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Title: [PRE-ANN] MinerShares - Mining farm backed cryptocurrency- 8 Month lab dividends Post by: MinerShares on July 17, 2017, 05:37:41 AM Hello, have an idea for a project to make an asset based on cloud and home based mining labs. If enough support is given initially, a slack channel and whitepaper will be created to host the token sale exchanged in BTC, ETH, and IFLT. The initial mining lab will consist of 5 L3+ Litecoin miners. Purpose: -To create a deflationary asset that has a reduction in the circulating supply over time based on the mining revenue of various cryptocurrencies. -To give initial investors a dividends program the first 8 months a share of the mining revenue paid in BTC, LTC, or ETH paid weekly. -To engage a buyback program post-dividends where 20% of coins involved in the weekly market volume are burned with a minimum market volume subsidy, depending on miner performance. -To serve as a long term store of value that isn't dependent on a higher influx of new users each year. If in support in the idea of hosting a token sale, I would like to know whether users prefer for this to be created as a standard ERC-20 token, or hosted on it's own blockchain sourced from Bitcoin or Litecoin. Total supply: 25,000,000 coins ICO price: 150 sats/MS |
