⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 66.

nxnqauff

member

Activity: 840

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PG-PAY Gold Backed Token

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.

Its good to know about the competitors and understand their strategy. I am hearing this project name for the first time. Thanks for sharing it here.

ethtrader16

copper member

Activity: 658

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Empowering crypto w/ sustainable energy

Quote from: MinedBlock on March 04, 2019, 04:06:11 PM

Quote from: Sozialtourist on March 03, 2019, 12:42:37 PM

Quote from: Pricebrianer on March 03, 2019, 09:16:37 AM

Cost of Electricity could go so high in some countries. I don’t know about Iceland and Sweden. But what plans do you have to cut down the cost of electricity in these mining facilities? Is there a partnership, contract or something.

Especially in Iceland there is the possibility to use electricity from geothermal power plants. Keeping in mind that we should do something to battle global warming, I hope that they will get their electricity mainly from renewable energy sources.

100% of the energy we use will be renewable

That you mean to say, you are using natural energy sources to do mining? What kind of natural energy sources do you have or planning for infuture?

Getadaaa

jr. member

Activity: 448

Merit: 3

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 ?

Getadaaa

jr. member

Activity: 448

Merit: 3

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.

ning_aric

full member

Activity: 826

Merit: 102

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?

That’s right. Promotions are vital. At first glance, Minedblock is one of the few projects with the license to issue STO Tokens. There was a bounty to promote the ICO sales tokens sales few months back. I’ll suggest the team have another bounty or airdrop to promote STO tokens sales.

MinedBlock

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Activity: 112

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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.

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

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?

Pricebrianer

jr. member

Activity: 364

Merit: 3

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 project with all the competition and bearish market trend?

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: Getadaaa on March 04, 2019, 12:16:52 PM

Quote from: nxnqauff on March 04, 2019, 11:38:05 AM

Regulations from Thai came in just days ago. Now I hear about Germany. Its a nice move from most of the countries. Then people will start recognizing projects like Minedblocks as they are already offering STO.

It’s a good thing Minedblock tokens are securities, STO , not just ICO Tokens. From the very start investors funds are secured and wouldn’t be bothered about regulations.

Combining with the power of security this new public offering have is also the fact that it is one hell of a transparent means of keeping track of company progress, also a downside cos value of the token in a long run lies greatly on the value of the company as it keeps growing or retarding

ning_aric

full member

Activity: 826

Merit: 102

That’s right according to your whitepaper. On a 1 token to 1 shares on Minedblock project, why would anyone want to sell off Minedblock tokens in the buyback program. IDK but that’s certainly a good way to drive the price in the market while rewarding early investors.

MinedBlock

copper member

Activity: 112

Merit: 0

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.

MinedBlock

copper member

Activity: 112

Merit: 0

Quote from: Dump3er on March 04, 2019, 03:38:10 PM

Quote from: Sozialtourist on February 15, 2019, 06:47:18 AM

Quote from: Dump3er on February 15, 2019, 05:36:24 AM

I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.

Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC.

To be honest I have to look into the SEC stuff as I don't know whether there any easy routes these projects could take. If they have really undergone an intense scrutiny by the SEC, there isn't any doubt then. I just don't know what processes the SEC offers. I can imagine there is also some "light" route.

I mentioned a few pages ago that we are SEC compliant - that isn't the same as approved.

The 'quick' option we have taken is a Regulation D exemption under Rule 506c. That means that we can sell to accredited US investors, that we can advertise the sale of securities and most importantly that we have declared that we might be a security under US law.

The other option is to register a Regulation A+ offering which would allow us to sell to any US citizen and not just the Accredited ones. This is a 6-9 month process that can cost upwards of $300k. We will do this once we are operational but not as a startup

Sozialtourist

full member

Activity: 686

Merit: 101

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?

MinedBlock

copper member

Activity: 112

Merit: 0

Quote from: Sozialtourist on March 04, 2019, 11:39:39 AM

Quote from: ning_aric on March 03, 2019, 02:11:02 PM

I’ll like to know, how does Minedblock plan to share updates on mining profits and cost? With investors not being a part of the mining process, I’ll like to know how Minedblock team plans to be transparent with profits?

Not sure if this is possible but maybe they can mine their coins to an address that everyone who is interested can check all the time and in this way see exactly how much they made with mining. Transparency is here very important.

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

MinedBlock

copper member

Activity: 112

Merit: 0

Quote from: Sozialtourist on March 03, 2019, 12:42:37 PM

Quote from: Pricebrianer on March 03, 2019, 09:16:37 AM

Cost of Electricity could go so high in some countries. I don’t know about Iceland and Sweden. But what plans do you have to cut down the cost of electricity in these mining facilities? Is there a partnership, contract or something.

Especially in Iceland there is the possibility to use electricity from geothermal power plants. Keeping in mind that we should do something to battle global warming, I hope that they will get their electricity mainly from renewable energy sources.

100% of the energy we use will be renewable

MinedBlock

copper member

Activity: 112

Merit: 0

Quote from: Pricebrianer on March 03, 2019, 09:16:37 AM

Cost of Electricity could go so high in some countries. I don’t know about Iceland and Sweden. But what plans do you have to cut down the cost of electricity in these mining facilities? Is there a partnership, contract or something.

We don't have a discount rate contract, we picked it because the normal prices are really low. If we raise enough funds to build a bigger farm initially then we can talk to electricity suppliers about reduced rates.

There is an alternative option available where we could reduce the electricity cost down as low as 2.5 cents a kilowatt hour but we'd need to build a 20 megawatt facility to get that rate

Dump3er

hero member

Activity: 1526

Merit: 597

Quote from: Sozialtourist on February 15, 2019, 06:47:18 AM

Quote from: Dump3er on February 15, 2019, 05:36:24 AM

I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.

Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC.

To be honest I have to look into the SEC stuff as I don't know whether there any easy routes these projects could take. If they have really undergone an intense scrutiny by the SEC, there isn't any doubt then. I just don't know what processes the SEC offers. I can imagine there is also some "light" route.

ctrades31

newbie

Activity: 392

Merit: 0

Quote from: nxnqauff on March 04, 2019, 12:21:26 PM

Quote from: Getadaaa on March 04, 2019, 12:16:52 PM

It’s a good thing Minedblock tokens are securities, STO , not just ICO Tokens. From the very start investors funds are secured and wouldn’t be bothered about regulations.

Do we already have information about how much they have raised until now? I have not seen any counter in their website till couple of days back.

That's what I also want to know but I couldn't found it. I guess we will know this information from their social medias also? Is that possible?

nxnqauff

member

Activity: 840

Merit: 17

PG-PAY Gold Backed Token

Quote from: Getadaaa on March 04, 2019, 12:16:52 PM

It’s a good thing Minedblock tokens are securities, STO , not just ICO Tokens. From the very start investors funds are secured and wouldn’t be bothered about regulations.

Do we already have information about how much they have raised until now? I have not seen any counter in their website till couple of days back.

Getadaaa

jr. member

Activity: 448

Merit: 3

Quote from: nxnqauff on March 04, 2019, 11:38:05 AM

Regulations from Thai came in just days ago. Now I hear about Germany. Its a nice move from most of the countries. Then people will start recognizing projects like Minedblocks as they are already offering STO.

It’s a good thing Minedblock tokens are securities, STO , not just ICO Tokens. From the very start investors funds are secured and wouldn’t be bothered about regulations.

Topic: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 66. (Read 8718 times)