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Topic: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token (Read 46573 times)

JackJackD

Newbie

Activity: 122
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 09:56:06 AM

#641

Quote from: rutendojenkins on August 08, 2018, 09:28:15 AM

Quote from: nevaquit on August 08, 2018, 08:12:59 AM

Its great that others are understanding that by combining the best attributes of Gold and cryptocurrency - we are embarking on a groundbreaking venture. I believe that blockchain technology will lead the way in the evolution of money and how money is valued.

If a crypto currency is the alpha of monetary systems, a gold backed crypto currency would be considered as the uber-alpha. The benefits of a gold-backed crypto currency outweigh those provided by an investment that has no fall back.

That's absolutely true. I think that the project Goldma creates is kind a new approach to gold, making it more available for token holders

alicejohnson

Newbie

Activity: 51
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 10:07:25 AM

#642

Remitting dividends can be a daunting task when paid in Fiat through banks. Goldma will send out royalties in Ether, which is fast and without hassles! I love this approach!

SaprikMazhik

Newbie

Activity: 196
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 10:08:03 AM

#643

By reducing all the obstacles that are in the way to success in the gold mining sector, Goldma has huge signifies to unite investors from all over the world Shocked

nevaquit

Newbie

Activity: 137
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 10:31:28 AM

#644

Having a gold mine already and producing gold everyday allows us the ability to realistically offer a great ICO for our investors. Grin

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 02:03:01 PM

#645

Quote from: alicejohnson on August 08, 2018, 10:07:25 AM

Remitting dividends can be a daunting task when paid in Fiat through banks. Goldma will send out royalties in Ether, which is fast and without hassles! I love this approach!

That is so true,great observation!

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 02:05:54 PM

#646

Quote from: nevaquit on August 08, 2018, 10:31:28 AM

Having a gold mine already and producing gold everyday allows us the ability to realistically offer a great ICO for our investors. Grin

Yes sir,the ball is already rolling,that's the beauty of Goldma!

tidtpro333

Newbie

Activity: 56
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 02:07:02 PM

#647

Quote from: SaprikMazhik on August 08, 2018, 10:08:03 AM

By reducing all the obstacles that are in the way to success in the gold mining sector, Goldma has huge signifies to unite investors from all over the world Shocked

What is the big idea to unite it?

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 02:07:31 PM

#648

Throughout the history of mankind for 5,000 years, Gold has been money. Gold was money. Gold is money. Every attempt to replace a Gold backed currency with a fiat currency has failed.

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 02:15:25 PM

#649

Quote from: Grandmasterbit93 on August 06, 2018, 09:44:47 PM

so far the results have been obtained from this project has been very good and I see the ico is still running until October and this is a great opportunity for this project can reach hardcap because duration ico is still long

Goldma is trying to get everyone included ,and give everyone this once in a life time opportunity to invest in a currency that is going to change the world!

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 02:25:27 PM

#650

Quote from: basil-usa on August 02, 2018, 05:13:40 PM

I love the aims they have. For example, to decentralize the opportunity to invest in multi-million dollar gold mining projects and enable anyone to inexpensively and securely transfer value anytime, anywhere

Decentralized currencies allow transactions to be made directly from person to person without the assistance of a third-party. This dramatically improves financial efficiency and allows people to be less reliant on banks or other financial institutions.

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 02:54:20 PM

#651

Quote from: SaprikMazhik on August 08, 2018, 10:08:03 AM

By reducing all the obstacles that are in the way to success in the gold mining sector, Goldma has huge signifies to unite investors from all over the world Shocked

This can save a lot of people money for people in fees and other costs associated with using banks. This feature of block chain technology is very appealing to many people who wish to save money in their finances.Also getting access to a goldmine ,travelling to the site and fulfilling all the requirements to begin a mining operation is too capital intensive for most investors who want to invest in gold.Thankfully Goldma has done all the work,all you need is to purchase the tokens,and wait for your royalty!

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 02:57:51 PM

#652

The rarity, usefulness, and desirability of gold make it a substance of long-term value. Gold works well for this purpose because it has a high value, is durable, portable, and easily divisible.Now imagine a crypto currency backed by such an asset!Amazing!!

