GOLDENUGGET - The Earth's Driving Machine for the Gold Industry in West Africa:

Francis Odinigwe

The General Concept Of The Goldenugget Platform:

Introduction:

GoldeNugget is a combination of decentralized blockchain technology and the most antique, reliable, increasing value, and stable asset, namely Gold. GoldeNugget is the first Crypto platform that allows Token holders (GNTO) to buy or auction Dutch Mined Gold. GOLDENUGGET is an existing reality, with over 3,000,000.00 Euro’s already invested in West Africa for earth moving machines for the gold industry. Where you can really feel the dust, the noise, and the smell of business. Where people really have an objective, where people really see actual results in their hands at the end of the day. Call it “Old Economy”, however this business was once the actual value of money, the same money that still today allows you to purchase bread. So why not unite an old dirty but real business with new innovative industry such as Crypto in Switzerland where purchaser can rely on a predictable legal framework.

In this modern era, it’s good that you always use technology to carry out activities, including managing investment. Now a platform is here to harmonize an investment in land, gold or something else, this will be incorporated into the design and production of friendly ways new environment in extracting precious metals from the soil. The gold to be mined, can only be purchased through our GNTO Token on the Goldenugget platform, will be mined on our property in West Africa where we have been present for more than 10 years. That is a big difference between us and 99% of Gold guaranteed projects on the Blockchain.

Goldenugget want to revolutionize the industry. From the use of new eco-friendly non-toxic chemicals, and become the most environmentally friendly miners on the earth, respecting our neighbors and working with them to create and build infrastructure and services so that once the project is finished they will have something to prosper on.

OUR MISSION:

Our mission is to create a Gold purchasing platform. The Goldenugget platform allows buyers of GNTO Tokens the possibility to buy Gold directly or to participate in Dutch Auctions which will give them an interesting opportunity to get Gold at a favorable price.

OUR VISION:

To be the most influential innovator in the field of land mining on the planet, that is our goal. As you know, land mining is not an ecological industry, we, at GOLDENUGGET, want to revolutionize this industry. From the use of new environmentally friendly non-toxic chemicals, and become the most environmentally friendly miners on earth, respect our neighbors and work with them to create and build infrastructure and services so that after the project is finished they will have something to prosper.

THE MAJOR PROBLEMS:

1. Mining Environmental Responsibility:

Mining is the extraction of minerals and other geological materials of economic value from deposits on the earth. Mining has the potential to have severely adverse effects on the environment including loss of biodiversity, erosion, contamination of surface water, ground water, and soil. Other than environmental damage, mining may also affect the surrounding population's health as a result of contamination caused by the leakage of chemicals.

In Ghana, where the government is seriously controlling and implementing safety and pollution laws, mining companies are expected to adhere to rehabilitation and environmental codes, making sure that the area mined is eventually transformed back into its original form, or at least as much as it is possible. Different types of mining methods can have significant public health and environmental effect. The erosion of exposed tailing dams, mine dumps, hillsides, and the resultant siltation of creeks, drainages, and rivers can affect the neighboring areas.

2. The Crypto Jungle:

The blockchain has been created 10 years ago with the Bitcoin. Today, 10 years after, we are in a real Crypto Jungle situation: ICOs vs. STOs or ITOs, Utility vs. Security token, TOKEN Vs. COIN, FIAT, CRYPTO, STABLE COIN etc….. All this looks like a dangerous jungle for most people, and mainly for all those who are curious and might even be ready to invest some money, scared of the possible fluctuations, uncertainties, failures or even scams.

Today’s crypto market is quite different from just a few months ago. It evolved, Goldenugget will actually allow purchasers to purchase Gold from its platform. KYC information collection, User GDPR Privacy Policy, Protection of user sensitive data, length and restrictions on FIAT currencies receipts (bank compliance) are the new frontiers for the protection of the blockchain and every project rotating around it. Many jurisdictions, including Switzerland, have taken steps to regulate this phenomenon through legislative, regulatory, or judicial action. Realization times are another issue: it’s customary to issue TOKENS and the related services with medium-long timescales, causing very often speculative bubbles, forcing them to sell below cost and disinvest.

3. Utility, security or Stable Tokens:

Let us try to clean up some confusion for all those who are interested in purchasing our tokens:

· Utility Token:

Utility tokens: Utility tokens are tokens which are intended to provide access digitally to an application or service by means of a blockchain-based infrastructure. (Source: FINMA)

· Security Token:

Securities are tradable financial assets such as bonds, options, shares (stocks), or warrants. Taking the example of stocks, you might understand that it is a way to own a part in a company without taking actual possession of it. When these conditions are met through a cryptographic token, we can definitely speak about a Security Token.

· Stable Token:

Stable Token refers to a new type of cryptocurrencies. Offering price stability they are backed by assets. In recent times, stable Token have gained enough interest, their attempt is to offer the best of both worlds, an instant processing, the security of payments of cryptocurrencies, and to avoid the volatility valuations of Cryptocurrencies. We, at Goldenugget made a choice which could become a new standard in order to guarantee the investor, the life of the project, the growth of the company and the future of the value of all assets and its cryptocurrency.

SOLUTION 1: CLEAN & ECO-FRIENDLY MINING:

Gold mining using innovative systems in order to lower the ecological impact on ground, air, vegetation, water and fauna in our CIL plant! Let us explain our mining process and make it clear why it is Eco-friendly and sustainable:

1. A thickener is used to maintain a constant percentage of solids utilizing 20% less water.

2. The Leaching process is therefore reduced by 20% bringing us to a leaching time of in 8-13 hours by fact reducing power consumption by 20%.

3. No toxic Cyanide is added. We will utilize new non-toxic chemicals and fully replace Cyanide by fact eliminating all the possible risks. This step is the milestone of eco-friendly mining.

4. Land Reclamation. The Ghanaian government emphasizes the importance of reclaiming mined land.

5. Reclaiming mined land with PALM OIL TREES which will be able to produce Palm Oil, largely consumed by the local population.

6. Solar Energy. 100% of the factory’s needs and to be completely green and not consume the government’s resources.

7. Benefits to locals. Employ locals, drill and bring water and supply electricity from our solar farms to the needy.

8. The Ghanaian Government’s main attention is placed on our workers, No child labor, fair salaries, No gender differences are our guidelines.

SOLUTION 2: THE CRYPTOGRAPHIC PROJECT:

We, at Goldenugget are convinced that the clearer the better. We are trying from the beginning to use words that everyone, interested to know more about our project, could understand. How many projects have you already looked into, being, at the end, more confused than before?

The Gold will all be smelted and delivered to Switzerland, precisely in the Chiasso area which was and still is considered the Gold Valley due to the presence of large Gold refining companies such as Valcambi, Argor, Pamp and others. Here, the Gold will be refined into different weights so that purchasers will be able to purchase or participate at the Dutch auctions for their desired quantity. We will rely on the Ethereum Blockchain for our Token and will use our own ERC20 based Blockchain to track and certify all our actions and progresses from manufacturing to the delivery to the end buyer or Dutch auction winner. On top of that, as we are Gold miners and producers we thought about a new and exciting way to give the chance to our clients to purchase real physical gold through the system of Dutch Auctions.

GOLDENUGGET TOKEN INFORMATION: