GIDCoin- Real Assets based Cryptocurrency


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Good evening, dear friends. Today I want to tell you about such an interesting project as GIDcoin.
Link to their official website: https://gidcoin.io/
The link to their page in bidentate: https://bitcointalk.org/index.php?topic=3767748

Introduction to GIDCoin

Gold and Diamond industry is big and also filled with the opportunity of disrupting and with many opportunities. GIDCoin wants to make them as a big part in Gold and Diamond Industry and help people involved in them make more profit than they were ever able to.
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GIDCoin wants to make an international currency which is covered by real assets which is diamond and Golds and which will be based on blockchain. Blockchain is mostly for the part of security. The uniqueness of the coin will be, The value of this coin will be independent of any centralized decisions of governments. Another thing is the value of the coin will keep growing or stay stable even in hard economic times. They choose both diamond and gold as their main base because they believe in diversity.

GIDCoin

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GIDCoin aims to be a company globally known and internationally used. They want to increase the profit using Gold and Diamond and for people involved into it.
GIDCoin work will be divided in two sides:
• Buying fully polished diamonds and golds from miners and producers
• Buying Raw diamonds and golds

The first one is the traditional way. They will buy straight polished diamonds and golds and make profit. 30% of their budget will go on this side
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The second side will be the main goal of GIDCoin. Buying raw diamonds and golds and then polishing them with low cost and make huge profit out of it. This one will be divided in two stages.
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First they buy rough diamonds and golds, turn them into real diamond and gold and keep them in safe place.
On the second stage they want to invest into mining sites in Africa to produce diamonds and golds themselves. According to them, because of their connections, the investment will be risk free and safe. And of course they will well known security for the safety of diamonds and golds and for mining. After that they are taken to places where they are polished, cut and everything and put into safe place.
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The major different in this ecosystem is that the security and the time. Normally it would take around 60-90 to purchase a final product made from dust and all. But with GIDCoin it will be possible to do that in 1-14 days. And as it's based on blockchain, they are able to provide the highest security and transparency possible.

Roadmap

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Team


The team behind GIDCoin is very capable. They are professionals with experience on Diamond business of 8 years and Gold business for 5 years. Experience plays a vital roles in these industries.
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ICO Details


To raise the necessary funds needed to make the GIDCoin project success they decided to hold a token generation event on blockchain. The starting price of GID Tokens will be 20$ but they may vary when listed on exchanges or in pre-ICO
• Token Symbol: GID
• Token Protocol: Ethereum
• Total Supply: 50,000,000
• Token Price: $20
• Token Sale Amount: 15,000,000
• Soft Cap: 40,000,000
• Hard Cap: 490,000,000
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Token Distribution will be like this:
• Total Coins: 50,000,000 GIDs
• Team and Advisors: 5,000,000GIDs
• Pre-Sale: 2,500,000 GIDs
• Pre-ICO: 7,000,000 GIDs
• ICO: 15,000,000 GIDs
• Reserved for Mining: 20,000,000 GIDs
• Others: 500,000 GIDs

Conclusion


GIDCoin has potential. They have a really unique idea on how to utilize the power of diamonds and golds and also make profit out of it. If they execute it perfectly, it can be a game changer.

More information about GIDCoin over here:

Links:
Author: The Clay



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