Please explain how 11::11 is different to Bitcoin or Ethereum or Shib Inu
Certainly! and "How 11::11 coin has a BRIGHT future".
Let’s delve into the
differences between 11::11 and
the other mentioned cryptocurrencies.
"In the vast cosmos of digital currencies, a few stars shine especially bright: Bitcoin, Ethereum, Shib Inu, and our golden beacon, 11::11.
The first major and most obvious of the differences is that the 11::11 token represents one - one thousandth (1/1000) of an ounce of Australian Gold. Acquired by Ozz Metals Ltd by way of traditional forward purchase agreements with operating Australian Gold Mines.
The initial forward purchase agreement is for 100,000 troy ounces of 24 ct Gold, which will be mined and delivered by mining operations in Australia by the end of 2024.
But how does our gold-tethered luminary differ from its renowned counterparts? Embark with me on a journey to distinguish these stellar entities!"
At its heart, 11::11 is tethered to gold, offering a unique stability in the tumultuous crypto space. For every 11::11 coin in circulation, there's a promise of real gold backing it up in a vault somewhere. This makes it somewhat resistant to the wild price swings commonly seen in the crypto market.
Bitcoin, on the other hand, was the pioneer, the first cryptocurrency. It was designed as a decentralized, digital alternative to traditional currencies. Its value isn't tied to any physical commodity, but rather to its pioneering role, limited supply, and widespread acceptance.
Ethereum isn't just a coin; it’s a platform. While it does have its native cryptocurrency called Ether (ETH), Ethereum's true value is in its ability to facilitate the creation of decentralized applications (dApps) and smart contracts. It’s like a digital playground where developers can create their own games.
Shib Inu started as a meme coin, inspired by Dogecoin and named after a dog breed. Its origin was more playful, and it wasn't necessarily created to revolutionize finance or technology. Yet, its community-driven nature and vast popularity have given it value in the market.
In essence, while Bitcoin, Ethereum, and Shib Inu have their roots in decentralized technology, digital value, and community spirit, 11::11 distinguishes itself by grounding its worth in the time-tested value of gold.
"From the pioneering spirit of Bitcoin to the golden anchor of 11::11, each cryptocurrency offers a unique narrative in the digital realm. As we gaze upon these stars, we're reminded of the diverse stories, purposes, and values they bring to our digital universe. Chart your course wisely in this vast crypto galaxy!"
EXTENDING THE FUTURE OF 11::11 Coin - by providing funding through tokenisation of assets - empowering local Indigenous communities - taking control of their own resources and future.
WELCOMING the People of Mt Kare and Their Story –
The dawn of a new era of mining and communities in PNG- A 40-year dream finally being realised!
THIS IS AN AMAZING STORY ABOUT HOW COMPANY AFTER COMPANY HAVE COME TO MINE MT KARE BRINGING THEIR GREED AND CORRUPTION AND HAVE FAILED FOR THE LAST 40 Yrs.
Papua New Guinea is one of the most mineral-rich nations on the planet. In December 2022, Papua New Guinea had 1,100,000 metric tons of gold reserves. This was the same as the previous year on record.
In a quintessential “First of its kind” venture, landowners will mine their own resources in PNG. The people of Mt Kare are excited about the news that development is finally coming, through a landowner mining company and their collaborative partners (and Ozz Metals) are deeply invested in respecting their rights and interests.
Project stability has readily been identified as a major factor discouraging international business investment in many marginalised countries like PNG.
There is an overwhelming positive response from the traditional landowners of Mt Kare. All 19 clans have come together to agree and enforce project stability because they are fully invested as project developers of their very own resources. This venture has a magnificently large projected worth in excess of USD $40bn
Excessively long land leases (up to 99 years) in exchange for meagre returns, rough treatment and no right of objection to the terms and conditions coupled with broken promises of the contract terms and leasing has impoverished and marginalised men, women and children, forcing them to live in very harsh conditions on land that is increasingly uninhabitable, as they have been precluded to live and thrive on their own land. What sets this project apart is there will no longer be the proverbial confusion of “who owns the land” as there is no land lease, the people will retain their land, as “the miners” in a history making venture with OZZ Metals and retain a share in excess of 20%
Boasting one of the largest gold mining nations on the globe, opaque communications with past management and major mining companies manipulating systems to disenfranchise landowners from their own resources, has negated their access to, or awareness of the full process involved in mining, diminishing their economic benefit to a mere 2-5%, whilst management and developers receive 95-98%.Which is tantamount to cheating and stealing add further insult to that with the true landowners being neglected whilst benefit has been sequestered to misidentified landowners.
2 key missing ingredients have precluded landowners from developing their resources (a) money, (b)technical skills. The landowners have lacked capacity in mining expertise
SEE ALSO - https://alltraverse.com/gold-launchpad/
