GBC's book building has started. From now on, over a period of 13 days, we will
accept your orders for Gold Backed Coins. You can submit your order here:
http://www.gbc.is/order We will now give you some information that might be of interest to you. First, we
will sum up the most important advantages that GBC offers over other altcoins and
over gold. Then you will be offered information about what will happen after the
book building.
What are the most important advantages of GBC compared to other altcoins? - While the value of most other altcoins is based on nothing but sheer hope, GBC
is secured by physical gold. Because of the full gold backing of 1/10 of an ounce
of gold per coin, the real value of one GBC cannot drop below its gold backed
value.
- In case the market price of GBC on the GBC/BTC market were to drop below the
backed value and no other investor were interested in buying the coins for less
than the value they inherently hold, GBC would intervene on the market and buy
back the coins.
- While your investment is safe downwards due to GBC's price guarantee, the price
of Gold Backed Coins can rise wherever the market goes. This will be beneficial
for all investors, especially for those who buy their GBC during the book
building at an early stage.
- In the future we will provide proof of the amount of gold deposited.
Furthermore, you can watch the amount of GBC issued on the Ripple Graph.
What are the most important advantages of GBC compared to physical gold? - You can convert GBC to other real or virtual currencies quickly and easily
whenever prospective buyers and sellers meet on a market within the Ripple
network. Changing GBC into fiat money is also much cheaper than changing gold
into fiat money.
- You can earn money when the market price of the coin rises (and of course, when
the price of gold rises.) Looking at the dynamic of the altcoin markets, the
chances are very high that the price of Gold Backed Coin will significantly
increase.
- There is no need to deposit Gold Backed Coins physically because they are
issued and stored within the Ripple network. Furthermore you will also be able to
trade smaller quantities of GBC than are usually available in physical gold at
the gold seller.
- Moreover, you are supporting a development that could reduce the general price
risks on the altcoin markets and instead enhance the opportunities for investors
and developers. This might lead to a broader acceptance of cryptocurrencies in
the society.
What will happen after the book building is closed? When the book building has closed, our team will make a calculation to find out
which price level contains the highest order volume. The result of this
calculation will be the book building price at which the Gold Backed Coins will
be sold. If you offered a higher order price, you will be served at the cheaper
price. If your order price was lower, we will send back your BTC (unless you
chose to let them take part in the following book building). In the next step, we
will send your Gold Backed Coins to your Ripple wallet.
We are looking forward to serving your order! You can submit your order here:
http://www.gbc.is/order If you have any questions or problems,
don't hesitate to contact us at support@gbc.is!
