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A mineral revolution occurred in South Africa from the 1870s onwards and led to the rapid industrialization and economic changes around the world. Mining of metals began with the discovery of diamonds at the town of Kimberley, South Africa in 1867. Gradually the word started to spread from towns to cities to countries.
For decades only multinational companies have had the luxury to earn the profits through mining, until now. Golden Alliance 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.
The alliance was established by industry veterans with over 30 years of mining experience as an international investment consortium of mining and consulting companies – to create profits from implementation of gold and other mining investment projects.
The organization offers excellent opportunities to all who would like to diversify their profile with investments in mining projects. The company’s primary mining operations are based in Russia, where the team has 30+ years of experience extracting minerals from the ground.
The Golden Alliance ICO
The group has announced a Golden Alliance Coin (GDA) token sale. 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.
Additionally, 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.
The plan is to raise $50 mln and invest in the mining projects the group is currently working on. $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.
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.
For the ICO, the company will accept most major fiat currencies and cryptocurrencies, including USD, EUR, RUB, BTC, BCH, LTC, ETH, DASH, NEO and Ripple.
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.”
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.”
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.