The ORET token was created by Paraguay Mineral Mining S.A. (PMMSA) to finance the purchase of land, concessions, and machines for the recovery and extraction of gold. It is among the first options in the crypto world to invest and share a Gold Mining Company’s profits. Token holders will get their weekly profits in Ethereum, thanks to the blockchain technology.
The ORET token is an innovative project that opens an opportunity to invest in a corporation dedicated to gold’s extraction and recovery. 45% of the net profits will be distributed among the token’s overall supply. When PMMSA becomes operational, the gold mined by the firm will be sold in USD, and 45% of the net profits will be converted into Ethereum. ORET token owners will get their dividend in Ethereum. It will utilize a weekly snapshot to determine the wallet addresses that hold ORET tokens. The software then reads the snapshot details to compute the distribution and send the corresponding Ethereum to token holders automatically.
For ORET token holders to obtain their profits, their holdings should be stored in an ERC-20 wallet with their private key (metamask, myetherwallet, etc.), and must not be in an exchange during the snapshot.
The PMMSA team includes two individuals knowledgeable in extracting and recovering gold. Its CEO Nicolaas Spangenberg is a South African Gold Mine Manager boasting over eight years of experience. The group also have the core drilling analysis and geological surveys of the land they wish to acquire, showing that it is rich in gold.
2018-11-01 – 2019-01-31
|Price||1 ORET = 0.545 USD|
|Minimum Investment||50 USD|
|Soft Cap||2,500,000 USD|
|Hard Cap||6,000,000 USD|
|Restricted areas||USA, China|