After the sale of Orocrypt Inc. Share Tokens (OROC), the company will issue tokens representing the ownership of 30 grams of LBMA-quality gold in the final quarter of 2017. These tokens will provisionally be referred to as Orocrypt Gold Tokens (ORO.G). They will be registered on the Ethereum blockchain and owners will be able to store them in Ethereum wallets. Like any other ERC-20 token, they will be transferable and thus tradeable on open markets. Additionally, holders can convert them into physical gold through a very simple and transparent redemption procedure.
According to the WGC, global retail gold bar sales totalled 781.6 tonnes in 2018, and global gold coin demand totalled 236 tonnes over 2018. This was the 2nd highest annual coin demand level on record - the previous high for coin demand was 270.9 tonnes in 2013, says the WGC. https://t.co/J4aHt1z9wd