⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 65.

Nathan01

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DocTailor IEO on Zloadr

Quote from: ning_aric on March 07, 2019, 10:49:18 AM

Quote from: Pricebrianer on March 07, 2019, 05:06:14 AM

Will all token holders not just institutional investors be able to observe (not participate in) the mining process and facility from day 1? Or will it be completely private investors and partners?

Very important for transparency and to be sure this isn’t like one of those mining scams. Minedblock team should do a YouTube on the proposed location, facility, mining equipment and the team. I think an AMA/Meetups where we get to talk to the team would be great.

Currently most projects gaining at this point, seeing their token value increasing are using this approach of AMA, it always works, so far following the information on this thread I wouldn't expect less from the team in months to come

gee777

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I can see you all are discussing about a proprietary exchange owned by mindblock to allow users trade directly without transferring to other exchanges. This would be a good idea and will soften a lot of process.

Sozialtourist

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Quote from: dcoolguy84 on March 07, 2019, 12:58:31 PM

Quote from: Sozialtourist on March 07, 2019, 02:33:12 AM

Quote from: JooBra on March 06, 2019, 02:39:21 PM

Quote from: dcoolguy84 on March 06, 2019, 02:21:11 PM

Ofcourse its not exchange but mining platform, however, won't they need an exchange to list MBTX to allow customers/miners to exchange what they earn/gain?

I was asking myself the same question. Hope we get the answer soon.

Not sure exactly what you mean to be honest. MBTX tokens will be listed on exchanges pretty surely but these have to be special exchanges that are allowed to trade security tokens.

And yes, MinedBlock needs an exchange to trade the coins they mine for ETH (which they then pay out to their token holders). But here they aren't really limited to which exchange they will use for that.

What I mean was, whatever crypto we mine over MinedBlock, we will need an exchange to sell it, right. That may be taken care by directly sending them to other wallets or exchanges.
Other part was, locally, I think they could be exchanged with MBTX, but in long run, listing MBTX itself on other prestigious exchanges will help more.

But 'we' don't mine anything by ourselves. The mining process will be managed by MinedBlock and they will also take care of the conversion of their mining profits to ETH and then the payout of the profits to the token holders.

dcoolguy84

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Quote from: Sozialtourist on March 07, 2019, 02:33:12 AM

Quote from: JooBra on March 06, 2019, 02:39:21 PM

Quote from: dcoolguy84 on March 06, 2019, 02:21:11 PM

Ofcourse its not exchange but mining platform, however, won't they need an exchange to list MBTX to allow customers/miners to exchange what they earn/gain?

I was asking myself the same question. Hope we get the answer soon.

Not sure exactly what you mean to be honest. MBTX tokens will be listed on exchanges pretty surely but these have to be special exchanges that are allowed to trade security tokens.

And yes, MinedBlock needs an exchange to trade the coins they mine for ETH (which they then pay out to their token holders). But here they aren't really limited to which exchange they will use for that.

What I mean was, whatever crypto we mine over MinedBlock, we will need an exchange to sell it, right. That may be taken care by directly sending them to other wallets or exchanges.
Other part was, locally, I think they could be exchanged with MBTX, but in long run, listing MBTX itself on other prestigious exchanges will help more.

ning_aric

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Quote from: Pricebrianer on March 07, 2019, 05:06:14 AM

Will all token holders not just institutional investors be able to observe (not participate in) the mining process and facility from day 1? Or will it be completely private investors and partners?

Very important for transparency and to be sure this isn’t like one of those mining scams. Minedblock team should do a YouTube on the proposed location, facility, mining equipment and the team. I think an AMA/Meetups where we get to talk to the team would be great.

Nathan01

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Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: Sozialtourist on March 06, 2019, 07:21:17 AM

Quote from: MinedBlock on March 04, 2019, 04:08:42 PM

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency

Such an investor dashboard sounds like a great idea but I think to be on the safe side you should also publish the address where your mining profits go to. Just in case someone doesn't trust your dashboard, so that he can check your mining income by himself.

I think this is brilliant by itself and would really aid the transparent nature of the process already. I've seen project become successful and fail due to the opaque nature of the way their project was conducted. Mineblock could make use of this knowledge

Pricebrianer

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Will all token holders not just institutional investors be able to observe (not participate in) the mining process and facility from day 1? Or will it be completely private investors and partners?

