MINERAL
Token Symbol
250,000,000
Tokens Minted
BLOCKCHAIN
Polymesh
What is MineralCoin?
MineralCoin is one of the first ever asset-backed decentralized investment coins targeting the field of mineral assets: precious and industrial. It is tokenized equity in MineralVest which is a SPV company investing in and financing attractive exploration and mining projects.
All MineralCoin tokens are secured by the mining and concession minerals and assets as Preferred Tokens.
Revenues earned through the mining, acquisitions, or sale of ore are paid to Token holders as dividends based on holder’s pro rata share, thereby creating a token which combines intrinsic value, appreciation, cash flow, and a trading value.
What is a Security Token?
Security tokens are widely considered as the future of finance. In fact, Robert Greifield, former Chairman & CEO of Nasdaq, believes that “in the next five years, 100% of the stocks and bonds trading on Wall Street WILL be tokenized.” The global listed trading volume of security tokens is expected to grow to $162.7 trillion by 2030.
In layman terms, security tokens are the intersection of digital assets (tokens) with traditional financial products. If cryptocurrencies like Bitcoin are considered “programmable money” then you can consider security tokens a version of “programmable ownership.” This means that ANY asset with ownership can and will be tokenized (public & private equities, debt, real estate, royalties, and other investment structures). Unlike most earlier cryptocurrencies, security tokens are digital assets designed from the ground up to adhere to existing federal securities regulations. Security tokens, therefore, are expected to bridge the gap between blockchain technology and traditional financial markets.
What is the difference between an STO and IPO?
STOs are issued on a blockchain, typically an immutable digital ledger, whereas Initial Public Offerings (IPO) issue shares of certificates on traditional markets to accredited investors, which is how capital is raised to fund projects and companies.
STOs are typically far more economical since there are high brokerage and investment banking fees commonly associated with IPOs. STOs also offer more direct access to the investment market, alleviating the need to incur exorbitant fees from middlemen, such as bankers and brokerages. Smart contracts, which is a digital contract behind the token, reduces the need for lawyers, again making STOs a more affordable solution. Moreover, STOs are available to trade on a 24/7 basis without any blackout periods and can be traded fractionally. Meaning many investors may not be able to afford a full stock of Tesla or Amazon, but they could buy and sell fractions of a share.
Liquidity Pool and Buybacks
MineralVest has the right to go into the market and buyback issued tokens using its profits on mining and operating revenue. Buybacks benefit investors by improving market liquidity with the goal of increasing value and price for each token and creating beneficial tax opportunities.
Put Option
MineralVest will offer a ‘put option’ in the actual MineralCoin token that will allow the token to be exchanged for a share of public stock equity in the company. This would occur if, for instance, the crypto markets around the world became irrelevant, took a deep dive, or anything adversely affected the value of the token. This is to ensure investors still hold value in the company if an Initial Public Offering (IPO) were to transpire.
Payouts and Dividends
As set forth herein, after a company that MineralVest took stake in from the sale of MineralCoin goes into operations, sells ore or concessions, or gets acquired by a larger mining company, resulting revenue will be distributed to MineralCoin token holders at a pro-rata share of the annual gross revenues. Dividends, when applicable, will be made on a quarterly basis in U.S. dollars, Bitcoin, Ether (ETH) or MineralCoin tokens, at the sole option of the toke holder.
All dividends paid in MineralCoin tokens shall be issued at market value.
There can be no guarantee that the Company will ever generate sufficient revenues to pay dividends. To claim dividend payouts, the user must hold tokens in their wallet address at the time of payout. Dividends can be claimed via the portal.