WHITE PAPER
11::11 Coin Fractionalised Gold project and Hyper-Barter Exchange
Table of Contents:
1. Introduction
2. Abstract
3. Introduction to 11::11 Coin
4. How Does 11::11 Coin Work and Why is it Different?
5. How Does it Work as a Gold Standard Foundation for the Hyper-Barter Exchange?
6. Understanding Tethering to Gold
7. The Significance of Tethering to Gold
8. TOKENOMICS
9. ALOCATION OF FUNDS
10. Regulatory Compliance
11. Prelude
12. The Synergy of Traditional and Digital Economies
13. Market Statistics for Gold Trading
14. 11::11 Coin Market Predictions
15. Market Data and Predictions for Similar Gold-Backed Cryptocurrencies
16. Conclusion
17. References
18. Social Media
19. Press Releases
1. Introduction:
The 11::11 Coin is a groundbreaking gold-backed cryptocurrency that combines the stability and intrinsic value of gold with the convenience and security of blockchain technology. This white paper provides a comprehensive analysis of the 11::11 Coin, showcasing its potential to revolutionize the fundraising process for gold mining startups and its unique features in the financial ecosystem. By tethering its value to gold, the 11::11 Coin offers stability, trust, and transparency, attracting a wide range of sophisticated investors who are seeking a secure and efficient method of investing in the gold mining industry. Additionally, the integration of 11::11 Coin with traditional financial systems and the use of a digital promissory note called HYBX further enhance its value and usability. Overall, the 11::11 Coin presents a compelling investment opportunity for sophisticated investors looking to diversify their portfolio with a real-world crypto project that combines the best of both traditional and digital economies.
2. Abstract:
This corporate white paper delves into the concept of having 11::11 Coin tethered to gold, explaining its significance and the unique advantages it offers. By combining the trustworthiness of gold with the innovation of digital currencies, 11::11 Coin provides stability, convenience, and a bridge between traditional and modern economic practices. The paper also explores the impact of tethering 11::11 Coin to gold and the issuance of HYBX tokens. https://dapps.alltra.global
3. 11::11 Coin In the realm of digital currencies:
11::11 Coin shines as a beacon of innovation and stability. Unlike other cryptocurrencies, its value isn’t solely determined by market forces, but rather, it is intrinsically linked to the timeless allure of gold. This section explores the concept of tethering 11::11 Coin to gold and its implications for the cryptocurrency landscape. It highlights that 1 11::11 Coin is equal to 1/1000 of 1 Oz of Fine Gold and can be redeemed as such starting from December 25, 2025 https://dapps.alltra.global.
The 11::11coin Gold Backed cryptocurrency has the potential to revolutionize fund raising for startup gold mining operations and projects by providing a secure and efficient method of raising capital. Traditionally, gold mining startups face significant challenges in securing funding due to the high-risk nature of the industry and the capital-intensive nature of mining operations. However, the introduction of a Gold Backed cryptocurrency like 11::11coin could overcome these obstacles and bring about a new era of fundraising for gold mining ventures.
Firstly, the Gold Backed nature of 11::11coin ensures that each coin is backed by a certain amount of physical gold. This provides investors with a level of security and confidence in their investment, as they know that the value of their coins is directly linked to the price of gold. This feature could attract a wide range of investors who are interested in the potential upside of investing in gold mining projects but are hesitant due to the inherent risks involved.
Additionally, the use of a cryptocurrency like 11::11coin would streamline the process of raising funds for gold mining startups. Currently, raising capital for such projects involves lengthy and complex procedures, such as conducting extensive due diligence, negotiating with potential investors, and dealing with regulatory requirements. By utilizing a Gold Backed cryptocurrency, these processes could be simplified and made more efficient, reducing the time and costs associated with fundraising.
Furthermore, the Gold Backed 11::11coin could also streamline Gold forward purchase agreements. Gold forward purchase agreements are contracts between a mining company and a buyer, where the mining company agrees to supply a certain amount of gold at a future date at a predetermined price. These agreements are commonly used in the gold industry to hedge against price fluctuations. By using a Gold Backed cryptocurrency, the process of entering into and executing these agreements could be simplified and made more transparent, reducing the need for intermediaries and increasing efficiency.
