the technology behind the idea

what is tokenization

Tokenization is the process of creating digital tokens on a blockchain that represent ownership in a physical asset, such as mining resources, production output, or equity in a mining company. These tokens can be bought, sold, and traded on blockchain-based platforms

How it is implemented


  1. Ore Reserve Token has specified mining asset to be tokenized, which could be mineral reserves, mining equipment, future production, or shares in a mining company. Conduct a thorough valuation of the asset to determine its worth as this will form the basis for issuing tokens

  2. Ore Reserve Token is developed on the Ethereum Network running on the ERC-20 rules and contracts. These contracts detail the ownership rights, dividend distribution, and other relevant information

  3. By tokenizing mining assets, investors can trade tokens on secondary markets, providing liquidity to an otherwise illiquid asset class. This enables investors to quickly enter and exit positions.Tokenization allows for fractional ownership, making it possible for a broader range of investors to participate with smaller amounts of capital. This democratizes investment in mining assets, traditionally reserved for large investors