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

[Orocrypt]

Latest update from the Board of Orocrypt:
 We have applied to list our OROC tokens in the new exchange from Ambisafe called “Orderbook” ( orderbook.io). We have been informed that the token listing is expected by the end of October.

We are continuing our work to implement the gold-backed token Smart Contract and web portal development.  There is a backlog of available resources due to the high number of new ICOs coming to the market.  For this reason we expect to launch our gold token in October.

Like always; the whole team from Orocrypt wish to thank you for being with us while we work hard to provide you the best digitised assets on the Blockchain.

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[EvRo74]

Update from the recent progressions in the Orocrypt project:

- We are now working on the implementation of the gold token Smart Contract, including the web development (platform). We expect to launch it in late September/early October.

- Refunding of the Bitcoin and Ethers were done; followed by the Euros (bankwire) being almost completed.

- We expect to list the OROC tokens during September.  Currently, we are in talks with 2 exchanges.

- The Board passed a resolution about OROC bonuses. All the investors who decided to stay (after the end of the ICO), will receive a bonus as follows:
Investments between 1 and 10 OROC will receive 1 OROC.
Investments between 10 and 20 OROC will receive 2 OROC. 
(And so on.)

- We are aware that the persons who participated in the Bounty Programs did a lot of work for the ICO.  The Board approved a special bonus of 130 OROC for the top bounty participants.  Since there is too many, we will be developing; with Ambisafe; a lottery system to allocate those OROC by random selection in the list.

Dear Orocrypt!

I think that your team has acted very unprofessional in relation to the participants of the bounty campaigns:

1) the manager who lead the thread of the bounty simply disappeared without any explanations or announcements;
2) none of the OROteam also came there to clarify the situation around the project and answer community questions;
3) the spreadsheet of participants was deleted - and none of us knows the whole list or their honestly earned stakes;
4) the fact that you announced a certain lottery, has neither a date for holding, nor any clarity in the procedure for selecting "winners"...

It would not be nice to offend anyone, but it is necessary to maintain self-control, professionalism and respect for those whom you hire to promote your project - even if it does not become successful. On good terms, you should honestly announce the current situation around the project and discuss with the bounty hunters possible options for fair and honest compensation - especially since you are planning to continue the project.

Sincerely, but with a misunderstanding,
EvRo74

[redhack]

Even if they press tokens nobody would buy this scamcoin. It's like Bitcad, they pressed tokens but nobody want it because basically it's useless.
Their decision about lottery system for bounty participants is far more than comedy. This project failed big time, there's nothing they can do to recover from this situation.

[Orocrypt]

Update from the Orocrypt team:

Progression of the project: Orocrypt is working hard on the gold token; a tokenized precious metal on the Ethereum Blockchain. Unfortunately; things are going slower than planned.
With so many ICO’s being launched; the availability of the companies providing the needed platforms to publish a token went down. This is mainly due to a lack of personnel and employees.

Legal aspects: As you might also know or have noticed, many things happened in the last weeks. The regulations being modified in China and Singapore are examples. Therefore; and in order to comply to the ongoing changes; we are adapting our project to avoid possible legal problems.
While this is taking some time, we think that it is critical to have a strong base to provide our clients with a strong product.

Bounty Programs & Returns: While we are aware that the bounty hunters are waiting for a return; Orocrypt would like to put forward the fact that since our ICO did not reach its minimum; we do not have any obligations to give rewards. This is part of the risks included in a bounty program.
That being said; we are more than happy to do so since we believe that anyone who participated or provided a service should be receiving a payment.

Orocrypt is thanking you for your patience while we arrange the OROC lottery among the individuals who participated.  Please note that we have allocated more tokens as a goodwill gesture, than the 0.5% of funds received.  This is to recognise your efforts in our ICO,  for which we are very grateful.

[zahra4577]

Update from the Orocrypt team:

Progression of the project: Orocrypt is working hard on the gold token; a tokenized precious metal on the Ethereum Blockchain. Unfortunately; things are going slower than planned.
With so many ICO’s being launched; the availability of the companies providing the needed platforms to publish a token went down. This is mainly due to a lack of personnel and employees.

Legal aspects: As you might also know or have noticed, many things happened in the last weeks. The regulations being modified in China and Singapore are examples. Therefore; and in order to comply to the ongoing changes; we are adapting our project to avoid possible legal problems.
While this is taking some time, we think that it is critical to have a strong base to provide our clients with a strong product.

