Goldma: Africa’s first crypto-based gold royalty token
Combining the best attributes of gold and cryptocurrency
CEO and Co-founder
Henry Jenkins is the CEO of Goldchip Investments Pvt. Ltd, the parent company of GoldChip Mining Asset. A U.S. Army veteran, book author, Systems Engineer and Crypto consultant with business experiences from around the world. Henry is motivated to donate, work, and develop business relations in emerging economies across the African continent. A leading expert in Digital Rights Management, Bitcoin, Blockchain and Crypto industries, Henry is at the cutting edge of merging the Cryptocurrency industry with the mining sector across the globe. Henry's overall mission is to foster charitable activities worldwide through technology, hard work along with economically independent individuals and corporations who recognize the importance of engaging and improving their local communities across the world. Henry now focuses on the Blockchain industry and Gold mining sector, merging the two industries to develop a decentralized investment platform for the Gold Mining Industry. Henry Jenkins has outstanding entrepreneurial , project management and technical skills with creativity and motivation. Possessing the ability to work at several different strategic levels, Henry has exceptional interpersonal and negotiation skills.
Daniel Potgieter is the mine manager for the conglomerate of claims held by Goldchip Investments. A results oriented Mine Manager with 15 years experience of both technical and production environments. His experience includes underground mining and open pit mining for precious metals and base metals. He has worked in large mines in South Africa and in Zimbabwe including TIX and Topaz mines. Dan has led and commissioned greenfield projects and has extensive knowledge and experience in project management, design and planning software. He has experience on track and trackless mining methods.
Sr. PHP Developer
Divyang is a senior PHP developer with over four years of experience in the IT industry. His set of skills include PHP Framewoks like Laravel, Code Igniter, Cake PHP etc. Divy is also well experienced in HTML and Bootstrap design. Divy completed his Masters in Computer Science in 2014 with Distinction.
Uwe Engelmann (B.Sc. Hons, Wits University, 1991) has gained over seventeen years’ experience in the mining and exploration industry, working for various mining companies in South Africa. During this time he was involved in research in Antarctica, held various geological positions, as well as worked as an Ore Resource Manager for eight years where he was involved in the production and exploration of the shafts, strategic planning, ore resources and reserves, as well as the daily management of the shafts. He has been heading up the exploration division of Minxcon Exploration (formerly Agere Project Management) since 2007 where he has been involved in most aspects of the exploration, predominantly in Africa, in a wide range of commodities including gold, platinum, copper, coal, manganese and iron ore.
Director, Head of Mining Engineering
Daan has worked in the mining industry for 30 years. He has a vast amount of experience in managing underground and opencast mining operations in South Africa and abroad for both world-class mining majors and junior mining companies. He managed new business development for two major mining companies, one gold, the other predominantly platinum. He has experience in mining mergers and acquisitions and related activities such as valuation, due diligence, finance structuring and subsequent change management. Daan has also contributed significantly to ore reserve management, technical services, productivity improvement and operating cost reduction. He also has significant study and project management experience.
Attorney, Legal Practitioner, Notary Public and Conveyancer in Zimbabwe
Insolvency Law, Labour Law, Human Rights Law, Media Law and general litigation. Tawanda Chiurayi is the head of the firm’s litigation department and his practice areas include insolvency law, labour law, commercial and corporate law. Tawanda also has vast experience with human rights and constitutional matters. Tawanda also sits on the Board of Trustees for St. George’s College
Serial entrepreneur, investor and consultant
Ian Scarffe is a serial entrepreneur, investor and consultant with business experience from around the world. As a leading entrepreneur, Ian is on a personal mission to develop a culture of entrepreneurship, helping startups achieve their full potential as well as helping to expand existing companies. Ian has founded ‘Binkplus’, a startup incubator in Europe. A leading expert in Bitcoin, Blockchain and Crypto industries, Ian is at the very heart of revolutionizing the financing industry across the globe and currently consults and advises for a range of multi-million dollar companies. Ian’s overall mission is to foster a society of economically independent individuals who are engaged citizens, contributing to the improvement of their communities across the world. Ian now focuses on the Blockchain industry and offers advice, consulting services, connections to Blockchain experts and investor relations strategies. Ian Scarffe has outstanding entrepreneurial skills and commercial acumen with innovation and motivation. With the capacity to work at strategic levels, Ian possess exceptional interpersonal, communication and negotiation skills. A passion for customer service, wealth of knowledge and vast amounts of hands on experience in almost every role, means Ian has valuable insight into millions of customers, proving him to be a valuable asset to companies across the globe. VERY SHORT Ian Scarffe, Blockchain and Crypto Advisor, Ian is a serial entrepreneur, investor and consultant with business experience from around the world. As a leading entrepreneur, Ian is on a personal mission to develop a culture of entrepreneurship, helping startups achieve their full potential as well as helping to expand existing companies. A leading expert in Bitcoin, Blockchain and Crypto industries, Ian is at the very heart of revolutionizing the financing industry across the globe and currently consults and advises for a range of multi-million dollar companies.
Strategist and Entrepreneur
Giovanni is a blockchain/ startup strategist and entrepreneur synthesising old financial world ideas with emerging technologies. Giovanni is a co-founding team member of Blocktrade.com and a Top 20 Advisor, advising 6+ ICOs. Giovanni brings ideation, strategy, tokenomics and connecting opportunities in the fintech space to the team.
