GOLDENUGGET

Pangeran Milano

Gold Auction Platform of The Future!

What is Goldenugget ?

Our history tells about an industrial educated family business with many years of experience in the field of heavy machinery plants Ceramic production and our knowledge will now be put into the design and production of a new eco-friendly way of extracting precious metal from the ground.

The gold which will be mined, purchased only via our GNTO Token on Goldenugget’s platform, will be displayed in our properties in Western Africa where we are present since over 10 years. That is the big difference between us and 99% of those “Gold guaranteed” projects on the Blockchain.

Afro Splendid Minerals Co. Ltd., is a Ghanian registered company 100% owned by Goldeuger’s founder, and was founded in 2011 as a mining and heavy earth moving machines rental company.

Africa is one of the fastest growing emerging markets in the world. We are passionate about the great continent that has so much to offer. Our goal is to help fuel this growth and drive in Africa by cooperating at our best in sustainable mining projects.

GoldeNugget is an existing reality, with over 3,000,000.00 Euro has been 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 actual people really see results in their hands at the end of the day. Call it “Old Economy”, however this business was actually the value of money, today allows you to purchase bread. Why isn’t the old dirty real business with new innovative industries such as crypto in Switzerland where purchaser can rely on a predictable legal framework.

Mission

Our mission is to create a Gold purchasing platform. The Goldenugget platform allows the GNTO Token purchasers the possibility to purchase Gold directly or to participate at Dutch Auctions which will give them the interesting chance to acquire Gold at a favorable price.

Vision

To become the most influential innovator in the field of ground mining on the planet, that’s what we aim to be. As you know, ground mining is not an ecological industry, we, at 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.

How does it work?

THE GNTO ON THE ETHEREUM BLOCKCHAIN

GNTO is GoldeNugget’s ERC20 compatible token registered on the Ethereum main net, minted in 30.000.000 units with 18 decimals, and will be used by purchasers to purchase Gold at “outlet” prices, or on our Reverse Auction website or Dutch Auction.

The Goldenugget Blockchain is a EVM (Ethereum Virtual Machine) compatible public licensed blockchain with Proof of Authority Consensus Algorithm.

The blocks are verified every 30 seconds.

The Goldenugget Blockchain stores and tracks all the operations from Gold manufacturing to delivery of the purchases and of the Reverse Auctions website, the tracking papers of the items for sale, making them redeemable at any time.

IEO (Initial Exchange Offer)

In today’s market, considering the unbelievable proportion and percentage of failed Crypto projects and where purchasers find it hard if not impossible to participate in projects that have actual future, we have decided to approach our “Crowdfunding strategy” completely different from others. While most of the Crypto projects in high majority fail or not even begin. GOLDENUGGET will revolutionize the market by redesigning the concept of ICO’s, STO’s or crowdfunding.

IEO stands for Initial Exchange Offer. We are not a Cryptocurrency Exchange, however we exchange our issued Tokens with our manufactured Gold through different mechanisms of simple exchange or Dutch auctions. In order to participate in our Crowdfunding we have opted to implement the KYC and AML procedure and to sell our Tokens on the Swiss based Eidoo Exchange platform so that purcahsers understand the difference between a real and sustainable project versus a possible scam. This allows us to transmit all the possible safe and safeguarding measures in terms of trustworthiness and clarity on the project.

In connection with carrying out the activity of gold broker, and before making gold transactions, GoldeNugget will be affiliated to a SRO organization.

GoldeNugget IEO (Initial Exchange Offering) will begin in May 2019 and will run for 4 months or until the hard cap is reached.

Problem

Mining enviromental Responsability

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.

Mining operations have environmental responsibility include the protection of land, water, and air.

(For more information read our White Paper.)

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.

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.

Technical overview

Token Name: GoldeNugget Token

Token Symbol: GNTO

Total GNTO amount: 30,000,000 GNTO

Available for IEO (Hard Cap): 19,500,000 GNTO

Emission Rate: New Tokens will not be emitted

Exchanged Tokens: Will not be released on the market for a period of 12 months

Released Quantity: Tokens that have been exchanged to Gold on Goldenugget’s platform will be released in the market through exchanges at market price.

Conversion Rate: 1 GNTO = 1 USD$ or ETH equivalent

Roadmap

To build a great project it is necessary a lot of dedication, hard work and an extraordinary amount of organization. Goldenugget has been on our mind since long time and still, we have amazing plans for the future. Every milestone has been deeply thought for the best execution possible and every step we will take will bring us a little closer to the final success.

This is our journey. Be part of it!

2011

April: West African Afro Splendid Minerals Co. Ltd starts with over 3,000,000.00 € Investments

2018

January: Decision to invest into a Blockchain project is approved

May: Project Start - Workshop for strategic decision

June: Project launch - Blockchain development starts

June: Definition of name and logo

July: Project Website development start

September: Smart Contract prototypes development + Crash Tests

2019

January: Blockchain completion + Crash Tests