In summary, the 11::11coin Gold Backed cryptocurrency has the potential to revolutionize fundraising for gold mining startups by providing a secure and efficient method of raising capital. The Gold Backed nature of the coin ensures investor confidence, while the use of a cryptocurrency streamlines the fundraising process and simplifies gold forward purchase agreements. Overall, the introduction of the 11::11coin could bring about a new era of innovation and growth in the gold mining industry.
4. How Does 11::11 Coin Work and Why is it Different?
11::11 Coin is a cryptocurrency stable token backed by 100,000.00 oz of gold, guaranteeing that the token is backed by an equivalent amount of physical gold. This guarantee is established through a forward purchase agreement with a gold mine. This section explains the mechanics of how 11::11 Coin works and highlights its uniqueness compared to other cryptocurrencies. It also discusses the efforts of Ozz Metals Ltd to enhance the guarantee of redemption by targeting and acquiring low volume commercial gold mines.
5. How Does it Work as a Gold Standard Foundation for the Hyper-Barter Exchange?
This section introduces the special feature of 11::11 Coin, the issuance of its own promissory note called HYBX. It explains the functionality of the HYBX token and its use as a promissory note. It also highlights the HYBX Mint function of the 11::11 Smartcontract. Additionally, it explains how HYBX tokens can be used in the Hyper-Barter Exchange for transactions and participation in the crypto market.
In the context of a financial ecosystem, 11::11 coin can act as the foundation for a Gold Standard-based system by representing a digital version of gold. As each 11::11 coin is equivalent to a specific quantity of gold, it provides a direct link between the digital currency and the precious metal. This ensures that the value of the 11::11 coin remains stable and reliable, as it is backed by the inherent value of gold.
By issuing HYBX as a digital promissory note, the financial ecosystem can leverage the stability of the Gold Standard currency to create a secure and trustworthy means of exchange. HYBX can represent a digital representation of a promissory note, where each unit represents an obligation to pay a specific sum of money in the future. This digital promissory note can then be used as a form of modern cash, facilitating transactions within the ecosystem.
The combination of 11::11 coin as a Gold Standard currency and HYBX as a digital promissory note creates a robust and reliable financial ecosystem. The Gold Standard ensures stability and value preservation, while the digital promissory notes facilitate efficient and secure transactions. This foundation allows for the development of a modern financial system that incorporates the benefits of both traditional gold-based currencies and digital technology.
6. Understanding Tethering:
Gold Tethering refers to the process of anchoring the value of a digital currency to a physical asset, in this case, gold. This section provides an explanation of tethering and its significance in the context of 11::11 Coin. It emphasizes that 1 11::11 Coin represents 1/1000 of 1 Oz of Fine Gold and can be redeemed as such starting from December 25, 2025. It also explains the use of price oracles to maintain the value of the token in sync with the current market price of gold.
The ALLTRA SmartChain EVM (Ethereum Virtual Machine) has the capability to tether to the price of gold through the use of oracles. Oracles, which are external data sources that provide real-world information to smart contracts, can be leveraged to achieve this functionality. Here’s a revised explanation of how the ALLTRA SmartChain EVM can accomplish this:
Data Source: The smart contract on the ALLTRA SmartChain EVM is connected to a combination of trusted and reliable data source that supply real-time or periodically updated gold price information. This data sources are a APIs from reputable gold exchanges or a decentralized oracle network that aggregates gold price data from multiple sources.
Price Update: The 11::11 coin smart contract is programmed to regularly fetch the latest gold price data from the chosen data source stored on the ALLTRA SmartChain. This can be triggered by specific functions or events within the smart contract code.
Validation and Calculation: Upon receiving the gold price data, the smart contract on the ALLTRA SmartChain EVM validates and process the information. We employ various algorithms or methodologies to calculate the average or specific price based on the received data.
