The Good Gold Coin, a Crypto Token
48,645,838 tokens = 48,645,838 grams
We democratize access to Good Gold. We do so by creating a crypto token: the Good Gold Coin (GGC).
1 GGC TOKEN REPRESENTS 1 GRAM GOLD
Every Good Gold Coin (GGC) has the equivalent price of 1 gram of gold, stored in one of our natural Fort Knox vaults. Together with our Good Mines and Mining partners, we have indexed all the estimated gold that is in the mine, in a mountain. We virtually assigned all the gold per gram of the inferred reserves, this way every gram is numbered and therefore included in the block-chain token. Open and transparent.
In our new money concept, every GGC equals one gram of gold stored in one of our natural Fort Knox vaults. In this way we virtually assign 48,645,838 grams (or 100%) of the estimated inferred reserves of our actual hardrock mining exploration projects. Technically, each gram of gold protected from exploitation has its own serial number which is included in the blockchain token.
Using block-chain technology, we represent unmined gold reserves with GGC tokens on Ethereum. The transparency, security and traceability of the block-chain ensures that GGC Tokens can be transacted and transferred with full visibility and authenticity. Not only does the immutable ledger heighten security, the smart contract platform eliminates possible human error and any risk of fraud.
1% CHANGES EVERYTHING
People who buy a token also help a GOOD projects. Every time you transfer an amount of tokens you have the ability to back up a GOOD project of your choice by giving them 1% GOOD transaction cost. The token will refer to this project within it’s block.
Why the blockchain?
In order to connect all the dots and ideas that are good for our planet and act with the best intentions, we need to be transparent. That’s why we decided to use the block-chain. Every project will benefit and profit for every other project, so on and so forth.
We begin by adding value to underpin our new block-chain technology. True value (covered by the most important asset: Mother Earth itself), and with the possibility to buy Good Gold and therefore, help protect the future health of our planet.