Cryptocurrency mining is a means of confirming transactions on the blockchain, in addition to rewarding the miners and creating an immutable seal on the blockchain.

Cryptocurrency mining is a very lucrative industry as the introduction of blockchain technology, cryptography and cryptocurrencies has birthed a new approach to decentralized financial ecosystems and infrastructures.

Mining is an integral process in blockchain technology as it is the bloodline for most cryptocurrencies. Mining ensures effective decentralization and transparency for blockchains and transactions carried out on them, as well as being the driving force for the minting of new cryptocurrencies for several blockchains. Concurrently, mining affords tech savvy individuals and investors the ability to make use of their spare money and knowledge base to make more money for themselves.

However, there are several challenges affecting the mining industry, due to the fact that mining machines and farms consume a lot of electricity and energy and the proliferation of dedicated mining machines are making it impossible to mine for cryptocurrencies with just any computer device,coupled with the expensive nature of these mining machines, there exists a need to discover a solution to these challenges and make mining industry a lucrative enterprise for investments.

Introducing MinedBlock Platform, effective mining investment backed by company shares

Minedblock is a cryptocurrency project targeted at investors to enable them make more money from their investors. MinedBlock is proposing the development of a large-scale fully operational mining facility with energy efficient mechanisms and cost effective management conditions, enabling low entry-cost, monthly rewards system and better benefits for investors.

MinedBlock seeks to create a massive product line of mining facilities, with state-of-the-art equipment and technologies, to mine different cryptocurrencies with the target of creating an all-round solution to the challenges looming in the mining industry.

MinedBlock Proposal

MinedBlock Limited, The Parent company of MinedBlock Holdings Limited, which is in-charge of handling and management of the Mining farms, would ensure that all investors are duly compensated with better ROIs schedules than has so far been seen in the market before now. The team has gathered years of experience in the cryptocurrency industry, especially in the mining ecosystem, to build a platform that will benefit everyone, especially the investors. They plan to create MBTX Tokens, a Security Token which will be backed by the shares of MinedBlock Holdings Limited in the ratio of 1:1, which 95% would be owned by the token holders.

In other words, MBTX Token holders would be share holders of the company and would be receiving monthly mining revenue and rewards for holding MBTX Tokens in ETH first, and in any other cryptocurrency of their choice later.

MinedBlock Solution

MinedBlock Seeks to create a one-stop solution to investing in cryptocurrencies in general and mining in particular, to drive for global adoption of cryptocurrencies and mining as a way of life and a means of technology, the team is offering a Mining-As-A-Service infrastructure, enabling everyone to buy into the innovative platform they are building. this means that investors can simply become stake holders in the business by holding MBTX Tokens, while the team takes care of the running and management of the mining farms, and transparently showcases revenues and investor interests.

Moreover, because of the electrical and cost implications of running mining farms, the team plans to seek out geographical locations with low electrical fees and favorable climatic, environmental and legal conditions to operate the mining farms and to build the machines in a ready-to-use manner so as to curb technicalities of installation and other processes that would slow down productivity of the mining plants, with the team constantly working towards the effective care and maintenance of the mining machines.

MinedBlock Token Infrastructure:

MinedBlock runs a dual Token Model, with MBTX Tokens and MBTU Tokens.
MBTU is an ERC-20 Token based on the Ethereum Blockchain, which serves as the utility token of the MinedBlock Ecosystem, it is utilized to access the mining as a service offering of MinedBlock Ecosystem, it is also used to pay for periodic mining and management fees, and are freely tradable in the open market.

MBTX Tokens on the other hand is a Security Token of the MinedBlock Ecosystem, it is an ST-20 Token, built on the PolyMath Platform,on the Ethereum Blockchain, it is a KYC Compliant Security token, enabling transparency and effective distribution of monthly revenue.

To ensure Transparency and full effective development, 95% of MBTX Token will be sold completely to the investors, while the 5% meant for the founding Team will be locked until 1st of January 2020. The Token Sale would be run as a Security Token Offering, ensuring the investors and fund managers that MinedBlock Platform would deliver on its promises. The tokens are ERC-1404 Security Token Standard Compliant and can be issued like traditional security tokens,with a 5% Buy-back policy accrual. they are also backed up in the ration of 1:1 by the shares of MinedBlock Holdings Limited.

Token Sales Specification:

Token: MBTX
Platform: Ethereum
Total Token supply: 4a00 million
Accepted currencies: BCH, LTC, USD, ETH, and BTC
Minimum investment: $300

Comparison between MinedBlock and Other Mining Facilities

RoadMap

The Founding Team:

MinedBlock Founding Team Comprises of

Greg Wales: Co-founder and CEO, Matt Ruff( CSO),Paul Bishop (Co-founder and COO),Ruhin Khan (Marketing Consultant), Rishabh Anand( Advisor),Gagandeep Singh(Advisor), The Collective:(Community Management).

For More Information, Follow the Links Below:

WEBSITE
WHITEPAPER
FACEBOOK
TWITTER
REDDIT
TELEGRAM

Bounty0x Username: iamchijamz