Experts agree gold is the strongest investment today. What happens when it meets the power of blockchain
Gold has been an object of intrigue, fascination and interest for human kind for many a thousand years. It has been the coveted metal of choice for both ornamental value as well as for investments. In the rapidly changing volatility of the world economics, gold has time and again proved to be the most definitive and dependable investment for the long run. Some of the important factors that have made investment in gold a winning strategy are:
- It’s ability to act as a diversifier to compensate for losses during a market crisis.
- Provide higher risk adjusted returns through systematic and planned investments.
- A proven asset that has always outshone the prevalent currencies.
Just as in the case of world economics, the global technology scenario too has been an ever evolving one. With constant innovations and development, the road to a brighter future is now a distinct reality. Add to it the advent of decentralised technologies such as the Blockchain and the world dynamics of technology takes a whole new dimension for good. Imagine the stunning possibilities of a system that combines the value and profitability of the illustrious gold mining industry with that of the blockchain technology, and what you get is an opportunity to invest in a future that can only offer higher yields in return. Welcome PMMSA.
Paraguay Mineral Mining SA (PMMSA) is a company that has been formed with some of the finest brains of the industry to excavate gold from the rich areas of Paso Yobai. Located at a distance of 150 kilometres from the capital city of Asuncion, Paso Yobai is one of the most promising gold sites of eastern Paraguay. The locals residing in the area have now decided to sell the gold rich areas to prospective buyers since the 30% excavations of gold executed by them is all they could manage given the limitations in machinery and equipment.
PMMSA plans to excavate 83.37 hectares of gold rich areas of Paso Yobai from the APM (Association de Mineros Pequenos), the group formed by the locals when the excavations were initially started. PMMSA understands the potential of the gold deposits and has hence completed the required geological surveys along with drilling equipment to sample the deposits from its test planet which is already operational in the target zone.
PMMSA believes in the potential of the power of decentralised technologies and has hence decided to raise the funds required for land purchase, excavation, building the necessary infrastructure and building a main plant at the site through the blockchain technology by offering the ORET token through ICO (Initial Coin Offering). The ORET token is an Ethereum based ERC20 token standard and has the following accredits:
- Each ORET token is priced at $0.50 USD
- $150,000 USD worth of ORET is the maximum permissible purchase value for an individual.
- The tokens hard cap is set at 12,500,000
- To be sold through an Ethereum based ORET tokens need to be stored on an