Tokenomics
The $APRA token is underpinned by a unique economic model where each token is tied to the value of gold mined by the project. The initial token distribution is structured around a crowdsale, with 50% of the proceeds allocated to cover operational costs of mining. The operational costs for subsequent phases are covered by revenues from the previous phase, ensuring a self-sustaining model. The gold redemption program allocates 50% of the gold mined to $APRA token holders, allowing them to redeem tokens for physical gold. The token's supply and value are intrinsically linked to the actual gold mined, providing a tangible asset backing.
Gold-Backed Value Determination
The value of each $APRA token is directly linked to a specific quantity of gold, providing a clear and tangible asset backing. Here's the basic formula for determining the amount of gold every investor is entitled to, denoted by 'X':
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To illustrate this with a practical example, let's consider a scenario:
Assumptions: Imagine a scenario where 200 tons of gold are mined after all three phases, and 50% (100 tons) of this is allocated for $APRA investors. To facilitate calculations, these 100 tons are converted into grams, resulting in 100,000,000 grams of gold.
Investor's Share Calculation:
Investor's Stake: Suppose Investor John holds 1% of the total supply of $APRA in circulation, equating to 10,000,000 $APRA tokens.
Gold per Token Calculation: Using the formula, John's share of gold would be calculated as:
Value Representation: This means that each $APRA token represents 0.1g of gold. With the current market price of gold at approximately 60 USD per gram, 1 $APRA token would entitle the holder to gold valued at about 6 USD.
Dynamic Value Adjustment and Distribution Mechanism
The $APRA token's value is recalibrated based on the actual gold reserves and the token holder's stake in the total supply. This process is transparent and systematic:
Monthly Reserve Reporting: At the end of each month, after reserve reporting is published, the stake of every holder in the total supply of $APRA is calculated.
Snapshot for Current Stake: A snapshot of every wallet is taken at a predefined date to determine the current stake of every investor in the total supply of $APRA.
Gold Mined Calculation: The amount of gold mined during that period is calculated, disclosed publicly, and 50% is dedicated to the gold redemption program.
Token for Gold Exchange: The stake each investor is eligible to redeem their tokens for gold is calculated, and the gold is distributed to all holders who wish to do so.
Continuous Reserve Growth: The reserves increase continuously as new gold enters the reserve, potentially enhancing the value tied to each $APRA token.
This structured and transparent approach to tokenomics not only ensures that the value of the $APRA token is firmly rooted in tangible assets but also provides a clear and fair mechanism for token holders to understand and realize the value of their investments.
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