eGold Mining And The Benefits Of The G-Point System.
Rewarding Long-Term eGM Token Holders The Most. By Julius Jones.
eGold Mining — to put it briefly — is a USA-based company that plans to use funds raised in the ICO to start and maintain a large cryptocurrency mining operation. The most beautiful thing about this company, they are following all guidelines set by the SEC to become a legal security token.
G-Points
The G-point system had me confused at first, but once I understood it, I saw the beauty behind its complexity. The G-point system is there to incentivize the long term token holder the most. This is done by the different payout structures and due to the fact that those who trade their tokens or hold their tokens in an exchange wallet will not be able to accumulate G-points to earn a share of the net profits.
So holding one EGM token gives you one G-point for the day. If you hold one EGM token for 30 consecutive days, you earn 30 G-points. Simple enough. Well there are rules on how you can earn G-points.
- EGM tokens must be held in a private wallet
- EGM tokens moved between wallets will forfeit G-points
- EGM tokens must be held in consecutive days
First rule is simple, as long as you don’t hold the EGM tokens in an exchange wallet, you earn G-points. The second rule is also simple, G-points are associated with your wallet address. If you move your EGM tokens to another wallet, you lose all the G-points you accumulated for those tokens. Now the third rule gets a bit complex. Say I have 10 EGM tokens in a private wallet, this will give me 10 G-points at the end of the day. At Day 30, I will have 300 G-points. If I removed 5 EGM tokens at Day 15, I will lose all the G-points for those 5 EGM tokens I earned from Day 1- Day 15. So at Day 30, instead of earning 300 G-points, I will only earn 150 G-points. This method rewards those who hold their tokens by giving them a larger profit share. These tokens are meant to be held for a long time.
I know it’s a little confusing, but the payout structure explains why it’s done this way. Essentially with this system, the more G-points you accumulate compared to everyone else, the more profit share you earn. The three different classes of payouts are —
- Short Term (25%)
- Long Term (15%)
- Elite Holders (10%)
Short Term payouts are done every month at 25% of net profits. A token holder must hold for the duration of the entire month to earn a share of the net profits. The G-points for this payout class resets every month to allow everyone an equal opportunity to compete for a profit share.
Long Term payouts are done every six months at 15% of net profits. So 15% of net profits are held in a private wallet for six months and are paid to those who qualify for the Long Term payout. A token holder must hold for at least three months to earn a share of the net profits. So if the payout is on June 1, a token holder must hold their EGM tokens before March 1 to qualify for the Long Term payout. All EGM tokens added after March 1 will not accumulate G-points for this class and will not count toward this payout. The G-points for this class resets every six months.
Elite Holder payouts are done every year at 10% of net profits. So 10% of net profits are held in a private wallet for one year and are paid to those who qualify for the Elite Holder payout. A token holder must hold for at least six months to earn a share of the net profits. The G-points for this payout class never resets. This is one HUGE way eGold Mining incentivizes those who HODL.
So how does this benefit you? Say eGold Mining earns $10m in its first year of operations after all expenses. There are 20 million tokens that will be circulating after the ICO is complete. Let’s say half of those tokens are being traded on the market, and the other half are being held in a private wallet. Only the ones held in a private wallet can accumulate G-points. The only way to get a profit share is to accumulate G-points and half of the tokens trading are not accumulating any G-points, so that means DOUBLE the profit for you.
So if 10 million EGM tokens are being held by various investors for a full year, that means there can be a total of 3.65 billion G-points for the year (10 million x 365 days). If someone held 100,000 EGM tokens, they would have earned 36.5 million G-points for the year or 1% of the total G-points for the year (36.5m/3.65b). Since eGold Mining shares 50% of net profits per year with their token holders ($5 million), an investor who holds 100,000 EGM tokens would earn $50000 their first year (1% of $5m).
Even though the investor only holds 0.5% of all EGM tokens, they earned 1% of the profit share due to the rules set by the G-point system. And this is the beauty of this system. This is how it greatly incentivizes the long term token holder. HODL and get paid.
Website — https://egoldmining.com
Telegram — https://t.me/eGoldMining
Facebook — https://www.facebook.com/eGoldMining
Twitter — https://twitter.com/eGoldMining
Instagram — https://www.instagram.com/egold_mining
