InnovaMinex has a business model that uses blockchain technology to ensure the traceability of precious metals. Users of the InnovaMinex platform will be able to trace the entire business process, from when the precious metals leave the mines to commercialization. Members can buy gold and other precious metal products at the InnovaMinex stores (e-commerce and ATM’s), as well as, in participant stores. Buyers will be able to verify the origin of the precious metals they acquire, that will allow them to be confident in their legality.
The InnovaMinex (INX) is a utility token is the platform native token. As a utility token, INX will serve the users as a medium to exchange value as well as to grant access to discounts and other premium features when using InnovaMinex.
InnovaMinex ICO will begin on November 26, 2018. The ICO token supply represents 70% of the total token supply, so there is a total of 210,000,000 INX tokens available, for 0.5 USD each. The ICO funding target is 10,000,000 USD, the funding cap is 52,500,000 USD and is expected to end on December 12, 2018 or when the funding cap is reached. Any unsold/remaining tokens will be unblocked and placed in the market.
Token Reserve Split (30%):
InnovaMinex ICO features a bounty campaign as well as the following bonus structure.