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GIDCoin

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GIDCoin – WORLD-FIRST CRYPTOCURRENCY COVERED BY POLISHED DIAMONDS AND GOLD BULLIONS

What do you know about gold or diamonds? I think the first that is coming into mind – these are natural resources, which are limited, mined and owned only by big companies. Yes, that’s true. Countries, which found natural resources (not only gold or diamonds, but oil, coal, ore and etc.) on their territory automatically becoming miners and exporters which have influence on the GDP of the country. Hopefully it’s also affects on the way of life of citizens of the country.

We want to make international currency covered by two most valuable precious goods in the world, powered and secured by Blockchain. All the processed will be clear for investor.

You’ll ask “Why both?” – the answer is “Never put all the eggs into one basket”. Cause none of stock brokers buy the stocks only of the one company. Diversification of the capital is the most important thing. Please read this Whitepaper carefully and you’ll find all answers which you have right now.

We are professionals with 8 years of experience in diamond business and 5 years in golden business. Have broad connections in Africa, Russia and Canada. Working very close with miners of gold and rough diamonds (governmental and private) have connections with Belgian and Israel cutters of diamonds and also have connections with gold refineries in Austria, UAE and Andorra.

Invest into Coin which:

– covered by real assets, which are secured and insured in vaults of the well-known banks;
– value is free from rumours and decisions of the countries;
– value is always growing or stable during financial depressions.

GID Coin has to become an international currency covered by two most valuable precious goods in the world, powered and secured by Blockchain.

GID Coin will be related with the real business concerned with mining and procession of diamonds and gold.

Team of GID Coin are professionals with 8 years of experience in diamond business and 5 years in golden business. Have broad connections in Africa, Russia and Canada. Working very close with miners of gold and rough diamonds (governmental and private) have connections with Belgian and Israel cutters of diamonds and also have connections with gold refineries in Austria, UAE and Andorra.

GID Coin is supported by well-known persons, which are Advisors of the ICO.

GID Coin value is covered by polished diamonds and gold bullions. Two most expensive natural resources in the world. In case that gold in equation weight=price loosing to polished diamonds, so the proportion of diamonds/gold looks like 2/1. It means that 2/3 of investments always will be spent on polished diamonds and 1/3 on gold kilobars. Hereinafter we can give you short description of the pricing and evaluation of them.

There are two ways of work for the company:

·         to buy final product (polished diamonds and bullions) from the producers and miners;
·         to arrange whole process from the very beginning, use less money and to take bigger profits.

Proportion will be as follows – 30% of budget goes for the purchase of the final product and the rest 70% will be used for the full cycle of production.

On second stage we invest into mining site in Africa (Angola – primary, secondary –  Botswana or Namibia) as private entity and begin to produce rough diamonds and gold ourselves. For our luck rough diamonds and gold are based at the same territory, so there is no need for separate mining sites. Everything goes from the one land

PGID = 0,5*(Vd*PmR+Vg*PmLBMA)/VGIDT  ,

where:

PGID – Smart Token (GID) price
Vd – Volume of Secured diamonds, owned by company
PmR – Monthly Price of diamonds (according to Rapaport)
Vg – Volume of Secured gold, owned by company
PmLBMA – Monthly Price of diamonds (according to London bullion market (LBMA))
VGIPT – Smart Token Total Volume (GIDs total Volume)

At ICO launch the GID price will be average $20 which can vary during the crowd-sale due to the revisions in the exchange rate:

· ICO investors are given GIDE (GID pre-launch) tokens that can be converted to GID after company has secure enough polished diamonds and gold bullions;

· GIDE tokens will be moved to new blockchain platform and converted into GID in a 1:1 proportion;

Advantages of using DGP rather than Ethereum are as follows:

· Safer — DGP blockchain uses its own coins rather than Turingcomplete smart contracts.

· Fungible — DGP uses Point-of-Stake (PoS), and since it relegates its platform to GID transactions alone (rather than to additional ICOs) processes your transactions faster.

· Cheaper — There is no commissions for small transactions (not more than $1000).

Team

Oleg Tkachev

Founder & CEO

GIDCoin Advisors

Alex Konviser

Roderich Hess

Evan Kirstel

Slava Sokoltsov

Marsel Ibrahimov

Valeri Arenas

Alex Yudovich

Carlos Creus Moreira

Blockchain Advisor

Nick Ayton

General ICO Advisor

Milestones