{"title": "ALTERNUN", "logoImg": "bafkreih6dpvmvqyzsm6yv3nojgtmy3wjuhfhkaovy2eevsmvma7ljgro7q", "website": "https://alternun.io", "bannerImg": "bafkreifjuqod6ia5kaqkh3ah72xwvsn3embu2ujjqruvmhjgnxhba2aldu", "createdAt": 1691790186161, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..xdv-FXNVzYygz4z-Ofi1qsgUmtSKdgcZ1HHBqK8mgRi0Xe-kVBGjfoa_iCA5Ohe07qK920SjKiYCtxjPTvVDAA", "type": "Ed25519Signature2018", "created": "2023-08-11T21:42:01.826Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-11T21:42:01.826Z", "expirationDate": "2023-11-09T21:42:01.826Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x3f4224e134EAdB9EAD94490D50Ac3a34E897C4eD", "hash": "v0.0.0:1nDt9C1tjB/9zbobwiSVkXtKqxFYckiTdnD+YAGwyRo=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Alternun_io"}}}, "description": "# ALTERNUN Gold Backed tokens (GBT)\n\n## Understanding the Problems\n\n### Extractive Model of Gold and Its Consequences\n\nCurrently, 90% of extracted gold is used primarily as a store of value. However, this extraction process carries a significant carbon footprint, including the use of explosives, high consumption of fossil fuels during extraction, energy-intensive smelting, and emissions from refineries. Additionally, it involves transportation by plane or helicopter to storage sites, as well as aerial and heavy vehicle transportation to vaults, which continue to consume significant levels of energy to maintain the security scheme, among other factors. Long-term environmental damage cannot be overlooked, such as river pollution, indiscriminate deforestation, loss of vegetation cover, alterations in the water table, and the migration or death of animals.\n\nSome of these damages have large-scale consequences, such as global warming and droughts—all in the name of preserving its value. However, the problem does not end there. Due to the temporary nature of mining activities, long-term employment is not guaranteed as it depends on the existing reserves at the site. This lack of stability in the region leads to long-term social deficiencies, particularly in areas with high mineral wealth but little development. This creates a situation where investment in a town or region may not be sustainable over the long term, especially in developing countries that contribute a significant percentage of the world’s gold production volume. This exemplifies a win-lose economic relationship, where, considering the problems derived from the process, it could also be viewed as a lose-lose situation.\n\n![Value destruction of extractive model](https://i.postimg.cc/SRM9Htv9/Extractive-ENG-CHARTs.png)  \n![Conventions of extractive mining](https://i.postimg.cc/mgGqg3r4/Conventions-Extractive-ENG-CHARTs.png)\n\n> #### *\"We have been destroying our nature to take the gold out from its natural vault, smelt it and save it in a place where nobody will see it again\"*\n\n## What Do We Propose?\n\n**ALTERNUN** proposes a disruptive change by capturing the value of gold mining reserves through “Digital Gold Mining” in liquidity pools. This innovative strategy not only offers investors a safe haven as a store of value but also provides them with the opportunity to generate profits by executing projects while making fully decentralized decisions. This change reverses the negative dynamics associated with traditional mining, allowing for long-term value generation and delivering environmental benefits, social development, and economic diversification. It also contributes to building a strong connection to the territory.\n\n### Liquidity Allocation\n\n![Allocation](https://i.postimg.cc/vB8hJcTW/CHART-ALiquidity-Pool.png)\n\n| Entity               | Allocation (%) | Motivation                                                              |\n|----------------------|----------------|-------------------------------------------------------------------------|\n| Miner                | 8              | Becomes a curator, protecting the reserves underground.                 |\n| Nation               | 2              | Offers a clear solution to the conflict of interest; now the nation can collect taxes while protecting the environment. |\n| Exploration          | 5              | Continues exploration to increase certainty and, if possible, reserves. |\n| Community/Marketing  | 2.5            | Reserved for community token holders to swap ATN with GBT and promote projects. |\n| Projects Feasibility | 2.5            | Funds feasibility studies before committing liquidity, managing project risks. |\n| Recovery Pool        | 30             | Provides liquidity for extraction if necessary, also buys gold produced in exploration to strengthen reserves. |\n| Projects             | 50             | Funds regenerative projects; 80% of profits shared with GBT holders.      |\n\n**Learn more about the community and rewards token [Here](https://hackmd.io/@sgomezp/HJy7mkovR).**\n\n## Liquidity Management & Profit Distribution\n\nWe have designed a clear way to manage liquidity, including a decentralized approach for decision-making regarding the investment and future of the gold mine reserves.\n\nEighty percent of the resources are controlled by the DAO, where holders participate in electing projects. A staking process allows users to decide if they want to transfer their liquidity to a project. Even if the DAO approves a project, each user retains the freedom to opt in or out—ensuring that personal risk preferences are respected.