This Blockchain-based platform for the purchase and sale of fancy colored diamonds has acquired a bond of guarantee. The Bond is designed to reimburse Argyle Tokens (RGL) original purchasers in the event that the token fails to exchange cryptocurrency from the company's portfolios due to unforeseen problems.
Argyle Coin, a platform based on the recently launched Blockchain for financing, trading and paying precious diamonds continues to rise on the limelight in the global cryptographic space. The Company has just announced the purchase of a bank guarantee that will be used to reimburse Argyle Token (RGL) buyers if the transferability of the tokens remains unrealized.
The Society also revealed their plans to become the world's first cryptocurrant related to their $ 25 million token of fancy colored diamonds.
Argyle Coin tries to carve out a niche in the encrypted space by creating a new class of ICOs that will guarantee the performance of its Blockchain platform. Despite the popularity of cryptocurrencies, many businesses fail because they lack a profitable Token that trades between other buyers and other Tokens like Blockchain.
Supporting the project with a financial instrument helps to guarantee to all buyers a Token able to transact not only with other Token buyers, but also with other cryptocurrencies. If the Company's Argyle Token (RGL) fails to function as intended, the proportional portion of the bond's value will be returned to the original investors.
$ 25 million payable from the collateral will benefit investors who purchase RGL tokens directly from Argyle Coin from pre-sale commitments or during the pre-ICO or ICO stage. The bond can only be exercised by investors if Blockchain is not operational as of February 29, 2019.
The guarantor of this security is Southern Pacific Insurance Corporation, an organization specializing in contractual guarantees and loyalty obligations covering all the bonds. forms of surety risks and performance guarantees.
Argyle Coin recently launched a private pre-sales campaign that successfully achieved its goal and closed with a total investment of $ 4,620,000. After the end of this private pre-sale, the Company started its pre-ICO on 27 August and that campaign will remain active for 60 days.
With the backing of its newly acquired security stock, Argyle Coin should successfully finance its pre-ICO cycle and attract huge investments from a global pool of educated and experienced investors.
Argyle Coin was founded by the diamond industry veteran and international financier Jose Arman with the goal of building an effective cryptocurrency e-commerce platform for the diamond industry. The RGL platform token is ERC-20 compliant and uses a new Ethereum code based blockchain to develop smart contracts.
Key details related to the sale of company tokens:
- Maximum potential supply: RGL 100,000,000
- for sale: RGL 3,462,000
- Markings For sale Pre-ICO: RGL 300,000 [19659014] Pre-ICO Hard Cap: $ 3,000,000
- Tokens For Sale ICO: RGL 2,700,000
- Token Price $ 10
- ICO Soft Cap: $ 15,000,000
- ICO Hard Cap: $ 27,000,000
- Currencies accepted: ETH, BTC, BCH and LITECOIN
To participate in Argyle Coin pre-ICO, visit https: // www. argylecoin.io/
Information on Argyle Coin
Argyle Coin is the first cryptocurrency that offers the public the opportunity to buy and invest directly in the growing market of colored diamonds from your laptop or smart phone. The Company is creating a new platform to buy and sell fancy colored diamonds through a safe, effective and fast system. It is an end-to-end solution with its own token and an internal system of verification, negotiation and tracking of fancy colored diamonds.
