How does the G-point system work?
eGold Mining will be sharing a portion of the net profits earned through mining with eGM token holders. Token holders will be paid by the amount of G-points they accumulate by holding their eGM tokens in a private wallet. G-points will be linked to the wallet address the eGM tokens are kept in. Those who hold the longest will be rewarded most in the long run. As they accumulate more G-points, they receive a larger share of the profits.
Anyone who moves their tokens to an exchange wallet will lose all G-points accumulated through those tokens and will not receive any share of the mining profits. You must keep and hold your eGM tokens in a private wallet to keep your G-points.
How are G-points calculated?
1 eGM token = 1 G-point per day.
So if Ed holds 100000 eGM tokens, at the end of the month he will have accumulated 3 million G-points (30 days x 100k tokens). Since there are 20 million circulating eGM tokens, there can never be more than 600 million G-points per month. Ed’s profit share will be 3m/600m or 0.5% of the net profits allocated for that month.
Since it is anticipated that not all 20 million eGM tokens will be held in private wallets to accumulate G-points, we expect Ed’s profit share to be larger than 0.5% of the net profits for token holders. For example, if 10 million eGM tokens were held in a private wallet and the other 10 million were trading, there can only be 300 million G-points (30 days x 10 million) earned for that specific month. So in this case, Ed’s profit share would be 3m/300m or 1% of the net profits allocated for that month.
This is how the G-point system incentivizes the ‘HODLer’.
G-point Payout System
There will be three classes of payouts for G-point accumulation – Short Term, Long Term, Elite.
Short Term Holders
For Short Term, the G-points will reset every month giving everyone a fair shot for profit sharing. 25% of the net profit will be shared with eGM token holders every month. You must be holding for the entirety of the month to earn your share of the Short Term profits for that month. If an investor’s profit share value is less than $10 USD, no profits will be shared and anyone lower on the G-points ranking system from thereon will not receive a profit share.
Long Term Holders
For Long Term, the G-points will reset every six months. Long Term holders will receive 15% of net profits at the end of every six months depending on how many G-points they have accumulated. This share of profits will be separate from the Short Term share of profits and only Long Term token holders can participate. This profit share will be held in a private wallet for six months and only be paid to qualified Long Term Holders. You must be holding tokens for at least three months to get your share of the Long Term profits.
Elite holders will never have their G-points reset and will be paid 10% of net profit every year. Elite holders must hold their tokens for at least 0.5 years + 0.75(n). n = # of payouts. We believe that the holders who never sell should be rewarded with a bonus for their patience and continued trust.
Elite holders will never have G-points reset and will be paid 10% of net profits every year. Elite holders must hold their tokens for at least 0.5 years + 0.75(n), n = # of elite payouts, to qualify for the Elite holders share of profits. For example, for the first payout, you must hold for at least 6 months. For the second payout, you must hold for at least 15 months. For the third payout, you must hold for at least 2 years, etc. eGM believes holders who never sell should be rewarded with a bonus for their patience and continued trust.
G-points for each class will be updated daily on eGoldmining.com on a token holders dashboard corresponding to each holder’s wallet address.
Reduce Supply, Create Demand, Increase Value
The G-points system is there to create and greatly incentivize long term holders for the eGM token. With less tokens on the market and more being held religiously in private wallets, we believe that this will inherently increase value of eGM tokens by playing with the supply and demand principle of economics. For example, if 10 million tokens are being held in private wallets for a share of the net profit, that means there are only 10 million tokens that are being traded on the market. With less tradable supply and more demand for the coin as profit share increases every month, we expect the value of the eGM token to increase immensely over time.
eGM tokens will also be backed by gold ETFs every month with 10% of the net profits. We believe that providing our tokens with an intrinsic value through a precious commodity will insure the original investment of our token holders.