AJM.MINING is now live!
Grab some bonds here: https://www.litecoinglobal.com/security/AJM.MINING
View the miner's stats here: http://ltc.kattare.com/ajmmining.php
PENDING CONTRACT
AJM MINING'S PERPETUAL MINING BOND
CONTRACT
1. BOND TERMS
Each bond currently represents a MINIMUM of 1Kh/S ongoing Litecoin mining power.
All bonds sold are free of any maintenance, administration, or utility fees.
Each bond will pay 100% of its earnings on Sunday of every week.
Each bond sold is perpetual and does not expire.
To insure the bond remains viable in the future the issuer reserves the right to increase the minimum hashing speed each bond is worth at any time.
2. GROWTH FUND
An amount equal to 25% of all paid dividends will be held in AJM Mining's growth fund.
Once there are sufficient funds available in the growth fund they will be withdrawn and used to purchase hardware to increase the hash rate each bond is worth.
The issuer will make all final decisions on hardware to be purchased.
Additional hardware will be set up and maintained by the issuer.
After new hardware has been purchased and set up, each existing bonds minimum hash speed will be increased by taking 45% of the aquired hardwares average hash speed and distributing it equally to all bonds available at that time.
3. ISSUING NEW BONDS AND BUY BACK
The issuer reserves the right to release additional bonds at any time.
The price of newly issued bonds can not be lower than 10% of the lowest traded price from the previous 2 weeks.
Each bond sold will always always represent a minimum of 1.25 times the existing hash speed available to back them.
The issuer reserves the right to buy back the bond at any time at a price equal to 1.05 times the highest price a bond was traded for on LitecoinGLobal over the previous 2 weeks.