Golden Currency: First global private currency, both paper and electronic
Legal and independent private analogue of the Central Banks to ensure reliable and convenient currency
Country Manager China
Country Manager France
Country Manager Philippines
Country Manager Australia
Country Manager India
Country Manager Indonesia
Country Manager Arab Countries
Country Manager Vietnam
Country Manager Turkey
Country Manager Portugal
- Establishment of Golden Bank network (including M&A) (30%)
- Initial Golden currency issuance, gold purchase (42%)
- Technological development (including Golden Exchange), operational expences (10%)
- Marketing (5%)
- Advisors and staff reward (3%)
- Founders reward (10%)
Cost of the token1 token for 1 $
Price without discounts
Rate the project
Estimate the project on a five-point scale or switch to the simple scale
Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users4
The token distribution on the side of the investors is good as they have nothing to worry about the authenticity of the project, the team shall be in position to come up with the necessary funds required from at the pre ICO and ICO. Using gold to back the currency makes it less prone to inflation.
Risks and disadvantages
The project will receive more buyers at the Pre ICO and this is so because of more bonuses given out during that period this might the funding scheme because the hard cap on the side of the ICO might not be accomplished.
Use of blockchain is bound to be the future of transaction this project will have influence on the acceptance and use since it operates just like a currency.
Website is translated into many foreign languages. It means that the project pays attention to investors from different countries. There are different versions of Whitepaper: usual one and One Pager, where the main features are outlined. Thus, they are also translated into other languages. The team offers discounts for investors, depending the time they bought tokens. There is also a chance to take part in crowdsale with different assets, like Bitcoin, fiat and other ways of payment.
Risks and disadvantages
There are not so many drawbacks. The only one is the lack of the working product.
The current is not the first one that offers crypto backed by gold. In addition, the naming of ''private'' cryptocurrency is not clear enough, what that means for investors. Lots of media resources write about the following ICO, which is a good sign. It has also high marks among ICO rating services.
The presence of a press team with several press entities shall accommodate the need for official communication with the public hence building a significant image for the ICO project. It's also completely decentralized from governments which will make it have effective progress with limited setbacks.
Risks and disadvantages
Apart from the competition from the ICOs in need for crowd funding golden currency is likely to face an out flow of investors due to delays in implementation of key activities in the road map and this makes it unprofitable as well.
The standard of golden currency is appealing and for investors it's eligible for them to take the risk because it will be highly beneficial in the long run. In addition it has extended it's branches to a number of cross border markets which gives it a wide market base.
Solid project with a clear target market and business strategies. Highly professional team, under the head of founders, experienced in execution of large and complicated projects. There is an advisory board led by Paul Glover, a leading advisor, the founder of the largest local currency system in the United States. The white paper contains considerable research and explanation of the market opportunity. There is also a One Pager to get investors a better quick overview. Press Coverage.
Risks and disadvantages
Only 5% of Fund Allocation will be distributed to Marketing. Social Networks could be more active. Only leading Advisor is presented by the project.
Golden Currency is planned to be a stable, reliable and transparent currency, non-national and non-politicized payment and investment tool. Since the project is big and the target audience is huge, the Team has to increase its brand's recognition.
What is Golden Currency?
Golden Currency is the first fully functional private currency for cash and non-cash payments (100% backed by gold), as well as a convenient modern infrastructure for its use based on blockchain. In other words, a legal, independent, modern analogue of existing Central Banks and their infrastructure is being created.
What is the difference between Golden and ordinary fiat money (traditional currency)?
Golden - will be the only currency in the world, 100% backed by gold. In addition, it will be non-national, it will not depend on political or economic situation of any particular state, but will have a number of other advantages. Due to its reliability and all other advantages, Golden can become one of the leading world currencies.
What is the difference between Golden and crypto currency?
Golden uses the advantages and technologies of crypto-currencies. Also, Golden infrastructure will provide a convenient link between crypto-currency and Golden. But at the same time, it is not a crypto currency and will have the same regulation as any fiat money.
Can the Golden owner exchange it for gold?
Yes, sure. The ability to exchange Golden for gold, in our opinion, is one of the most important elements of ensuring the reliability of the currency. Therefore, special attention is paid to maximizing the reliability of gold storage and the possibility of getting gold bullions in exchange for Golden. Detailed terms for such an exchange will be presented in the emission memorandum of the currency, there may be restrictions on the minimum volume of gold to exchange, as well as the commission for exchange.
How can I check the availability of gold in vaults?
An important element of reliability is ensuring the most reliable and transparent storage of gold reserves. The following will be used to achieve it: a) diversification of gold storage, b) establishing an independent legal structure that ensures the storage, audit and management of the gold reserve, c) use of blockchain for gold control and management, d) attracting the world's largest auditors for systematic inventory audit, e) attracting the wide community to additionally control the gold reserves (for example, it is examined an opportunity of using the DAO, decentralized autonomous organization, and attracting investors and owners of Golden to an additional independent participation in such a control).
Who will use Golden?
Individuals - will use Golden as money, as a means of payment and savings, with a passive income from the growth of the exchange value of gold. Investors - will use Golden as a hedging tool used to diversify the portfolio. Cryptotraders - will use Golden to fix their rates of crypto-assets, when the market is volatile, and to enter back the market later, with minimal commissions. E-commerce, legal entities and private individuals - will use Golden as a means of payment for goods and services, especially convenient for cross-border transactions. Contracts can be fixed in Golden, as an understandable, stable and reliable currency. To governments of emerging countries, unrecognized states - as a transitional, stable currency.
Where is it planned to use blockchain?
Blockchain is a key element of project decentralization, reliability and transparency. It will be used in many elements of the system, including: the cryptofiat currency exchange, the transactions of the Golden bank,the supervisory board representation of the token owners, control of the management and storage of gold reserves, etc.
What will be established as the result of the project?
In addition to the Golden currency issuance, the Golden Bank will be established with the infrastructure for receiving and transferring money (ATMs, POS terminals, bank cards, etc.), a platform for storing, managing and controlling the gold reserve, a pltform for exchanging currencies (cryptofiat currency exchange)
How does Golden Currency plan to monetize?
The main revenues of the project will come from issuance commission - seigniorage (as a percentage of each issued Golden), profit from infrastructure activities (banking, currency exchange, etc.)
What is the crowdfunding for?
The goal of the crowdfunding campaign is to finance the issuance of the world's first private currency Golden, to create the necessary infrastructure for its development on the market.
Who are the founders of the project?
The project is initiated and developed by the experienced team in implementation and management of large projects. The founders are: Chekun Igor. Background. Head of the private equity fund with a portfolio of 1.1 billion USD and 16 years of experience in investment companies and projects, including the projects with participation of Microsoft, Adobe, etc. Voronov Lev. Background. Head of financial and industrial groups, 26 years of experience in managing large enterprises and infrastructure projects. In the past, the founder of a metal mining and automotive industry group.
How can I exchange or sell tokens?
After the end of the crowdfundingg campaign within 3 months it is planned to add tokens to the popular currency exchanges, where they can be sold at a market rate.
Is it legal to issue a private currency?
The founders of the project have chosen the way to establish a completely legal system, with legal and transparent currency. The issuance of private currencies was previously popular in many countries, for example, in the US. There are also current examples of private currencies. The currency will be issued in a jurisdiction that allows the legal issuance of such money.