Press Conference on Announcement of GINNI ICO (Initial Coin Offer) held 

Press conference held today at Hotel Levana
on the announcement of GINNI ICO crypto currency in Lucknow.Singapore based Indian Businessman Vikas Gupta has announced GINNI ICO (Initial coin offer) in Lucknow, and is set to launch USD 300 million Initial coin offer with the support of multi-million dollar infrastructure for business across Asia, including for Indian investors.

                   

A crypto currency is a digital asset designed to work as a medium of exchange using cryptography to secure the transaction and control the creation of additional unit and to verify the transfer of asset. With the help of mining process miner must solve a complex computational problem (like a mathematical puzzle) to earn a coin.

Traditional currency is defined by a physical object (USD representing gold for example), but crypto currency is all digital. Digital coins are stored in digital wallets and transferred digitally to other people digital wallets. Investors send the Ethereum and tokens are send back to the same wallet instantly and automatically without any human involvement. This is a very transparent process where each individual can see how much funds have been raised by this start-up.

He mentioned, “We are making mining simple and user friendly for investors so that they can get decent rewards without any hassles. Initial Coin Offering (ICO) is a new and transparent way of arranging capital for technology start-ups by crowd funding where investors get tokens for that. We expect to have an average turnover of more than 1 billion US dollars per year “.

 

“We already have a strong feedback and interest from a few investors. We value investors as our lifeline and we have decided to reward them more than us. What makes our business unique is that we will retain only 42% of profits and will reward the remaining 58% to investors in a prorated ratio. The rewards will start from the very first quarter itself. This way the investors can get rewards which will be higher than the returns in property and bank interests rates. We are so confident that our team will not be drawing any salary and will be paid from the 48% share of profits only”, Said Vikas.