GIDCOIN
GIDCOIN ICODear reader, Just as my usual practice of bringing valuable and profitable information across your way, let me quickly give you information about this great innovation known as "GID COIN". Please sit down and relax your nerves as you read. Also, I encourage you not only to read, but also to take an important step as part of this great innovation.
ABOUT GID COIN
GIDCOIN want to make international currency covered by two most valuable precious goods in the world,powered and secured by Blockchain.We are professionals with 8 years of experience in diamond business and 5 years in golden business. Have broad
connections in Africa, Russia and Canada. Working very close with
miners of gold and rough diamonds (governmental and private) have connections with Belgian and Israel cutters of diamonds and also have connections with gold refineries in Austria, UAE and Andorra.
Ways of Work
There are two ways of work for the company:
- Purchase the final product (from producers & miners)
- Arrange the whole proces (start the process from the beginning)
The economy between purchasing of final products and carrying out of all the way of raw materials to the complete product is enormous up to 5-10 times.
The major difference is time.
The major difference is time.
- Purchasing of final product takes 1-14 days.
- The lifetime of raw products (rough diamonds and golden dust) from mine to safehouse as certified product takes 60-90 days.
GID plans to use the funds as:
- 30% goes for purchasing the final product.
- 70% goes for the production.
Company has enough experience and connections in African countries to start purchasing and mining without risks.
Using the Blockchain
The blockchain is a tamper-proof, encrypted database secured by cryptography that acts as an accounting ledger keeping track of digital assets. Instead of being maintained by a single server like traditional databases, blockchains are decentralized and maintained by a distributed network of computers around the world.
GID, like all blockchain technologies, uses an incentive-driven model of security. Consensus is based on choosing the block with the highest total difficulty. Miners produce blocks which the others check for validity. Among other well-formedness criteria, a block is only valid if it contains proof of work (PoW) of a given difficulty.
- A miner receives a GID commission from each processed block. No Coins are emitted once the block is processed.
- All the gas consumed by the execution of all the transactions in the block submitted by the winning miner is paid by the senders of each transaction.
- You can use your computer’s central processing unit (CPU) to mine GID or arrange GPU mining.
Roadmap
Fund Allocation
Most of expenses will be as following:
• General purchases of raw or final assets
• Marketing and PR
• Business Development
• Legal expenses and taxes
• Exhibitions
• Safehouse for goods – Payments for storage
• Ethereum costs at the first stages
• General purchases of raw or final assets
• Marketing and PR
• Business Development
• Legal expenses and taxes
• Exhibitions
• Safehouse for goods – Payments for storage
• Ethereum costs at the first stages
✅Website: https://www.gidcoin.io/
✅Whitepaper: https://gidcoin.io/wp-content/uploads/2018/05/WhitePaper_En_GIDCOIN_0418.pdf
✅Twitter: https://twitter.com/gid_coin
✅Facebook: https://www.facebook.com/gidcoin/
✅Reddit : https://www.reddit.com/user/GIDCoin/
✅Medium : https://medium.com/@gidcoinchannel
✅Telegram Group: https://t.me/gidcoin
✅LinkedIn: https://www.linkedin.com/company/gidcoin/
✅Whitepaper: https://gidcoin.io/wp-content/uploads/2018/05/WhitePaper_En_GIDCOIN_0418.pdf
✅Twitter: https://twitter.com/gid_coin
✅Facebook: https://www.facebook.com/gidcoin/
✅Reddit : https://www.reddit.com/user/GIDCoin/
✅Medium : https://medium.com/@gidcoinchannel
✅Telegram Group: https://t.me/gidcoin
✅LinkedIn: https://www.linkedin.com/company/gidcoin/
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