The versatility of Blockchain plus the real value of gold reserves backing it, results in TGC
Today, we are presenting a project that will have an important impact, the launch of a token linked to gold mining rights. A talented team, with decades of successful entrepreneurial activities and hard work, presents the revolutionary TrueGoldCoin token.
A project based on more than 30 years of experience at the highest level. Innovation in networks and telecommunications, Artificial intelligence, ISP management, design and configuration. The founders of the TrueGoldCoin project offer an unique token, mixing solid commodity mining titles with the versatility of blockchain technology. As you begin to read the whitepaper, you can glimpse the direction of the documents and project. On the home page, we find the following statement:
“Back to the Coin Roots.”
It is well known in the industry that state currencies (or commonly referred to as Fiat) historically lose all or almost all of their initial value. In the ’70s a decision changed the rules of the game; the United States decided to unlink the US dollar from the gold standard. Since then, the value of the currency against the precious metal has been eroding.
Governance, decentralization and 1800 hectares for mining
The TrueGoldCoin Token is an ERC standard (in the Ethereum Network) promoted and backed by more than 1,800 hectares of gold mining rights. Titles of more than 1,800 hectares of mining rights make the token attractive to all types of investors. The attraction is patent, both those who seek to speculate in the market, as well as those who wish to acquire positions in the precious metal market and benefit from it’s value gain. TrueGoldCoin issues a special token, backed entirely by proven and probable gold reserves, offering confidence and leaving empty promises for other projects.
Added to the classic governance features offered by tokens in public, decentralized and immutable blockchain networks… is added a clear demonstration of commitment and commitment to stability. Prestigious collaborations with NASA dispel any doubt about the capacity of the TrueGoldCoin team. We find a solid “golden rule” in the founding technical document:
“We will never issue more than 10% of the calculated value of our gold reserves.”
The TrueGoldCoin Team
As far as backup is concerned, it must go through due scrutiny. Obviously, the words are windy and in order to be considered a reliable and proven backup, a verification process is completed. To calculate its value, you will find below some reference data extracted from the TGC documentation and/or its white paper.
About the value of the lands behind the TGC token
Gold reaches 100% of its value when deposited in a bank or a certified depository institution as a final refined product. While the deposited gold is valued at 100%, it is valued at an oscillation between 60% and 99% of the value when it has been extracted in the mine and goes through the whole process of transport, smelting, refining, and exporting it. So it is priced at a value of 10% when it has not yet been extracted (as is the case with TGC).
In short, once we understand the process in which the mines are and where the exploitation is, we analyze the initial offer of the supported token.
The Importance of Satisfying Settlement for Token Holders
The balance is crucial, the block chain technology provides global access to the network. However, it could be a problem to liquidate its position if the token fork is too far away from the physical backup. At other times, a gold-backed token could become a headache when it comes to liquidating holdings. In this sense, the TGC team shows the maturity and commitment of veterans in the management of technology, assets and/or properties.
TGC is also backed by real cash. This has surprised us as a detail worth mentioning. We find the following statements from one of the founders Enrique Pallares at icoholder.com:
“True Gold Coin is not just an initial offer (ICO), or an ICO backed on an asset, or a simple AltCoin that was launched to satisfy the moment. NO, TGC is also backed by real cash to make sure that any TGC holder who wants to exchange their tokens for FIAT, the money will be available in the treasury to do so.”
Support offers settlements that can meet supply and demand
Offering this type of dual support, linking hundreds of hectares for mining, and the possibility of liquidating the position in cash… shows a clear concern for the role of the investor. Such initiatives reduce counterparty risk and encourage both supply and demand. A clear example of this is the statement of the experienced CEO E. Pallares:
“Exchanges are available, but in building the ecosystem for TGC payments, we need our tokens to be exchangeable for any currency at any time.”
Occasionally, some crypto coins have experienced the so-called “flash crash”. Instants in which the selling power of the market surpasses the demand of the counterparty. These situations lead to instability and distrust in the market so TGC shows a clear commitment to the token in the long term.