Wednesday, May 23, 2018

Next new cryptocurrency backed by gold and diamonds underway with an ICO

There is a new player in the Stable Coin arena as GID Coin is ready to join the growing myriad of resource based tokens.

GID Coin, which will be backed by a combination of gold and diamonds, has started their ICO pre-sale and will run through June 18.

The GID coin is an international crypto coin that is covered by two valuable assets: Gold and diamonds. This coin is powered and backed by the blockchain. This coin is a hybrid token that can be used for payment and as an asset. The company will have its headquarters in Switzerland. It is going to operate according to the guidelines set forth by FINMA. 
At the ICO launch, the GID Coins will sell at about $20. However, the price may vary at the crowdsale due to changes in the exchange rate.
Investors in the pre-ICO will get GIDE coins during the pre-launch. This can later be converted to GID coins when the company secures enough gold bullion and polished diamonds. The GIDE tokens will be placed on a new blockchain and converted to GID in the ration of 1:1. 
  • Pre-sale: Live Now
  • End date: June 18, 2018
  • GIDe Coins on sale: 2,500,000
  • Discount: 30%
  • There is also an airdrop for those that register for it on the GID coin site.
  • The ICO Soft Cap: 40,000,000 USD.
  • If less than this amount is raised, all investors will have their money refunded to them.
  • The ICO Hard Cap: 490,000,000 USD
  • The GIDE tokens will be released once the ICO ends, which will be about a month after the ICO is over. - Bitcoin Exchange Guide

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