Our gold token OCG is operational and registered in the Ethereum blockchain and our website is ready for operations. Clients can now register and buy OCG gold tokens after going through our approval process. Please see our AML/KYC document tha can be downloaded from
https://orocrypt.com/static/docs/kyc_alm_english.pdfPlease note that our gold token is only available from our website orocrypt.com and after the client has registered and been approved.
The token Smart Contract can be seen at etherscan.io or ethplorer.io by entering its symbol OCG Orocrypt Gold Token. The OCG token represents the ownership of 30 g of LBMA compliant bullion gold held at the vaults of OZL in Liechtenstein AG, Swiss Gold Safe in Switzerland or Byzantium in the Cayman Islands.
The OCG token offers gold investors a safe method to digitize bullion gold, convertible on demand. It is compatible with all Ethereum wallets allowing for direct P2P transfers. Initial investors will need to go through our KYC procedures. Then, they could trade the token with anyone instantly and seamlessly. A token holder who is not our client would need to be registered and go through our KYC procedures in case he/she wants to either take physical delivery of the bullion, or sell the tokens back to us for cash or crypto settlement.
Hello, dear @Orocrypt!
Interesting news. I'm glad to read that you have resumed the project. But a few questions arose:
1) Why do not you update the topic of this thread?
2) Why do not you publish detailed information about the tokensale?
3) Have you forgotten about hunters? Or did I miss the promised lottery?
4) Do you start a new bounty campaign?
Thanks for the clarification in advance!
Kind regards!
Hello. Thanks for asking,
1) Why do not you update the topic of this thread? We do not yet have any staff to take care of PR. You know our ICO didn't reach the minimum, so we refunded most of the investors. The business continued funded privately and by the founders. We will start hiring for PR and marketing in the near future, so this thread will get the attention that it must have. So far our efforts and money have been focused on getting our technology and legal status right.
2) Why do not you publish detailed information about the tokensale? It is not a tokensale or ICO. It is our ongoing operating business. There is no minimum or maximum. Neither there is a time deadline. Just as Tether issues more tokens when more people buy dollars, we will issue more gold tokens when our investors buy more gold. As long as the business goes on, we will sel gold tokens for the market price of 30 grams of gold plus our fees, and we will buy them back at the market price flat.
3) Have you forgotten about hunters? Or did I miss the promised lottery? Not at all! We will have the lottery for the bounty hunters that helped with the ICO a year ago. Again, it is a question of resources and hiring the personnel that can work on it.
4) Do you start a new bounty campaign? No. As said, this is an ongoing business. Every working day we are ready to sell and buy the OCG gold tokens, whether their volume is 1 or 10000. We immediately buy bullion gold, so always each OCG is backed by 30 grams of fine gold. For those who want to sell, we buy them back at the then market price of gold and send the sold OCG to the burning address. So each OCG's value is always the value of 30 grams of gold.