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#Blockchain, #Mining All projects

OREToken: Gold mining mining and blockchain technology

A unique opportunity to invest in a gold mining company that will distribute 45% of its Net Profits among all ORET Token holders

stage Ended crowdsale

KPLs

  • Employees10

Team

10
man Nicolaas Spangenberg

Chief Executive Officer

Co-founder and CEO for over 15 years of the former Industria Maderera SA, one of the biggest wood flooring manufactures and exporters in Paraguay.
Co-founder and COO for 4 years of an import and distribution company, MAR in Spain.
Co-Founder and COO for 3 years of an import and distribution company, in Holland.
Co-founder of Mediterranean Wood Agency in Spain.
Co-founder of Barrio Cerrado Las Palmeras in Paraguay.
Co-founder of Copeland Flooring in USA.
8 years of experience in gold mine management.
Co-founder and CEO of Paraguay Mineral Mining SA.

man Hugo Dominguez

Chief Operating Officer

Co-founder, Creative design & advertising
Web developer
Bounty Management
Cryptographer
Solidity developer

man Gricelda Arevalos

Chief Financial Officer

Manager of exports and in charge of overseas companies and foreign outlets for Industrial Maderera Copeland SA for 11 years.
Co-founder and acting Director for over years 5 years of MEHAN SA, a property development company in Paraguay.
Legal advisor

man Antonio Caballero

Chief Marketing Officer

Community Manager
Digital Marketing Specialist

man Juan Zorrilla

PR manager

Customer Service
Communication
PR Representative




Crowdsale details

Distribution of tokens
  • Crowdsale (96%)
  • Airdrop (4%)
Details Indicators
Token Symbol ORET
Full Token Name ORET Token
Crowdsale Start November 1st, 00:00 GMT+03:00
Crowdsale End Hard cap is reached or December 1st, 00:00 GMT+03:00
Crowdsale Hard Cap Fixed, $6000000
Crowdsale Soft Cap Yes, $2500000
Incorporation Details Barrio Cerrado Las Palmeras, Office Nº 3. Ruta 7. Km 175 Caaguazu. Paraguay. South America.
Domain owner Individual

Cost of the token

1 token for 0.5 $

Price without discounts

Bonuses

Minimum purchase: 50 USD


Accepted currency

  • Ethereum


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FAQ

FAQ

What is ORET?

Oret Token, a kickstarter coin based on ERC-20. It the means for PMMSA to raise the capital necessary to buy the gold rich land plus acquire all the necessary equipment for our gold processing plant.

Who is PMMSA?

Paraguay Mineral Mining is a Paraguayan company dedicated to the extraction of Gold, located in the center of the eastern region of the country, in the town of Paso Yobai.

Are there areas rich in GOLD in the City of Paso Yobai? Is it really profitable to invest in this project?

The APM (Asociacion de Pequeños Mineros) property covers a total of 83.37 hectares, comprising exploration concessions covering 83.37 hectares. APM own 100% of the exploration concessions which cover 850 meters of the gold trend and is fully licensed for extraction.
The first Exploration Concession owners completed an extensive exploration program and has significantly enhanced the value of the property by diamond drilling returning up to 26.6 g/tonne of gold over 6.5 meters and by outlining a possible mineral deposit containing between 61,250 and 157,500 tonnes averaging between 4 g/tonne and 7 g/tonne gold in an Open Pit Mine. Tunneling to a depth of 150 meter will add 1,322,000 tonnes averaging between 5.5 g/tonne to 8.0 g/tonne.
With the implementation of the tunnel system 150 meters deep in the mine, the amount of ore to be processed increases to 1,323,000 tons.
The average gold concentration in the area is 7.5 g / t multiplied by 1,323,000 tons of ore = 9,922,500 grams of gold equivalent to 319,051 ounces. A total of 398,814,308 USD (according to the current price of gold per ounce) is the calculated value of the GOLD PROJECT IN PASO YOBAI.
PMMSA shares 45% of net profit with the ORET Tokens, equivalent to the calculated value of the PROJECT: 179,466,438 USD
This gives a value of 14.35 USD for each Token ORET
179,466,438 USD divided by the total amount of ORET in circulation (12,500,000 ORET): 14.35 USD
2,870% of the initial value of the ORET in the ICO stage, which was 0.50 USD

What are ORET tokens?

The ORET tokens is the equivalent of having shares in the PMMSA Company. ORET gives the Holder the right to their share of 45% of the monthly net profit directly related to the extraction of GOLD. (The example on monthly earnings is completely explained with exact numbers on our main page https://www.oretoken.net).

When and how will I receive my share of the 45% Net Profits?

