ONEGRAM

ONEGRAM (OGC) – Gold Backed Cryptocurrency

By in ICO on May 14, 2017
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Specification
ONEGRAM

ONEGRAM

OneGram means to settle financial issues by utilizing blockchain innovation to make another sort of cryptographic money, where each coin is supported by one gram of gold at dispatch.

Furthermore, every exchange of OneGram Coin (OGC) creates a little exchange expense which is reinvested in more gold (net of administrator costs), in this way expanding the measure of gold that backs each OneGram. In this manner, each OGC increments in genuine incentive after some time, making OneGram one of a kind among cryptographic forms of money.

OGCs are durable and can be kept safely in your cryptographically secure wallet. OneGram has an intrinsic value because it’s backed by physical gold.

The OneGram ecosystem will offer merchant apps and payment processing services, making OneGram an excellent medium of exchange all around the world.

OneGram is a comprehensive Sharia compliant product and follows the three basic criteria for trading in Islamic finance: There is no interest mechanism in the issuance of OneGram, profit-loss sharing is part of the rewards scheme, and there is minimal speculation as OneGram is an asset backed by physical gold.

 

 

History Of Cryptocurrency in Short

Around eight years back, a pseudonymous cryptographer Satoshi Nakamoto presented Bitcoin as an advanced simple to gold: Limited in supply, yet secured by current cryptography, and made for the web age.

Taking after Satoshi’s strides, many attempted to enhance Satoshi’s unique vision, and a large number of option cryptographic forms of money were conceived.

In spite of huge late improvements and advancement, the market for cryptographic forms of money stays exceptionally specialty. Digital forms of money still have weaknesses that demoralize standard use, specifically high instability and obstructions to passage. It’s likewise important that current digital forms of money have not been outlined in light of Islamic markets. While the 1.6 billion Muslims make up more than 23 percent of the total populace, numerous Muslims essentially can’t utilize digital forms of money as a result of their limited legitimate status and high obstructions to passage in numerous nations in the Islamic world.

ONEGRAM (OGC) In Gold we Trust

Backed by one gram of gold

OneGram uses blockchain technology to create a new kind of cryptocurrency, where each coin is backed by one gram of gold at launch.

Historically gold is more resilient, and holds its worth better than any fiat money, particularly in times of economic instability.

No currency can guarantee absolute stability, but OneGram limits your exposure to the downside risk.

Because the base price of OneGram is always at least equal to the spot price of gold, OneGram has a floor price.

Growth with every transaction

Each OneGram transaction generates a small fee. Unlike other cryptocurrencies, in OneGram, this fee is reinvested (net of admin costs) to buy more gold and increase the amount of gold that backs each token.

As transaction volume increases, more gold gets added to the vault and all OneGram owners share in the profit. So, over time, each OneGram is fundamentally worth more by design.

OneGram is an asset class that increases in value. Not just from the price of gold but also from the amount of gold that backs each coin, which increases with each transaction. This makes OneGram a forever increasing valuable asset.

 

What is Sharia and Gold speculations ?
New Ideas for Money According to Sharia
Gold Investments and Sharia
Specialized points of interest of OGC
Purchasing and Redeeming OGC is simple
How you can get some OGC Coins with ICO ?

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