The vision of the GramGold ICO is very clear, though we have been reluctant until now to state it in one sentence terms. To be honest we are a little overawed by what we are setting out to do here, the Gold market is worth billions USD, but we know we can achieve it with investor support. As the Birmingham Gold Company, with ten years experience in precious metals processing we already achieve these aims for our UK and EU customers albeit on a much smaller scale, but now we want to go global
If you take a look at the diagram at the top of this article you will see depicted the 4 key projects that we intend to complete.
Audex .
The Audex is our own decentralized Gold and precious metals exchange where customers can buy and sell Gold, Silver Platinum and Palladium against a basket of cryptocurrencies, with prices scraped and aggregated from leading global metals markets so that the best possible buying prices are achievable. Precious metals can be then stored in our online-accessible, physical, safe and secure vaults.
Augram
Our vaults will be fully accessible online 24/7 , safe, secured and fully insured. the combination of Augram and Audex will ensure that our customers purchase and store Gold, Silver & Platinum at the best market rates.
GramGold ATMs
The GramGold ATM is one of three main initiatives in our white paper, being designed to stop the asset loss todays consumers face when buying and selling Gold. Our ATM is being designed to accept scrap Gold, weigh it, calculate its value and either pay out 94% of the market spot price to any consumer via bank transfer, or in cryptocurrency. Customers achieve far les, sometimes less than 40% of this value when they sell scrap/unwanted Gold and lets not forget that 90% of recycled Gold comes from these customers, that is a market worth $50 billion (see whitepaper appendix)
Most importantly any consumer in the world will be able to use the GramGold ATM to purchase at the right market price both Gold bullion bars and coins electronically, which will be stored at our secure vaults. in the future the ATM will also give immediate access to our decentralized trading platform. we intend to site ATMs in major shopping centres around the world
The Gram|Gold Token GGT
This is a custom token developed on the Ethereum blockchain as an ERC-20 Token. Not only will it be a tradeable asset, more importantly it will be used to facilitate the purchase and sale of Gold around the world. It is an asset backed by Gold. When any consumer buys this token they will not only receive 100% of the their purchase in tokens they will also receive 10% of their purchase spend (equivalent in dollars) in Gold deposited in our vaults. That is actual physical Gold. They can then use our token to buy Gold from us to be stored in our vaults at 110% of the spot / market price at the time of the order via a smart contract the customer will also pay a small storage charge on an annual basis. This enables anyone anywhere in the world where it is legal to purchase Gold to buy Gold direct from us using the GGT Token but of course they may also wish to purchase Gold from us via bank transfer, cheque or credit card. This is the Augram scheme (see below).
But perhaps more significanttly than this the GGT token will fund the setting up of a decentralized exchange known as AUDEX will which be a Gold and precious metals exchange allowing for the buying and selling of all precious metals via a basket of cryptocurrency
The GGT token will be used to crowdfund the production of Gold recycling ATMs to be situated in key shopping centres throughout the world. This represents a physical asset designed to be able to accept Gold recycling scrap from all over the world to be transferred either into our token, other cryptocurrency, swapped for Gold bullion or sold for cash via bank transfer/credit card etc.
This Gold recycling eco-system will ensure that consumers receive a minimum of 94% of the market spot price for their precious metals instead of the low prices they currently are offered. This will be achieved by the design, production placement and operation of our automated precious metals recycling ATM the GramGold ATM worldwide
Conclusion
Yes, its a bold and ambitious plan, but also logical and achievable with the right investment. Every part is achievable.
You may well ask yourself "Why should I care? Because you, like most people, you might have paid too much when buying Gold & sold it for far too little. Let's change that! Gold is an asset that we all have. Regulating the Gold buying and selling markets won't help. Billions are being lost to consumers through gold scams, market manipulations, rip-off gold buyers and sellers. Its all in our whitepaper. Lets do it a different way!
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