\n\nEvery time a project proposal is accepted, **ALTERNUN** conducts a detailed feasibility study using the reserved resources. The results are shared with the community, and if the project is deemed feasible, the company will start the construction, operation, or management of the fund according to the decision.\n\n> #### *From 100% of project profits, 15% is allocated directly to the liquidity pool to further strengthen the reserve. The remaining 85% is then re-based as the full profit pool, from which 20% is allocated to Alternun for project management, and 80% is distributed to token holders. This revised distribution creates a robust, virtuous cycle—fueling further investments and rewards throughout the ecosystem.*\n\n## How Digital Gold Mining Looks in the Long Run\n\nThanks to the regenerative approach created by the liquidity pool allocation, long-term results reveal that it is possible to create an infinite business model. Here, the liquidity pool continues supporting the development of impact projects that, in turn, regenerate the environment and develop communities.\n\n![Digital gold mining model](https://i.postimg.cc/rs3X94dK/Digital-ENG-CHARTs.png)  \n![Conventions digital gold mining](https://i.postimg.cc/pT1f3CgH/Conventions-Digital-ENG-CHARTs.png)\n\n## Process Required to Create a Digital Gold Mine\n\nTo establish a digital gold mining operation, several key steps must be completed to maximize trust among all stakeholders:\n\n1. **A Legal Mine:** Ensure that the mine included in the process is fully licensed to operate.\n2. **Exploration:** Gather valuable information about the mining methods and the potential amount of gold available.\n3. **NI43-101 Report:** Have a qualified person (QP) produce an NI43-101 report evaluating all mine data—from licensing to exploration findings—to build confidence among potential holders.\n4. **Tokenization:** Based on the report, decide the number of tokens to be issued, following rules tied to resource certainty and market selling costs.\n5. **Liquidity Pool:** Establish the liquidity pool as described above, decentralizing and managing the resources according to the project’s ethos.\n\n## Relationship Between GBTs and Unmined Gold Resources\n\nGold resources underground are categorized based on certainty levels rated by the QP and expressed in the NI43-101 report. These resources provide collateral for GBT holders.\n\n| Level               | Description                                              | Collateral (%) |\n|---------------------|----------------------------------------------------------|----------------|\n| Inferred Resources  | Low certainty level; minor data                          | 15             |\n| Indicated Resources | Medium certainty level; enough data for mining plan      | 30             |\n| Measured Resources  | High certainty level; detailed mining plan possible      | 60             |\n| Probable Reserves   | Medium certainty level; 50%-90% recovery potential         | 50             |\n| Proven Reserves     | High certainty level; over 90% recovery potential          | 70             |\n\nThe Collateral Gold Grams (CGG) calculation adjusts based on commercialization margin (CM) factors specific to each country. Some technical details—such as the complexity of ore reduction and gold recovery—may reduce the number of tokens issued in order to cover additional expenses incurred during exploitation. In those cases, the Mining Intelligence department will share the report and conclusions. In general, this step will increase the collateral per token in circulation if required and will be applied on an individual basis since it is directly related to the geology of each mine.\n\n## Minting GBT\n\nGBT can be minted using stable coins. The liquidity used for minting is allocated as described in the Liquidity Allocation table. The total supply of GBT is variable and will be the sum of all the mines' supplies. To increase or modify it, a new NI43-101 report from an onboarded or new mine must be shared and published, making it clear that new resources are available to be used as collateral according to the rules explained in the previous section. Even though Alternun is designed to be multichain, a global pool will be created from all the sales, avoiding liquidity fragmentation. That means that, independently of the network the customers are working with, they will have the opportunity to participate in all the projects.\n\n### Understanding the Token Supply\n\n#### Example 1\n\nFor a gold mine in Colombia with Indicated resources of 2,100,000 gold grams:\n\nVariables: \n- Category = Indicated = 30%\n- Country: Colombia = CM = 20%\n\n- Equation to determine token supply = Resources × Category % × (1 − CM)  \n- = (2,100,000 × 30%) × 0.8  \n- = 504,000  \n\nThe initial total supply (ITS) is set at 504,000 GBT (1 token = 1 gram of gold). In this example, each GBT in circulation has collateral of 4.16 grams of gold (Collateralization Ratio).  \n\n#### Example 2\n\nAfter further exploration, suppose the QP reports new resources with an additional indicated 700,000 gold grams. Using the same collateral calculation:\n\n- Additional GBT supply = (700,000 × 30%) × 0.8 = 168,000\n\nThe GBT supply is expanded by this additional backing. The total supply increases from 504,000 GBT to 504,000 + 168,000 = 672,000 GBT. This expansion directly reflects the increased collateral provided by the newly confirmed resources, thereby enhancing the value and stability of each token. Concurrently, a portion of the profits generated from this additional backing is used to repurchase Community and Rewards Tokens for distribution among active participants.