Place/Date: Germany - September 28th, 2018 at 6:13 pm UTC · 3 min read
Contact: Andrey Sergeenkov, Source: OiCOiN
Osmium is a rare and extremely dense metal product that is created in Switzerland and shipped to Germany for global distribution by the German Osmium Institute.
Twice as dense as lead, Osmium is obtained when platinum metal is extracted from its ores and is used in many alloys, finding itself utilized by ‘end-use’ industries. It is then applied to goods such as jewelry, pen nibs, compass needles, electrical contacts and other products that are prone to frequent wear and tear, as well as having a firm position in the chemicals industry as it is an efficient catalyst for chemical reactions.
The value of this metal is high, as global annual production rarely exceeds 2 tonnes; comparatively, yearly worldwide gold production is climbing over 3,000 tonnes and it is believed estimated that the total availability of Osmium over the next decade is 44 metric tonnes.
With the Osmium Institute being the only company in the world with the know-how for Osmium production, it is to be expected that as the scarcity of the rare metal increases, as will its value and demand, the German Osmium Institute is positioned to market this ultra-precious item globally.
OiCOiN presents an opportunity like no other, all coin holders will be part of a revenue share pool. From this already established and world-leading business, 10% of all global revenue will go to OiCOiN holders. To put the potential of the project into perspective, Osmium is presently sold at almost 30 times the value of gold.
The OiCOiN website features a profit calculator, that allows potential backers to view the potential profitability from this opportunity.
Aggressive marketing in tandem with the exponential growth of demand for crystalized Osmium will catalyze the growth of OiCOiN. A huge majority (83%) of the funds raised will be used for marketing, PR as well as sales.
OiCOiN is built on the Ethereum network as an ERC20 token and will be issuing a maximum of 250 million tokens. Tokens will be priced at 1 ETH per 1,000 OiCOiN.
OiCOiN has already gone through the private sale and presale phases of its token sale. The Token sale has now reached its second pre-sale round where the minimum purchase is 0.3 ETH with no maximum purchase limit.
Proceeds from the funding rounds will be utilized to further increase global distribution of Osmium; OiCOiN will be setting up a network of Osmium Institutes in 100 major cities across the globe, these institutes will act as evaluators and certifiers of crystalized Osmium.
German, USA, Spain, Australia, France and Russian institutes have already been set up and will be supplied with the crystalized Osmium by the German headquarters.
Purchasing these tokens enables contributors to be a part of an already profitable and successful business which is beginning to enter a new phase of long-term and sustainable growth.
Disclaimer: OiCOiN is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The OiCOiN token sale is closed to US participants and participants of all countries in which ICOs are illegal.