InnovaMinex is Using the Blockchain to Deliver Traceability to Precious Metals

< img width="696"height =" 348 "class ="entry-thumb"src =""srcset =" 696w, 150w, 300w, 768w, 840w, 1000w"sizes =" (max-width: 696px) 100vw, 696px"alt =" "title ="InnovaMinex"/ > A brand-new organisation design that utilizes the blockchain is providing traceability to rare-earth elements. Despite the fact that rare-earth elements such as gold and silver are limited, they are likewise extremely liquid. Not just do they have monetary worth, however they have psychological and cultural worth too. According to the World Gold Council, given that the 1970s, the volumn of gold produced each year has actually tripled, while the quantity acquired annual has actually quadrupled.

While it’s easy to buy a gold or silver piece of jewellery, how can a purchaser be sure of what they are purchasing and where it comes from?

Get in InnovaMinex, a mining platform that utilizes the blockchain to ensure the traceability of rare-earth elements.

Discussing the innovation, Fernando Garcia Sanz, CEO of InnovaMinex, stated: “Blockchain innovation is the innovation of the future, which enables us to broaden the limits of company in its normal sense. It can be utilized in numerous fields, consisting of the mining market.”

He included that the group chose to utilize the blockchain since it can “accredit the whole procedure of mining– from gold’s origin in the mines to the end customer.” According to the platform’s whitepaper, through using the innovation, purchasers can validate the origin of the metal they have actually purchased, guaranteeing that the extraction is legal, that the environment has actually been safeguarded, which the rare-earth element hasn’t been utilized in loan laundering.

Far, the platform has 7 mining jobs: GUAYAQUIL, VIZCAYA, BOLÍVAR 2, ANTIOQUIA 3, MINEX 7, MINEX 12 and TOLIMA. The GUAYAQUIL plant is currently in the building and assembly phase, according to the group, and gold ore is being gathered for more processing and cleaning. The whitepaper specifies that the start of operations will occur in the very first months of 2019. TOLIMA will be the last to start, with a start year of 2022, with the processing of minerals.

The primary objective of the job is to make gold and other rare-earth elements more available to individuals. It intends to attain this through its INX cryptocurrency, which will lower the expense to end clients, while guaranteeing the security and openness of all deals.

“Our task will have the ability to supply a steady cryptocurrency, offering individuals the chance to benefit from its non-linear, however strong relationship with gold,” stated Sanz. “INX tokens might bring advantages to holders even if the cost of gold declines.”

The group include that the INX token will provide tokenholders the right to purchase gold and gold items 25 percent less expensive than the marketplace rate. As need for gold grows each year, so too will require for INX. Not just that, however token holders who keep their INX tokens in a cold wallet for 3 months will be qualified to get part of the 25 percent of InnovaMinex earnings quarterly in the kind of discount rate coupons. These coupons can be redeemed while buying gold and products made from rare-earth elements, according to the platform. They can be uesd to pay up to 90 percent of the worth of the items.

Significantly, in spite of the bearish market of 2018, InnovaMinex has actually raised $2.1 million in the very first phase of its ICO, which closed the 9th of December. The 2nd phase of its ICO is presently continuous and will end on the 23rd of December. The 3rd phase will start on the 24th of December, ending the 6th of January, 2019. The last and 4th phase will start on the 7th of January and will end up on the 20th January.

In order to utilize this possibility simply sign up here Attempt your luck and get up to 15, 000 USD in INX tokens, with the possibility to win much more rewards.