Bounty Programs & Returns: While we are aware that the bounty hunters are waiting for a return; Orocrypt would like to put forward the fact that since our ICO did not reach its minimum; we do not have any obligations to give rewards. This is part of the risks included in a bounty program.
That being said; we are more than happy to do so since we believe that anyone who participated or provided a service should be receiving a payment.

Orocrypt is thanking you for your patience while we arrange the OROC lottery among the individuals who participated.  Please note that we have allocated more tokens as a goodwill gesture, than the 0.5% of funds received.  This is to recognise your efforts in our ICO,  for which we are very grateful.

Will there be another ico?I hope this time around you would manage it more efficiently and reach your goals

[EvRo74]

Update from the Orocrypt team:

Progression of the project: Orocrypt is working hard on the gold token; a tokenized precious metal on the Ethereum Blockchain. Unfortunately; things are going slower than planned.
With so many ICO’s being launched; the availability of the companies providing the needed platforms to publish a token went down. This is mainly due to a lack of personnel and employees.

Legal aspects: As you might also know or have noticed, many things happened in the last weeks. The regulations being modified in China and Singapore are examples. Therefore; and in order to comply to the ongoing changes; we are adapting our project to avoid possible legal problems.
While this is taking some time, we think that it is critical to have a strong base to provide our clients with a strong product.

Bounty Programs & Returns: While we are aware that the bounty hunters are waiting for a return; Orocrypt would like to put forward the fact that since our ICO did not reach its minimum; we do not have any obligations to give rewards. This is part of the risks included in a bounty program.
That being said; we are more than happy to do so since we believe that anyone who participated or provided a service should be receiving a payment.

Orocrypt is thanking you for your patience while we arrange the OROC lottery among the individuals who participated.  Please note that we have allocated more tokens as a goodwill gesture, than the 0.5% of funds received.  This is to recognise your efforts in our ICO,  for which we are very grateful.

Hello!

The fact that the team did not abandon the project is very good! It is also very correct, I believe, that you took the time to inform the bounty campaign participants that they are not forgotten. Do you plan to involve the forum community in the further implementation of the OROCRYPT project to promote it? In what forms? What deadlines have you set for yourself to restart the fundraising?

If you want to attract us to ICO advertising in the future, I would suggest that you transfer the lottery at the end of the fundraising or turn it into an incentive fund for those who will take part in both stages of your ICO.

[artifact11]

I think at this stage every thing said must be true for gaining some trust again
List tokens September? You got 8 hours. And else give an update.

Update from the recent progressions in the Orocrypt project:

- We are now working on the implementation of the gold token Smart Contract, including the web development (platform). We expect to launch it in late September/early October.

- Refunding of the Bitcoin and Ethers were done; followed by the Euros (bankwire) being almost completed.

- We expect to list the OROC tokens during September.  Currently, we are in talks with 2 exchanges.

- The Board passed a resolution about OROC bonuses. All the investors who decided to stay (after the end of the ICO), will receive a bonus as follows:
Investments between 1 and 10 OROC will receive 1 OROC.
Investments between 10 and 20 OROC will receive 2 OROC. 
(And so on.)

- We are aware that the persons who participated in the Bounty Programs did a lot of work for the ICO.  The Board approved a special bonus of 130 OROC for the top bounty participants.  Since there is too many, we will be developing; with Ambisafe; a lottery system to allocate those OROC by random selection in the list.

[TOM47]

The timeframe, and save any unexpected delays, we will be ready to start selling the gold token by 30th November.

[btcdee]

I'm very interested in tokenized precious metals as a brilliant blockchain use case. Any recent updates about this project? Thanks

[Orocrypt]

Our gold token OCG is operational and registered in the Ethereum blockchain and our website is ready for operations. Clients can now register and buy OCG gold tokens after going through our approval process. Please see our AML/KYC document tha can be downloaded from https://orocrypt.com/static/docs/kyc_alm_english.pdf

Please note that our gold token is only available from our website orocrypt.com and after the client has registered and been approved. 

