A treasure-hunting company named Shinil Group from South Korea, recently announced plans for launching an ICO – after they discovered gold in the value of $130 billion from a wrecked and sunken Russian battleship.
The battleship’s name is Dmitrii Donskoi. After being totally wrecked and scuttled in the Russo-Japanese War, it has been ‘found many times’ in the past 20 years.
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Right now, it is believed that it is carrying $130 billion in the form of 5,500 boxes of gold bars and 200 tons of gold coins.
The latest company who found the cruiser discovered its hull near the island of Ulleungdo has provided the battleship’s picture as proof, stating that it will hold an ICO whereas the crypto token will be backed by Dmitrii Donskoi’s newly found treasure.
There is even a video published on YouTube on 16th July, where Shinil Group shows how it discovered the wreckage in a period of only two days.
https://www.youtube.com/watch?v=QEFId25LMk0
Even though in the beginning the company claimed that half of the gold would be returned to Russia, while 10% will remain for Shinil Group, which will launch its own cryptocurrency named ‘Shinil Gold Coin’.
The private sale apparently began while the ICO is expected to start on 30th July. One Shinil Gold Coin will, therefore, be equal to 10,000 won ($8.87) and the token will be listed on various exchanges starting from August or September this year.
Still, Shinil Group has not provided any details regarding its upcoming ICO – only a press release which sums up the news about its discovery.
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