What is a GID coin?
GID money is a global digital currency that is secured by two significant resources: gold and precious stones. This money is initiated and upheld by a square chain. The GID is a cross breed token that can be utilized for installment and as an advantage. The organization has a head office in Switzerland. It will act as per the proposals put forward by FINMA.
GID money is a global digital currency that is secured by two significant resources: gold and precious stones. This money is initiated and upheld by a square chain. The GID is a cross breed token that can be utilized for installment and as an advantage. The organization has a head office in Switzerland. It will act as per the proposals put forward by FINMA.
GID coin precious stones Golden cryptographic money.
The organization has define itself two primary objectives. The main buy of precious stones and gold bars. They sort out the procedure of excavators and makers to guarantee that they utilize less cash from the begin and make a gigantic benefit.
Gold and Diamond Features
Regular Resources
Constrained
Mined
Claimed by Big Companies.
Extremely Expensive
Precious stones
Buy of unpleasant precious stones from a mine or mining of jewels
Cleaning of mined precious stones
Acquiring GIA and HRD affirmation
Protection of obtained precious stones
Position of precious stones in the vault
Gold
Obtaining of unrefined gold from a mining site or gold mining
Refinement of gold mined
Confirmation of gold
Protection of gold bars
Position of the gold ingot inside the capacity
Methods for Work
There are two different ways of work for the organization:
Buy the last item (from makers and mineworkers)
Mastermind the entire proces (begin the procedure from the earliest starting point)
The economy between acquiring of conclusive items and doing of the distance of crude materials to the total item is huge up to 5-10 times.
The significant distinction is time.
Buying of conclusive item takes 1-14 days.
The lifetime of crude items (harsh precious stones and brilliant residue) from mine to safehouse as confirmed item takes 60-90 days.
GID wants to utilize the assets as:
30% goes for obtaining the last item.
70% goes for the creation.
Organization has enough understanding and associations in African nations to begin obtaining and mining without dangers.
Utilizing the Blockchain
The blockchain is a sealed, scrambled database anchored by cryptography that goes about as a bookkeeping record monitoring computerized resources. Rather than being kept up by a solitary server like customary databases, blockchains are decentralized and kept up by a circulated system of PCs around the globe.
GID, similar to all blockchain innovations, utilizes a motivating force driven model of security. Accord depends on picking the square with the most noteworthy aggregate trouble. Diggers create squares which the others check for legitimacy. Among other well-formedness criteria, a square is just legitimate in the event that it contains confirmation of work (PoW) of a given trouble.
A mineworker gets a GID commission from each prepared square. No Coins are discharged once the square is handled.
Every one of the gas devoured by the execution of the considerable number of exchanges in the square put together by the triumphant excavator is paid by the senders of every exchange.
You can utilize your PC's focal preparing unit (CPU) to mine GID or orchestrate GPU mining.
Reserve Allocation
A large portion of costs will be as following:
• General buys of crude or last resources
• Marketing and PR
• Business Development
• Legal costs and duties
• Exhibitions
• Safehouse for merchandise – Payments for capacity
• Ethereum costs at the principal stages
GID Coin GID Token ICO Details
At the ICO dispatch, the GID Coins will offer at about $20. Be that as it may, the cost may shift at the crowdsale because of changes in the conversion scale.
Speculators in the pre-ICO will get GIDE coins amid the pre-dispatch. This can later be changed over to GID coins when the organization anchors enough gold bullion and cleaned precious stones. The GIDE tokens will be put on another blockchain and changed over to GID in the apportion of 1:1.
Token: GIDe
Stage: Ethereum
Sort: ERC20
PreICO value: 1 GIDe = 15 USD
Cost in ICO: 1 GIDe = 20 USD
Pre-Sale – markdown 30%, Pre-ICO – rebate 15%
There is additionally an airdrop for those that enlist for it on the GID coin site.
The ICO Soft Cap: 40,000,000 USD.
In the event that not as much as this sum is raised, all speculators will have their cash discounted to them.
The ICO Hard Cap: 490,000,000 USD
The GIDE tokens will be discharged once the ICO closes, which will be about multi month after the ICO is finished.
FOR MORE INFORMATION:
Website: https://www.gidcoin.io/
✅Whitepaper: https://gidcoin.io/wp-content/uploads/2018/05/WhitePaper_En_GIDCOIN_0418.pdf
✅Twitter: https://twitter.com/gid_coin
✅Facebook: https://www.facebook.com/gidcoin/
✅Reddit : https://www.reddit.com/user/GIDCoin/
✅Medium : https://medium.com/@gidcoinchannel
✅Telegram Group: https://t.me/gidcoin
✅LinkedIn: https://www.linkedin.com/company/gidcoin/
AUTHORED BY- BASEDONBELIEVE
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