⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 70.

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Quote from: em777 on February 24, 2019, 05:04:49 PM

Quote from: Kinkadeinspired on February 24, 2019, 11:24:58 AM

Amazingly, I completed my KYC and it literally took 3 minutes as indicated on the website. I think that is a welcomed development as opposed to others KYCs that takes some days to get completed.

Thanks for such information I am yet to conduct my own KYC like you said it great knowing how straight forward the KYC is.

It is indeed a very easy and straightforward method that is completed in the least of times. I was definitely impressed with how fast I was able to complete the whole process.

em777

jr. member

Activity: 574

Merit: 1

when you are fed up transfer your crypto to me

Quote from: Kinkadeinspired on February 24, 2019, 11:24:58 AM

Amazingly, I completed my KYC and it literally took 3 minutes as indicated on the website. I think that is a welcomed development as opposed to others KYCs that takes some days to get completed.

Thanks for such information I am yet to conduct my own KYC like you said it great knowing how straight forward the KYC is.

MinedBlock

copper member

Activity: 112

Merit: 0

Quote from: Nathan01 on February 24, 2019, 11:01:39 AM

Quote from: MinedBlock on February 20, 2019, 04:55:26 PM

Quote from: Sozialtourist on February 20, 2019, 02:29:01 PM

Quote from: ning_aric on February 20, 2019, 01:23:54 PM

Quote from: gee777 on February 20, 2019, 12:07:00 PM

Quote from: Sozialtourist on February 20, 2019, 11:08:38 AM

Quote from: justsimpleram on February 20, 2019, 10:19:03 AM

Quote from: Getadaaa on February 20, 2019, 08:41:14 AM

Being the first mining project issuing security tokens, Minedblock is set to make a difference with future events to give more value to these tokens, like token burn.

Many project that I participated they burn the tokens that not been sold to their tokens sale but in mining project I think burning token is not an option.

Yeah, I guess security tokens won't have token burnings. But the value for these tokens come from the 'dividends' that are paid out to token holders.

Is it even possible to burn security tokens? because this is a mining project where the tokens will be involved in a lot of their activities. I am just assuming though.

This is the first security tokens with mining profit stakes and No, it isn’t possible. At least not with this one. I read that somewhere in the whitepaper. To appreciate the value of MBTX, the team plans to buy back these tokens from holders in bit until there are no tokens in circulation.

Are you sure that they will try to buy-back tokens? Why should they want that there are no tokens in circulation? That makes no sense to me.

The plan is definitely to buy back tokens but not all of them. We will aim to reduce the supply by up to 50% over time. The reason being if you held 1% at the start of the project and held onto them indefinitely, by the time we reduce the supply your 1% becomes 2% of the total. Add to that the planned growth of the service and you should receive a significantly larger amount of value that you did at the start.

We don't want to create a speculative token, we want our token holders to keep holding because the monthly payouts provide real value and to support that the founding team will only personally make money from this project through their own token holding so if our investors don't get paid then neither do we.

How do you guys plan to fund the operation after probably using up the amount achieved during the currently running ICO campaign? Do you guys have a second option to funding? Whats your plan on money back in the case that the project doesn't achieve its target?

Once(If) funded then the mining farms will be self sufficient other than the growth activities which will also be funded by mining revenue as well.

If we don’t hit our soft cap by the end of the main sale on the 31st May then any investment will be refunded. The back up funding option would make it more of a private mining service which goes against the whole principle of making mining accessible for everyone

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Amazingly, I completed my KYC and it literally took 3 minutes as indicated on the website. I think that is a welcomed development as opposed to others KYCs that takes some days to get completed.

Nathan01

member

Activity: 728

Merit: 11

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