Orocrypt is a Panamanian-based company
Smart contract blockchain
Alejandra De Gaustad - Founder & CEO
Jose Antonio De La Cerda - Secretary
Darlene Hart - CFO
Margaret Bentham - Director
Orocrypt is one of many ICO projects that offer to create a token provided with real assets, in this case it is a precious metal - gold. According to the project site, several registered legal entities - OZL (Liechtenstein), Swiss Gold Safe Ltd (Switzerland), Byzantium Ltd (Cayman Islands), participate in the management and storage of assets. This is important for a project of this kind. The company itself is allegedly registered as Orocrypt Inc., but it was not possible to find information on such a legal entity. In addition, there are no technical developers in the small project team, and links to LinkedIn are either absent or inaccessible, which causes serious suspicion.
User ReviewWrite review 1 reviews
Fact that coins will act as a digitalized real precious metal is definitely an advantage for any investor cautious about any crashes or price going down. They even state that the tokens can be exchanged and redeem for real physical metal goods.
However, I'm not sure if they do anything revolutionary. There are already ordinary ways of purchasing metals, and many other better organized and designed ICOs dealing with this matter. They don't even showcase any developers or IT people in their team, so I can doubt if the technological aspect is good in any way. Only random CEOs and advisors. Looks shady to me.
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