ORET

ORET

Created using Figma
Created using Figma

Last Update

Sep 17, 2018

One of the first cryptocurrencies backed by a Gold Mining Company. Paraguay Mineral Mining SA (PMMSA) has created the ORET Token to raise the necessary funds for the acquisition of the Land, Concessions and Machines for extraction and recovery of Gold. ORET Token is a unique project, that will give you the opportunity to invest in a company dedicated to the extraction and recovery of GOLD. 45% of the Net profits will be distributed among the Total Supply of ORET Tokens. Once Paraguay Mineral Mining SA is operational, all the gold mined by the company is sold in US Dollars. 45% of the Net Profit is converted into Ethereum. All ORET Token Holders will receive their dividend in Ethereum. A weekly Snapshot will be used to see which Wallet Addresses hold ORET Tokens.
ICO
Nov 1, 2018
Dec 1, 2018
0% completed
Raised funds - no Data
Goal 6 000 000 USD
Cap 6 000 000 USD
upcoming
  • 1 ORET
    =
    0.5 USD
Token Details
Ticker
ORET
Total supply
12,500,000
Token Distribution
• 96% of the total supply will be sold in the ICO stage.
• No Tokens will be distributed among our Team-Members, nor any person that is connected in any way to PMMSA.
• All funds raised from ORET Token sales will be invested in the PMMSA company
• 10% of the funds raised will be held as a safety net for any unexpected costs, or for initial operational expenses until the Main Processing Plant is fully operational.
• All excess ORET Tokens of Project One, Two or Three will be burned once the plant is fully operational and showing a profit.
• A total of 500,000 ORET Tokens will be used for Airdrop prior to the ICO stage, 4% of the total supply.
Accepted Currencies
ETHEREUM
Min Contribution
0.5 ETH
Company Details
Registered Company Name
Paraguay Mineral Mining S.A.
Registered Country
Paraguay
Company Founded
Sep 6, 2017
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
Categories
Platform

About ORET

Our goal is to create a cryptocurrency that will be entirely backed by a company dedicated to the extraction of precious minerals such as gold.

The company, Paraguay Mineral Mining S.A. (PMMSA) will distribute 45% of the net profits to all ORET Token holders. This distribution will be done on a weekly basis.

As a result of the geological exploration of the area, our experts have calculated that the average gold mineralization is 7.5 g of 999 alloy of Gold per ton of ore. The calculations show that our projected plant will give a net profit of 2,517,500 USD per month of which 1,132,875 USD which will equally distributed among the 12,500,000 ORET tokens. That is equivalent to 0.09 UDS per ORET per month.

THE PROBLEM

The locals in the gold rich area of Paso Yobai negotiated a deal with the company Latin American Minerals Inc. negotiated a hand over of 83.36 hectares that they have the mining rights to. This hand over included 850 meters (2788 feet) of the Paso Yobai gold trend that is defined by an 8,000-meter-long by 300-meter-wide (26246 feet x 984 feet) gold soil anomaly. The 850 meters by 300-meter area contains an average of 7.5 g/t of gold. The locals formed the, Asociación de Pequeños Mineros (Small Miners Association). The problem was that they had little to no experience in mining. Using makeshift Gold Recovery Plants, they only recovered about 30% of the gold. Around 70% of the gold ended up in their Tailings, but this Open Pit Mining was still economically viable to a depth of about 15 meters. As the Pit got deeper the costs of mining rose to a point that it was no longer profitable, so the land owners started to rent out (lease) the land to entrepreneurs. Some of the entrepreneurs brought in better Gold Recovery Plants and did well up to a depth of about 40 meters, but they too were losing, in some cases, up to 50% of the gold in Tailings. Their main problem was that most did not have people with gold recovery experience or mining experience or that they invested in the wrong types of Gold Recovery Systems for this area. Another big problem is that none of the mining operations did any forward planning for the roads inside the Pit. They made makeshift cranes with buckets to hoist out only the ore that contained a high concentration of gold. The rest of the ore was removed by excavator in a step by step manner. In many cases a very costly 8 to 9 step process. All this ore was discarded and not processed.