Storage and Tethering: The calculated gold price is be stored within the smart contract’s state variables or as a specific variable representing the current price of gold. This value serves to tether the smart contract to the price of gold.
- Functionality and Interactions: The 11::11coin smartcontract on the ALLTRA SmartChain EVM can incorporate various functionalities and interactions based on the tethered gold price. For instance, it can enable the creation or redemption of tokens representing a specific quantity of gold based on the current price. The 11::11 Coin Contract has also been programed to issue (mint) HYBX when it arrives at a user's wallet for the first time. This a unique and important feature.
It is crucial to ensure the accuracy and reliability of the chosen gold price data source and the oracle mechanism used to maintain the integrity of the tethered value. Additionally, the smart contract on the ALLTRA SmartChain EVM is a Dpos Consensus Blockchain be designed with robust security measures to mitigate potential risks and vulnerabilities associated with external data sources.
7. The Significance of Tethering to Gold:
This section discusses the historical trust in gold and its recognition as a trusted store of value. It explains how tethering 11::11 Coin to gold inherits this trust and stability, providing investors with a sense of security amid the volatility of the cryptocurrency market. It also highlights the stability and reliability offered by 11::11 Coin due to its connection to gold. It mentions that 1 11::11 Coin is equal to 1/1000 of 1 Oz of Fine Gold.
Tethering 11::11 coin to gold holds significant significance in the financial ecosystem. Here are a few key points regarding the importance of this tethering:
1. Stability: Tethering 11::11 coin to gold ensures stability in its value. Gold has historically been considered a stable and reliable store of wealth, making it an ideal asset to back a digital currency. This stability provides confidence to investors and users of 11::11 coin, as they know that the value of their holdings is directly linked to the price of gold.
2. Intrinsic Value: Gold possesses intrinsic value due to its scarcity and desirability. By tethering 11::11 coin to gold, it inherits this intrinsic value, making it an attractive investment option for individuals who are interested in the potential upside of gold mining ventures. This creates a strong foundation for the financial ecosystem built around 11::11 coin.
3. Hedging against Inflation: Gold has historically been used as a hedge against inflation. By tethering 11::11 coin to gold, it provides an avenue for individuals to protect and preserve their wealth in times of economic uncertainty and inflationary pressures.
4. Trust and Transparency: Tethering 11::11 coin to gold enhances trust and transparency in the financial ecosystem. Investors and users can have confidence that the value of their digital assets is directly linked to a tangible and globally recognized asset like gold. This transparency helps in building trust and attracting a wider range of participants to the ecosystem.
5. Integration with Traditional Financial Systems: Tethering 11::11 coin to gold allows for seamless integration with traditional financial systems. The value of gold is universally understood and accepted, making it easier to incorporate 11::11 coin into existing financial frameworks, facilitating transactions and investments. https://checkout.alltra.global.
Overall, the significance of tethering 11::11 coin to gold lies in the stability, intrinsic value, hedging capabilities, trust, and integration it brings to the financial ecosystem, creating a reliable and attractive digital asset for investors and users alike.
8. TOKENOMICS 11::11 Coin Tokenomics in Brief Total Supply:
There are 1,000,000 11::11 Coins minted. Gold Backing: Each 11::11 Coin represents 1/1000 of 1 ounce of gold. Value Tethering: The tokens are tethered to the value of 100,000 ounces of gold priced at the London Spot gold price per ounce using an oracle. Airdrop: After purchasing an 11::11 Coin, you will be invited to airdrop your HYBX issuance.
HYBX Issuance: Each issuance mints 4 HYBX tokens for every 1 new 11::11 Coin in your wallet. Swapping HYBX: HYBX tokens can be swapped for ALL coin at the market price at any time. https://dapps.alltra,global
Liquidity Pool: HYBX tokens can also be added to DEX liquidity pools on platforms like Uniswap and
other DEX exchanges.
ALL Coin Usage: ALL coin can be used to build projects on the ALLTRA SmartChain and launch new
tokens on the ALLTRA SmartChain.
