With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Troy’s primary mission is to use blockchain technology to provide an alternative method to raise funds in order to aid the transition of Bullseye Mining ltd, from a gold exploration company to a fully-fledged gold mining company.
"Mining, in the context of blockchain technology, is the process of adding transactions to the large distributed public ledger of existing transactions, known as the blockchain. The term is best known for its association with bitcoin, though other technologies using the blockcahin employ mining. Bitcoin mining rewards people who run mining operations with more bitcoins.
Blockchain mining involves adding transactions to the existing blockchain ledger of transactions distributed among all users of a blockchain. While mining is mostly associated with bitcoin, other technologies using a blockchain employ mining as well. Mining involves creating a hash of a block of transactions that cannot be easily forged, protecting the integrity of the entire blockchain without the need for a central system."
With that being said, TROY is developing the world’s most secure multi-function cryptocurrency wallet, whilst maintaining simplicity for inexperienced users via easy to use cross platform mobile and desktop applications.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is TROY GOLD?
As depicted above and as indicated on the official website of TROY GOLD, TROY is a cryptocurrency that can be exchanged into gold or fiat. TROY is backed up by real gold, which is 20,000 oz of gold bars supplied by Bullseye Mining Limited (Australia) that can be owned by users by purchasing it using TROY tokens.
But is that only what makes Troy special? not! Troy more than that, Troy has a technology and storage warehouse that will store Troy Gold Tokens & other cryptocurrency, storage for personal files and media.
The TROY Vault is the world's leading cryptocurrency wallet in terms of security and ease of use. You don't need to worry about your assets in TROY Vault, because TROY Vault is a safe and secure storage place.
Reasons why TROY Vault is Dependable?
Secure & Simple
Offering triple lock biometric security, customers can combine or use separately facial, retinal, thumb print or password as the access key to their Vaults.
Confidentiality & Privacy
Your private keys are stored only on your phone which means they cannot be accessed from any outside source or be stolen from cloud based storage.
Ether & Token Support
Through TROY's connection to the Ethereum Blockchain, users will be able to send any token or Ether to friends or family – quickly and easily, even if they don't have an account or wallet!
Supported by 'real' Gold Mining Companies
As you have read before, Troy has a supply of approximately 20,000 oz of gold ($ 27,000,000 USD) from Bullseye Mining Limited, coming directly from their North Laverton mine site located right in the heart of the World Class Gold Mining Belt in Western Australia. This is what makes Troy a reliable platform.
The Individuals that TROY are meant for?
Crypto holders who might want a genuine outlet for their digital money through TROY's items.
Individuals who wish to tie down access to their computerized resources in cryptographic money's most secure wallet – The TROY Vault.
Individuals who wish to get to digital money through a simple to utilize the application.
Individuals who wish to acquaint their companions or associates with digital money without a confusing procedure.
The individuals who worth TROY's consolidation in Malta.
Institutional financial specialists entering crypto markets can buy TROY's GOLD tokens rather than conventional, increasingly unpredictable tokens so as to ensure their possessions.
Built in Burn Tokens
Subscribing to TROY Vault can be paid using the GOLD Token. We will burn 50% of the tokens we receive for Vault payments. This means your remaining tokens can buy more real-world gold products. In short, the more we burn, the more purchasing power your tokens have. Early investors also receive bigger bonuses & will benefit especially from burning these tokens.
Peace of Mind
No matter what happens in the crypto currency market, you will have the option to buy real-world 'gold products' using your TROY GOLD Token.
Regulated & Sharia Compliance
TROY has experienced regulation in Malta. TROY has also applied for sharia compliance certification by Amanie Advisors LLC .
Regulated Compliance & Sharia TROY has been regulated in Malta.
As said earlier, Troy has signed a contract to supply 20,000 oz of gold ($ 27,000,000 USD) from Bullseye Mining Limited, coming directly from their North Laverton mine site located right in the heart of the World Class Gold Mining Belt in Western Australia. Troy Gold will be shipped safely, along with Gold Bullseye, to Perth Royal Mint which operates with World Standards in safe and protected gold storage. Usually gold goes into local mint gold before it is available for public purchase, but we can go directly to the source and buy gold at very discounted prices, discounts that we give to you - our customers.
The Smart Contract
The Sales Token Schedule
TROY was originally conceptualized as Tipbot.
Sales of Tipbot tokens were launched and immediately terminated for restructuring after private investment
Negotiations begin to get a gold contract. TROY began the development of the 'Legal TROY' chosen by the expanded Legal Team & core team.
TROY was established in Malta as Tipbot LTD and underwent complete product redevelopment
The marketing team employed by the online team employed
Test TROY's internal system, completed token sale & whitepaper platform. Smart Contract Written with ERC-223 standard
The alpha mobile 'TROY Vault' launch contract was completed to obtain 20,000 oz of gold, with mining Bullseye becoming a miner of the Gold Smart Contract Audit
Launch of TROY GOLD sales token
COMPLETE sales of TROY GOLD tokens
Release of Public TROY Vault Alpha Release Public TROY Beta
TROY Vault Beta Security Audit
Launch TROY Vault v1
Development of unpublished concepts
Gold shipment and production of TROY gold products. Open product sales window.
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.