A new and verified ERC-20 standard token has been launched, which offers a unique and pioneering payment system.The Project has been compared to Digix in that a vaulting service is offered. However, the Project goes much further, proposing the development of a proprietary platform where those with assets to sell can price them in (literally, as-good-as-gold) gold bullion tokens, directly redeemable for vaulted gold bullion. The savings to asset sellers, and gold bullion fans are exceptional as the Project removes the host of intermediaries currently taking a far too hefty slice of asset exchange deals.
THE WEBSITE ADDRESS: goldbulliontoken.com
The GoldPayProject (GPP) Token address: 0x12426eA2537711b87ADa9FB189C1eCf38ca217B7
Twitter: Gold Bullion Token Project
Facebook: The Gold Bullion Token Project
THE WHITE PAPER can be accessed via its own website page:
http://goldbulliontoken.com/white-paper.htmlBelow, for your perusal, is an abridged version of the full White Paper, drawing attention to the most salient features of this ground-breaking Project....
So, do you have any personal assets you want to sell? Maybe an old watch, camera, mobile phone, jewellery, painting, antique, objet d'art, electronic equipment, Les Paul guitar, classic car?..... Then you will know full well that the local auction house (and its limited audience, many of whom who will have no interest in your item for sale) will typically charge you a 17.5% fee on the lower-than-hoped-for sale price at which your item sold. You could, of course, broaden your potential buyer audience by listing on eBay, where you will be charged a standard 10% fee on any sale, PLUS 3.4% paypal fee, PLUS (just to add insult to injury) a 10% and 3.4% bite out of your p&p charges. How charming!
How would you feel about paying a 1% transaction fee to sell your assets on a brand new platform? And when we say "1% transaction fee" we mean precisely that...there are no hidden charges nor fees tacked on anywhere! Have you ever wanted to sell some assets in order to buy some gold bullion coins or bars? How wonderfully convenient it would be to be able to sell your assets directly for gold bullion. Even put up your assets for sale priced in grams of gold bullion......What an idea! So simple, clean, convenient. The only way that could really be bettered would be if one could have all of that AND walk away with the gold bullion without paying a single penny in transaction fees! But that is clearly just a daydream......No, in fact, we are offering you the opportunity to participate in just such a dream opportunity!
We are convinced we have a business idea which brings immense benefits and advantages to participants, particularly fans of gold bullion. We lay out here our idea, our thinking, free from marketing prettifications and duplicitous persuasions, and invite you to see if that business idea appeals to you......
We believe that our GBT Project will make a major contribution to cryptocurrency payment systems, impacting powerfully to render the experience for our users more reliable, transparent and low-cost, free from ubiquitous and interminable intermediary fees. This business proposal envisages the return of gold bullion to its earliest historic dual role as the most solidly reliable medium of exchange, and store of value and wealth par excellence.
We have for the past decade entertained the concept of initiating a platform which permitted sellers of assets to price those assets in gold bullion. The biggest headaches for our earlier plans arose over the issues of security and privacy. Today those stumbling blocks do not exist, for blockchain technology brings us solutions to the issues which previously scuppered the project. Maximum user security and privacy is the very focal point, the sine qua non of our asset exchange platform project.
We are confident this new initiative, offering as it does the advent of a new paradigm in the trade of private assets for gold bullion, is such a compellingly attractive idea, and would so capture the attention and imagination of the gold and financial communities that it will largely promote itself. Below we give a brief account of the Project's services. goals and unlimited potential. Please take a look at our White Paper page for a more comprehensive account.
THE VISION
Stage 1. Funding the vision. The GoldPayProject Token.
It is vital to the Project's long-term goals that initial funds are procured to enable us to build the infrastructure upon which the fully-completed Project will operate. The final stage 3 envisages the creation and development of our proprietary platform which will serve, uniquely, to facilitate the buying and selling of users' personal assets for the, quite literally and authentically, as-good-as-gold Gold Bullion Token, denominated in grams of gold bullion, every single gram of which is stored in gold bullion alone (no paper gold grams permitted!) in our private vaults. Initial funding is required to meet the costs of vault purchase and storage, company formation, legal expenses, and primarily, in order to recruit the very most skilful team of software developers. To this end, we are launching our own GoldPayProject (GPP) Token.
