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Orocrypt

Digitized Precious Metals On The Blockchain

Orocrypt is a company that issues tokenized assets. It issues ER20C tokens that represent ownership of the digitised assets. The company's first product offers gold investors a safe method to digitize bullion gold, convertible on demand and an online web platform to trade them. It is compatible with all Ethereum wallets allowing for direct P2P transfers. Tokens are secured on the Ethereum blockchain. Orocrypt has launched the OCG gold-backed token, each representing 30 g of LBMA compliant bullion gold. In the future, we will expand to other assets and bespoke tokens.

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~$1,392,000
value of tokens sold in ICO
Ended
Token
OCG
Price in ICO
9.0000 USD
Country
ICO start
14th Jun 2017
ICO end
13th Jul 2017
More on ICO
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About Orocrypt

After the sale of Orocrypt Inc. Share Tokens (OROC), the company will issue tokens representing the ownership of 30 grams of LBMA-quality gold in the final quarter of 2017. These tokens will provisionally be referred to as Orocrypt Gold Tokens (ORO.G). They will be registered on the Ethereum blockchain and owners will be able to store them in Ethereum wallets. Like any other ERC-20 token, they will be transferable and thus tradeable on open markets. Additionally, holders can convert them into physical gold through a very simple and transparent redemption procedure.

In the event of bankruptcy or closure of Orocrypt, holders of ORO.G may withdraw, sell or claim the underlying gold from Orocrypt or directly from custodial storage vaults. The specifics of these processes would be communicated to all token holders in a clear and concise manner. It is important to emphasize that because purchases of ORO.G does not grant ownership to the company under any circumstances, ORO.G holders are not exposed to Orocrypt’s liabilities.

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