The InnovaMinex project, implementing blockchain technology to track the history of gold mining, processing and transportation, announced the completion of the first stage of its ICO.
The project claims that with the help of the blockchain, the “ethical” and “transparency” of the entire gold supply chain can be guaranteed, since the precious metal is certified at each of the delivery stages. Certificates are written in the blockchain, which provides ease in determining the origin of the metal.
InnovaMinex is a shareholder of MinexCorp, which owns gold mines in Colombia and mines precious metals there, and also produces collectible coins and jewelry. The project also released an MVP (working prototype product).
In addition, the company provides assistance to the local population.
“We repair and build schools, build roads, carry running water, improve production conditions. We strive to make work for all parties involved in the project better and more convenient. We invest money for profit , ”says InnovaMinex CEO Fernando García Sanz.
As part of ICO, the project will implement its native INX token. A total of 300 million tokens will be issued, of which 210 million will be available for purchase.
Fernando Garcia Sanz noted:
“Our project will be able to provide a stable link between gold and INX cryptocurrency, giving its participants the opportunity to earn income in various situations – INX tokens will bring income to their holders even if the price of gold decreases. INX Token is a multifunctional financial instrument that has several uses. People who buy gold using the INX token or products made of precious metals receive additional, and very significant discounts – for them the price of precious metals and products made of it will be 30% lower than the market. ”
The campaign started on November 26th and is divided into four phases of two weeks each. At each stage, customers will receive corresponding bonuses.
- Phase 1 (completed): November 26 – December 9, 2018 (30% bonus)
- Phase 2: December 10 – 23, 2018 (25% bonus)
- Phase 3: December 24, 2018 – January 6, 2019 (15% bonus)
- Phase 4: January 7 – 20, 2019 (10% bonus)
InnovaMinex also offers a special bonus to large buyers. Those who acquire more than 14 thousand tokens will receive a numbered hundred gram ingot of sterling silver.
The price of one token excluding bonuses is $ 0.5.
The project stressed that if all tokens are purchased before the planned ICO end date, the campaign will be minimized. If not all tokens are sold, the rest will be blocked until January 26, 2020. After that, InnovaMinex will unblock 10% of unrealized INX annually and place them on the market.
In addition, everyone can take part in the bounty lottery on the official website of the project . Winners will be able to win tokens or receive an additional bonus when buying.
Earlier, South African corporation De Beers launched a blockchain network to verify the authenticity of diamonds.
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