The story of cyptocurrency has been a roller coaster with the values soaring up and down. We wanted to add some stability, without removing the potential to earn.
In 2019 we made contact with Bullseye Mining Limited and agreed a deal for 20,000 oz of gold to come straight from their source of the North Laverton Gold Mine in Western Australia's World Class Gold Mining Belt. Troy agreed to pre-purchase gold from Bullseye at a discount and the first Gold Products for our customers will become available in Q1 2021.
TROY'S cryptocurrency will be available for purchase during our token sale and early buyers will benefit from sale % bonuses on the TROY GOLD Tokens sold at each stage. The early buyers will earn the highest % bonuses.
The TROY GOLD Tokens can later be traded in, in exchange for Gold Products provided by TROY.
In addition to that, we will provide the option for our customers to use some of their tokens for the upkeep of their TROY Vaults and 50% of those tokens will be burnt. The gold available won't change but the number of tokens will and this means the token burn increases the value of the remaining tokens.
So in a nutshell shortly after Troy’s gold products become available, Troy Gold Token owners will be able to use them to purchase real world Gold Products or continue trading.
Investors often express the opinion that crypto currencies are not regulated and that there is no safety net for them. We agree.
Our first step in addressing this was to have TROY incorporated in Malta one of the world's leading authorities in crypto currency regulation. Our white paper then underwent a full review and passed all the regulations outlined by the Maltese authorities.
We then wanted to make sure that our source of gold was also fully regulated. Our gold supplier, Bullseye Mining Limited is a well-established gold exploration company that holds the mining rights to an area of over 800 sq. km right in the heart of the Western Australian Gold Mining Belt, with the neighbouring gold mining companies having produced AUD$200 billion worth of gold over the last 40 years.
Bullseyes gold Resources have been independently estimated and signed off by 3 Competent Authorities under the JORC* 2012 Industry Guidelines to regulate the estimation of gold Resources and Reserves as required for public reporting on any stock exchange.
*JORC or Joint Ore Reserves Committee Certification is the government approved Australian professional code of practice.
We then went to Amanie Advisors LLC who have recently won the Islamic Economy Knowledge Infrastructure Award at the Global Islamic Economy summit. They are in the process of processing our Shari'ah compliance application, which means that our product and offering will have been validated independently and conforms with the regulation of Shari'ah Law.
George Earl Buckle once said, "To simplify complications is the first essential of success." So we set out to make our products simple to use.
The TROY Vault automatically generates a wallet for you to store your TROY GOLD Tokens and send them to friends and family. You can protect all your passwords and personal files in a digital vault on your phone that with a password and 3 optional layers of biosecurity, is the most secure crypto wallet available worldwide today. It really is Fort Knox in your pocket.
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