Brazilian startup launches NFTs backed by gold extraction and wants to expand the use of utility tokens for other commodities
The Brazilian startup Pepita Global made official this week the launch of the Pepita Utility Token, which is a non-fungible token ( NFT ) backed by the extraction and proof of background of gold units that go to the market. In all, the program includes 28.8 million tokens, released in an amount of 1.44 million per year and upon proof of proof of ballast, according to what informs the company's official page.
According to the project's official graph, 28.5% of the tokens will be destined for production, 20.5% will be concentrated in a reserve fund, 10% will be converted into market opening, 10% into technology, 7% into ESG , 5% on innovation while the remainder split between board, suppliers, founders, insurance, NFT and exchange.
According to the presentation of the platform monitoring of the BNB Chain network this Tuesday (9), the 28.8 million Pepita tokens are distributed among 212 wallets, 27.36 million (95%) of which are concentrated in a single wallet.--nbsp ;
According to the company, “The Pepita Utility Token uses a second-layer corporate blockchain, increasing security by ensuring the integrity of data stored on the Bywise corporate blockchain through the immutability proof algorithm.” Which, according to the startup, represents a guarantee of immutability in transaction records and that brings security and legitimacy to the traceability process.
"NFT Pepita Utility Token represents an important milestone in our history of innovation and transparency. With it, we offer even more security and reliability to our customers, who can now be sure that their funds are protected", commented the CCO of Pepita Utility Token. Rodrigo Mentor in one publication da Exame.
The company also highlighted the possibility of using tokens as payment and the possibility of “innovation in different areas, such as the traceability of commodities and the use of NFTs to guarantee the validation of funds and guarantees in real time.”
At the end of March, Fênix DTVM, a financial services company specializing in the gold market founded in 2020, sold the country's first blockchain-tracked gold bar, as per reported Cointelegraph Brasil .
