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

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

Kindly remove your spam from our thread before we report it!

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

Take a look at the key advantages of MinedBlock!

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.

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

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

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.

OpenFinance Network and tZero deal solely in security tokens

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.

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.

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 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

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

100% of the energy we use will be renewable