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Author Topic: [ANN] [ICO] GRAMGOLD (GGT) TOKEN - TOKEN SALE BEGINS 18/02 2018  (Read 497 times)
benign01
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February 09, 2018, 07:35:25 AM
Last edit: March 05, 2018, 06:01:37 PM by benign01
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Announcing the Gramgold (GGT) Token[/url]

Gramgold Token (GGT) contract address  https://etherscan.io/token/0x92d1dedb17626cad8a32a36083aec4f19325e474
Do not send payments to the contract address
Payments to 0x45f8967279eEd2FdB139161859BA36ef53ead4F7

 
"Buy Gold For Less, Sell Gold for More.."
" Not just an ERC20 token backed by Gold and a Global Gold Asset

Decentralised Trading Plaform based on blockchain technology & cryptocurrency...

Its a Gold Exchange, a Gold Vault, Gold ATMs

(to be sited in shopping centres around the Globe) and a Foundation...

..all by a UK Precious Metals Processing Company, Birmingham Gold Company"


Revolutionizing Gold Markets, Globally!
"Why should you care?  Because you, like most people, have probably paid too much when you bought Gold and when you've sold it, got far too little back. ...We're going to change that. Use GramGold & Cryptocurrencies to buy, sell & exchange Gold"

Executive Statement
Consumers globally are selling their gold for far too little and buying it, if and when they can, at far too high a price, thanks to greedy middlemen, unfair & unscrupulous dealers and manipulated exchange markets. We are going to change all that.  
The GramGold project  https://www.gramgold.net is a unique proposition in the world of cryptocurrency today. It’s not just an ERC20 token backed by Gold and a Global Gold Asset Trading Platform based on blockchain technology and cryptocurrency, It’s a lot more besides, as this whitepaper will show."
GGT 10% Backed By Gold Limited to 20,000 GGT per purchaser
We have been asked two questions, several times, leading up to the publication of this white paper. Firstly, why we are backing our ERC20 token (GGT) with 10% Gold to begin with, (when you buy our token you get 10% extra in gold free, in a vault), and secondly why we are limiting the ICO/Token Sale to a maximum of 20,000 GGT per purchaser.
Firstly, we do not believe currently that any crypto asset can be 100% backed by gold and any claims to the contrary should be examined very closely, given costs such as trading & exchange fees, storage costs commissions etc. Even more relevant is the fact Cryptocurrency is far less stable at the moment than Gold. We are currently offering 10% backed by gold, but in the future, we hope to be offering 50% and then up to 95% backed by gold. It all depends on the strength of our token after sale. It is not possible nor feasible to start at 100% backed by gold.
Our token would enable the global consumer to buy and store physical gold with us from anywhere that is allowed in the world. This might not be a big issue for affluent people with large disposable income and access to gold exchanges and bullion vaults in their locality BUT for those that can only buy gold at a ridiculous premium or not at all, due to lack of facilities etc. we have just the answer. It is to these consumers that we wish to appeal, which is why, to answer the second question, we have limited the supply of GGT Tokens to 20,000 per purchaser. We do not want whales. We want the person in the street to benefit, not the centralized powers. Isn't that partly what blockchain should be about?
GramGold The Bigger Picture
But Gramgold is far more than just a token. There are several serious and pervasive problems to be addressed in the global marketplace for gold and precious metals and the GramGold token GGT helps to solve them all.
90% of the recycled supply of gold comes from the consumer (not industrial scrap) i.e. when the consumer sells their jewellery/scrap. We have proof that from this $50 billion industry the consumer, through overlong supply chains filled with many rogue middlemen, gets short-changed to the tune of some $33 billion (see appendix 2) taking money from the pockets of those who need it and away from the local economy, having an impact on local revenue and employment.  
The second issue is one we have just touched upon. Purchasers all over the world are often paying far too much for gold bullion bars and coins. We can estimate that consumers waste over $2 billion per annum of their assets either through paying too much for their gold bars and coins or through getting scammed as well as being physically mugged etc.
The third issue is one of Gold markets. Current Precious metals exchanges also cause consumer losses with often-cited accusations of fraud and manipulation. Even the Federal reserve and large Banks have been accused of manipulating prices.
Solutions
We have outlined the problems faced. We have four solutions to these issues.
The GramGold Token GGT
The GramGold token (GGT) is a custom token developed on the Ethereum blockchain as an ERC-20 Token. This has a twofold function. The first is that it can be bought at any time and is 10% backed by Gold, via the Augram scheme. It can then be used to buy gold at preferential rates. The second function of the Gramgold token is to fund the other 3 initiatives we intend to launch to combat the problems we all face when we buy and sell gold and precious metals.

