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About OREToken(ORET)

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What problem does OREToken solve? (or: what human need does it satisfy?) and how exactly does it do so?

The locals in the gold rich area of Paso Yobai negotiated a deal with the company

Latin American Minerals Inc. negotiated a hand over of 83.36 hectares that they

have the mining rights to. This hand over included 850 meters (2788 feet) of the

Paso Yobai gold trend that is defined by an 8,000-meter-long by 300-meter-wide

(26246 feet x 984 feet) gold soil anomaly.

The 850 meters by 300-meter area contains an average of 7.5 g/t of gold. The

locals formed the, Asociación de Pequeños Mineros (Small Miners Association).

The problem was that they had little to no experience in mining. Using makeshift

Gold Recovery Plants, they only recovered about 30% of the gold. Around 70%

of the gold ended up in their Tailings, but this Open Pit Mining was still

economically viable to a depth of about 15 meters. As the Pit got deeper the costs

of mining rose to a point that it was no longer profitable, so the land owners

started to rent out (lease) the land to entrepreneurs. Some of the entrepreneurs

brought in better Gold Recovery Plants and did well up to a depth of about 40

meters, but they too were losing, in some cases, up to 50% of the gold in Tailings.

Their main problem was that most did not have people with gold recovery

experience or mining experience or that they invested in the wrong types of Gold

Recovery Systems for this area. Another big problem is that none of the mining

operations did any forward planning for the roads inside the Pit. They made

makeshift cranes with buckets to hoist out only the ore that contained a high

concentration of gold. The rest of the ore was removed by excavator in a step by

step manner. In many cases a very costly 8 to 9 step process. All this ore was

discarded and not processed.

All of the above problems lead to the closure of many of these companies and

now there are many gold rich areas up for sale.

How is the idea monetized? How do the token holders profit?

Our goal is to create a cryptocurrency that will be entirely backed by a company dedicated to the extraction of precious minerals such as gold.

The company, Paraguay Mineral Mining S.A. (PMMSA) will distribute 45% of the net profits to all ORET Token holders. This distribution will be done on a weekly basis.

As a result of the geological exploration of the area, our experts have calculated that the average gold mineralization is 7.5 g of 999 alloy of Gold per ton of ore. The calculations show that our projected plant will give a net profit of 2,517,500 USD per month of which 1,132,875 USD which will be equally distributed among the 12,500,000 ORET tokens. That is equivalent to 0.09 UDS per ORET per month.

Team

OREToken's team members.

Nicolaas Spangenberg

Nicolaas Spangenberg

Chief Executive Officer

Linkedin
Hugo Dominguez

Hugo Dominguez

COO

Linkedin
antonio caballero

antonio caballero

Chief Marketing Officer

Linkedin

Roadmap


 
October 2017 Idea
November 2017 Company formation
February 2018 Evaluation of land profitability. Realization of studies in the properties to acquire, by means of soil perforations and analisys of the samples
March 2018 OREToken Proyect Begins: Road Map. Token Distribution. Whitepaper
September 2018 Promotion for Airdrop. Airdrop
November 2018 ORET Token ICO
January 2019 ORET Token ICO end. Announcement of introduction to exchanges.
February 2019 Main activities begin: Acquisition of land and machinery for the main extraction plant. Start of production with the pilot plant. (The land to be purchased already includes some trucks and a primary extraction plant that is ready to run.).
April 2019 First profits sent to the investors will be from the Primary Extraction Plant.
June 2019 Arrival and installation of the Main Extraction Plant.
August 2019 Launch of the exclusive Dashboard. Presentation of the Main Extraction Plant. The Main Extraction Plant is put in operation.
September 2019 Start of profit distribution from the Main Extraction Plant.
October 2019 Study and technical evaluation for the expansion of the company Acquisition of more hectares near the mine to increase the production of the Company. Exploration of new areas rich in precious minerals. Study the viability for expansion to new reas in the country.
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Quick notes

Tokenomics

Token Info

Available tokens: 88% Price: 1 ORET= 0.545$ Soft Cap: 2500000$ Hard Cap: 6000000$ Buy with: ETH, BTC, LTC Platform: Ethereum Location: Paraguay Restricted: USA/CHINA

Other Info

MVP/Prototype: No Escrow: No Category: Other

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What problem does OREToken solve? (or: what human need does it satisfy?) and how exactly does it do so?

The locals in the gold rich area of Paso Yobai negotiated a deal with the company

Latin American Minerals Inc. negotiated a hand over of 83.36 hectares that they

have the mining rights to. This hand over included 850 meters (2788 feet) of the

Paso Yobai gold trend that is defined by an 8,000-meter-long by 300-meter-wide

(26246 feet x 984 feet) gold soil anomaly.

The 850 meters by 300-meter area contains an average of 7.5 g/t of gold. The

locals formed the, Asociación de Pequeños Mineros (Small Miners Association).

The problem was that they had little to no experience in mining. Using makeshift

Gold Recovery Plants, they only recovered about 30% of the gold. Around 70%

of the gold ended up in their Tailings, but this Open Pit Mining was still

economically viable to a depth of about 15 meters. As the Pit got deeper the costs

of mining rose to a point that it was no longer profitable, so the land owners

started to rent out (lease) the land to entrepreneurs. Some of the entrepreneurs

brought in better Gold Recovery Plants and did well up to a depth of about 40

meters, but they too were losing, in some cases, up to 50% of the gold in Tailings.

Their main problem was that most did not have people with gold recovery

experience or mining experience or that they invested in the wrong types of Gold

Recovery Systems for this area. Another big problem is that none of the mining

operations did any forward planning for the roads inside the Pit. They made

makeshift cranes with buckets to hoist out only the ore that contained a high

concentration of gold. The rest of the ore was removed by excavator in a step by

step manner. In many cases a very costly 8 to 9 step process. All this ore was

discarded and not processed.

All of the above problems lead to the closure of many of these companies and

now there are many gold rich areas up for sale.

How is the idea monetized? How do the token holders profit?

Our goal is to create a cryptocurrency that will be entirely backed by a company dedicated to the extraction of precious minerals such as gold.

The company, Paraguay Mineral Mining S.A. (PMMSA) will distribute 45% of the net profits to all ORET Token holders. This distribution will be done on a weekly basis.

As a result of the geological exploration of the area, our experts have calculated that the average gold mineralization is 7.5 g of 999 alloy of Gold per ton of ore. The calculations show that our projected plant will give a net profit of 2,517,500 USD per month of which 1,132,875 USD which will be equally distributed among the 12,500,000 ORET tokens. That is equivalent to 0.09 UDS per ORET per month.

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