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 03:00:43 PM

#653

Quote from: NetwknGRU on July 29, 2018, 09:44:56 PM

Quote from: nevaquit on July 29, 2018, 02:47:56 PM

Quote from: basil-usa on July 28, 2018, 09:59:08 PM

Gold - Gold is recognized as a having a long-term record of stability. The U.S. has had a completely paper-based currency for 45 years, while gold has been a medium of global exchange for more than 5,000 years. What I'm trying to say is people look for is something thats an insurance policy, an asset that holds its value in times of trouble,You dont want uncertain reserve assets. With a track record of more than 5,000 years, gold could be the opposite of uncertain. And I love this

Very good points regarding gold. Other great points include that gold is the only financial asset that is not simultaneously someone else's liability.
1) Gold does not require the backing of any bank, government, or brokerage firm.
2) Gold cannot suffer a default or its value fall to zero.
3) No counterparty risk means that once you have physical gold in your possession, you dont depend on someone else to fulfill a contract or keep a promise for it to retain its value.
Stocks, bonds, ETFs... essentially all paper assets require another party to make good on their end of the deal. Not so with a gold coin in your hand. Thats why the tokenization of gold is so so important to the blockchain ecosystem.

This is really really getting intresting so basically all these points you outlined translate to power, control and wealth. What I mean is:
1.POWER- With Gold you have power because you have a commodity that can not be tempered with by third parties or the powers that influence the current monetary system to their benifit so by Tokenizing gold you are taking power back into your hands

2. Wealth- With the GMA token you do not only get the value that comes with gold but you earn royalties while storing value.

3. Control- Block chain give you all the transparency you need and you can trade you valued token how you wish once it is listed

Thi is GREAT!!!!

Because gold is highly valued and in very limited supply, it has long been used as a medium of exchange or money. The first known use of gold in transactions dates back over 6000 years.This is one stable store of value!!

rutendojenkins

Newbie

Activity: 70
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 03:03:07 PM

#654

Quote from: basil-usa on August 06, 2018, 09:44:15 PM

I appreciate that it is now simpler for us to be directly connected in the Gold mining world Wink

True,and you don't need to travel all the way to Africa to do it.Just by simply purchasing tokens in the comfort of your own home,you get to invest in gold that is on the other side of the world! 8)Sweet!

nevaquit

Newbie

Activity: 137
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 05:23:49 PM

#655

Quote from: rutendojenkins on August 08, 2018, 03:03:07 PM

Quote from: basil-usa on August 06, 2018, 09:44:15 PM

I appreciate that it is now simpler for us to be directly connected in the Gold mining world Wink

As we all should know - with fiat currency the government can essentially manufacture money virtually out of thin air. [7] Since leaving the gold standard in 1971 US currency in circulation (M1) increased from $48.6 billion to over $1 trillion dollars in 2012. [4] Between 1971 and 2003 the entire supply of money (M3) in the United States has increased by 1,100%. [29] Under a gold standard, new money could only be printed if a corresponding amount of gold were availabe to back the currency. This restriction is an existential check on government power.

avalane9z

Newbie

Activity: 68
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 10:38:42 PM

#656

Goldma is trying to get everyone included ,and give everyone this once in a life time opportunity to invest in a currency that is going to change the world!

alicejohnson

Newbie

Activity: 51
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 11:00:46 PM

#657

By reducing all the obstacles that are in the way to success in the gold mining sector, Goldma has huge signifies to unite investors from all over the world

NetwknGRU

Newbie

Activity: 210
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 08, 2018, 11:54:20 PM

#658

Quote from: avalane9z on August 08, 2018, 10:38:42 PM

Goldma is trying to get everyone included ,and give everyone this once in a life time opportunity to invest in a currency that is going to change the world!

Oh yes. This peoject is revolutionary, changing the way things have always worked and now including everyone in wealth building

NetwknGRU

Newbie

Activity: 210
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 09, 2018, 12:30:15 AM

#659

Quote from: alicejohnson on August 08, 2018, 11:00:46 PM

By reducing all the obstacles that are in the way to success in the gold mining sector, Goldma has huge signifies to unite investors from all over the world

It is very important for a project to be able to Identify a problem and provide a solution, this is key to the success of the project and it also makes the world a better place.

NetwknGRU

Newbie

Activity: 210
Merit: 0

Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token

August 09, 2018, 12:42:23 AM

#660

Quote from: rutendojenkins on August 08, 2018, 09:44:42 AM

Gold backed crypto currencies retain their asset value, despite a dip in demand:

If you invest in the GMA token a gold backed crypto currency you dont have to face the possible consequences of loss if the digital currency in fails or falls in price.
Even if a crypto currency loses its demand over a period of time, it still retains its asset value given that it is backed by gold. The intrinsic value of gold is safe from falling prey to the volatility that might plague other crypto currencies in the future and contribute to bursting the crypto currency bubble.

That is a very Interesting point you put across. Because the GMA token is backed by gold royalties when the cryptocurrency hits the exchanges it will become popular then the price of the coin will likey increase in value, greater than the value of gold because of the royalty system, once the market realizes that GMA token holders are being paid out in Ether.

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