Black Gold
Black Gold is a DEBT Box project supported by the physical production and sale of crude oil. By purchasing a Black Gold (BGLD) software mining license and becoming a BGLD node operator, you're allowing Digital Licensing Incorporated, the DEBT: Box ecosystem's permissioned administrator to support oil industry projects within the exploration, drilling and physical production of crude oil with certain key benefits. Software mining license holders are rewarded for their blockchain support with BGLD tokens.
Tokenomics
The DEBT Box Black Gold (BGLD) tokenomics have been designed as a deflationary token, to create a true supply and demand dynamic. The BGLD project is supported by four areas:
- Oil production royalties
- BGLD software mining license purchases
- An annual halving
- Transactional fees
A limited number of BGLD tokens will be mined and placed into circulation by a limited number of software mining licenses. All BGLD tokens must be mined by BGLD software mining license holders. BGLD tokens will only be available for purchase through third-party exchanges.
Oil Production Royalties
A percentage of revenue generated from vetted and approved oil well projects will be converted to BGLD tokens and sent to the burn wallet, never to be seen again. With revenues coming from multiple oil projects in various jurisdictions on multiple continents, BGLD tokens will continually Be taken out of the market.
BGLD is paired with BNB as well as the DEBT token. To further control the circulating supply, there are a variety of events in which debt token is locked up and staked for a period of time boosting its value. Take a look at our light paper for a deeper dive.
Mining Licenses
For every purchased BGLD software mining license, a pre-determined amount of BGLD tokens will be placed into the BGLD Ecosystem Growth Initiative (EGI) pool. This creates enough liquidity in the ecosystem for every token mined. 50,000 BGLD software mining licenses are available. Once all licenses are sold, all BGLD software mining licenses will be converted to transferable NFTs.
See For Yourself
BGLD is a BEP-20 token running on the Binance network. Visibility of the token contract, daily mining and wallet holders can be found on BSC scan. See the market value, available liquidity and trading pairs available on PancakeSwap. Buy some token today and participate in the growth of the DEBT Box ecosystem.
