Blockchain is the technology of the future, which allows the expansion of the boundaries of business. It can be used in any field, including mining, and in particular, in gold mining. The Innovaminex project is designed to involve the real economy with virtual assets and to allow any individual or legal entity to invest in a real project and receive benefits and advantages from the sale and processing of gold extracted from the mines.

One of the main features of this project is that it uses modern technology to create a new business model in the mining sector, reducing costs and increasing security, so that the end consumer can have access to a better product with the best conditions.

Innovaminex is a project within the mining sector that uses blockchain technology to ensure traceability for gold and other precious metals, controlling exploitation, transportation and processing of the finished product. This project uses decentralization technologies to certify the entire extraction process, from when the precious metals leave the mines until they reach the end consumer, as well as to allow buyers to verify the origin of the metal which they have purchased or products made from it. In this way, each of us can be sure that the gold products or any other jewelry that we buy are completely legal and ethical.

The Innovaminex team states that their main goal is to make gold and other precious metals more accessible to a wider range of people through our cryptocurrency, INX, by reducing the price to the end customer, ensuring transparency and security of all transactions conducted by the blockchain. But most importantly, the InnovaMinex project provides a connection between a traditional asset such as gold and the INX tokens, not in a linear way, but in a way that even if the price of gold goes down, the value of INX could go up. Users with INX tokens will benefit, anyway!

How does it work and what is an INX token?

It is a fact that demand for gold already exists - it is not necessary to create it artificially. Nowdays, gold is the most stable material for investment and the demand for it is constantly growing. The growth of demand for gold is an incentive for the growth and development of the InnovaMinex project, as a result of which its token will grow.

INX is a versatile financial tool that has multiple applications. People who buy gold and other precious metal products with INX tokens, will receive significant discounts, up to 25% or 30% cheaper than the market price. Since the demand for gold is growing year after year, the demand for INX will also grow, even among those who are not interested in cryptocurrencies, but are in gold (buying the gold with INX tokens, they will save!).

In addition, users who hold their INX tokens without trading during the corresponding 3 months will be entitled to receive part of 25% of the quarterly benefits of InnovaMinex, in the form of discount vouchers. These vouchers can be redeemed on the purchase of gold and other precious metal products, in the e-commerce platform of InnovaMinex. The discount of these vouchers can be as much as 90% of the value of the goods. This approach will allow the project to make the storage of INX tokens profitable and reduce the number of investors who want to sell.

What gold can you purchase with INX tokens?

The InnovaMinex project hasn’t only an MVP, but a solid business behind it, with 7 Colombian mines rich in gold, silver and zinc – among other precious minerals – in a project already underway, and that’s why many investors specializing in detecting the best ICOs have realized the huge potential of InnovaMinex. Several known mining projects for the extraction and processing of precious metals have already been launched and will start in the near future. These are GUAYAQUIL, VIZCAYA, BOLÍVAR 2, ANTIOQUIA 3, MINEX 7, MINEX 12 and TOLIMA.

The GUAYAQUIL processing plant is already under construction (the plant will be engaged in washing for further processing of gold ore). The plant will start working at the end of the first quarter of 2019, and in 2022 the TOLIMA project will be launched, which will be engaged in the processing of minerals. Other projects are those from mining companies in need of a refinery; InnovaMinex will also work with them producing their refined gold. For such a big project the company has decided to offer everyone to be part of it through the launch of an ICO. The sale of tokens starts on November 26th, 2018, but it is worth noting that the project already has collected about 2,000,000 USD.

On the project’s website ( 210,000,000 INX are available for purchase, at 0.5 USD per token, but if you are one of the first ones to buy INX, you’ll get them with a 30% discount. The soft cap of the project is 10,000,000 USD. By the way, on the project's website you can take part in a roulette (“INX Win Wheel”) to win tokens or a discount on your purchase (you do not need to make transactions, any registered user can try his luck).

Precious metal extraction -their search and processing- is one of the most important tasks of the world economy. In fact, gold mining is one of the oldest activities, and this is not surprising. Given the high profitability of gold mining, it is worth noting that the interest in the search for precious metals has remained unchanged for centuries, and is the same today. During the whole history of mankind, between 150 and 200 thousand tons have been extracted from the Earth. Two centuries ago there was a real revolution in the gold mining sector, which is why the volume of production has increased several times. Now we are on the threshold of a new "Golden Revolution" and Innovaminex is positioned to take full advantage of this!