Announcement: GBC Gold Backed Coin

[GBC]

Simply stated, Gold Backed Coin (GBC) is a revolution in its field. Its 100 % backing by physical gold adds a new dimension to the term cryptocurrency: There will be price stability downwards, while upwards there is no limit, and the free market defines the price.

ISSUING

Driven by a new concept, GBC differs from all other virtual currencies. Gold Backed Coins are issued following a book building process in which their current price is to be defined. Prospective holders hand in their orders by choosing a price within a given span. The maximum order volume will be calculated to serve the demand – and it may well be that the individual user gets GBC for a price cheaper than ordered. The first book building will take place from April 9, 2014 15:00 (CET) to April 22, 2014 15:00 (CET).

TRADING

Gold Backed Coins are tradable online within the Ripple network. Existing since 2011, this is an advanced system for trading currencies safely and quickly against each other worldwide. The prime place for trading GBC is the GBC/BTC market integrated in the Ripple network – but users can easily create new markets in which to buy or sell GBC against other currencies.

MINIMUM PRICE GUARANTEE

Interventions on the GBC/BTC market will happen, should the market price drop below the backed value of the coin. The physical gold reserves will be used to guarantee investors this important advantage.

AMOUNT OF COINS

A maximum amount of 13 Million GBC is expected to be issued during several book buildings. The exact amount of GBC in circulation will depend on the specific demand during the book building processes. In any case, all GBC will be backed by one tenth of an ounce of gold per coin.

SPECS

Currency code: GBC
Value: Backed by one tenth of an ounce of gold per coin
Issuance: Via book buildings on www.GBC.is
Trading place: Ripple network (mainly GBC/BTC market)
Requirements: On Ripple grant trust to the correct issuer
Issuer address: rG52A1pZBGER9tCvTdVh3zf1WJokjjVfJu
Options: Tradable against all currencies on Ripple
Guarantee: Price guarantee active below gold backed value
Maximum: Defined by demand, currently expected 13 Mio. GBC

SPECIAL ADVICE

Become a lucky winner: Register an account or subscribe to our newsletter in order to take part in the competition! 13 GBC will be the prize for the winners. Find more details on our website!

MORE INFORMATION

Homepage: www.gbc.is
- Info: www.gbc.is/info
- News: www.gbc.is/news
- Tutorial: www.gbc.is/tutorial
- Order: www.gbc.is/order
- FAQ: www.gbc.is/faq
- Register: www.gbc.is/register
- Newsletter: www.gbc.is/newsletter

Contact: [e-mail]

Other Sources:
- Facebook: www.facebook.com/pages/GBC-Gold-Backed-Coin/273646059461457?fref=ts
- Twitter: twitter.com/GoldBackedCoin
- iOS App: itunes.apple.com/us/app/gbc-gold-backed-coin/id841402612?mt=8

Take part in the book building! We are looking forward to serving your orders for Gold Backed Coins.

[Chazaki]

Very interesting, thanks for the info! Looks like an interesting coin - I'll have to check it out in more detail

[GBC Gold Backed Coin]

GBC's book building has started. From now on, over a period of 13 days, we will

accept your orders for Gold Backed Coins. You can submit your order here:

www.gbc.is/order



We will now give you some information that might be of interest to you. First, we

will sum up the most important advantages that GBC offers over other altcoins and

over gold. Then you will be offered information about what will happen after the

book building.



What are the most important advantages of GBC compared to other altcoins?



- While the value of most other altcoins is based on nothing but sheer hope, GBC

is secured by physical gold. Because of the full gold backing of 1/10 of an ounce

of gold per coin, the real value of one GBC cannot drop below its gold backed

value.



- In case the market price of GBC on the GBC/BTC market were to drop below the

backed value and no other investor were interested in buying the coins for less

than the value they inherently hold, GBC would intervene on the market and buy

back the coins.



- While your investment is safe downwards due to GBC's price guarantee, the price

of Gold Backed Coins can rise wherever the market goes. This will be beneficial

for all investors, especially for those who buy their GBC during the book

building at an early stage.



- In the future we will provide proof of the amount of gold deposited.

Furthermore, you can watch the amount of GBC issued on the Ripple Graph.



What are the most important advantages of GBC compared to physical gold?



- You can convert GBC to other real or virtual currencies quickly and easily

whenever prospective buyers and sellers meet on a market within the Ripple

network. Changing GBC into fiat money is also much cheaper than changing gold

into fiat money.



- You can earn money when the market price of the coin rises (and of course, when

the price of gold rises.) Looking at the dynamic of the altcoin markets, the

chances are very high that the price of Gold Backed Coin will significantly

increase.



- There is no need to deposit Gold Backed Coins physically because they are

issued and stored within the Ripple network. Furthermore you will also be able to

trade smaller quantities of GBC than are usually available in physical gold at

the gold seller.



- Moreover, you are supporting a development that could reduce the general price

risks on the altcoin markets and instead enhance the opportunities for investors

and developers. This might lead to a broader acceptance of cryptocurrencies in

the society.



What will happen after the book building is closed?



When the book building has closed, our team will make a calculation to find out

which price level contains the highest order volume. The result of this

calculation will be the book building price at which the Gold Backed Coins will

be sold. If you offered a higher order price, you will be served at the cheaper

price. If your order price was lower, we will send back your BTC (unless you

chose to let them take part in the following book building). In the next step, we

will send your Gold Backed Coins to your Ripple wallet.



We are looking forward to serving your order! You can submit your order here:

www.gbc.is/order If you have any questions or problems,

don't hesitate to contact us at [e-mail]!