SpaceGold Corporation is one of the earliest startups exploring the space scene, looking to turn the moon and asteroid mining into viable business opportunities. The company recently opened a new round of financing opportunity with blockchain.
It's safe to say that future developments and advancements in tech will somehow be hinged on the availability of precious metals. However, these metals, such as gold, platinum and palladium are not only scarce but unfairly distributed globally. And that’s aside from the possibility of pollution that arises from manufacturing processes and the often-inhumane working conditions that many local workers tend to be subjected to.
NASA recently revealed that the moon is more metallic than initially thought.
With the outer space looking increasingly more promising for mining, perhaps it’s time we look for an out-of-the-world solution for our metal needs. The European Space Agency has set a target of 2025 for moon mining, according to Daily Mail. It’s believed that there are about 4.7 parts per gold per million in asteroids, compared to the earth’s far more modest 0.004 parts per million gold compositions. All indicators point to the beginning of a new and profitable mining cycle. And this is exactly where startups like the SpaceGold Corporation come in.
SpaceGold Corp., Pioneering the Space Mining Market
Space mining has gained more attention in recent days. China, for instance, is putting plans in space to launch a space mining bot. A lot is happening in this scene that all started with the early contributions of startups like SpaceGold Corporation. SpaceGold was founded in 2018 by innovator Jasper Julian, FKA Hamidreza Jalilian with a goal to build, launch, and deploy satellites for metal mining on the moon and the asteroids. Since its inception, the startup has enjoyed the support of big names in the space sector from Boeing to TriVector, Northrop Grumman, and NASA, among others.
SpaceGold developed a new technology capable of mining space resources using the ionic mass classifiers and kilowatt-power lasers. The startup recently opened a new round of financing from investors. However, it’s a blockchain financing cycle this time.
SpaceGold Funding with Blockchain
SpaceGold wants to bring the first gram of gold back from space in as early as 2025. But lofty goals like this need an equally innovative strategy. The startup devised an innovative funding method to help the company access financing. Coming on the landmark signing of an executive order by Donald Trump on April 6 to support space mining, the company leveraged the development to launch an Initial Exchange Offering, IEO. Working alongside ChainX, a reputable exchange agency, SpaceGold commenced its blockchain fundraising process.
SpaceGold thereafter created a gold-anchored token by the name of SGold, which in essence is much like an ERC20 token. While the ERC20 is a widely recognized standard on the Ethereum blockchain, blockchain technology is more like a decentralized transaction register that helps to ensure transaction transparency and security.
SpaceGold has been on the frontier of space mining in recent times. Aside from the innovation that has become synonymous with the space tech company, the startup appears to be in great hands as far as leadership and administration are concerned.
In June, however, the company had to let go of its former CEO William Mook for reasons that bordered on several false claims, long-term absences and the creation of a hostile internal and external atmosphere, which clearly runs opposite of the startup’s company culture. That action was needed to avert an imminent threat to team members’ productivity and the company’s expenditures. For now, however, everything appears to be running perfectly smooth and SpaceGold Corporation seems to be on course to smash its space mining goals.
Contact Information:
Name : Hamidreza (Reza) Jalilian
Email: info@spacegold.online
Website: https://spacegold.online