The D.E.B.T. Black Gold (BGLD) Project is supported by the physical production and sale of crude oil and works with multiple oil exploration companies to support vetted and approved oil well projects. The BGLD Project capitalizes on the exploration services of the XPLR Project; this combination of advanced exploration analytics and industry knowledge provides reduced mining cost and increased mining efficiency that lead to a successfully administered and operated crude oil project.
Oil Production Royalties
A percentage of revenue generated from vetted and approved oil well projects will be converted to BGLD tokens and burned. With revenues coming from multiple oil projects in North America and Africa, BGLD tokens will continue to be taken out of the market. Royalties received from the crude oil 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 BGLD Project positively disrupts the crude oil 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 crude oil exploration and drilling process.
The D.E.B.T. Black Gold (BGLD) 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 BGLD tokens will be available to be mined, and therefore placed into circulation, by a limited (and now sold-out) number of mining licenses. This is not an Initial Coin Offering (ICO) project structure. See the BGLD lite paper for further information on its tokenomics.
THE BGLD NFT
D.E.B.T. project mining licenses are limited offerings and as such, will sell out. When all licenses have been sold, they become transferable NFTs, allowing mining opportunities to be exclusive but remain attainable to new interested parties. D.E.B.T. project mining license NFTs are symbols of exclusivity and innovation in the worlds of cryptocurrency and commodity production. The Black Gold Project's licenses have sold out, and have all been converted to transferable BGLD NFTs available to be minted (at the discretion and decision of the original license holder) and listed on OpenSea and other platforms.
BGLD 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. Locate and purchase a transferable BGLD NFT today and participate in the growth of the D.E.B.T. ecosystem.