Sozialtourist

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Activity: 686

Merit: 101

Quote from: JooBra on March 06, 2019, 02:39:21 PM

Quote from: dcoolguy84 on March 06, 2019, 02:21:11 PM

Ofcourse its not exchange but mining platform, however, won't they need an exchange to list MBTX to allow customers/miners to exchange what they earn/gain?

I was asking myself the same question. Hope we get the answer soon.

Not sure exactly what you mean to be honest. MBTX tokens will be listed on exchanges pretty surely but these have to be special exchanges that are allowed to trade security tokens.

And yes, MinedBlock needs an exchange to trade the coins they mine for ETH (which they then pay out to their token holders). But here they aren't really limited to which exchange they will use for that.

Getadaaa

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STO tokens are the best we got from blockchain based projects and it’s great to invest in these ones. Since your project is one of the first STO projects, have you considered any partnership?

ning_aric

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Quote from: Getadaaa on March 05, 2019, 09:07:29 AM

Quote from: Getadaaa on March 05, 2019, 09:01:39 AM

I believe security tokens like Minedblock, will be a key component of future cryptocurrency markets and of blockchain technology adoption. It has the potential to considerably reduce many frictions among which regulations makes the top of the list.

It’s a step towards worldwide acceptance and adoption. But how about listing on an exchange? Few months back, binance signed a partnership with Malta stock exchange to launch STO tokens trading and getting a broker license is required for any exchange willing to trade STO Tokens.
What’s Minedblock plan to getting listed being an STO ?

I know discussions about getting listed on an exchange should come much later after distribution or token sales, and there are just a few reasons anyone would want to sell his/her Minedblock tokens, but it’s would be great to know liquidity of Minedblock tokens would be easy. Being the first STO tokens issued by a mining project, it shouldn’t be difficult getting listed, but are your options limited to exchanges with broker license?

JooBra

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Quote from: dcoolguy84 on March 06, 2019, 02:21:11 PM

Quote from: Sozialtourist on March 05, 2019, 03:24:32 PM

Quote from: Pricebrianer on March 05, 2019, 01:15:30 AM

Although there are just a few projects which are licensed to issues STO tokens, Would you be able to provide me info how you guys are attracting customers to your exchange with all the competition and bearish market trend?

I don't understand exactly what you mean with 'attracting customers to your exchange'? Not sure what MinedBlock has to do with an exchange but I guess you want to know how they can attract investors to their tokensale?

I guess their best selling point is that they are fully compliant with SEC regulations and that they are hosting an security token offering. And also the possibility to get a passive income by just holding their tokens is a nice perk of MinedBlock.

Ofcourse its not exchange but mining platform, however, won't they need an exchange to list MBTX to allow customers/miners to exchange what they earn/gain?

I was asking myself the same question. Hope we get the answer soon.

dcoolguy84

copper member

Activity: 425

Merit: 0

Quote from: Sozialtourist on March 05, 2019, 03:24:32 PM

Quote from: Pricebrianer on March 05, 2019, 01:15:30 AM

Although there are just a few projects which are licensed to issues STO tokens, Would you be able to provide me info how you guys are attracting customers to your exchange with all the competition and bearish market trend?

I don't understand exactly what you mean with 'attracting customers to your exchange'? Not sure what MinedBlock has to do with an exchange but I guess you want to know how they can attract investors to their tokensale?

I guess their best selling point is that they are fully compliant with SEC regulations and that they are hosting an security token offering. And also the possibility to get a passive income by just holding their tokens is a nice perk of MinedBlock.

Ofcourse its not exchange but mining platform, however, won't they need an exchange to list MBTX to allow customers/miners to exchange what they earn/gain?

Sozialtourist

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Activity: 686

Merit: 101

Quote from: nxnqauff on March 06, 2019, 09:43:23 AM

Quote from: MinedBlock on March 04, 2019, 04:08:42 PM

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency

Interesting. Transparency would be at its peak in this way. Is that mean can I already assume that Minedblock has already started with mining?

Of course, they haven't started to mine yet. Mining equipment is quite costly. That's why they have a token sale.

