Hello, Libertymind!
Very interesting project, I think!
I have a few questions:
1. Why the Poloniex?
2. Why the ETH?
3. What is the maximum supply of tokens and is there any?
4. What will be the mechanism of mining work?
Thank you in advance!
Hey,
EvRo74 and
hoop!
Sorry for a long reply! We have a lot of work to do.
Why the Poloniex?1. Poloniex is the largest crypto-exchange out there. They have an API that restricts managing part and withdrawals. Moreover, they have margin trading. We will be adding new crypto-exchanges in the future (next one will be Bittrex) and customers who have access to our product for Crypto-Currency market will be able to choose the exchange they like.
Why the ETH?2. We chose to base our tokens on Ethereum because it is the obvious choice. It is easy, many people have an experience purchasing ERC20 tokens and know how to do it. Moreover, it will be difficult to find smart-contract engineers if we would choose something else.
What is the maximum supply of tokens and is there any?3. The supply of tokens is 200,000,000 MIRO, but only 65% of tokens will be for sale. You can find detailed token and processed distribution percentage on a token sale page:
https://mirocana.com/token-sale The price of one MIRO token is 0,001 ETH. The contract of tokens is not deployed yet.
What will be the mechanism of mining work?4. You, as a miner, install our app on the machine you want to mine on. This app asks our server for mining task. If there are any, app downloads the data it needs to run the task. There will be two types of tasks: backtesting strategies (in that case it downloads quotes + additional data) and backtesting simulation (it will download predictions from a large number of strategies and train neural nets on that data). The difficulty of the task is not known before it's done and can be only estimated. You will be able to see how much MIRO tokens you mined and with what speed in you Miner account on our website. According to our calculation will be much more profitable for miners than mining Ethereum or Bitcoin, especially for small miners.