Over the past decade there has been an explosion in the demand for cashless, digital payments. Global transaction volumes grew by 11.2% during 2014-2015 to reach 433 billion, partially fuelled by Emerging Asia. In the past 24 months this has been enhanced by the introduction of mobile contact less payment solutions such as Apple Pay, Alipay, Google Pay and a whole host of other innovative solutions. Between 2015 and 2020, mobile proximity payment volume (such as Near Field Communication (NFC) and QR codes) is expected to rise by a compound annual growth rate (CAGR) of 80 percent, which would bring mobile proximity payments volume over US$4 trillion by 2020.Although the gold standard is no longer used in the developed world, many economists have expressed strong views that we should return to it due to the volatility of the U.S. dollar and other currencies.
In making this happen in this era, it was looked into for a better way of exploring in demand for a digitalized cashless payment making, so this brought to the initialization of this platform https://puregold.io/en, to ease the inconveniences arising in making payments. So for this Puregold.sg came into existence in the year 2010 operating in the platform of an e-commerce store selling value-added gold and silver coins and bars. It is one of Singapore’s premier private mints with its own in-house factory. It aspires to be the leading hub of creative quality premium gift coins and bars that are made in Singapore. Apart from physical retail shops, it also runs and manages an online platform, www.bullioncurrencies.com, empowering merchants and consumers to use gold as the base currency for all transactions. With its experience in the gold price market, Puregold.sg stepped into the global arena of gold trading and electronic gold exchanges.
The help of Blockchain towards the Digitalization of Puregold:
The digitization of gold solves the century old issue of gold’s portability as it has always been a difficult asset to move. Gold has always been a difficult asset to move. People would have to buy gold blocks and place them into a secure vault. The process was clumsy, laborious, slow, expensive and vulnerable to hacking, among other problems. The introduction of blockchain quickens the process and makes it easier in protecting your gold, slashing expenses, allowing the asset to be moved effortlessly across borders, all the while shielding your investment from theft and loss. On the other hand, transaction processing for cryptocurrency against fiat based goods is practically non-existent. This is an unsatisfied demand across a cryptocurrency capitalization that has already surpassed US$150 billion.
Why Choose Puregold:
Investors typically buy large quantities of gold when their country is experiencing high levels of inflation. The demand for gold increases during inflationary times due to its inherent value and limited supply. As it cannot be diluted, gold is able to retain value much better than other forms of currency. ICO
Do you know that many are beginning to see commodities, particularly gold, as an investment class all because of its worth and value, ranging for a longer time than the normal currency.
Gold has a profound impact on the value of world currencies. Even though the gold standard has been abandoned, gold as a commodity can act as a substitute for fiat currencies and be used as an effective hedge against inflation. There is no doubt that gold will continue to play an integral role in the foreign exchange markets.
Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages. People see gold as a way to pass on and preserve their wealth from one generation to the next. Demand for gold has also grown among investors. Many are beginning to see commodities, particularly gold, as an investment class into which funds should be allocated. In fact, SPDR Gold Trust, became one of the largest ETFs in the U.S., as well as one of the world’s largest holders of gold bullion in 2008, only four years after its inception.
Puregold is using Ethereum platform as it is currently the most widely accepted platform which offers all the benefits of a blockchain (full traceability, nonrepudiability etc.) and multiple source language implementations that encourage integration. Ethereum will handle only the parts needing consensus, transparency and accountability. Other services will continue to be provided using existing technology.
Puregold Open Platform
Puregold believes that the Gold currency era will require a much wider development community. For this reason, Puregold is providing an open platform that enables companies to build their own products using Puregold API. Many of the features of the mobile platform will be made available for developers to use inside their own payment applications and solutions. Examples of products and services that can be created and provided through the Puregold API include:
- Gold currency wallets
- Gold currency exchanges
- Gold systems for payments on and off-line
- Loyalty programs
- Payments with the use of gold currency and tokens
- Information retrieval
- Automated regular payments
- Receive automatic notification of transactions
The benefits of Puregold has gone to extent whereby it should be considered, this has been a source of revenue to some people and companies depending on their understanding about the platform. One of the benefits is that, Puregold developed API that enables any internet store to display a QR code, which in turn can be read by the Puregold mobile Gold Commerce customer to scan that code and make a payment using Gold currency in the same way as they could at any contactless payment point.
Even as that, Puregold also enables the same benefits of the mobile commerce app as noted previously, it also simplifies the checkout process by filling in essential payment information such as delivery address, contact phone number etc. when scanning the QR code. This is all done instantaneously at a cost for the merchant which is many times cheaper than they pay today. Such benefits are also being applied to offline contactless payment points where there is no need for a human interaction, for example to pay for a parking permit or paying for petrol without leaving the car. See more of this via our white paper, https://puregold.io/doc/Puregold%20ICO%20White%20Paper%20v1.2.pdf
PUREGOD Token and ICI Descriptions
ICO Swap Distribution
Puregold ICO of PGT is officialy conducted in two phases – Pre-ICO and ICO. The targetted maximum number of PGT that will be minted for Pre-ICO and ICO is set at 50,000,000 tokens. Thereafter, no more PGT will be minted.
Puregold ICO Description
15 JAN 2018 – 14 MAR 2018
15/01-28/01 : 15% Bonus
29/01-11/02 : 10% Bonus
12/02-25/02 : 5% Bonus
26/02-14/03 : 0% Bonus
|700 PGT = 1 ETH|
|Minimum 0.1 ETH|
For tokens, partnership and registration please click on; https://puregold.io/en/#icosales
Official website: https://puregold.io/en
Official Whitepaper: https://puregold.io/doc/Puregold%20ICO%20White%20Paper%20v1.2.pdf
Or follow us on our social media;
Twitter @ https://twitter.com/PuregoldICO
Facebook @ https://www.facebook.com/puregoldio
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=994327
ETH wallet Address: 0x50156A1Cd71c18025D319E87ebe2e1d26C6a8cef