Innovaminex Cryptocurrency in precious metal mines

INNOVAMINEX

INNOVAMINEX

Innovaminex It is an innovative business model that uses blockchain technology to guarantee the traceability of precious metals. By applying a set of procedures, it is possible to certify the whole process, from its origin in the mines, to the refinery and the commercialization to the end consumer. This commercialization is done through our e-commerce, partner stores and our own ATMs. This will allow buyers to verify the origin of the metal they have acquired, insuring that the extraction is legal, that the environment has been protected at all times, or that it cannot be used for money laundering, since all transactions are registered and the whole community has access to them. Our ultimate goal is making gold and other precious metals more accessible to all the people through our cryptocurrency, INX, obtaining the best possible price both for our clients and for our community, with emphasis being placed on the transparency and safety of our transactions.

Market and industry

• Precious metals as an investment 
• Gold: the most precious metal
  Key facts that investors should know: 
• Gold is a main asset driven by many factors, not just by investment demand. 
• Gold is one of the most effective diversifiers. 
• Gold provides competitive returns compared to other important financial assets. 
• Over time, fiduciary coins, including US dollars, tend to lose value compared to gold. 
• Silver: another precious metalFacts and data investors should consider: 
• Even though silver follows the movements of gold, it moves much faster. For every 1% variation in the price of gold, silver does so by 3%. 
• Silver is – together with gold – a safe investment, since throughout history it has always maintained its status as a precious metal. 
• It offers competitive returns, only behind gold.
• Gold ore Gold is one of the minerals most exploited since ancient times by humankind. The uniqueness of this material, its beauty and its ability to remain unchanged over time, has served to maintain its great value since the dawn of time.
  
  The price of gold
  Undoubtedly, gold is a precious commodity in the stock market. In fact, there have been times when price increased significantly, as occurred in the 1970s, a decade that began with a price of $ 35 per troy ounce which rose up to $ 850, i.e., over 2,300% in just 10 years.
• Silver Silver has been considered a precious metal for over 6,000 years. It was used for the first time as currency by the Greeks in about 700 B.C.
  
  The price of silver
  In the last fifty years, the price of silver has quadrupled, from just over $ 4 per ounce in the early 1970s, to almost $ 16.5 per ounce today; exceeding in two occasions the amount $ 35 per ounce.

Mining Project

So far we have 7 mining projects known internally as GUAYAQUIL, VIZCAYA, BOLÍVAR 2, ANTIOQUIA 3, MINEX 7, MINEX 12 and TOLIMA, which will begin to operate gradually. 

The GUAYAQUIL processing plant is already in the construction and assembly stage, and gold ore is being collected for further washing and processing. The start of operations will take place in the first months of 2019. The TOLIMA project will be the last one to begin, starting in 2022 with the processing of minerals.

Vereda Guayaquil gold deposit

Currently, MinexCorp is working on the Vereda Guayaquil project, in the municipality of Pensilvania, department of Caldas (Colombia). The importance of mining in this region is so that many international leading mining companies are settled here.

Therefore, with this project the corporation is called to be a wealth generator based on responsible mining (with the environment, citizens and all stakeholders involved in the project).

Why this mine?

Everyone knows that Colombia has gone through difficult years due to the presence of guerrillas and paramilitary groups on its territory. However, the recent peace agreement signed with the Government has opened the opportunity to recover mining areas that could not be exploited with guarantees since the 1960s (or even before), due to the presence of these groups outside the rule of law. With the signing of the peace process, these mining titles are now in optimal conditions for a large-scale exploitation.

Refinery

• Services and products
• SmeltingIt is carried out with induction equipment and gas treatment systems, achieving homogenous and clean alloys.
• AnalysisX-ray fluorescence (FRX). Using this technique the chemical composition of different metal alloys is determined. This process has become very relevant worldwide because it it is clean, fast and accurate. 
• RefiningOur company’s cutting-edge technology has developed specialized chemical processes - that follow strict international quality standards - that allows us to obtain precious metals of the highest purity.
• GranulationGranulated gold, silver and platinum are produced with feature sizes below 5 mm. This allows for a better handling and control of bulk quantities. 
• RemanufacturingUsing new metal or reusing crucibles or already worn elements, crucibles, saucers and other accessories are remanufactured, thus optimizing initial investments and reducing costs. 
• SeparationIt is a delicate process where the precious stones of new or discarded jewels are removed, making sure that the stones will remain in their original state of assembly.
• RecoveringThanks to the innovative processes performed in our refinery, this service helps to minimize the environmental impact of small and medium mining through the recovery of gold and silver from gravimetric concentrates. 
• CruciblesThese are made with pure platinum and alloyed with gold and other precious metals of the same group. We have a high range of references. And we also manufacture platinum accessories and tools.
• Threads & wiresThreads and wires are produced in platinum, silver and pure gold or in special alloys of different diameters. Straight and cut rods of different lengths are also manufactured.
• SaltsWe produce salts from gold, silver and platinum that are later transformed into raw materials for the jewelry, chemical, pharmaceutical, cosmetic, electronic and electroplating industries in general. 
• Cryptocurrency casts Our coin casts have a unique quality and variety of metals and alloys, and they can be manufactured according to the specifications of each cryptocurrency that we will design. We base ourselves on this in order to build the best international reputation.
• Purchasing and selling metals
• Purchase of metals We acquire gold, silver and platinum from legally constituted mining companies and small traders, which comply with the legal conditions required by the oversight bodies.
• Sale of metals We will sale gold, silver and platinum, both nationally and internationally, and always under the principles of transparency, quality and service. If the purchase of these metals is done with INX, our customers will have exclusive benefits, for example, a better price than if it is done with a fiat currency. 
• Our goalAfter some time refining gold with the highest quality guarantees, we are in the process of submitting a formal application to the LBMA (London Bullion Market Association) in order to become part of the Good Delivery List.