SOLUTION

We put together a great Team and formed a company, Paraguay Mineral Mining SA - (PMMSA). The team, among others, includes 2 people that have the knowledge needed to extract and recover the gold. Our CEO, Nicolaas Spangenberg, a South African, is a Gold Mine Manager with more than 8 years of experience. For more details about our Team Member, please read Board of Directors. Juan Villalba is specialized in the extraction and chemical recover of gold with 9 years of experience. We also have all the geological surveys and core drilling analysis of the land we want to acquire, and it shows that the area that we want to exploit is rich in gold. Also, our pilot plant and sampling has proven that the land is rich in gold.

Features

ICO ESTRUCTURE DESCRIPTION

After ICO completion, all funds raised will be used for financing PMMSA.

  • Paraguay Mineral Mining SA plans to raise between 2,500,000 USD to 6,000,000 USD in the ICO stage.

THE ICO PLAN IS AS FOLLOWS

  • 12,500,000 ORET tokens will be issued by the ETH blockchain, with no possibility for the creation of additional Tokens.
  • Our goal is to raise between $2,500,000 USD to $6,000,000 USD with $6,000,000 as the target.
  • The tokens can be purchased by investors using Ethereum.
  • The tokens will be sold through a smart contract based on Ethereum.
  • After the completion of the ICO, all funds will go to PMMSA (Paraguay Mineral Mining SA) for the administration and financing of the Company.
  • Paraguay Mineral Mining will obtain revenues from the mine situated in PASO YOBAI and will distribute 45% of the Net Profits among all the Token Holders on a weekly basis.

Technical Info

  • All the gold extracted by the company each week is sold in US dollars.
  • All expenses and taxes are paid.
  • The company converts 45% of the weekly Net Profits in Cryptocurrencies (Ethereum) for distribution among all ORET tokens holders.
  • In order for ORET Token holders to receive their profits, their ORETs must be stored in an ERC-20 compatible wallet that they have the private key to. Examples, (myetherwallet, metamask, etc.)
  • Holders will not receive payments for ORET Tokens that are on the exchange at the moment of the Weekly Snapshot.
  • Ethereum deposits will be made weekly to all ORET Token holders.
  • For the first year, 45% of the Net Profit of PMMSA will be distributed in Ethereum to all ORET Token holders. 96% 4% ICO AIRDROP.

ORET Roadmap

  • October 2017

  • IDEA
  • November 2017

  • COMPANY FORMATION
  • February 2018

  • EVALUATION OF LAND PROFIABILITY.
  • March 2018

  • ORET TOKEN PROYECT BEGINS:
    - ROAD MAP.
    - TOKEN DISTRIBUTION.
    - WHITEPAPER.
  • Read More
  • September 2018

  • PROMOTION FOR AIRDROP.
    AIRDROP.
  • November 2018

  • ORET TOKEN ICO.
  • December 2018

  • ORET TOKEN ICO END.
    - ANOUNCEMENT OF INTRODUCTION TO EXCHANGES.
  • January 2019

  • MAIN ACTIVITIES BEGIN:
    - ACQUISITION OF LAND AND MACHINERY FOR THE MAIN EXTRACTION PLANT.
    - START OF PRODUCTION WITH THE PILOT PLANT.
    (the land to be purchased already includes some trucks and a primary extraction plant that is ready to run.)
  • February 2018

  • FIRST PROFITS SENT TO THE INVESTORS WILL BE FROM THE PRIMARY EXTRACTION PLANT.
  • April 2019

  • ARRIVAL AND INSTALATION OF THE MAIN EXTRACTION PLANT
  • May 2019

  • LAUNCH OF THE EXCLUSIVE DASHBOARD.
    PRESENTATION OF THE MAIN EXTRACTION PLANT.
    THE MAIN EXTRACTION PLANT IS PUN IN OPERATION.
  • July 2019

  • START OF PROFIT DISTRIBUTION FROM THE MAIN EXTRACTION PLANT.
  • August 2019

  • STUDY AND TECHNICAL EVALUATION FOR THE EXPANSION OF THE COMPANY.
    ACQUISITION OF MORE HECTARES NEAR THE MINE TO INCREASE THE PRODUCTION OF THE COMPANY.
    EXPLORATION OF NEW AREAS RICH IN PRECIOUS MINERALS.
    STUDY THE VIABILITY FOR EXPANSION TO NEW AREAS IN THE COUNTRY.