Each investor will receive their profits weekly.
PMMSA. will convert 45% of its monthly Net Profit into ETH to distribute then equally to each Token Holder.
After launching the gold extraction plant in Paso Yobai , which is the main objective of this ICO, all the gold mined by the company is sold in US Dollars and all operational expenses are deducted. PMMSA converts 45% of net profit into cryptocurrency, ETH (Ethereum), This 45% is distributed equally among the total supply of ORET Tokens.

How many total ORET tokens will be created and how will they be distributed?

12,500,000 ORET Tokens will be created and then distribution as follows:
4% of the total supply will be used for Airdrop to promote the project.
96% of the total supply will be sold in the ICO stage.
None of the members of the team will receive ORET Tokens and the total amount of US dollars collected will be invested in full in the Project.

What is the cost of 1 ORET Token? What is the minimum, maximum purchase?

The price of each ORET Token will be 0.50 US cents quoted in ETH.
This price will be maintained from the beginning to the end of the ICO stage.
The minimun purchase is 50 USD
The maximun purchase is 150,000 USD
The reason for the limit in maximum purchase is explained in our main page, whitepaper.

What currencies are eligible for participating in the Token Sale Event?

Investors can buy ORET Tokens using Ethereum.

Can I send ETH from exchange sites such as Bittrex, Binance, etc?

No. You can not send ETH from an exchange. You can only send ETH from your Wallet.

Help! I have paid from an exchange or need to change my ORET receiving address.

If you have sent your payment from an exchange you will have to contact us at:
[email protected]

How can I get my own ETH wallet?

Here is a guide to setting up an ERC20 capable wallet
https://medium.com/swlh/ico-help-how-to-create-your-ethereum-wallet-4a78c1ef9022

What is an ERC-20 Wallet?

An ERC20 wallet is an Ethereum wallet that is capable of accepting ERC20 standard tokens (ERC20 is the standard for Ethereum based tokens).

How do I ensure my wallet is ERC20 capable?

Firstly the wallet must be an Ethereum wallet, and secondly, you should hold the private keys for the wallet. Most Ethereum wallets that you hold the keys for will be capable of accepting ERC20 tokens - one of the exception to this, is the Jaxx wallet.

Where will my ORET tokens be sent?

The moment you buy ORET tokens you will be asked to provide your ERC-20 compatible wallet address. It is extremely important that you do not provide an exchange address (Bittrex, Binance or Luno etc) when asked, as this will likely result in you losing your ORET tokens.

When will I receive my ORET tokens?

The ORET tokens will be distributed automatically and sent to each ETH wallet participating in the ICO stage, on the same day of purchase. This usually takes a few days or at most a week, depending on the congestion of the ETHEREUM network.

What is an airdrop and how will the ORET Token airdrop be?

An airdrop is a distribution of a cryptocurrency, token or coin, usually for free, to a large number of wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins.
The ORET team will make an Airdrop of 500,000 ORET Tokens to all users who join their community. Join us, register on our website and complete the following steps before October 25, to receive 25 ORET Tokens directly in your ETH wallet.
The Airdrop will be held until October 25, or until 500,000 ORET Tokens are used up.
Each participant of the ORET airdrop, will receive your tokens 2 weeks after your registration in our page.
Click on the link and complete the following requirements to obtain your ORET Tokens https://www.oretoken.net/airdrop

When I can sell my ORET tokens on the Exchange?

You can sell your ORET Token 20 days after the ICO stage ends, and once ORET listed on the exchanges. If your Tokens are on an Exchange at the time of our weekly Snapshot, you will not receive that weeks share for the profits. You can only receive your profits if you have stored your ORET in a compatible ERC-20 wallet.

Why is it important to keep my ORET tokens in my ERC-20 wallet?

If your Tokens are on an Exchange at the time of our weekly Snapshot, you will not receive that weeks share for the profits. The reson for this is that you can only receive your profits in your own Wallet. Profits can not be sent to an Exchange!

What is a Snapshot and when does it happen?

A Snapshot is a record taken of the Blockchain. In our case, a record of all the Eethereum Addresses that have stored ORET tokens. This information is the used to distribute the weekly profits.
The Snapshot will happen every weekend, and the profits will be distributed the following week.

What is a pilot plant or initial procesing plant?

The Pilot Plant is a scaled down version of the Main Procesing Plant. It has the capacity of 2.5% of the Main Processing Plant.
The Pilot Plant will start generating profits 45 days after the ICO ends.
This Pilotl Plant will be in operation until the arrival and installation of the Main Processing Plant.

How long will it take for the Main Processing Plant to be full operation?

6 months after the end of the ICO, the Main Processing Plant will be up and running at full capacity.


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