InnovaMinex - The 1st Blockchain for Precious Metals Mining

The InnovaMinex is an innovative project in the field of metals and mining which uses its proprietary blockchain technology to ensure the traceability of precious metals, thereby, certifying the entire process i.e. from its mining origin, refinery till commercialization to the final client. This will allow customers to verify the origin of the metal they have purchased while ensuring that the extraction process was executed under legal norms and considering environmental protection rules and procedures.
The Company is registered in Estonia.

BUSINESS DIVISIONS


The InnovaMinex project has primarily 4 business divisions: -
  1. Mining - The company possess mining rights to 7 mining projects, with an initial duration of 30 years with renewable rights for another 30 years. All the mines are located in the Republic of Columbia.
  2. Refining - The company's refinery will be strategically located 10 minutes from José María Córdova Airport, in the free-zone of the municipality of Rionegro, Eastern Antioquia, Republic of Colombia. The refining activities will be associated with gold, silver, platinum and other non-ferrous metals.
  3. e-commerce - INX's e-commerce segment will be dedicated in bringing refined products to customers. This business section will mainly be involved in the development of market actions, sales, customer service, portfolio management, logistics management and any commercial event or information exchange through the internet.
    Through this segment, the company will offer coins and ingots of various denominations (1g, 2g, 5g and even 1ozt) to customers.
  4. ATMs - The company will design and build ATMs for purchase and sale of cryptocurrencies, including INX.
    Apart from cryptocurrencies, gold coins will also be offered for customers and later be delivered to their address.
The company has estimated its gross margin on sales to be around $ 3 billion from 2018-2023 from its business operations.

BLOCKCHAIN SPECIFICATIONS


InnovaMinex will use its own blockchain technology through a 100% decentralized token "INX" deployed on its platform with 6 security algorithms.
Some of the specifications of INX blockchain is as follows: -
A. Max block size = 1,000,000 bytes
B. Block time = 2 minutes
C. Max transaction in one block = 100
D. Minimum transaction fee per transaction = 0.0001
E. PoS reward per year = 1%
F. Transaction per second = 10.00

ICO REVIEWS


The InnovaMinex project has received extraordinary ratings from reputed ICO tracking websites.

ICO DETAILS

INX Tokens will be the utility token used on the InnovaMinex ecosystem. The InnovaMinex platform will be hosted on the INX' Proprietary Blockchain Network (INX Thunder Network (TTX)).
  1. Symbol - INX
  2. No. of Tokens Available for Sale - 210 million INX (65% distributed in ICO)
  3. Soft Cap - $10 million
  4. Hard Cap - $ 52.5 million
  5. Payment Method - BTC, XRP, ETH, BCH, LTC, DASH, ETC, USDT
  6. Token Standard - INX Blockchain, backed by (INX Thunder Network (TTX))
  7. Token Launch Price - 1 USD = 2 INX
  8. KYC and Whitelist Required - Yes
  9. Minimum Purchase - 1 INX
ICO Sales - Phase 1*
Start Date - 26th Nov '18 ||| End Date - 9th Dec '18
Bonus - 30% Discount
Token Sales Limit - up to 210 million INX
ICO Sales - Phase 2*
Start Date - 10th Dec '18 ||| End Date - 23rd Dec '18
Bonus - 24% Discount
Token Sales Limit - up to 210 million INX
ICO Sales - Phase 3*
Start Date - 24th Dec '18 ||| End Date - 6th Jan '19
Bonus - 16% Discount
Token Sales Limit - up to 210 million INX
ICO Sales - Phase 4*
Start Date - 7th Jan '19 ||| End Date - 20th Jan '19
Bonus - 10% Discount
Token Sales Limit - up to 210 million INX
ICO Sales - Final Phase*
Start Date - 22nd '19 ||| End Date - 26th Jan '19
Bonus - 0% Discount / No Bonus
Token Sales Limit - up to 210 million INX
[Note: - (*) Only if the 210 million INX have not been sold in previous phases]
INX tokens being the utility token on the InnovaMinex ecosystem helps customers in the following process of its ecosystem: -


1. Mines (Mining) - Clients using INX will be offered benefits and discounts
2. Refining - InnovaMinex being the 1st refiner to accept cryptocurrency for metal refining activities
3. e-commerce - INX will be the preferred currency on the InnovaMinex on-line store, while offering discounts and benefits
4. Exchange - INX will be traded in various exchanges for digital currency or fiat money
5. ATMs - INX can be purchased in PoS and ATMs hosted / deployed by InnovaMinex
6. Participant Stores - INX can be used for payments in major platforms and in small partner stores
INX Token Distribution and Innovaminex Project' Fund Distribution

INNOVAMINEX TEAM

The InnovaMinex project is conceptualized by a team of experts possessing wide range of professional experience in the fields of blockchain technology, product development, IT (including information technology management and software development) communications, innovation and business development, sales and corporate marketing, legal, etc.
The 'InnovaMinex' project is primarily led by Fernando García Sanz (CEO and Chief Architect) and Rafael Enríquez (Chief Innovation Officer). Fernando is the CEO of Minexcorp, a mining company associated with mining activities in the "Republic of Columbia".
For more information on the InnovaMinex team, please refer the following project website: -
https://innovaminex.com/en/inx [Experienced Team]

CONCLUSION


Thus, the InnovaMinex project is one of the most conceptualized projects aimed to bring the metals and mining' sector to blockchain and thereby revolutionizing the way through which customers' approach towards precious metals is changed by guarantying the traceability of precious metals through deployment of blockchain technology and applying transparency in the entire supply-chain.
For more information on the InnovaMinex project, please refer the following links: -

 Author:porrosh

Bitcointalk Profil:https://bitcointalk.org/index.php?action=profile;u=1154957

ETH Address:0xd9dAb605feF035659dfbd4238508988297AE4e51 

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