In the world there is a real financial revolution, and now all progressive societies are looking towards virtual money. But not everyone is in a hurry to buy kriptomonety - why, if they can only get? In this case, you do not need any effort - all to make computing equipment, and you will only catch the coins in the bag. But do not rejoice, all is not so bright, and just as we want.
What is the meaning of cryptocurrency mining? Let's start with the fact that cryptocurrency decentralized monetary units, whose emissions are not involved in any bank. All coins appear by generating digital code (hence the explanation why cryptocurrency is digital money). The same codes are nothing more than a collection of zeros and one in a unique sequence. To get new coins, you need to generate new code, but unfortunately, our brains are not able to form long chains of non-repetitive characters, so the production mission of coins is assigned to computing.
Moonlite is a new cryptocurrency mining startup that will allow anyone to buy a stake in the mining of a variety of stable coins via Moonlite's ERC20 token (MNL).
After its upcoming ICO, the company plans to establish crypto-mining data centers in areas with low electricity costs and “clean and green” power plants. The first such center will likely be located in Iceland.
MoonLite Mining aims to add value to all token holders by employing the latest technology, rolled out in the most efficient manner, and run by the most suitable team in order to meet and exceed all performance and growth targets. MoonLite will embrace youth, technology, fun, and aims to be a preferred employer of the best talent available.
Investors will be able to buy into Moonlite via its MNL token, which is currently in pre-sale in the run-up to a late February ICO. Once the business is running, MNL token holders will be able to vote on how Moonlite distributes the revenue it generates from mining.
MNL token holders will be able to trade their tokens on public exchanges, but Moonlite is also offering a unique token buyback program on the Ether Delta exchange.Every six months, holders will be able to sell their tokens back to Moonlite for the token's market price plus 35% of Moonlite's annual corporate profit. Tokens the company buys back will be “burned” – permanently destroyed – so that the number of MNL coins in circulation will drop steadily over time.
Mining Procedure:
The proceeds from mining operations will be split as follows:
- Liquidating a percentage into fiat currency to cover operational costs, ad-hoc re-investment into operations, and to engage in other crypto & blockchain investment opportunities.
- Retaining a certain percentage of crypto-currency, to be kept in cold storage for the appreciation and investment value. A smaller percentage will also be traded by a highly experienced team of in-house crypto-traders to maximize returns.
- Retaining a certain percentage of crypto-currency to be used for planned equipment purchase and expansion.
The ratio will be placed to a vote by token holders on a quarterly basis, but will begin with a 60:20:20 split. All voting will be executed by secure.vote, a decentralized blockchain governance voting system.
Operations are set to begin in August 2018, and we aim to be, in time, one of the larger crypto-mining companies globally.
ICO Details
Moonlite will generate a total of 100 million MNL tokens, offering a maximum of 70 million to investors during the pre-sale and ICO.
Any unpurchased tokens from among those 70 million following the ICO will be permanently destroyed, decreasing the overall supply of MNL, and additional tokens will be destroyed every six months as part of Moonlite’s token buy-back plan.
For the ICO, Moonlite has pegged MNL’s value at 1 ETH to 500 MNL, which means that as of this writing, 1 $MNL costs about $2.10 in USD. However, Moonlite is currently in the first stage of its pre-sale, and is offering scaling token bonuses depending on contribution size and how early investors contribute. The minimum pre-sale buy-in is 0.1 ETH, but big spenders can get a bonus of up to 300% more tokens for their hard-earned money.
The Name Token: Moonlite
Monlite Symbol: MNL
The standard token: Ethereum ERC20
Token Swaps prices: 0002 ETH = 1 MNL
1 ETH = 500 MNL
Token Swaps: the maximum target: 70 million MNL
Token Distribution
70% will be sold during ICO
5% for Advisors
5% for Team
3% for Bounty
17% for Pre-ICO
Accepted Currencies: ETH
ICO Start: 28th of February, 2018
ICO End: 15th of March, 2018
Hard Cap: 70000000 MNL
Road Map
Moonlight project plans to increase the cost of the tokens. To do this, a well-chosen team of the company uses the latest technologies to the maximum to achieve and exceed the intended goals.The blockchain-team believes in absolute transparency. All executive, investment and administrative decisions are sent to a public vote, where the owners of the tokens should say their last word. All financial, cryptocurrency and trade records will be audited annually and will be publicly disclosed.The project can remain profitable in a constantly changing cryptoeconomy, because it uses a lot of cryptocurrencies.
Team Moonlite
The company has a talented team that supports efficient operations of data centers. Qualified support for advisers helps in the planning and execution of a successful launch. The company is very selective in matters of recruitment and works exclusively with talented staff.
More Information about the Moonlite Project :
Website: https://www.moonlite.io/
Whitepaper: https://www.moonlite.io/wp-content/uploads/2017/11/Moonlite-Final-White-Paper.pdf
Telegram: http://t.me/moonliteico
Twitter: https://twitter.com/MoonLite_ICO
Facebook: https://www.facebook.com/MNLCoin/
Author : Restu Siregar
Bitcointalk Profil : https://bitcointalk.org/index.php?action=profile;u=1285905