The UK as well as Belarus-based gold-backed blockchain business, Jinbi token today goes live with its main sale. Ideally, by utilizing the smart contracts, as well as linking it to gold means it will be exchangeable and a more secure and also trusted value source.
The cryptocurrency market starting with Bitcoin adopted some benefits of gold and now Jinbi token is not to be left behind in partnering with a gold company. This will definitely give the Jinbi token holders the best experience of both sides as they will enjoy all the benefits of cryptocurrencies and gold in a very secure, traceable and transparent environment.
Andre Rafnsson, Co-Founder of Jinbi Token expressed his excitement for the launch of the main sale and noted that the support received from the pre-sale was overwhelming. He also talked about token bonuses offered across each week in that there is a 15% bonus on week one, 10% week two and 5% week three.
Before this launch, Jinbi had pre-sale whereby more than $8Million was raised meant to power the platform with the remainder tokens offered in the main sale for investors. Jinbi tokens will then be available for purchase when the ICO fundraising.
The Jinbi token holders will have a direct benefit and share the profitability from gold production at source. Jinbi will simply create liquidity events as result of the production milestones in that each coin holder receives a dividend that is payable in the physical gold or just Jinbi token. The other funds are then reinvested into Jinbi for further gold production.
Also, the token holders are allowed to receive reports on cryptocurrency investment as well as the precious metal on a quarterly basis. However, to receive that report, one must invest in the main ICO a minimum of 1 ether.
The token provides a cryptocurrency enthusiast as well as an investor market for the precious metals with a value preservation solution including an accountable and innovative structure by a blockchain smart contract. Those Jinbi tokens delivered through a smart contract are basically documentation invested gold holdings.
What it really means is that the tokens are assigned the gold through the smart contracts which means every piece of gold is accounted for all the way from it being mined to storage.