ZMC is the digital asset proof issued by BitSE, it is the rights of equity of Zcash United Mining project. This mining project is held by BitSE. ZMC holders will get ZEC mining profits everyday. YUNBI is incharge of distributing the mining profits.
Detail introduction, please visit:
https://yunbi.com/crowdsale/plansZMC additional rights offering plan:
https://oaa8c7nvd.qnssl.com/zpen.pngBitSE official site:
https://bitse.com/ICO Introduction?
ZMC is short for Zcash Mining Certificate, it is the rights of equity of Zcash United Mining project. ZMC is issued by BitSE. Each ZMC represents 0.05 H/s hashrate for Zcash, it will continue make share ZEC for until the first havling of Zcash. If a user holds ZMC on his account, he will receive the mining profits proportionally each day on 4:00 a.m. The profits settlement will be in ZEC.
How to share out the mining profits?
ZMC profits sharing period will be effective until the end of first halving of Zcash. ZMC will be functioning until the first halving of Zcash on Block Height 840,000 (approximately 4 years).
After first halving, BitSE will assess the project and determine whether ZMC mining service could prolong for other 4 years.
ZMC trading will be prolonged as long as ZMC can has mining profits sharing ability.
ICO Detail
ICO will starts at Dec 3rd, 2016, UTC+8, and will end at Dec 19th. After the ICO ends, the ZMC will be frozen for 1 month before they can generate profits. On Jan 19th, 2017, each user holds ZMC will get their mining profits and ZMC will be listed on the second market.
The first ICO of ZMC raised 1000 BTC and generated 1,000,000 ZMC. The issuing ratio of ZMC to BTC is 1000:1. The first ZMC ICO was taken place on October, ZMC got listed on the second market on Nov 5th.
For business development purpose, BitSE issued the second ZMC ICO with the amount of 15,000,000. The price is 0.001 BTC / ZMC. 1,000,000 ZMC has already been purchased by institutional investors, the rest 5,000,000 ZMCs are offered on the second ZMC ICO on Yunbi exchange.
Return Mechanism
The second ICO of ZMC doesn't have return mechanism.