- Crowdsale (51%)
- Pre-ICO (25.5%)
- Early Investors (20.4%)
- Bounty, Advisors (3.1%)
- Development (18.4%)
- Gold byuing (4.4%)
- Administrative (3%)
- Consulting (12.3%)
- Equipment (45.3%)
- Reserves (16.6%)
Cost of the token1 token for 0.13 $
Price without discounts
- Bitcoin Cash
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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 users5
The project combines the best attributes of gold and cryptocurrency. Therefore, it solves the problem of a cryptocurrency that doesn't have "intrinsic worth" linking it to gold. But the project went a bit further in its model. They don't keep the gold. It's sold immediately to the Reserve Bank and they buying Ether with the cash. Thus, the team doesn't need to worry about the safety aspect of gold storage. The value is immediately digitized with the blockchain and it allows you to modify gold and overcome cryptocurrency volatility, which will allow smaller investors to participate in the gold mining sector. So in this way, you don't save gold to just have its cost in a storehouse, you actually save it to earn income!
Risks and disadvantages
The idea of the project is quite interesting, but you can see a number of shortcomings immediately. It's unclear how the team will be able to hedge against the cryptocurrency volatility if they don't save gold but they buying Ether instead. What's the decentralization idea, if the project is centralized and all payments are made through one company.
It's an innovative project, although the idea of attaching gold to the cryptocurrency to add internal value isn't new. But here the team is trying to go further and invest the money in gold mining, that's quite a contentious issue because there're no characteristics of gold deposits and the production efficiency, so it's difficult to predict what will happen.
This project will achieve the hard cap because many investors will invest on the basis that a many currencies are accepted on the platform
Risks and disadvantages
The Project has no current market being served and convincing investors of its capabilities might be rather difficult as they do not have a portfolio to show in case of those investors interested in short term investment.
Goldma is in position to be very successful in the market which it has targeted. strategic investors should in position to invest in this platform.
Africa is still largely a fresh market for ICO projects. This particular project will be able to acquire monopoly in the african market. Issuing of bounty tokens shall create widespread of the presence of an investing opportunity.
Risks and disadvantages
Many potential investor could be ignorant about the initiative so awareness has to be created this will incur more advertising costs. Discounts should be one thing the project should have put in place in order to attract more early buyers this will bring a set back in accumulating the crowd funding.
This a good platform to expand the issue of digital currency and its acceptance on a global scale.
Private investors invested 2 million $ in this project. Zimbabwean mining veteran is involved in the project.
Risks and disadvantages
The team promises to share 5% of profit with investors, so GMA is a security token. I think investors should thoroughly assess risks before making a decision.
I think gold mining is a very profitable but difficult business. I don't know if anyone can be sure that those mining claims really have bonanza gold veins. But if investor is a pro in gold mining then I think decision making will be easier for him.
The project has partners, advisers and investors. Sunrise 60 Gold mining claim was registered and licensed by Goldchip and 5 new mining claims were acquired later. The team participates in blockchain related events.
Risks and disadvantages
Token holders will get 5% of profit in the form of Ether. And the team will buy Ether in order to share profit with token holders. I suppose in this system the demand for tokens will not grow.
This project has been developed for several years already and the team expects that integrating onto blockchain and ICO campaign will be the best solution for making their plan reality.
What is the Ticker for the Token?
GMA is the ticker abbreviation for the Goldchip Mining Asset Token. It will be immediately available on an announced exchange platform. All unsold tokens will be burned.
How do I pay for GMA tokens?
We recommend a wallet like Myetherwallet.com Do not use exchanger such as Poloniex, Coinbase, Binance or any other exchanges otherwise your coins will get lost.
Why do you need to use Blockchain?
Blockchain (smart contracts) is the only technology that can make the global crowdfunding process efficient.
The ultimate goal of the GMA coin is to offer investors all over the world a decentralized means of investing into a gold backed currency.
As a 2016 foreign investor award winner (in the mining sector); we strive to enhance the lives of those in our local community. By rebuilding the local school, health clinic and providing scholarships to outstanding students; we will continue to be leaders in Good Cooperate Governance. All while, our Gold mining claims will earn you quarterly returns and afford you the opportunity trade on the exchanges or wisely hold our coins as they continue to gain value
How can I participate in the ICO?
You will need to create an account on Goldma.io. You will be able to buy Goldma Tokens (GMA) in the Dashboard of investor panel using multiple payment methods: BTC, ETH, LTC, and DASH.
Can I send Ether, BTC, or other alt coins from my exchange wallet?
No! Do NOT send Ether, BTC, or any other alt coins from any exchange wallet as you will NOT receive your tokens.
Can GMA tokens be mined?
No, GMA Tokens can not be mined.
Is it Utility Token or Security Token?
GMA is a Security Token based on the Waves Platform. It is NOT a Utility Token. Token holders will receive royalties every quarter but not equity in the company. All tokens are subject to buy back at market value after 7 (seven) years.
Are there any restrictions?
People from the OFAC list (sanctionssearch.ofac.treas.gov) and following locations are not able to participate in the public token sale: United States of America, People's Republic of China (except for Hong Kong, Macau and Taiwan), South Korea, Cuba, Iran, North Korea, Syria, Crimea Region
Can U.S. ctizens participate in the token sale?
No. US citizens and residents can NOT participate in GoldMA token sale. Although accredited U.S. investors are allowed to participate.