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1  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO]ORETOKEN ⛏: WHEN GOLD MEETS BLOCKCHAIN TECHNOLOGY on: December 02, 2018, 04:03:43 PM
You need to acquire a large amount of land looks forward to mining, So have you yet decided where will you go acquisition of the land, Is it Paraguay?
And when will it start digging for the Gold?

Hi kinchit
Depending on the amount of funds raised, we will be acquiring between 10 to 43 hectares on top of the main gold vein.

Yes the mine is in Paso Yobai, Paraguay. Here is a link to Google Earth to see the exact location earth.app.[Suspicious link removed]/wAwbxV  It is a pity that Google has used a photo after some heavy rains.

I recommend that you read our White Paper. In the WP you can find details as to the location and satellite view of the mine, plus all the details. https://www.oretoken.io/docs/ORET-Whitepaper.pdf
Mining will start in at the end of February 2019. Ore will be processed in the already existing Pilot Plant. The Main Processing Plant will be up and running in August 2019.

2  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO]ORETOKEN ⛏: WHEN GOLD MEETS BLOCKCHAIN TECHNOLOGY on: November 30, 2018, 04:14:15 PM
It is crucial to understand the need to have a properly working ecosystem, some ideas on how to develop it and find the fundamental missing links. Otherwise, some failing services and instruments, and even illegal activities, can cause too much harm to hinder development of this project.


Hi Chavarsha

I agree with you on this point.  We have taken just over a year to get to where we are now, Paraguay Mineral Mining SA (PMMSA) is a fully registered and licensed Mineral Mining Company.  PMMSA is regulated by the National Department of Mining & Energy.
3  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO]ORETOKEN ⛏: WHEN GOLD MEETS BLOCKCHAIN TECHNOLOGY on: November 30, 2018, 04:07:42 PM
So this project will also selling some gold, beside the cryptocurrency trading?
Wouldn't it get limited customer for the gold, cause the customer are just came from high society people?

HI  Freyanalie
The protect is backed by Paraguay Mineral Mining Company (PMMSA).  PMMSA extracts and processes the gold to sell.  The holders get 45% of the Net profits of PMMSA, that is payed out to holder in Ethereum. So our customers are people that want to make a USD 0.09 monthly profit per OREToken.  You invest and we do the work. This part is better explained in our White Paper.
4  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO]ORETOKEN ⛏: WHEN GOLD MEETS BLOCKCHAIN TECHNOLOGY on: November 30, 2018, 03:57:33 PM
A good idea, in fact it is a decent business, how many people in your team, only two? what market will the project aim at?


Hi.
There are 10 ORET Team members and 4 advisers.  Our market are for countries that do not have Securities regulation as ORET is a Securities Token.
5  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO]ORETOKEN ⛏: WHEN GOLD MEETS BLOCKCHAIN TECHNOLOGY on: November 28, 2018, 09:21:47 PM
As I understand it, the protocol will be used by ERC20. But, now newer and more compatible protocols are being used. ERC223 for example. Faster and safer. Second question. How legal is the gold mining activity?

1) I don not really have answer for you here.

2) Paraguay Mineral Mining SA is a fully registered and licensed mining company. All our documentation for mining is as required by the government. PMMSA also pays wages, medical, social benefits etc. as stipulated by the government.
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