Congratulations to all who have participated in the GODcoin ICO thus far!

On the 31st of March, we opened our first ICO where we offered an impressive 40% token bonus to all investors, which ended on the 31st of May. This month, we announced that we would renew the ICO for another term and introduce a 25% token bonus to all who invest in this period. The Board of Directors has agreed to continue coin sales up to the launch of GODcoin's live network, and many of you are probably wondering how far away we are from that point. Our talented CTO, Samuel Grenier, has provided us with an update on the development of GODcoin's network.

So far, progress has been steady. The source code already has a solid foundation. Everything works correctly in a single node and multiple nodes can synchronize from that node. We've developed several core features in the blockchain, and block production in the peer-to-peer (P2P) network is in the works. Nodes in the P2P network are now able to synchronize and broadcast to each other. GODcoin uses proof-of-Stake (PoS) consensus in a P2P network for energy efficiency and security of assets. A command-line wallet has been developed for testing and for those who want to learn how our technology works. Cryptography has been implemented to keep the network safe and secure. We've developed the transfer of tokens in both gold and silver.

Very soon, we will be ready to launch a test network, create desktop and Android wallets, and test automatic token distribution for purchases made in the ICO.

As of now, we anticipate a live network launch to commence in the 3rd Quarter of 2018.

Before the network is launched, the following prerequisites need to be completed:

Consensus resolution and verification between nodes using the implemented minting schedule

Reward distribution

Multisig support

Once we are ready to launch a test network, we will be performing the following tasks:

Security auditing

Performance auditing

Network split testing

Create the desktop wallet

Create the Android wallet

Test automatic token distribution for purchases made during the ICO

In the beginning, GODcoin will exist in the open markets as fiat, where it will have time to mature in value before it is pegged to the value of physical gold and silver. Once value and assets grow to a certain point, we will then set a permanent exchange rate between GODcoin and the value of gold and silver assets, respective to the identity of each digital asset (GODcoin gold and GODcoin silver), and it will then be poised to take center stage as the new world currency.

GODcoin is a truly unique concept, therefore we cannot limit ourselves to the ICO status quo. We are shaping a monetary instrument which will ultimately be used as the next global reserve currency, and must be treated as such. We expect humble beginnings, but as popularity grows, so will our ability to reach a larger audience. We anticipate leaving coin sales open until the network is launched. Once we go live with the blockchain, we will offer the public the opportunity to “mint” the coins.

We invite you to take a look at our GitHub to see our source code. On our GitHub, you will find routine updates on the progress our CTO is making with developing the blockchain and P2P network:

https://github.com/GODcoin/GODcoin-js

Stay tuned to our website for future updates.

Blessings!