Gram Gold Coin Collaboration’s native and transaction currency GGC is now an addition of KuCoin’s pool of promising and unique tokens.
Deposits are now available immediately with supported trading pairs such as GGC/BTC and GGC/USDT. All trading activities can be done using KuCoin’s official website or to their mobile application. Schedules are as follow:
GGC Buying order: 15:30 November 30, 2018 (UTC+8)
GGC Selling order: 16:00 November 30, 2018 (UTC+8)
GGC Withdrawal: 18:00 November 30, 2018 (UTC+8)
About Gram Gold Coin Collaboration (GGC)
Gram Gold Coin Collaboration manages and issues the GGC through the application of gold bullion with the blockchain as a transaction platform. GGCC aims to integrate product design, interest alignment, and market dynamics to develop GGC’s recognition by all market members as a base digital token for financing, payment, trade, and value preservation that most fiat money and crypto assets cannot produce due to the constraints they face.
Furthermore, with a well-planned collaboration system, GGC is positioned to be soon one of the main base currencies that contribute connectivity, arbitrage, hedging and more.
A GGC is backed by 1 gram of Gold as the value and is transacted within the blockchain so that the gold price maintains its smallest value and secondary transactions can be sent out with a high level of efficiency, confidentiality, and safety. GGCC will distinctly issue different token called GramGold Eco (“GGE”). GramGold Eco will be taken by members of the founder team, advisors and exchanges, who help to continue to retain the overall GramGold Ecosystem (the “Ecosystem”) of GGC and GGE alive.
GRAMGOLD COIN, GGC
GGC is pegged to gold bullion and is based on the Ethereum ERC20 blockchain that is compatibly trading in all large crypto exchanges that partner with GGCC. Each GGC represents 1g of gold bullion registered by a vault statement. For each 1g gold demonstrated by vault statement that is sent via a smart contract through a Proof of Asset (“PoA”), one (1) GGC will be created on the blockchain. GGC has 100% of its value supported by real, physical, gold bullion.
With true intrinsic value supporting it, GGC will work as a safe option for exchanging valuation and providing liquidity in the crypto world. The gold bullion backing GGC will be held by a trusted vault service provider. GGCC itself will not hold the gold bullion at any time. The gold bullion kept below vault will be audited from time to time to verify the actual amount held in reserve. Transaction fees from transactions of GGC will help pay for the maintenance and upkeep expenses of the Ecosystem, including the charges for the vault service provider and auditor.