First and foremost, purchasers of the GoldPayProject Token (GPP) will be at the very pioneering vanguard of founding a wholly unique and ground-breaking service which improves beyond all recognition the terms under which we have all been forced to conduct the trade of personal assets. GPP contributors’ funding of essential infrastructure paves the way for our pioneering initiative and the vast opportunities and benefits it brings to a world of trading assets for gold bullion. It is right then that the GPP Token contain within it valuable and tangible intrinsic rewards, which continue to accrue as the venture is implemented. GPP owners will be exempt from all and any future fees associated with the Project. They will pay no gold bullion storage fees; no platform buyer/seller transaction fees; and no gold bullion delivery fees when exchanging their stage 2 GBT tokens for vaulted gold bullion. These are valuable rewards. GPP owners will buy and sell personal assets on our proprietary platform for the aforementioned 0% transaction fee.
The GPP Token can be purchased at this address:
0x12426eA2537711b87ADa9FB189C1eCf38ca217B7
Stage 2. The GBT token. AS GOOD AS GOLD.
We are excited to introduce the Gold Bullion Token (GBT), our proprietary and primary token, 100% backed by gold bullion. We are offering participants the opportunity to buy GBT on a direct par with the number of grams of gold bullion they would like us to buy and store on their behalf in our vault. Each single GBT token purchased by you in the GBT token sale is met by the precise equivalent number of grams of gold bullion purchased and stored by us. The GBT token is, quite literally, authentically, as good as gold.
Stage 3. The Proprietary Asset-Exchange Platform. Assets priced in GBT (1=1g gold bullion)
The Project's final stage envisions a proprietary trading platform where GBT token holders can elect to participate in the buying and selling of personal assets, 'priced' in the GBT (1xGBT = 1g gold bullion), and the opportunity to exchange their GBTs for the gram/s of vaulted gold bullion they represent. This will be the very first trading platform where individuals' assets for sale are priced uniquely in a gold bullion token, our GBT, and its 100% privately vaulted gold bullion backing!
Since it is proposed that items for sale are priced in GBT tokens, there is no limit to which assets are suitable for listing for sale on our stage 3 platform. This is a unique, ground-breaking initiative affording international users the opportunity to trade assets across geographical borders and for gold bullion payment. The more the business grows, the larger the clientele, and the greater the number and variety of assets available to trade, of course. Such growing client participation implies rapid-growth potential in the use of the GBT platform and the unique function it serves. The potential revenue stream for our service is unlimited.
THE BENEFITS
It is not just that our Project creates an international market place, open 24/7 throughout the world, bringing together a global clientele and an unlimited volume of individuals wishing to store gold bullion in the UK (and beyond) and/or to sell an asset for gold bullion via the ground-breaking GBT initiative.
There are many other benefits to be found in eliminating unnecessary intermediaries and their incessant and insistent fees.
Our unique GBT system of pricing and payment does away with those vast number of intrusive fees, the endless theft of value in the selling of an asset and purchasing gold bullion. What the GBT offers instead is the unique opportunity for a seller to price an asset in grams of gold bullion (the GBT) and a GBT token holder who is prepared to pay for that asset in grams of gold bullion (GBT). A simple transaction free from interminable unnecessary fees and commissions, incurring instead the stunningly low platform transaction fee of just 1% (or, indeed, 0%) of the value of the trade. In today’s world, a 1% single transaction fee is almost inconceivable, so accustomed are we to paying ten or twenty times that 1%. Yet it is the one and only transaction fee which we will take, and it will, additionally, be capped at £5,000. Why would anyone consider selling an asset at auction or on eBay when it can be sold on our asset-exchange GBT platform at such a heavily reduced single transaction fee? Our Project has paradigm-shifting potential at its very core.
We have for many years now been in direct contact with many overseas gold owners who have expressed a deep concern, fear indeed, that their government will act to again introduce a gold bullion confiscation policy. For international participants, the purchase of GBT is precisely the same as storing their gold bullion in our vault in the UK. Our system allows investors to seamlessly divest of gold bullion holdings at home, purchase the GBT, and take direct possession of their GBT gold bullion stored by us in our vaults.
The benefits inherent in the GBT’s robust structure and function can not be underestimated. The GBT is not a paper gold lie; it is the very opposite. It is free from fractional gold bullion banking. It is free from the bullion banking unlimited paper gold supply scheme which renders more than 99% of those paper gold contracts irredeemable for gold bullion. The GBT is an authentically good-as-gold-bullion token. The GBT is gold bullion.
THE PROCESS
As outlined above, we start with the launch of our Project’s GPP Token for the purpose of funding the purchase of gold bullion storage vaults and to employ the very best team of software designers, tasked with creating a state-of-the-art GBT platform. Given the global demographic nature of the clientele we predict will use our GBT platform and its unique function, we understand full well it is of paramount importance that the most talented experts in the field are employed to create a platform operating system which reliably safeguards and protects users' privacy and highly sensitive personal details.
