Do you know how much gold is in one mine? Here’s how experts find out

The popularity of investment assets has shifted over time, from gold and other precious metals throughout much of recent history, to real estate and financial assets such as commodities, and finally, to digital assets and cryptocurrencies over the past few years.

Gold, however, has maintained its status as one of the most valuable assets for investment for generations. The demand for gold investments comprises a large part of the demand for gold, and as a result, roughly half of the gold mined in the world is stored in bank vaults as a backing asset or as collateral. This model is problematic as mining is an energy-intensive and environmentally destructive process. One ounce of gold mined corresponds with emissions of up to 800 kilograms of greenhouse gases on average. That the mining of gold and other metals results in an estimated 180 million tons of toxic waste into water bodies such as rivers and oceans each year is just one example of how the mining process contaminates important ecosystems. Due to the inefficient and environmentally destructive nature of mining, pressure to reduce carbon emissions and collateral damage to the environment is weighing on the gold industry.

That being the case, what if it was possible to unlock the value of gold without ever mining it since many gold investments do not require any allocation of physical gold? We at Nature’s Vault have explored that possibility and now we offer a new approach to gold investment in the form of a new gold-linked asset class that monetizes the preservation of in-ground gold deposits. rOur first token, $LEGACY, is linked to a minimum of 1/100th of a gram of gold preserved in the ground. We refer to this preservation of in-ground gold as NaturesGold™, and we monetize it via tokenization in order to finance the avoidance of unnecessary mining, ultimately reducing its negative impact. $LEGACY token holders have the opportunity to benefit from a gold-linked investment, while also avoiding contributing to the environmental damage associated with gold mining, as well as digital, Proof of Work mining.

But in order to tokenize gold assets they must first be quantified, so how is this done, and, most importantly, how is the amount of gold verified if it is never mined?

At Nature’s Vault, we’ve developed a patent-pending methodology that starts with the acquisition of mining rights to legally stake a claim on in-ground and quantifiable gold deposits. Mining experts in our team first identify and evaluate gold deposits located in pristine areas likely to be targeted for gold mining. Then, to establish control over the mining rights to the area, a dedicated legal entity acquires these rights with a transparent governance framework.

Because we acquire patented mining rights, we own the mining rights in perpetuity. This is pursuant to our commitment not to mine and ensures that the gold deposits we acquire remain unencumbered as the mining rights are irrefutable, owing to their being tracked on the blockchain.

To quantify the gold deposits, we rely on the most trusted methods in the industry that subscribe to globally accepted standards for investors large and small to evaluate public mining companies. These standards outline the minimum qualifications, evidence, and analysis required to produce technical reports estimating in-ground mineral resource quantities. They are governed in Canada by National Instrument (NI) 43–101 and in Australia by the Joint Ore Reserve Committee (JORC).

These reports are based on detailed drilling reports and comprehensive, standardized technical analysis. They are validated by geological experts, are exhaustively documented, and are widely accepted as fit-for-purpose and reliable.

We specifically target gold deposits for which these technical reports already exist. Without them, it wouldn’t be possible for us to provide proof of our claim that the in-ground gold has been quantified, let alone tokenize the preservation of this in-ground gold.

For Nature’s Vault, the purpose these reports serve is not only to quantify the amount of preserved gold linked to each token but also to provide token holders with the transparency that is often not available with traditional gold investments. Blockchain is not only fundamental to securing our ownership of mining rights, but also to ensure that each token is linked to the exact amount of in-ground gold that it represents.

We hope that eventually, our new model of tokenizing and monetizing in-ground gold deposits becomes a dominant investment model, one more popular than its predecessor, traditional gold investment. By preserving gold in the ground and incentivizing the avoidance of mining, we see ourselves playing a large role in helping to reduce carbon emissions and in achieving a net-zero future.

Nature’s Vault is an ESG finance platform designed to accelerate the funding of impact investments to combat climate change and ecosystem damage. Launched this year, Nature’s Vault expects to be one of the first to create a blockchain-powered platform to tokenize projects focused on preserving Natural Capital — the planet’s natural resources and the ecosystem services they provide. The company’s first project involves avoiding the environmental impact and carbon emissions caused by gold mining while utilizing tokenization to preserve in-ground gold deposits. Nature’s Vault has operations and a presence in North America and Asia.

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The Devastating Impact of Gold Mining Worldwide: Is There Any Hope in Sight?

Gold is the world’s oldest precious metal. We regard it as a worldwide currency, a commodity, an investment, and simply an item of beauty. Moreover, Gold has a long and rich history of use in various industries. It has consistently outperformed other assets, owing to its unique qualities as one of the most malleable and ductile metals with a high melting point and great recyclability.

Unfortunately, the process of extracting gold is devastating. Gold mining is among the most environmentally damaging industries. It has displaced populations, tainted water, harmed workers, and damaged natural habitats across the globe. Moreover, it releases mercury, and other hazardous elements, which severely harm critical ecosystems.

Gold Mining’s Rising Environmental Problems

Industrial gold mining has a history of destroying ecosystems and generating pollutants in massive volumes. Firms produce around 20 tons of hazardous waste for every 0.333-ounce of gold due to filthy mining techniques such as open-pit mining. This waste, which is typically gray sludge, contains lethal chemicals and heavy metals.

Furthermore, gold miners often discharge poisonous waste into natural water bodies. For example, the Lihir gold mine in Papua New Guinea pours almost five million tons of hazardous waste into the Pacific Ocean, killing corals and other marine life. Every year, gold and other metal mining companies dump at least 180 million tons of trash into rivers, lakes, and seas, which is more than 1.5 times the amount of garbage that cities in the United States send to landfills.

Acid mine drainage is also an issue that causes ecological degradation in watersheds. It’s difficult to contain once the acid-generating rock is broken and exposed to oxygen and the surface environment. It can last for tens of thousands of years until the accessible sulfide minerals are depleted. The use of mercury in gold mining wreaks further havoc on human health and the environment across the world. It is used to extract gold and is a poisonous chemical that affects natural habitats.

