Moria Token: Precious Metal Extraction Crypto Investment?

Gold mining. Not an industry one hears about since the major western gold rush of the 1700’s. With the Moria company, past meets future in the present as this organization has managed to create a contractual agreement utilizing precious metals from a mine in the northwestern United States Rocky Mountain range which pays out for the company’s private cryptocurrency and also the universal cryptocurrency, ETC.

What Is Moria?

The gold mine in question is the Bates-Hunter mine, located in Colorado and to this day is considered a high-profit industry. According to the historical background of the property, the production of the site itself has led to over 200,000 ounces of gold. If you wish to try your hand at profiting from precious metals mining, Bates-Hunter is touted as a wellspring for the vivacious venture capitalist. Apparently, the company’s inspiration stemmed from desiring to offer individuals with any involvement in modern-day tokenized currency to have access to the profitable gains in the mining industry which has only previously been available to the elite in the wealthy classes for the past few centuries.

Moria’s head group consists of an all-male team, beginning with Stephen D. King, the CEO, and continues to the projects management specialist Courtland Brewster, Stephen J. Humphrey who specializes in mining management operations, Matt Collins a mining engineer with 30+ year experience, and Franklin Levy, their business consultant. Moria’s advisor support team consists of Kyle Forkey and Robert D. Parkes, both of which led highly successful operation teams.

How Is Moria Precious Metal Extraction Crypto Investment Different?

Certainly, Moria has provided a different approach in the world of decentralized platforms of exchange. Moria tokens as it stands, are coins which are earned from royalties to deeds to the Bates–Hunter mines in Colorado. Upon each collection following mining, the value of the gems is converted to Moria tokens, which are eventually cashed out in Ethers. What is the current amount of capital backing of the Moria company? $170 million, to be precise.

So how is the contract set up? Going by some of the foundations for the agreement, all token holders receive quarterly payments which equate to approximately 10% of the gross revenue of the GS Mining Company. Something else to keep in mind is the payoff for the investor is capped at 20% of the ICO price per token which is based on the company revenue, not any additional income gained from mining. This payment set up begins in 18 months post-ICO launch.

Moria Token Sale

For those who are interested in the avenue of the Moria tokens themselves, the company allows for users to deposit into the e-wallets and to remove large amounts of paperwork and removes the need for brokers involvement.

Upon each extraction yield in the excavations, the investor’s earnings are sent to e-wallet. The payout would be 20% of the ICO and sent every 3 months. As it stands, Moria is offering a buy-in rate of $1 per token; in addition, the Moria tokens are matched to a 1:1 ratio of Bitcoins and Ethers. According to the website’s information, per capita of token invested yields 20 cents each year in the form of Ethers.

Another factor which may be favorable to the investor is that the variable of market value volatility is removed from the equation of cashing into cryptocurrency. When comparing the multitudes of cryptocurrency market platforms side by side, the cash or fiat value of the tokens tends to vary, as well as the frequency of data mining opportunity. All this arrangement currently requires is investing whatever is the individual’s desired amount of the royalties, and then crunching numbers from the ICO to determine part of the portion of what the payout would amount to.

Moria Verdict

What we find interesting in regards to this concept is that precious metals are beginning to make a comeback in the realms of commodity value, accumulating more reverence versus recognized mediums of exchange such as USD -which continues to drop in relation to Euros and other foreign currencies. Also, another positive aspect for the researcher is that within the Whitepaper, Moria does slyly mention that there are exemptions found in the offshore and onshore for registration of legal tender in the U.S., once the initial pay-in is completed. Read the Whitepaper for further stipulations regarding that.

All things considered, Moria is one of the few companies that has an actual liquid asset payoff within a given time frame, should the individual so desire. Being that the deed owner has a guaranteed gain in correlation as to the amount in which they choose to supply to their contract, there stands to be quite a chariot of profit. While the ICO and other combined variables do seem favorable, there are further factors to look at. Depending on which part of the world you hail from, some countries, states, and counties will require a tax on capital gains. Something to keep in mind if you are having high influxes of wealth lining your digital and physical pockets.

All in all, the precious metals industry is still going strong. If you’ve had any dealings with it, then you’re aware it can be a cash cow. The entire offer seems beneficial, but as we mentioned before, know your regulations where you reside because a larger portion of your surge of affluence could be going to Uncle Sam and spoil some of your profits.