But I would also be interested when they plan to start their mining business and when token holders can expect their first payouts.

gee777

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Activity: 728

Merit: 10

Quote from: nxnqauff on March 06, 2019, 09:43:23 AM

Quote from: MinedBlock on March 04, 2019, 04:08:42 PM

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency

Interesting. Transparency would be at its peak in this way. Is that mean can I already assume that Minedblock has already started with mining?

This is great. This is what I call innovation and customer intelligence. This is transparency at its peak. I should stop pumping up now. By live counter do you mean real time feed?

nxnqauff

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Activity: 840

Merit: 17

PG-PAY Gold Backed Token

Quote from: MinedBlock on March 04, 2019, 04:08:42 PM

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency

Interesting. Transparency would be at its peak in this way. Is that mean can I already assume that Minedblock has already started with mining?

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: MinedBlock on March 04, 2019, 04:08:42 PM

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency

Such an investor dashboard sounds like a great idea but I think to be on the safe side you should also publish the address where your mining profits go to. Just in case someone doesn't trust your dashboard, so that he can check your mining income by himself.

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: MinedBlock on March 05, 2019, 05:54:56 AM

Quote from: Nathan01 on March 05, 2019, 01:41:59 AM

Quote from: MinedBlock on March 04, 2019, 04:41:10 PM

Quote from: Sozialtourist on March 04, 2019, 04:10:10 PM

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
- They have a smaller dividend share than we offer - 50% vs 75%
- They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.

I found this in your Whitepaper "MinedBlock Holding Limited will own 75% of the total Mining Service offered and all profits will be distributed to the token holders each month" what's the effectiveness of this when 95% of the token will be in the hands of holders? Doesn't that nullifies this effort by itself?

No. MinedBlock Holding Limited will own 75% of the mining Service, while the other 25% will be used to grow the service and buy tokens back etc.
95% of MinedBlock Holding Limited will be owned by the investors and token holders. The founding team/MinedBlock Limited will own 5% of the tokens.

Hmmm impressive, when do you propose for the start of operation? In the case of not meeting the various caps expected what becomes mineblock next option? Will you do a refund?

Sozialtourist

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Activity: 686

Merit: 101

Quote from: Pricebrianer on March 05, 2019, 01:15:30 AM

Although there are just a few projects which are licensed to issues STO tokens, Would you be able to provide me info how you guys are attracting customers to your exchange with all the competition and bearish market trend?

I don't understand exactly what you mean with 'attracting customers to your exchange'? Not sure what MinedBlock has to do with an exchange but I guess you want to know how they can attract investors to their tokensale?

I guess their best selling point is that they are fully compliant with SEC regulations and that they are hosting an security token offering. And also the possibility to get a passive income by just holding their tokens is a nice perk of MinedBlock.

dcoolguy84

copper member

Activity: 425

Merit: 0

Quote from: Nathan01 on March 04, 2019, 10:27:30 AM

Quote from: dcoolguy84 on February 27, 2019, 02:27:51 PM

Quote from: Nathan01 on February 27, 2019, 10:09:18 AM

Read somewhere that the company is registered in the UK, could we have a pictorial proof of office sent here to the thread for evidences. Do the UK allow for ICO to be conducted within the country?

Yes, UK allows ICOs. UK originated cryptos, LTC and ETN are successfully operating in crypto market.

OK I think so far since my last post I've been researching laws guiding crypto in the UK and I haven't found any regulations against crypto there maybe but it's a good thing to see adoption happen across the globe uniformly

Right sir... World is yet to realize potential in virtual currency and big benefits of it.
But their's always another side of the coin.
Other side for virtual currency markets is also to stop misuse of it, this brings in legal norms, kyc etc in picture.
MBTX will definitely win trust of people in general rather than only investors.

Sozialtourist

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Activity: 686

Merit: 101

Quote from: MinedBlock on March 04, 2019, 04:41:10 PM

Quote from: Sozialtourist on March 04, 2019, 04:10:10 PM

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
- They have a smaller dividend share than we offer - 50% vs 75%
- They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.

Thanks for this quick comparison. If this business model proves to be successful, I am pretty sure we will see more security token offerings for mining projects in the future. Especially, when the crypto market recovers again.

Topic: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 65. (Read 8718 times)