[ANN][PRE-ICO]GID COIN - World-First Cryptocurrency covered by Diamonds and Gold

[gidcoin]

if I see your partners joining in, I feel it will be a good project
we will see when main ico start if good progres i will join there.

Thank you! Hope to see you among our investors!

[Dump3er]

It is an interesting product have, but in the end you still have to rely on the banking system, which is something that crypto to some degree is meant to avoid. What are the escrow fees banks charge for storing the diamonds?

That's why we are starting business in Switzerland, where FINMA somehow regulates the crypto and the transactions.

Yes, there are some problems with Diamonds. Banks don't like them, cause it takes time to evaluate them correctly. The scale of Rapaport is big enough so the escrow fees differ. For small stones we pay, for bigger stones some banks ready to pay themselves to us, if stones are extraordinally or they are interested in them to enhance their portfolio. That's why we are mixing diamonds with gold, cause banks like gold very much.

For the first steps Gold will be stored in Swiss banks (UBS and Credit Suisse), diamonds will be at Santander and JP Morgan. They are more interested in storing diamonds in their vaults. At the next steps Swiss banks will be ready to go with diamonds, when Gold & Diamonds SA (New company for GID Coin) will get good profile with gold.

The plan is to tokenize diamonds and gold, put the underlying diamonds and gold in escrow, generate a certificate and let the tokens trade freely on the market?

Yes, correct. If you can check the WP – you see the plan-scheme and formula of working: ½ of funds are always in operations. Another ½ secured in vaults as a back up of the token. Real business is working, annually brings new assets to the vault, company makes revealing of secured products and the price of it on quarterly, then monthly basis. So everyone knows how much Coin costs. Additional value to the Coin can be given by high demand or speculation of exchanges. Btw, everyone know the real price of Coin

Certificates aren't as beautiful as the diamonds themselves I know when it comes to oil it's normal to trade certificates, but don't people who trade diamonds rather want those diamonds be physically present?

I think that I missedunderstood your termin "Certificate" in this issue. All assets will be real, touchable (I wish to conclude with banks to make a tour for the biggest investors to the vaults 1 time per month) and fully owned by the company, so it means that capitalization of the GID Coin company will be fully backed by Diamonds and Gold in vaults, cause exactly this assets will give possibility to take overdraft for business, to back Coin and to go to IPO.

They will be real, but they won't be in the hands of their investors. They are stored in a safe in a bank. What if I am in another country and want to sell my diamonds right in that moment? Can I transfer a certificate to someone else?

So just sell you coin to somebody or exchange it to fiat. As I told you earlier - we will publish on quarterly basis the minimum cost of the Coin. So exchanges will focus on it, it can be higher only if will be high demand or immediate changes on gold or diamond market.

That means while I hold a certificate I can't be absolutely sure that the bank lives up to its promises and safeguards the underlying?

[zc696765]

very good project 。 i can reserved for advertisement。

[gidcoin]

It is an interesting product have, but in the end you still have to rely on the banking system, which is something that crypto to some degree is meant to avoid. What are the escrow fees banks charge for storing the diamonds?

That's why we are starting business in Switzerland, where FINMA somehow regulates the crypto and the transactions.

Yes, there are some problems with Diamonds. Banks don't like them, cause it takes time to evaluate them correctly. The scale of Rapaport is big enough so the escrow fees differ. For small stones we pay, for bigger stones some banks ready to pay themselves to us, if stones are extraordinally or they are interested in them to enhance their portfolio. That's why we are mixing diamonds with gold, cause banks like gold very much.

For the first steps Gold will be stored in Swiss banks (UBS and Credit Suisse), diamonds will be at Santander and JP Morgan. They are more interested in storing diamonds in their vaults. At the next steps Swiss banks will be ready to go with diamonds, when Gold & Diamonds SA (New company for GID Coin) will get good profile with gold.

The plan is to tokenize diamonds and gold, put the underlying diamonds and gold in escrow, generate a certificate and let the tokens trade freely on the market?

Yes, correct. If you can check the WP – you see the plan-scheme and formula of working: ½ of funds are always in operations. Another ½ secured in vaults as a back up of the token. Real business is working, annually brings new assets to the vault, company makes revealing of secured products and the price of it on quarterly, then monthly basis. So everyone knows how much Coin costs. Additional value to the Coin can be given by high demand or speculation of exchanges. Btw, everyone know the real price of Coin

Certificates aren't as beautiful as the diamonds themselves I know when it comes to oil it's normal to trade certificates, but don't people who trade diamonds rather want those diamonds be physically present?

I think that I missedunderstood your termin "Certificate" in this issue. All assets will be real, touchable (I wish to conclude with banks to make a tour for the biggest investors to the vaults 1 time per month) and fully owned by the company, so it means that capitalization of the GID Coin company will be fully backed by Diamonds and Gold in vaults, cause exactly this assets will give possibility to take overdraft for business, to back Coin and to go to IPO.

