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21  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 26, 2019, 01:29:31 AM
Interesting news with the IEO for your utility tokens. Really wondering on which exchange your sale will take place.

Can you explain to me a bit more precisely what the benefits to me would be for rent my own private mining unit at your facility instead of just holding MBTX tokens?

We’ve found a number of potential investors are wary of security tokens, they are still new and exchange options are limited compared to a normal utility token.

The utility token will return the same benefits as the security tokens except there will be a little more effort involved from the token holder.

MBTX is a fully compliant, passive income token.
MBTU will give access to a selective service with very similar benefits but you’d have to ‘subscribe’ on a periodic basis to keep it active.

Exchange wise, it’s a top 50 exchange currently, we will reveal that in the next couple of weeks but we plan for the IEO to run in the last two weeks of May. We’re still negotiating options to maybe run the IEO  on more than one exchange. That’s all we can say for the moment

An Airdrop and Bounty will be also be announced in the next few days
22  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 25, 2019, 09:23:16 PM
Introducing MinedBlock's Utility token MBTU IEO (NOT REPLACING THE STO)

Service Offering
A selection of mining packages will be available for users to select from with discounts for multiple units

Initially, only ASIC devices will be on offer but we intend to expand the offering to include custom built GPU rigs in the near future

Example:


Bitmain Antminer S15–28T/H

Available in 1, 3, 6 unit packages with discounts

Larger packages will be available upon request

Private Hosted Mining — Highlights
ASIC miners will be dedicated to you and will mine directly to your own wallet
No maintenance, management or technical requirements
Grow your portfolio privately without any effort
ASIC units can be bought or hired.
We aim to to set up within 24 hours
True ‘Utility’
The MBTU token is an ERC-20 utility token that has a number of uses:

It can be used as a payment method to buy MBTX security tokens
It will be able to be used as payment to buy or rent private mining devices
To pay for operating costs (hosting, electricity, management)MinedBlock

Read more at https://medium.com/@MinedBlock/introducing-mbtu-4bdb468f3255
23  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 16, 2019, 08:35:35 PM

Kindly remove your spam from our thread before we report it!
24  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 16, 2019, 02:33:00 PM
Since you don't have a bounty campaign, what are you currently doing to advertise your tokensale? Maybe you could get in touch with some influential crypto Youtubers to make a review about your project.

We are in the process of finalising the details to add a 'Pay as you go' side to our mining service which will utilise a utility token. With that will come a bounty and airdrop campaign ahead of an IEO.

Watch this space... full details will be released soon
25  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 15, 2019, 11:22:15 PM
26  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 15, 2019, 11:17:58 PM

We are working hard behind the scenes on a number of significant developments.
Stay tuned and follow our community for further updates: http://t.me/MinedBlockOfficial

27  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 10, 2019, 04:10:21 PM
28  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 09, 2019, 05:35:40 PM

Take a look at the key advantages of MinedBlock!


29  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ on: April 09, 2019, 05:34:19 PM
30  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 25, 2019, 10:44:42 AM

You have answered some questions here. But many people are interested in knowing how much you have raised until now including me.

I also asked about amount raised until now. But no answer from the team earlier. Also I could not find this information anywhere. Its disappointing.

When I asked the same in their Telegram chat, one of the admins there said that he cannot disclose the numbers because the team has decided to not publish them. That's something I don't like at all. I wish they'd be more transparent in this matter. Maybe they can rethink their decision if they see that here in the forum and also in their Telegram there is a huge public demand to hear how much they raised already and how close they are to reach the softcap.

Hi, we aren't close to the soft cap yet. Public - retail sales have been very slow so far and amount to in the region of $50k. We have a number of ongoing conversations with private investment which are looking promising but nothing finalised yet.

Our marketing push for the pre-sale has been quite limited and we didn't expect to close out the soft cap during the pre-sale anyway even though it would have been good. Transparency is our main priority with our project so apologies for the delay in sharing this information.
31  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 21, 2019, 01:28:14 PM
I cant understand why we should to pay for KYC? And why you have 95% of tokens for tokens sale? You dont have tokens for community building?

The charge for KYC is also just a pre-purchase of some discounted tokens. We are doing this to remove the risk of people going through KYC which has a cost to us and then not investing. Thus wasting funds that can be used productively elsewhere. I would understand the issue if we were charging a huge fee but $2 only just covers the cost of the check and you get it back in tokens anyway.

