Orocrypt Orocrypt

Orocrypt

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Orocrypt is a Panamanian-based company that will issue tokenized precious metals. Tokens will be backed by securely stored and audited precious metals, convertible on demand, and easily tradable. Tokens are secured on the Ethereum blockchain and will be compatible with all Ethereum wallets. They can be bought or sold instantly and seamlessly. Orocrypt will launch gold-backed tokens, each representing 30 g of LBMA compliant bullion gold. In the future, we will expand to Silver, Platinum and bespoke tokens
Risk: High
Jun 14, 2017
Jul 14, 2017
100% completed
$243 410
0% goal completed
Goal 56 000 ETH
past
  • 1 OROC
    =
    9 EUR

About Orocrypt

Secured on the Ethereum blockchain and compatible with all Ethereum wallets; our 14th of June crowdsale of 500,000 OROC tokens represents 45% of the total equity for nine euros per OROC. Orocrypt is a Panamanian-based company that will create a crypto alternative as proof of ownership of precious metals. After the ICO, if the minimum capital is raised, Orocrypt will present the Gold token: the first product of the company, which will represent the ownership of 30 grams of LBMA-quality gold and will be looking to expand to Silver, Platinum and bespoke tokens in the future. Our gold-tokens will be backed up, securely stored and audited. They can be convertible into gold on demand and as well compatible with all Ethereum wallets.

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Orocrypt is an asset digitisation company that aims to introduce an easier and more secure alternative to precious metals ownership. We are currently focusing on issuing tokenised precious metals Tokens will be backed by securely stored and audited precious metals, convertible on demand, and easily tradable. Tokens are secured on the Ethereum blockchain and will be compatible with all Ethereum wallets. They can be bought or sold instantly and seamlessly. Orocrypt does not have any control, nor can exercise control over who buys the tokens from our registered clients. We will only be involved if someone purchases tokens directly from us or decides to redeem their physical gold, therefore the tokens can be freely traded in exchanges or directly P2P. Orocrypt will first launch gold-backed tokens, each representing 30 g of LBMA compliant bullion gold. In the future, we will expand to Silver, Platinum and bespoken tokens of digitised assets.

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Token

These tokens represent Common shares in Orocrypt Inc. These are not redeemable for shares—they are shares today. The Superintendencia del Mercado de Valores of Panama has been informed about this share-tokens sale. Like any company common shares, they entitle holders to dividends, rights to vote, and rights to payout in case of acquisition or sale. Orocrypt has a fiduciary duty to token holders. Orocrypt plans to issue tokenized precious metal, starting with gold in Q3 of 2017. ​Orocrypt will charge a 1% commission fee over gold spot price on all sales of one token or more and a .04 % transfer fee when they are transferred between wallets. Fees for less than one Token will be: 5% for purchases between 0.9 and ½ token and 10% for purchases between ½ and 0.1 Token.

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Features

- Aims to provide an alternative method of recording precious metals ownership that is simple, liquid,
secure and transparent
- ERC20 tokens represents the ownership of 30 grams of LBMA-quality gold, holders will be able to
convert them into physical gold through a transparent redemption procedure
- Gold will be stored and insured at the following vaults: OZL AG, Liechtenstein; Swiss Gold Safe AG, Zurich and Hong Kong; Byzantium International Ltd. Cayman Islands
- The bullion held at the Swiss and Liechtenstein vaults will be inspected monthly by Société Générale de Surveillance SA

Roadmap

  • June 2017

  • OROC share-tokes built and available in live ICO. Vaults secured worldwide to store gold. Contracts secured with bullion suppliers.
  • April 2018

  • Gold-based tokens will be launched. Each gold token represents 30g of LMBA-compliant gold.
  • Q3 2018

  • Silver backed token will be launched. Each token represents 1 kg of fine silver.
  • Q4 2018

  • Profitable bespoke token reprsenting novel gold and silver ownership structure will be released.
  • Read More
  • Q1 2019

  • Quantitatively managed fund representing mix of cryptocurrencies and precious metals planned to launch

Materials

Orocrypt

Activity

Status:
Jr. Member
LOW
Activity:
43
VERY LOW
Merit:
0
VERY LOW
Posts:
287
MEDIUM
Views:
24 055
VERY HIGH
Status:
Jr. Member
LOW
Activity:
56
LOW
Merit:
0
VERY LOW
Posts:
583
HIGH
Views:
26 207
VERY HIGH
Users:
299
HIGH
Posts:
34
VERY LOW
Followers:
1 544
LOW
Likes:
1 477
LOW
Rating:
4.80
VERY HIGH
Reviews:
61
MEDIUM
Followers:
5 592
HIGH
Tweets:
401
HIGH
Alexa
Rank:
8 497 047
VERY LOW
Delta:
-2 439 554

Team

Verified 25%

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

Founder and CEO
verified
Jose Antonio De La C...
Secretary
unverified
Margaret Bentham
Director
unverified

Advisors

Verified 0%

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

Alejandra De Gaustad
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Orocrypt offers a simple, private and transparent precious metals backed ERC20 tokens. We recently launched our token OCG, which represents 30 grams of 99.99% pure bullion gold. The OCG token was audited by Icorating.com and is registered and verified in the Ethereum blockchain.

Last News

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