ICO Project Gdigit (GLDS)
Tokensale Start: 20/02/2020
Tokensale Finish: 15/08/2020
Gdigit is a project that provides users with a GLDS token, the cost of which will be based on the value of gold. The project team is already engaged in gold mining in the Republic of Kazakhstan, the process is fully licensed by the regulatory and supervisory authorities of the Republic of Kazakhstan. In addition, the project team conducted exploration work, which proved the economic feasibility of the project.
Business Model Overview Gdigit (GLDS)
1. The validity of income
The project will receive income from the sale of gold and other precious metals on the exchange. Users will be able to easily purchase GLDS tokens, the value of which is provided with gold in the equivalent of 0.02 grams per token. The project team developed 2 scenarios, depending on what amount it will be possible to collect during the token sale, the parameters of the revenue and expenditure parts of the project are also disclosed. With minimal funding, the authors of the project expect gold mining in the amount of 198,000 grams until October 2021. Revenues during this time will amount to $ 8,910,000, and expenses - $ 2,088,683. Upon reaching the maximum amount of necessary funds, the project team predicts to receive income in the amount of $ 21,505,500 by October 2021, while expenses will amount to $ 2,610,220.
2. Number of currencies accepted
The project accepts 2 liquid currencies, namely: ETH, BTC.
3. Token emission
The project has a limited number of tokens. A total of 15,000,000 GLDS tokens will be issued (p. 30 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 25%.
In the provided flow chart, the project goals are indicated until May 2021 (p. 31 White Paper). The distribution of tokens will be as follows: 83% - “Reserved tokens for public sale”, 5.5% - “Project team”, 1.5% - “Bounty”, 10% - “Private sale”.
6. SOFT CAP / HARD CAP Ratio
The project has an excellent SOFT CAP / HARD CAP ratio, which increases its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 3,500,000 and $ 10,500,000, respectively.
7. MVP availability
The project has been developed by MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token holders.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD