Gold-backed Jinbi Token Launch Reaches $10Million ICO Milestone

LONDON, July 11, 2018 /PRNewswire/ --

Jinbi Token (https://jinbitoken.io/), a UK and Belarus-based gold-backed blockchain business, has now raised in excess of $10Million during the ICO to power the platform. The main sale started on Thursday June 28 2018, and will run through until Thursday July 26 2018.

     (Logo: https://mma.prnewswire.com/media/716842/Jinbi_Logo.jpg )

The Jinbi Token merges traditional gold investment with blockchain technology, which allows the token holder to experience the best of both worlds. Jinbi has developed this concept further by being one of the first tokens to be partnered with a gold mining company. Using blockchain technology allows Jinbi to hold its primary assets and secure transactions anonymously, safely, traceably and transparently.

Jinbi recently completed a week-long pre-sale, which successfully reached a soft cap of $8Million. Once the ICO fundraising is complete, Jinbi tokens will be available for purchase on several crypto exchanges. These will be made available to the public following a collective decision from the management team of Jinbi.

The Jinbi token provides both the precious metals investor market and crypto currency enthusiast with an advanced value preservation solution, as well as an innovative and accountable structure using a blockchain smart contract. Jinbi expect to generate substantial capital appreciation whilst maintaining an attractive risk profile for investors.

Additionally, Jinbi Token holders are eligible to receive quarterly precious metals and crypto currency investment reports. To receive the investment reports, one must have invested a minimum of 1 ether during the main ICO. Jinbi Tokens, which are delivered via a smart contract, are the documentation invested physical gold holdings.

To participate in the ICO, participants are required to provide their full name and address and may be asked to submit scanned copies of proof of identity. This is managed as part of Jinbi Token's Know Your Customer (KYC) process. An encrypted format (using 128-bit AES encryption algorithm) is always used at all stages of the data management lifecycle. Elliptic curve asymmetric cryptography is used for authentication.

Andre Rafnsson, Co-Founder of Jinbi Token (https://t.me/JinbiTokenOfficial) said, "The support from the community has been phenomenal and we are immensely proud of the project. To reach the $10Million milestone so early in our main sale is a huge achievement.