E-commerce

Strengths of electronic commerce:

• Creation of business opportunities and new ways of distributing products and services. 
• Unlimited access to customers in any geographical area. Opening of new markets and expansion within them. 
• Increased competitiveness and quality of service. 
• Rapid response to needs and shorter or non-existent delivery chains, which can in turn lead to a final price reduction. 
• Better control of clients and orders. 

ATMs

ATMs will be designed and manufactured for the purchase and sale of cryptocurrencies, including INX.

Software
The software that will be created for ATMs will also be used to create modules, extensions and plug-ins that will be used as payment method in online stores as well as in physical sale points usi. They will use INX and bitcoin - among other cryptocurrencies - as a means of payment, thus providing a high added value to our project.
These ATMs are equipped with a double-track bills recycler that will allow users to obtain cryptocurrencies in exchange for their fiat money and to exchange their cryptocurrencies for regular bills. This recycler will accept and dispense banknotes of the world’s main currencies.
Business profitability is based on the commercial margins applied to the purchasing and selling prices of the different cryptocurrencies.


Gross margin of projects
The generation of resources starts with the extraction of minerals from our mines and their purchase from other external mines, as well as their subsequent refining and commercialization, providing us with an estimate of the following financial data in the next five years.

INX Token

InnovaMinex has created a 100% decentralized cryptocurrency stemming from a technologically thriving concept, and an experienced team that actively contributes to the development of the currency. These two factors are already attracting many users around the world.

• Type: Utility Token. 
• Symbol: INX.• Decimals: 6 (0.000001 INX). 
• Volume: 300 million INX. 
• Price: $ 0,50 = 1 INX. 
• Technology: Own blockchain. 
• Soft Cap: The amount in cryptocurrencies is equivalent to $ 10,000,000. 
• Hard Cap: The amount in cryptocurrencies is equivalent to $ 52,500,000. 
• Min. Personal Purchase: 1 INX. 
• Max. Personal Purchase: No limit. 
• Accepted cryptocurrencies: BTC, BCH, ETH, LTC, DASH, ETC, USDT, XRP. 
• Whitelist: Yes, starting from Nov/26/2018. · Know Your Customer (KYC): Yes.

Distribution will be as follows: 20% InnovaMinex project: 60 million coins will go to the project, distributed among marketing and legal departments and partners. 10% Development: 30 million coins will go to the project developer team, from the initial phases to the completion of the sale. This team includes advisors and external companies that have bet on our project. 70% Sale: 210 million coins will be allocated to the initial offer. The total emission of INX will be 300,000,000. A minimum amount of new INX will be generated due to Proof of Stake (PoS) rewards. All unsold INX will be blocked until January 26th, 2020 (1 year after the end of the sale of INX).

1. Phase 1Duration: 2 weeks.
   Beginning: Nov. 26th, 2018.
   Limit: Up to 210 million INX.
   Bonus: 30% discount.
2. Phase 2Duration: 2 weeks.
   Beginning: Dic. 10th, 2018.
   Limit: Up to 210 million INX.
   Bonus: 24% discount.
3. Phase 3Duration: 2 weeks.
   Beginning: Dic. 24th, 2018.
   Limit: Up to 210 million INX.
   Bonus: 16% discount.
4. Phase 4Duration: 2 weeks.
   Beginning: Jan. 7th, 2019.
   Limit: Up to 210 million INX.
   Bonus: 10% discount.
5. Final PhaseDuration: 5 days.
   Beginning: Jan. 22nd , 2019.
   Limit: Up to 210 million INX. 

Official Video

ICO Review

More info, viit :
Website : https://innovaminex.com/en/inx
Whitepaper : https://innovaminex.com/docs/whitepaper-en.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=5040040.0
Facebook : https://www.facebook.com/Innovaminex/?ref=bookmarks
Twitter : https://twitter.com/innovaminex
Telegram : https://t.me/InnovaMinex

Author : Anzal RK
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