GOLDEN NUGGET: NEW STABLECOIN COOKED FOR ORIGINAL GOLD (Golden Nugget Project Overview)
INTRODUCTION
Our history tells of an industry-educated family business with years of experience in the field of heavy equipment manufacturing - ceramic production - and our knowledge will now be incorporated into the design and production of new environmentally friendly ways of extracting precious metals from the soil. The gold to be mined, can only be purchased through our GNTO Token on the Goldenugget platform, will be mined on our property in West Africa where we have been present for more than 10 years. That is a big difference between us and 99% of "Gold guaranteed" projects on the Blockchain. Afro Splendid Minerals Co. Ltd., is a registered company in Ghana that is 100% owned by the founder of GoldeNugget, and was founded in 2011 as a mining machinery and land transfer company. Africa is one of the fastest growing markets in the world. We are passionate about the growth and development of this great continent that has many things to offer. Our goal is to help drive this growth and drive Africa forward by working as well as possible in our sustainable mining projects. GoldeNugget is a reality, with more than 3,000,000.00 Euros invested in West Africa for the earth moving machine for the gold industry. Where you can really feel the dust, noise, and smell of business. Where people really have goals, where people really see the actual results in their hands at the end of the day. Just call it the "Old Economy", but this business used to be the actual money value, the same money that currently still allows you to buy bread. So why not unite old but dirty businesses with new innovative industries like Crypto in Switzerland where buyers can rely on predictable legal frameworks.
Overview
Goldenugget is a combination of decentralized blockchain technology and the most antique, reliable, increasing value, and stable asset: GOLD! Goldenugget is the first Crypto platform that allows Token holders (GNTO) to buy or auction Dutch Mined Gold.
Mission
Our mission is to create a Gold purchasing platform. The Goldenugget platform allows buyers of GNTO Tokens the possibility to buy Gold directly or to participate in Dutch Auctions which will give them an interesting opportunity to get Gold at a favorable price.
Vision
To be the most influential innovator in the field of land mining on the planet, that is our goal. As you know, land mining is not an ecological industry, we, at GOLDENUGGET, want to revolutionize this industry. From the use of new environmentally friendly non-toxic chemicals, and become the most environmentally friendly miners on earth, respect our neighbors and work with them to create and build infrastructure and services so that after the project is finished they will have something to prosper.
How does it work?
THE GNTO IN BLOCKCHAIN ETHEREUM
GNTO is a token that is compatible with GoldeNugget ERC20 which is listed on the Ethereum main network, printed in 30,000,000 units with 18 decimal places, and will be used by buyers to buy Gold at the "outlet" price, or on our Reverse Auction website or Dutch Auction.
The Golden Block Blockchain is a publicly licensed blockchain that is compatible with EVM (Ethereum Virtual Machine) with the Authority's Proof of Consensus Algorithm.
Blocks are verified every 30 seconds.
The Goldenugget Blockchain stores and tracks all operations from Gold manufacturing to shipping purchases and the Reverse Auctions website, tracking paper items sold, making it redeemable at any time.
IEO (Initial Exchange Offer)
IEO stands for Initial Exchange Offer. We are not a Cryptocurrency Exchange, but we are exchanging Tokens issued with our artificial Gold through various simple exchange mechanisms or Dutch auctions. To participate in our Crowdfunding, we have chosen to apply KYC and AML procedures and to sell our Tokens on the Swiss-based Eidoo Exchange platform so buyers understand the difference between a real and sustainable project versus the possibility of fraud. This allows us to transmit all steps that may be safe and protected in terms of project trust and clarity. The token will be supported by gold and the sale of tokens will not be done through traditional ICO, but through the IEO (Initial Exchange Offering), because sales will occur directly on the Eidoo exchange. Issuance of tokens will be carried out by Swiss companies based in Canton Ticino, Pieffe Consulting SA, which will handle the marketing of gold.
In connection with running a gold brokerage activity, and before conducting a gold transaction, GoldeNugget will be affiliated with an SRO organization. GoldeNugget IEO (Initial Exchange Offering) will begin in May 2019 and will run for 4 months or until the hard stamp is reached.
The main problem
Mining Responability of the environment
The Crypto "Jungle"
Utility, security or Stable Tokens?
Solution
Solution 1 | Clean & Environmentally Friendly Mining Solutions
Soulusi 2 | Cryptography Project
Goldenugget: New Stablecoin pegged to real gold
When stabecoin became increasingly popular in the crypto market, the Goldenugget project, which has been active in the gold mining business since 2011, has decided to launch its own ERC20 token, GN Token. Goldenugget: A New Stablecoin Pegged To Real Gold
Benefits of Stablecoin
Cryptocurrency volatility is not new and stablecoin is increasingly establishing itself as a means to facilitate the entry of people into this sector.
Founders
The founders of the company were Ettore Massimiliano Nassetti and Roberto Piras Arrobbio and had known each other since their college days in Switzerland. They have decided to combine their senior experience and friendship for this revolutionary blockchain project.
Father. Nassetti, Founder and President of Goldenugget came from a family of entrepreneurs in various industries such as motorbikes, hospital equipment, and ceramic machinery, which originated in the 1920s. He spent the last 30 years living and working in various countries in Asia developing a family business. He has spent the last 6 years in Ghana (West Africa) managing a family business related to gold.
Father. Piras Arrobbio, Co-Founder, comes from a family of diplomats and has been active in trading ferro and non-ferrous metals since the early 1990s. In his life he has traveled and lived in countries around the world, gaining experience in the mining and metal industries.
Technical review
Token Name: GoldeNugget Token
Token symbol: GNTO
Total GNTO: 30,000,000 GNTO
Available for IEO (Hard Cap): 19,500,000 GNTO
Emission Level: New Tokens will not be emitted
Exchange Tokens:
Will not be released on the market for a period of 12 months
Amount Released: Tokens that have been exchanged for Gold on the Goldenugget platform will be released on the market through exchange at market prices.
Conversion Rate: 1 GNTO = 1 USD $ or ETH equivalent
Minimum transaction amount of 0.8 ETH
Soft Cap of 2,000,000 GNTO
Hard Cap 19,500,000 GNTO
Note: Tokens are classified as utility tokens because the purpose is to allow access to blockchain-based platforms for purchasing gold. The specific function of tokens is to allow users of the platform to purchase physical gold from Pieffe Consulting SA, extracted by AfroCo, at a fixed price.
Team
Roadmap
The Goldenugget platform allows buyers of GNTO Tokens the possibility to buy Gold directly or to participate in Dutch Auctions which will give them an attractive opportunity to get Gold at favorable prices, which will enhance the reputation of our crypto projects on the world market. Excellent an innovative project that builds a reputation-based social platform that bridges the gap in trust between blockchain investors, influencers and project teams with extraordinary prospects. In addition, I see a team that is very reliable and experienced in managing this project, I'm sure this project will bring great success later and I will always support this project and I think this project has a strong team, who has experience for the future of development, this is a good project for investment. A strong project with strong team members, I am very happy to be part of this great opportunity. In my opinion, it will have a successful future!
More information visit the link below:
Website: https://www.goldenugget.ch/
Twitter: https://twitter.com/GoldeNuggetCH
Telegram: https://t.me/GoldeNugget_token
AUTHOR: Gambangcity
ETH: 0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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