OneGram (OGC) cryptocurrency Backed by one gram of gold
Backed by one gram of gold
OneGram uses blockchain technology to create a new kind of cryptocurrency, where each coin is backed by one gram of gold at launch.
Historically gold is more resilient, and holds its worth better than any fiat money, particularly in times of economic instability.
No currency can guarantee absolute stability, but OneGram limits your exposure to the downside risk.
Because the base price of OneGram is always at least equal to the spot price of gold, OneGram has a floor price.
Growth with every transaction
Each OneGram transaction generates a small fee. Unlike other cryptocurrencies, in OneGram, this fee is reinvested (net of admin costs) to buy more gold and increase the amount of gold that backs each token.
As transaction volume increases, more gold gets added to the vault and all OneGram owners share in the profit. So, over time, each OneGram is fundamentally worth more by design.
OneGram is an asset class that increases in value. Not just from the price of gold but also from the amount of gold that backs each coin, which increases with each transaction. This makes OneGram a forever increasing valuable asset.
The OneGram ICO
A total if 12,400,786 OGCs are available. The ICO starts on May 8th, 2017, and will end when all coins are sold. All coins will be distributed during the ICO. After that, no more coins will be issued.
To participate in the ICO, you should register with GoldGuard and purchase gold at live spot rates. Then the gold can be redeemed for OGC.
This post will be updated soon with a link to GoldGuard’s website.
FREQUENTLY ASKED QUESTIONS
Is the blockchain public?
Our blockchain is public and all our codebase is open source.
Is OneGram a fork of another coin?
OneGram is a fully customized, unique proof-of-stake coin with over 6 months of development. Spawning from Bitcoin, we further anonymized the blockchain by employing zero-knowledge, dual-key stealth address and ring signature protocol enabling instant, untraceable, unlinkable, trustless transactions.
What is the block size? What is the approximate transaction confirmation time?
The max block size is 1MB, however, the average block time is only 1 minute, so effectively 10x more capacity than Bitcoin.
If the ICO distributes 100% of the total issuance, then will there be mining?
100% of total coin supply is distributed during the ICO. There is no block reward following the ICO, however there is the standard mining fee on each transaction (to prevent spam transactions). Users can run a staking wallet and collect that mining fee.
How is the pre-mine distributed?
100% of the coin’s supply is sold during the ICO.
How will new versions find consensus for adoption? How will the blockchain address soft and hard forking?
We will employ automatic checkpointing with the seed nodes to guarantee consensus.
Will the blockchain source code be open source? Will the wallet source code be open source?
All our code base will remain open source and available on public GitHub repo.
Will the block explorer have an open API?
Yes, we will launch with two different block explorers, both with extensive APIs.
How are you addressing privacy?
We will employ zero-knowledge, dual-key stealth address and ring signature protocol.
What is YalaPay and how do I use it?
Yalapay will be the payment gateway for OneGram coin with fiat conversion including marketing tools and white label loyalty program for merchants, hot deals and discounts for customers. The model will be first introduced in Dubai and Abu Dhabi. The payment institution license is already in place.
How do I get a GoldGuard MasterCard?
GoldGuard MasterCard can be attached to your gold assets in GoldGuard:
Liquid Gold. It’s the next step after we sell the ICO through GG.
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