For decades various multinational companies around the world have been mining gold and other metals. Russia is the third largest gold producer, after China and Australia. This industry is so big that it directly impacts every nation’s economy.
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Now in the Blockchain age, Golden Alliance, a mining consortium from Russia, has made it possible for regular individuals to purchase a part of its portfolio by bringing it to market via ICO, as well as creating an opportunity to gain profit through the volatility of token market prices.
Golden Alliance was established as an international investment consortium of mining and consulting companies to create profits from implementation of gold and other mining investment projects.
The Golden Alliance ICO
The group has announced a Golden Alliance Coin (GDA) token sale to raise $50 mln and invest in the mining projects the group is currently working on.
Out of which $25 mln is planned to be used to purchase 25 percent of Golden Alliance. The funds exceeding this amount will be invested in the future portfolio of gold and other ore mining Golden Alliance projects.
People will get paid dividends in the form of gold or cryptocurrencies. Dividends will be issued proportionally to the number of tokens you hold.
Investors are likely to make significant profits from the guarantee of investments which are actually in real gold, silver and other precious metals, and in gold reserves. Furthermore, investors will also benefit from the company’s investments in exploration, verification and extraction in the fields and at new mines the company plans to explore.
Oleg Pavlyuk, Director for Corporate Development and Legal affairs at Golden Alliance says:
“We are sure that we offer excellent investment opportunities for all those who would like to diversify their portfolios with investments in ore mining projects, taking into account that, according to Metals Focus analysts, the gold price will show an upward trend, which will have a positive impact on the income of gold mining companies in various countries of the world.”
The ICO is scheduled to begin on Nov. 27, 2017, and will last for 31 days. There’s a total supply of 500 mln tokens. One GDA token is equal to about $0.10.
Of the tokens, approximately 450 mln are available through the ICO. 10 mln tokens (two percent) are reserved for bounties, and 40 mln tokens (eight percent) are for “the input into the domestic economy, as well as for creators.”
Golden Alliance is also planning to conduct a buyback program in the future. Token repurchasing is expected to begin in 2019.
“Repurchasing of tokens seems to be rather attractive for investors due to their liquidity and volatility,” stated a member of the team.
The team behind Golden Alliance
With more than 30 years of mining industry experience. Key members of the group include Nikolay Tsyganov – mining engineer, Vyacheslav Miklyayev – director of geology, Vitaly Menshikov – chief geologist and many more.