After the ICO, whenever gold, diamonds or other precious minerals enter secure bank storage, new tokens will be issued proportionally to the increased stock of precious metals and gems in our storage. No token will ever be issued after the ICO without backing from a non-digital precious asset.
One MagnumLink Ltd. token for gold (MLG), silver (MLS), platinum (MLPT) or palladium (MLPD) or one token for 0.01 carat of the smallest diamond gem with the lowest colour and purity index (MLD) would ensure that investors can trade their tokens on our platform and on other exchanges.
The investors who buy our tokens, unlike in the case of many derivatives, would have the option to receive real assets in exchange for their tokens. For instance, investors can get bars of gold or diamonds if they don’t want to store or trade their tokens.
The area we have license for has yielded positive results. There is availability of both non-placer and alluvial reserve of diamonds and gold along with other minerals.
The stage is enhanced exploration, measurement and development of mining plan while broadening licensed area.
The invested money will be allocated to three profitable revenue sources:
1. Finishing of the trading platform which charges fees to traders
2. Refining precious minerals and earning money from the operations
3. Geological exploration to increase the amounts of precious materials we will extract