CoalCoin ICO and Token Sale Review
CoalCoin is a token based on a company project which is a world first for the blockchain. The token will be issued in support of a strip mining project which aims to develop an advanced infrastructure to allow for the mining of non-metallic materials. The process of strip mining is usually associated with the extraction of coal from a mining site, hence the name.
Project Outline and Objectives
Coal and other mineral mining is still some of the most lucrative in the world. As we continue to use more and more energy on a daily basis, these resources become even more valuable. The price of CoalCoin will be connected to the price per ton of coal and to the $USD to provide a measure of stability to investors.
The projects aim is to develop a strip mining location and add the infrastructure required to begin mineral extraction from this first site with more sites to be developed as the project expands in the future. Investors can be assured of a solid return on their investment from a real and quantifiable resource in an industry which has thrived for hundreds of years.
Through tokenization of the asset, the platform is innovatively bringing it into the new age and giving investors the opportunity to become involved intrinsically with the process and development. All the while, the token will also be launched for trading and investors can be further assured thanks to the transparency offered on the blockchain which is not found in traditional industry.
- Start Date2018-09-03
- End Date2018-09-30
- Payment MethodBTCETHLTC
- Total Supply1050000
Rates & Bonuses
- ICO: 20% 1 week, 10% 2 weeks, 5% 3 weeks
- Pre-ICO: 50% 1-3 weeks, 45% 4 weeks, 37% 5 weeks, 30% 6 weeks