[ANN][ICO]ORETOKEN ⛏: WHEN GOLD MEETS BLOCKCHAIN TECHNOLOGY - page 3.

HugoM47

newbie

Activity: 5

Merit: 0

Quote from: amrulshare on December 06, 2018, 02:12:10 AM

I think this will be difficult when GOLD and digital assets become together, because these are two different things. this is develoment which is impossible

Hi,
I do not see it very difficult, what ORET wants to do is raise funds to set up a gold processing plant. After the company is 100% working, it will share 45% of its net profits with all the token holders. 45% of the profit is converted into ETH and distributed to all the people who have ORET in their wallet, by means of a weekly snapshot.

HugoM47

newbie

Activity: 5

Merit: 0

Quote from: clownisme on December 05, 2018, 01:42:51 PM

When the ICO will start and end, I mean when the token will be distributed? Is there any tentative date regarding this issue?

Hi,
the ICO stage started on November 1, will end on January 31, the tokens will be distributed at the end of the ICO stage.

bestpikka

full member

Activity: 574

Merit: 102

the more projects that bring the concept of gold mining with blockchain technology that sprang up and saw that from projects with the same theme that already existed I felt the potential for success would also be found by this project provided the team was serious in managing and building this project. hopefully in the future success can be achieved.

amrulshare

hero member

Activity: 1316

Merit: 546

Monday Hit Me Every week

I think this will be difficult when GOLD and digital assets become together, because these are two different things. this is develoment which is impossible

prettiestgirl

jr. member

Activity: 144

Merit: 3

No American or Chinese will not be able to purchase its token, I think it will cost a huge margin. A lot of investors will come from these locations but unfortunately, they will not get engaged in this project.

clownisme

jr. member

Activity: 175

Merit: 1

When the ICO will start and end, I mean when the token will be distributed? Is there any tentative date regarding this issue?

micle00

jr. member

Activity: 184

Merit: 4

Wow, of the total profit, They will aside 10% of the fund for the future unexpected costs or any kind of expense. this type of planning will work when it faces any urgency.

slidexman

newbie

Activity: 14

Merit: 0

Why OREToken will not be distributed to the team member or related any person? Is there any hidden premise to this issue? so far I have gathered experienced, I haven't noticed such type of strategy.

generous

hero member

Activity: 938

Merit: 500

Quote from: lucas18 on December 04, 2018, 12:07:01 PM

Quote from: jedisnarf on December 04, 2018, 12:03:04 PM

This OreToken has formed a good team and made a good planning of extracting gold from mineral mining. I hope that will be a great idea by using this blockchain system for creating a large amount of fund.

Not only that but also they've done a geological survey related to the mineral mining of the purpose of acquiring a good land and position in order to exploit a heavy figure of gold. that's a nice way of getting profit.

I think their strategy is already ripe before starting this project. and must require a survey that really can bring benefits if done. all of that is not easy and requires a long process. good luck

lucas18

jr. member

Activity: 396

Merit: 5

Quote from: jedisnarf on December 04, 2018, 12:03:04 PM

This OreToken has formed a good team and made a good planning of extracting gold from mineral mining. I hope that will be a great idea by using this blockchain system for creating a large amount of fund.

Not only that but also they've done a geological survey related to the mineral mining of the purpose of acquiring a good land and position in order to exploit a heavy figure of gold. that's a nice way of getting profit.

jedisnarf

newbie

Activity: 24

Merit: 0

This OreToken has formed a good team and made a good planning of extracting gold from mineral mining. I hope that will be a great idea by using this blockchain system for creating a large amount of fund.

kinchit

jr. member

Activity: 121

Merit: 1

Quote from: NEWICO INVESTOR on December 04, 2018, 11:49:17 AM

How an investor will receive his or her profit? I mean the way of getting, Is it BTC, ETH or anything else?

Ethereum will be used as a profit-sharing purpose, every token will be stored in the ERC-20 wallet with a private key. in this way, they will get their profitable share by this system.