Exchange Listing: ALL coin is currently listed on small exchanges.
This section mentions the registration of Ozz Metals Ltd T/A Hyper-Barter Exchange and the 11::11 token with AUSTRAC, highlighting the commitment to transparency and accountability. It explains that the registration is necessary to meet regulations and reporting requirements set out by AUSTRAC to protect the Australian Community and 11::11 owners.
Strong regulatory compliance is of utmost importance for any organization, especially in industries like finance and precious metals. Ozz Metals, being ASIC (Australian Securities and Investments Commission) and AUSTRAC (Australian Transaction Reports and Analysis Centre) approved under Australian Law, highlights its commitment to adhering to regulatory requirements. These approvals ensure that Ozz Metals operates within the legal framework, maintaining transparency, accountability, and integrity in their operations. Compliance with regulatory standards helps protect investors, customers, and stakeholders, fostering trust and confidence in the organization. It also safeguards against illicit activities such as money laundering and fraud. Ozz Metals’ dedication to regulatory compliance demonstrates their commitment to ethical practices and contributes to the overall stability and credibility of the financial and precious metals industry.
ASIC (Australian Securities and Investments Commission): Link
AUSTRAC (Australian Transaction Reports and Analysis Centre): Link
10. Prelude This section emphasizes the groundbreaking fusion of stability and trust associated with gold and the convenience and security of digital currencies offered by 11::11 Coin. It also mentions the empowerment of business owners and merchants through the ALLTRA SmartChain, enabling them to trade surplus capacity and offset expenses while gaining new customers.
11. The Synergy of Traditional and Digital Economies This section discusses the convenience of digital assets provided by 11::11 Coin through blockchain technology. It highlights the trust in precious metals enhanced by crypto innovation and the bridge between traditional and digital economies. It also mentions the benefits of accepting crypto payments for merchants, such as access to a wider customer base, reduced transaction fees, faster and borderless transactions, enhanced security and privacy, exposure to early adopters and tech-savvy customers, diversification of payment options, potential for value appreciation, and integration with web3 features.
- The 11::11 Coin leverages blockchain technology to provide a convenient and efficient platform for digital asset transactions.
- Traditional economies can benefit from the integration of digital assets like 11::11 Coin, as it offers a secure and transparent method of transferring value.
- Blockchain technology enables instant and borderless transactions, eliminating the need for intermediaries and reducing transaction costs.
- 11::11 Coin bridges the gap between traditional and digital economies by offering a Gold Backed cryptocurrency, combining the stability of gold with the convenience of digital assets.
- Through the use of 11::11 Coin, traditional economies can access the benefits of digital assets, such as ease of use, faster transactions, and increased liquidity.
- The blockchain technology underlying 11::11 Coin ensures transparency and traceability, enhancing trust and confidence in the digital economy.
- The convenience of digital assets provided by 11::11 Coin allows for seamless integration with existing financial systems, facilitating the transition from traditional to digital economies. https://checkout.alltra.global https://alltra.world
- The synergy between traditional and digital economies offered by 11::11 Coin opens up new opportunities for fundraising, gold forward purchase agreements, and the overall growth of the gold mining industry.
12. Market Statistics for Gold Trading:
This section presents market data on the global gold trading market. It highlights the value of the market in 2023 and the projected compound annual growth rate from 2024 to 2027. It indicates the growing interest in gold as a secure investment option.
Over the past 11 years, the gold market has experienced significant shifts and fluctuations in response to various economic, political, and global events. The global financial crisis of 2008 was a turning point for the gold market. As investors sought safe-haven assets, the price of gold surged to reach an all-time high of around $1,900 per ounce in September 2011.
Following this peak, gold entered a multi-year downtrend, mainly driven by improving global economic conditions and a strengthening U.S. dollar. From 2011 to 2015, gold prices steadily declined, reaching a low of around $1,050 per ounce in December 2015.
