what is the first pool that you have for this coin also is there any other information you can share about the coin? like what is the MAIN goal? Thanks in advance
The main goal is to introduce a coin that will have a commodity value linked to it, in our case we chose GOLD, the aim is to have our coin accepted as a payment mode for online merchants, hospitals, dentist, buying a car or house ...... and more
The main issue today is that there are many currencies around, some are for a day others for a week and other long term crypto currencies so we need to get to know which currency we can trust.
We are a small team that are willing to invest time into a coin that can be used everywhere and on top of it with a bonus linked to it; the gold standard, at this stage we managed to gather 300grams of Gold thanks to the sales of premined coins that we sold to partners and investors, our premined coins are not meant to be thrown into an exchange and make a quick buck.
Our Pool mining will provide us with a 2% return that will be re invested into purchasing gold, thus making our coin stronger every day. We will have a specific page providing the proof of gold ownership proving the ratio amount existing coin in the market VS Gold owned and stored by our partners here in Singapore e.g: 300gr of gold Market value 12,330.93 USD or 4.90489219 BTC / 500,000 coins = USD 0.025 per coin.
Gold certificates, auditing document will be available to the public.
We own 5,000,000 coins that are up for sell for investors, this investment will provide us with the funds necessary to invest in buying new gold, we will also get interest from the storage company as we have the option to lend gold in return of interest payments all this 200% secured:
The storage company owns a P2P loan platform, we can lend available funds to a fellow storage customer who pledges gold, silver and/or platinum as collateral (valued at spot price) to secure the loan.
As a storage customer with funds in your P2P account, we can:
Lend funds and have them secured by 200%* worth of collateral.
*Only the 1-month loans can be funded with a lower ratio of 160% (or about a 62.5% loan to value ratio).
Set our own interest rate, currency and loan duration
Rely on timely payments, through the sweeper fund system
Enjoy simple online procedures and transparent processes
Pay only a low fee of 0.5% of the lent principal
Should the loan principal not be repaid on time, or should the value of the collateral securing our loan fall to 110% of principal, Silver Bullion will liquidate (sell) the collateral to ensure you receive principal and interest. Should a scheduled loan payment be late, the Sweeper fund will act as a buffer, given funds availability, to ensure timely payments.
The interest earned will again be re invested.
I hope this helps you understand what we want to do.
