Black Gold is a DEBT Box project supported by and linked to the physical production and sale of crude oil. By purchasing a Black Gold (BGLD) software mining license and becoming a BGLD node operator, you're allowing Digital Licensing Incorporated, the DEBT: Box ecosystem's permissioned administrator to support oil industry projects within the exploration, drilling and physical production of crude oil with certain key benefits. Software mining license holders are rewarded for their blockchain support with BGLD tokens.
The DEBT Box Black Gold (BGLD) tokenomics have been designed as a deflationary token, to create a true supply and demand dynamic. The BGLD project is supported by four areas:
A limited number of BGLD tokens will be mined and placed into circulation by a limited number of software mining licenses. All BGLD tokens must be mined by BGLD software mining license holders. BGLD tokens will only be available for purchase through third-party exchanges.
Choose the project you want to join. Decide if you want to purchase or rent a mining license.
Earn rewards daily through the mining process. You can watch them roll in on the Rewards section of your dashboard.
Withdraw your rewards and exchange them for other DEBT Box tokens, other currencies or use them to make DEBT Box ecosystem purchases.
All BGLD perpetual licenses are sold out. You still have the ability to purchase a BGLD Rental license. There is a limited number of rental licenses available, 15,000 and they are assigned on a first come first server basis.
Once they are gone you can get on the waiting list to reserve you spot when they become available again.
The BGLD rental license gives you all the benefits of owning a license but at a much lower entry price. Currently BGLD rental licenses are $250 per license and mine for 20 cycles before they expire. A mining cycle is a 24 hour period.