However, the following years brought renewed uncertainty and volatility, leading to a resurgence in demand for gold as a safe-haven asset. Geopolitical tensions, such as Brexit, trade wars, and the ongoing economic uncertainties, pushed gold prices back up. By August 2020, gold prices surpassed the previous high, reaching a record-breaking level of around $2,070 per ounce.
The COVID-19 pandemic in 2020 further intensified the demand for gold as a safe-haven asset, as investors sought stability amidst the economic turmoil caused by the global health crisis. Despite some fluctuations, gold prices remained relatively high throughout 2020 and into 2021.
Additionally, the last 11 years have witnessed significant developments in the gold market, including the rise of digital and blockchain-based gold investments. These innovations have made it easier for investors to access and trade gold, contributing to the overall growth and evolution of the gold market.
In summary, the gold market has experienced a rollercoaster ride over the last 11 years, with highs and lows driven by economic conditions, geopolitical events, and investor sentiment. It has remained a valuable asset for investors seeking stability, particularly during times of uncertainty and volatility.
13. 11:11 Coin Predictions This section provides general price predictions for 11::11 Coin, based on market analysis and expert opinions. It emphasizes the stability of gold prices, the adoption rate of the cryptocurrency, and market demand. It advises individual research and consideration of market volatility before making investment decisions. It also mentions the potential for 11::11 Coin to become a transparent alternative fundraising instrument for commercial enterprises like gold mines.
14.Market Data and Predictions for Similar Gold-Backed Cryptocurrencies: This section compares 11::11 Coin with other gold-backed cryptocurrencies, namely Tether Gold (XAUt), Digix Gold Token (DGX), and Paxos. It discusses the features and market performance of these cryptocurrencies, highlighting their use as alternatives to traditional gold investments. Comparable Crypto growth chart –NOTE: Market Depth and Volume Tether Gold. Market cap + 0.75% $754,970,109 Volume (24h) + 1.37% $5,610,324 Volume/Market cap (24h) 0.74% Circulating supply 246,524 XAUt Total supply 246,524 XAUt Max. supply -- Fully diluted market cap $754,970,109
15. ALOCATION OF FUNDS: The funds raised through coin sales, target hard cap $33 000 000.00, will be strategically allocated to various areas, ensuring the seamless execution of our growth plans.
The breakdown of the capital raised, and its assigned applications are as follows:
Wallet Addresses to note:
0xbD0B9Bf4d959EF8e69fD0644D512f86fAD23782D 75,702,708.173 11::11 75.7023% FOUNDATION ADDRESS and reserve.
0xED2789D4f052d68a0018b37Df1AD497c50255c88 9,999,593.473 11::11 9.9995% Locked in Escrow for private sale. (A further 20 000 000.000 11::11 Coin will be made available for sale at a 50% discount to support a $30 000 000.00 Liquidity raise) Bringing the Total to 29 999.593 available for ½ spot price.
0x07063BFaBbCf8733Bd6570eFA3e38113f09251c15,004,643.071 11::11 5.0046% FIAT Onboarding LP.
0xf64Ad4d3b0457BaEAd6EeF89e450Eac485caDcC2 1,847,298.181 11::11 1.8473% Whale account Frozen for 1 year.
The following Group belong to 1 Investor Group:
Accounts escrowed until 1 January 2026.
0xe7543a892928f1D7C6BC02946A12749F5C350156 780,000 11::11 0.7800%
0xf0fAaD23Acb4c4d1C192Cfd74f316c16Cf158794 287,500 11::11 0.2875%
0x118b37bC7B1B92D614a3Eb451cd0Ee4059De34C7 263,945.038 11::11 0.2639%
0xe2D4fA4347f21A1b6e6e67dbD688f30b6ef12Bc8 200,000 11::11 0.2000%
This coin sale-based capital raise and the acquisition of targeted gold exploration company opportunities that align with the Ozz Metals Ltd.’ long-term vision of diversification and expansion within the cryptocurrency and precious metals sectors. For more information about the coin sale and investment opportunities, please visit our website at https://alltra.world/11::11coin About Ozz Metals Ltd. T/A Hyper-Barter Exchange. And 11::11 Fractionalised distribution of Gold Ozz Metals Ltd. T/A Hyper-Barter Exchange. And 11::11 Fractionalised distribution of Gold is a leading financial technology company specializing in cryptocurrency solutions, offering innovative products and services to a global clientele. With a strong focus on security, transparency, and user experience, we aim to revolutionize the way individuals and businesses engage with digital assets.
