Block tech solutions are starting to find actual life use cases in the past few years; from logistics to health care, finance, entertainment, governance, amongst others. The clear fact is that this nascent tech is disrupting how business is being done, and the ORETOKEN is trying to tap into the decentralized system of the space to raise assets for its gold mining process.
Here is the back story…
PASO YOBAI is known for being a metal-rich area. Locals in the area were capable to successfully negotiate the handover of the land with Latin American company. The said portion also includes the area gold-rich defined 8k meters by 300 meters gold land anomaly. The landmass has an average of 7.5 g of gold.
The locals went to step forward by developing an association as expected local mines had no experience in mining, and they settled for makeshift metal recovery units. With this, there were just capable to recover about 30 percent of the metal. Put differently, about 70 percent of the metal finished up in their tailings. Furthermore, this choice was economically viable to a depth of about fifteen meters. Deeper depths mean the expense of mining rose upper than the fund gotten; making it unprofitable for locals to carry on working.
When mining became un-profitable applying makeshift metal recovery units, locals decide to start leasing out their soils to investors. A few of these investors came in with super tools that’d reach depths of 40 meters. But sadly, there were many hurdles and variables such as lack of skill and incorrect metal recovery units for the area and lack of the strategy on how to extract the metal (gold). As an outcome of this, a few investors were losing up to 50 percent of the metal in tailings.
ORETOKEN aims to effectively mine the metal of these sites. According to the website, our aim is to make digital money that’ll be completely backed by a firm dedicated to the recovery of costly metal such as gold.
ORETOKEN comprises a skilled team that’s backed by a legitimate firm, PMMSA. The CEO of the team is experienced gold mine manager with years of experience. The ORETOKEN group has performed surveys and drilling analysis on the soil they desire to acquire, and tests have proven that the soil is rich in gold. The ORETOKEN has been made to raise assets for the gaining land, concessions, and plants for extraction. The firm has revealed that over forty-five percent of the net income will be allocated to asset owners weekly.
Market Potential
Mining of metal will never go out of trend since it’s a costly metal. The ORETOKEN team has revealed that their purposed mining site will be capable to produce metal value $2,517,500 US dollar monthly, 45% of which will go to asset holders. To an extent, the firm is trying to decentralize mining investment, by adoption a complete tokenized model, investors form rest of the world can invest in their desired location or mineral, without being restricted by hurdles that are otherwise there.
Competitive Advantage
The power of ORETOKEN lies in its skilled team, the team members comprises of expert spanning across all the needed fields needed to pull this off; from mining to advertising, block, and logistics.
Token Distribution
ORETOKEN has a full toke supply of 12,500,000. In general, 96 percent of the tokens will be sold during ICO sale, while 4 percent will be applied for airdrops. It’s nothing that no tokens will be allocated to team members or those links to the company. Ten percent of the assets raised will, however, be kept in safety net to manage any unwanted costs.
Useful links:
Website: https://www.oretoken.io/
Whitepaper: https://www.oretoken.io/docs/ORET-Whi...
ANN: https://bitcointalk.org/index.php?top...
Facebook: https://www.facebook.com/OREToken
Twitter: https://twitter.com/oretoken
Telegram: https://t.me/OREToken
bountyminer referral link: https://bountyminer.io/register?r=215424620
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