MGL Caelum strives to drive the Blockchain & AI technology innovation in mining and energy development to radically improve the way the commodity market works, which leads to a prosperous, sustainable future. We are creating the CAEL Commodity Trading Platform that provides complete transparency, efficiency, and accessibility for all stakeholders.
MGL Caelum plans to establish a business complex with tangible mining and energy assets and advanced technology-backed solutions.
CAEL Ecosystem is unique as it is the first multi-asset, blockchain-based infrastructure that radically improves how the commodity market works. We plan to implement five synergetic projects in Mongolia, including an industrial park, power plant, supply chain, crypto mining, and data center, to guarantee the CAEL Commodity Trading Platform’s success.
CAEL is a functional multi-utility token that will be used as the medium of exchange between participants on the Cael Commodity Trading Platform in a decentralized manner. The goal of introducing CAEL is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem without intermediaries such as centralized third-party entities.
We hold 20 percent of shares at the MGL Development, which owns various mineral resource deposits with over $3 billion in-situ resource value. We are developing the high-tech Industrial Park in central Mongolia based on this. Also, with the MGL Development, we will build a coal-fired, emission-free, 600-megawatt power plant to secure energy needs for our projects.