00:01
hello everyone today we are going to
00:04
discover the purpose and management of
00:06
zincon physical gold coins that we will
00:08
name zing gold
00:12
so what are these mysterious in highly
00:15
sought after gold coins and how do they
00:18
really work
00:19
first of all you need to know that there
00:21
will only ever be 251 physical coins
00:25
produced this is why they are considered
00:27
a very rare collectible
00:30
during the manufacturing the investor
00:32
will choose the specific number
00:34
associated with their coin if the number
00:36
has not already been reserved once the
00:38
number has been chosen let’s say number
00:41
74 in this case the investor will be
00:45
able to choose the purity level of his
00:47
coin
00:48
18 carrots 22 carrots or 24 carrots what
00:52
does this mean it is very simple
00:55
the number of carrots represents the
00:57
number of grams of pure gold out of the
00:59
total mass of the coin
01:01
[Music]
01:03
for example an 18 carat piece of jewelry
01:06
that weighs 24 grams contains 18 grams
01:09
of pure gold plus 60 grams of another
01:11
metal or mix of middles
01:15
this other metal can be used to toughen
01:17
the piece or the jewelry because gold is
01:19
a rather soft middle
01:22
and it can also be used to alter the
01:25
color if copper or palladium are used
01:27
for example
01:28
[Music]
01:31
a 22 carrot piece weighing 24 grams has
01:34
22 grams of pure gold and 2 grams of
01:37
other minerals a 24 carat piece weighing
01:40
24 grams is therefore 100 percent pure
01:43
gold
01:44
[Music]
01:47
so for the sharp mathematicians out
01:48
there an 18 karat corn is 75 percent
01:52
pure gold
01:54
a 22 carat coin is 91.6 percent pure
01:58
gold
02:01
and a 24 carat coin is 100 pure gold
02:07
now that you understand the concept an
02:09
18-karat zinc gold coin weighing 25
02:12
grams can be per case for 1
02:15
800 euros the 22 karat coin for
02:19
2550 euros and the 24 karat point for
02:24
3050 euros let us now forget that the 18
02:28
and 22 karat gold pieces have a total
02:31
weight of 25 grams while the 24 carat
02:34
piece has a total weight
02:36
of
02:37
31.1 gram representing one ounce of gold
02:41
this explains the price difference when
02:44
it comes to the 18 carat coin and only
02:46
the 18 karat cone it is possible to
02:48
order a pink gold version for an extra
02:51
fee of 50 euros making the total amount
02:55
1850 euros
02:59
to sum up for each uniquely numbered
03:02
gold coin investors have four options
03:05
they can select between a yellow 18
03:07
carat piece
03:10
a pink 18 carat piece
03:14
a yellow 22 carat piece or a yellow 24
03:18
carat piece of 31.1 grams only one coin
03:22
per number will ever be produced
03:30
everything’s good so far let’s carry on
03:33
once the piece is acquired our buyer has
03:36
two possibilities
03:38
leave their coin in a safety deposit box
03:40
under the stewardship of this income
03:42
management team or
03:44
have the physical coin delivered for an
03:46
extra premium shipping charge
03:48
of 100 euros or 150 euros in the case of
03:52
24 carat piece
03:54
this type of asset is obviously enameled
03:57
using your everyday postal service
04:00
so let’s play it out if an investor gets
04:02
a pink 18 carat coin delivered they will
04:05
pay 1 800 euros plus 50 euros for the
04:09
gold pink heel plus 100 euros for
04:12
premium shipping
04:15
our investor will then have their
04:16
physical gold piece in hand to share and
04:19
impress friends and family but keep it
04:22
safe and be aware of thieves
04:24
if an investor decides to leave it in a
04:27
safety deposit box in the custody of the
04:30
zencoin management team our investor
04:32
will be awarded an nft in exchange or
04:35
what we call a non-fungible token nft is
04:39
a unique token representing the title of
04:41
ownership of the piece
04:44
so if the investor of the piece number
04:46
74 chooses to leave their coin in a coin
04:50
safety deposit box they will be granted
04:52
an nft corresponding directly to their
04:55
numbered gold piece zen gold 74 for
04:59
example this nft stands for two things
05:02
that this investor is the owner of the
05:04
zing gold piece number 74
05:08
that this piece is placed with a trusted
05:10
third party in this case the zen coin
05:13
head office
05:13
[Music]
05:15
let’s suppose that the investor we are
05:17
talking about is named janice and he
05:19
decides to sell his in gold 74
05:23
well that’s the whole purpose of the
05:25
witch week’s platform
05:27
yanis will not sell his piece directly
05:29
but instead will use his nft
05:32
[Music]
05:33
he will put the ownership title of his
05:36
cngo 74 piece
05:38
up for sale for 5 000 euros for example
05:42
[Music]
05:45
a buyer named lisa wants to per case it
05:48
and makes a payment on the witch waste
05:50
platform
05:55
in doing so she becomes the owner of the
05:58
zine gold 74 nft
06:01
that she will send to her wallet
06:02
confirming that she is now the new owner
06:05
in yenis receives his 5 000 euros
06:10
isa decides to have the physical piece
06:12
at her place so she will send her zing
06:15
gold 74 nft to the official zenfone nft
06:18
wallet together with a 100 euro premium
06:22
shipping fee and she will have the
06:24
physical gold piece number 74 delivered
06:28
what should lisa do if she wants to sell
06:30
her piece
06:31
well it must first be returned by a
06:33
carrier to the zincon head office they
06:36
will once again send lisa the same zinc
06:38
code 74 nft in return
06:42
lisa will move the nft from her wallet
06:45
to the witcher x platform and place it
06:47
for sale and her chosen price 11 500
06:51
euros in this case if lisa finds a buyer
06:55
this buyer will transfer 11
06:58
500 euros and becomes the owner of the
07:01
zing gold 74 nft and will have just as
07:05
lisa did the possibility of leaving it
07:08
on his digital wallet or exchanging it
07:11
with the xencoin team for the physical
07:13
gold piece
07:14
to have an nft means that your
07:16
corresponding physical piece is in a
07:19
trusted safety deposit box in this case
07:21
with the zinc coin head office
07:24
i hope i have been clear in that you
07:26
have learned something new about nfts
07:28
and this exciting opportunity to anyone
07:31
who wants to require a unique theme gold
07:34
numbered piece please email gold at
07:37
zercoin dot iu to place your order
07:40
choose the purity level of your coin as
07:42
well as your terms of payment if you are
07:45
interested in learning more about zircon
07:47
in their many exciting projects
07:49
please visit their official website at
07:51
tillcoin.iu
07:53
or contact the team directly at contact
07:56
at
07:57
zinccoin.iu bye bye and don’t forget to
08:00
give this video a thumbs up