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 are expected to 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 used to purchase Gold Products provided by
We have a fixed number of Troy Gold Tokens and a fixed amount of gold.
We burn 50% of the tokens used as monthly payments for the Troy Vault.
The other 50% will be split, with 25% going for the upkeep of the business and 25% going
to customers who successfully recommend the TROY Vault.
The amount of gold available won't change but the number of tokens will reduce and this
means with less tokens in circulation the remaining tokens increase in value and buying
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.
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 under EU law 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
under the Virtual Financial Assets Act 2018.
We then wanted to make sure that our source of gold was also fully regulated. Our gold
supplier, Bullseye Mining Limited is an Australian public company regulated by the
Australian Securities and Investments Commission (ASIC).
Bullseye holds the mining rights to an area of over 1200 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. This means that our product and offering has been validated independently and conforms with the regulation of Shariah 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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Fully licenced and regulated Gold Mine
Our gold supplier Bullseye Mining Limited is a well-established gold exploration company that holds the mining rights to an area of over 1200 sq. km right in the heart of the Western Australian Gold Belt.
Bullseye has an Australian Government compliant 270,000oz JORC 2012 gold Resource.
Although Bullseye have obtained 270,000oz JORC 2012 gold Resource, they have only
surveyed 4.5% of their mining rights. Bullseye intend to explore the entirety of their mining
rights and are optimistic that over 1,000,000 ounces of gold will be found within this 1,200
sq. km area. Neighbouring mining operations have extracted over 100 million ounces of
gold to date (over $200 Billion AUD).
Increasing gold value Gold's market spot price has been typically increasing over the past 40 years.
The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code’) is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and Ore Reserves.
The JORC Code provides a mandatory system for the classification of minerals Exploration Results, Mineral Resources and Ore Reserves according to the levels of confidence in geological knowledge and technical and economic considerations in Public Reports.
Public Reports prepared in accordance with the JORC Code are reports prepared for the purpose of informing investors or potential investors and their advisors. They include, but are not limited to, annual and quarterly company reports, press releases, information memoranda, technical papers, website postings and public presentations of Exploration Results, Mineral Resources and Ore Reserves estimates.
The JORC Code was first published in 1989, with the most recent revision being published late in 2012. Since 1989 and 1992 respectively, it has been incorporated in the Listing Rules of the Australian and New Zealand Stock Exchanges, making compliance mandatory for listing public companies in Australia and New Zealand.
The current edition of the JORC Code was published in 2012 and after a transition period the 2012 Edition came into mandatory operation from 1 December 2013.
Positive industry projections Industry experts are anticipating the price of gold to rise substantially over the next 5 years. Mike Mahoney, a crypto enthusiast and founder of GoldSilver.com, claims gold is breaking all time record highs in AUD and belives that 2019 will be the year for commodities.
Products priced in GOLD tokens, with secure delivery TROY is the world's only cryptocurrency producing a range of 'Gold Products', which will be offered for sale regardless of the global market value of gold bullion. If the global spot price of gold increases the value of your product/s will also increase.
'GOLD tokens' will always be able to purchase a product containing a weight of gold. At launch, it is anticipated that 1200 'GOLD tokens' will allow the purchase of a product containing 1oz of TROY's gold product. As the 'TROY Vaults' adoption grows, this price may lower to as little as 600 'GOLD tokens'.