The Distribution of ZENGOLD (ZGC) Expected Late June
Following the unprecedented success of OpenLedger selling out of all ZenGold (ZGC) tokens within 8 hours of its market debut on the OpenLedger DEX (Decentralized Exchange), it has been announced that the distribution of ZenGold is expected later this month, June of 2017.
Developed on the Metaverse Blockchain, ZenGold creates crypto assets that are backed by physical gold enabling investors to instantly buy and transfer gold, in any quantity, anywhere in the world. The total number of 63,000,000 ZGC tokens (representing the right for its holders to receive a share from the generated profit of the ZenGold network) were distributed within the campaign.
The gold-backed tokens (ZNGs) will enable its holders to use gold as an effective payment mechanism and credit system while benefiting from the transactional functionalities of Blockchain technology. They will be minted into existence only by the purchase of actual gold. 1 ZNG token represents the ownership of 1 gram of the physical gold, securely stored in the Shanghai Gold Exchange.
Ronny Boesing, CEO of OpenLedger, stated, “By coupling the newest and most innovative medium of exchange with the oldest form of transactional value, ZenGold combines history with technology, creating a new reality. Zengold tokens will enable its holders to use gold as an effective payment mechanism and credit system while benefiting from the transactional functionalities of Blockchain technology.”
Eric Gu, CEO of Viewfin, stated, “The investors throughout the history saw gold as a safe-haven asset during turbulent financial periods. At the same time, the possibilities behind Blockchain technology and cryptocurrencies have never been more promising. ZenGold acknowledges both trends and aims at providing the best of both worlds to the investors around the world.”