Goldma (GMA) ICO Review – ICO Token News
Goldma is combining the best attributes of gold and cryptocurrency. Thus, it resolves the issue of cryptocurrency not having ‘intrinsic value’ by tying it to gold. But, we’ve taken it a bit further in our model. We are not storing any gold. We are immediately selling the gold to the Reserve Bank and buying Ether with the cash that we are paid. So, we don’t have to worry about the security aspect of storing the gold. Our value is immediately digitized onto the blockchain which enables the commodification of gold and overcome the volatility of cryptocurrency which will allow smaller investors to partake in the gold mining sector. So, you are not saving to just save your value (in some vault), you are actually saving to earn a return! Whether the market goes up or down it allows us to give our GMA token holders a 5% royalty (in the form of Ether) every quarter. You do the math – how much is that annually? Goldma (Gold Mining Assets, GMA) operates several gold mining claims already producing and purchasing thousands of grams of gold per year.
Goldchip offers the GMA token. Unlike traditionally investing in gold on the stock market where the market forces of supply and demand are the sole determining factors of the value of your shares as they compare to other commodities. The GMA ICO token value will mirror the generated net profit of the mining company over time as an option available to anyone globally to invest into the exploitation of the gold deposits by completely cutting out the cost of the middlemen, formal barriers, technical obstacles, and personal disclosure. In other words, GMA will exploit the merit of the smart contract, blockchain technology and cryptocurrency, to automatically distribute profits to all users directly.
Goldchip’s application of the Waves blockchain platform:
- To facilitate the purchase of GMA tokens
- Allow owners the ability to make trades on various cryptocurrency exchange platforms
- Allow the collection of profits related to their actions
- To allow GMA token holders to receive a quarterly 5% share of net profits represented by GMA tokens from the gold mining production when such profits are due. Equivalent to 20% per annum profit sharing in a mine with estimated reserves of over $6.2 billion USD.
- To empower future and prospective developers who have the aim of launching and realizing their gold mining projects under the expertise of our team and features of our platform.
Our project aims to
- Decentralize the opportunity to invest in multi-million dollar gold mining projects;
- Enable anyone to inexpensively and securely transfer value anytime, anywhere
- Store value in an asset backed cryptocurrency
- Allow companies and investors a means of receiving and remitting investment/royalties/dividends anywhere, anytime without the barriers of cash
- provide a means of GMA token holders to earn royalties on their investment into our gold mining company.
What is the Ticker for the Token?
GMA is the ticker abbreviation for the Goldchip Mining Asset Token. It will be immediately available on an announced exchange platform. All unsold tokens will be burned. We recommend a wallet like Myetherwallet.com Do not use exchanger such as Poloniex, Coinbase, Binance or any other exchanges otherwise your coins will get lost.
Why do you need to use Blockchain?
Blockchain (smart contracts) is the only technology that can make the global crowdfunding process efficient. The ultimate goal of the GMA coin is to offer investors all over the world a decentralized means of investing into a gold backed currency. As a 2016 foreign investor award winner (in the mining sector); we strive to enhance the lives of those in our local community. By rebuilding the local school, health clinic and providing scholarships to outstanding students; we will continue to be leaders in Good Cooperate Governance. All while, our Gold mining claims will earn you quarterly returns and afford you the opportunity trade on the exchanges or wisely hold our coins as they continue to gain value.
GMA is a Security Token based on the Waves Platform. It is NOT a Utility Token. Token holders will receive royalties every quarter but not equity in the company. All tokens are subject to buy back at market value after 7 (seven) years. You will need to create an account on Goldma.io. You will be able to buy Goldma Tokens (GMA) in the Dashboard of investor panel using multiple payment methods: BTC, ETH, LTC, and DASH. The hardcap is 175,000 ETH. Goldma is breaking new ground and offering investors an easy way to get a return on their investment. To know current trend of ICOs, you can check ICO stats.
- Henry JenkinsCEO and Co-founder
- Daniel PotgieterMine Manager
- George RusikeSenior Geoligist
- Linda MnkandlaCommunications Specialist
- Divyang ChauhanSr. PHP Developer
- Nyarai FemaiCommunications Specialist
- Albert PotgieterProccessing Manager
- Rutendo Femai JenkinsSenior communications specialist
- Edmore ChikooreCommunication Specialist
- 1Q1 2014
Sunrise 60 Gold Mining Claim is found, registered and licensed by Goldchip. Enviromental Management Plan begins.
- 2Q2 2014
Portgieter, Zimbabwean mining veteran, hired as Mine Manager. Camp construction and infrastructure development ensues.
- 3Q1 2015
Enviromental Impact Assessment certificate granted for Gold mining and milling. Exploration activities expanded. Viable Alluvial and Reef gold confirmed via Perfomance Labs.
- 4Q2 2015
Satellite remote sensing ordered from Geoscientific, LLC; locates multiple gold deposits. Private investors invest 2 millions USD.Earthmoving equipment, ball mill, processing units purchased and installation begins.
- 5Q1 2016
Goldchip acquires 5 new mining claims based on successful gols exploration campaign.
- 6Q3 2016
The Zimbabwe Investment Authority selected Goldchip as 2nd runner up in the mining sector as among the top mining companies in the country in respect to mining, good governance and overall investment.
- 7Q1 2017
The Enviromental Management Agency grants Goldchip it's renewal for the Enviromental Impact Assessment certificate.
- 8Q2 2017
Renown mining consulting company - Minxcon completes technical review. Mixcon consulting comes onboard to consult Goldchip regarding gold mining claims and completes technical review.
- 9Q3 2017
On the heels of Minxcon's technical review, Goldchip purchases a 450 tons per day processing plant and begins installation.
- 10Q4 2017
Goldchip begins developing a whitepaper for integrating its current and future investors unto the blockchain. ICO consulting and plans private crowdfunding and whitelisting for March 26, 2018. In addition, smart contract development begins.
- 11Q1 2018
Marketing Campaign and Whitelisting begins for Private Sale. Begins tentative KYC/AML
- 12Q2 2018
Pre-ICO/ICO begins. Plants upgrade continue. Commercial Plant to process free gold comes online, lights fornight shift purchased, 2nd shift begins. Carbon in Pulp Plant ordered.
- 13Q3 2018
ICO ends. GMA Exchange listing, CIP Plant installation begins. High speed Toll milling equipment researched by Minxcon, Toll Milling equipment bought.
- 14Q4 2018
Road development, Camp upgrade, fencing, Toll Milling equipment installation begins, Gold Buying program begins, first royalty payment to GMA tokens holders.
- 15Q1 2019
Toll Milling marketing, road development continues, Camp upgrade continues. Third shift mining starts, 2 royalty payment to GMA tokens holders.
- 16Q2 2019
Additional Gold mine aquisitions, 3rd royalty payment to GMA tokens holders. Community Health Clinic upgrade pan submitted to goverment for approval, Senior Citizen Food program upgraded.
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