can you describe your platform?
Hello, Puregold is using Ethereum platform as it is currently the most widely accepted platform which offers all the benefits of a blockchain (full traceability, nonrepudiability etc.) and multiple source language implementations that encourage integration. Ethereum will handle only the parts needing consensus, transparency and accountability.
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what do I need to change PGG into fiat currency or crypto?
Hi, You will have to undergo KYC procedure.
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are you affiliated with any national banks?
Hi, No, we are not. Value of PGG depends on gold price based on LBMA.
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HI! How did you come up with such idea? Do you really think crypto need backing in gold? There were a lot of projects backed by something and none of em succeded.
Hi, We are not the same as the others. We are working hard on gaining our aim.
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Hi! What is ICO results so far? What are you going to do if you fail to collect your hard cap?
Hi, Hard cap is $20 million. Basically there are two phases: Pre-ICO and ICO itself. We will do our best to collect funds and reach cap, that is why we prefer to move slowly, perhaps, but steadily. We will announce our final decision on what to do if funds are not collected and post it on the website officially.
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What is the total supply of tokens for Puregold?
Hi, The total supply is 50 million.
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where I will be able to use your tokens?
Hi, PGT can be used to pay or offset transaction fees whenever the token holders perform any transactions on the Gold Commerce platform. These transactions could be buying of gold with fiat, selling of gold or making payments to merchants. It is intended that holders of PGT will benefit by being charged just 50% of the prevailing fees when PGT is used. PGT can be used as payment for goods and services. Its low volatility as an asset and its predictability make it an invaluable form of currency. From time to time, and at the discretion of the Puregold, PGT can be converted to PGG at a rate announced by Puregold at that point in time. It is expected that the retained earnings from Gold Commerce will increase the stockpile of gold held in storage which would increase the supply of PGG accordingly. From time to time, and on the discretion of the Puregold, PGT holders can also be rewarded with PGG by Puregold, in proportion to the amount of PGT they hold.
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is there a third party who is responsible for gold storage?
Hi, Yes, it is The Safe House Pte Ltd.
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Hi! I`ve just spotted your project. I want to know more about Puregold. Where is your headquarter? Are all the people allowed to take part in your ico?
Hi, Puregold.sg was established in 2010 as an e-commerce store selling value-added gold and silver coins and bars. It is one of Singapore’s premier private mints with its own in-house factory. So our headquarters are located in Singapore. Citizens of US are not allowed to take part in our ICO.
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What`s the relation between PGG and PGT coin?
Hi, Valuation of PGT depends on turnover of PGG and PGPay. From time to time, and at the discretion of the Puregold, PGT can be exchanged for PGG at a rate announced by Puregold at that point in time.
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Where can i see the funds allocation of your project?
Hi, You can check that information on our webpage.
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Hello! From your WP i did not figured out, when we will be able to change from PGT to PGG?
Hi, As soon as we announce the change allowance you will be able to change from PGT to PGG.
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Can we invest in PGT with gold somehow?
Hi, We accept Ethereum (ETH). You need to transfer ETH to the ICO contract address provided to you after you have registered. Please do not send any ETH from Exchanges - that is, do not use wallet addresses provided by Exchanges like Coinbase, Bittrex, Poloniex, Kraken, etc.
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Will you develop a desktop version of the app?
Hi, We are considering this question. For now we are developing app only.
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Hi, What`s the relation between PGG and PGT coin?
Hello, PGT can be converted to PGG at a rate announced by Puregold at that point in time. PGT holders can also be rewarded with PGG by Puregold, in proportion to the amount of PGT they hold.
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hmmm, the idea is really good! It will be great if you succeed in your goals.
Hello, Thank you for the feedback!
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When it comes to investment what do you think is best with Puregold – as transaction means, storing for a rainy day or trading? Or maybe more than one?
Hello, PGT can be used to pay or offset transaction fees whenever the token holders perform any transactions on the Gold Commerce platform. These transactions could be buying of gold with fiat, selling of gold or making payments to merchants. It is intended that holders of PGT will benefit by being charged just 50% of the prevailing fees when PGT is used. Puregold is building Gold Commerce Platform for a digital Gold payments era. People will be able to store, spend and exchange Gold in the same way as they could any other currency, but in a quicker, cheaper and more secured environment than what is available now in traditional bank or fiat currency. We receive our revenues from licensing fees, transaction fees, gold trading and minting. Our expenses go for taxes, staff development, marketing, business development, fees for participating in conferences, travels, holding assets in gold - payments for gold storage, production of gold ATM. Today a transaction between persons residing in different countries can still take several days and also cost the parties a significant share of the money transferred (the average cross border transaction fee is 7.45%) as each party of the transfer chain, of which there are many, requires a small margin for theirefforts.
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Gold is usually a good investment. But when I buy your tokens or crypto currency, how can I be sure they are accepted by other companies/ people?
Hello, We accept Ethereum (ETH), will be also be accepting Bitcoin (BTC). As a successful business operator in Gold, Puregold is in a very strategic and pivotal position to support a cryptocurrency supported by Gold as well as to develop and expand a payment gateway with Gold as the currency. We are the First Payment Gateway using Gold backed cryptocurrency, PGG, and supported by PGT. With its experience in the gold price market, Puregold.sg stepped into the global arena of gold trading and electronic gold exchanges.
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