New project listed at
https://cryptostocks.com Direct url -
https://cryptostocks.com/securities/24Description: The purpose of the Pyra-Proxy BTC project is to allow those parties interested in Pyramining to pool their resources and create a conducive environment where they can enter and leave participation at will while still having the opportunity to participate in the pyramining model of mining.
Pyra-Proxy BTC will establish a permanent presence in the Pyramining ecosystem with appropriate reinvestment to maintain and marginally grow its stake while simultaneously providing maximum dividends to project constituents to keep the project viable.
INVESTMENT PLAN (PRE PYRAMINING ASIC IMPLEMENTATION)
Prior to the Implementation of Pyramining ASICs this project shall invest only in the top 2 tiers at a ratio of 1:2, investing in 3 BTC or higher quantities. In tier 1 the funds will be directed at FPGA mining to allow for some dividend income to start accruing. In tier 2 the funds will be directed at ASIC pre-purchase allocation allowing some bonus to benefit tier 1 but aimed at providing maximum performance when Pyramining ASICs are release.
The pre ASIC phase also supersedes the reinvestment model, whereby 90% of pyramining pay outs are redirected to tier 1 and 10% is taken for dividend dispersion and 0% administration fee.
INVESTMENT PLAN (POST PYRAMINING ASIC IMPLEMENTATION)
Pyra-Proxy BTC will invest all resources into a 4 tiered Pyramining cluster to maximize reward and benefits from the Pyramining model. Investments will be added in whole BTC increments. Initial resource induction will seed all 4 tiers at a ratio of 1:2:4:8 to maximize mining bonuses and speed the time when dividends can be made.
Upon receipt of Pyramining payments the reinvestment and dividend take plan active at the time will be implemented within 48 hours.
The Pyramining top level account will be made public so that any participants or prospective participants can fully audit current and past performance as well as verify that the program is operating properly within the given charter.
REINVESTMENT AND DIVIDEND PLAN
90% of pyramining payments will be reinvested in the 4th tier as soon as the total is greater than 1 BTC 10% of pyramining payments will be redirected as a dividend take less 5% of the dividend take for administration fees, these will be paid within 48 hours of payment.
Non-voting planned adjustment to this structure immediately following the first pyramining payment received after 1 BTC has cascaded sequentially through each of the 4 tiers.
The new plan at this time will be 60% reinvestment into the 4th tier and a 40% dividend take less the 5% of dividend take for administration fees
All future amendments to this plan will require majority vote by the programs participants.
CURRENCY TRADING FOR PROFIT GENERATION
This program is not designed to reap gains through the currency trading and only deals directly in BTC assets.
PROGRAM SOLVENCY
Pyra-Proxy BTC will remain viable so long as 2 environmental conditions are true. 1-Cryptostocks is active and allowing for continued operation; 2-Pyraming remains a viable mining operation.
In the event of a collapse of BTC and/or a failure of the conditions above, the administrators will attempt within reasonable power to proportionally disburse cryptocurrency units to the program participants as they become available with 0% reinvestment and 0% administration fee.
