GID Coin Backed with Polished Diamonds and Gold Bullions

in #bitcoin6 years ago

The global market for rough diamonds in the world is more than 150 million dollars, which still cost more than 150 billion US dollars a year.
The gold market is naturally global and gold is continuously traded in all time periods. The most traditional way to invest in gold is to buy gold bars. 

Gold and Diamond Properties of
Natural Resources
Limited
mined
owned by large companies.
Very expensive
GID Target
GID aims to create an international currency: 

The world's two most valuable goods (Gold and Diamond) is covered with.
Powered by Blockchain and secured.
Business Roads
There are two operating modes for the company: 

Purchase the final product (from producers and miners)
Organize all processes (start the process from the start)
The economy between purchasing the final products and the entire path of the raw material to the complete product is up to 5-10 times larger.
The biggest difference is the time. 

Last product purchase takes 1-14 days.
Certified products from mine to safe products (rough diamond and gold dust) lifetime lasts 60-90 days.
The GID plans to use the funds as follows: 

30% is going to buy the final product.
70% is going for production.
The company has sufficient experience and connection to start buying and mining without risk in African countries. 

Using
Blockchain Blockchain is a cryptography protected, tamper-proof, encrypted database that acts as an accounting book that follows digital assets. Instead of being maintained by a single server, such as traditional databases, blocked blocks are deployed and maintained by a distributed computer network from around the world. 

GID, like all blockchain technologies, uses an encouragement-oriented security model. Consensus is based on selecting the block with the highest total difficulty. Miners produce blocks that others check for validity. Among other well-established criteria, a block is valid only if it contains work proof (PoW) of a particular difficulty. 

A miner receives a GID commission from each processed block. No Currency is sent when the block is processed.
All gases consumed by the execution of all transactions in the block presented by the winning miner are paid by the senders of each transaction.
You can use your computer's central processing unit (CPU) to set GID or GPU mining. 

Road map :

Fund Allocation. Most of the expenses will be as follows: 

  • General procurement of raw or final assets 
  • Marketing and Public Relations 
  • Business Development 
  • Legal expenses and taxes 
  • Exhibitions 
  • Cash for goods - Payments for storage 
  • Ethereum costs in the first stage 

Finally,
GID Team has 8 years of experience in the diamond business and 5 years of experience in the gold sector. They have extensive connections in Africa, Russia and Canada. Working closely with gold and coarse diamond miners (government and private) is in contact with Belgian and Israeli diamond cutters and also has links to gold refineries in Austria, the UAE and Andorra. 


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Are you aware that we can print diamonds now? We no longer have to mine them.... They aren't as invaluable as the DaBeers would have you believe.

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