The Augram Scheme
The Augram scheme Initially will facilitate the ownership of gold to our purchasers at correct, not over-inflated market prices but ultimately will enable consumers globally to buy, sell & store gold using a basket of cryptocurrency leading to the creation of a blockchain backed precious metals exchange to eliminate fraud leveraging and gold market manipulation in current exchanges.
Not only will it provide the small purchaser with the ability to buy and secure gold at the right price and store it online securely, it will enable them to trade gold and other precious metals in a non-manipulated decentralized exchange via a basket of cryptocurrencies.
By setting up our own decentralised precious metals market exchange platform we would re-move the risk of market manipulation from purchasers/consumers. We will eliminate fraud lever-aging and market manipulation by having a decentralised exchange being fed and aggregating live global market prices.

The GramGold ATM
We are developing the GramGold ATM to ensure the customer gets the right price when selling physical Gold for recycling i.e. jewellery & scrap. The ATM will also allow for purchases of gold bullion via our Augram scheme either via bank account transfer, cryptocurrency or the swap of scrap for bullion.
The GramGold Foundation
The GramGold Foundation (The GGF) will not only promote the GramGold ATM and good buying/selling practices globally, it will also provide training, and support to candidates selected to maintain the GramGold ATM.
Please consider this consumer project which we believe will revolutionize not only the gold & precious metals recycling industries but also current trading platforms.


TOKEN SALE

TOKEN SALE BEGINS 18/02/2018

TOKEN SALE ENDS 01/04/2018

We have set our token sale at a level to reflect these aims.

Total token supply: 1,000,000,000 GramGold Tokens

50% of the tokens will be distributed to ICO participants
10% of the tokens will be allocated for the Team,
35% Reserve Fund
5% Bounty

Token Price

The price for the GramGold token will be logically set at 1% of the live price of pure gold as at 01/02/2018 0700 hours GMT ($43.12) This equals $0.4312. This equates to 0.000375 eth (at coinmarketcap’s price at the same date and time)  

10% Pure Gold Free to All Direct Purchaser of the GGT

Whenever the GramGold token (GGT) is bought or invested in, via direct purchase from GramGold (as opposed to trading it in pairs on a platform) the buyer receives 10% percent to the
value of their purchase in the form of gold, free of charge via our AuGram scheme to be stored in an online vault and accounted for, via independent auditors.
Three events take place.
Firstly Any direct purchaser will receive the GramGold (GGT) token sent from us to their wallet. Secondly upon receipt of an email from the purchaser confirming all relevant transaction details we will, within 48 hours of the email, purchase and store for them pure 24 carat certified gold at the rate of 10% of their total token spend for the relevant transaction, converted into dollar equivalent. Gold will be purchased at the relevant LBMA rate for that day. The purchaser pays nothing for the gold which is stored by GramGold in an online vault on behalf of the customer. Thirdly GramGold will deposit the equivalent dollar or sterling value of the gold into a dedicated Bitcoin/Ethereum wallet to ensure that any mass withdrawals of gold are covered.
Example Investor A buys 1000 GGT Tokens with Ether
The transaction costs the buyer 0.1 Ether.
On the day and time the transaction is recorded on the blockchain 0.1 ether was valued at $110. The purchaser sends us an email confirming all relevant transaction details
GramGold buys $11 worth of 24 carat gold at the LBMA price for the day (AM or PM) and stores it for Investor A AND at the same time sends $11 to the GramGold dedicated
Bitcoin/Ethereum wallet to cover the withdrawal if ever requested.
ONLY GOLD CAN BE WITHDRAWN.

Token Cap

Current ICO trends have been to declare both soft and hard caps. We have considered both carefully but have decided that this token sale is to be uncapped for the following reasons;

Soft Cap.

As we are buying and storing gold on behalf of investors at the token sale stage and as we will be undertaking all developments as outlined in this white paper anyway a soft cap is simply redundant in this case. How far we get with our projects will be up to investors.

Hard Cap.

We have no hard cap. Here is why:-
Re. GramGold ATM and the GramGold Foundation The global market for high-value gold recycling is worth $50 billion and our target is to reduce the $23 billion lost to consumers. If we set that as a hard cap it would be laughable. That is why we are not setting a hard cap.
The token sale will begin on the 18/02/2018
Our deadline for the Token Sale to end will be 31/03/18.
Token Limits = maximum 20,000 per investor to ensure that we have global coverage to raise our profile to the consumer wherever they may be.  

