The project InnovaMinex implementing blockchain technology to track the history of mining, processing and transportation of gold, has announced the completion of the first phase of its ICO.
In the project claim that using the blockchain to guarantee the “ethics” and “transparency” of the supply chain of gold since at each stage the supply of the precious metal is certified. Certificates are recorded in the blockchain, and provides ease in establishing the origin of the metal.
InnovaMinex is a shareholder of the company MinexCorp, which owns gold mines in Colombia and there mining precious metals and producing collectible coins and jewelry. The project also released the MVP (a working prototype of the product).
In addition, the company provides assistance to the local population.
“We repair and build schools, build roads, organize the running water to improve the conditions of production. We strive to make work for all involved parties better and easier. We are investing money for profit”, — says General Director InnovaMinex Fernando Garcia Sanz.
In the framework of the ICO project will be implemented by your native token INX. Results will be released 300 million tokens, of which $ 210 million will be available for purchase.
Fernando Garcia Sanz said:
“Our project will be able to provide a stable relationship between gold and cryptocurrency INX, giving participants the opportunity to earn income in a variety of situations – tokens INX will generate revenue for their holders, even if the price of gold will decline. Token INX — a multifunctional financial tool that has multiple applications. People who buy a token INX gold or made of precious metals, receive additional, though very substantial discounts — for them the price of precious metals and glassware will be 30% below market”.
The campaign was launched on 26 November and is divided into four stages lasting two weeks each. At each stage the buyers will receive the corresponding bonuses.
- Phase 1 (completed): 26 November — 9 December 2018 (30% bonus)
- Phase 2: 10 — December 23, 2018 (25% bonus)
- Phase 3: December 24, 2018 — January 6, 2019 (bonus 15%)
- Phase 4: 7 — January 20, 2019 (10% bonus)
InnovaMinex also offers a special bonus to large buyers. Those who purchased more than 14 thousand tokens will receive a numbered gold ingot sterling silver.
The price for one token excluding bonuses is $0,5.
In the project stressed that in the case that all tokens will be bought before the planned date of the end of the ICO, the campaign will be minimized. If will be sold not all tokens remaining part will be blocked until 26 January 2020. Then InnovaMinex will unlock 10% unrealized INX annually and place them on the market.
In addition, everyone can participate in the bounty of the lottery on the official website of the project. The winners will win tokens or bonus during the purchase.
Earlier, the South African Corporation De Beers has launched a blockchain network to authenticate diamonds.
Source
