29.03.2024

Cuprum Token to Offer Investors to Profit on Copper Market

Cuprum Group, a metals mining company, will be introducing a digital token designed to give investors a chance to earn rewards based on the rising demand for copper. The digital token will be backed by metal copper produced at a company owned, state-of-the-art mining facility.

Cuprum Group seeks to accelerate the transition of extractive industry companies to operationally efficient and environmentally friendly technologies. To this end, the Estonia based company has invested more than $2 million in a Russian mining facility, licensing, feasibility plans and geology.

The project includes a copper mining business that is reserved for professional investors, while the digital token will be available to the public. The Cuprum token exchange will trade both metal and digital copper.

Copper Demand Rises

The Cuprum token is designed to give investors a chance to capitalize on the rising demand for copper.

While a variety of manufacturing industries rely on copper, the global copper supply is forecast to suffer a significant shortage in 2019, according to reports at the 17th World Conference on Copper in Santiago, Chile in April.

New technologies such as electric vehicles are driving the demand for copper, along with increasing demand from the telecommunications, automotive, aerospace, jewelry and military industries.

Cuprum Group is currently exploring an ore site and is in the process of launching a copper mining facility using deep and bacterial leaching, an environmentally friendly method of mining.

The existing level of copper production, however, is expected to fall from 20 million tons to less than 12 million tons, which has the potential to seriously impact the price of copper. The copper supply by 2022 is expected to fall short by 2.5 million tons, a value of about $15 billion.

Current copper prices reflect market demand. Copper’s price has jumped from $1,800 per ton in the early 2000s to the current $6,500 to $6,800 per ton range at the present time.

Cuprum Token Backed By Copper

The Cuprum token represents a forward contract for copper with a buyback. Each Cuprum token will be backed by one kilogram of copper or the equivalent value on the London Metals Exchange.

Investors will be able to purchase tokens close to the toke production cost, which is presently estimated at $1.98. Cuprum believes token holders will be able to sell the tokens for $7.50, marking a significant payback opportunity. As copper prices rise, the payback has the potential to increase.

Public Sale Coming

A public sale will be held from Sept. 15 to Nov. 15 at a starting price of $3.00 backed with 1 kg of copper. A token purchase can earn interest up to 250% based on an increase to $7.50 by 2020.

The price on the Cuprum exchange, cuprumtoken.io, is expected to be between $6 and $8 by Nov. 15, 2019.

Tokens can be purchased with bitcoin, ETH, BNB, LTC, EUR, CHF and fiat currencies. A total 6 million tokens will be sold.

Cuprum will reserve 3,000 tokens, 50 of which will be distributed daily among buyers who purchase tokens daily. The exchange will randomly select two to 200 investors and distribute the day’s volume among them.

There will be a $16.975 million hard cap and a $1.5 million soft cap.

The soft cap of $1.5 million alone will yield one mining production module that can produce 500 tons of copper at a $3.75 million value, yielding $2.250 million interest to token buyers. Each module will process 500 tons of copper, valued at $3.75 million based on the forecast 2020 copper price.

The Cuprum Group team

The construction of the production facility is scheduled to begin in November of 2018.

The Cuprum token will allow the investing public an opportunity to profit from the global copper market.

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