BOUNTY


Our Bounty programme begins 23/02/2018 and ends 31/03/2018

"We don't want pumping and to da moons so ........"

Bounties are paid for every time you do ALL the following

Share one of OUR blog posts ie at https://gramgoldblog.com TOGETHER WITH THE LINK TO OUR ICO i.e. https://www.gramgold.net/ico

 AND Join our facebook group  AND our telegram group  


We pay 10GGT tokens for every blog post you share . You can share up to a maximum of 10 times on different social media sites or groups and earn 100 GGT

In order to be paid, please  complete our form here

Bounties will be paid after 31st march 2018

Trading

The GramGold token will be available to be traded in several major cryptocurrencies when the token sale has completed on the 31/03/2018.

We will be looking to launch our GramGold token on some or all the following exchanges;

Etherdelta
Binance
Bittrex
Cryptopia


BGC Tokens

As a test marketing and logistics exercise we launched back in November an experimental token on the waves platform i.e. the BGC token. This has been successful and given us a strong promotional platform.
Once the token sale has been completed holders of this token will be offered an exchange of their existing BGC Tokens to GramGold Token as follows;
As at 06/02/2017 1 bgc = 0.000011 waves. (90,900 BGC = 1 waves)
1 waves = =0.00618 ethereum  
1 eth= 14,708000 BGC
At the GramGold ethereum price i.e. .000375 ether  
5,500 BGC = 1 GramGold
To date 3million BGC tokens have been issued and the largest holder has c5000 tokens.
The BGC Token will be used to incentivize a marketing and promotional programme.  

We hope that you will support our ICO

Website https://gramgold.net/
Whitepaper https://www.gramgold.net/whitepaper
YOUTUBE https://youtu.be/-7IGXUU3TCw
telegram Group https://t.me/gram_gold

Twitter https://twitter.com/birminghamgold

Bitcointalk https://bitcointalk.org/index.php?topic=2908503

Slack https://gramgoldtoken.slack.com/

Facebook https://www.facebook.com/gramgoldtoken/

Steemit https://steemit.com/ico/@bgc/gramgold-ico-14-02-108

Reddit https://redd.it/7wf99d

LinkedIn  https://www.linkedin.com/in/lionel-refson-5608b552/
Youtube Intro Video https://youtu.be/-f6pHc4bKzg

Reddit Again https://www.reddit.com/r/ico/comments/7wzxvq/announcing_the_gramgold_ggt_token/
https://www.reddit.com/r/icocrypto/comments/7x0ms6/announcing_the_gramgold_ico_18022018/

https://gramgold.net/
https://www.birminghamgoldcompany.co.uk
Medium https://medium.com/@birminghamgold/announcing-the-gramgold-ggt-token-45357de8b45



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February 09, 2018, 09:36:15 AM
 #2

This is very ambitious project.
Small player in gold industry against the whole worlds.
What make this project special dev?
From what i know this is the first crypto token based on the real gold projects,whats the benefit for me if i contributed in this project?
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February 09, 2018, 09:58:37 AM
 #3




added your tweet if there is a desire to thank the addresses that you will always find on my page in Twitter   https://twitter.com/Bill_Djons/status/961902008616747008

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February 09, 2018, 10:48:48 AM
 #4

This is very ambitious project.
Small player in gold industry against the whole worlds.
What make this project special dev?
From what i know this is the first crypto token based on the real gold projects,whats the benefit for me if i contributed in this project?


Interesting question. What makes this project special is not just the fact that we have years of industry experience behind us,  its more to do with the demand. All over the world consumers know that when they sell or buy gold they are going to be in for a hard time and be unable to realize anywhere near the true value of their assets (or pay to much for them in the first place)

Our three solutions to this issue ie with our Goldgram ATM, the Augram scheme and the GoldGram Foundation, all funded via our ERC-20 token (GGT),  address each aspect of the problem ie the lack of a local facility to sell gold at the right price, the lack of a facility to buy gold locally at the right price, and  generally the lack of consumer knowledge in the buying and selling gold and precious metals.

We are the first in the marketplace to offer this project. We already have a committed team, not of fancy over-qualified semi-decentrailzed advisers paid to look good on a whitepaper, but rather a focused, globally located  team that really believe in what we are doing .

