The CO2G2 Token is launched in partnership with Comedecom SARL, a mining company based in the Democratic
Republic of Congo, with the rights to mine PE 2354, an exploration concession with a surface area of 201 Mining Squares (i.e. 170.85 square Kms) and is located around 36 kms west of Likasi. Over the past four (4) years, aggressive exploration activities have been carried out in the concession, and Copper occurs as a major mineral with possibilities of Cobalt, Zinc, Nickel and Gold as secondary minerals. The CO2G2 token is a token backed by the sale of Copper assets in the mining concession. When copper is mined out of the PE 2354 Mining Concession, it is sold to major smelters and buyers of Copper arranged by WTIA and the bulk of the proceeds from the sale of copper will be divided by the total token supply of the
CO2G2 token. Proceeds from the token sale event will go towards the purchase of equipment, the development of the mine and to manage and market the copper. The project will harness blockchain technology, smart contracts and immutable records to achieve greater transparency and e.ciency in the mining and supply chain process. Blockchain managed security tokens will also pro vide great er transparenc y f or the investors , allo wing them t o be updated with the sales of copper and distributing the proceeds using smart contracts. The local community will also bene.t from job creation and investment into the country’s infrastructure and development of public sector projects such as providing clean drinking water, schools, hospitals and transport infrastructure works such as rail and road networks.