Activity

Status:
Newbie
VERY LOW
Activity:
2
VERY LOW
Merit:
0
VERY LOW
Posts:
5
VERY LOW
Views:
66
VERY LOW
Posts:
39
VERY LOW
Followers:
4 042
MEDIUM
Likes:
3 973
MEDIUM
Followers:
3 334
MEDIUM
Tweets:
19
VERY LOW
Members:
3 843
MEDIUM
Alexa
Rank:
2 636 483
VERY LOW
Delta:
0
Year commits:
0
Watchers:
0
Stars:
0
Forks:
0
Open issues:
0
Videos:
6
LOW
Subscribers:
20
VERY LOW
Views:
441
VERY LOW
Likes:
29
VERY LOW
Dislikes:
0
VERY HIGH

Team

Verified 100%

Chief Executive Officer
verified
Chief Operating Officer
verified
Chief Financial Officer
verified
Chief Marketing Officer
verified
PR manager
verified
Designer
verified
Full-Stack Web Developer
verified
Logistics Manager.
verified
Marketing and RP Manager
verified

Former members

Juan Villalba

ORET Interviews

Nicolaas Spangenberg
As a team member, сan you tell us about your role in the ICO project?
I have been fully involved on all levels in this project. As the CEO of ORET, and Paraguay Mineral Mining S.A. I am glad to say that we have a great Team.
What do you think about idea?
What makes this project unique is that the Profits to be made with ORET does not mainly depend on the price of ORET in the Exchanges. The profit comes from the 45% that PMMSA pays to Token Holders.
Hugo Dominguez
As a team member, сan you tell us about your role in the ICO project?
I am the Chief Operating Officer of the project and Vice President of Paraguay Mineral Mining S.A.
In the ORET project I'm in charge of creative design, advertising, web development and solidity development with the help of other team members
What do you think about idea?
I think that ORET is a unique project that will provide people to invest in the gold mining business. A totally different project from the other ICOs.
Investment in a real business with great benefits.
Gricelda Arevalos
As a team member, сan you tell us about your role in the ICO project?
I'm the financial officer and advisor for the Oretoken project. I also contributed my work experience from previews jobs and I'm happy to be able to apply my knowledge to this great project.
What do you think about idea?
To me this is a very unique project that does not compare to any other one I've seen before, because of the fair share of its profits and the way the shareholders will be involve in the project.
Antonio Caballero
As a team member, сan you tell us about your role in the ICO project?
I'm a marketing director. In the ORET project, I am in charge of the advertising part in all the entities for the promotion of said project.
What do you think about idea?
This is a unique project, it was prepared meticulously by the members of this group, thinking broadly of our investors.
Juan Zorrilla
As a team member, сan you tell us about your role in the ICO project?
I'm the RP Manager of the team. In the ORET project, I'm in charge of marketing with the help of other co-workers.
What do you think about idea?
ORET is a well thought out and worked project that will allow its investors to grow as we do. For me it would be innovation in the market of cryptos.
Cristian Villalba
As a team member, сan you tell us about your role in the ICO project?
My role in the team is to create an audiovisual article to inform people about OREToken through a cartoon animation
What do you think about idea?
I think the idea of informing people through an animated article is good because they capture the information better
Alexis Carballo
As a team member, сan you tell us about your role in the ICO project?
I am one of the members in charge of programming the front-end and back-end of the main page of the project.
What do you think about idea?
If you plan to invest your money in a project this is the right one since you will be investing in a real company that works with an asset as solid as gold, so your earnings are guaranteed !!!.
Julian Gonzalez
As a team member, сan you tell us about your role in the ICO project?
I am Secretary of the company PMMSA. Responsible for logistics, machinery equipment, provision and assembly.
What do you think about idea?
It is a unique opportunity where the investor will be part of our company. This project will help us on a large scale in terms of mineral exploitation.
Nicolas Mercado
As a team member, сan you tell us about your role in the ICO project?
I'm RP Manager here in PMMSA. I work alongside the team to communicate and inform our investors about our goals and project.
What do you think about idea?
I think ORET token has the potential to open a new front for foreign investment here in Paraguay. It's a project that I will be fully backing.

Last News

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