\n\n(Collateralization Ratio remains 4.16)\n\n#### Example 3\n\nA new mine in the same jurisdiction comes with the following report: \n\n- Resources: 800,000 grams. \n- Category: Measured. \n- CM = 20%\n\n- Calculation: (800,000 × 60%) × 0.8  \n- = 384,000 new GBT \n- New total supply = 672,000 + 384,000 = 1,056,000\n\nThe updated collateralization ratio is 3.41. The collateralization ratio has been lowered due to the higher certainty offered by the measured resources added in this example.\n\n## Global Aggregation and Exploration Rewards Mechanism\n\nAll participating mines contribute to a single, globally aggregated digital gold reserve backing the GBT. This global gold-backed token model avoids liquidity fragmentation and ensures that every confirmed resource—from any mine—strengthens the overall collateral.\n\nSince exploration is conducted with resources from the liquidity pool, Alternun will use the Community and Rewards Token to reward those holders who actively minted GBT and participated in the projects. This creates an important incentive for minters on the platform.\n\n## Treasury Management Strategy\n\nTo safeguard the value of the liquidity pool and mitigate risks from rapid fluctuations in gold prices, Alternun employs a simple and effective treasury management strategy. When a customer mints GBT, a portion of the stable coins received is automatically swapped into reputable gold-backed tokens, such as Pax Gold or Tether Gold. This conversion helps maintain the liquidity pool’s value by aligning a significant portion of our assets with gold. Additionally, 2% of the treasury allocated for government royalties is held exclusively in gold-backed tokens, ensuring these funds are preserved in a stable, gold-valued form until needed.\n\n## Token Uses or Benefits\n\n- **Protection Against Inflation:**  \n  GBT remains a secure, gold-backed asset with a robust, aggregated liquidity pool—providing stability and defense against inflation.\n- **Governance:**  \n  Holders can vote and influence decisions regarding regenerative projects, exploration investments, and other strategic initiatives.\n- **Staking and Integrated Rewards:**  \n  By staking GBT and participating in governance and project elections, holders benefit not only from profit-sharing but also from additional rewards. Profits from the Recovery Pool are used to repurchase Community and Rewards Tokens, which are then distributed to active participants—linking exploration success with community incentives.\n- **Exclusive Features:**  \n  Holders gain access to special benefits such as guided visits to mining sites and regenerated areas, further deepening their connection with the ecosystem.\n\n## Why Invest in ALTERNUN GBT?\n\nALTERNUN Gold Backed Tokens (GBT) provide a unique opportunity to bridge traditional gold investments with innovative blockchain technology. Designed to cater to a diverse range of stakeholders, GBT offers stability, transparency, and environmental sustainability. Below are the key reasons why various groups should consider investing in GBT:\n\n### For Institutions\n- **Stability and Security:**  \n  GBT is backed by a globally aggregated digital gold reserve, ensuring inherent value and serving as a reliable store of wealth.\n- **Transparent and Decentralized Governance:**  \n  Participate in a decentralized ecosystem with clear profit-sharing mechanisms and robust collateralization.\n- **Risk Management:**  \n  Hedge against inflation and market volatility with an asset that is both tangible and securely managed.\n\n### For DeFi Protocols\n- **Seamless Integration:**  \n  Incorporate GBT into your ecosystem as a stable, secure asset that complements existing DeFi solutions.\n- **Enhanced Liquidity:**  \n  Benefit from a token that supports both value preservation and dynamic profit-sharing, thereby adding utility and depth to your platform.\n- **Multichain Compatibility:**  \n  GBT is designed to operate across multiple networks, avoiding liquidity fragmentation and fostering interoperability.\n\n### For Individual Investors\n- **Portfolio Diversification:**  \n  Add a gold-backed digital asset to your portfolio, reducing exposure to traditional market risks.\n- **Inflation Hedge:**  \n  Secure your investments with a token that maintains its value even during economic fluctuations.\n- **Community and Profit Sharing:**  \n  Engage in governance and staking to receive rewards, ensuring that you directly benefit from the ecosystem’s growth.\n\n### For Environmental Advocates\n- **Sustainable Practices:**  \n  Support regenerative mining and sustainable practices that minimize environmental impact while promoting social development.\n- **Positive Social Impact:**  \n  Invest in a product that not only preserves wealth but also contributes to the rehabilitation of ecosystems and community development.\n- **Responsible Resource Management:**  \n  Align your investments with environmental stewardship and transparent management of natural resources.\n\n### For Wealth Creators\n- **Long-Term Value Creation:**  \n  Benefit from a continually expanding token supply as new gold resources are confirmed, enhancing the overall collateral.\n- **Profit Sharing and Reinvestment:**  \n  Enjoy a model where a portion of project profits is reinvested to strengthen the liquidity pool and increase token stability.\n- **Innovative Digital Gold:**  \n  Combine the enduring value of physical gold with the innovation of digital finance to create sustainable, long-term wealth.", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "Alternun_io"}