Concept
Alternun aims to attract funding backed by unexploited gold reserves, directing these funds into revenue-generating projects such as solar farms, green Bitcoin mining, and hydroponic farming.
Project proposals can be submitted by Alternun, Gold-Backed Token (GBT) holders, and Community Token holders. The decision-making process follows a DAO (Decentralized Autonomous Organization) model, where:
- GBT holders have the first right to vote.
- If they vote in favor, Community & Rewards Token holders vote, requiring at least 50% approval.
- If approved, a Feasibility Study is conducted and presented publicly.
- If viable, an NFT collection is created, allowing GBT holders to stake tokens in the project.
- If a funding threshold is met, NFTs are minted, and liquidity pool resources are transferred to a new smart contract that manages the project’s treasury.
The DAO owns 80% of the GBT supply, allocated to projects and a recovery pool.
Fund Allocation
Funding is distributed as follows:
| Entity | Allocation (%) | Purpose |
| Miner | 8% | Becomes a curator, protecting underground reserves. |
| Nation | 2% | Resolves conflicts of interest—governments can collect taxes while protecting the environment. |
| Exploration | 5% | Funds further exploration to improve reserve estimates. |
| Community/Marketing | 2.5% | Supports community token holders, allowing swaps between ATN and GBT while promoting projects. |
| Project Feasibility | 2.5% | Funds feasibility studies before committing liquidity, reducing project risks. |
| Recovery Pool | 30% | Provides liquidity for extraction if needed and buys gold from exploration to strengthen reserves. |
| Projects | 50% | Funds regenerative projects; 80% of profits go to GBT holders. |
Profit Distribution Models
Alternun’s official documents outline two possible profit distribution models:
- 80% of project profits are distributed among GBT holders, 15% goes to Alternun for project management, and 5% is reinvested into the liquidity pool, creating a self-sustaining funding cycle.
- An alternative model allocates:
- 15% to the Liquidity Pool, with 92% directed to project treasury and 8% to mine owners.
- The remaining 100% of funds are split:
- 80% to GBT holders who staked their tokens.
- 20% to Alternun, covering operations, governance, and community rewards via GBT swaps, liquidity injections, and governance incentives.
Web3 Funding Model
Alternun has two types of tokens:
Gold-Backed Tokens (GBT)
The tokenization process follows these steps:
- Finding a legally compliant gold mine with an operational license.
- Exploration to assess extraction feasibility and estimate gold reserves.
- NI 43-101 Report, a globally recognized mineral project evaluation standard, is prepared.
- Tokenization, where GBTs are minted based on exploration data and categorized according to certainty levels.
- Listing on stellar.alternun.io with purchasing options in USDC and EURC (KYC required).
Community and Rewards Tokens (ATN)
The ATN token is designed to:
- Build community engagement and governance participation.
- Be swappable for GBT or used in governance decisions.
- Enable staking, allowing users to receive a share of liquidity pool profits.
- Govern treasury funds and liquidity pools created by GBTs.
A transaction fee is embedded in ATN token usage:
- 70% goes to stakers.
- 30% goes to the project treasury.
Alternun’s Web3 funding model spans multiple blockchains, with key smart contract addresses on:
- Optimistic Ethereum: Contract Address
- Celo: Contract Address
- Ethereum Mainnet: Contract Address
As of now, no recorded activity is visible on these contract addresses.
Team, Marketing & Community
Team
Marketing Strategy
The main sales strategy involves GBT token sales via the official website. ATN tokens have not yet been listed on exchanges.
Community Engagement
Alternun’s primary communication channels include:
- X (Twitter): @alternun_io
- Discord: Alternun Community
Both platforms currently show low activity.
Conclusions
The core idea of tokenizing unexploited gold reserves is innovative. However, during my analysis of this project, several questions arose from both an analyst’s and a potential investor’s perspective:
- Company Status – Is Alternun a legally registered entity?
- Gold Tokenization Transparency – Have any specific gold reserves already been tokenized?
- Legal Compliance – How does Alternun align with national regulations governing mineral rights? Is it legally possible to tokenize ownership of these reserves?
- Smart Contract Audits – Has Alternun conducted third-party audits to verify contract security?
- ATN Token Launch – When will ATN tokens be publicly available, and will they be launched at all?
- DAO for Project Selection – Does the DAO for selecting funded projects already exist?
- Profit Distribution Clarity – What exactly determines which profit distribution model is applied?
Alternun shares similarities with ClimateCoin, which also tokenizes assets to fund regenerative projects. However, ClimateCoin operates in carbon credits, while Alternun focuses on gold reserves.