[ANN][ICO] OROCRYPT – Digitized Precious Metals On The Ethereum Blockchain

[anonbit992]

Exciting project. Just visited the website and downloaded the white paper. 10 days left for the ICO. Going  to read the whitepaper. Will keep a close watch.

[redhack]

Unfortunately, we do not have bounties for translations.

It's hard to collect money from non-English speaking regions if you don't support local threads. Other projects run bigger campaigns to get investment from all over the world. You should reconsider your decision. Just my 2 satoshis.

[Orocrypt]

Seems to be an interesting project, it will definitely be on my watch-list. I have two questions:
1)Is there any escrow for the tokens?
2)How long will the team hold the shares?

The tokens will be sent to each investor's wallet as soon as we receive payments.  We will not keep private keys, so not recovery.  About the founders, you can see that they cannot sell their shares as Class B.  They have to be converted as Class A.  Only then can either be sold or tokenised.  This is each founder's individual choice.

[Orocrypt]

Dev, I wrote an article about Orocrypt in steemit but did not get into the specific details, I would like to know why the USA is out of the game! Can not they at least participate in rewards campaigns? Of course they can! Can't they use a VPN and buy Orocrypt? Of course they can! Are not you Panamanians

We don't sell to US persons due to US regulations.  Our tokens can be deemed to be securities by the SEC, or commodities as they currently stand by the CFTC or even money tranfers institutions in some states.  To comply with all these regulations is very expensive.  In the future we may set up a US subsidiary that could accept US investors. 
That is if we are successful. 

Please note that any investor has to declare if he or she is a US persons regardless of the IP origin. 

[Kaznachej123]

                                      Orocrypt ICO added - ICOTRACKER.NET      https://icotracker.net/project/orocrypt
                                                        https://twitter.com/Kaznachej123/status/872184832373272576

                     

[Orocrypt]

Did you know that each one of the Orocrypt founders has more than 30 years of financial background? Unique! $ETH
https://orocrypt.com/#our_team

Do not hesitate to ask your questions and/or contact us for any help regarding the project.
You can always come and chat with us on our official telegram: https://t.me/joinchat/AAAAAAhCWkGn4hcOoQ_LYQ

We would also like to state that our bounty campaign is on-going and taking new participants that could be interested by a reward for providing us their service! Are you looking for a share of tokens?

https://bitcointalk.org/index.php?topic=1932755.0;all

Here is your chance!

[Mento]

We will have to see these specifics you mention to determine if they protect the consumer. Precious metals is a highly regulated market and a whitepaper is not a legally binding document.

I do have another question though: To participate in the ICO we have to provide our address, identity documents, telephone number, and email address. This is done in order to comply with KYC and AML laws. That means all token holders will need to register their real identities in order to claim their gold in an event of bankruptcy or withdrawal. Is this also true for anyone who buys at an exchange and not directly through your ICO?
 
(I bring this up in the case someone uses a pseudonym to buy)

Gold tokens and share tokens are two different instances.
During ICO we sell share-tokens, not gold-tokens. And yes, you will have to provide your real identity. We are keeping a shareholder registry, as required by Panamanian law.
Same for exchanges.

Will this condition be continued for the participants of the bounty program? Will they have to verify their identity too?

[Orocrypt]

We will have to see these specifics you mention to determine if they protect the consumer. Precious metals is a highly regulated market and a whitepaper is not a legally binding document.

I do have another question though: To participate in the ICO we have to provide our address, identity documents, telephone number, and email address. This is done in order to comply with KYC and AML laws. That means all token holders will need to register their real identities in order to claim their gold in an event of bankruptcy or withdrawal. Is this also true for anyone who buys at an exchange and not directly through your ICO?
 
(I bring this up in the case someone uses a pseudonym to buy)

Gold tokens and share tokens are two different instances.
During ICO we sell share-tokens, not gold-tokens. And yes, you will have to provide your real identity. We are keeping a shareholder registry, as required by Panamanian law.
Same for exchanges.

Will this condition be continued for the participants of the bounty program? Will they have to verify their identity too?

Hey Mento,

As a reward; bounties participants are to receive OROC tokens which are considered as a "share-holding".
Therefore; the rule is the same for the bounty programs; yes.

Thank you!

[Orocrypt]

We will have to see these specifics you mention to determine if they protect the consumer. Precious metals is a highly regulated market and a whitepaper is not a legally binding document.

I do have another question though: To participate in the ICO we have to provide our address, identity documents, telephone number, and email address. This is done in order to comply with KYC and AML laws. That means all token holders will need to register their real identities in order to claim their gold in an event of bankruptcy or withdrawal. Is this also true for anyone who buys at an exchange and not directly through your ICO?
 
(I bring this up in the case someone uses a pseudonym to buy)

Gold tokens and share tokens are two different instances.
During ICO we sell share-tokens, not gold-tokens. And yes, you will have to provide your real identity. We are keeping a shareholder registry, as required by Panamanian law.
Same for exchanges.

Will this condition be continued for the participants of the bounty program? Will they have to verify their identity too?

Hey Mento,

As a reward; bounties participants are to receive OROC tokens which are considered as a "share-holding".
Therefore; the rule is the same for the bounty programs; yes.

Thank you!

Hey Mento

Unless you choose to receive the equivalent in bitcoin or ether.  In such case, you would not need to register.

[ekin4]

If you take user information for AML/KYC then this coin is not anonymous? And it can't launch in exchanges. Because you can use exchanges full anonymous but you can't trade this coin. I don't understand?

[overlordcoin]

Looks a good project, waiting for the opening day

[FA wings]

Good project
I will take part in the bounty activity

[P E K K A]

how to join bounty dev?

[hitokai1989]

like and hope to join bounty in facebook ya
here my link
https://www.facebook.com/lucianyee.sama

join telegram and blogging too ya

[just1question]

nvrmind. OROC is the shareholding token and another token will be gold equivelant to 30 grams gold..

[Thule]

This coin is going to die quickly.No real DEV team,no Information where exectly the gold will be stored and how much .
Your marketing sucks.You won't be able to be traded in exchanges.
Thats the worst coin i saw

[minime0105]

This coin maybe interesting.. I'll watch on its development.
Just seen it in one of the largest crypto news sites.
https://cointelegraph.com/news/orocrypt-to-add-stability-of-gold-to-cryptocurrencies

[Orocrypt]

The CoinTelegraph just posted an article about us: Orocrypt to Add Stability of Gold to Cryptocurrencies
We really are proud to have our name on such a prestigious media.

To be noted: Orocrypt just added Intercom on it's website (livechat support). Our team will be more than happy to answer your questions regarding the project.

Feel free to join us on our official Telegram Channel

[hannusolo]

After the ICO and the launch, where can the OROCRYPT shares be traded, as it will be special in the crypto world by being non-divisible? Will you have your own marketplace of shares?

[ingiltere]

Website is not working. What could be the problem?
I was about to write my blog for Orocrypt but website is down at the moment.