Project 79, the decentralized peer-to-peer marketplace driving increased accessibility to commodity-based investment opportunities, today announces its success with a significant fundraising milestone.
Project 79 achieved a remarkable milestone by successfully selling 70% of the total token supply, raising funds for a tokenized asset representing equity ownership in a coveted gold mining operation, aiming to reach 25 million USD.
A successful pre-sale phase saw the fundraising target met, enabling the commencement of operations and providing token holders with monthly investment returns.
In May and June, investors saw monthly returns of 2.275% and 2.425% respectively. These returns are projected to increase once the mines are fully operational, offering even greater potential for investors.
This significant achievement propels Project 79 closer to its goal of becoming the leading marketplace for tokenized assets, something traditionally accessible only to high-net-worth individuals. By leveraging blockchain technology, Project 79 offers new investment opportunities and aims to create a more inclusive financial ecosystem.
Adam Dignan, CEO of Project 79, says, "We are excited about the progress we've made with our token and the opportunities it presents for our users. This fundraising milestone is just one step towards our overarching goal of improving accessibility of investment opportunities typically reserved for the super-wealthy."
The token was announced in early 2023, granting token holders a generous 40% share of the revenue generated from the gold mining operations in Busia, Uganda.
Together, Project 79 and the gold mining operation are redefining the way people invest in commodities, making it more accessible, transparent, and rewarding than ever before.
Source: https://www.project79.com/