whats minedblock transparency plan?
I agree with it, They must really have some transparent plan for their investors. It will going to help them also to get some people or possible investors attention that might join the project.
I don't see any percent of revenue sharing mentioned, but I have not checked all the documents as of now. If I see any such information, I will update here.
They would give 75% of mined tokens converted to eth and distributed to all holders of minedBlock. It’s stared on the website. That would mean they would hold 25% of mined tokens.
How about maintainance of the facility? And electricity? Would 25% of mined tokens always be able to pay for that?
Hhmm. They giving too much shares of the mined tokens to their investors or share holders, The same question comes on my mind too on how they will going to maintain the facility needs if they will going to have 25% only for it.
i guess 25 percent is not bad for the company shares since they need some cash for maintaining the facility and to cover some expenses. Since the project is build for a long term investment i guess its fair enough for the team and investors.
I wonder about the tax, if the project needed to pay the tax for the facility and for the project depends where the facility is located. i hope the remaining 25% can still pay it if ever they need to pay the tax since they are building a big facility