GramGold Token

GramGold Token

Created using Figma
Created using Figma

Last Update

Feb 19, 2018

GramGold https://gramgold.net Token Sale NOW ON https://youtu.be/kKyhC7KIFJY " Not just an ERC20 token backed by Gold and a Global Gold Asset Trading Plaform based on blockchain technology & cryptocurrency... Its a Gold Exchange, a Gold Vault a Gold ATM and a Foundation..".. Revolutionizing the Precious Metals Recycling Industry & Trading Exchanges. "Consumers globally are selling their gold for far too little and buying it, if they can, at far too high a price, thanks to unfair & unscrupulous middlemen & dealers & and manipulated markets We are going to change all that with our decentralized exchange, private, secure vaults & our ATMs ".
Sale
Feb 18, 2018
Apr 30, 2018
100% completed
Raised funds - no Data
Goal 215 000 000 USD
Cap 250 000 000 USD
past
  • 1 GGT
    =
    0.43 USD
Pre-sale
Feb 1, 2018
Feb 17, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
GGT
Accepted Currencies
ETH
Company Details
Registered Country
United Kingdom
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Retail

About GramGold Token

Announcing the Gramgold (GGT) Token

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

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.

 

Features

The GramGold Token
GramGold token (GGT) is a custom token developed on the Etherium blockchain as an ERC-20 Token. Besides being a tradeable asset it is 10% backed by Gold & will be used to fund The AuGram Scheme, the GramGold ATM and the GramGold Foundation. this percrentqage will increase in the future to 50% and 95% depending on the success of the GGT


AuGram Scheme & Audex
AuGram Scheme & Audex
The AuGram scheme initially will facilitate the ownership of gold to our investors at correct, not over-inflated market prices & will enable consumers globally to buy, sell & store gold using cryptocurrency The main future aim is the creation of a blockchain backed precious metals exchange to eliminate manipulated markets ie The Audex


The GramGold ATM
The GramGold ATM
We are developing the GramGold ATM to ensure the customer receives the right price when buying & selling Gold. The only way to reduce the over-long & corrupt precious metal purchse & supply chains. Any customer will also be able to buy gold through the Augram schem and Audex


The GramGold Foundation
The GramGold Foundation
The GramGold Foundation (The GGF) will not only promote all Gramgold schemes, including the Augram scheme, the Audex and the ATMs together with good buying/selling practices globally, ie to consumers and local economies alike, it will also provide training, & support to candidates selected to maintain the GramGold ATM. .

GramGold Token Roadmap

  • Q4 2017

  • Project Start Idea of GramGold Token ATM.
    Research into token platforms & blockchains concluded.
    Concept research and design of GramGold ATM concluded.
    Test BGC Token Launched as a test on Waves platform.
  • Q1 2018

  • GramGold New ERC-20 Token created GramGold (GGT).
    ICO, Website and Whitepaper released. Social Media engaged.
    GramGold Token Sale.
    Trading to commence after Token Sale.
    Augram & Audex development begins
    Planning and implementation of GGF.
  • Q1 2018

  • GramGold New ERC-20 Tpken created GramGold (GGT).
    ICO, Website and Whitepaper released. Social Media engaged.
    GramGold Token Sale.
    Trading to commerce after Token Sale.
    ATM Development and testing of a gold ATM prototype commences.
    Planning and implementation of GGF.
  • Q2 2018

  • Development and testing of gold ATM prototype
  • Read More
  • Q2 2018

  • ATM Completion
    Development and testing of gold ATM prototype completes.
  • Q3 2018

  • Research & Development R&D of Gold/Silver/Platinum ATM prototype commences.
  • Q3 2018

  • Launch of first GramGold ATM on pilot site.
    Research & Development R&D of Gold/Silver/Platinum ATM prototype commences.
  • Q4 2018

  • development & Testing of Audex Exchange Continues
    Gold ATM prototype Completed
    GGF launch
    All Precious Metals ATm continues
    ATM Completion
    Development and testing of GoldSilver/Platinum ATM commences.
  • Q4 2018

  • First candidates to begin trading.
    ATM Completion
    Development and testing of GoldSilver/Platinum ATM commences.
    Further ATM Development and testing of GoldSilver/Platinum ATM continues.
  • Q1 2019

  • ATM launch Pilot site Birmingham
    Expansion of ATM
    Establishing ATM network
    Completion of Audex development
  • Q1 2019

  • Development of AuGram Exchange & Storage Vaults Commences.
  • Q2 2019

  • Expanding the ATM network worldwide.
    Establishing GGF representative network
    Continuing AuGram Development.

Activity

Activity:
52
LOW
Posts:
56
VERY LOW
Views:
471
VERY LOW
Followers:
21 625
VERY HIGH
Tweets:
267
MEDIUM

Team

Verified 88%

Attention. There is a risk that unverified members are not actually members of the team

Sr. Blockchain and Smart Contract Developer
verified
CEO
verified
Operational Director
verified
Development Director
verified
Finance and Compliance Manager
verified
Finance Manager
verified
IT & Database Manager
unverified
Chief Engineer GramGold ATM
verified

Advisors

Verified 33%

Attention. There is a risk that unverified members are not actually members of the team

9 ICOs

$200 000

Advisor
verified

7 ICOs

$1 034 548

Advisor
unverified

Former members

Administrative Manager
Social Media Coordinator and Admin Assistant

GramGold Token Interviews

Kaushik Ghosh
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Smart Contract Developer
Lionel Refson
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Why invest in the #GoldGram #ICO 2 reasons
1/ Our Gold-backed token & decentralized exchange will give everyone a better deal when buying and selling gold & stop the current dealers/markets rip-off that has been happening for years ie global consumers getting far too little for their precious metals and yet when they buy it, paying far too much, for bullion etc.
2/ Unlike most #shitcoins out there we are a precious-metals processor with a multi-million dollar turnover already. We are not a start up, we aren't going to disappear and we know exactly what we are doing. less glossy spin, but a lot more substance.
Emma Refson
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Announcing the Gramgold (GGT) Token
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 marketsusing our custom token the GramGold, (GGT) built upon the Ethereum platform.
Alexander W Mattock
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Processing manager Gramgold
Alagbe Adedeji Simon
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Compliance and Finance Manager
Olusegun Enujowo
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Finance manager
Awosika Israel Ayodeji
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Project Administrative Manager
Adededji Samuel Anjorin
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Social Media coordinator and Administrative Assistant
Arif Budiharjo
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Chief Engineering GramGold ATM
Timo Trippler
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Strategic Advisor -ICO-,
Crowdfunding specialist,
Member of Blockchain Advisory Counsil (BAC),
+15 years commodity trading experience

Last News

  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO