Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: simon_1982 on November 09, 2017, 02:09:10 AM



Title: ICO
Post by: simon_1982 on November 09, 2017, 02:09:10 AM
Guys what do you think about making ICO in gold project?


Title: Re: ICO
Post by: joinfree on November 09, 2017, 02:22:43 AM
There have been a lot of ico projects based on gold and gold bars, so there is no need to create another one because none of them have been succesfull ones, they are just buying gold bars with the ico funds in order to hold them, but it is not succesfull because there is no way to claim your gold once that the ico is over, and it means that you have lost your funds too if it was a fraudulent ico.
If you are going to develop something nice, then do it, but if it is going to be like the other garbage icos, then try to do not do it.


Title: Re: ICO
Post by: simon_1982 on November 09, 2017, 02:34:22 AM
I see, you are right similar projects were make, for example, "Sudangold" and "Goldmint" projects.. First one failed because the project credibility seemed not very good and the White Paper and site was very immature. However, the second one seems to be picking up quite well for the ICO.
Our team we were actually thinking for development of "green production" into gold mine project (which was never done before), and in this case we can tie our token to real gold end product, so token buyers can secure their investments into our tokens.
Anyways, thank you for advise!