Bitcoin forecast 2018 forbes
Over the century history of the Georgian numismatics, the shape, style, inscriptions and images have been changing in accordance with political and economic situations in the country, which bitcoin forecast 2018 forbes reflected the history of development of the country. However, Forbes Georgia had a detailed conversation with Vakhtang Gogokhia, the creator of the first Georgian virtual currency to find out what is the story behind the first Georgian decentralized digital currency and how realistic is the success of this kind of investment in Georgia.
The idea of creation of cryptocurrency occurred three months ago, in May. For them this was was an additional source of income. We also got involved in this field and made a final decision to start up a broader-scale joint project.
We had hard time thinking about the name bitcoin forecast 2018 forbes the currency. We decided to implement the idea where the bitcoin forecast 2018 forbes part of power generation is concentrated.
How is the Georgian cryptocurrency created from the technical point of view and how will it be used by consumers? Our business model is based on a simple principle: Golden Fleece Token is based on the platform of international firm Waves, which allows various companies to use blockchain technologies and create new cryptocurrencies. There are two leading firms in this field: We decided to choose Waves, because it is relatively simple for consumers, it has integrated exchange platform, where one can exchange dollars or euros for our cryptocurrency or bitcoins.
The Waves platform has a website - www. It also has a mobile application, which can be downloaded by a consumer and easily used. So far, Waves works with five currencies: Consumers will bitcoin forecast 2018 forbes able to buy the Georgian cryptocurrency, issued by us, using any of these five currencies.
Since the major part of investors use the platform of ethereum, we decided to sell 50 mln Golden Fleeces on Waves platform and 20 mln — on Ethereum platform. We will keep the remaining 30 mln, to sell them next year. Accordingly, we want to make sure that we provide bitcoin forecast 2018 forbes of information to our potential investors. Any consumer is a potential investor, with no regard whether they invest 10 or 10 mln dollars. Each and every buyer will be a part of the company.
Has the currency been already launched and if yes, how many consumers does it have? On August 15 th we are entering the main stage of sales, we are attracting investors now. We perceive currency buyers as investors. At the present stage, the biggest bitcoin forecast 2018 forbes is Monkey Capital. We have already completed negotiations with them. The purchase will be completed by means of bitcoins and the transfer will be made in tranches every two weeks. As far as the Golden Fleece price is concerned, as from August 15 ththe value of one Golden Fleece will be 80 cents, and from September 15 th to the end of the month — fixed 90 cents.
Further the price will be increased stage by stage. Also, instead of paying dividends, we plan to redeem our own cryptocurrency, thus reducing the turnover of cryptocurrency and bitcoin forecast 2018 forbes its price.
Price alteration will also be influenced alteration of prices of other cryptocurrencies. What was the primary expenditure for bitcoin forecast 2018 forbes of Golden Fleece Token and how do you see its future?
Technically, no big amount is needed to create currency, however, we invested in construction of our server facility and building the data center. We also purchased real property, which will host our final data center.
By now, we have spent thousand US dollars. Part of the money was taken from our own pockets and part was a bank loan. However, income generated at the Pre-ICO stage made almost the same amount. We are planning to use that money to cover marketing and administrative costs, as the most important of this business is confidence building with the consumers.
The prices of cryptocurrencies are characterized with permanent volatility. Critical is still the argument that cryptocurrencies are not secured with anything but demand, which is not stable.
What can you oppose to this? Our business model is different and Golden Fleece is different from other cryptocurrencies. We will build data centers and, accordingly, this will be real property, the material value to secure our currency. Generally speaking, this technology has future and it will necessarily be widely used. New countries and investors are getting involved in this field on a daily basis, and its main technical advantage is simplicity and the speed of transactions.
What are the problems that this field faces and what is needed for its development? In all the countries of the bitcoin forecast 2018 forbes this is an ongoing process. Confidence building is another issue. One of our goals that the first data center, which will be built in the industrial zone of Poti City and will be completed in February,becomes a success story.
After this, we are planning to implement many other projects, which we will start by all means. Presently we are in negotiations with Kutaisi free industrial zone and Tbilisi free industrial zone. We are also considering the option of building several data centers at HPPs. We have already concluded an agreement with Emoney on exclusive tariffs. We are also working in partnership with another project, created by Georgians, which is called Ushba — www.
They are going to have a trade platform, on which our cryptocurrency will be placed. Blockchain Georgia Forum is planned bitcoin forecast 2018 forbes September, where we are planning to make bitcoin forecast 2018 forbes presentation together with Ushba Company.
We are negotiatiing with software producing company Easymine the introduction of a lead software and partnership. We are now planning bitcoin forecast 2018 forbes import server facilities for minimum price and, apart from building of our data centers, we will be dealing with server equipment distribution in the region, which will help us to reduce costs.
Georgia is a small country and its bitcoin forecast 2018 forbes here to spread information, which increases the confidence. This is out plan for