TruGold is an electronic distribution system to digitize the production of gold for peer-to-peer daily transactions, trading for other digital currencies–or to redeem for physical gold.
Gold-backed ERC20 Smart Contract system!
There are certain properties that are ideal for money. Digital Gold has all features of gold without the traditional security drawbacks.
Blockchain technology is disrupting industries like supply chain, payment networks and banking by creating a decentralized fair and equal system.
Blockchain-driven decentralized payment network that allows for fast and convenient payments and peer-to-peer transactions.
Decentralized media broadcasting and television network for distributing profits paid by affiliate advertising networks.
TRUGOLD tokens are used to trade digital gold, build smart contracts and access the TruGold Network. The network provides access to trade responsibly-produced gold that has been stored with trusted third-party custodian vaults and tokenized for peer-to-peer transactions on the blockchain. Selected mining companies are given the opportunity to supply gold to the network and services are provided to authenticate gold received and stored with trusted third-party custodians.
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. A blockchain can serve as an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. Frequently, blockchains are managed by a peer-to-peer network which requires collusion of the network majority in order to change previous blocks. This enables decentralized consensus and makes blockchains inherently resistant to data modification without the need for trust of a central party. In turn, this makes blockchains suitable for recording of events, identity, transactions, provenance, property titles, supply chains and food traceability, among many others.
*Unsold tokens from the ICO period will be burned
The idea for creating a gold supply chain that also functions as a payment network was born. Since blockchain technology allows us to perform permission-less transactions, we can now cryptographically secure digital gold transactions in a peer-to-peer ecosystem--making gold a very liquid asset.
White Paper was drafted and developed on this date and has gone through some revision since the idea was first conceived.
The Private Presale is taking place for early participants of the Trugold Network.
Acquisition process of purchasing property containing a gold mine.
TRUGOLD is established as a utility token on the CJCLIVE Private Network. CJCLIVE will use the TRUGOLD token as a media currency on its private television network.
International expansion of TruGold and the CJC Network is planned to take place on or before August 2019.