Following hot on the heels of this will come the launch of the GBT sale. Once completed, every penny of the funds received for the purchase of the GBT will be spent on buying and storing gold bullion bars directly equivalent in grams to the number of GBT purchased.
This brings us then to the final stage of our Project. The launch of the ground-breaking GBT platform. It is envisaged that gold bullion owners and advocates will hasten to make use of the opportunity to offer for sale their private assets. This unique capacity provided by the GBT platform affords participants the complete reassurance that the transaction in GBT directly represents ownership of the primary store of wealth and value, gold bullion. We foresee that participants will be deeply attracted by the enormous cut in transaction costs which using our GBT token and platform bring. Our 1% fee for completed GBT platform trades is outstanding value, introducing an ethos of unparalleled fairness in 3rd party transaction fees.
We anticipate that users of the system will, most typically, be selling such relatively popular items as watches, cameras, Art, antiques, etc. At a low transaction fee, and with the additional £5,000 transaction fee cap, our service is a unique and extremely attractive proposition.
We believe that there are vast numbers of potential asset-sellers who would leap at the opportunity to divest (particularly for payment in GBT gold bullion) if only they could find a service providing transparent and low transaction fees. We will provide that unique asset payment opportunity and accompanying low fee service. Our pioneering project will bring this new method of trading and exchanging assets to an international clientele, and we are convinced that the growth potential for this service is exponential and unlimited. We are enthusiastic, and determined to make a success of this venture. We are convinced we have identified how to make the service we will provide benefit from the fertile ground it treads and we are in no doubt that the vast benefits and opportunities at the heart of our Project ensure that our services will be widely-used.
THE FUTURE: UNLIMITED POTENTIAL
Thus far, the business concept has been put to close contacts in the gold bullion community. These include very wealthy individual gold investors and those who have been at the very heart of the gold bullion industry Without fail, the response to our proposal has been both extremely positive and enthusiastic But funds are needed to get this concept off the ground. Hence the GPP Token issue as we seek funding of the Project infrastructure and to employ the very best team to design the very safest, complete privacy assured, trading platform.
We believe that our unique business idea affords an equally unique opportunity for constant and impressive growth. Gold bullion will never relinquish its true role as the store of wealth, at the very core of the international monetary and financial system. Anyone who doubts this, who has swallowed the propagandistic deceits that gold is "useless/inedible/a pretty yellow pet rock," would do well to ask themselves what possible purpose could the central bank system have in retaining gold bullion as its primary reserve asset of choice?
Our hopes and plans for the Project do not end with the successful implementation of the GBT platform. Depending, of course, on the public demand for and participation in the services our ground-breaking initiative provides, we plan to set up vaults in other countries, e.g. Switzerland, and Singapore. Indeed, the potential to expand geographically the gold bullion vaulting service is limitless.
We plan, additionally, to venture into the gold scrap market and gold bullion refining at the earliest possible. We are currently in talks with a major UK gold bullion company about special terms available to us when purchasing large amounts of gold bullion bars. The capacity to refine our own gold bullion bars and coins would, naturally, be a major benefit to the Project.
We will, of course, at all times protect our ground-breaking business project with both legal measures and by ensuring that we retain an unshakeable ethos that any competition will elicit a vigorous and determined response to ensure that we offer a service which rises to all and any challenges by improving on any terms our competitors might offer.
TEAM
The Project has been largely the vision of one man and trusted friends and fellow gold bullion advocates, who have shared it with the greatest gold market thinkers, and gold bullion owners, big and small. Every one of those sources has been most insistent in encouraging us to pursue this Project and to bring the opportunities herein to the gold bullion investing public.
There is, as yet, no team of business advisors, marketing and advertising experts, and software development geniuses. I am told that the team is a critical part of the marketing campaign and vital part of the white paper. I confess I don't really understand very well why that should be the case. We have no interest in participating in an artificial, shiny presentation marketing campaign, nor in painting prettily-coloured pie-charts detailing what percentage of funds contributed to building the Project will be filling the pockets of marketers and other schmoozers. This is our and your Project and we are not putting it in the hands of exploitative agencies. We will deploy all founder funds directly to build the necessary infrastructure, purchase the vaults and hire top software engineers to ensure our GBT platform guarantees participants’ safety and privacy. For us, our innovative, ground-breaking Project, and the services it provides, does not need seductive marketing tools. Our proposal's qualities and inherent and natural appeal speak loudly for themselves, and we are happy to have the Project judged by its capacity to interest future participants on the basis of the services proffered and the idea alone. You are invited to join us, and work together with us to make this innovative vision become a reality.
