Jinbi Token sale highlights gold backed tokens
Jinbi Token is a Switzerland and UK based company. There will be 8.75 million tokens available for the public. To assign gold to a token smart contracts will be used.
Gold-backed Jinbi Token Partners with Gold Mining Company for Golden ICO https://t.co/6oFCCZnyjr $btc $eth $usdt $btg #ICO #PreICO #Cryptocurrency #Blockchain #crypto #JinbiToken #Bitcoin #Ethereum #Token
— Jinbi Token (@JinbiToken) 26 April 2018
Jinbi steps have the ability to revolutionize security of gold assets. They are making efforts to achieve the same using blockchain technology and implementation of smart contracts.
Jinbi has a legal off take agreement with the business partner for mining for the gold production. The gold will be refined at Produits Artistiques Metaux Precieux (PAMP) which is based in Switzerland and Kaloti. The gold will be stored by Jinbi authorized partner. It will then be inspected by Bureau Veritas. Once the gold goes through this process, it will be linked to the smart contract. This will enable the gold to get permanently registered with the blockchain technology.
Andre Rafnsson, Co-Founder of Jinbi stated, “Our expectations are to have 150,000 ounces of gold, linked to smart contracts by 2019. All bars produced are 24 carat gold with a fineness of 999.5. They are delivered brand new and the bars will be available in various sizes from 5g to 12.5kg. Once the gold is allocated it can then be delivered or stored.”
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