Cryptocurrency that is Linked to Physically Deposited Gold
The Nacreous Coin is a blockchain-based cryptocurrency that is linked to physically deposited Gold in the form of the so-called Physical Gold. A certain number of Nacreous Coins can be exchanged based on a specific formula defined in our offer for appropriate certificates of GOLD RESERVE SUKUK, which at any time can be exchanged for the appropriate amount in cash or Physical Gold. The Nacreous Coin is designed to be used as a generally accepted electronic payment means for all who consider Gold as a traditional, true, secure and value-stable medium.
The Nacreous Coin is a blockchain-based cryptocurrency that is linked to physically deposited gold in the form of certificate of deposit called GOLD RESERVE SUKUK. A certain number of Nacreous Coins can be exchanged based on a specific formula defined in our offer for the appropriate certificate of deposit GOLD RESERVE SUKUK, whereas the certificate can be redeemed by Physical Gold at any time. The Nacreous Coin is designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium.
Globally, customers on the one side, and merchants and servicers on the other side, rely on the value of gold. In former times, gold was a direct payment means, particularly in the form of gold coins. However, Gold has continuously been replaced by bank notes, which nowadays are not, or only to a marginal percentage, backed by state-owned gold. Therefore, the value of the bank notes issued by the different countries rely on the trust that the respective country can pay its bills, only this is lesser than in former times. Especially in less developed countries, the trustworthiness of legal tender moves towards zero.
In this situation, the Nacreous Coin perfectly meets worldwide needs because it is a kind of “cryptonyzed” gold. Each coin represents an imaginary certain weight of gold whereby a certain quantity of Nacreous Coins can be exchanged for CERTIFICATE OF DEPOSIT GOLD RESERVE SUKUK. Furthermore, it will be made exchangeable for all fiat currencies and cryptocurrencies worldwide in the future.
The Nacreous Coin can be transferred borderless, cost-efficiently, securely and in real-time. Its value is predictable because the value of gold has a long tradition, and everybody has an idea about its stability. Therefore, the Nacreous Coin can become generally accepted worldwide. The Nacreous Coin is based on the Ethereum blockchain protocol. Therefore, it is safe, cost-efficient and fast, and allows for the use of smart contracts.
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ICO Advisor | ICO Analyst | Blockchain Researcher Rated on Oct 16, 2018
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No KYC Two team members showing. A very risky proposition here.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Entrepreneur | Data Analyst | Investor Relationship| ICO Marketing & ICO And Blockchain Consultant & Advisor Rated on Oct 16, 2018 Modified on Oct 16, 2018
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NO KYC.. Just Two team members. No Social links found. No MVP.
Disclaimer: This is an independent review on the ICO and does not lead to investment advice. ICOs are risky, kindly do your own research before investment.
There are only two team members nonsocila nedia links , this makes this looks like real scam for a project dealing with Physical Gold.Also both founders failed kyc this is a very big ref flag !!!!
Blockchain & ICO Advisor, Investor, Serial Entrepreneur Rated on Oct 16, 2018
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No KYC, only 2 team members, none of which seem to be technical. I don't even know why it's on ICOBench.
Disclaimer: This is my independent review on this ICO and does not constitute any investment advice. ICOs are risky, kindly do your own research before investing.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
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