Fixing the Problems with Blockchain Technology

Although various governments and global environmental summits have put forth plans to conserve nature, there has been limited effectiveness on the ground. Moreover, there haven’t been any opportunities to have a more direct and specific positive influence on the environment. Even the existing tools and resources have failed to aid in the resolution of this growing problem.

However, a ray of hope is now emerging, thanks to blockchain technology, which has enabled companies to build innovative solutions that help mitigate persistent environmental issues. And with this advantage of blockchain, we at Nature’s Vault are accelerating investment opportunities in ESG Impact and Natural Capital. Our mission is to start a movement to change the way we all invest in our planet.

For our first project, we have developed a tokenization protocol that monetizes the indefinite preservation of natural gold deposits which provides a gold-linked investment opportunity while simultaneously curbing the environmental and social impact of gold mining.

The $LEGACY token is created through NaturesGoldTM, our very own protocol of tokenizing independently quantified, in-ground gold deposits. Users can stake and earn using these tokens, with each token linked to a minimum of 0.01 grams of gold preserved in the ground. With this fantastic product, our objective is to revolutionize gold mining and provide a new way to achieve a sustainable future.

The extraction of metals such as gold has significantly contributed to the destruction of Mother Nature. While governments and organizations have put measures in place, they have had limited effectiveness, and innovative and impactful initiatives are desperately required now. As a result, we are experiencing massive environmental degradation and rapid climate change.

There is still hope, though. And we at Nature’s Vault are doing our part to save the environment. While most other Web3 projects are interested solely in riding the hype train, we have been super focused on tackling real-world issues.

Ensuring that the planet is a better place to live for future generations should be the ultimate objective. Thanks to blockchain and the solutions that this technology is enabling, Nature’s Vault is now doing its part to make that a reality.

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The Damage Gold Mining Causes to the Environment is Worse Than You Think

Gold is one of the most valued precious metals and a highly sought-after commodity. This natural treasure is alluring due to its store of value and has managed to maintain both cultural and economic significance for thousands of years. It’s so valuable that around 205,238 tonnes of gold have been mined throughout history. In fact, the year 2021 alone accounted for 3,000 metric tons of global gold output. This massive demand for gold as a metal and a commodity is unlikely to change in the near future.

However, most people have no idea of the detrimental impact of its extraction and mining processes. Some may be aware that gold mining is one of the most environmentally damaging industries; however, the devastating social impacts of mining are not often talked about. The process has the potential to displace populations, taint drinking water, harm workers, and damage natural habitats. It pollutes water and soil with mercury, cyanide, and other destructive chemicals, putting people’s health and ecosystems at risk.

In order to reduce gold mining, we are introducing an alternative to traditional gold investments by tokenizing gold preserved in the ground. We created a proprietary, blockchain-based system to preserve unmined resources through digital token issuance, with the goal of unlocking the value of in-ground mineral assets such as gold but without causing the environmental and climate change consequences of mining.

The large-scale process of extracting gold causes devastating impacts on both animal and human populations. Severe water contamination is a major problem whereby water bodies are destroyed when cyanide and other dangerous chemicals are used to leach gold from ores or are created as a byproduct of the mining process.

As a result, communities living near gold mines may be unable to utilize local water resources without expensive treatment and purification. Cyanide, a chemical often used in the gold leaching process, is highly poisonous; a human exposed to it can die from a dosage the size of a single rice grain.

Furthermore, the gold mining business contributes to massive carbon emissions. Global greenhouse gas (GHG) emissions from gold mining exceed 100 Mt CO2-e per year, with national emissions intensities ranging from 129 to 2,754 kg CO2-e/oz.

Another problem associated with gold mining is acid mine drainage, which occurs when the subsurface rock is exposed to air and water for the first time. This acidic water can be 20 to 300 times more concentrated than acid rain, making it deadly for aquatic life exposed to the acidic runoff. Beyond that, gold mining releases significant amounts of mercury, as well as cadmium, lead, zinc, copper, arsenic, and selenium. These substances further deteriorate the surrounding environment.

Tokenizing Gold to Eliminate Mining Effects

Despite gold mining’s devastating environmental impact, authorities haven’t taken adequate steps to mitigate the problem. While existing technological innovations such as autonomous vehicles, remote operating centers, automated drilling, and tunnel-boring systems have helped in reducing the negative environmental impact of mining, we have yet to see a large-scale change in the mining industry.

The advent of blockchain technology, however, has the potential to create a greater impact. Its remarkable transparency and security are why we have chosen to address the environmental problems associated with gold mining through our first token, $LEGACY.

At Nature’s Vault, we focus on the preservation of Natural Capital, and with $LEGACY, we are doing so by tokenizing gold that we preserve in the ground through avoided mining. Natural Capital refers to the world’s ecosystem resources and the benefits that they provide, and the greater the damage caused to pristine environments such as those targeted for gold mining, the less Natural Capital we have.

What we find to be one of the most compelling aspects of this project is that we quantifiably preserve real gold underground. Users can stake and earn using these tokens, and each token will be linked to a minimum of 0.01 grams of gold preserved in the ground. We intend to acquire additional mineral concessions with the proceeds from $LEGACY tokens, which will also be used to back token issuance.

Creating a Positive Impact on the Environment

Few governments and corporations are tackling the most critical environmental issues, while the vast majority are still ignoring them. With the rate of loss of natural ecosystems increasing by the day, addressing this issue is an urgent necessity if we are to continue occupying what is, at present, an increasingly uninhabitable Earth. More action needs to be taken given our available resources and technological advancements, and we hope to inspire others by making the most of those that we have access to with projects such as $LEGACY and others in the future.

