Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with ZAMBESI Gold 24 August, 2022. This guest star,
- Wessel Sevenster — Head of Legal and Compliance
My name is Wessel Sevenster HEAD OF LEGAL, COMMERCIAL & COMPLIANCE. Being a commercial lawyer practising in the financial industry and realizing the increasing challenge of inflation and commercial constraints within the informal section, specifically in Africa, I ventured into the Fintech/blockchain/crypto industry approximately 5 years ago.
Can you provide description, what is ZAMBESI Gold?
Zambesi Gold is a mining company specialising in the acquisition and development of selected mining assets. This thriving business is backed by real gold, real people and real mining operations combined with real value with our gold backed token ZGD, that is already listed on Bitmart Exchange.
What are some of problems that ZAMBESI Gold aims to solve? What solutions are offered?
Very Good Question,Gold backed crypto currencies fail because they either fail to create commercial value or fail to maintain commercial value. Some coins/tokens are just scams, but one of the biggest reasons are failure to make business plans or they have a moderate to non-existent business plan which leads to a loss of attraction and a lack of sustainability.
The amount of gold deposited into the vault each month, will always increase. No gold will be encumbered or withdrawn, except if the equal number of tokens are withdrawn from circulation and burned.
Can you tell us about the ZAMBESI Gold token, what are the usecases on platform? What blockchains ZAMBESI Gold support? Why investors should care?
Zambesi gold (ZGD) are utilizing smart contracts on the Binance smart chain and ZGD is a bep20 token. Listed on Bitmart exchange on 12 May 2022 at 0.30c USD.
The Gold Custodian Trust is the gate keeper of the vault where the physical bullion gets stored. The token holders are the beneficiaries of the custodian trust. By implementing this structure, the token holders are guaranteed that the gold will always increase in quantity and value without the risk of it being encumbered or jeopardised.
What are some major milestones achieved ZAMBESI Gold since launch and what should we expect in the coming months?
After listing on Bitmart exchange, ZGD has never traded below listing price at $0.30c USD. We are currently trading at $1.50c USD. On the commercial side, we are ahead of our roadmap and we have already did the first smelt at Floxifor Amalia Gold mine a few weeks ago which means that the gold in the custodian bank vault will accumulate sooner than promised in the official roadmap.
I read that all investments from token holders will be used in Zambesi Gold (Pty) Ltd funding operations. Can you introduce about Zambesi Gold Ltd, since when this company was founded? Where to operate? What can assure me that this investment will be safe?
Zambesi Gold (Pty) Ltd was founded in 2019 and our current operations are located in South Africa and signifies an agreement between the Zambesi Token and its investors that no fractional lending will take place.
The number of tokens will be fixed, preventing inflation, therefore a token’s value will increase irrespective of the demand for the token or the gold price.
The amount of gold backing for each token adds a corresponding monthly increase.
The Zambesi Token, just like real gold is perfectly divisible, with historic and inherent value projected for the future. Similar to gold, the immutability of blockchain and the implementation of smart contracts ensure your ownership securely and transparently. The Zambesi Gold standard is a monetary system backed by the value of physical gold.
Liquidity will be provided through an exchange mechanism that will allow a token holder to redeem his proportionate ownership of the gold held in trust.
The redeemed tokens will be burned (removed from circulation), creating more value for the remaining token holders.
The ZGD currency has had a sustainable gain of 600 % and has never traded at a price below the quoted price of $0.30 USDT. What has been the monetary policy that has allowed Zambesi to maintain and increase the value of your token so dramatically in this difficult season?
I would say that Aggressive marketing with the help of Luna PR as well as our HODL Campaigns. We are utilizing smart contracts for staking platforms up to 30%. And The long term vision of our investors that believes in the sustainability of this project.
I see that ZAMBESI Gold wants to develop NFT integration. This caught my attention, can you tell us about how NFT technology can be used in ZAMBESI Gold? What role will non-exchangeable tokens play in your project?
NFT,s is an extremely important component of our road map and we are in the process of developing launch which will include gold backed NFT’s, combined with specific accomplishments on our road map, dusk ensuring a new generation of NFT’s which combines fundamental value and the exclusiveness of ownership in both the commercial and virtual space.
Through a recent partnership with the Floxifor gold mine in Amalia, South Africa, #ZambesiGold has begun producing gold. How many gold mines do you expect to partner with in 2022? Will they all be located in South Africa or do you expect to enter other countries?
We expect to partner with approximately 3 more gold mines, some of which will be located outside of South African borders. A formal press release regarding the new acquisitions will be released in due time. Stay in touch to see what happens.
You mentioned that we need some $BNB on Metamask Wallet to create a staking session. Is it currently only $BNB only? If so, why only $BNB? Is Zambesi Gold partnered with Binance?
Zambesi Gold Token ZGD uses the Binance Smart Chain and it is a bep20 token. The gas fees will be approximately 0.03c USD — 13c USD. The staking platform only uses Metamask.
where can I currently buy your Token?
Hi Daniel…you can currently buy on pancakeswap and Bitmart exchange…new exchanges coming up..
please see our website for explainer videos.
Will we able to stake ZGD very soon?
Staking smart contacts are now available for ZGD. For more information follow the link https://zgd-staking-fsxos.ondigitalocean.app/ up to 30% bonus available.
Can you share your social media links so we can keep ourselves updated??
Official Zambesi Gold Community
The Zambesi Gold standard is a monetary system backed by the auditable production of real gold guaranteeing your ownership, securely and transparently through the immutability of the blockchain, utilizing smart contracts.
💡Stay up to date with our latest news on our Social Media Platforms
📣 JOIN, FOLLOW, LIKE AND SHARE
📍 Telegram Zambesi Gold Community Group
📍Telegram Announcement Group
📍 Tik Tok
According to the roadmap, what is your most important next priority?Thanks.
Our next announcement on new mine acquitions will exponentially increase the fundamental value of our token as well as our imminent NFT project with NFT’s backed by gold medalions.
Investors always look at the long term about any project. What are the benefits for investors holding your token for the long term? Which does key advantages Zambesi Gold project have in term of price stability, credible, mobility, liquidity, and technology?
Zambesi Gold signifies an agreement between the Zambesi Token and its investors that no fractional lending will take place. The number of tokens will be fixed, preventing inflation, therefore a token’s value will increase irrespective of the demand for the token or the gold price. The amount of gold backing for each token adds a corresponding monthly increase. The Zambesi Token, just like real gold is perfectly divisible, with historic and inherent value projected for the future. Similar to gold, the immutability of blockchain and the implementation of smart contracts ensure your ownership securely and transparently. The Zambesi Gold standard is a monetary system backed by the value of physical gold.
25% of all profit gold from Middelvlei mine and all other future projects will be streaming to the independently managed gold vault (custodianship…on behalf of token holders). Thereby ensuring Zambesi Gold will accumulate every month as Middelvlei and future mines produce gold. Tokens will be burned as and when token holders redeem their proportionate gold value and paid out in USDC at the gold price of that day. This will effectively reduce tokens and increase all remaining token holders proportionate ownership in the ever increasing gold and exponentially increasing value and demand of ZGD.
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about ZAMBESI Gold.
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