Topic: [ICO][ANN]🌙🌙 🌙 Moonlite - Large scale, green crypto mining ICO 🌙 🌙 🌙 - page 6. (Read 22846 times)

Bitcoin Garden: Moonlite, the First Smart-mining Solution
https://bitcoingarden.org/moonlite-first-smart-mining-solution/

As the cryptocurrency industry became more and more popular – a lot of people purchased cryptocurrency mining devices and started mining on their own. As this may sound like great news, it’s not really like that. According to a study, by 2020 the cryptocurrency mining industry would consume more energy than any other. And that will be harmful for the environment.

Luckily, The Moonlite Project plans to revolutionize the way cryptocurrencies are mined by mining at an industrial level using only sustainable, low cost, green energy. The project will mine several cryptocurrencies such as Bitcoin, Bitcoin Cash, Dash and Litecoin by using the newest technologies, Artificial Intelligence and custom algorithms to the betterment of operational efficiency and profits, while also lowering the occurrence of unplanned down-time....

This ones looks interesting!

Good day everybody, thank you for your overwhelming support. I will attempt to answer all questions here:

@laurenB7742 - I am not at liberty to talk about another project which I am not familiar with. 15% is a relatively small percentage anyway you look at it. we have pegged profit distribution to token holders at 35% as we also have an aggressive expansion policy and we feel that this is the best ratio that allows for generosity and expansion to run hand-in-hand. it may also be worthwhile comparing capacity and expected output. 50% of a smaller project may be less than 35% of a larger project. lastly, we allow our token holders to vote on this ratio 4 monthly.

also, does this mining operation have a 12 year fixed base price for their energy??

@jtalk - we have attracted more than $5m worth of investment at our top bonus tier which would otherwise have been forfeited. this was the plan all along. some ico's offer much more than that too. from 1 February, we reduce all bonuses to 50%, irrespective of size.

@paulmaritz - as seen in my previous post, the 2 companies (for this project) are in registration in their respective jurisdictions. you are welcome to email me at [email protected] to request any information of this sort, as it is sensitive info and should not be broadcast in a public setting - however we are willing to provide this info on a case by case basis to interested parties. I own interests in a company names EMK Capital - is non party to this project, and is not related in any way to the company you speak of.

we are really blown away with the support received for our project. phase 1 has had a terrific response, and the final numbers for this phase will be released in a press release, as well as via this thread, social media, and email newsletter (sign up on www.moonlite.io)

waiting for more details

I read the whitepaper and it says on the page 18 that Phase 1 pre-sale opens on 5th January, but this ANN was posted on 9th January. Why is that?
Also the 35% is relatively small share of profit that you are going to use for buy-back compared to similar mining ICOs. Ice Rock Mining will pay 50% of all profit from mining to investors. Also their electricity is cheaper ($0.03) and they also use green energy source (hydroelectricity).

i like the concept in this project, and very interesting to see the bounty program managed by atriz, it's will very interesting to participate in this bounty program and hope will be success.

It didn't come in my knowledge whether it was clarified or not but I would still want to know about this. Usually a maximum of 100% match bonus is offered but you are going out of the way by offering 100%-300% why you decided to offer this much ? Was there any specific reason behind this initiative ?

I am so glad I found this project by clicking on one of these signature campaign members signatures, because I seldom browse through the Alt Coin / ICO's section

I have been searching for a project like this for a long time and have found a home at last.

I signed up immediatly after reading the white paper and figuring out that this is the real deal and not just another faceless ICO.  

Good luck guys, I hope this one will be the one giving the Chinese a run for their money. ^lol^

Have done my contribution 

Hi Paulmaritz,

thanks for your 2 comments.

