Goldma ICO details
Start Date: 2018-7-12
End date: 2018-10-12
- Category: Investment, Manufacturing
- Token: GMA
- Platform: Waves
- Type: Waves
- Initial price: 1 GMA = 0.13 USD
- Accepting: BCH BTC ETH LTC
- Soft cap: 12,500 ET
- Hard cap: 175,000 ETH
Social
- Site: Goldma site
- Twitter: https://twitter.com/GoldMA_Coin
- Facebook: https://www.facebook.com/GoldMAZimbabwe/
- Reddit: https://www.reddit.com/user/GoldMA_ZW/
- Bitcointalk: https://bitcointalk.org/index.php?topic=3314372.0
- Medium: https://medium.com/@goldma
- Telegram: https://t.me/joinchat/He_y1hHwCYJ0Rr01xXJZEQ
Goldma – Gold Mining Asset (GMA). Digitizing Gold Assets: Crypto-Based Gold Royalty Token
Blockchain technology and cryptocurrency are revolutionizing the financial world. The technology has become applicable to industries including oil, gas, medicine, law, real estate and now gold mining.
Goldchip Investments, a gold mining and mineral processing corporation, introduces GMA (Goldchip Mining Asset) a new cryptocurrency backed by the profits of our operational gold mine and based on the Waves blockchain platform. GMA provides investors all over the globe the opportunity to invest in the gold mining sector.
For centuries, investors have used gold as a store of value and a hedge against inflation and market volatility. Today, leading economies such as China and India have begun an aggressive program of active acquisition of gold. In addition, gold as a precious metal, has a very wide range of applications. Among other applications, gold is used in the production of smartphones, microprocessors, and manufacturing of memory chips in computers. Gold has become more favored for medical care and aerospace technology industry applications. Its resistance to being alloyed with other metals and near indestructible nature; makes it the perfect precious metal.
By acquiring GMA tokens, the holder is entitled to 5% net profit royalties per quarter from our Gold mining production in Zimbabwe, which is represented by GMA tokens. Our very limited exploration activities have yielded over $275,000 of gold sales. Our technical reports, conducted by Minxcon estimate a gold reserve of approximately $6.2 billion dollars (USD).
We are currently completing the building of a 400 ton per day commercial plant for gold processing and recovery. We have over 10,000 tons of stockpiled ore ready for processing.
In addition, the claims have more than 150,000 tons of ore classified as reserves. Leveraging blockchain technology and the Waves blockchain platform, Goldchip investments gives every investor, big and small the chance to reap the rewards of investing in gold mining.
The Zimbabwe mining legacy dates back to medieval Great Zimbabwe.
The Munhumutapa Empire had command over and exploited not less than 4000 gold and 500 copper mines spread across the country. The milling and purification of gold and copper were carried out close to the extraction sites. The gold processing and purification standards achieved then were extremely high. As part of a value addition process, gold was made into articles of jewelry and used to decorate articles such as knife handles, ceremonial axe handles and other articles of religion. Archaeological evidence for such domestic use of gold is abundant at Great Zimbabwe and related sites.
It is estimated that a third (about 700 tonnes) of all historical gold production was mined locally from the seventh century until the introduction of mechanized mining methods with the arrival of Europeans about a century ago. There are over 4000 recorded gold deposits, nearly all of them located on ancient workings.
Goldchip has found a great deal of evidence of ancient workings from the Portuguese and other historic workings on our claims. Certain areas in our claims have so many old shafts it is simply dangerous to walk around, with numerous abandoned shafts well over 40 meters deep. The historical evidence points to successful future gold mining on our claims.
The majority of Zimbabwe’s known gold mineralization occurs in host rocks of the Zimbabwe Craton, which is made up of Archaeanaged basement lithologies.
The Archaean basement of the Zimbabwe Craton consists of supracrustal greenstone belts surrounded by granitoid rocks of various ages. Most of the gold deposits in Zimbabwe are associated with high strain zones cutting through the greenstone belts and, in rare instances, the older gneissic granites.
Since independence in the year 1980, Zimbabwe has produced more than 400 tons of gold from various shear quartz vein-based small mines sited on lines of ancient workings, Zimbabwe is commonly considered to be a country of rich gold deposits. However, to fully understand the mineralization and nature of ore bodies in Zimbabwe, the history of exploration and mining, as well as current understanding of the nature of gold deposits and controls on mineralization and future trends of exploration should be considered.
Well over 6,000 small gold deposits have already been exploited in Zimbabwe, and there are huge opportunities to investigate many of them for possible large scale mining.
The Problem
Despite the fact that gold has immense value and great importance to the development of a country’s economy, the process and procedure for undertaking gold mining ventures are completely and utterly arduous, especially with regards to licensing and getting financing to launch production.
The licensing requirements and anachronistic financing system for mining projects, presently employed by banks favors big enterprises. Potential developers who may have great mining prospects and enthusiastic investors will be passed over for big companies almost without exception. In addition, the laws around investing in a foreign country, securing a gold mine and protecting the environment are onerous and complex.
Interested investors all over the globe have to contend with a difficult and complex process which makes investing in gold mining very exclusive. The existing ecosystem is most unfavorable for the new investor trying to enter the industry. “Sitting on a gold mine” has long been a universal, yet seemingly impossible dream, until now.
Goldchip Investments is in a strong position in Zimbabwe. President Emmerson Mnangagwa was very clear when he spoke at Davos that “Zimbabwe is open for business”. Previously, Zimbabwe was notoriously difficult to do business ranking 159 out of 190 countries on ease of doingbusiness, despite this difficulty the Goldchip team managed to acquire 16 claims, get environmental licensing, get mining licenses, get gold buying licenses and put together a team to find and sell gold to the government in 3 years. Industry standard for this achievement is 7 years.
The Solution
By leveraging the blockchain technology, we are unleashing the full potential of gold mining for investors all over the world, and opening up the industry to smaller investors.
More so, GMA will introduce a greater level of transparency, eliminate monotonous and time-consuming procedure, reduce the level of required paperwork, and completely eliminate discrimination against small investors. GMA is based on the Waves blockchain platform and will utilise Waves features and strengths to create a platform comprised of developers and investors who will take the gold mining industry to the next level.
Goldchip offers the GMA token. Unlike traditionally investing in gold on the stock market where the market forces of supply and demand are the sole determining factors of the value of your shares as they compare to other commodities. The GMA token value will mirror the generated net profit of the mining company over time as an option available to anyone globally to invest into the exploitation of the gold deposits by completely cutting out the cost of the middlemen, formal barriers, technical obstacles, and personal disclosure. In other words, GMA will exploit the merit of the smart contract, blockchain technology and cryptocurrency, to automatically distribute profits to all users directly.
The volatility of crypto currency will be tempered by its linking to the gold market value, but the GMA token value has so much greater potential to increase in value as our mining operations come into force due to the investment through the GMA token being directly invested into greater production value in Goldchip Investments mining and processing operations. Mining is a volume business, the more we can scale the more profit there will be.
Team
Henry Jenkins
Daniel Potgieter
George Rusike
Linda Mnkandla
Divyang Chauhan
Nyarai Femai
Albert Potgieter
Rutendo Femai Jenkins
Edmore Chikoore
Goldma Advisors
Uwe Engelmann
Daan van Heerden
Tawanda A. Chiurayi
Ian Scarffe
Giovanni Lesna Maranetto
David Drake
