September 29-th Zambesi Gold held an Ask Me Anything session with the ICOSpeaks team at our telegram chat.
1️⃣ Block 1 – self introduction from today’s speaker
Before we go to the first set of questions, could you please do a short self-intro?
👨💻 Willie Boshoff | Head of Marketing at Zambesi Gold | @willieboshoff
Hey everyone! My name is Willie Boshoff, I’m the Head Of Marketing Of Zambesigold.
Really glad to be here introducing our project to ICOSpeaks.
Zambesi Gold (Pty) Ltd is a mining company specializing in the acquisition and development of selected mining assets. This thriving business is backed by real gold, real people and real mining operations combined with real value.
The Zambesi Token, just like real gold, is perfectly divisible, with historic and inherent value projected for the future. Similar to gold, the immutability of blockchain and the implementation of smart contracts ensure your ownership securely and transparently. The Zambesi Gold standard is a monetary system backed by the value of physical gold.
2️⃣ Block 2 – project introduction by speakers
First set of questions to introduce the project!
Q: Who are the team members behind this project? Can you tell us their background?
A: Our team of mining experts are led and managed by the CEO, Koos Van Straaten, arguably the best turn around mining specialist in Africa with 40 years of personal mining experience supported. We are also working with LunaPR, a leading PR and marketing agency. They are doing a great job with our external marketing.
Q: Your project is backed by Gold, can you please inform us of the advantages of being backed by gold? Especially during such market conditions.
A: Tokenized gold means when tokens are hedged against gold, and their value is attached to the performance of gold in the physical world. By tokenizing gold and blockchain’s security aspects, investing in gold-backed tokens seems like a profitable option. The number of tokens will be fixed, preventing inflation, therefore a token’s value will increase irrespective of the demand for the token or the gold price. The amount of gold backing for each token adds a corresponding monthly increase. The Zambesi Token, just like real gold, is perfectly divisible, with historic and inherent value projected for the future.
Q: What is your top priority for 2023? Can you share a bit about Zambesi’s strategy that will be implemented in the near future?
A: Our Top Priority is to add more Gold to the independent Vault and that is to increase token resistance levels. Also we aim to acquire more gold mines and to insure more trading volume on exchanges like Bitmart with aggressive marketing strategies. We will be hosting a Trading Competition very soon. We aim to launch the competition in October, so I highly suggest EVERYONE to follow us on our Twitter and Telegram Channel to stay updated. You do not want to miss out on that one..
3️⃣ Block 3 – question from ICO Speaks team
Questions from ICOSpeaks team!
Q: Most mining houses fail because of high costs, debt, finance, lack of control over commodity prices, please explain how your project aims to solve this problem.
A: Here at Zambesi Gold, we’ve been working hard behind the scenes to create our revolutionary platform backed by real gold and real value — and we’re already ahead of schedule! Mining houses fail because of high overhead costs, debt, finance, lack of control over commodity prices, and non-compliance. This is because most mines do not have the Zambesi business model. However, with our ownership, participation, management, and overall ability to lead, guide, and influence operation profitability, we have the solution to these problems often faced by the industry. This is because gold-backed cryptocurrencies sometimes fail. After all, they cannot create commercial value nor maintain it. Furthermore, it doesn’t take a rocket scientist to realize that some coins and tokens are just scams. Our solution lies in cost efficiency…. We believe that each asset should contribute to the profitability of the business and not subsidize other assets while innovatively using disruptive finance methods to reduce the cost of debt. By this token (pun intended), the Gold Custodian Trust is the gatekeeper of the vault where the physical bullion gets stored, and token holders will be the beneficiaries of the custodian trust. Within this structure, token holders are guaranteed that the gold will always increase in quantity and value without the risk of it being encumbered or jeopardized.
Q: Investors always look at the long term about any project. What are the benefits for investors holding your token for the long term? Which key advantages does the Zambesi Gold project have in terms of price stability, credibility, mobility, liquidity, and technology?
A: One of the LONG term benefits would be a sustainable growth on Token value.
We aim to bring in more Gold going into the vault. Not many Tokens are in circulation, because of platforms like our Staking options. Soon, we are also being audited to solidify our brand. We will succeed in all aspects with our aggressive marketing approach in the coming months. The team is also heading to Dubai next week to attend multiple Blockchain Conferences and meetings with top Web 3.0 key figures to grow the business more in the coming few months.
Q: How can Zambesi Gold keep funds secure? Since most of the common problems that often occur in Defi projects is that smart contracts can lead to loss of funds. What steps has your team taken into consideration to fix this major problem & prevent such occurrences in the future?
A: The First step is to complete our Security Audit that is currently in process, should be completed very soon. Secondly, we have introduced Staking Smart Contracts. We are always in touch with our team of industry experts working on identifying security vulnerabilities and their scope, and to tackle solving each potential threat.
Q: Staking programs are very important for any project, how can someone stake your $ZGD Token?
A: We already have a staking program, where users can earn up to 30% Staking rewards, through a Staking Smart Contract platform on our website.
You can check our staking platform here:
Also, we are proud to announce our upcoming Investor Program, Investake. We will launch that program very very soon. Make sure to follow us and stay tuned because this has never been done before with any other projects.