World-First Cryptocurrency covered by Polished Diamonds and Gold Bullions
Total amount of tokens to be emitted till 2023th = 50’000’000 GIDs Coins.
Tokens share:
Team-members and advisors = 5’000’000 GIDs
Pre-Sale (closed sale for strategic investors) = 2’500’000 GIDs
Pre-ICO = 7’000’000 GIDs
ICO Campaign = 15’000’000 GIDs
Bounty campaign = 500’000 GIDs
Coins reserved for mining at duration of 5 years starting from 2019th = 20’000’000 GIDs with approximate yearly emission – 4’000’000 GIDs
Coins which will not be sold during ICO – moving to mining reserve. All unmined Coins after 2023th will be sold at Post-ICO.
PGID = 0,5*(Vd*PmR+Vg*PmLBMA)/VGIDT ,
where:
PGID – Smart Token (GID) price
Vd – Volume of Secured diamonds, owned by company
PmR – Monthly Price of diamonds (according to Rapaport)
Vg – Volume of Secured gold, owned by company
PmLBMA – Monthly Price of diamonds (according to London bullion market (LBMA))
VGIPT – Smart Token Total Volume (GIDs total Volume)
At ICO launch the GID price will be average $20 which can vary during the crowd-sale due to the revisions in the exchange rate:
· ICO investors are given GIDE (GID pre-launch) tokens that can be converted to GID after company has secure enough polished diamonds and gold bullions;
· GIDE tokens will be moved to new blockchain platform and converted into GID in a 1:1 proportion;
· ICO cap will be set in fiat 20 days before ICO;
· minimum cap for ICO is USD 40’000’000,00. If less than that is raised, the investors receive their funds back;
GIDE tokens are released when tokens are distributed around one month after ICO starts.
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