NaturesGold Token
The NaturesGold Token is an ERC-20 token, built on the Polygon blockchain, with each token representing the preservation of 1/100th of a gram of in-ground gold, in deposits quantified by independent experts and controlled through mineral rights owned by Nature’s Vault and Pistol Lake NFT holders.
The total amount of NaturesGold Tokens in circulation can never exceed the amount of gold held within the mineral rights managed by Nature’s Vault.
The first mineral rights to be fractionalized will be known as Pistol Lake NFTs and will represent a fractional ownership in the Pistol Lake mineral rights located near Thunder Bay in Ontario, Canada. Pistol Lake contains 125,000 troy ounces (3,887,934 grams) of in-ground gold as quantified by its corresponding NI 43-101 report. This means that the maximum circulating supply of NaturesGold Token cannot exceed 388,793,750 tokens 3,887,935 grams (or 0.01 grams per NaturesGold Token).
As additional mining rights with an NI 43-101 or JORC report are acquired and fractionalized, the supply of NaturesGold tokens could potentially be increased to correspond with the NI 43-101 gold held within these mining rights, subject to approval through a governance framework described below
What is the highest value NaturesGold (NGOLD) has ever reached?
NaturesGold (NGOLD) reached its peak price at 0.03907 $ on 11 November 2023, approximately 2 years ago ago. Presently, the current price is -97.54% lower than this all-time high.
What is the historical minimum price for NaturesGold (NGOLD)?
The minimum price reached for NaturesGold (NGOLD) was 0.0008521 $, documented on 05 July 2024, more than a year ago. In comparison, the current price is 12.41%, it above this historical low.
What is the fully diluted valuation of NaturesGold (NGOLD)?
The fully diluted valuation (FDV) of NaturesGold (NGOLD) stands at $ 372,472. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 388,793,750 NGOLD tokens. The realization of this FDV might take several years depending on the emission schedule of NGOLD tokens.