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Home News Golden Alliance Coin Announces ICO - For Mining Gold

Golden Alliance Coin Announces ICO – For Mining Gold

The Golden Alliance Group has announced a Golden Alliance Coin Token Sale with a view to raising $50 million to invest into mining projects the group is currently working on.

The ICO to be held from September 7 to October 6, 2017. The group is an international investment group of mining and consulting companies created in 2002 to make profit from implementation of gold and other mining investment projects and to increase investors’ income by raising the real value of assets and their liquidity.

The activities of the group include selecting and purchasing investment attractive facilities of subsoil use (enterprises, fields and promising deposits), implementing investment projects based thereon to establish efficient enterprises, managing these projects and raising funds for their implementation.

Since its establishment, Golden Alliance has gained considerable experience in managing mining projects, which have received investments for exploration, evaluation and development of solid mineral fields, primarily gold, as well as for development and adoption of innovative technologies in mining and processing industries. All their projects are implemented by the expert team with more than 30 years of experience in mining industry.

The group has elaborated a model of future profit distribution for token holders using a token repurchasing mechanism. Tokens will be issued as debt obligations. As a limited partner, the Golden Alliance Coin will get a share in the group and undertake to use it for repurchasing tokens (100%) at the market price with net profit made from development of fields and mining of gold, silver and other metals.

“Repurchasing of tokens seems to be rather attractive for investors due to their liquidity and volatility,” stated a member of the team.

Using gold, silver and other metal reserves at its own fields, which are confirmed by international companies, the coin guarantees investments within the ICO by its gold reserves. Investors will be able to make additional significant profit from the company’s investments in exploration, verification and extraction in the existing fields and at new mines the company plans to explore.

For the first time, the Golden Alliance Coin plans to issue not only its own electronic cryptocurrency but also its standard as golden coins and gold bars of various value.

These golden coins will have their own quotations and their value will depend not only on the value of gold they will be made from but also on the value of Golden Alliance tokens (GDA) at the cryptocurrency exchange. Thus, the value of Golden Alliance tokens (GDA) will be lower than the value of its golden equivalent.

Besides, the company will be able to pay a part of dividents to the investors both transferring funds in cryptocurrency and, upon the wish of investors, in golden equivalent.

“We are sure that we offer excellent investment opportunities to all who would like to diversify their profile with investments in mining projects, taking into account that, according to Metals Focus analysts, this year, the gold price will show an upward trend, which will improve income of gold mining companies in various countries of the world,” noted Oleg Pavlyuk,  Director for Corporate Development and Legal Affairs.

For more information visit their website here.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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