What is Goldenugget?
Our history tells about an industrial educated family business with many years of experience in the field of heavy machinery plants – Ceramic production – and our knowledge will now be put into the design and production of a new eco-friendly way of extracting the precious metal from the ground. The gold which will be mined, purchasable only via our GNTO Token on Goldenugget’s platform, will be mined in our properties in Western Africa where we are present since over 10 years. That is the big difference between us and 99% of those “Gold guaranteed” projects on the Blockchain.
Afro Splendid Minerals Co. Ltd., is Ghanian registered company 100% owned by GoldeNugget’s founder, and was founded in 2011 as a mining and heavy earth moving machines rental company.
Africa is one of the fastest growing emerging markets in the world. We are passionate about the growth and development of this great continent which has so much to offer. Our goal is to help fuel this growth and drive Africa forward by cooperating at our best in sustainable mining projects.
GoldeNugget is an existing reality, with over 3,000,000.00 Euro’s already invested in West Africa for earth moving machines for the gold industry. Where you can really feel the dust, the noise, and the smell of business. Where people really have an objective, where people really see actual results in their hands at the end of the day. Call it “Old Economy”, however this business was once the actual value of money, the same money that still today allows you to purchase bread. So why not unite an old dirty but real business with new innovative industry such as Crypto in Switzerland where purchaser can rely on a predictable legal framework..
How does it work?
THE GNTO ON THE ETHEREUM BLOCKCHAIN
GNTO is GoldeNugget’s 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 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.