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