They will be real, but they won't be in the hands of their investors. They are stored in a safe in a bank. What if I am in another country and want to sell my diamonds right in that moment? Can I transfer a certificate to someone else?

So just sell you coin to somebody or exchange it to fiat. As I told you earlier - we will publish on quarterly basis the minimum cost of the Coin. So exchanges will focus on it, it can be higher only if will be high demand or immediate changes on gold or diamond market.

That means while I hold a certificate I can't be absolutely sure that the bank lives up to its promises and safeguards the underlying?

Hmm ) I think if we are talking about UBS, Credit Suisse, JP Morgan, Santander and Deutsche banks you can be sure that all promises are real. Maybe you can't ask me to give you diamonds or gold which equal to amount of your token, but also you can't come to Fortnox or any other Central bank of the country and claim your gold)). We can buy back your token or help you to sell it. You have to understand, that yet I can't legally connect gold and diamonds with crypto, cause there is no such a law. But I can give you minimum price of the token according to my assets in vaults.

[Haekat]

If the dev team do more interview session, with Q&A sessions giving the bounty team more resources to post, it will go a long way to improve PR activities.

[gidcoin]

If the dev team do more interview session, with Q&A sessions giving the bounty team more resources to post, it will go a long way to improve PR activities.

It can be done, but we don't see any questions here. If our thread will be full of questions - we will do the webinar with pleasure!

[MandexTer]

ЖИД кoин - этo тaкoй oдeccкий юмop, чтo-ли?

[gidcoin]

ЖИД кoин - этo тaкoй oдeccкий юмop, чтo-ли?

I think it's better to check you English pronunciation. We have nothing in common with Ukraine and its humor.

[gidcoin]

The key object that in the future it has guarantee the development of the business.
 Good luck guys.

Thank you! hope to see you among our investors!

[gidcoin]

Boom! Your rating was updated https://icoholder.com/en/gid-coin-21631 🔥 . Congratulations!

Thanks alot!

[Gostik]

 I'm intrigued by the fact that this project will make the international currency covered by the two most precious commodities in the world, equipped and secured by Blockchain.

[Love1989]

it is clear this will be a great project. clear project flow, transparent road map and already partnering with international banks would be an attraction for investors. success for your token sales, good luck reaching the target.

[gidcoin]

it is clear this will be a great project. clear project flow, transparent road map and already partnering with international banks would be an attraction for investors. success for your token sales, good luck reaching the target.

Thank you!

[Dump3er]

It is an interesting product have, but in the end you still have to rely on the banking system, which is something that crypto to some degree is meant to avoid. What are the escrow fees banks charge for storing the diamonds?

That's why we are starting business in Switzerland, where FINMA somehow regulates the crypto and the transactions.

Yes, there are some problems with Diamonds. Banks don't like them, cause it takes time to evaluate them correctly. The scale of Rapaport is big enough so the escrow fees differ. For small stones we pay, for bigger stones some banks ready to pay themselves to us, if stones are extraordinally or they are interested in them to enhance their portfolio. That's why we are mixing diamonds with gold, cause banks like gold very much.

For the first steps Gold will be stored in Swiss banks (UBS and Credit Suisse), diamonds will be at Santander and JP Morgan. They are more interested in storing diamonds in their vaults. At the next steps Swiss banks will be ready to go with diamonds, when Gold & Diamonds SA (New company for GID Coin) will get good profile with gold.

The plan is to tokenize diamonds and gold, put the underlying diamonds and gold in escrow, generate a certificate and let the tokens trade freely on the market?

Yes, correct. If you can check the WP – you see the plan-scheme and formula of working: ½ of funds are always in operations. Another ½ secured in vaults as a back up of the token. Real business is working, annually brings new assets to the vault, company makes revealing of secured products and the price of it on quarterly, then monthly basis. So everyone knows how much Coin costs. Additional value to the Coin can be given by high demand or speculation of exchanges. Btw, everyone know the real price of Coin

Certificates aren't as beautiful as the diamonds themselves I know when it comes to oil it's normal to trade certificates, but don't people who trade diamonds rather want those diamonds be physically present?

I think that I missedunderstood your termin "Certificate" in this issue. All assets will be real, touchable (I wish to conclude with banks to make a tour for the biggest investors to the vaults 1 time per month) and fully owned by the company, so it means that capitalization of the GID Coin company will be fully backed by Diamonds and Gold in vaults, cause exactly this assets will give possibility to take overdraft for business, to back Coin and to go to IPO.

They will be real, but they won't be in the hands of their investors. They are stored in a safe in a bank. What if I am in another country and want to sell my diamonds right in that moment? Can I transfer a certificate to someone else?

So just sell you coin to somebody or exchange it to fiat. As I told you earlier - we will publish on quarterly basis the minimum cost of the Coin. So exchanges will focus on it, it can be higher only if will be high demand or immediate changes on gold or diamond market.

