Volatility of cryptocurrency
The technology behind cryptocurrencies has already proven itself to be far superior to regular fiat currency. Many experts believe that the use of fiat currency will be completely gone in 5 years time. There is, however, a significant downside to cryptocurrencies at the moment, even though the transactions are far safer, more transparent and in some cases faster. It’s no secret that cryptocurrencies are very volatile, just this year some of the coins have fallen more than 70% before recovering some of it back. For this reason, many people won’t use them, simply because their funds could be worth so much less the next day. Puregold has identified this issue and is looking to fix it. They are introducing a new cryptocurrency, backed by real gold.
Source: video at https://puregold.io/en
Gold retains value
Gold has been used as a form of currency for thousands of years, it is the only medium of exchange that has retained its value through history. Many government-issued currencies have collapsed after many years. But humans don’t live forever, so many don’t live to see a currency collapse, as it doesn’t happen very often. Nevertheless, history dictates that gold is a worldwide, timeless store of value. Therefore, a cryptocurrency backed by this precious metal is an amazing idea. It brings together the sustainability of value from gold, but introduces the secure, transparency and speed the technology cryptocurrencies bring.
Source: video at https://puregold.io/en
PGPay
Not only is Puregold creating a gold backed cryptocurrency, they are also creating a gold based payment gateway. Puregold already has established business surrounding gold, they have real gold ATMs around the world, storefronts, and gold minting factories. The price of their PGG gold backed token is going to be equal to 1 gram of pure gold. Their other token, the PGT, will be used for funding transactions when using the Puregold payment gateway. Puregold has secure storage units for keeping the gold safe and will always ensure that there is enough gold to back all the PGG issued on the blockchain. Whenever a PGG token is cashed out in exchange for gold, that token will be burned.
Source: https://puregold.io/doc/Puregold%20ICO%20White%20Paper%20v1.2.pdf
Token Sale
To fund their project, Puregold is raising funds through an initial coin offering (ICO), selling their ERC20 token PGT. This token is as earlier mentioned going to be a center point of their main product, the Gilgamesh platform.
When
The sale started the 15th of January
The sale ends the 14th of March
Price
700 PGT = 1 ETH (Bonuses are available for different stages, see picture below)
The minimum contribution amount for main sale is 0.1 ETH
Source: https://puregold.io/en
Supply
- The total amount issued is 50.000.000 PGT tokens
- Hard cap is 20.000.000 US dollars
- Soft cap is 5.000.000 US dollars
Roadmap
Source: https://puregold.io/doc/Puregold%20ICO%20White%20Paper%20v1.2.pdf
Team
The team behind Puregold has a lot of experience in the gold and precious metals industry, finance management, engineering, marketing and much more. These are just some of the members of the Puregold team.
Source: https://puregold.io/en
To view their entire team, their advisors and learn more about each member, please visit their official website: https://puregold.io/en
Learn more
If you find this project interesting and want to learn more about it, their token sale or see their video, you can visit the following links below. To keep yourself updated on the project, you can follow their social media accounts also linked below.
Website: https://puregold.io/en
Whitepaper: https://puregold.io/doc/Puregold%20ICO%20White%20Paper%20v1.2.pdf
Telegram: https://t.me/joinchat/FybFZ03vpMcXWsdI_I95NA
Twitter: https://twitter.com/Puregold_SG
My bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1855321;sa=summary
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