Investors of our erc-20 token will receive 10% of their investment in the form of gold stored by us in secure vaults, fully insured and audited, enabling us to create a bridge between the decentralized world and the world where gold is still the stable hedge of choice.

So why us ? Tangible solutions to the issues, including an exciting roadmap , a committed team, a token which can only appreciate in value over time (no to da moons here, we envisage a slow but steady start )    what more can we say ??
 
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February 09, 2018, 10:55:37 AM
 #5




added your tweet if there is a desire to thank the addresses that you will always find on my page in Twitter   https://twitter.com/Bill_Djons/status/961902008616747008
Yeah, Add your tweet please. also facebook
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February 09, 2018, 01:11:11 PM
 #6

Amazing concept with the first crypto token based on the gold projects,
This project will certainly enliven the crypto market and there will certainly be many people who will take part in this very promising project,
I support you
And Good luck
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February 09, 2018, 02:06:35 PM
 #7

Amazing concept with the first crypto token based on the gold projects,
This project will certainly enliven the crypto market and there will certainly be many people who will take part in this very promising project,
I support you
And Good luck
Very grateful for the support. yes this is almost a hybrid project forging a link between the crypto world and the world of gold
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February 09, 2018, 06:05:36 PM
Last edit: February 15, 2018, 08:29:21 PM by SeveralQ
 #8

Hi everyone! Just added Gramgold ICO to my website https://concourseq.io/Q/GramGold. ConcourseQ is a collaborative due diligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! PS: If you have any questions about filling in the info, feel free to ask us in our discord group: https://discord.gg/j8RBAwB
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February 09, 2018, 08:45:58 PM
 #9

Hi everyone! Just added GoldGrams ICO to my website https://concourseq.io/Q/GoldGrams. ConcourseQ is a collaborative due diligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! PS: If you have any questions about filling in the info, feel free to ask us in our discord group: https://discord.gg/j8RBAwB
Very grateful but its Gramgold
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February 10, 2018, 09:29:09 AM
 #10

This is a unique project in its own right. I also love its multicultural team makeup. I want to be associated with the promotion of this project. Thanks
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February 10, 2018, 09:53:38 AM
 #11

Bounty[/b][/size]

THE BOUNTY  is as follows but there is only 1 week left

 The GGT BOUNTY Campaign IS AS FOLLOWS
· Facebook Campaign - 500 GGT
· Twitter Campaign - 500 GGT
· Medium Articles - 500 GGT
· BitcoinTalk Reviews - 500 GGT
· Personal Blog Reviews (Must have own domain) - 500 GGT
· Miscellaneous Rewards- 1000 GGT. To be advised via website
To receive their share of Bounty Tokens, all participants will need to send proof of work and their wallet address to    birminghamgoldcompany@gmail.com AND POST ON HERE   All Bounty Tokens will be distributed after the sale. Please note that NO gold is allocated to Bounty Tokens.
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February 10, 2018, 09:59:21 AM
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I see this gramgold project has a clear concept and target work, mission and vision is also strong .. with the concept of the first crypto token based on the gold project, This project will certainly enliven the kripto..saya market think this is a very brilliant idea, I see the team is also very nice and professional with a very interesting and promising idea idea .. i will monitor the progress of this project and i will be happy to participate in this project ... say see this project very potential
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February 10, 2018, 10:05:39 AM
 #13

This is very ambitious project.
Small player in gold industry against the whole worlds.
What make this project special dev?
From what i know this is the first crypto token based on the real gold projects,whats the benefit for me if i contributed in this project?


Interesting question. What makes this project special is not just the fact that we have years of industry experience behind us,  its more to do with the demand. All over the world consumers know that when they sell or buy gold they are going to be in for a hard time and be unable to realize anywhere near the true value of their assets (or pay to much for them in the first place)

Our three solutions to this issue ie with our Goldgram ATM, the Augram scheme and the GoldGram Foundation, all funded via our ERC-20 token (GGT),  address each aspect of the problem ie the lack of a local facility to sell gold at the right price, the lack of a facility to buy gold locally at the right price, and  generally the lack of consumer knowledge in the buying and selling gold and precious metals.

We are the first in the marketplace to offer this project. We already have a committed team, not of fancy over-qualified semi-decentrailzed advisers paid to look good on a whitepaper, but rather a focused, globally located  team that really believe in what we are doing .

Investors of our erc-20 token will receive 10% of their investment in the form of gold stored by us in secure vaults, fully insured and audited, enabling us to create a bridge between the decentralized world and the world where gold is still the stable hedge of choice.