That means while I hold a certificate I can't be absolutely sure that the bank lives up to its promises and safeguards the underlying?

Hmm ) I think if we are talking about UBS, Credit Suisse, JP Morgan, Santander and Deutsche banks you can be sure that all promises are real. Maybe you can't ask me to give you diamonds or gold which equal to amount of your token, but also you can't come to Fortnox or any other Central bank of the country and claim your gold)). We can buy back your token or help you to sell it. You have to understand, that yet I can't legally connect gold and diamonds with crypto, cause there is no such a law. But I can give you minimum price of the token according to my assets in vaults.

Yes but that still means that there will always be a good amount of trust involved in the business relationship.

[gidcoin]

It is an interesting product have, but in the end you still have to rely on the banking system, which is something that crypto to some degree is meant to avoid. What are the escrow fees banks charge for storing the diamonds?

That's why we are starting business in Switzerland, where FINMA somehow regulates the crypto and the transactions.

Yes, there are some problems with Diamonds. Banks don't like them, cause it takes time to evaluate them correctly. The scale of Rapaport is big enough so the escrow fees differ. For small stones we pay, for bigger stones some banks ready to pay themselves to us, if stones are extraordinally or they are interested in them to enhance their portfolio. That's why we are mixing diamonds with gold, cause banks like gold very much.

For the first steps Gold will be stored in Swiss banks (UBS and Credit Suisse), diamonds will be at Santander and JP Morgan. They are more interested in storing diamonds in their vaults. At the next steps Swiss banks will be ready to go with diamonds, when Gold & Diamonds SA (New company for GID Coin) will get good profile with gold.

The plan is to tokenize diamonds and gold, put the underlying diamonds and gold in escrow, generate a certificate and let the tokens trade freely on the market?

Yes, correct. If you can check the WP – you see the plan-scheme and formula of working: ½ of funds are always in operations. Another ½ secured in vaults as a back up of the token. Real business is working, annually brings new assets to the vault, company makes revealing of secured products and the price of it on quarterly, then monthly basis. So everyone knows how much Coin costs. Additional value to the Coin can be given by high demand or speculation of exchanges. Btw, everyone know the real price of Coin

Certificates aren't as beautiful as the diamonds themselves I know when it comes to oil it's normal to trade certificates, but don't people who trade diamonds rather want those diamonds be physically present?

I think that I missedunderstood your termin "Certificate" in this issue. All assets will be real, touchable (I wish to conclude with banks to make a tour for the biggest investors to the vaults 1 time per month) and fully owned by the company, so it means that capitalization of the GID Coin company will be fully backed by Diamonds and Gold in vaults, cause exactly this assets will give possibility to take overdraft for business, to back Coin and to go to IPO.

They will be real, but they won't be in the hands of their investors. They are stored in a safe in a bank. What if I am in another country and want to sell my diamonds right in that moment? Can I transfer a certificate to someone else?

So just sell you coin to somebody or exchange it to fiat. As I told you earlier - we will publish on quarterly basis the minimum cost of the Coin. So exchanges will focus on it, it can be higher only if will be high demand or immediate changes on gold or diamond market.

That means while I hold a certificate I can't be absolutely sure that the bank lives up to its promises and safeguards the underlying?

Hmm ) I think if we are talking about UBS, Credit Suisse, JP Morgan, Santander and Deutsche banks you can be sure that all promises are real. Maybe you can't ask me to give you diamonds or gold which equal to amount of your token, but also you can't come to Fortnox or any other Central bank of the country and claim your gold)). We can buy back your token or help you to sell it. You have to understand, that yet I can't legally connect gold and diamonds with crypto, cause there is no such a law. But I can give you minimum price of the token according to my assets in vaults.

Yes but that still means that there will always be a good amount of trust involved in the business relationship.

Basically all crowdfundings (not only ICOs) - have good amount of trust involved.

[konohlo]

looks will be a great and profitable project. protected by the real assets of diamonds and gold, and insured in bank safes will make investors more trust and invest. success for your token sale and I hope to participate in your bounty campaign.

[gidcoin]

looks will be a great and profitable project. protected by the real assets of diamonds and gold, and insured in bank safes will make investors more trust and invest. success for your token sale and I hope to participate in your bounty campaign.

Welcome to bounty - https://bitcointalk.org/index.php?topic=4685008%F0%9F%8E%81

[CryptoStills]

GID Coin is listed on CryptoStills

Coming in at a Silver podium position

• Full project presentation
• Full media linking
• Continuous Twitter news updates
• Moderated discussions

[Katysgysa]

I see a successful pre-sale period. Congrats to the GidCoin team.
GidCoin offers Investments to tokens GidCoin is very profitable because it is protected by real assets, which are guaranteed and insured.

[Arrrvin]

The GidCoin ANN has been translated into Dutch and can be found at: https://bitcointalk.org/index.php?topic=4795414