Interview with Denis Kalinika Community manager of the GoldMToken Project.
What challenge is GoldMToken addressing?
GoldMine Token is implemented as a financial instrument on the blockchain platform and is backed by the industrial commodity (gold).
What is the scale of this challenge?
Raising up investments and collecting funds to run a successful gold mining. In case of prosperous ICO we’ll expand our plots and will offer gold by discounted price.
How does GoldMToken turn this challenge into an opportunity?
There’s an opportunity to buy a cryptoasset (GoldMine Token) whose value is based on Gold by the price lower than market.
• GMT helps you use your gold-backed investments as credible collateral..
• You’ll be able to trade gold quickly and easily.
• You’ll gain higher returns from your gold funds as bullion prices rise.
Can you showcase some team members/advisors which have a strong background? What is their connection with this particular project?
He was participating in another gold-sharia ICO as an advisor. Unfortunately, they did not reach the goal, but we got banded together because we got no such restriction as a sharia or other religion issues – just business. We don’t care. Everyone is welcome.
The guy who got us involved in blockchain. An engine. He introduced us to Amadou Ba and convinced us do not hesitate.
George Danelia – one of the escrows ZrCoin project and Digital Developers Fund, a financial expert, ex-Vice President in Singapore Department of Morgan Stanley, with 12 years of experience in the field of trading and asset management.
Does GoldMToken have any strategic partnerships?
With the Zambia government. They are really interested in such of partnership.
What is the story behind Goldmtoken?
Since 2013, we have invested heavily into exploration and geological research as well as obtaining licenses and local permits. We own a plot of 750km2 with a high percentage of gold and copper confirmed. We have 3 active large scale exploration licenses and 1 active gold mine in Zambia.
What experience does the team have in mining?
Over 4 years + experienced stuff (Geodesical survey and mining experts)
What are the confirmed below ground deposits of each metal?
1500 kg of gold above 35m level is confirmed by SGS laboratory
What are the costs fo extracting these metals?
A little over 6 000 000, but we already invested 2 150 000 so we decided to run an ICO for the rest
What will be the cost of each metal once extracted?
4$ per gramm of gold
What are the main risks in mining and how is GoldMToken mitigating them?
– incorrectly calculated costs
– the accuracy of the geological survey
– the relationship with the authorities (in Africa)
We’re building great connection with local authorities by supporting schools and villages. We have all licenses and paperwork done. Authorities are really interested in investments in their region and they know the way we are collecting funds. So they realise if they discourage with us, the case is going to be really public.
What is the structure of the ICO? (Bonuses, Dates, Market Cap)
21st September 14:00:00 UTC
30th September 14:00:00 UTC
Maximum Cap in Pre-Sale
200 GMT : 1 ETH (discount 50%)
After ICO all pre-sale participants will get 15% of Ether collected during ICO.
1st October 2017 14:00:00 UTC
10th October 2017 14:00:00 UTC
100 GMT : 1 ETH
Buy-back of GoldMine Tokens will be made after ten months.
What are the benefits of the token holder?
Guaranteed buy-back and 15% reward for Pre-Sale participants
What are the requirements to participate in the ICO?
No spectacular requirements, but it depends on the each participant’s country laws.
What are the pros and cons for the token holders?
Pros – token holders are not going to loose money at anyway, even if the market goes down. Cons – the market is still unregulated.
Was there a pre-ico?
It’s just starting
What is the price of the pre-ico and the price of the ico?
50% discount + 15% reward of the ETH collected during ICO for Pre-Sale participants
How many tokens will be issued?
Is there a cap on the ICO?
Sure, 1 200 000 GMT
Would you like to add any further info?
The main difference between our project and other “gold coins” that we do not buy gold and do not offer tokens by the market price of gold. We mine it and sell future gold options at a discounted price.
In which jurisdiction is the company incorporated?
Is this company part of a group of companies?
Yes. There is a mining company in Zambia which is a licenses holder, and a managing company in Hong Kong
In which jurisdiction is the project incorporated?
Will the project be audited and will the audit reports be fully published?
It is already audited and all the licenses and paperwork are at our website
For more information please visit : https://goldmtoken.com
We thank Denis Kalinika for the interview.