We are different because we are a company dedicated specifically to addressing these issues: our mission is to make the funding of impactful initiatives that combat climate change easier so that we can achieve a net-zero future. Ours is a new approach to effecting positive change to our environment, and investors can leverage our role in reducing the carbon footprint of the gold mining industry to meet their environmental, social, and governance requirements.

It’s impossible to completely reverse the damage caused by gold mining, but through the innovative use of blockchain and modern mining technology, we are confident that we can make a significant difference, thus preserving Natural Capital and leaving a legacy for future generations.

November was another significant month for us, with a key highlight being our invitation and participation at the B20 Summit, which coincided with the Global G20 Summit held in Bali this November. As the year draws to an end, we will be spending the next month preparing for the new year ahead, but not before we outline a few events and milestones worth sharing.

We have an exciting update regarding the Pistol Lake property, our first gold mine in Ontario, Canada. The independent quantification of gold deposits is the cornerstone of the Legacy Token tokenomics. We are happy to announce that we have finalized an updated NI-43101 technical report on Pistol Lake. The report was produced applying the latest and most stringent analytical standards and confirmed the estimation of 125,950 Troy ounces of in-ground gold preserved by and for Legacy Token holders. The updated 43-101 on Pistol Lake can be viewed here.

On the sales front, we have partnered with a leading Web 3.0 law firm in the United States and received a formal legal opinion on the status and classification of the Legacy Token. While processes and procedures are still a work in progress, we hope to start sales to US Persons early in 2023. We are very excited about this as the United States and overseas US Persons are both key markets for us that until now we have had to cautiously avoid. More updates to follow.

On the marketing front, our team traveled to Malaysia for an event hosted by Future Trends, a Malaysian investment collective, where Legacy Token was a spotlight project. The theme of the event revolved around the topic of responding to difficult market conditions by investing in alternative assets. Our environmentally friendly, gold-linked asset, Legacy Token was well received, and we are happy to welcome many of the Future Trends members into the Nature’s Vault community. 

We also spoke in a Twitter Space hosted by Spirals, who featured us on Staking Tuesday at the end of the month alongside other Regenerative Finance (ReFi) projects. Spirals is a protocol that allows token holders to stake their cryptocurrencies in exchange for Spiral’s green tokens, which in turn can be used to invest in ReFi projects such as Legacy Token. If you would like to take part with your ETH, USDC, cUSD, CELO, click here.

Our Presale of Legacy Token is still ongoing and available for purchase here.

Our CMO, Zach attended the Indonesia Fintech Summit in Bali with members of our marketing team where he met Changpeng Zhao (CZ), the Founder & CEO of Binance and a notable figure in the world of crypto. CZ gave an insightful talk on what we might expect in the crypto markets going forward following the collapse of FTX.  

In mid-November I had the privilege of speaking at the B20 Investment Forum, a side event of the B20 Summit. Along with our CFO, Russell, I also attended the summit and was among the 100 delegates to attend the Food Security Forum, which was hosted by General Wesley Clark and the U.S. Department of Defense. Following this event, I was able to sit down for lunch with the Indonesian Minister of Defense, Prabowo Subianto, and have insightful discourse on food security and sustainability initiatives in Indonesia.

The B20 events were hosted by the Indonesian Chamber of Commerce and Industry (KADIN), and were attended by more than 3,300 delegates consisting of 2,000 CEOs, business leaders from 65 countries, and several heads of state.

Sustainability was one of the focal points of this year’s B20, and I had the opportunity to speak about the SAWA Project and formally introduce it as a transformational carbon removal and food security solution developed to address the burning of agricultural crop residue, a major environmental issue across the region. Theresa, our SAWA Project Lead also spoke about the project at a B20 Networking side event.   You can read more about the SAWA Project here.

We have also solidified a partnership with Jejakin, which provides technology solutions in the fields of environmental monitoring, carbon markets, and carbon accounting,  as well as a leading carbon footprint monitoring platform, JejakApp. They will be working alongside Nature’s Vault as we develop the technical infrastructure needed to monitor and support our BioChar-based carbon removal solution. 

We are going into the end of the year with optimism and a clear vision of what we would like to achieve in the coming year. As always, I thank you for your trust in Nature’s Vault and our very important mission.

Preserving Mother Earth with Nature’s Vault

Planet Earth is facing twin challenges: climate change and biodiversity loss. This is primarily due to the steady increase in greenhouse gas (GHG) emissions since the beginning of large-scale industrialization in the mid-1800s. The Earth is becoming an increasingly inhabitable place to live, with its warming causing extreme weather changes that put ecosystems at grave risk. The burning of fossil fuels associated with the mining industry, in particular, continues to exacerbate the crisis by releasing excessive amounts of carbon dioxide into the atmosphere. The longer we carry on without regard for the environment, the greater these twin challenges become.

The mining industry accounts for 4–7% of global greenhouse gas emissions, and gold mining alone exceeds 100 million tons in carbon dioxide equivalent annually. Mining one ounce of gold emits up to 800 kg GHG. Interestingly, not all of the gold that has been mined is in circulation — about 40% is merely used as a store of value and sits in bank vaults as backing for exchange-traded funds or government reserves. Extracting gold has always been unsustainable, and it is more crucial than ever to preserve the Earth, keep environments pristine, and protect diverse ecosystems. By providing some incentives, we believe people can create a wide-reaching change to gold mining and reduce the environmental damage it causes.

Tokenizing Natural Capital, Preserving Nature

At Nature’s Vault, we preserve gold deposits and monetize their value using a tokenization protocol. Nature’s Vault is pioneering a new way to address gold mining’s environmental impact with blockchain-powered natural capital tokenization. This solution is the first of many impact investments we hope to provide people access to. Our long-term vision is to facilitate more significant climate tech impact and natural capital investment, eventually redefining how people invest in our planet.

