What Is Coal Coin?

The Coal Coin project is the first in the world to finance a strip mine via crypto coins. The funds will be used to create a strip mine for the extraction of nonmetallic materials. The aim is to raise funds via the blockchain. This strip mine will be developed in the Kemerovo Region. By creating a crypto token with access to crypto exchanges, which will then be repurchased, this is a profitable asset.

The CoalCoin token will be released to the Ethereum blockchain and will be compliant with the ERC20 standard. By being ERC20 compliant, it will guarantee the compatibility of the token with third-party services and offer easy integration.

Each token is tied to a ton of coal and to USD. Thus, they will ensure investments in the tangible products that belong to investors based on a Coal Coin derivative. For each investor, an investment contract with collateral will be concluded in addition to the smart contract. An experienced and professional team is guaranteeing the reliability of this project.

In the Pre-ICO, participants will purchase tokens, which can be exchanged for 120,000 tons of coal.

During the ICO, participants will have a chance to buy crypto coins with the possibility to exchange those coins for 930,000 tons of coal.

After the sale of tokens, all the unsold tokens will be sold. Tokens that belongs to partners and the consultants will be locked up for 2 months. The bonus fund tokens will be locked for 12 months and the project team tokens will be locked for 6 months.

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