_
BlackGold Utility Token
Welcome to the Future of Oil Exploration
Introducing the first of its kind digital linked oil project. Where Crypto meets commodities.
LITEPAPER V1
11.01.2021
Commodities In a New Market Place
The ancient practice of trading commodities is entering the twenty-first century through a revolutionary decentralized network of anonymous software operators who create a blockchain eco-system backed ans sustained by oil.
Supported by the sale of crude being produced by well number NVNO82639 in White Pine County, Nevada, Black Gold Node operators are rewarded for their blockchain support with BGLD tokens.
Earn Black Gold Rewards
Become part of the Black Gold community and take advantage of the multi-trillion-dollar oil industry from the comfort of your own home. Purchase your Black Gold Node Software License today! Fewer than 50,000 Node Licenses are still available.
The Black Gold Node software license is a one-time purchase that operates with very little electricity and does not require high speed internet services.The node licenses are compatible with all MacOS, Windows, or Linux devices and can be run anywhere with an internet connection. This includes laptops, smart devices, cloud hosting, or a DEBT Box. Purchase with confidence, each license comes with a 7-day money back guarantee*.
For contributing to the Black Gold Blockchain you'll be rewarded with BGLD tokens, a BEP20 token that can be exchanged for other crypto and has already met pre-liquidity. Tokens generated are distributed directly to your dashboard every 24-hour cycle. All you have to do is make sure your device is turned on and connected to the internet.
_
Tokenomics
Supply and Demand
Supply and demand, in economics, is the relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used in economic theory.
A limited number of miners can mint an unlimited number of tokens, increasing the value of both.
For every license purchased, a set number number of tokens (based on a sliding scale) will be placed into the Eco-System Growth Initiative pool (EGI), creating enough liquidity in the eco-system for every token mined.
"
IS A BLACK GOLD NODE LICENSEE RIGHT FOR YOU?
Are you a blockchain enthusiast who wants to be a part of a community of like-minded individuals who create an eco-system of digital rewards supported by the production of oil, a tangible commodity?
If you are not choosing to purchase a license based on ROI, but rather the excitement of the future of this new industry and technology that is sweeping the globe.
If this sounds like you, purchase your license today!
Distributions
Earn Daily
What your license mints today is in your wallet tomorrow! Distributions are made daily based on a point system. There are several ways to earn points in the distribution system. The total number of points are computed each day and used to calculate the amount of individual distributions. The total daily distribution is equal to 1/4000 of the daily EGI pool balance.
Decentralized Network
Restrictions:
*Map is for illustration purposes only. Currently, Black Gold node software cannot be owned or operated in the following countries: Afghanistan, Belarus, Burma, Cote, D'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe. Countries not listed MAY participate in building the Black Gold blockchain.
How do I get tokens?
- Purchase a DEBTBox with mining licenses for Black Gold Tokens and receive tokens from a mining pool everyday when running them properly.
- Purchase through coin swaps using coins like Bitcoin, Ethereum and Binance.
- Trade with friends
How can I get dollars for my tokens?
Participate in typical crypto currency trading where you buy and sell based on fluctuations in the market. Sell those currencies for dollars.
Store your tokens anywhere!
The Black Gold token is a BEP-20 token, meaning that it works on the Binance blockchain so you can store or transfer your token to any wallet that supports Binance Smart Chain tokens.