The Nacreous Coin is a blockchain-based cryptocurrency that is linked to physically deposited Gold in the form of the so-called Physical Gold. A certain number of Nacreous Coins can be exchanged based on a specific formula defined in our offer for appropriate certificates of GOLD RESERVE SUKUK, which at any time can be exchanged for the appropriate amount in cash or Physical Gold. The Nacreous Coin is designed to be used as a generally accepted electronic payment means for all who consider Gold as a traditional, true, secure and value-stable medium. Globally, customers on the one side, and merchants and servicers on the other side, rely on the value of Gold. In former times, Gold was a direct payment means, particularly in the form of Gold coins. However, Gold has continuously been replaced by bank notes, which nowadays are not, or only to a marginal percentage, backed by state-owned Gold. Therefore, the value of the bank notes issued by the different countries rely on the trust that the respective country can pay its bills, only this is less sure than in former times.Especially in less developed countries, the trustworthiness of legal tender moves towards zero. In this situation, the Nacreous Coin perfectly meets worldwide needs because it is a kind of “cryptonyzed” Gold and can be exchanged for all fiat currencies and cryptocurrencies worldwide in the future. The Nacreous Coin can be transferred borderless, cost-efficiently, securely and in real-time. Its value is predictable because the value of Gold has a long tradition, and everybody has an idea about its stability. Therefore, the Nacreous Coin can become generally accepted worldwide. The Nacreous Coin is based on the Ethereum blockchain protocol. Therefore, it is safe, cost-efficient and fast, and allows for the use of smart contracts.
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This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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