16. Conclusion:
This section concludes that the 11::11 Coin demonstrates promising potential in the cryptocurrency market due to its unique combination of gold stability and blockchain technology. It emphasizes the need for individual research and consideration of market volatility before making investment decisions.
So, in conclusion, tethering the 11::11 coin to gold brings numerous benefits and significance to the financial ecosystem. By linking its value to gold, the 11::11 coin offers stability, intrinsic value, and a hedge against inflation. This tethering also enhances trust and transparency, as the value is directly tied to a globally recognized asset. The integration with traditional financial systems becomes seamless, allowing for wider acceptance and usability. Through the use of oracles, the ALLTRA SmartChain EVM can facilitate the tethering process, ensuring reliable and accurate gold price data. Overall, the combination of 11::11 coin and gold create a powerful synergy, providing a secure, stable, and valuable digital asset for investors and users in the modern financial landscape.
17. References:
This section provides references for further reading and research, including sources for market data, price predictions, and information on similar gold-backed cryptocurrencies.
https://checkout.alltra.global
https://coinranking.com/coin/xUaXbcubt+alltracoin-all
18. Social Media:
11::11 Token; Fractional Distribution of Gold Project: Overview | LinkedInhttps://t.me/Alltrateam https://twitter.com/BarterHyper
19.Press Releases.
Ozz Metals Ltd Press releases:
1 - 9 of 9 Press Releases ALLTRA SmartChain Upgrade to Spead Up transactions and improve end user experience Jan 12, 2024 ALLTRA SmartChain Announces Imminent Blockchain Upgrade ALLTRA SmartChain, a leading provider of blockchain solutions, is pleased to announce that an imminent upgrade to its blockchain network has been scheduled. Gold-backed cryptocurrencies offer stability Dec 18, 2023 As gold has historically been considered a reliable store of value, a gold-backed cryptocurrency provides stability in times of economic uncertainty or market volatility.
11:11 Coin Christmas Special Gold OfferDec
18, 2023 Unleash the Magic of Savings with the 11:11 Coin Christmas Sale! 11::11 Coin Rapid GOLD Express Checkout Dec 18, 2023
Introducing the Revolutionary "Rapid Gold Express Checkout for 11::11 Coin" App: The Simplicity of Instant Purchases at Your Fingertips What Is Alltra World And What Are 11::11 Coins? How Do They Fit In? Nov 20, 2023 "In the grand tapestry of the cryptocurrency world, three shining stars — 11::11 coin, HYBX, and ALL coin — have captured many an investor's gaze.
11::11 Coin has an exciting new website Nov 17, 2023
11::11 Introduces New Website Highlighting 11::11 Coin's Function as a Gold-Backed Currency ChatCoin Pioneers the Future:
ChatCoin ReleaseNov 08, 2023Presale Unveiled on the Innovative ALLTRA Smart-Chain:
Australia – ChatCoin, the trailblazing meme cryptocurrency, is ushering in a new era of crypto innovation as it embarks on its groundbreaking Presale launch.
Alltra.world, HYB-ALL Merged Website Nov 07, 2023 ALLTRA.WORLD and HYB-ALL Merge to Form a Powerful WEB3 Infused SaaS Business Hub and Marketing Resource Platform
ALLTRA SmartChain Launches IEO for ALL Coin on NexDax Exchange Nov 06, 2023 Gold Coast – Queensland AUS: a leading blockchain technology company, is thrilled to announce the launch of its Initial Exchange Offering (IEO) for Alltra Coin on the renowned NexDax Exchange. The IEO, set to take place on November 7th, 2023
