HashKey Chain Eco Lab
Hashkey Grant Application #69
cantguardyoung
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Session 1
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Grant Type
Session 1
Email
youngmakabaka@gmail.com
Telegram
@cryptomakabaka
X/Twitter Handle
@cryptomakabaka
Discord/Community
No response
Previous Application
N/A
Code Audit
Not yet
Project Information
1.24K Finance is an RWA project focusing on tokenized gold mine assets. Through 24K, users can invest in gold and gold mines through cryptocurrencies and enjoy more than a 30% APY generated during the mining process.
With 24K, we aim to make investment in gold mines accessible to all and provide a more efficient alternative for gold investment.
2.24K aims to tokenize global gold mine resources to enhance liquidity and promote financial inclusion.
Features:
Impact:
Team Competitiveness:
3.24K will prioritize the chain that can effectively leverage our gold mine resources and technically support the various functionalities and high TVL we aim to achieve in the early stage of our development. The number of unique user addresses in the ecosystem and the potential technical and partnership resources that the chain will provide will also be considered as an important factor.
5.Yes
6.Yes
7.We will be building 24K on Hashkey chain. We will leverage blockchain's native infrastructure, including built-in compliance layers, oracle support, and tokenization standards, to ensure seamless, secure, and scalable gold mine asset tokenization. Our smart contracts incorporate proof-of-reserve, physical audit data, and cross-chain interoperability to guarantee that each token is transparently backed 1:1 by verified gold reserves from our licensed mining operation.
Market Analysis
Competitors:
PAXG （only tokenized Gold in Secondary Market）
DIGIX (only tokenized Gold in Secondary Market）
STAU (Jewelry Focused)
AsteroidX (Gold Mine Focus, not yet own any mines)
Lumia (Tokenization Focus, not yet own any mines)
Why do we stand apart:
Dr.Max and Hugh have decades of experience managing, operating, and raising funds for gold mine projects. They also have professional mining skills, such as aligning with compliance, minimizing mining costs, and effectively leveraging partnership, labor, technological, and governmental resources in the region where the mine is located. They have three gold mines in Africa now. Other products like Lumia, which could help tokenize assets, do not have real assets now. Furthermore, Young has experience in building a DEFAI product with 1M+ Users, demonstrating strong skills in building products with true PMF.
In simpler terms, we are competitive in:
While we can provide the following resources that others can't:
Go-to-market
Technology & On-chain Infrastructure
We will be building 24K on public blockchains. We will leverage blockchain's native infrastructure, including built-in compliance layers, oracle support, and tokenization standards, to ensure seamless, secure, and scalable gold mine asset tokenization. Our smart contracts incorporate proof-of-reserve, physical audit data, and cross-chain interoperability to guarantee that each token is transparently backed 1:1 by verified gold reserves from our licensed mining operation.
Business Development & Strategic Partnerships
We are forming alliances with:
Regulated gold custodians and off-chain auditors to guarantee asset legitimacy and compliance.
DeFi protocols and native RWA dApps to offer lending, staking, and collateralization opportunities for our gold-backed token.
Exchanges (both CEX and DEX) for initial listings, including integration with ecosystem partners for early liquidity.
RWA-focused VCs and launchpads for early-stage funding and incubation.
Marketing, PR & Community Education
We are executing a hybrid narrative targeting both crypto-native and traditional investors:
Positioning our token as a "digital gold pass" tied to real mine production, with regular updates on reserves, output, and audits.
Collaborating with public blockchain for co-marketing campaigns, including AMAs, Twitter Spaces, and conference appearances.
Publishing behind-the-scenes footage and “Proof-of-Gold” documentary content from our physical mining site to establish transparency and credibility.
Launching multi-language campaigns to attract global interest, starting with Asia and MENA.
Growth Campaigns & Ecosystem Incentives
To incentivize early participation:
We’ll run an airdrop and staking program for early adopters and miners.
Launch a "Mine-to-Chain" campaign, where users can trace the tokenized gold from mine site to wallet.
Introduce a Gold Ambassador Program in partnership with the community team to board KOLs, regional leaders, and educators.
Collaborate with Web3 analytics platforms to display token transparency dashboards and on-chain proof-of-reserve status.
This GTM strategy ensures our project builds long-term trust, captures early momentum through RWA-native ecosystem, and unlocks liquidity across DeFi and TradFi markets.
Recipient Address
0x7e258ed16b04e0859a4eee8437f9d3964d2c96bc
Budget and Plan
5.Status of products: Demo
Smart Contracts: Our tokenization contracts support 1:1 minting based on verified physical gold mine reserves. The contracts also include freeze/revoke mechanisms for compliance and audit integration.
Proof-of-Reserve Mechanism: We utilize third-party oracles and tamper-proof documentation (including assay reports, storage receipts, and mine audit data) to provide on-chain visibility of real-world gold mine.
Token Design: We have a dual-token model: (1) a stable, asset-backed token fully collateralized by audited gold; and (2) a utility/governance token that captures network value and incentivizes ecosystem growth.
Security & Audit: We will work with a top-tier smart contract audit firm Goplus to complete a comprehensive security audit of our contracts and oracle logic.
Hashkey Relationship
Milestones
1）April - May :
Seek Incubators and VCs: Contact potential incubators and venture capital institutions for support.
Product Development: Develop the project website, design the pre-deposit mechanism, and integrate with professional institutions through on-chain smart contracts.
Design SPV Solution: Complete the registration and legal structure design of the SPV entity to ensure compliance.
Plan Marketing Operations: Formulate plans for community building and marketing.
Community Establishment: Establish the project community and recruit ambassadors.
（2）June :
Officially Release Whitepaper: Publish the whitepaper to the public and investors to enhance transparency.
Product Launch: Launch the website and fully open the pre-deposit function.•
Implement SPV and Custody Solutions: Officially implement the SPV entity and asset custody mechanism.
Design Points Mechanism: Design a user points system to lay the foundation for subsequent incentive mechanisms.
（3）July - September :
Develop Tokenized Gold Technology: Start researching the technical implementation path for tokenized gold.
Launch Points Incentive Mechanism: Launch the points system to incentivize early user participation.
（4）October - December :
Start First Gold Mining Operation: Begin mining operations at the first gold mine.
Community Building Plan: Launch online community activities to increase user engagement.
（5）2026 January - April :
Asset Evaluation and Gold Reserve Arrangement: Evaluate the assets of the first gold mine and arrange gold reserves.
Smart Contract Development and Token Issuance Preparation: Complete the technical development and testing required for token issuance.
（6）May:
Token Issuance and Listing: Officially issue tokens and list them on major exchanges.
First Revenue Distribution and Airdrop: Distribute revenue and airdrop rewards to early investors and users.
Prepare for the Second Phase: Plan the next stage of gold mine expansion and operational goals.
Terms Confirmation
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