SMARTGOLD ICO OFFICIAL ANNOUNCEMENT
Our project offers a simple process of involving the blockchain in the real economy. The core economic idea: traditional risks of exploration and production of gold are exchanged for risks of volatility of cryptocurrencies and tokens (insecurity with valuable, liquid assets, protection from inflation). The release of tokens is secured by a contract for the supply of goods. Fixing the risks ratio occurs in the price of the purchase of goods in the form of a discount from the market price and is fixed in a unit of physical mass. The commodity of the contract is gold which is universal measure of value.
These solutions create a simple, secure investment tool for secondary circulation being an accurate measure of the value expressed in a unit weight and fulfilling the classical role of gold. We have prepared a co-investment project for the simultaneous start of gold production and development of the gold deposit.
Pre-Sale ends 30 DECEMBER 2017 | ICO Starts At 25 JANUARY 2018
:: The Main Idea ::The goal of the project is to release 1,000,000 (one million) SGT tokens to raise funds for the construction of the gold plant and to start the extraction of gold concentrate in Tanzania. Owners of tokens become co-owners of the Main Contract for the supply of gold. One token is equal to 1 g of gold from the Main Contract for the supply of physical gold in the amount of 1 ton (one ton or one million grams). The contract is signed with the local partner company for gold mining for the supply of gold in the period starting since the launch of the gold-recovery plant (the gold plant). The delivery time of the metal under the contract is December 2018 to March 2020.
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This project involves crowd-funding investments in blockchain asset SGT which is backed by gold in physical terms and will be placed on the
Universa platform.
1 ton or
1,000,000 grams of gold is allocated for crowd-funding to ensure the emission of
1,000,000 SGT.Of the total number of tokens in the course of Pre-Sale and Token-Sale,
85% SGT will be realized,
10% SGT team reserve,
3% SGT bounty campaign,
2% SGT advisors reserve.
:: Advantages of the Project ::- Tanzania is one of the top three countries in terms of reserves and gold mining in Africa.
- The legislation provides no profit tax in the first 5 years.
- Providing tokens in the form of a contract for the supply of gold. The contract provides for:
- terms of delivery of metal with transfer to the buyer in accordance with Incoterms 2010;
- the metal will be deposited in an international bank with the opening of a metal account. With the opening of the metal account, a register is opened for the owners of the tokens.
- Transparent technology of the blockchain in the form of register of tokens.
- The discount principle applied is fixed in the price for the physical weight of the goods and is protected from inflation.
- Availability of government support in Tanzania for gold production projects.
- Cross-border circulation of goods (the possibility of using metal accounts).
- Installation of a Web-camera on the site, on-line translation of progress.
- Constant control over the course of development of investments is carried out by an independent international auditor.
:: Road Map ::Stage 1. Pre-Sale. December, 2017Placing 5 % of the issue through closed subscription. The number of tokens implemented at this stage is limited, the price for one token is 15 USD + 20% bonus.
The planned soft cap amount of attracted investments at the stage of Pre-Sale is equal to 850,000 USD.
The collected investments will be used to implement the full Token-Sale, part of the amount will go to preparatory work, project promotion, legal support, expenses of outside organizations.
At this stage, the potential investor receives an increased yield of more than 200% in relation to the market price of gold today.
Stage 2. Conducting the Token-Sale. January, 2017At the stage of conducting a full-scale Token-Sale, the main part, 80% SGT, will be realized, which will be 800,000 SGT, at a price for one token 16 to 20 USD. Tokens will be sold at a yield to the market price of gold from 50 to 150%.
The planned amount of attracted investment in the project at the end of the Token-Sale is 13,600,000 USD.
Stage 3. Ordering of turnkey plant equipment, purchase and storage of gold ore. February 2018Stage 4. Beginning of geological exploration work in the license area. March 2018Stage 5. The launch of metal production at the gold-extraction plant (mill). December 2018Stage 6. The beginning of the delivery of gold ore from the license area to the plant. March 2019Stage 7. Completion of the contract for the supply of metal. March 2020Transfer of gold to an international bank. Opening a metal account with the transfer of the register of token holders for access to the escrow account agent.
It is possible to receive physical metal according to a pre-order.
:: Important Links & Social Footprints :: ::Website : https://smartgold.so/Whitepaper : https://smartgold.so/docs/WPeng.pdfYoutube : https://www.youtube.com/watch?v=-pMkuCsgInQMedium : https://medium.com/@altncoinTwitter : https://twitter.com/SmartGoldTokenTelegram : https://t.me/SmartGoldEngReddit : https://www.reddit.com/user/SmartGold/Support & Queries : info@smartgold.so
Thank you so much!
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