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.
The company is reorganising its corporate structure, management team and searching for new partners that can contribute to a redefined business focus.
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