Golden Currency is a project of the first fully functional private currency, convenient and efficient infrastructure with utilization of modern technologies, including blockchain. In other words, we are talking about creating a legal and independent private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient currency.
The main goal of the project is to establish a monetary system of the new Golden currency, which includes the first fully functional global private currency issuance, both cash and non-cash, 100% backed by gold. Establishment and development of infrastructure for new currency operation, ensuring its efficient and convenient utilization and maximizing its use.By and large, a legal, independent, modern analogue of the existing Central banks and their infrastructure is being created.
The entire Golden infrastructure will strive to provide the user with the conditions under which he / she will not care in terms of functionality, in what currency to store his / her funds. And if so, then, taking into account the advantages of the currency Golden, the most reliable and profitable for the user will be to store the money in Golden, which is not subject to national risks and inflation.
The main objective of the project is to create a unique monetary system, which includes the following aspects:
Golden Currency:Issue (issue) of the world’s first full-fledged international private currency Golden in cash and cashless form, secured by physical gold.
The infrastructure of the Golden currency: Creation and development of infrastructure for functioning, ensuring efficient and convenient use of the new currency and maximizing its use.
global banking network and banking infrastructure (Bank Golden);
crypto currency exchange integrated with the banking network (Golden Exchange);
security storage (gold).
All this is clearly shown in the figure.
The use of blockchain technology is expected in all key elements of the emerging monetary system:
in the system of management and control of gold reserves-as an important element of reliability and openness, publicity of the system;
in the banking network — during international payments, transfers, currency conversions — to ensure speed, reliability, versatility, as well as integration with the foreign exchange;
in the currency exchange — during the exchange of Fiat and cryptocurrency — to ensure the speed, reliability of transactions in General, blockchain technology will be aimed at ensuring decentralization, control, bundles of Fiat and cryptocurrencies, the possibility of conducting, including global, banking and currency transactions as quickly as possible, with minimal costs to the user.The initial currency issue will be made on the basis of ICO on the basis of the first formed Golden Bank.
A predetermined part of the funds collected as a result of the ICO will be directed to the acquisition of gold reserves and the manufacture of banknotes. Before issuing a Memorandum will be formed, which will determine the details of such issue, including its volume and the order of the exchange of Golden gold, as well as details of the formation of preliminary applications for the purchase of Golden, if the issue will provide for such a possibility.
Golden Exchange cryptographic currency exchange
Golden Exchange will be an important part of this system. Golden Exchange will be officially registered with obtaining the necessary licenses as an exchange with the ability to trade crypto-assets and Fiat currencies. Exchange users can easily carry out currency exchange operations through the exchange (in any direction) Golden-Fiat, Fiat-Fiat, Golden-crypto, crypto-crypto.
Basic use Golden Exchange implies its use through integration with the Bank Golden Bank. When opening an account with the Bank, the user has access to the exchange’s capabilities, without the need for additional registration on it
.
Token Information and Pre-ICO
Pre-ICO round timeframe: 16 Apr 2018–16 Jul 2018
Bonus for pre-ICO round participants: 15–25%, special terms for the purchase of 100.000 $ +
Payment method: Bitcoin, Ethereum, Dash, etc.
Cost of 1 token PGCT
$1 (limited max 7,600,000 tokens)
Token technology PGCT: ERC20 token based on Ethereum
Roadmap ( The GoldenCurrency roadmap is divided into 9 milestones, extending to 2020 )
Q3/2017: GOLDEN CURRENCY CONCEPT
- Q4/2017: PROJECT START.
Primary legal, technical and other analysis. White Paper first draft - Q1/2018: PUBLIC ANNOUNCEMENT.
Public discussion and finalization of the project. Website. White Paper. Seed round. The project team development
-Q2–3/2018: PRE-ICO.
LEGAL ISSUES
Establishment of the final legal scheme, taken into consideration the possibility of tokens legalization as securities and ICO. Identification of the key project partners and terms of cooperation. Currency design - Q3/2018: ICO
Tokens in 3 months are traded on cryptoexchanges - Q4/2018: THE BANK OPENING
The first branch of Golden Bank is opened - Q1/2019: FIRST EMISSION
The first emission of the first global private currency Golden
-Q1–4/2019: INFRASTRUCTURE
The launch of the banking network, currency exchange, and their integration. Development of infrastructure (ATMs, multi-currency bank cards, etc.) - 2020+ : EXPANSION
Additional emissions. Global presence (banking network). Golden becomes a global currency and a number of countries recognize Golden as a reserve currency
Project Team:
The project is implemented by a highly professional team led by founders with extensive experience in implementing complex and large investment projects — Igor Chekun, head of the private equity fund with a project portfolio of over 1.1 billion USD, and Lev Voronov, a businessman, former founder of metal mining and automotive industry group.
Links:
Website: https://goldencurrency.world
Whitepapper: https://goldencurrency.world/white_paper_eng.pdf
Telegram Group: https://t.me/joinchat/GljMN0cgk-_pKAc4mDBPmQ
Twitter: https://twitter.com/goldencurrency/
Facebook: https://www.facebook.com/GoldenCurrency.world/
ANN: https://bitcointalk.org/index.php?topic=2994066.0
Bitcointalk profile:https://bitcointalk.org/index.php?action=profile;u=1279177