NEWICO INVESTOR

jr. member

Activity: 207

Merit: 2

How an investor will receive his or her profit? I mean the way of getting, Is it BTC, ETH or anything else?

prettiestgirl

jr. member

Activity: 144

Merit: 3

It's really a unique project which will provide a feasible opportunity to invest in a profitable platform through the mineral mining, Following their calculation 45% profit will be distributed among the token holder.

asensio22

jr. member

Activity: 118

Merit: 1

Quote from: khudro on December 03, 2018, 01:03:56 PM

I think gold mining is not more profitable than cryptocurreny mining, day by day the gold price also decreasing as like blockchain platform, so Bitcoin or other cryptocurrencies mining will bring more profit in the future.

I agree with you on this point but this OreToken will be run based on the blockchain system. they are trying to raise their money through an ICO and they will provide the share of mining Gold against the Token so far I can understand.

khudro

jr. member

Activity: 159

Merit: 1

I think gold mining is not more profitable than cryptocurreny mining, day by day the gold price also decreasing as like blockchain platform, so Bitcoin or other cryptocurrencies mining will bring more profit in the future.

kinchit

jr. member

Activity: 121

Merit: 1

Quote from: dE_logics on December 02, 2018, 11:19:27 AM

Quote from: ORET CEO on December 02, 2018, 11:03:43 AM

Quote from: kinchit on December 02, 2018, 08:26:42 AM

You need to acquire a large amount of land looks forward to mining, So have you yet decided where will you go acquisition of the land, Is it Paraguay?
And when will it start digging for the Gold?

Hi kinchit
Depending on the amount of funds raised, we will be acquiring between 10 to 43 hectares on top of the main gold vein.

Yes the mine is in Paso Yobai, Paraguay. Here is a link to Google Earth to see the exact location earth.app.[Suspicious link removed]/wAwbxV It is a pity that Google has used a photo after some heavy rains.

I recommend that you read our White Paper. In the WP you can find details as to the location and satellite view of the mine, plus all the details. https://www.oretoken.io/docs/ORET-Whitepaper.pdf
Mining will start in at the end of February 2019. Ore will be processed in the already existing Pilot Plant. The Main Processing Plant will be up and running in August 2019.

PIC OF LOCATION

That's a nice idea, I think this plan will work following your tentative working schedule, I think it will be the most important task to select a good area because it costs a huge money.

slidexman

newbie

Activity: 14

Merit: 0

Quote from: kaleid on December 03, 2018, 12:01:10 PM

You are calculating that you will be able to generate more than 4K USD within 12 months through the investment of 5K USD on this project, how will you bring that amount of profit?

They are trying to calculate the profit based on the cost and benefit of Mineral Ore mining, per hour mining ore and extracting gold from this hourly effort. That's why they have calculated this amount of profit.

kaleid

newbie

Activity: 26

Merit: 1

You are calculating that you will be able to generate more than 4K USD within 12 months through the investment of 5K USD on this project, how will you bring that amount of profit?

dE_logics

hero member

Activity: 686

Merit: 500

Quote from: ORET CEO on December 02, 2018, 11:03:43 AM

Quote from: kinchit on December 02, 2018, 08:26:42 AM

You need to acquire a large amount of land looks forward to mining, So have you yet decided where will you go acquisition of the land, Is it Paraguay?
And when will it start digging for the Gold?

Hi kinchit
Depending on the amount of funds raised, we will be acquiring between 10 to 43 hectares on top of the main gold vein.

Yes the mine is in Paso Yobai, Paraguay. Here is a link to Google Earth to see the exact location earth.app.[Suspicious link removed]/wAwbxV It is a pity that Google has used a photo after some heavy rains.

I recommend that you read our White Paper. In the WP you can find details as to the location and satellite view of the mine, plus all the details. https://www.oretoken.io/docs/ORET-Whitepaper.pdf
Mining will start in at the end of February 2019. Ore will be processed in the already existing Pilot Plant. The Main Processing Plant will be up and running in August 2019.

PIC OF LOCATION

Topic: [ANN][ICO]ORETOKEN ⛏: WHEN GOLD MEETS BLOCKCHAIN TECHNOLOGY - page 3. (Read 11180 times)