Uranium3o8 U

1. Summary

Ranks

Liquidity

-

Developer

-

Social

38

Momentum (beta)

0

Stack Rank™

-

Price

$0.20 0.0%

Market Cap

$0.00 (#12188)

Supply

0.00 / 19.90M

Tags

Arbitrum Ecosystem Ethereum Ecosystem Real World Assets (RWA) Tokenized Commodities Tokenized Assets

More Metrics

Price
52W High price	$103.44
52W High date	7th Feb 2024 (1 year ago)
All Time High (ATH) Date	6th Feb 2024 (1 year ago)
ATH Price	$104.12
% From ATH	-99.34%
All Time Low (ATL) Date	22nd Aug 2024 (9 months ago)
ATL Price	$0.18
% From ATL	278.72%

Supply & Trading Volume
Total Supply	19.90M
Max Supply	20.00M

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Description

Uranium3o8 Token - Creating the World’s First Global Spot Uranium Market

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Uranium3o8 Token - Creating the World’s First Global Spot Uranium Market

Uranium3o8 creates the world’s first global spot uranium market by leveraging real-world asset tokenization in Web3. This innovative solution offers a uranium-backed digital asset, where each Uranium3o8 token (U) represents 1 pound of verified and audited uranium resources. These tokens can be stored in any Ethereum-compatible wallet as they are ERC-20 tokens.

Uraniu3o8 Token Functionality

The Uranium3o8 token enhances the security of the underlying uranium by utilizing blockchain's immutable and transparent nature. It reduces the risk of fraud by permanently storing and making all transactions and ownership records accessible for audit. Tokenizing uranium distributes the asset's ownership, which can protect it from loss or misappropriation by a single entity. Smart contracts automate executions of agreements related to the asset, reducing human error and enhancing security. The token also protects uranium from physical threats such as damage or theft.

Uranium Supply and Demand

The principles of supply and demand play a key role in determining prices in economies. When demand for uranium surpasses its supply, the price escalates. Conversely, when the supply outweighs the demand, the price often drops. These principles extend to the global domain of uranium, influenced by macro trends such as geopolitics, energy consumption, public policy, and technological development.

Token Redemption

The redemption of Uranium3o8 tokens for physical uranium is a stringent process due to regulatory requirements and safety measures. A minimum of 20,000 Uranium3o8 tokens (20,000 lbs of uranium) must be held for eligibility. Token holders must navigate an intricate regulatory framework, including obtaining specific licenses, adhering to export/import controls, and fulfilling requirements around transport, storage, and disposal. The redemption process includes a burn mechanism, reducing the gross supply of tokens in line with the amount redeemed, after all necessary legal, regulatory, and KYC checks.

Partners and Team

The Uranium3o8 project has strategic partnerships and collaborations. The onus of the redemption process and its associated liabilities falls on Madison Metals, an upstream mining and exploration company focused on sustainable uranium production. Madison Metals uses cutting-edge technologies and modern strategies to move advanced assets to market quickly.

By bridging the gap between the physical world of uranium and the digital world of blockchain, Uranium3o8 opens up opportunities for investors to participate in the nuclear energy sector with greater ease and flexibility.

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