What is Moria? Moria Tokens represent ownership of royalties from the Bates-Hunter Gold Mine. By holding these tokens in your ERC-20 wallet, payouts of royalties commencing at 20% of the ICO price will be made to you in Ether, every 3 months.
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The mine has been described as "one of the best gold projects on the planet", supporting 350 jobs.
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Mining in the Philippines began around 1000 BC. The early Filipinos worked various mines of gold, silver, copper and iron. Jewels, gold ingots, chains, calombigas and earrings were handed down from antiquity and inherited from their ancestors.
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At its peak, the Independence hard-rock gold mine was home to 206 workers and 16 families who lived high above tree line. Digging and blasting, these workers recovered 140,000 ounces of gold before the mine shut down in the wake of World War II.
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