ORETOKEN ICO Review
One of the first `digital money backed by metal (Gold) mining firm, PMMSA or Mineral mining South African has made the ORETOKEN raise the needed funds for acquisition of the area, concessions and tools for extraction as well as recovery of Gold. The ORETOKEN is an exclusive plan that’ll provide you the option to invest in a firm dedicated to the extraction as well as recovery of Gold.
Over 45 percent of the net revenue will be distributed between the full supplies of ORETOKEN. When PMMSA Company is operational, the entire gold mined by the firm is gold in USD. Over 45 percent of the net income is converted to ETH. The entire ORETOKEN owners will get their dividend in ETH. A weekly based Snapshot will be applied to see wallet ID holds the ORETOKENS.
WHAT IS ORET?
ORETOKEN, a kick starter coin based on ERC: 20, is the means of PMMSA to grow the capital needed to purchase the metal-rich land plus acquire the entire needed tools for the gold processing plant. The PMM South Africa will make a weekly ETH deposit of revenues to the entire their ORET holders.
Dashboard
• ETH balance corresponding to your weekly incomes
• Visualizing the entire data, at a glance
• See the deposit terms of your revenues
• The choice to transfer your main and ETH address, to receive your deposit and revenues notification
Features
Initial coin offering (ICO) E-structure description
• Right after ICO completion, the entire funds raised will be applied for financing PMM South Africa.
• PMMSA plans to rise among $2,500,000 to $6,000,000 in the ICO phase.
THE ICO PROGRAM IS AS FOLLOWS
• Their goal is to rise among 2,500,000 to 6,000,000 with $6,000,000 as the goal.
• 12,500,000 tokens will be issued by the ETH block, with no option for the making of further Tokens.
• The ORET tokens can be purchased by investors using ETH.
• The ORET tokens will be sold via a smart agreement based on ETH.
• After the conclusion of the ICO, the entire funds will go to PMMSA, for the financing and administration of the Company.
• Paraguay Mineral Mining will acquire incomes from the mine located in PASO YOBAI and will allocate 45 parents of the Net incomes amongst all the ORET Token owners on weekly terms.
Technical Information
• The entire gold extracted by the corporation every week is sold in USD.
• The entire taxes and expenses are paid.
• The corporation converts 45% of the weekly Net incomes in ETH for distribution amongst all ORET tokens owners.
• In order for Token owners to receive their incomes, their ORETs have to be stored in an ERC: 20 wallets that they’ve the personal key to. Examples, Meta mask, my ether wallet, etc.
• Owners will not accept payments for Tokens that are on the replace right now of the Weekly Snapshot.
• ETH deposits will be completed weekly to all ORET owners.
• For the primary year, 45% of the Net income of Company will be distributed in ETH to all Token holders.
ICO details
• Token name: ORET Token
• Symbol: ORET
• Price: 0.545 USD
• Platform: ETH
• Accepting: ETH
• Start Date: Nov, 01, 2018
• Finish Date: Jan, 31, 2019
• Full Supply: 12500000
• Soft cap: $2500000
• Hard cap: $6000000
• Country: Paraguay
Useful links:
Website: https://www.oretoken.io/
Whitepaper: https://www.oretoken.io/docs/ORET-Whi...
ANN: https://bitcointalk.org/index.php?top...
Facebook: https://www.facebook.com/OREToken
Twitter: https://twitter.com/oretoken
Telegram: https://t.me/OREToken
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