By rights, the linked-in profile of Eric Krige needs to be updated, so thank you for this. Pentahash was actually the genesis to the MoonLite Project, when we first planned to do it in SA as a private project. As the project scope grew and we realized what we could create, we exited from this original plan due to several factors ranging from political stability, energy prices, energy supply etc, and pentahash was downgraded to a non-project, while we focused on MNL. the equipment is privately owned and operated, and is of no direct interest to the MNL project. the equipment will ultimately be merged into the main data centre as part of MNL (at no cost), and pentahash will be terminated. the important thing to note is that this was the testing ground for the systems, procedures, AI, custom codes and the like, that will be instilled in the MNL project.

in a way it was actually a very important development step, but I can understand the confusion, so I apologize for this.

EMK Capital (Pty)Ltd is a SA registered company, that holds the business interests of E Krige in SA. this is not related to MNL or the Capitevo Group.

The corporate structure for MNL is fairly complex, as we have to be compliant in many jurisdictions, and we have to provide token holder security. in short:

1)Capitevo Group is the holding company (in registration) - this owns all companies below it, relating to the MoonLite Project.

2a) A LLC still in registration in Iceland will own the physical operating equipment, leases, HR contracts and the like, and will function as the "operating entity" for the MNL project
2b) The data centre property and buildings will be purchased through another pre-registered Icelandic corporation to make the process shorter, less complex due to foreign land ownership laws, and reduces transfer taxes - in other words, the property we are buying is already in an LLC, we would effectively be buying the stocks in that company.

3) Capitevo Investments (in registration in 2 jurisdictions) is the investment arm of the group, and executes investments as per the whitepaper and token holder votes.

we have not elaborated on corporate structure as most would find this confusing and would tend to think down the path of "scam", but this is certainly not true. the structures are designed to provide security to token holder capital in the event of downside risk becoming prevalent, and to take advantages of tax laws, and to comply with multi-country laws in many jurisdictions. although not really elaborated on, this is something we have spend a great deal of time and money on, getting it "just right"

E Krige's linked in profile will be updated to prevent any further confusion. we hope this has answered your questions.

MNL Team

Rank doesn't matter that much. To have a newbie account is better than buying a legendary one.

Thanks

I've pmed devs to respond here.

By the way: This looks like a great project. The aim of my line of questions is to satisfy my due diligence. It is not designed to discredit you in any shape or form.

In addition, why do you state "Pentahash Mining is a newly formed company, which operates in the crypto-currency mining space. We have procured the equipment for the first roll-out phase for our first data center. Pentahash will shortly be, and will remain the largest crypto-mining operation in Africa with the following capacity" here: https://www.linkedin.com/in/eric-krige-0b04bb32/

This while it is stated here that "Our mining operations will not have significant market share in global mining operations; however will be the largest mining operation in South Africa, we will easily be able to expand further due to the excellent and lively nature of the operation": https://medium.com/@lalurieno/moonlite-operates-in-crypto-currency-mining-space-to-start-mining-bitcoin-bitcoin-cash-dash-cd59e9245cd6

In other words, my question is: Which of the two companies and/or projects are going to be the largest, Pentahash Mining or MoonLite?

Furthermore, where can I find more information pertaining to EMK Bulk Carriers and The Capitevo Group?

Thank you for your time and effort in this regard.

@MoonLite Project ICO Why is it stated here: https://www.linkedin.com/in/eric-krige-0b04bb32/ that "EMK Bulk Carriers is a subsidiary of EMK Capital"?

I've contacted EMK Capital. They replied: "EMK Bulk Carriers has no relationship to EMK Capital."

I love this - green crypto mining. It's about time someone has done/doing something about this. We all need to do our bit to save the environment before it's too late.

I made a little tiny investment, fingers crossed
All these praises from newbie accounts are freaking me out

Also, you need to up your discussion skills a bit if you want to prove you're legit, addressing a legendary member from a newbie account that way won't help your cause at all
If you can't handle pressure at this stage how can anyone trust you with their money, tens of millions of $ is lot more of pressure, don't you think?

  good ico

Perhaps the most promising project