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The ash token represents mineral rights for rare earth elements found in coal ash. The proposed token is based on the established ERC20 Etherium block chain technology. The token is issued by Ash Element holding company, grants holders mineral rights. One token equals one metric ton of coal ash.
The mission of Ash Elements is to turn an ugly liability into an attractive environmentally responsible asset. This asset will be made available to the blockchain community and in doing so add value in many dimensions to our collective future.
Ash Elements is an Asset Back Token (ABT) that captures the value of rare earth minerals in coal ash in the form of mineral rights. Rare Earth Elements are referred to as vitamins for metals and electronics without which our high tech world ceases to exist. These mineral rights for premium coal ash basins are secured by a holding company through which mining or refining company can redeem ASH tokens Rare earth mineral rights to particular sites under contract. Each Ash Token is contractually tied to 1 metric ton of fly ash.
Rare Earth elements are a strategic imperative to the United States of America. Many of these minerals have no substitutes. China has a virtual monopoly on Rare earth minerals and alternate supplies are needed to ensure that the world manufacturing base is not disrupted buy Rare earth mineral price fluctuations.
The technology to extract these minerals from coal ash are being developed in research laboratories all over the world. Once these processes are matured and commercially viable coal ash will be in high demand. Those that have right to it likely will profit in this future world. Ash Elements it a bridge to realize value of that future world today.
In the mean time while these technologies mature coal ash continues to be a controversial environmental problem and is considered a liability. The Ash Elements token addresses these issues by turning coal ash into an asset via the Etheium blockchain. This makes money available for environmental clean up and preserves the asset for future use as a strategic minerals reserve.
Ash basin owners: get value for Coal Ash today for profit, remediation and clean up.
Token holders: can purchase and redeem fractional ownership of REE
Holding company: compensated for being a broker of ash for a percentage
Mineral extractors processors: purchase high grade coal ash easily at market price
Environment; provides funding for coal ash clean up and stabilization.
United States National Security: Builds rare earth element stockpiles for the future of the United States vs today putting high grade REE ash in concrete and roads.
Ash Elements holding company purchases mineral rights from ash basin owner and issues tokens, one token per contracted ton of ash
Ash basin owners get money or tokens for ash for profit or remediation.
Token holders purchase these asset backed tokens on exchanges and trade them freely.
Refining company purchases token from holders on exchanges and redeems them through Ash Elements for the mineral rights contracts of desired ash basin and the redeemed tokens are burned.