Quantum Gold initial coin offering (ICO)

Strategic Alliance of Quantum Gold and Gold Mine

Quantum Gold Foundation (Quantum Gold) is pleased to announce that we have executed a term sheet to enter into a strategic alliance with an Australian listed gold mining and exploration company. The company’s flagship gold project has approximately 800,000 ounces of JORC compliant resources, with current and future exploration activities aimed at increasing the amount of gold resources, which will serve as a solid physical asset backup for Quantum Gold token value. This indeed is very exciting news as well as an important milestone in realizing Quantum Gold's project vision in introducing technology innovation into gold mining and exploration companies and fostering a sustainable and profitable gold ecosystem for all stakeholders. Further details regarding this strategic investment will be announced after final approval from the relevant Australian regulatory bodies is received.

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2019-12-14 - 2019-12-14
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About Quantum Gold ICO

Quantum Gold Token (QTG Token) is a cryptocurrency running on Ethereum platform. It is backed by our physical gold reserve and forthcoming production of gold metal from selected gold mines. With its blockchain technology, QTG will enable transparency and trusted P2P exchanges, hence revolutionizing the eco-system in gold related businesses, from mining, production management, to exchange and storage.
The cryptocurrency is backed by Real 999 Gold Reserve (RGR) and Growing Token Reserve (GTR). It operates an end-to-end ecosystem that ensures continuous cycle for fuelling the growth and long-term benefits of QTG Token owners. Our ecosystem and cycle operate as follows:

  • For each QTG Token sold, half of the proceeds, net of expenses, from token sales will be allocated to purchase physical 999 gold and be stored in Real Gold Reserve (RGR). Remaining half of the proceeds will be stored in Growing Token Reserve (GTR), which will invest in selected gold mines; whereby, every year in return, an agreed portion of gold production from the mines will go to the Real Gold Reserve (RGR).

  • In every calendar year QTG will liquidate up to 10% of the total RGR to purchase (buy back) QTG Tokens from open 3rd party exchanges. For the QTG Tokens purchased, net of expenses, will be added back to the Growing Token Reserve (GTR), which will harvest other new mines in next years to come.

  • Upon meeting predefined conditions in the DAO model, QTG Tokens in the GTR will be mobilized to facilitate a new Token Sales cycle targeting private professional investors. Proceeds from token sales will go through another cycle as outlined in (1). This cycle will continue and fuel the ecosystem of QTG Tokens. These mechanisms will be handled and managed through a blockchained and DAO model.

  • Upon fulfillment of the total token sales target (120,000,000 QTG tokens) and meeting predefined conditions in the DAO model, the foundation may issue new tokens to acquire selected gold mines. This ongoing approach will fuel token value by new quality assets, and with that we could then decide the phasing and pacing to surface gold underground.

  • The foundation will proactively invite mine companies which prefer to keep control of their shares to launch independent token sales program on the QTG Blockchain. This in return enriches the QTG ecosystem and creates extra demand for QTG tokens.

  • QTG Token offers token owners the intrinsic upside growth potential prominently created in the cryptocurrency market. The downside risk is limited and minimized, with its value backed by physical gold reserve, the buyback policy and forthcoming gold production from selected mines. 

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    ICO Analyzer Bot
    Rated on Sep 24, 2018

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    C.Y Pang

    Project Head

    Priscilla Leung

    Operation Head

    Kun Yu

    IT Head

    Quantum Gold milestones

    December 2017

    WePower idea

    January 2017

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    January 2019

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    March 2018

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    November 2018

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    September 2016

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