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QAM is a Trusted Way of Storing wealth using digitized LBMA gold on the Binance Smart Chain (BSC)
Guinea - ALA Mining is launching QAM, the first hybrid deflationary stablecoin fully pegged in LBMA certified gold from proven reserves on the Binance Smart Chain (BSC).
ALA Mining is an established gold broker and mining company and holders of two exploitation licenses covering roughly 200 square kilometers of gold-rich plateaus in Guinea that have proven deposits of 90.71 tons of gold. Guinea is the third-largest gold producer in Africa and the 18th globally.
ALA Mining is issuing a gold-pegged stablecoin on the Binance Smart Chain to derive its value from gold and revenue earned from its mining and trading operations. The team expects a constant flow of capital from the project. They mine gold and sell them to gold brokers from their secured Brink Vaults in Dubai. From ALA Mining's revenue and operations, the value of the stablecoin should increase where token holders can earn passive income.
ALA Mining is introducing the first hybrid stablecoin with deflationary features on the blockchain and diverging from approaches adopted by other stablecoin issuers. Most of them release tokens tracking fiat currencies. However, among many other factors, inflation and the need to retain financial independence away from answering regulators, most investors don't want to adopt fiat-backed stablecoins fully.
ALA Mining is minting the stablecoin that can be redeemed to physical gold as an option for investors by releasing a coin that's sufficiently backed with gold and the firm's mining operations. Concurrently, by using the Binance Smart Chain, stablecoin holders benefit from public chain's features such as low fees, fast settlement, digital existence, and better transparency. The World Gold Council (WGC) revealed that only 20 percent of all gold products are backed by proven gold reserves. The rest are collateralized by funds, futures, certificates, and ETFs. Ala Mining’s gold-pegged stablecoin aims to resolve this problem by leveraging the blockchain for better transparency and auditability.
ALA Mining is using gold because of its timeless use over the years. Gold is trusted by investors and governments reading from the trillions of gold held in reserves and its developed market. The gold market is estimated to be upwards of $7 trillion and several folds that of the cryptocurrency market. Gold serves as a hedge against inflation and is a permanent fixture in the traditional market where the asset diversified portfolios.
QAM is compliant with the BEP-20 standard of the Binance Smart Chain and is collateralized by one gram of gold and all assets associated with ALA Mining. It is a one-in-all package without an interest mechanism but with a profit-sharing structure for incentivization. Each QAM Digital Gold certificate can be redeemed for ALA Mining's range of products, including LBMA London Good Delivery (LGD) bars and fiat currencies, the USD and Euro.
The QAM private sale is ongoing and ends on April 30, 2022. 100 million QAM has been set aside for investors. An investor can purchase a minimum of 10 QAM. Acceptable cryptocurrencies are ETH, BTC, and BNB.
About the Ala Mining Sarl
Ala Mining Sarl is the issuer of QAM. QAM Token is a Hybrid Token, a deflationary stablecoin built on the BSC network, using the BEP20 standard. It is 100 percent backed by gold, stored in proven reserves, owned, and operated by Ala Mining Sarl, a gold mining company operating in the gold-rich plains of Guinea.
Social Links:
Solo: https://solo.to/qam
Media Contact:
Brand Name: Quantum Ala Mining
Contact Person: Adrian Vitan Lopes and Costin Nimara, Co-Founders
Company Email: [email protected]
Website: https://alagoldtoken.com/
