[ANN][ICO] Puregold - First Payment Gateway using GoldBacked cryptocurrency

[puregoldICO]

i took a look and did not notice, what is that gold backed crypto. Is it new? When Are you going to launch it?

Hi,
Puregold.sg was established in 2010 as an e-commerce store selling value-added gold and silver coins and bars. Now we have Pre-ICO which ends on the 6th of January and ICO itself starts on the 15th of January and ends on the 14th of March.

[MoneroMooo]

Sorry, I`m confused, you say PGG is for operations with gold (backed by gold). Does PGG runs on blockchain? What`s the relation between PGG and PGT coin?

project parts supporting each other. the team is successful and diligent. I think they'il be successful. social media is very important in advertising. 

[demidov201]

Hello! And coins at exchanges as i see will not be backed by gold? only PGG is backed by gold, but it will not hit exchanges?

[puregoldICO]

Sorry, I`m confused, you say PGG is for operations with gold (backed by gold). Does PGG runs on blockchain? What`s the relation between PGG and PGT coin?

Hi,
PGG is a crypto asset issued by Puregold that uses the current price of gold set on the LBMA exchange at the time of swap. PGT is a utility token issued by Puregold to be used to pay or offset transaction fees on the Gold-Commerce platform. 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.

[thedarkk]

Hello! Do you have any restrictions with what citizens from which country can't participate?

[puregoldICO]

Hello! Are there some advantages for PGT tokenholders other than token will hit exchanges?

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.
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.
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. During the ICO, Puregold will also announce various partnerships with strategic alliances who are already onboard the PG Gold Commerce and Payment Gateway Platform. These alliances are merchants with products and services who will accept PGT as one of the modes of payment. This will create a strong demand for PGT by more consumers and further expand the PGT ICO subscriber base.

[puregoldICO]

Hello! Do you have any restrictions with what citizens from which country can't participate?

Hi,
Yes, we do. Citizens of the U.S.A. are not allowed to swap for PGT tokens during ICO.

[puregoldICO]

Hello! And coins at exchanges as i see will not be backed by gold? only PGG is backed by gold, but it will not hit exchanges?

Hi,
PGG is fixed to the current price of gold set on the London Bullion Market Association (LBMA). Value depends on amount of gold in storage / circulation.

[puregoldICO]

Good project and I am very interested to participate and join in this project and I have referred many friends to make this project a success and success. I'm curious also how transactions will not be visible via blockchain. any bounty sir?

Hi,
Thank you for the feedback! For now we do not have any bounty programs.

[viktor782]

Will you have any referral systems in place? I think that can help attract people to your project.

[puregoldICO]

Will you have any referral systems in place? I think that can help attract people to your project.

Hi,
For now we are not planning to make any referral systems. Stay in touch with us and you will be apprised.

[rzevskiy]

Hello! What services your platform will be capable of?

[dvs45]

Hello! Very good idea of backing to gold, but on technical side , what are transaction fees and speed in your project?

[puregoldICO]

Hi there! Nice project you have, but what will happen to my contribution, if you do not collect the required amount?

Hi,
We are confident that we will be able to get the amount. In other case, we will continue to launch our PG PAY platform and list on the exchange. The project will go on at a managed pace.

[puregoldICO]

Hello! What services your platform will be capable of?

Hi,
Our aim is to promote international and global acceptance of PG-Pay as a fast transacting and efficient payment method for digital gold transactions. 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 ransferred (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 their efforts. This can now be done in seconds using Gold backed cryptocurrencies via the blockchain for practically zero cost and more securely than ever before.
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. The Gold Commerce Platform will be the decentralized core that interlocks the restricted financial world we live in today with a futuristic Gold economy with limitless and borderless opportunities.
Puregold will take full advantage of this global contactless phenomenon, but instead of using traditional payment cards with fiat currencies, we will use personal smart phones as the medium for digital gold payments. We can skip generations of dedicated development by some of the biggest companies in the world, and adapt that technology to the Gold currency era within months, not decades.

[kutovayaolga]

Hello, guys. Why minimum purchase is 3ETH? This is so much. ETH current rate is more than 1000$. You scare away many potential investors.

[puregoldICO]

Hello, guys. Why minimum purchase is 3ETH? This is so much. ETH current rate is more than 1000$. You scare away many potential investors.

Hello! Yes, but there is bonus 20% for buying on this stage.  During the ICO it will be 0.1 ETH. The 3 ETH amount is the minimum amount of investment during pre-ICO.

[Sem56]

Hello! What services your platform will be capable of?

Hi,
Our aim is to promote international and global acceptance of PG-Pay as a fast transacting and efficient payment method for digital gold transactions. 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 ransferred (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 their efforts. This can now be done in seconds using Gold backed cryptocurrencies via the blockchain for practically zero cost and more securely than ever before.
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. The Gold Commerce Platform will be the decentralized core that interlocks the restricted financial world we live in today with a futuristic Gold economy with limitless and borderless opportunities.
Puregold will take full advantage of this global contactless phenomenon, but instead of using traditional payment cards with fiat currencies, we will use personal smart phones as the medium for digital gold payments. We can skip generations of dedicated development by some of the biggest companies in the world, and adapt that technology to the Gold currency era within months, not decades.

Hello, you mention average cross border transaction fee is 7.45%. What is your estimated fee?

[tolla123]

What components will your platform be supported with?

[puregoldICO]

Hello! What services your platform will be capable of?

Hi,
Our aim is to promote international and global acceptance of PG-Pay as a fast transacting and efficient payment method for digital gold transactions. 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 ransferred (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 their efforts. This can now be done in seconds using Gold backed cryptocurrencies via the blockchain for practically zero cost and more securely than ever before.
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. The Gold Commerce Platform will be the decentralized core that interlocks the restricted financial world we live in today with a futuristic Gold economy with limitless and borderless opportunities.
Puregold will take full advantage of this global contactless phenomenon, but instead of using traditional payment cards with fiat currencies, we will use personal smart phones as the medium for digital gold payments. We can skip generations of dedicated development by some of the biggest companies in the world, and adapt that technology to the Gold currency era within months, not decades.

Hello, you mention average cross border transaction fee is 7.45%. What is your estimated fee?

Payer does not need to pay a transaction fee when paying a merchant or
business entity for products and services, and the exchange rate of gold
vs currency, e.g. Gold/SGD, is at Spot Price.
From Payee’s point of view:
 Payee pays a transaction fee of 1%. This is akin to purchasing gold at 1%
above Spot Price, which is extremely attractive.
Result: A win-win situation for all parties
Many businesses and merchants have indicated keen interest to come onboard the
Gold Commerce Platform to offer their products and services and accept payment
via PG Pay.