Our flagship product, Legacy Token, monetizes the preservation of gold deposits to provide token holders with a worthy financial investment and one that enables a direct and positive environmental impact. The preservation of at least 1/100th gram of underground gold — or as we call it, NaturesGold™ — backs each Legacy Token, for which we implement a Proof-of-Stake (PoS) consensus mechanism, the environment-friendly alternative to Proof-of-Work (PoW) systems.

Legacy Token’s issuance hinges on the gold deposits that we acquire. First, we identify previously quantified gold deposits in areas of undisturbed natural beauty. Once a thorough evaluation is complete, we purchase patented mining rights, which grant us the rights to mine the deposit in perpetuity. This allows us to protect gold from ever being extracted by other parties, protect the environment from being destroyed, and maintain an area’s biodiversity.

So far, we have acquired 150,000 ounces of in-ground gold at Pistol Lake in Canada, which lies beneath over 400 acres of pristine forests and lakes. Our goal is to preserve at least one million ounces of gold in-ground. We set aside 80% of our quantified gold for tokenization and allocate the remaining 20% as a contingency reserve. The Legacy Token will thus have robust backing.

Legacy Token represents a verifiable commitment never to extract the gold we, as a company, have access to mine. NaturesGold™ is quantified by independent 43–101 or JORC technical reports, which are the global industry standard for quantifying mineral deposits. As we will acquire additional mines using revenue from token sales, the amount of gold preserved through each Legacy Token will continue to increase, eventually reaching 6.1/100th gram per token.

As Nature’s Vault acquires additional mines, there will be less gold mining and more preservation of the Earth’s Natural Capital. NaturesGold™ is our verifiable pledge to reduce natural disturbance and environmental degradation. We are investing in the future of Mother Earth, and others can join the cause by investing in Legacy Tokens.

Preservation is not enough, though. It’s also essential to minimize carbon emissions for our environment to recover. One surefire way to achieve this is by reducing mining and extracting natural capital only when necessary. And even then, we must adopt sustainable practices.

For one, nature’s Vault will incentivize less mining by redistributing a share of revenues from carbon offsets among Legacy Token holders. This process will involve various airdrops and staking rewards.

Let’s Create a Better, Greener Tomorrow

Our current focus is preserving natural ecosystems by eliminating the harmful effects of gold mining. We leverage blockchain technology while creating utility and incentives through Legacy Tokens.

Yet, there’s still a long way to go when it comes to success. Working together to create a cleaner, greener, and better tomorrow is humanity’s joint mission now; it's the only recourse. Let us march towards a sustainable future, one step at a time.

What Do Blockchain and Gold Have to Do with Saving the Planet?

The ongoing climate crisis has focused global attention on reducing greenhouse gas emissions. At the 2021 Glasgow Climate Summit, 81 countries joined an accord to reduce carbon emissions by 45%. Such agreements, however, indicate no real sense of global alarm, as the planet continues to undergo immense damage to bolster some of the world’s most lucrative industries. To ensure that emissions targets are met and a sustainable future can be achieved, several avenues need to be optimized or entirely new solutions explored.

One of these lucrative, but destructive, industries is the global mining industry, which is estimated to be responsible for 4-7% of global greenhouse gas emissions. At Nature’s Vault, our team of experts in mining, ESG, capital markets, and blockchain is developing a new, patent-pending process that confronts the environmental and societal damage caused by mining head-on. Let’s take a look at this fundamental issue and what Nature’s Vault is doing to solve it.

Our story begins with gold, one of the most pollutive minerals that can be mined. At present, the mining of one ounce of gold releases around 800kgs of greenhouse gasses into the environment. In order to produce enough gold to make just one wedding ring, over 20 tons of Earth must be displaced. This energy-intensive process proves to be destructive to local ecosystems, waterways, and the communities living adjacent to mining sites. Despite this, however, almost 50% of gold mined annually is destined to be placed in a bank vault, even though it is only traded on paper and spreadsheets.

The current nature of gold mining led us to a simple question. Does it still make sense to mine gold at a huge cost to the environment, only to place it in a bank vault? We don’t think so, and our reasoning is simple. Within the gold mining industry, there are a variety of trusted methods used to quantify the amount of gold within a deposit with a high degree of confidence. Legally regulated reporting structures, such as the 43–101 report used in Canada and the JORC reports used in Australia ensure accurate and reliable reports.

Blockchain technology then allows us to tokenize and then monetize these quantified in-ground gold deposits. Legacy Token was the result of this, and it incentivizes potential token holders to invest in the preservation of gold. Each Legacy Token represents at least 1/100th of a gram of gold preserved in the ground and ensures the earth, water, and natural assets over the unmined gold are left undisturbed. The token represents a pioneering solution to unlock the actual value of mineral assets — specifically gold for Legacy Token — and monetizing the preservation of Natural Capital.

We aim to contribute to the impact investment space by developing products that accelerate investment in ESG projects and those that enable the preservation of Natural Capital. Environmental, Social, and Governance (ESG) assets are gradually gaining popularity and will exceed the $53 trillion mark by 2025. We aim to streamline this process by providing new investment means through our $LEGACY token and future projects.

Blockchain has proven to be instrumental in addressing environmental challenges, and we are proud to be joining the growing number of ESG assets dedicated to the ambitious goal of utilizing blockchain technology to save our planet. With $LEGACY we are not only urging people to reconsider traditional gold investments but we are also changing the way people think about the preservation of Natural Capital, reducing the gold mining industry’s carbon footprint, and taking a proactive role as custodians of the Earth for future generations.

We are an ESG finance platform designed to accelerate the funding of impact investments aimed at combating climate change and ecosystem damage. Launched in 2022, we expect to be one of the first to create a blockchain-powered platform to tokenize projects focused on preserving Natural Capital — the planet’s natural resources and the ecosystem services they provide. Our first project involves avoiding the environmental impact and carbon emissions caused by gold mining while utilizing tokenization to preserve in-ground gold deposits. We have operations and a presence in North America and Asia.