95% of tokens are available for the community and investors
32  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 18, 2019, 10:42:43 PM
Since MinedBlock is a STO-based security token project, can Tokens be sold or listed on exchanges?  Will mining only be in BTC and ETH,  or  mining other Altcoins?

Currently, the exchange options for security tokens are limited but there are some that are ready to go. As it stands today BTC and ETH are the most profitable assets to mine but the plan is to add other altcoins to mine over time to reduce the risk of volatility affecting the returns we can provide
33  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 18, 2019, 10:36:59 PM
I understand Minedblock is licensed to sell their tokens unlike most mining project scams, but older mining projects like genesis had to cancel unprofitable contracts due to the price of BTC falling and mining hashrate going higher, how does Minedblock plan to realize profits both for themselves and token holders in a bearish market trend?

We will be able to manage that by switching between the assets we mine and the fact that we have low running costs. 75% of profits will be shared equally between token holders. The founders will only have 5% of the 75% profits with the remaining 95% being available to investors.

34  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 18, 2019, 10:19:11 PM

Either way, listing MBTX on other exchanges will definitely boost it.
Not sure if dev team any plans for it in future.

I am totally sure that they have plans to list their tokens. But since it is a security token, it can't be listed on every exchange. They need a special security token exchange as far as I know.

Okay. This is new. Are there any security token exchange that deals solely on security tokens trading?

OpenFinance Network and tZero deal solely in security tokens
35  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 18, 2019, 10:17:33 PM
I saw a post asking about listing Minedblock tokens some days back. I, like most investors, am new to STO token sales, listing and what ever should come next. It would be nice to see the team talk about that.

There are a number of options around listing security tokens with more traditional exchanges working on licensing so that they can also list security tokens. We will absolutely list the token on an exchange but until we raise enough funding to make the project viable it's not the highest priority.

36  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 05, 2019, 10:54:56 AM
Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
 - They have a smaller dividend share than we offer - 50% vs 75%
 - They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.


I found this in your Whitepaper "MinedBlock Holding Limited will own 75% of the total Mining Service offered and all profits will be distributed to the token holders each month" what's the effectiveness of this when 95% of the token will be in the hands of holders? Doesn't that nullifies this effort by itself?

No. MinedBlock Holding Limited will own 75% of the mining Service, while the other 25% will be used to grow the service and buy tokens back etc.
95% of MinedBlock Holding Limited will be owned by the investors and token holders. The founding team/MinedBlock Limited will own 5% of the tokens.

37  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 04, 2019, 09:41:10 PM
Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
 - They have a smaller dividend share than we offer - 50% vs 75%
 - They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.
38  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 04, 2019, 09:13:49 PM
I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.

Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC.

To be honest I have to look into the SEC stuff as I don't know whether there any easy routes these projects could take. If they have really undergone an intense scrutiny by the SEC, there isn't any doubt then. I just don't know what processes the SEC offers. I can imagine there is also some "light" route.

I mentioned a few pages ago that we are SEC compliant - that isn't the same as approved.

The 'quick' option we have taken is a Regulation D exemption under Rule 506c. That means that we can sell to accredited US investors, that we can advertise the sale of securities and most importantly that we have declared that we might be a security under US law.

The other option is to register a Regulation A+ offering which would allow us to sell to any US citizen and not just the Accredited ones. This is a 6-9 month process that can cost upwards of $300k. We will do this once we are operational but not as a startup
39  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 04, 2019, 09:08:42 PM
I’ll like to know, how does Minedblock plan to share updates on mining profits and cost? With investors not being a part of the mining process, I’ll like to know how Minedblock team plans to be transparent with profits?

Not sure if this is possible but maybe they can mine their coins to an address that everyone who is interested can check all the time and in this way see exactly how much they made with mining. Transparency is here very important.

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency
40  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] - MinedBlock - STO - Pre-Sale Live 15th February on: March 04, 2019, 09:06:11 PM
Cost of Electricity could go so high in some countries. I don’t know about Iceland and Sweden. But what plans do you have to cut down the cost of electricity in these mining facilities? Is there a partnership, contract or something.

Especially in Iceland there is the possibility to use electricity from geothermal power plants. Keeping in mind that we should do something to battle global warming, I hope that they will get their electricity mainly from renewable energy sources.

100% of the energy we use will be renewable
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