Developing a robust tokenomics model is essential for the successful launch of a token associated with Cunningham Mining. Tokenomics refers to the economic model governing the issuance, distribution, and utilization of tokens within a specific ecosystem. Given Cunningham Mining's context in the mineral resources and energy sector, here's a tokenomics plan for the project.
Tokenomics: Those who purchase the Token, earn a right to buy Gold from production at production rate in future
Formula: (Gold product cost) - (Market price) = Profit margin
Token Name: | Nugget Trap Gold Token (NGT Tokens) |
Token Standard | ERC-20 (or suitable standard for your blockchain platform) |
Circulating Supply: | 1 Billion |
Treasury: | 4 Billion |
Issuance for the offering | 100,000,000 NGT Token (One Hundred Million NGT) |
Price of each Digital Token Unit | $0.60 USD |
Registration Platform for users: | OriginatorX Issuing Platform |
Wallets: | Metamask Wallet, Smartpay Wallet |
Acceptable forms of Payments: | Wire, ETH, BTC |
Tokenomics:
The value of the token may have multiple value markers that investors will identify with. It represents the gold value in discovery and it represents distribution of funds from Gold Extraction to Gold Sales.
The company may trigger a listing on multiple crypto exchanges on accomplishing the target of $60Million raise.
Allocation of Tokens:
Reservation for Compensations of Supply | 5% |
Breakdown of Distribution of the Supply | % Breakdown |
Staff | 30% |
Marketing | 10% |
Advisors | 30% |
Possible Claim Acquisition | 30% |
Holding Period: Each will have a 6 month holding period.
Token Sale: 100 Million NGT Token
Use: Use: Funding mining operations, infrastructure development, equipment purchase, and operational expenses.
Price: Determined during the token sale event, considering market conditions and project needs.
Reserve Fund: 4 Billion Tokens
Use: Reserve Treasury for future opportunities to acquire Gold Claims, Proven Reserves, Production Mines, Gold supply, future development, and ecosystem growth.
Team and Advisors:
Vesting Period: 1-year vesting period. 15% becomes available after 4 months with a 1-year cliff on the remaining 85% to align the team's interests with long-term project success.
Community Development: TBD
Use: Marketing, community engagement, partnerships, and ecosystem expansion.
Bounty and Airdrop:
Use: Rewarding early supporters, community engagement campaigns, and awareness initiatives. The Chief Permitting Officer hereby issues this permit subject to the following conditions that the permittee must comply with
ApprovedActivities:
- Work Related Structures: 6 structures. (0.03 ha)
- Mining Areas: 3 areas, 25m W * 100m L (0.75 ha)
- Processing infrastructure: Coarse Tailings stockpiles, Trommel and Highbanker (0.015 ha)
- Test pits: 20 sites, 1.5m L * 1m W * 1.5m D each (0.01ha)
- New Access Construction: 1500m * 3m W (0.45ha)
- 1. ExistingAccessModification:1000mL*3mW(0.3ha)
- Other: Storage of up to 1600L of fuel in barrels.
- For a total disturbance area of 1.56ha
Activities not approved
- Fording of watercourses is not authorized.
- Suction Dredging and/or Enhanced Sniping are not authorized.
- Individual settling ponds must not be constructed greater than 2.5 m above grade or be capable of impounding greater than 30,000m3 volume.
DISCLAIMER:
The Nugget Trap Gold Tokenomics model is subject to change based on market conditions, regulatory requirements, and project needs. Token holders are encouraged to stay updated with project announcements for the latest information.
Please note that the above Tokenomics model is a general framework and should be tailored to meet the specific needs and goals of Cunningham Mining.