Published On: Sun, Jun 18th, 2017

Orocrypt ICO : Digitized Precious Metals on Ethereum Blockchain

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Panama-based blockchain platform Orocrypt has announced the start of their token ICO. The crowd sale began June 14, 2017, at 6:00 AM (PDT) and finishes on July 14, 2017, 6:00 PM (PDT). The Orocrypt ICO gives investors and cryptocurrency enthusiasts a chance to get their hands on some of the Orocrypt (OROC) tokens.
[Note: This is a press release.]
The Orocrypt platforms native token holders are considered shareholders in the organization. OROC tokens are built on Ethereum Blockchain and are therefore fully compatible with all ether wallets.
Orocrypt offers investors who are hesitant to invest in traditional cryptocurrencies an opportunity to invest in a digitized version of precious metals like gold. After their ICO, Orocrypt plans to launch their gold-backed (ORO.G) tokens, with each token backed by 30 grams of LBMA compliant gold bullion.

Once the digitized gold tokens go live, Orocrypt will charge a small commission fee of 1% of gold spot price on the sale of all tokens. When sending ORO.G tokens, users can expect to pay a comparatively small transaction fee of 0.4%. During the crowd sale, it is in investors’ interest not to buy minimal amounts, as fees for buying 0.5 to 0.9 ORO.G tokens is 5% and 10% for 0.1 to 0.5 tokens.
The OROC tokens …

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