Gold-backed Jinbi Token Joins Forces With Powerhouse Pillar Project

LONDON, June 19, 2018 /PRNewswire/ --

Jinbi Token (https://jinbitoken.io), a London-based gold-backed blockchain business, has partnered with data protection rights foundation Pillar Project. The partnership is announced during the Jinbi token pre-sale, which is now live, ahead of the main sale which commences on Thursday June 21, 2018. The partnership means that Jinbi Tokens will be one of the first authorised crypto assets to be listed on the Pillar whitelist exchange.  

     (Photo: https://mma.prnewswire.com/media/707709/Pillar_Jinbi.jpg )

The Jinbi token will have its own exclusive wallet using Pillar's unique and first to market platform that will provide additional security and transparency to token holders. In addition, Pillar project team members are supporting Jinbi Token as technical experts in blockchain structures and token transaction security.

Pillar (https://pillarproject.io) completed a very successful ICO back in July 2017 and is the leading blockchain-powered projects aiming to disrupt the world of data. Set to launch the most secure token wallet later this year, Pillar will be incorporating Jinbi as one of the first asset-backed tokens in its soon-to-be-launched wallet.  

Jinbi is one of the first tokens to be partnered with a gold mining company. Jinbi is revolutionising the security of gold assets by using blockchain technology and implementing smart contracts. Each token will be assigned gold, meaning that every piece of gold will be accounted for, allowing partners to know where the gold is located and how much each token holds. This provides an easy, safe and simple way to transact.

Co-Founder of Jinbi, Andre Rafnsson, said, "Today, people who wish to buy twenty-four carat gold face a number of challenges. For example, where do people go to buy gold and how do they know if it is authentic? Is the gold from a trusted source? How would they store it? How do they get access to it? The list goes on. We live in a complex and challenging environment to purchase twenty-four carat gold. It is a well-known fact that you can buy gold with paper contracts, and you could be subject to counterparty risk. But what if you owned the physical assets and they were under your control? Transparency is what the gold industry needs, and blockchain is the solution to deliver it."