Connect with us

Blockchain

Golden Alliance – GDA ICO Gold-Backed Mineral Field Coin Assets?

The initial coin offering ecosystem has gone through a rapid evolution over the last year, and has developed into a fully-fledged market that has made it possible to generate a significant amount of profit while investing in promising, disruptive startups.

Some of the most unique and interesting initial coin offerings of 2017 have been token sales that offer investors the opportunity to invest in real-world ventures that deliver dividends, offer token value increases, and promote real-world business growth.

Some good examples of this unique breed of ICO have been Bananacoin, a token sale that offered investors a share in a Southeast Asian banana plantation, and Milkcoin, a platform that does the same for the Russian milk industry.

A new initial coin offering, however, wants to make micro-investment into the gold mining industry possible for individuals around the world. While the term mining is commonly used in the cryptocurrency industry, Golden Alliance uses it in a very literal sense, and plans to create a platform that allows investors to participate in innovative gold mining ventures.

In order to generate the capital necessary to launch their platform, Golden Alliance is set to run an initial coin offering. In this article, we’ll take a look at the Golden Alliance platform and assess the particulars of the Golden Alliance ICO to help you determine whether it’s worth participating in.

What Is Golden Alliance?

Golden Alliance is a Switzerland registered company that states in the ICO white paper that it has one specific purpose- to operate as an ICO-friendly platform that will invest in the Golden Alliance group of companies.

Golden Alliance is an international group of consulting and mining companies that all focus on the implementation of both gold and other mining investment projects. The alliance is currently active in the processes of exploration, evaluation, and development of solid mineral fields, and collaborates on the development of innovative solutions in the processing and mining industries.

The Golden Alliance ICO is intended to provide everyday investors with the opportunity to invest in their platform via the purchase of crypto tokens. The core goals of Golden Alliance are centered around the construction and launch of gold mining projects at gold fields that are owned by the group in locations that are distributed across Russia, China, South Africa, Australia, and the Americas.

One of the major draws of the Golden Alliance ICO is that the company itself is already highly successful, and holds a significant amount of assets. According to the Golden Alliance white paper, the company currently holds more than 7.27 tonnes- or $308 million- in industrial gold, as well as $2.03 billion in gold resources.

How Golden Alliance Works

The architecture of the Golden Alliance ICO is worth mentioning here, as the ICO doesn’t offer a stake in the Golden Alliance company itself. Instead, the ICO offers investors the opportunity to purchase tokens from Golden Alliance Coin, a special purpose entity registered in Switzerland that, upon successful ICO completion, acquires a 25% stake in the Golden Alliance company.

Oleg Pavlyuk, the director for corporate development and legal affairs, has commented on the purpose of Golden Alliance Coin:

“We are sure that we offer excellent investment opportunities for all those who would like to diversify their portfolios with investments in ore mining projects, taking into account that, according to Metals Focus analysts, the gold price will show an upward trend, which will have a positive impact on the income of gold mining companies in various countries of the world,”

The Golden Alliance ICO

During the Golden Alliance ICO, Golden Alliance Coin will issue 500 million Golden Alliance Tokens, or GDA. 90% of these tokens will be available for purchase, while 8% will be reserved for promotion. A final 2% will be preserved for the bounty campaign.

The value of Golden Alliance tokens will be backed by real, physical gold, which- according to the Golden Alliance team- will allow them to deliver a highly stable value point. At the time of startup, each Golden Alliance token will possess a value of $0.1.

The Golden Alliance token sale will begin on the 27th of November 2017, and will run until the 28th of December 2017. During the first three days of the ICO, Golden Alliance are offering a 25% discount on token value, which will lower progressively over the course of the ICO. In the final 10 days of the ICO, however, tokens will still be available at a 10% discount.

Importantly, Golden Alliance tokens will be created on the Ethereum blockchain, and will be distributed via smart contract within 7 days of contract execution.

Golden Alliance Coin has outlined a model of profit distribution for Golden Alliance token holders. As a limited partner of Golden Alliance, Golden Alliance Coin- the issuer of Golden Alliance tokens- will receive a share in Golden Alliance that allows it to repurchase Golden Alliance tokens using profits generated from gold and other precious metal mining and processing.

Golden Alliance Verdict

The Golden Alliance ICO is backed up by a truly massive international gold mining alliance, which makes it a stand out platform in a tokenization market flooded with concepts that don’t even possess a working demo yet.

If you’re interested in using the blockchain to invest in the precious metals market, Golden Alliance is a unique ICO that is worth close consideration.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Reviews

Initial Coin Offering ICOs2 days ago

Crowd Genie CGCOIN ICO – Business Loans Asset Exchange?

About Crowd Genie Crowd Genie is amongst the few licensed peer-to-peer digital lending network in Singapore. It got the license...

How To Make Money4 days ago

X8Currency: Safe Crypto Investing & 100% Asset-Backed Token?

Online investment has taken the financial sector by storm, and it is the venture that many people are willing to...

Blockchain4 weeks ago

MintHealth – Blockchain Powered Self-Sovereign Medical Data?

With all the furor surrounding blockchain technology these days, many startups are now starting to consider its use in the...

Blockchain4 weeks ago

SURBTC – Secure & Reliable Cryptocurrency Exchange In Chile?

While we may be led to believe that the crypto boom is primarily being experienced in developed nations like the...

Blockchain4 weeks ago

Budbo – BUBO ICO Supply Chain Cannabis Blockchain Utility Token?

For a while now, the global economic market has had to accept ‘Blockchain technology,’ and ICOs as an all-new disruption...

Casino & Gaming4 weeks ago

Breakout Gaming – Bitcoin & Cryptocurrency Friendly Casino Games?

What Is Breakout Gaming? Breakout Gaming is new cryptocurrency based platform that has created their own coin called BRK. It’s...

Blockchain1 month ago

Mothership – MSP ICO Decentralized Artificial Intelligence Platform?

With the crypto boom that is currently being experienced all throughout the globe, it should come as no surprise that...

Casino & Gaming1 month ago

Voxelus – Create, Share & Play Virtual Reality Games Blockchain?

The idea of Voxelus dates back to 2014 when a team of professionals came up with the project, targeting the...

How To Make Money1 month ago

Coinality – Real Jobs & Services To Get Paid In Cryptocurrencies?

Internet has not only enabled people across the world to connect but it has also enabled service-providers and job-seekers to...

Blockchain1 month ago

Digital Bitbox – Safe & Secure Minimal Bitcoin Hardware Wallet?

A plug and play hardware wallet doubles up as a second factor authenticator. The device combines the highest standards in...

Trending

Copyright © BitcoinsReview.com