We are pleased to announce that our gold-backed token OCG is now listed at P2PB2B.IO

We have re-deployed the OCG Smart Contract in order to activate the bullion gold storage fee function. The new official contract address is 0x739D2fCCf04889965B6f4eB7830f5b7270Fab2c1 All token holders had their balance transferred to the new contract address and no action is required by them. This will be reflected in etherscan's website within a few days. Any new purchases and sales will be based in the newly merged Smart Contract. Our special thanks to the Applicature team, who has done a great job with the re-deployment.

We are pleased to announce the future listing of our gold-backed token OCG in the P2PB2B exchange p2pb2b.io.  P2PB2B is the 20th largest crypto exchange according to Coinmarketcap https://coinmarketcap.com/rankings/exchanges/ 

Hi.  Please see our previous 9th April post above "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."

We most definitely have not forgotten those who helped with the ICO bounty campaign.  We believe our ICO failed mainly because we were the first asking for KYC from our investors, which was strongly resisted by the community, and not by fault of the bounty participants. 

Please be aware that the markets for both cryptos and gold are very depressed.  Our current gold token sales do not provide funds for expansion.  We expect that when cryptos and gold prices begin recovering we will have more sales and be in a position to implement our future plans.

Correct that there are ordinary ways of purchasing precious metals, however the transfer costs are much lower in digitized metals.  Also our client's privacy is protected by Panamanian law.  We will only disclose our client's information when ordered by a Panamanian court of law judgement.

We would be really grateful if you could provide examples about which and especially how are other ICOs better dealing with this matter.  In our analysis, we have determined that our OCG gold backed token is the simplest, best designed and most transparent gold cryptoasset available today.  So far is the only one that tracks the gold market price with 100% correlation.  The gold is stored in first class PRIVATE vaults only subject to laws under Swiss, Liechtenstein and Cayman jurisdictions.  Our physical delivery process is industry standard, one OCG token is ALWAYS 30 grams of fine gold and finally, Orocrypt and our partner vaults are responsible for bullion losses of the stored gold backing the tokens.  

To the best of our knowledge, our OCG gold token is the ONLY gold backed token 100% correlated to the gold market price.  Also the ONLY one where when taking physical delivery of gold you don't need to be in person at the vault.

Update.  You are probably receiving multiple messages and emails about accepting new terms about the European General Data Protection Regulation (GDPR).  The good news is that you do not need to do anything about your data at Orocrypt.  We do not sell or share your registered data or use externally in any way.  Our registered users are protected by the Panamanian privacy regulations.
For behaviour statistics, and business intelligence we use the service by
Google LLC (" Google Analytics ​"), a company located in the United States. Data that we may provide to Google Analytics may include your IP address and that data is used by Google Analytics to generate information about your usage of our service.  We do not pass this information to any parties.  Google's privacy policy is available at:  https://www.google.com/policies/privacy/ .
The law requires us to tell you about your rights and our obligations to you in regards to the processing and control of your personal data. We do this now, by requesting that you read the information provided at www.knowyourprivacyrights.org.

We only use your Personal Information for the following purposes:
    To manage and administer our Platform;
    To improve your browsing experience by personalising the Platform;
    To enable you to use the Platform;
    To deal with enquiries, complaints, and feedback from you and our service providers;
     To publish generic transactional information relating to trades undertaken using the Orocrypt platform;
    To perform compliance checks; to prevent fraud; to send you emails; and to analyse and improve the services offered on the Platform.

Except to the extent required by any applicable Panamanian law, We will not disclose your Personal Information to any third party other than to a service provider to whom we are required to disclose database information in order for them to provide their services to Us, ie: our server and backup providers.

Under GDPR, any business that has access to personally identifiable information given to another business is considered a Data Processor. GDPR states that Data Processors need a Data Protection Addendum (DPA) with their customers. Orocrypt does not give or share clients information to any other business whatsoever, therefore Orocrypt is not a Data Processor.

Our client's data is protected by Panama's privacy law and not shared with anyone outside our hosting server provider, our devs and our management!  Period!

A reward for our early investors: The first five million euros invested in our OCG gold backed tokens will have free storage for the next three years. Current gold market prices of 30 grams of gold at EUR 1.063,68 translate into the first 4837 tokens sold.  Please consider that if the gold price rises, the storage free tokens will decline because the OCG token value will increase.  Conversely, if the market price of gold declines, the number of storage free tokens will increase.  1 OCG = 30 grams of gold = the market price of gold.   

And the project was never stopped 

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.

