SINGAPORE, Jan. 28, 2021 (GLOBE NEWSWIRE) — GCGC Investments Ltd is happy to announce the launch of its international mining initiative which makes use of blockchain know-how and DeFi (decentralized finance) structure. This combines the centuries-old mining trade with rising know-how to type a decentralized monetary ecosystem geared in the direction of disrupting monetary intermediaries.
“The worldwide system of commodities and mineral sources is the inspiration for manufacturing all over the world,” states Jonathan Shek, CEO of GCGC. “Advances in know-how have now created an pressing want to rework the very cloth of the buying and selling and monetary providers programs linked to our programs of manufacturing. At GCGC, we mix the most effective in financial fundamentals with the newest know-how to create a greater approach to commerce, get entry to monetary providers, and rework the mining trade.”
Revolutionizing a $600 Billion Mining Trade with Blockchain Expertise and Inexperienced Mining Initiatives
GCGC unlocks the latent worth from gold and mineral deposits by fractionalizing participation, powered by blockchain networks that tokenize gold, different sources and transaction settlements.
Partnering Trident Mining, of which GCGC is a shareholder, GCGC Mining identifies and develops mines in Chile and Argentina, with plans to broaden mining over to Zimbabwe and Indonesia.
GCGC Mining can also be spearheading inexperienced mining, utilizing bio-leaching reagents to get better gold from tailings. In contrast with leaching poisonous substances akin to cyanide and mercury, the plant will have the ability to scale back its environmental affect whereas persevering with to extract worth from the mines.
The GCGC World Mining Initiative has additional enlargement plans to amass different mining corporations and concession rights, provoke joint ventures with massive mining corporations, and spend money on sustainable improvement applied sciences, so as to transfer upstream within the worth chain. In line with the GCGC white paper, its aim is to grow to be “one of many largest mining corporations on the planet”.
DeFi on the Core of GCGC Mining, FinTech and E-Commerce Options
Underpinned by blockchain know-how, GCGC will implement DeFi structure because the core of its monetary ecosystem. Along with GCGC Mining, the opposite two companies within the ecosystem are Pillar Finance, its fintech group and Moral Tradition E-commerce (ECEC), its e-commerce arm.
GCGC tokenizes belongings by creating mining belongings all all over the world, extracting earnings to transform into gold. This powers a worldwide market, creating a brand new monetary and buying and selling ecosystem primarily based on a token that, when rules allow, shall be backed by vaulted gold. Buying and selling is supported by a variety of decentralized monetary providers from Pillar Finance, to facilitate and drive worldwide commerce.
The token-based foreign money could be adopted throughout a variety of buying and selling and e-commerce platforms, which can give it worth, measured by its exchangeability with actual world items and providers. ECEC creates a complete e-commerce and buying and selling ecosystem round ‘Utilization Marketplaces’ powered by blockchain know-how, with the GC$ token because the foreign money of alternative for commerce and settlements.
GCT and GC$ Drive the GCGC Token Economic system
GCT tokens are the primary utility tokens within the GCGC ecosystem and customers can use GCT tokens to take part in mining, monetary know-how or E-commerce actions.
GC$ tokens are the reward tokens of the GCGC ecosystem and are used as foreign money settlement instruments out there. They can be utilized to trade items and providers within the markets.
At the moment one GC$ token could be minted for each 100 mg of confirmed sources, or for each 10 mg of treasury gold bought or for each greenback deposited into an escrow account.
Backed by a World-Class Staff
The workforce of GCGC consists of world-class professionals who specialise in industries akin to finance, funding banking, mining and know-how amongst others.
CEO Jonathan Shek, BPM, leads the GCGC World Initiative and has intensive expertise in mission finance, improvement and administration, civil engineering and enterprise capital in China and Southeast Asia. Mr. Shek has suggested greater than $10 billion value of funding transactions in Southeast Asia and managed development of initiatives with a price in extra of $5 billion.
Founder Wee Tiong Howe is extensively thought of the daddy of monetary planning, having achieved nationwide and regional recognition and success within the monetary planning trade and insurance coverage career for over 40 years. As Chairman of IPPFA, he has recorded many firsts and overseen many adjustments for the betterment of the trade.
Chief Monetary Officer Merlina Hiu has intensive expertise working in international funding banking throughout numerous trade teams together with leveraged finance, telecoms, media, know-how and company finance teams. She has actively participated in Preliminary Public Choices of companies, mergers and acquisitions and in addition assisted the Republic of Philippines’ US$1 billion sovereign bond issuance.
CEO of Trident Mining Leon Aleksander has over twenty years of expertise in valuable metals, arbitrage/mining, manufacturing, and import/export in Latin America, Asia and the USA. Founder and CEO of Trident’s gold buying and selling firm in Chile with over US$50 million value of gold bullion exports thus far.
CTA (Chief Expertise Advisor) Lim Hui Jie is the Founder and Govt Director of Imaginative and prescient Group, an Innovation-as-a-Service know-how group that implements blockchain, AI and cybersecurity applied sciences. He has sat on the Board of three listed corporations and efficiently listed his firm onto the Australia Inventory Trade in 2015, attaining a market valuation of over USD 230 Million.
For extra particulars in regards to the GCGC mission, please go to the Official Web site: https://www.gcgc.one
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