GoldeNugget Token & Blockchain

Hello GoldeNugget community! 

We are happy to great you on this Saturday! We hope you’re having great fun🤗

Today we are going to tell you more about GNTO token!

First of all, the main feature is that GNTO allows it’s holders to purchase our mined gold or participate in Dutch auctions! 

It can be exchanged to real gold without any fee. 

THE GNTO ON THE ETHEREUM BLOCKCHAIN

GNTO is an 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

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.

The blockchain starts with 13 licensed validator nodes, and will scale up at need, offering the opportunity to known individuals to become Masternodes, and gain passive income from the operations.

Each node needs a computer (win, mac, linux) to operate, without restrictions regarding performance. An old computer can be used to host the validator node. It just needs to be left on as much as possible to gain the

benefit of 'transaction fees', distributed in round-robin style to the nodes.

To access Goldenugget Blockchain and its services, the user needs to install Metamask, widely known Ethereum wallet, and configure it with the parameters of any of the public RPC servers.

The initial RPC servers are hosted on:

107.191.117.203 on port 8545 - network ID 1100

167.99.195.230 on pot 8545 - network ID 1100

The blockchain monitor and tracking services are hosted on goldenugget.ch

Thank you for you attention!

And stay tuned in our social media! We have more to tell you every day 🤗