The token Smart Contract can be seen at etherscan.io or ethplorer.io by entering  its symbol OCG Orocrypt Gold Token. The OCG token represents the ownership of 30 g of LBMA compliant bullion gold held at the vaults of OZL in Liechtenstein AG, Swiss Gold Safe in Switzerland or Byzantium in the Cayman Islands.

The OCG token offers gold investors a safe method to digitize bullion gold, convertible on demand. It is compatible with all Ethereum wallets allowing for direct P2P transfers. Initial investors will need to go through our KYC procedures. Then, they could trade the token with anyone instantly and seamlessly. A token holder who is not our client would need to be registered and go through our KYC procedures in case he/she wants to either take physical delivery of the bullion, or sell the tokens back to us for cash or crypto settlement.

[EvRo74]

Our gold token OCG is operational and registered in the Ethereum blockchain and our website is ready for operations. Clients can now register and buy OCG gold tokens after going through our approval process. Please see our AML/KYC document tha can be downloaded from https://orocrypt.com/static/docs/kyc_alm_english.pdf

Please note that our gold token is only available from our website orocrypt.com and after the client has registered and been approved. 

The token Smart Contract can be seen at etherscan.io or ethplorer.io by entering  its symbol OCG Orocrypt Gold Token. The OCG token represents the ownership of 30 g of LBMA compliant bullion gold held at the vaults of OZL in Liechtenstein AG, Swiss Gold Safe in Switzerland or Byzantium in the Cayman Islands.

The OCG token offers gold investors a safe method to digitize bullion gold, convertible on demand. It is compatible with all Ethereum wallets allowing for direct P2P transfers. Initial investors will need to go through our KYC procedures. Then, they could trade the token with anyone instantly and seamlessly. A token holder who is not our client would need to be registered and go through our KYC procedures in case he/she wants to either take physical delivery of the bullion, or sell the tokens back to us for cash or crypto settlement.

Hello, dear @Orocrypt!

Interesting news. I'm glad to read that you have resumed the project. But a few questions arose:

1) Why do not you update the topic of this thread?
2) Why do not you publish detailed information about the tokensale?
3) Have you forgotten about hunters? Or did I miss the promised lottery?
4) Do you start a new bounty campaign?

Thanks for the clarification in advance!

Kind regards!

[Orocrypt]

Our gold token OCG is operational and registered in the Ethereum blockchain and our website is ready for operations. Clients can now register and buy OCG gold tokens after going through our approval process. Please see our AML/KYC document tha can be downloaded from https://orocrypt.com/static/docs/kyc_alm_english.pdf

Please note that our gold token is only available from our website orocrypt.com and after the client has registered and been approved. 

The token Smart Contract can be seen at etherscan.io or ethplorer.io by entering  its symbol OCG Orocrypt Gold Token. The OCG token represents the ownership of 30 g of LBMA compliant bullion gold held at the vaults of OZL in Liechtenstein AG, Swiss Gold Safe in Switzerland or Byzantium in the Cayman Islands.

The OCG token offers gold investors a safe method to digitize bullion gold, convertible on demand. It is compatible with all Ethereum wallets allowing for direct P2P transfers. Initial investors will need to go through our KYC procedures. Then, they could trade the token with anyone instantly and seamlessly. A token holder who is not our client would need to be registered and go through our KYC procedures in case he/she wants to either take physical delivery of the bullion, or sell the tokens back to us for cash or crypto settlement.

Hello, dear @Orocrypt!

Interesting news. I'm glad to read that you have resumed the project. But a few questions arose:

1) Why do not you update the topic of this thread?
2) Why do not you publish detailed information about the tokensale?
3) Have you forgotten about hunters? Or did I miss the promised lottery?
4) Do you start a new bounty campaign?

Thanks for the clarification in advance!

Kind regards!

Hello.  Thanks for asking,

1) Why do not you update the topic of this thread?  We do not yet have any staff to take care of PR.  You know our ICO didn't reach the minimum, so we refunded most of the investors.  The business continued funded privately and by the founders.  We will start hiring for PR and marketing in the near future, so this thread will get the attention that it must have.  So far our efforts and money have been focused on getting our technology and legal status right. 
 
2) Why do not you publish detailed information about the tokensale?  It is not a tokensale or ICO.  It is our ongoing operating business.  There is no minimum or maximum.  Neither there is a time deadline.  Just as Tether issues more tokens when more people buy dollars, we will issue more gold tokens when our investors buy more gold.  As long as the business goes on, we will sel gold tokens for the market price of 30 grams of gold plus our fees, and we will buy them back at the market price flat.

