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Golden Fleece Token


GFL available on YoBit  ,  4068921824  , Tokenjar  , (937) 468-9722



Golden Paper

Invest in mining with an absolute advantage!
Become Part of the legend!





about project

The Golden Project
The Golden Fleece project anticipates to build cryptocurrency mining datacenter on the land of Colchis, at the Black Sea coast in Georgia.

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Hosting Services
GFL introduces third party mining equipment hosting service with flat fees 10-12 cent per KW/h depending on quantity.

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Update on Golden Fleece ICO

Date: 02 October - 2017

ANN: Updates on the Golden Fleece ICO: 

1. We switch from Waves to Ethereum platform with purpose to improve ICO process and reach larger group of investors. 

2. 80 mln GFL on Waves platform will be burnt from 1 October: 10 mln GFL tokens every day will be destroyed.  

3. GFL smart contract on ETH with wallet address 0x5892BBbcb29D3b1051Cd44C99dB54d61b495D035 will be canceled and available balance will be automatically refunded to investors on 30 September, 2017. 

4. We have introduced new Ethereum contract with 500ml* GFL tokens (token allocation bellow): 0x2189b78041Ec2d5EA65aACBfB3Bf575263DBdEa9.

*Reason for increasing from 100 to 500 mln GFL tokens: increased number interest from ICO online and offline participants and planned expansion in upcoming years in other countries.  

 500 mln GFL token allocation:

I Round I (in 3 stages*) – 100 mln sold from – 15 August – 31 October 2017.
*Because of change in Ethereum contract we announce additional, 3rd stage of the first round. 
II Round – 50 mln – 15 February – 31 March 2018. 
III Round – 100 mln – 15 September – 31 October 2018.
IV Round – 100 mln 15 – February – 31 March 2019.

From remaining 150 mln GFL tokens:
• 100 mln GFL will be reserved by the team. 
• 45 mln GFL for project promotion on ICO rounds.
• 5 mln GFL for bounty campaign during ICO rounds.
GFL tokens that were purchased with Coeval options on Waves will be swapped from 1 October 2017 according to the in several stages as the sale on new Ethereum contract will progress. For more details contact Monkey Capital at: /   
Option-free GFL tokens on Waves platform will be swapped 1:1 to GFLs on Ethereum new contract. To swap transfer your GFLs to*: 3P3fJJB9BqXfCPW2z4VATiZ3vW23gm35ay3
*Please include your Ethereum wallet address in the area marked ATTACHMENT on the Waves Wallet feature. 
NOTE: 10 mln GFL tokens on Waves had been reserved for offline investors, with this in mind we will keep 20 mln GFL tokens on waves platform until investment deal is closed and later those tokens will be swapped to Ethereum GFL tokens 1=1. 


Date: 02 October - 2017

Dear ICO Participants & Golden Fleece Options owners.

80 mln GFL on Waves platform will be burnt from 1 October: 10 mln GFL tokens every day will be destroyed.



10 mln GFL tokens on Waves had been reserved for offline investors, with this in mind we will keep 20 mln GFL tokens on waves platform until investment deal is closed and later those tokens will be swapped to Ethereum GFL tokens 1=1. 

Burning address:


ANN: GFL Swap Update

Date: 10 September - 2017

Dear ICO Participants & Golden Fleece Options owners,

This has been a busy week for us, travelling out the country to meet prospective overseas investors in the region who are serious about contracting Golden Fleece and investing Venture Capital in order to capture the advantage of Georgia’s first-class infrastructure and well-equipped legal framework insofar as mining Crypto is concerned. The rising prices of Crypto across the board, with Bitcoin up over 600%, Ethereum 2500% higher as well as smaller, dynamic project-based mineable Crypto such as Zurcoin 1700% ahead is obviously a huge selling point for investors all over the world when it comes to mining right now.


Fundraising Update

Along with this good news, Golden Fleece is pleased to announce an update to our counter. Please check the home page of our website for the latest update. We will attempt to adjust the counter twice a day from now on, although in the event this is not possible a once-every-24-hours change will be made.

Provisional Loan Funding Secured From Monkey

In addition to underwriting the ICO we are undertaking, Monkey has agreed to provide provisional loan funding in order for Golden Fleece to build a fully-fledged showroom with state-of-the-art mining equipment. This provisional funding is in the form of a 1-year loan repayable in Golden Fleece tokens as interest at a standard market rate of interest.

Initial Golden Fleece Options (GFO) Swap    

Given the increased counter amount and the completed sale of the first 2 tiers of Golden Fleece options, we will now open the wallet that will accept all Tier-1 and Tier-2 tokens for swapping out. While GFO are an ongoing asset and are Green Ticked by Waves, if you wish to swap out your GFO for Golden Fleece Ethereum-based tokens please send them to the following waves address:


Please include your Ethereum wallet address in the area marked ATTACHMENT on the Waves Wallet feature.

We will close all submissions for Tier 1 & Tier 2 options submissions on Tuesday, September 12, 2017 at 11.59pm UCT. Therefore, in order to avoid missing out on the Tier 1 & Tier 2 GFO token swap please make sure the GFO you wish to swap are sent to us well in advance of this date/time. Tokens will be swapped after the ICO closes at the end of the month, and you wil be notified when here at the Golden Fleece website. 