So why us ? Tangible solutions to the issues, including an exciting roadmap , a committed team, a token which can only appreciate in value over time (no to da moons here, we envisage a slow but steady start )    what more can we say ??
 

Sound interesting and promising project you have dev,especially with bonus 10% in gold form,do they have acces to see they gold that stored by yours company?

About that ATM projects,is that ATM will located in secure place?we know ordinary ATM machine getting rob sometimes.How to filled that ATM?who filled that ATM?
From your road map your about to planning put ATM gold at overseas,do you planning for opening other branch too?

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February 10, 2018, 10:09:12 AM
 #14

Looking good project. Hope this will go to the moon soon. Smiley
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February 11, 2018, 07:08:14 AM
 #15

Looking good project. Hope this will go to the moon soon. Smiley
Its not a "to da moon" project. Here is what it is in a nutshell

About GramGold
We are small but successful players in the huge $50 billon per annum non-industrial gold and precious metals recycling industry, with  an ambitious yet practical and achievable plan to revolutionize the gold recycling industry using our custom token the GramGold, (GGT) built upon the Ethereum platform.

$23 billion dollars globally is literally stolen/misappropriated from the average man in the street per annum and 90% of the worlds recycled gold doesn't come from industrial recovery. it actually comes from the sale and scrapping of gold jewellery from the consumer and from the jewellery trade.

We have  3 key solutions using blockchain technology to ensure the next time the consumer buys or sells gold they do it at the right price, i.e. it’s going to protect and increase your assets and  it’s going to help to protect your local economy/community. We intend to  change the face of gold recycling forever with a token that  will be recognized the world over as representing fairness and transparency in all aspects of precious metals  buying and selling.
The solutions are
1/ The GramGold ATM   https://gramgold.net/index.php/the-gramgold-atm
2/The Augram Scheme https://gramgold.net/index.php/the-augram-scheme
3/ The GramGold Foundation https://gramgold.net/index.php/the-gramgold-foundation
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February 11, 2018, 06:30:10 PM
 #16

Revolutionizing the Precious Metals Recycling Industry & Trading Platforms

"The problem is more than $23 Billion is being ripped out of the pockets of the consumer, from people like you & people you know .."

"The solutions are simple; help people to sell gold at the right price, help them to buy gold at the right price & leverage blockchain technology to prevent corruption both in the supply chain and on the markets ..".

Please consider this consumer project which we believe will revolutionize not only the gold & precious metals recycling industries but also current trading platforms

https://www.gramgold.net

GramGold ICO/Token Sale begins 18/02/2018 10% of investment will be stored in gold
The GramGold token (GGT) is a custom token developed on the Etherium blockchain as an ERC-20 Token. Besides being a tradeable asset it will be used to fund The AuGram Scheme, the GramGold ATM and the GramGold Foundation

The AuGram scheme

Initially will facilitate the ownership of gold to our investors at correct, not over-inflated market prices but ultimately will enable consumers globally to buy, sell & store gold using a basket of cryptocurrency leading to the creation of a blockchain backed precious metals exchange to eliminate fraud leveraging

The GramGold ATM

We are developing the GramGold ATM to ensure the customer gets the right price when buying & selling Gold. The only way to reduce the over-long purchse & supply chains

The GramGold Foundation

The GramGold Foundation (The GGF) will not only promote the GramGold ATM and good buying/selling practices globally,it will also provide training, and support to candidates selected to maintain the GramGold ATM
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February 11, 2018, 06:49:53 PM
 #17

Unofficial turnover of gold? Will there be problems with the law? We have such a turnover controlled by the state. How will these kinds of questions be dealt with?
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February 12, 2018, 06:22:01 AM
 #18

Unofficial turnover of gold? Will there be problems with the law? We have such a turnover controlled by the state. How will these kinds of questions be dealt with?

We and you have to abide by all state laws. if your state prevents you from holding gold/cryptocurrency then that is what you and we have to conform to . KYC and AML checks will be made for all applicants. There is no point in attempting to break the laws that govern us all,as you know. 
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February 12, 2018, 10:29:20 AM
 #19


Every 5500 BGC token I get 1 GRAM? So if I buy BGC token on the wallet waves at a good price then I get token GRAM? Did I get it right?


There are many BGC TOKEN for sale at low price ...
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February 12, 2018, 10:36:31 AM
 #20

wanted to pouchavstvovat, but read that NO gold is allocated to Bounty Tokens  Undecided

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