Nature’s Vault is brimming with momentum, and September was a whirlwind month that saw many of us hit the road yet again to talk about Legacy Token and introduce Nature’s Vault to the Web 3.0 space in Asia and the Middle East, with stops in Indonesia, Vietnam, Dubai, Abu Dhabi, and Singapore.

We welcomed ex-president of the Seychelles, James Alix Michel, as a Senior Advisor and have made significant progress on our avoided mining protocol – the essential mechanism that would make it possible for us to generate carbon credits through our avoided mining/legacy token model. 

We are also excited to launch our affiliate program, where token holders are automatically given a unique affiliate code through our sales platform. Using the affiliate code will entitle token holders to a 5% commission on referrals paid in Legacy Tokens subject to the same unlocking terms as the referred purchaser.

Following the successful closing of our Private sale round, the global Presale launch for Legacy Token (NVLT) started on September 28th at the start of Token 2049 Singapore, where we sponsored a booth.  Presale NVLT tokens are now priced at 6 cents per token. We are running a bonus program now of 10% extra NVLT on all purchases made directly on our platform until the end of this month. Get your Presale NVLT here. Presale NVLT is subject to a four-month unlocking period, with 20% of the tokens released 24 hours after public exchange listing, then 20% each following month. 

Bali for Global Investors Night and NXC International Summit

The end of August was an exciting week for us in Bali, Indonesia, where we had the opportunity to speak to and meet project founders and innovators in crypto. Towards the end of August, I spoke at the first-ever Global Investors Night, an exclusive event held at Atlas Beach Fest in Bali. Along with the team, I participated in a panel discussion featuring speakers from APAC DAO, Tokoin Indonesia, Blocktides, Asia Token Fund, and OFU Ventures before also sharing how we started Nature’s Vault and our mission to protect the environment from unnecessary gold mining through the launch of our Legacy Token.

The following week I had the chance to share the stage with thought leaders in Web 3.0 at NXC International Summit, also held in Bali. It was eye-opening to discuss the future of Web 3.0 and its potential applications, particularly in the environmental and climate tech space. It was an honour to speak alongside such experienced figures in the crypto space. Between these two events, our team attended Coinfest Asia, a crypto networking festival, where we sat in on insightful talks by speakers from Crypto.com, 1inch, Coinbase, BNB Chain, among others. 

Swiftly after Bali, the team traveled to Ho Chi Minh City, Vietnam, to host a meetup in collaboration with APAC DAO, a Web 3.0 community with over 10,000 members across Asia Pacific. We learned just how enthusiastic the crypto community in Vietnam is, and we received many questions about the inspiration behind Legacy Token, as well as our broader mission at Nature’s Vault.

We wrapped up September with Token2049 Singapore. With over 7,000 attendees, 2000+ companies, and 250+ other sponsors it was a fantastic opportunity to meet and mingle with other leaders in the Web 3.0 space who came from all over the globe. As a first-of-its-kind gold preservation-backed token, NVLT garnered considerable interest from passersby drawn in by the unique concept and opportunity. 

While the team was busy holding the fort down on Day 2 of Token2049, I had the pleasure of speaking at Polygon’s Green Blockchain Summit. It was a welcome opportunity to speak about Nature’s Vault, while also learning about other innovative approaches to addressing climate change.    

Welcoming Former President James Alix Michel as a Senior Advisor

This month, we were delighted to welcome the former president of the Seychelles, James Alix Michel, as a Senior Advisor to Nature’s Vault. Throughout his presidency and in the years following, President James Michel advocated for action to mitigate climate change, both nationally and globally. He founded the James Michel Foundation, which was built to facilitate projects aimed at advancing the Blue Economy and mitigating climate change. 

We look forward to working closely with President Michel and learning from his decades of expertise and knowledge in the conservation space.

Not only did we meet President Michel in Dubai, but we also met with Jamil Abu-Wardeh, an expert on digital assets and Web 3.0 contributor to Forbes Middle East. We sat down for a conversation on how crypto makes innovative financial options more accessible and discussed how Nature’s Vault appeals not only to seasoned crypto investors but also those that move predominantly in the climate tech and sustainability space.

Progress on the avoided mining protocol
This month, we passed an important milestone in developing our avoided mining carbon credit protocol. Cercarbono, a well-established voluntary carbon credit registry, formally approved our conceptual design, and work is now progressing on the detailed methodology.  We will provide a further update next month, but we expect significant progress on this over the next 2-3 months.

Twitter: 50,600, up from 39,200 at the start of the month, an increase of 29% month-to-month.

Nature’s Vault wouldn’t be where we are without your support. For real-time updates on Legacy Token please follow our social media channels, which can be found at the bottom of this email. Our team and I are happy to answer any questions you may have. 

I wanted to take this opportunity to thank you again for your support and provide you with an update on the progress we have made at Nature’s Vault over the past two months. Our team has grown exponentially, and we are excited to announce two critical new senior hires who have recently joined our team. We have all been incredibly busy building our platform, growing awareness of the vital mission of Nature’s Vault, and launching our first product, the Legacy Token.  

Ray Hennessey joined us as Chief Technology Officer in late April. Ray brings over 30 years of capital markets technology experience from Goldman Sachs, UBS, Merrill Lynch, and Morgan Stanley. Ray has spent the last five years in the crypto world with several global exchanges, such as NASDAQ-listed EQONEX. Ray is actively building our technology stack to facilitate the international token sale and ensure our operations are secure, compliant, and follow industry best practices.

Mark Brady joined us as Head of Business Development. Mark has 20 years of capital markets experience, having worked at JPMorgan, Deutsche Bank, and BlackRock. Mark has been focused on digital assets since 2017, setting up the first Type 9 licensed fund in Hong Kong with the digital asset uplift. Mark will be leveraging his network to bring the Nature's Vault story to institutional investors across Asia Pacific, focused primarily on our Series A equity raise.

Our marketing and brand-building efforts are gaining momentum, particularly on Twitter and LinkedIn. We have hit several key milestones, including breaking 400K impressions on our LinkedIn ads and 350K on Twitter in June alone. We will continue to tweak our messaging and targeting and are confident that we will beat these numbers in July leading up to our Pre-Sales event.

We also released a new 2.5-minute Legacy Token overview video which can be found here.

We have seen significant follower growth across our primary social media and community channels.

Twitter: 16,600 followers (up 3.5x in June)

Instagram: 2,900 followers (up 5x in June)

Telegram: 17,500 total members across all groups (up 8x in June)

LinkedIn Followers: 290 followers (up 3x in June)

We are proud to say that the community is active and growing, which is critical as we approach our Pre-Sale event. We are seeing regional interest in the Legacy Token develop organically and have formed multiple language-specific Telegram communities. The two largest thus far are our Arabic and Vietnamese language communities. We are looking to expand language-specific communities in new markets such as Thailand, India, Turkey, and Latin America via an ambassador program in our communities.

The Legacy Token will be minted with the ticker NVLT and distributed as an ERC-20 Token on the Polygon Layer 2 Proof of Stake network. More about Polygon. We will swap your previously issued BSC tokens to Polygon before starting our Pre-Sale. Details to follow soon.

We have implemented HubSpot CRM, Sales Professional & Marketing Hub to optimize our Sales & Marketing Operations.

We have migrated our entire customer-facing tech stack to Amazon Web Services.

We have partnered with Accubits and are implementing their CoinFactory platform to facilitate our token management operations and Pre-Sales Event in Q3.

We have implemented Cloudflare for enterprise-class performance & information security management.

The technology team is working hard to make Nature’s Vault’s underlying technology stack and associated operations best in class. We will soon be applying for ISO-27001:2013 certification. This is the industry “gold standard” for information security operations.

Another critical milestone we reached was the signing of Auros to act as a strategic market maker for the Legacy Token after our public launch.  

Auros is one of the world’s largest market makers and is active on over two dozen exchanges.  

Auros accounts for more than 2% of the global exchange cryptocurrency trading volume.

They have proprietary, low-latency trading strategies as both a market maker and a market taker.  

Further details regarding our partnership with Auros will be forthcoming soon in a joint press release.

From July 1st, as we prepare for our Pre-Sale event, we are excited to announce a referral program where we will offer a 5% referral commission on introductions paid in Legacy Tokens. Please contact anyone on the team if you would like to make an introduction.

The team is working hard at delivering a very bright future for Nature’s Vault and a successful public sale of the Legacy Token later this year.

We thank you for your continued support and will start sending updates like this every month. Please feel free to contact me or any team member if you have any questions.  Lastly, if you haven’t already, we encourage you to join our social media channels at the bottom of this email. We publish updates to most of them daily.

Big Impact and Big Rewards for Staking Gold with Legacy Token

Here at Nature’s Vault, our team has been working hard behind the scenes to prepare for the launch Legacy Token, a project that is aimed to take action against climate change and help build a net-zero future. We’re targeting an ICO at the end of 2022, as we continue to pursue our larger mission of building an ESG finance platform that gives users access to investments that protect our planet and guarantee its future habitability.

With projects like Legacy Token, we want to provide the opportunity to make a direct and positive impact on the environment and with the level of transparency that blockchain enables through tokenization. In this post, we’ll be breaking down our staking program for Legacy Token, which allows you to benefit financially from doing your part to protect the environment.

Legacy Token is a digital token that entitles its holder to an allocation of NaturesGoldTM, our term for independently quantified gold in deposits that we own mineral rights for, but have committed to never mine. It essentially allows holders the chance to contribute to preserving gold in the ground and minimizing the environmental cost associated with gold mining. With Legacy Token, we aim to contribute to the greater good of the planet while providing a worthy financial investment for those who do too.

Legacy Token offers holders the world’s first-ever opportunity to make a direct impact on the protection of the environment and its ecosystems through the preservation of NaturesGoldTM and the avoidance of real-world gold mining. By providing an alternative solution that mitigates the negative environmental and social effects of unnecessary gold mining as well as meeting the need for greater ESG investments that preserve our environment, token holders can help make a lasting environmental change.

The tokenization of NaturesGoldTM is carried out based on the verifiable reports of the amount of gold deposits that we own mineral rights for. The amount of gold in these deposits has been verified by independent experts and subscribe to industry reporting standards, allowing these deposits to be tokenized on the blockchain. Each resulting Legacy Token that we issue preserves at least 1/100th of a gram of in-ground gold.

The more tokens that are purchased, the more gold a token holder is preserving. By tokenizing the preservation of gold on the blockchain, token holders get the chance to benefit from the store value of gold, a tangible asset, without any of the environmental damage and can reap even greater benefits through our preserve-to-earn Prospector Staking Program.

As part of this program, we have set aside 75 million Legacy Tokens, which will include three different staking pools with varying rewards based on lock-up terms. Each pool will be capped at 33.3% of the total circulating supply and retired when the supply for each pool has been distributed. Eventually, we will look to return a share of any carbon offsets generated from avoided mining to the Legacy Token holders through staking reward programs and airdrops.

At launch, our first Legacy Token series will have a maximum total minted supply of 500 million tokens. Within one year of Legacy Token’s exchange launch, we plan to utilize a portion of the proceeds from Legacy Token sales to progressively acquire mineral rights for an estimated further 850 thousand ounces of in-ground gold as part of our Mine Acquisition Program. When we reach our goal of preserving 1 million ounces of gold, the amount of NaturesGoldTM behind each Legacy Token will increase sixfold.

By investing in Legacy Token or participating in our Staking program, token holders will have the opportunity to contribute to sparing the planet of the negative impacts of gold mining and continue to unlock the value of gold, while preserving it in the ground.

Looking ahead, we plan to build on the anticipated success of our initial Legacy Token offering and structure progressively larger Legacy Token offerings, with the possibility of extending the concept to other in-ground precious metals.

Ultimately, we aim to create a secure, net-zero bridge between the real-world value of gold and the crypto asset world without the environmental and social costs of either real-world mining or Proof-of-Work mining, before we address other environmental challenges that require our immediate attention with blockchain technology.

To learn more about us, check out our:
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In the last decade, the climate crisis has significantly worsened, bringing an accelerated focus on the need to reduce greenhouse gas (GHG) emissions. At the 2021 Glasgow climate summit, 81 countries committed to reducing carbon emissions by 45% and reaching net-zero targets by 2050.

In the Race to Zero Campaign, businesses, investors, and cities representing nearly 25% of global GHG emissions and over 50% of GDP have pledged to reach net-zero carbon emissions by 2050. As part of this initiative, the global mining industry — responsible for 4% to 7% of GHG emissions — is also catching up to speed. However, despite the industry’s efforts, much is needed to get on the right track, with a particular focus on more clean-energy metals like lithium, cobalt, and nickel.

Here at Nature’s Vault, we are on a mission to build a platform that allows users to invest in tokenized projects that protect our planet’s Natural Capital and mitigate climate change. Our team has been working hard behind the scenes on Legacy Token, which we expect to launch in Q4 of 2022, as our first project aimed at taking action against climate change and the environmental damage associated with gold mining.

Legacy Tokens are a pioneering ESG asset class that supports real-life positive impact on the environment. Each Legacy Token is backed by NaturesGold™, the preservation of at least 1/100th of a gram of in-ground gold deposits, which are quantified by independent experts and controlled through mining rights that we own and have committed to never mining. Purchasers of Legacy Tokens are taking part in an impact investment that helps mitigate climate change and environmental damage while also benefiting from a gold-linked digital token.

Legacy Tokens are electronic, cryptographic, digital tokens that will be issued as smart contracts on a Proof-of-Stake (low energy consumption) blockchain. The Legacy Token smart contract has been designed based on open-source standards and includes key token requirements, allowing users to mint, burn, track, and transfer their Legacy Tokens as they wish. The token will be hosted on Ethereum via Polygon’s layer 2 scaling solutions.

The tokenization of NaturesGold™ is carried out based on the amount of gold deposits that we own mineral rights for. The amount of gold in deposits that we choose to acquire has been verified by independent experts and adheres to strict industry reporting standards, governed in Canada by NI 43–101 and in Australia by JORC (both of which are used globally). To date, Nature’s Vault has acquired 125,000 ounces of gold deposits in Ontario, Canada and has committed to acquiring an additional 875,000 ounces. As Nature’s Vault’s gold holdings increase, so does the NaturesGold™ backing each token. Currently, each Legacy Token is backed by 0.1 grams of NaturesGold™, at the end of our acquisition program, the amount backing each token will have increased to 0.61 grams.

Legacy Token investors will also have the opportunity to take part in our Preserve-to-Earn Prospector Staking Program, whereby Legacy Tokens can be staked and earn attractive APYs, ensuring that Legacy Token holders will have the opportunity to contribute to sparing the planet of the negative impacts of gold mining and continue to unlock the value of gold, while preserving it in the ground.

With Legacy Token, we aim to contribute to the greater good of the planet while also offering a worthy and sensible financial investment linked to a tangible asset. By providing an alternative gold linked asset class that mitigates the detrimental environmental and social impact of gold mining as well as meeting the need for greater ESG investments that preserve our environment, token holders will benefit from a gold-linked investment and will ultimately be contributing to lasting environmental change.

So there you have it, all the nitty-gritty details on Legacy Token, a crucial component of our project that aims to take action against climate change and help build a net-zero future.

We’ve had another busy month despite the stormy climate and uncertain outlook in global financial markets. Our team continues to expand as we welcome two new members onto our Board of Advisors. We have continued to build momentum with our involvement in several events across South East Asia and North America. 

After extensive consultation with our partners, advisors, market-makers, and partner exchanges, we have decided to delay our initial target public launch of November 21st due to extremely fragile market conditions. Our interest, first and foremost, is to ensure the successful public launch of the Legacy Token that protects the underlying value of the token. It is our opinion that market turmoil at present is unsuitable for a November public launch as previously planned.

We will continue focusing our efforts on marketing, partnerships, community building, mine acquisitions, and attendance at international-level events and conferences. We will continue to closely monitor the macro market outlook to ensure we are ready to launch the token when markets improve. Pre-sale of Legacy Tokens will continue on our platform, and we will keep you updated on our progress.

We hosted another private event in Jakarta this past month to update current investors and introduce prospective buyers to Legacy Token. Shortly after, members of our team attended two conferences in South East Asia. The first was Festiverse in Bangkok, held in conjunction with Thailand Comic Con. This event was our first B2C event, and we received a significant amount of interest from the Thai community, who are particularly interested in a digital asset linked to gold with a robust environmental purpose.

From Bangkok the team headed straight to Singapore for FinTech Festival, an event that surpassed last month’s TOKEN 2049 in size. As Legacy Token is a first-to-market digital asset class, our innovative concept generated a lot of buzz. During this event, we also publicly announced our second project, the SAWA Project, for the first time. For more information on the SAWA Project, click here.

We also made our North American debut when our team members attended the Canada Blockchain Summit, held in Calgary, Alberta. This event focused on emerging blockchain solutions across various industries. 

To end our travel update on an exceptionally high note, we are proud and humbled to have been selected as a keynote speaker at the upcoming B20 Investment Forum in Bali, Indonesia tomorrow November 11th. It is encouraging to see a growing interest in projects tackling the world’s most critical environmental issues, such as Legacy Token and SAWA.

We welcome two additional members to our growing team.

John Goedschalk, Executive Director of Conservation International, has signed on as Senior Advisor to Nature’s Vault. We are excited to leverage his expertise in policy, fundraising, and technical affairs as we develop both Legacy Token and the SAWA Project.

Eddy Ng, currently a partner at OFU Ventures, will also be joining as a blockchain advisor bringing years of experience in the crypto and venture capital space. Eddy was also part of the founding team at Tokoin and was instrumental in guiding them through a successful token listing.

As always, we appreciate your confidence in our team and mission. During volatile times such as these, we are fortunate to have the support of our investors, partners, and community. Rest assured, we will keep you updated regularly via our newsletters and social media, and we look forward to giving you more good news as we finish 2022.

We’ve had another incredibly busy month, and we are again heading strongly into September. Here's a quick update of what was achieved last month and what is coming soon.

We have closed our Private Sale! The first 75 million NVLT tokens have been fully subscribed, and we have just opened whitelisting for our Pre-Sale event. If you haven’t signed up for the whitelist and performed KYC, you can do so anytime on our website.

The Legacy Token is currently priced at $ .06, and Global Pre-sales will commence on September 17th, 2022 at 00:00 GMT.

Public Token Offering and Exchange listing is slated for November 21st.  We have confirmed our first exchange - a press release will be coming out soon - and we will add more exchanges to list NVLT in the coming months.

Jason, our COO, will be reaching out in the coming week to all participants from the Private Sale to transition you over to our new token management platform.

Keep an eye on our website and social media channels for more updates.

On August 24th, we issued a global press release announcing our partnership with the Polygon Network, the leading Layer 2 Blockchain ecosystem on the Ethereum network. We were delighted by the response as the news was picked up by numerous media outlets, including the Associated Press and CoinMarketCap.

The Nature’s Vault story is really getting out, and our communities are thriving leading into our Pre-sales event.

Twitter: 39,200 up from 26,100 in August, a 50% increase month-on-month 🚀

Telegram: 47,300 up from 23,600, a 100% increase month-on-month, with vibrant communities in English, Vietnamese, Indonesian, Korean, Turkish, and Arabic 🚀

Impressions across our social media channels were 945K, up 283% over July, with 54K engagements up 100% over the same period 🚀

Please refer to the new Events section on our website for our scheduled events in the coming months.

We thank you for your continued support. Please feel free to contact me or any team member if you have any questions. Lastly, if you haven’t already, we encourage you to join our social media channels at the bottom of this email. We publish updates to most of them daily.

Despite the summer holidays, we have had an incredibly busy month in July and are heading strongly into August. I wanted to take this opportunity to give you a monthly update on our activities over the past month and outline our sales and listing roadmap for the Legacy Token.

We have closed our Private 2 round and will begin formally whitelisting for our Pre-Sale event on August 15.

The Legacy Token is currently priced at $ .045 per token.

Pre-Sale will begin the first week of September with the Legacy Token (NVLT) Priced at a minimum of $.06.

Public Sale and Exchange listing will be on November 21st, and we are currently in active negotiations with several major global exchanges.

We've also published a new Legacy Token Overview document which is a shorter form document than our Legacy Token Whitepaper, which we also updated in July.

We have had continued exponential growth across our primary social media and community channels.

Twitter: 26,100 up from 16,600 followers in June, up 58%, with 1.53M impressions in July, up 437% 🚀

Telegram: 23,600 up from 17,500 followers in June, up 35%🚀

Instagram impressions are up 253% over June🚀

On Telegram specifically, we have vibrant language-specific communities forming, namely Arabic (5K), Turkish (3.5K), and Vietnamese (5.5K), alongside our main English language community (9.6K). We are launching Bahasa Indonesian and Thai language communities in August and exploring a Spanish language community to get the word out in Latin American markets. 

Our LinkedIn and Instagram accounts have held steady, and we will soon be launching our TikTok channel piloting in Indonesia as well as Kakao in South Korea.

We are delighted to announce that we have entered into an exclusivity agreement with the seller of mining rights covering a second major gold deposit in Ontario, Canada.   We refer to this second gold acquisition as our “North Star Deposit”.  

The North Star Deposit comprises mainly patented claims on the shores of Lake Superior and is significantly larger than Nature’s Vault’s existing deposit, Pistol Lake, both in terms of land area and expected in-ground gold resources. This will significantly increase our total supply of gold behind the Legacy token and push us much closer to our commitment of acquiring a minimum of one million ounces of gold. 

The agreement was signed on July 25, 2022, and provides Nature’s Vault with exclusive rights to negotiate toward the purchase of NorthStar for a period of up to four months following receipt of an updated resource estimate (NI-43101) on the property, which has been commissioned by the seller and is expected to be completed soon.

We plan to attend the following events on an aggressive roadshow prior to our public launch in November. If you are in any of these locations, please do come to see us.

International Crypto Expo - Abu Dhabi - September 20 - 21

Token 2049  - Singapore - September 28 - 29

Vietnam Blockchain Summit - Hanoi - October 19 - 20

International Crypto Expo - Bangkok - October 27 -28

Singapore Fintech Festival - Singapore - November - 2 - 4

International Crypto Expo - Dubai - November 14 -16

Greentech Festival - Singapore - November 17 - 18

Blockchain Week - Istanbul - November 15 - 16

We have added a Company News section on our website to catalog all our press coverage.

We are currently in QA on our token sale platform and will move to production before August 15th to facilitate our Pre-sales whitelisting.

All Private Sale NVLT buyers will be transitioned to this platform in August. Details to follow.

We thank you for your continued support. Please feel free to contact me or any team member if you have any questions.  Lastly, if you haven’t already, we encourage you to join our social media channels at the bottom of this email. We publish updates to most of them daily.

NVLT Presale In Progress - Buy NVLT Now! >

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