It has truly been a fantastic ICO experience so far and we are simply overwhelmed with the global press coverage, the huge display of confidence and the massive encouragement we have been receiving from our local community and those further afield, not to mention the support of the Monkey Community to which we are emboldened to call a part of the Golden Fleece secret ICO weapon!

Given the latest news, we expect an extremely brisk sale in GFO. However, we have been advised by Monkey senior management and Cryptopia exchange management that many COEVAL holders, in which GFO is denominated, are stuck for a temporary period at Cryptopia due to on-site wallet maintenance. Therefore, after consulting with Monkey, we have collectively decided to re-sell 50% of remaining GFO as Bitcoin pairs and 50% of remaining GFO as COE pairs until the situation is resolved. This should not affect the pricing of GFO which we are assiduously watching.

We hope that these exciting news bulletins compensates for the past few days in which we have been less active among the community than usual die to a crazy travel schedule. ICOs are tiring but this one seems to be powering ahead with the rest of the Crypto mining world!

Vakhtang Gogokhia, 
Golden Fleece

Golden Agreement with Poti Free Industrial Zone signed!

Date: 11 August - 2017

Golden Fleece (GFL) signs an agreement with the Poti Free Industrial Zone securing the 5000 m2 space for mega mining data center in the Free Industrial Zone on the land of Colchis! (See the document on the link )

As of today, the guaranteed electricity price per 1 kW/h is fixed to USD 0.053.

The myth of Argonauts comes true on the land of Colchis!

We do not collect gold in rivers using the fleece of golden ram as Greek-Georgian myth of Argonauts state, but we do mining of real altcoins on the ground.

Become part of the legend!

ICO starts on 15 August 2017, 12:00 EDT.

Do not miss your chance! 

Golden Fleece Token – invest in green & transparent cryptocurrency mining!

Date: 17 July - 2017

Our token on waves platform:

Pre-ICO sale starts on July 14!
Don’t miss early investment chance!

Project capital target 50-65 mln USD.

Mining DataCenter will be built on Black Sea coastline in Georgia. Energy will be derived only from green sources: hydropower, wind and solar. Energy cost ~ 6 $ cents / kwh. Company financials will be audited on quarterly bases by BIG4 audit company. All financial statements and wallets will be published on website!

Profits will be distributed by means of token repurchase scheme (>2% monthly).


Electricity Price in Georgia

Date: 16 July - 2017

Electric Power Plants. 

There are two principal sources for generating electricity in Georgia: Hydroelectric power plants (HPPs) – the primary source of electricity with 80% of generation, and thermal power plants (TPPs) with 20%. The largest source of power generation is the Enguri HPP, which is responsible for more than third of all power generated in the country. The Enguri HPP, along with the Vardnili HPP, that have large dams and can

respond to change in demand, are considered as regulatory plants. Enguri HPP is state owned company and has extremely low tariff which drives down average cost of electricity in the country.

ESCO (Electricity System Commertial Operator) is a state-owned company and its functions include trading with balance electricity and guaranteed capacity, setting up and operating unified database, etc.

You can find historical price of balancing electricity from ESCO webpage. Prices are given in Georgian Tetri which is 1/100 of Lari (GEL). At the time of writing USD/GEL exchange rate is 2.4, you can find latest official exchange rates beaver rat. In 2016 average wholesale price of balancing electricity (which is higher than market price) was 4.48 USD cents per kw/h.

Pre-ICO sale finished!

Date: 15 August - 2017

Our pre-ICO sale with the promotional price of 0.2$ per GFL token was finished on July 30.

If you happened to miss this opportunity don’t worry! You can still participate in an individual sale out of the ICO campaign.
We have 8 million coins allocated for selling directly to large investors for 0.5$ per GFL token.

You can book your purchase by directly contacting us.
You can also buy GFL tokens from Waves Decentralized Exchange sold by early adopters and investors (490,000 tokens are in circulation as of 31.07.2017).
In the meantime, we will be preparing for our 1st stage of our ICO on August 15!

Follow us on Facebook/Twitter for updates.

Bloomberg featured article about GFL

Date: 29 May - 2018

The Cost of Crypto Is Turning Miners Towards Green Power. /
Vakhtang Gogokhia’s plan to extract cryptocurrencies from the netherworld of cyberspace relies on a strategy familiar to many old-school manufacturers who use a lot of energy -- the cheaper the fuel, the better. Read full article: /


Vakhtang Gogokhia

Co-Founder & Ceo

Nikoloz Khidureli

General Adviser, Stanford Fellow

Shota Metreveli

Chief Counsel

Nika Sakvarelidze

Investor Relations Lead

Lasha Ramishvili

Chief Technical Officer

Zurab Kerdzevadze

Project Manager

David Kobalia

Business Development Lead

Leon Lim

Procurement Lead

George Van Den Berg

Renewable Energy Expert



Golden Fleece

(941) 473-0736

Lortkipanidze str. 10, Tbilisi, Georgia, 0114



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