GODL gold backed currency
GODL is a digital asset (dAsset) 100% backed by gold, physically stored and tokenized by TUIC. The minimum buy-in of GODL is around 5 cents, based on the price of 1 milligram of gold, making it an accessible investment for anybody with a mobile phone and the internet.
GODL democratizes access to gold and leverages its historic stability against the volatility risks of fiat currencies, cryptocurrencies, and other digital assets. This makes GODL an efficient tool for storing, transferring, and multiplying wealth for those underserved by the current financial system.
GODL is not a cryptocurrency, but a digital gold certificate stored on the blockchain. It is a cost-effective digital representation of gold, which can now be securely transferred in real-time online, serving the widest circle of investors and maximizing liquidity. Finally, GODL owners can redeem their GODL assets for physical gold in bars and coins whenever they wish (based on minimum quantity purchased).
Our Track & Trace technology enables GODL holders to track the journey of their purchased gold from extraction to the vault, ensuring responsible business practices. We provide liquidity from digital to physical gold and our gold reserves constantly meet or exceed the amount of GODL in circulation. All gold is audited monthly in our international vaults.
GODL is not only a stable investment tool for the financially excluded. TUIC reinvests a portion of GODL profits into local communities to create jobs and schools, and support social initiatives. It also promotes sustainable mining practices, serving both local communities and the planet. So all GODL owners become de facto supporters of responsible gold extraction.
U-Coin (UBX) is a digital asset (dAsset) convertible either into discounted ethical gold from the mines that we pre-finance or into TUIC shares.
The supply of UBX is limited to 777,777,777,777 tokens, 5.2% of which will be offered on sale to the public during the first Security Token Offering.
The UBX price will be listed at $0.001618 (USD 1.618 cents) at Security Token Offering, and thereafter will be determined by the market.
Similar to standard futures contracts, UBX is sold to investors to mobilize the necessary capital to pre-finance the extraction of gold, which is then obtained at a discount of up to 20% from the market price.
With the funds raised from UBX investors, TUIC purchases interests in gold mines and pre-finances small and medium scale sustainable miners. This helps us promote fair gold trade and secure future gold bullion at a discounted rate. Then we transfer this gold to our vaults, tokenize it, thus mitigating the logistics risks and increasing liquidity for our investors, and offer it for sale as GODL – our other dAsset 100% backed by gold.
UBX owners have the right to convert their UBX into shares in TUIC after a period of 3 years. Meanwhile, profit margins from gold sales are also shared with UBX owners.
The UBX dAsset is also a means of payment for all Ubuntu Tribe Ecosystem related fees and the only form of payment accepted to execute GODL transactions. In order to buy/sell GODL, owners will need to have 1-2% of the value of GODL in UBX to meet the cost of the transaction fee. Thus the more people adopt our products and GODL in particular, the more UBX appreciates in value.
YOUR GOLD IS:
Why Invest in U-Coin (UBX)?
referral commission paid for any new customer referred
of margins from gold trading are shared monthly
All transaction fees on the platform payable in U-Coin
of all transaction fees allocated to social impact projects selected by token holders
In other words…
- Buy into a proven, liquid yet affordable investment tool: digital gold
- Trust our World Class Team: 70+ years combined experience in blockchain, 50+ years in gold & mining, 30+ years in Media & Tech;
- Build a new economy for a new world: make the Ubuntu Economy a reality.