GID

GID

INTRODUCTION

GID coin is an international crypto coin which is covered by two valuable assets: gold and diamonds. This coin is activated and supported by a block chain. The GID is a hybrid token that can be used for payment and as an asset. 

BACKGROUND

• 8 Years of experience in Diamond Business

• 5 Years in Golden Business

• Connections in Russia Canada and Africa

• Direct to Miners

• Belgian and Israel cutters IN DIAMOND BUSINESS

Gold and Diamond Features

• Natural Resources

• Limited

• Mined

• Owned by Big Companies.

• Very Expensive 

MINING AND PURCHASE OF DIAMONDS AND GOLD

There are two ways of work for the company:

• To buy final product (polished diamonds and bullions) from the producers and miners;

• To arrange whole process from the very beginning, use less money and to take bigger profits. 

All movements of the goods are carried by well-known security companies: BRINKS1 and MALCA-AMIT2. purchasing and mining can do without risks. Operation are clear and

secured for 90%.

• Purchasing of final product will takes 1-14 days

• The lifetime of raw products (rough diamonds and golden dust) from mine to safehouse as certified product will takes 60-90 days. 

TOKEN POLICY

To provide investors with whole range of advantages of GID Coins Gold & Diamonds plan to build our own blockchain platform (DGP –Diamonds & Gold Platform). However, to reduce costs of the project at the early stages GID coin will be based on Ethereum (ERC-20).

GID Coin is the hybrid payable-asset  token (securities). 

TOKEN EMISSION

• Total amount of tokens to be emitted till 2023th  = 50’000’000 GIDs Coins.

• Tokens share:

• Team-members and advisors = 5’000’000 GIDs

• Pre-Sale (closed sale for strategic investors) = 2’500’000 GIDs

• Pre-ICO = 7’000’000 GIDs

• ICO Campaign = 15’000’000 GIDs

• Bounty campaign = 500’000 GIDs

• Coins reserved for mining at duration of 5 years starting from 2019th = 20’000’000

• GIDs with approximate yearly emission – 4’000’000 GIDs

• Coins which will not be sold during ICO – moving to mining reserve. All unmined

• Coins after 2023th will be sold at Post-ICO. 

PRICING OF THE TOKEN

At ICO launch the GID price will be average $20 which can vary during the crowd-sale due to the revisions in the exchange rate:

• ICO investors are given GIDE (GID pre-launch) tokens that can be converted to GID after company has secure enough polished diamonds and gold bullions;

• GIDE tokens will be moved to new blockchain platform and converted into GID in a 1:1 proportion;

• ICO cap will be set in fiat 20 days before ICO;

• minimum cap for ICO is USD 40’000’000,00. If less than that is raised, the investors receive their funds back;

• GIDE tokens are released when tokens are distributed around one month after ICO starts.

20% of collected funds will be used to purchase diamonds and gold bars.The remaining 70% will be used for production, which entails:

Diamonds

• Purchase of rough diamonds from a mine or mining of diamonds

• Polishing of mined diamonds

• Obtaining GIA and HRD certification

• Insurance of purchased diamonds

• Placement of diamonds in the vault 

Gold

• Acquisition of raw gold from a mining site or gold mining

• Refinement of gold mined

• Certification of gold

• Insurance of gold bars

• Placement of the gold ingot inside the storage 

GID Coin Overview

Ticker Symbol: GIDE

Platform Ethereum (ERC20)Accepts: BTC, ETH, USD, DASH,WAVES, EUR

Soft Cap: 3,000,000 USD

Country: Switzerland

Total supply: 50,000,000 GIDE 

Public Crowd sale

Ongoing

Date Sale: May 1, 2018 — Dec 30, 2018 @ 243 days

Sale Available Tokens:22,500,000 GIDE @ 45.0%

Time 32% Ends in 165 days 

ROAD MAP

Q2 – 2018

• Completed Whitepaper

• Website www.gidcoin.io

• Pre-Sale for primary investors

• First purchases

• Start of bounty campaign

Q3 – 2018

• New website

• Mobile application

• Pre-ICO (GIDE) 07.2018

• Beta version of GDP blockchain

• First full cycle production of diamonds and gold

Q4 – 2018

• ICO Campaign (GIDE) 09.2018

• Alfa version of GDP blockchain

• Exchange of GIDEs to GIDs

• Second cycle of production of diamonds and gold

Q1 – 2019

• Listing of GIDs at the exchanges

• Launch of mining via platform

• Trial immision of Revolut MC credit card

• Third cycle of production of diamonds and gold

Q2 – 2019

• Launch of the own mining site

• Launch of cutting workshop in Spain

• Launch of small refinery in Swiss

• Branches in Angola, USA, Belgium

Q2 – 2023

• Start of Buyback campaign 

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Author : BAKUL BANYU