For many years, gold was considered one of the most valuable precious metals. Its price has always been and will be stable. In this regard, most people who want to get rich, looking for gold deposits. This is how the gold camp called Paso Yobai was found in 1996, which is one of the richest gold deposits. According to the results of drilling and numerous studies, Paso Yobai can produce from 61250 to 157500 tons of gold.
Previously, the locals tried to get gold in the area, but their efforts were fruitful only to a depth of 15 meters, as at a greater depth required the presence of experience and specialized equipment, which they did not have. It is also important to note that the residents extracted only gold-rich ore, leaving without attention rocks with a content of 4 to 7 grams of gold per ton.
That is why the company Paraguay Mineral Mining SA, which owns 83.37 hectares of Paso Yobai, has created its investment token ORET, which will attract funds and start mining gold in the area.
Project objective
The main goal of ORET developers is to raise funds to start the process of gold mining and provide investors with a profit of 45 percent of the income of the gold mining company.
Principle of operation
The work of the gold mining company will be carried out simultaneously in two areas:
- Area 1 - processing of excavated land and production of alluvial gold, which will begin immediately after the ICO;
- Area 2 - development of the main gold mine, which will begin 3 months after the completion of the investment.
The ORET project team, which has 8 years of experience in the field of gold mining, will acquire all the necessary equipment, build a processing plant and buy additional land for the amount collected from the investment.
The size of the plot will depend on the amount collected:
- $ 2.5 million – 10 hectares;
- $ 4 million – a 32 hectare;
- $ 6 million – 43 hectares.
According to preliminary calculations, the net income of the company will be about $ 2.5 million per year, of which 45 percent will be evenly distributed among the holders of the platform's tokens. The process of profit distribution will take place after the sale of gold and the conversion of 45 percent of the funds received into the virtual currency Ethereum. Dividends will be accrued exclusively in ETH tokens, and their volume will directly depend on the number of ORET tokens in the investor's account. Transfer of funds to the wallets of investors will take place every week.
The ORET project team will use Blockchain technology to distribute income and attract investments, as It allows attracting investors from all over the world and ensuring the integrity and security of the distribution of funds.
It will be possible to buy ORET tokens during the ICO.
Dates and details of the ICO
The developers of the project intend to sell 12.5 million coins at a price of 0.545 dollars for ORET. The sale will be carried out in the period from November 1 this year to January 31, 2019. The minimum investment is $ 50, the maximum is $ 150 thousand.
Softcap project - $ 2.5 million, hardcap - $ 6 million.
The distribution of tokens is as follows:
Conclusion
The ORET project offers its clients an investment token backed by gold, which will allow everyone to receive passive income. Unlike most modern ICO, this project offers a transparent income distribution scheme and a fairly simple development plan, the implementation of which will not take much time. Moreover, dividends will be accrued every week, which is very beneficial for most investors.
ORET coins can bring a good income to investors, so you should seriously think about their acquisition until the ICO stage is completed.
Official resources of the project ORET:
