Eidolon Silver Token (EST)

 

A Secure Digital Token Backed* By One  

Troy Ounce Of Silver (99.5%)

                                            

The Silver standard, Reborn.  Your Token, Your Silver, our Historical Recovery.

 

*see warning in phase 1

PHase 1

Phase 1 involves an initial exploration of a bunker expected to contain silver ingots.
 
Objective: Verify the existence of silver Ingots in the bunker located at the foot of a mountain on Mindanao Island in the Phillipines
 
Duration: 3 months
 
Budget: $250,000
 
Token Issuance:To raise funds for this phase, 55,556 tokens will be issued at a discount of 90%, priced at US$4.50 per token, equivalent to the silver value of US$2.5 million.
 
A minimum investment of 2,223 tokens (around US$10,000) is required.
 
Investors who purchase over 11,111 tokens (about US$25,000) will receive a share of 0.1% of the recovered refined silver, capped at a total of 1,000 metric tons recovered.
 
This phase aims to establish the feasibility of the project by confirming the silver deposits before proceeding to the next stages.
 
*Warning* Trading will be blocked until the start of phase 3, if no silver is found or permits granted then the token will have no value
 

 PHASE 2

Phase Two of the Eidolon Silver Token project focuses on obtaining a mining license. Here are the key details:
 
Objective:Secure a mining permit for the identified area to legally mine the silver ingots.
 
Duration: 9 months
 
Budget: US$750,000.
 
Token Issuance: 33,334 tokens will be issued at a 50% discount, priced at US$22.50 per token, reflecting a total silver value of US$1.5 million.
 
A minimum investment of 445 tokens (around US$10,000) is required.
 
 
 
This phase is crucial for transitioning from exploration to actual mining operations, ensuring all legal requirements are met for sustainable mining activities
 

PHASE 3

Phase Three of the Eidolon Silver Token project centers on establishing mining operations and extracting silver ingots. Here are the main points:
 
Objective: Start mining operations to extract the silver ingots from the bunker.
 
Duration: 1 year
 
Budget: US$4 million.
 
Token Issuance: 98,766 tokens will be issued at a 10% discount, priced at US$40.50 per token, with a total silver value of US$4.4 million.
 
In this phase, after securing the necessary permits, the focus will be on the actual extraction of silver. The refined silver will be audited and stored securely, supporting the value of the issued tokens and potentially allowing for ongoing operations if the ore quantity justifies it.