PureGold.sg was started in 2010 as an e-commerce store for selling or buying Coins or Bars of Gold or Silver. PureGold is Singapore based company. This company is not only have physical retail shop as well as they manage and runs an online company too, www.bullioncurrencies.com Which assist online users to use gold for all their trasactions. Puregold is not limited scope, they also won the Asia Pacific Top Excellence Brand Year of 2012. BullionCurrencies PVT LTD is a subsidiary of PureGold.sg PVT LTD. PureGold team believes in Gold, they think Gold is Money.
In this blockchain era puregold doesn’t want to leave their chance. So they decided to launch online project based on Blockchain. The first payment gateway using PGG which will be supported by Gold.
PureGold has offering two crypto currencies name as PGT and PGG on different ledgers. PGG price will be based on physical gold and price will set at current market rate.
Some components which PureGold platform has.
PureGold stored value card: PureGold will isuue value cards to their cunsumers which can store both PGG and PGT.
PG payment terminal: Merchants can accept PG Cards for payment values of product.
PureGold dispenser machine: This machines will be available in few years, if everything went well.
PGPay payment gateway: To completes the suite of back end system and front end system app to run online and mobile transactions.
Is PureGold is differnt than other gold crypto’s!
PureGold will be first payment gateway which will use PGG supported by Gold.
Two tokens one PGT for transactions on site and second one is PGG as a digitized form of physical gold.
100% transparency of Gold in storage will be available.
PureGold using third party Safe House to store physical gold.
Fastest registration process and and user identification process.
Application Programming Interface (API) for supporting application software.
PureGold is based on Ethereum blockchain tokens. They chosen Ethereum blockchain because it is most suitable and easy accessible platform which provide all blockchain needs at one place. Lets see some applications and functions which PGG is going to launch or use. Saving Storage: PGG offering long term and secure storage with some options like converting the gold to fiat or to some form of crypto currency such as LTC, DOGE, BTC, etc.
Specifications of PGG and PGT token
Emission: PGG never exceeds total amount of storage of gold. PGT emmited in a limited supply.
Exchange rate: 1 PGG = 1 gram of gold plus 5% commission. Variance between PGG and gold is no more than 4%. 1 PGT = 1 ETH definitely rate will be depend on exchanges.
Applications: Depends on agreement by PGG. Used for transaction fees, exchange for goods or services.
Features: Price depends on Gold price. PGT price depends on public demand.
Token swap: PGG will launch after token swap. PGT will released via token swap.
PureGold platform: KYC needed to use PGG on platform. PGT can be used anywhere online. Also on puregold for transaction fees at low rate. For exchange of goods and services.
Token Swap details
Total Token supply: 50,000,000 PGT
Minimum Target: 10,000,000 PGT
Minimum join: 0.1 ETH
PGT rate: 1 ETH = 700 PGT
If puregold failed to raise minimum target of 10,000,000 PGT then they will return ETH to participants.
PureGold Contact Links