Topic: [ANN][ICO] Puregold - First Payment Gateway using GoldBacked cryptocurrency - page 7. (Read 11461 times)

Thanks for your comment and belief in our project!

I support this project.Looking forward to investing.

Thanks for support!
The team is working very hard in order to achieve the main goal.
majority of the team behind this ICO are extremely well travelled Singapreans with an Asian and Global mindsets. From the East to the West, our team members bring to the table a diverse range of top-expertise, knowledge and experiences from Finance, Asset Management, Technological, Marketing and Communication. We've built an amazing team at Purgold.io that will make our vision come true.

Very good approach and has been well written on WP, and also the price is interesting for investing.But I want to know if devs/team are actively working on it or not?

Hello,
Let us check the benefits our tokens  offered.
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.

What benefit can I have if I decide to invest?

Hi,
Thank you for question.In the near future will be developed version for Windows Phone.

 Your app is available for Android and IOS. Do you plan in the future to tailor the program to other operating systems, such as Windows Phone?

Hi,
Yes, we will. PG Stored Value Cards – to be issued to consumers with PG account The PG card is the physical multi-currency (fiat and cryptocurrencies) wallet which can be loaded with cryptocurrencies via the PG Payment Terminals or PG Gold Dispenser Teller Machines (DTM), which are connected to the Puregold platform. The PG card also facilitates payments via cryptocurrencies held in the card through NFC and contactless technology. This will come in very handy in the event of theft of the mobile phone or loss of battery or no service coverage.

So, you will have your own PG cards? What are the benefits?

We have gold ATM launched in Singapore.So, people could withdraw gold and use it when they need.
You can see gold ATM in our corporate video from the official website https://puregold.io/en

I cannot believe that your ATM will dispense real gold. Why would you do that???

Hi,
In order to prevent fraud activities we require to complete registration through a Know-Your-Customer process.
This is the process of a business identifying and verifying the identity of its clients. People who want to trade PGG for fiat or cryptocurrency need to undergo Puregold’s full KYC procedure.

what is KYC process and what is it for?

Hello,
Our benefites are next:
- Unique concept. We are the First payment gateway using gold-backed cryptocurrency.
- Existing business. Puregold.sg was established in 2010 as an e-commerce store selling value-added gold and silver coins and bars. Puregold.sg has won the Asia Pacific Top Excellence Brand year 2012. This prestigious award is presented by an influential regional business magazine, the Global Business Magazine. Puregold.sg, which is headquartered in Singapore, has offices and retail outlets in Vietnam, Malaysia and Indonesia. It has also launched a Gold ATM machine in Singapore.
- Puregold issues 2 tokens, called PGT for transactions; and PGG which is a cryptoasset backed by physical gold.
- With its extensive credentials and expertise in the gold business, the proceeds from the ICO will enable Puregold.sg to expedite its roadmap to achieve the vision of worldwide adoption of gold as the de facto international currency in all commerce transactions.
- The physical gold is stored in a decentralized storage unit, The Safe House Pte Ltd, which is a third party, separately audited security firm that Puregold engages to identify and store investment grade gold, gold jewellery, small ingots (up to 100 grams) and coins.
- Hence, it has attracted likeminded business associates and experienced professionals with strong reputation to form the Puregold team to launch this ICO of PG tokens.
- Puregold is already registered (in Seychelles).

What benefit do we get from buying your token?

Hello,
Puregold is using Ethereum platform as it is currently the most widely accepted platform which offers all the benefits of a blockchain (full traceability, nonrepudiability etc.) and multiple source language implementations that encourage integration. Ethereum will handle only the parts needing consensus, transparency and accountability.

Can you describe platform?

Hello,
Our cryptocurrency is gold backed. For instance our PGG works through a digitized ledger on the blockchain whose cryptocurrency value is based on physical gold. For now we have also a gold dispensing machine in Singapore and we are also planning to launch them beyond Singapore.

How is the gold been using in your project?