Last Stardust: Gid Coin

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What do you know about gold or diamonds?

I think the first that is coming into mind – these are natural resources, which are limited, mined and owned only by big companies.
Yes, that’s true.
Countries, which found natural resources (not only gold or diamonds, but oil, coal, ore and etc.) on their territory automatically becoming miners and exporters which have influence on the GDP of the country.
Hopefully it’s also affects on the way of life of citizens of the country.
We want to make international currency covered by two most valuable precious goods in the world,
powered and secured by Blockchain. All the processed will be clear for investor.
You’ll ask “Why both?” – the answer is “Never put all the eggs into one basket”. Cause none of stock brokers buy the stocks only of the one company. We are professionals with 8 years of experience in diamond business and 5 years in golden business.
Have broad connections in Africa, Russia and Canada. Working very close with miners of gold and rough diamonds (governmental and private) have connections with Belgian and Israel cutters of diamonds and also have connections with gold refineries in Austria, UAE and Andorra.

DIAMOND MARKET

After two big economic recessions in the world for the last ten years, we see that there are not so much markets, which can stay off of it. If something goes wrong, we see total falling in stocks, oil prices, metals & etc. One of the business, which stands apart from all conditions – Diamonds. During recession diamond prices are not falling down, they just stopping to grow up.

Diamond business is very closed and profitable. Only professionals can
operate on that market. The global market of rough diamonds in world
counts more that 150 million of carats, which cost in total more than
180 billion of US dollars yearly and it’s still growing.
Rates of the polished diamonds basically controlled by Rapaport bourse in Antwerp, Belgium. Also, there is competitive bourse called IDEX, which is also situated in Antwerp.

Gold Market

Of all the precious metals, gold is the most popular as an investment.
Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has the most effective safe haven and hedging properties across a number of
countries.
The following table sets out the gold price versus various assets and key statistics at five-year intervals.

MINING AND PURCHASE OF DIAMONDS AND GOLD

There are two ways of work for the company:
− to buy final product (polished diamonds and bullions) from the producers and miners
− to arrange whole process from the very beginning, use less money and to take bigger profits.
From our side we plan to use funds in the following proportion – 30% of budget goes for the purchase of the final product.
The rest 70% will be used for the production which will include the following processes:

The second way will be done in 2 stages.

Firstly, we can buy rough diamonds and gold from the miners in Africa,
Russia or Canada. Export them from the country of origin to cutting
workshop or gold refinery, then put to the vault for safekeeping.

On second stage we invest into mining site in Africa (Angola - primary, secondary - Botswana or Namibia) as private entity and begin
to produce rough diamonds and gold ourselves. For our luck rough diamonds and gold are based at the same territory, so there is no need for separate mining sites. Everything goes from the one land.
Our company has enough experience and connections in African countries to start purchasing and mining without risks. Operation are clear and secured for 90%. All risks will be gone right after goods leave African continent.

LEGAL ASPECTS

New company Gold&Diamonds SA will be registered in Zug, Switzerland with branches in Geneva (Switzerland), Antwerp (Belgium), Luanda (Angola), Singapore, New York (USA).
The company fully complies with all legal and regulatory laws of the operating countries. The safehouses will be located in Switzerland (UBS, Credit Suisse), United States of America (J.P.Morgan or Citibank) and in Spain (Santander) or in United Kingdom (Barclays).
Insurance for certified product will be provided by AXA, Zurich Insurance Group and Allianz SE. For banks assets such as polished diamonds and gold bullions are the most favorable, so in nearest future we expect interest to our project from other banks. All applicants go through KYC procedure for selling and buying GID Coins. Company may check with the US Securities and Exchange Commission (SEC) and Monetary Authority of Singapore (MAS) whether they consider GID securities.

ICO

At ICO launch the GID price will be average $20 which can vary during the crowd-sale due to the revisions in the exchange rate:
• ICO investors are given GIDE (GID pre-launch) tokens that can be converted to GID after company has secure enough polished diamonds and gold bullions;
• GIDE tokens will be moved to new blockchain platform and converted into GID in a 1:1 proportion; • ICO cap will be set in fiat 20 days before ICO;
• minimum cap for ICO is USD 40’000’000,00. If less than that is raised, the investors receive their funds back;
• GIDE tokens are released when tokens are distributed around one month after ICO starts. The major advantage of the GID token – that the price for it is going higher or stable. Is not connected to rumors or government relations. The price is related only to the amount of goods, stored in the safehouses of bankpartners.
Advantages of using GDP rather than Ethereum are as follows:
• Safer — GDP blockchain uses its own coins rather than Turingcomplete smart contracts.
• Fungible — GDP uses Point-ofStake (PoS), and since it relegates its platform to GID transactions alone (rather than to additional ICOs) processes your transactions faster.
• Cheaper — There is no charge for ether commissions.

GID AS A REAL PAYMENT CURRENCY

With cooperation with Revolut3 online bank, which are highly involved into cryptocurrency business we prepared personal credit card for the holders of our GID coins:
• Revolut GID Master Card Black; Price for emission card = USD 100,00

Benefits:

- Only for users of GID Coins. You need to have not less than 10 GIDs in your wallet to order Credit card;
- Ordering of credit card without income confirmation;
- Delivery of the card is free to any part of the world within 5-7 days;
- Exchanges between 30 fiat currencies in 60 seconds by the one click;
- Exchange fiats to 25 global currencies in the private cabinet;
- Direct refilling of the card by IBAN;
- Free mobile application;
- And, of course, you can pay your expenses by this card anywhere in the world.

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