The D.E.B.T. Aluminum (ALUM) Project is supported by the mining and production of bauxite ore (the world’s main source of aluminum) and works closely with a team of industry professionals including mining engineers and mine site operators to offer efficiencies throughout the exploration, extraction, refining, and production processes. The ALUM Project capitalizes on the exploration services of the XPLR Project; this combination of advanced exploration analytics and industry knowledge provides lowered expenses during the exploration and mining processes and increased commodity production, leading to a successfully administered and operated bauxite ore mining project.
The D.E.B.T. Aluminum (ALUM) Project tokenomics have been designed based on the economic theory of supply and demand. As a deflationary token, the number of tokens will continue to decrease, thus potentially increasing the value of remaining tokens over time. A limited number of ALUM tokens will be available to be mined, and therefore placed into circulation, by a limited number of mining licenses. This is not an Initial Coin Offering (ICO) project structure. See the ALUM lite paper for further information on its tokenomics.
A percentage of revenue generated from vetted and approved bauxite ore mining operations will be converted to ALUM tokens and burned. With revenues coming from multiple bauxite exploration and mining projects, ALUM tokens will continue to be taken out of the market. Royalties received from the bauxite mining industry, from exploration, mining, and sales processes as well as internal token functions, will be burned monthly to reduce the number of tokens in circulation. With diminished supply comes increased demand, thus potentially increasing the value of the token over time.
AN ECO-FRIENDLY APPROACH
The ALUM Project positively disrupts the bauxite ore mining industry by making use of satellite sensing technology provided by the D.E.B.T. Explore (XPLR) Project. The use of this technology to locate commodity deposits results in reduced environmental impact to drilling areas, reduced exploration cost, and reduced waste, allowing for an increasingly environmentally sustainable approach to the bauxite exploration and mining process.
ALUM is a BEP-20 token running on the Binance network. The token contract, daily mining, and wallet holders can be found on BSC Scan. Market value, available liquidity, and available trading pairs can be found on PancakeSwap. Buy some ALUM tokens today and participate in the growth of the D.E.B.T. ecosystem.