rate announced by Puregold at that point in time. It is expected that the retained earnings from Gold Commerce will increase the stockpile of gold held in storage which would increase the supply of PGG accordingly.
From time to time, and on the discretion of the Puregold, PGT holders can also be rewarded with PGG by Puregold, in proportion to the amount of PGT they hold.
PGT can be used as payment for goods and services. Its low volatility as an asset and its predictability make it an invaluable form of currency. During the ICO, Puregold will also announce various partnerships with strategic alliances who are already onboard the PG Gold Commerce and Payment Gateway Platform. These alliances are merchants with products and services who will accept PGT as one of the modes of payment. This will create a strong demand for PGT by more consumers and further expand the PGT ICO subscriber base.

Hello! Do you have any restrictions with what citizens from which country can't participate?

Hi,
PGG is a crypto asset issued by Puregold that uses the current price of gold set on the LBMA exchange at the time of swap. PGT is a utility token issued by Puregold to be used to pay or offset transaction fees on the Gold-Commerce platform. PGT can be converted to PGG at a rate announced by Puregold at that point in time. PGT holders can also be rewarded with PGG by Puregold, in proportion to the amount of PGT they hold.

Hello! And coins at exchanges as i see will not be backed by gold? only PGG is backed by gold, but it will not hit exchanges?

project parts supporting each other. the team is successful and diligent. I think they'il be successful. social media is very important in advertising. 

Hi,
Puregold.sg was established in 2010 as an e-commerce store selling value-added gold and silver coins and bars. Now we have Pre-ICO which ends on the 6th of January and ICO itself starts on the 15th of January and ends on the 14th of March.

Sorry, I`m confused, you say PGG is for operations with gold (backed by gold). Does PGG runs on blockchain? What`s the relation between PGG and PGT coin?