AMiE Could Become the Most Valuable Crypto We Have Ever Saw — AMi, Part XX
In this article I’ll write about the AMiE Crypto Token, its structure, utility and distribution.
The AMi Exploration program aims to unlock the biggest source of wealth in history through asteroid-mining operations targeting the near-Earth asteroids.
For example, only one asteroid, 6178 (1986 DA), contains 10,000 tons of gold and 100,000 tons of platinum, with the total estimated worth of precious metals at $11.65 trillion. As a reference, the total market cap of all of world’s digital assets in 2023 is $1.19 trillion.
One of the means to finance the AMi Exploration Program is AMiE crypto, a utility token created on the Avalanche blockchain. Through the private sale, presale, and the ICO, we aim to raise $72,850,544 until 2027.
Token definition
Token name: AMi Exploration.
Token symbol: AMiE
Token type: Utility
Technical standard: ERC-20
Blockchain: Avalanche
Smart contract address: 0xa12eB4d5cB7911E8D471FE708a9f3119fD216a1A
Initial issue price: $0.10
Private sales: yes
Public sales: yes
Total supply: 1,000,000,000 AMiE tokens
Expected capital collected from tokens sale until 2027: USD 72,850,544
Token allocation
50% ICO and DEx, 20% private, 20% to the team, 10% reserve (top diagram).
The use of sale proceeds from the ICO and Private sales (top diagram) are going to be used as follows: 80% goes to the AMi Exploration Program technical development, 10% operations and 10% marketing and business development.
Token utility
In the initial-released version of the White Paper for the AMi Exploration program we defined the utility of the AMiE Token as follows: “The AMiE Token holders will be able to purchase the returned precious metals with priority. They will also be able to pay for the precious metals with 80% fiduciary money and 20% with the AMiE Token.”
However, after numerous financial simulations we’ve decided to change the token utility in the later-released version of the White Paper with: “The AMiE Token holders will be able to purchase the returned precious metals with priority. The holders will also be able to use the AMiE Tokens in exchange for the precious metals” returned by the AMi Exploration program and sold by ARCA.
Example
For a better understanding of the AMiE Token’s utility, let’s discuss the following hypothetical example:
Let’s say that an individual obtains 10,000 AMiE Tokens in 2023 in exchange for 1,000 USDC.
On June 5th, 2023, the gold price is $62,562/kg.
Let’s also assume that in 2027 ARCA will return the first quantity of precious metals, including gold from a near Earth asteroid and it makes the metal available on the market for sale.
Let’s also assume that until 2027, due to the token demand, the value of one AMiE Token reaches 1 USDC. It means that the AMiE Token holder now owns AMiE Tokens valuing 10,000 USDC instead of 1,000 USDC as the holder initially paid in 2023.
The holder will now be able to claim gold equivalent to $10,000, so around 0,160kg.
The higher the AMiE Token demand in the first years when the AMiE Token price is still low, the higher the price of the token in the following years and the higher the profit for the token holders when the AMi Exploration program will return the first quantities of precious metals back to Earth.
This scenario didn’t take into consideration the inflation, and the gold price evolution until 2027, and it just aims to explain the basic mechanism behind the AMiE Token utility.
Another utility for the AMiE Token is related to the fact that the holders will be able to use it to acquire raw materials like iron, aluminum, water, oxigen brought by ARCA to the orbital depot, from Earth or from the asteroid mining operations.
AMiE a stable coin?
ARCA is also planning to peg the AMiE Token to gold. This is just at the intention level and could be seriously discussed only in the next decade. However, I’m mentioning this as the potential to happen is there.
Token distribution
Multiple sales, both private and public, will be organised, based on market interest and AMi program’s needs. All these sale events will be organised in a period of 4 years, until 2026, to synchronise the fund raising with the AMi program’s financial needs, taking into account an optimum token distribution on the market, also based on the fact that the first asteroid-mining launch is scheduled in 2027.
Tokens to the team
70% from the whole token amount will be distributed to the public through private and public sale.
20% from the whole token amount will be distributed to the team.
The team will receive the tokens proportionally with the public token distribution, meaning that when we will make available to the public a token percentage through private and ICO, the same percentage from the tokens allocated to the team will also be made available. This means that at any given moment no more than 20/70 ratio tokens will be distributed to the team.
Example:
Lets’s consider that 10% from the amount of tokens that are allocated to the public (a total of 700,000,000 tokens) will be made available for public distribution. The same 10% from the amount of tokens that are allocated to the team (a total of 200,000,000 tokens) will be made available to the team, at the same time with the public distribution start. This means that 70,000,000 tokens will be available to the public, while 20,000,000 will be available to the team.
Token lock
For each sale event we will require a lock period that is going to be between 30–90 days.
For instance the tokens from the first sale will have a lock period of 60 days.
For each token distribution to the team, a lock period of 1 year will be applied.
Conclusions
Due to its link to the vast quantity of precious metals found in the near-Earth asteroids that could easily be translated in the biggest source of wealth in human history, the fact that ARCA is currently the only company in the world that developed and end-to-end asteroid-mining solution and has the technological capability to implement it, the AMiE Token has the potential to become the most valuable crypto we have ever saw.
Meanwhile, ARCA is building with confidence, step by step. The potential is huge and the target is in our reach. We put our energy only into projects that we find worthy of our attention and AMi si definitely one of them.