3) Have you forgotten about hunters? Or did I miss the promised lottery?  Not at all!  We will have the lottery for the bounty hunters that helped with the ICO a year ago.  Again, it is a question of resources and hiring the personnel that can work on it.

4) Do you start a new bounty campaign? No.  As said, this is an ongoing business.  Every working day we are ready to sell and buy the OCG gold tokens, whether their volume is 1 or 10000.  We immediately buy bullion gold, so always each OCG is backed by 30 grams of fine gold.  For those who want to sell, we buy them back at the then market price of gold and send the sold OCG to the burning address.  So each OCG's value is always the value of 30 grams of gold.

[Orocrypt]

Our gold token OCG is operational and registered in the Ethereum blockchain and our website is ready for operations. Clients can now register and buy OCG gold tokens after going through our approval process. Please see our AML/KYC document tha can be downloaded from https://orocrypt.com/static/docs/kyc_alm_english.pdf

Please note that our gold token is only available from our website orocrypt.com and after the client has registered and been approved. 

The token Smart Contract can be seen at etherscan.io or ethplorer.io by entering  its symbol OCG Orocrypt Gold Token. The OCG token represents the ownership of 30 g of LBMA compliant bullion gold held at the vaults of OZL in Liechtenstein AG, Swiss Gold Safe in Switzerland or Byzantium in the Cayman Islands.

The OCG token offers gold investors a safe method to digitize bullion gold, convertible on demand. It is compatible with all Ethereum wallets allowing for direct P2P transfers. Initial investors will need to go through our KYC procedures. Then, they could trade the token with anyone instantly and seamlessly. A token holder who is not our client would need to be registered and go through our KYC procedures in case he/she wants to either take physical delivery of the bullion, or sell the tokens back to us for cash or crypto settlement.

Hello, dear @Orocrypt!

Interesting news. I'm glad to read that you have resumed the project. But a few questions arose:

1) Why do not you update the topic of this thread?
2) Why do not you publish detailed information about the tokensale?
3) Have you forgotten about hunters? Or did I miss the promised lottery?
4) Do you start a new bounty campaign?

Thanks for the clarification in advance!

Kind regards!

Hello.  Thanks for asking,

1) Why do not you update the topic of this thread?  We do not yet have any staff to take care of PR.  You know our ICO didn't reach the minimum, so we refunded most of the investors.  The business continued funded privately and by the founders.  We will start hiring for PR and marketing in the near future, so this thread will get the attention that it must have.  So far our efforts and money have been focused on getting our technology and legal status right. 
 
2) Why do not you publish detailed information about the tokensale?  It is not a tokensale or ICO.  It is our ongoing operating business.  There is no minimum or maximum.  Neither there is a time deadline.  Just as Tether issues more tokens when more people buy dollars, we will issue more gold tokens when our investors buy more gold.  As long as the business goes on, we will sel gold tokens for the market price of 30 grams of gold plus our fees, and we will buy them back at the market price flat.

3) Have you forgotten about hunters? Or did I miss the promised lottery?  Not at all!  We will have the lottery for the bounty hunters that helped with the ICO a year ago.  Again, it is a question of resources and hiring the personnel that can work on it.

4) Do you start a new bounty campaign? No.  As said, this is an ongoing business.  Every working day we are ready to sell and buy the OCG gold tokens, whether their volume is 1 or 10000.  We immediately buy bullion gold, so always each OCG is backed by 30 grams of fine gold.  For those who want to sell, we buy them back at the then market price of gold and send the sold OCG to the burning address.  So each OCG's value is always the value of 30 grams of gold.

And the project was never stopped 

[Orocrypt]

A reward for our early investors: The first five million euros invested in our OCG gold backed tokens will have free storage for the next three years. Current gold market prices of 30 grams of gold at EUR 1.063,68 translate into the first 4837 tokens sold.  Please consider that if the gold price rises, the storage free tokens will decline because the OCG token value will increase.  Conversely, if the market price of gold declines, the number of storage free tokens will increase.  1 OCG = 30 grams of gold = the market price of gold.   

