Golos Blogs

N.B - The mission is to create a Gold purchasing platform. The Goldenugget platform allows the GNTO Token purchasers the possibility to purchase Gold directly or to participate at Dutch Auctions which will give them the interesting chance to acquire Gold at a favorable price.

PRESENTATION

Cryptocurrency, which is sometimes referred to as digital currencies operate independently of any central authority or banks and it is permissionless to use, the transaction is open & available for people to see.

Because it is decentralized, government authorities such as the Judiciary, Authorities in-charge of taxation, and the central banks do not find it appealing because it cannot be taxed and they don't have power to influence the transactions of traders/participants.

N.B: Cryptocurrencies Transaction cannot be cancelled, cannot be reversed and neither can it be disputed, This is the reason why newbies are advised to have someone who is experienced and careful to guide them whenever they want to carry out a transaction.

Cryptocurrencies can be obtained by buying/purchasing from a digital/crypto-currency exchange platform, The exchanger allows the trader to exchange their Fiat( paper currency) to Alt coins of their choice. The top five (5) cryptocurrency Exchange can be find below:

Binance,
Bitmex,
Kucoin,
Changelly, and
Hobi Pro.

Cryptocurrency Trading platform have their own shortcomings such as: scalability, Cybersecurity issues, price volatility and lack of inherent value, Regulations, and abuse of trust which traders place on the crypto exchange all for the sake of profits, user-friendly interface, these shortcomings cause traders to panic.

As more technological innovations are uncovered, Goldenugget, the combination of decentralized blockchain technology and the most antique, reliable, value increasing and stable asset: "GOLD" came on board.

WHAT IS GOLDENUGGET?

GoldeNugget is an existing reality, with over 3,000,000.00 Euro’s already invested in West Africa for earth moving machines for the gold industry. Where you can really feel the dust, the noise, and the smell of business. Where people really have an objective, where people really see actual results in their hands at the end of the day. Call it “Old Economy”, however this business was once the actual value of money, the same money that still today allows you to purchase bread. So why not unite an old dirty but real business with new innovative industry such as Crypto in Switzerland where purchaser can rely on a predictable legal framework.

THE VISION

To become the most influential innovator in the field of ground mining on the planet, that’s what we aim to be. As you know, ground mining is not an ecological industry, we, at GOLDENUGGET want to revolutionize the industry. From the use of new eco-friendly non-toxic chemicals, and become the most environmentally-friendly miners on the earth, respecting our neighbors and working with them to create and build infrastructure and services so that once the project is finished they will have something to prosper on.

HOW THE GOLDENUGGET WORK

THE GNTO ON THE ETHEREUM BLOCKCHAIN

GNTO is GoldeNugget’s ERC20 compatible token registered on the Ethereum main net, minted in 30.000.000 units with 18 decimals, and will be used by purchasers to purchase Gold at “outlet” prices, or on our Reverse Auction website or Dutch Auction.

The Goldenugget Blockchain is a EVM (Ethereum Virtual Machine) compatible public licensed blockchain with Proof of Authority Consensus Algorithm.

The blocks are verified every 30 seconds.

The Goldenugget Blockchain stores and tracks all the operations from Gold manufacturing to delivery of the purchases and of the Reverse Auctions website, the tracking papers of the items for sale, making them redeemable at any time.

IEO (Initial Exchange Offer)

In today’s market, considering the unbelievable proportion and percentage of failed Crypto projects and where purchasers find it hard if not impossible to participate in projects that have actual future, we have decided to approach our “Crowdfunding strategy” completely different from others. While most of the Crypto projects in high majority fail or not even begin. GOLDENUGGET will revolutionize the market by redesigning the concept of ICO’s, STO’s or crowdfunding.

IEO stands for Initial Exchange Offer. We are not a Cryptocurrency Exchange, however we exchange our issued Tokens with our manufactured Gold through different mechanisms of simple exchange or Dutch auctions. In order to participate in our Crowdfunding we have opted to implement the KYC and AML procedure and to sell our Tokens on the Swiss based Eidoo Exchange platform so that purcahsers understand the difference between a real and sustainable project versus a possible scam. This allows us to transmit all the possible safe and safeguarding measures in terms of trustworthiness and clarity on the project.

In connection with carrying out the activity of gold broker, and before making gold transactions, GoldeNugget will be affiliated to a SRO organization.

GoldeNugget IEO (Initial Exchange Offering) will begin in May 2019 and will run for 4 months or until the hard cap is reached.

THE GNTO TOKEN

Token Name: GoldeNugget Token

Token Symbol: GNTO

Total GNTO amount: 30,000,000 GNTO

Available for IEO (Hard Cap): 19,500,000 GNTO

Emission Rate: New Tokens will not be emitted

Exchanged Tokens:

Will not be released on the market for a period of 12 months

Released Quantity: Tokens that have been exchanged to Gold on Goldenugget’s platform will be released in the market through exchanges at market price.

Conversion Rate: 1 GNTO = 1 USD$ or ETH equivalent