We join the blockchain technology with precious metal storage. We deliver a bearer digital receipt over blockchain strictly equivalent to amount of precious metal stored into free port caveaus fully insured and indipendently audited.
Current Status
We have the whole technological infrasctructure developed, tested and deployed (both blockchian smart contract and webapp for direct and indirect customer service fruition).
Agreement with two caveaus provided signed (on in Italy, one in Switzerland), first 6 affiliated dealers distributed between Italy, Turkey, Austria, Switzerland, Hungary, Hong Kong.
Market
We have two main markets, gold bullion investors market, and cryptocurrency owner market. We are approaching gold investors affiliating worldwide authorized gold dealers, and we are approaching cryptocurrency owner by our decentralized exchange.
Problem or Opportunity
Gold is a great asset since it retains value over time but is not transportable, fractionable, easy to spend and assessing its quality is expensive and complicated.
Solution (product or service)
We store 24K gold bullions into our network of caveaus and release one digital certificate (token) over EOS blockchian for every 1/1000 of OTZ kept. Customers can then exchange their gold, or redeem it in form of metal,currency or services/goods
Competitors
https://digix.global
We are better than digix since we have a distributed shops dealer network that allows to redeem the precious metal or the currency worldwide.
We have multiple valuts geographically distributed.
Our pricing is more competitive.
https://www.bullionvault.com/
We release the digital receipt on the blockchain making the precious metal easy to exchange online also on the crytocurrency exchanges.
Advantages or differentiators
With our service precious metal is simply exchangable everywhere and divisible like never before. In fact the digital receipt can be traded online over crypto exchanges or redeemed through the network of shops of affiliated dealers. In this way we join the network of traditional precious metal dealers along with the dynamic crypto community.
Finance
See table in pitch pdf
Business model
DSC get 1/1000th of exchanged token every transaction and holds 1.5% commission for every gold deposit - una tantum.
Money will be spent on
Setting up two funds that will be responsible to provide first DSGs batch to both Cryptocurrency owners and traditional gold bullion investors.
The risk of fund investment is extremely low since its activity is buying gold.