[opium]

A reward for our early investors: The first five million euros invested in our OCG gold backed tokens will have free storage for the next three years. Current gold market prices of 30 grams of gold at EUR 1.063,68 translate into the first 4837 tokens sold.  Please consider that if the gold price rises, the storage free tokens will decline because the OCG token value will increase.  Conversely, if the market price of gold declines, the number of storage free tokens will increase.  1 OCG = 30 grams of gold = the market price of gold.   

That's cool. I'm glad you're back. To tell the truth, I liked your idea a year ago and I was a little upset when you said that you did not collect the minimum amount and suspend the project. I'm sure that this time everything will turn out for you, for sure this year has not gone in vain for you. Good luck and patience to you guys.

[luksbit]

Our gold token OCG is operational and registered in the Ethereum blockchain and our website is ready for operations. Clients can now register and buy OCG gold tokens after going through our approval process. Please see our AML/KYC document tha can be downloaded from https://orocrypt.com/static/docs/kyc_alm_english.pdf

Please note that our gold token is only available from our website orocrypt.com and after the client has registered and been approved. 

The token Smart Contract can be seen at etherscan.io or ethplorer.io by entering  its symbol OCG Orocrypt Gold Token. The OCG token represents the ownership of 30 g of LBMA compliant bullion gold held at the vaults of OZL in Liechtenstein AG, Swiss Gold Safe in Switzerland or Byzantium in the Cayman Islands.

The OCG token offers gold investors a safe method to digitize bullion gold, convertible on demand. It is compatible with all Ethereum wallets allowing for direct P2P transfers. Initial investors will need to go through our KYC procedures. Then, they could trade the token with anyone instantly and seamlessly. A token holder who is not our client would need to be registered and go through our KYC procedures in case he/she wants to either take physical delivery of the bullion, or sell the tokens back to us for cash or crypto settlement.

And one doubt, those who helped publicize the project by participating in bounty campaigns, will those still be compensated in any way?

[Orocrypt]

Update.  You are probably receiving multiple messages and emails about accepting new terms about the European General Data Protection Regulation (GDPR).  The good news is that you do not need to do anything about your data at Orocrypt.  We do not sell or share your registered data or use externally in any way.  Our registered users are protected by the Panamanian privacy regulations.
For behaviour statistics, and business intelligence we use the service by
Google LLC (" Google Analytics ​"), a company located in the United States. Data that we may provide to Google Analytics may include your IP address and that data is used by Google Analytics to generate information about your usage of our service.  We do not pass this information to any parties.  Google's privacy policy is available at:  https://www.google.com/policies/privacy/ .
The law requires us to tell you about your rights and our obligations to you in regards to the processing and control of your personal data. We do this now, by requesting that you read the information provided at www.knowyourprivacyrights.org.

We only use your Personal Information for the following purposes:
    To manage and administer our Platform;
    To improve your browsing experience by personalising the Platform;
    To enable you to use the Platform;
    To deal with enquiries, complaints, and feedback from you and our service providers;
     To publish generic transactional information relating to trades undertaken using the Orocrypt platform;
    To perform compliance checks; to prevent fraud; to send you emails; and to analyse and improve the services offered on the Platform.

Except to the extent required by any applicable Panamanian law, We will not disclose your Personal Information to any third party other than to a service provider to whom we are required to disclose database information in order for them to provide their services to Us, ie: our server and backup providers.

Under GDPR, any business that has access to personally identifiable information given to another business is considered a Data Processor. GDPR states that Data Processors need a Data Protection Addendum (DPA) with their customers. Orocrypt does not give or share clients information to any other business whatsoever, therefore Orocrypt is not a Data Processor.

Our client's data is protected by Panama's privacy law and not shared with anyone outside our hosting server provider, our devs and our management!  Period!

[Quarkico]

The coins will act as a digitalized real precious metal is definitely an advantage for any investor cautious about any crashes or price going down. However, I'm not sure if they do anything revolutionary. There are already ordinary ways of purchasing metals, and many other better organized and designed ICOs dealing with this matter.

[gaseousrespectaa]

OROCRYPT are projects that I'm interested. The leading products of you very well and are appreciated

[Orocrypt]

To the best of our knowledge, our OCG gold token is the ONLY gold backed token 100% correlated to the gold market price.  Also the ONLY one where when taking physical delivery of gold you don't need to be in person at the vault.