Golden Alliance is an international investment group of mining and consulting companies launched in 2002. Find out more about the alliance today in our review.
What Is Golden Alliance?
Golden Alliance, found online at GoldenAlliance.capital, was created in 2002 to generate profit by investing in gold mining and other mining activities.
Today, the organization claims to offer “excellent opportunities to all who would like to diversify their profile with investments in mining projects.”
Using blockchain technology, Golden Alliance plans to sell tokens that represent shares in the fund. As the fund makes money, investors earn profits. You get paid dividends in the form of gold or cryptocurrencies. Golden Alliance also plans to launch a buyback program in the future.
The company’s mining operations are based in Russia, where the team has 30+ years of experience extracting minerals from the ground.
Let’s take a closer look at how Golden Alliance makes money.
How Does Golden Alliance Make Money?
Today, Golden Alliance’s assets include a number of different mining-related fields and activities, including all of the following:
- Developed mineral resource reserves
- Developed infrastructure
- Open-cut mining projects
- Hydrogeological mining
From 2002 onward to 2017, the Russian company raised about $90 million to carry out geological exploration work. The company also used the money to design and build three new mining enterprises.
The company’s projects include the Kuturchinskoe Field, Lysogorskoe Field, and Seibinskoye Field.
Overall, the company makes money by selecting and buying investment-ready facilities for subsoil use, including mining enterprises, resource fields, and promising deposits. Then, it builds the infrastructure needed to extract those resources.
The Golden Alliance ICO
Golden Alliance has scheduled an initial coin offering, or ICO, during which you can purchase tokens representing a stake in the company. The total supply of tokens released during the ICO will represent a 25% stake in Golden Alliance. That stake will receive a proportional share of profits generated by the company.
The token is named GDA. There’s a total supply of 500 million tokens. 1 GDA token is equal to about $0.10 USD.
For the ICO, the company will accept most major fiat currencies and cryptocurrencies, including USD, EUR, RUB, BTC, BCH, LTC, ETH, DASH, NEO, and Ripple.
Of the tokens, approximately 450 million are available through the ICO. 10 million tokens (2%) are reserved for bounties, and 40 million tokens (8%) are for “the input into the domestic economy, as well as for creators,” explains the official website.
The goal of the ICO is to raise $50 million to invest in mining projects.
The Golden Alliance ICO is scheduled to take place between November 7 and December 7, 2017. Bonuses of up to 25% are available on the first day, with the bonus dropping to 10% towards the end of the sale.
Golden Alliance will conduct a buyback program in the future. As a token holder, you’ll also receive dividends. Dividends are issued proportional to the number of tokens you hold. You can choose to receive dividends in the form of cryptocurrencies or gold. The value of GDA tokens will be related to the gold holdings of the company, although the value of the tokens is expected to be lower than the value of its gold equivalent.
Token repurchasing is expected to begin in 2019.
Who’s Behind Golden Alliance?
Golden Alliance claims to be led by a team with 30 years of mining industry experience. Key members of the team include Vadim Nikolaychuk, a member of the Russian Engineering Academy and the Russian Academy of Natural Sciences.
Other key members of the team include Sergey Konopelko, Valery Rogalsky, Mikhail Sobolev, and Herald Apazov.
Although the mining operations and most of the team are based in Russia, the company’s coin distribution entity is registered in Switzerland. That entity is registered under the name Golden Alliance Coin. The team chose Switzerland due to its ICO-friendly regulations.
Golden Alliance Review Summary
Golden Alliance is a Russian mining company launched in 2002. The company is backed by 30+ years of experience among its founding team, which consists of Russian engineers and mining specialists.
Ultimately, Golden Alliance appears to have a business plan and development strategy in place. However, as with any mining or industrial project, there’s always some risk involved. There’s also limited information about the projects or mining fields available in English. Limited results when searching for terms like the “Kuturchinskoe field”, for example, make it hard to verify the information seen online at Golden Alliance’s official website.
You can decide for yourself if Golden Alliance is worth the investment by visiting online today at GoldenAlliance.capital.