This innovative project utilizes the blockchain to ensure traceability of precious metals. By utilizing various procedures, it becomes possible to certify the entire process. This will ensure traceability from the mine to the refinery, commercialization, up until the end consumer. Commercialization is done via e-commerce, partner stores, and ATMs.
It will allow buyers to verify where the metal they acquire came from. Thus, it will ensure the extraction was legal and that there was environment protection. Besides that, this will ensure the precious metal cannot be used in money laundering activity. This is because all transactions have been registered and everyone in the community can access the records.
The main goal is to ensure that people, via their crypto called the INX, can easily access all precious metals. As a result, clients can get the best prices. There will also be a huge emphasis on the safety of each transaction and transparency as well.
Mining Projects Run By InnovaMinex[edit | edit source]
The project is planning to run 7 mines that are rich in gold, silver, zinc, and other precious metals. They already have an active mine. They have a project called the Vereda Guayaquil Mining project in the State of Caldas, Colombia.
The project is based on gold exploitation, which will create wealth while using responsible mining methods to protect the environment. The project will create over 600 jobs directly over the next three years. Besides that, it will employ over 1000 people indirectly.
Sustainability[edit | edit source]
This project is committed to environmental protection. As a result, they work with standards that ensure mine protection. They do their best to ensure that they do not contaminate the environment, causing poverty for the community where the exploration takes place.
Token Sale Details[edit | edit source]
- Symbol: INX
- Total Supply: 300 Million INX
- Price: 1 INX = $0.50
- Soft Cap: $10,000,000
- Hard Cap: $52,500,000
- Accepted: BTC, DASH, ETC, USDT, XRP, BCH, ETH, LTC
- Whitelist: Yes
- KYC: Yes
INX Distribution[edit | edit source]
- 20% – InnovaMinex Departments such as partners, advisors, and outsourcing firms. These coins will remain blocked for 20 months.
- 10% – Development and Marketing
- 70% – Sale
Phases Of The Sale[edit | edit source]
- Phase 1: Start on November 26, 2018, and last for two weeks
- Phase 2: Start of December 10, 2018, and last for two weeks
- Phase 3: Start on December 24, 2018, and last for two weeks
- Phase 4: Start on January 7, 2019, and last for two weeks
- Final Phase: Start on January 22, 2019, and last for two weeks