Puregold is a gold e-commerce and physical retailer company based out of Singapore which is launching an ICO for the purpose of funding its gold payment gateway plan. It will launch a 2 tier token structure:
1) PGG – gold backed cryptocurrency which will be the medium of exchange for its payment gateways, stored value cards and payment terminals.
2) PGT – the token that is used to incentivize daily use by acting as a method to offset transaction fees in the platform.
The details for participating in the ICO are given as below:
The fund raising rate is set at 1 ETH = 700 PGT throughout the duration of the ICO with some caveats.
The deadline is set for 6:30 am (IST), March 14th, 2018.
PGT Tokens are given to the participants immediately upon confirmation of the transfer of ETH.
PGG Token
For every 1 ETH sent, 1 PGG Token will be given free along with the proportional PGT tokens to participants. PGG given will be rounded down to the nearest denomination.
Issuance of PGG tokens will be done after the entire Token Swap period is over.
ICO Target and Softcap
The target for the token swap target is set at 50,000,000 PGT.
The softcap of the ICO is set at 10,000,000 PGT which has already been achieved in the ICO.
Bonus Details
5/01-28/01 : 15% Bonus
29/01-11/02 : 10% Bonus
12/02-25/02 : 5% Bonus
26/02-14/03 : 0% Bonus
Early participants would have received bonuses in proportion to the time of participation. In this 2 week period, no bonuses are available to participants.
There are 2 ways of participating in the token sale:
1) Website Sale: You can register in the website puregold.io and after verification of your details, you would receive the ICO contract address from which you can swap your ETH for PGT. The PGG tokens will be allocated post the Token Sale.
2) Coss exchange: The PGT sale is being marketed at the Coss exchange, one of the biggest exchanges in Singapore. If a participant has an account in Coss and decides to participate in the PGT sale, he would receive a bonus of 5% PGT tokens and an extra 5% PGT tokens for referral.
Disclaimer: This article is meant for informational purposes only and is not a substitute for professional advice or independent factual research. No content on this article is intended to, or should be assumed to, be a recommendation to enter into any securities transactions or investment, or an endorsement, recommendation, or rating of the here mentioned project.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