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.pdf

Please 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.

Update from the Orocrypt team:

Progression of the project: Orocrypt is working hard on the gold token; a tokenized precious metal on the Ethereum Blockchain. Unfortunately; things are going slower than planned.
With so many ICO’s being launched; the availability of the companies providing the needed platforms to publish a token went down. This is mainly due to a lack of personnel and employees.

Legal aspects: As you might also know or have noticed, many things happened in the last weeks. The regulations being modified in China and Singapore are examples. Therefore; and in order to comply to the ongoing changes; we are adapting our project to avoid possible legal problems.
While this is taking some time, we think that it is critical to have a strong base to provide our clients with a strong product.

Bounty Programs & Returns: While we are aware that the bounty hunters are waiting for a return; Orocrypt would like to put forward the fact that since our ICO did not reach its minimum; we do not have any obligations to give rewards. This is part of the risks included in a bounty program.
That being said; we are more than happy to do so since we believe that anyone who participated or provided a service should be receiving a payment.

Orocrypt is thanking you for your patience while we arrange the OROC lottery among the individuals who participated.  Please note that we have allocated more tokens as a goodwill gesture, than the 0.5% of funds received.  This is to recognise your efforts in our ICO,  for which we are very grateful.

Latest update from the Board of Orocrypt:
 

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We have applied to list our OROC tokens in the new exchange from Ambisafe called “Orderbook” ( orderbook.io). We have been informed that the token listing is expected by the end of October.

We are continuing our work to implement the gold-backed token Smart Contract and web portal development.  There is a backlog of available resources due to the high number of new ICOs coming to the market.  For this reason we expect to launch our gold token in October.

Like always; the whole team from Orocrypt wish to thank you for being with us while we work hard to provide you the best digitised assets on the Blockchain.

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We NEVER ask anyone to send coins directly and not after you have logged in from our website

The message text is :

 You have a new direct message from the Orocrypt workspace (orocrypt.slack.com).
@relerer.chair View in the archives
Ronnie Barnes 8:10 PM, September 10th
**Official Announcement from the Orocrypt team**
Orocrypt Token Last-Sale is OPEN NOW!

We are pleased to announce that all the registered members can now buy the last tokens left at a special rate of 4750.58 per 1 ETH.
Last-sale ends in 48 hours or when the hard cap is reached (2000 ETH).
This is the last change to buy our tokens, only 9,501,160 tokens left!

The minimum contribution is 0.1 ETH and the maximum contribution is 500 ETH.

Contribution Bonuses:

20+ ETH = 5% BONUS
50+ ETH = 12.5% BONUS
100+ ETH = 30% BONUS
200+ ETH = 70% BONUS
300+ ETH = 100% BONUS

CONTRACT ADDRESS - 0xb1daEc35b9774288fd3895A30912961945878046

Please note that you will see your tokens on your ETH address where you sent from.

Recommended - Gas limit: 200,000 | Gas price: 50 Gwei

Our website - https://orocrypt.com/

Thank you for your continuous support,
Your Orocrypt Team

There is a phishing scam posted in the Orocrypt Slack channel.  This is not from Orocrypt.  @relerer.chair is not associated with us nor part of our team.

Update from the recent progressions in the Orocrypt project:

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- We are now working on the implementation of the gold token Smart Contract, including the web development (platform). We expect to launch it in late September/early October.

- Refunding of the Bitcoin and Ethers were done; followed by the Euros (bankwire) being almost completed.

- We expect to list the OROC tokens during September.  Currently, we are in talks with 2 exchanges.

- The Board passed a resolution about OROC bonuses. All the investors who decided to stay (after the end of the ICO), will receive a bonus as follows:
Investments between 1 and 10 OROC will receive 1 OROC.
Investments between 10 and 20 OROC will receive 2 OROC. 
(And so on.)

- We are aware that the persons who participated in the Bounty Programs did a lot of work for the ICO.  The Board approved a special bonus of 130 OROC for the top bounty participants.  Since there is too many, we will be developing; with Ambisafe; a lottery system to allocate those OROC by random selection in the list.

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Hi ekin4

It is very easy to throw baseless statements.  Can you post on which information or facts are you accusing us of being a scam?.  We wonder which ulterior motives do you have to post false accusations.   FYI, our ICO closed only three weeks ago.  During that time we developed together with Ambisafe a refund page, and as of now we have refunded 100% of all those that invested ETH and requested a refund prior to the 28th July.  We have also refunded 96% of the same BTC requests.  So please.  Get your facts right.