Hi guys!
I am very interested in your ICO and have some questions answers to which are vital for my decision to invest.
I have read your Whitepaper very carefully but unfortunately couldn't find this information
To be fair I asked similar questions in groups of other mining ICOs (don't think it is right thing to name them here since you are competitors)
1) Tokens give share in profits. So I need to know in details all info on the costs.
1.1) What is your estimation of other costs per KW/h apart from electricity (like salary, Internet, repairs, rent)?
1.2) What taxes (e.g. income tax) and at what rates will be paid?
1.3) How can we be sure that you will not knowingly increase costs (salary for example) to make profits zero and legally not pay anything to token holders?
2) You plan to build data center in Kazakhstan
2.1) What is legal status of cryptocurrency mining in Kazakhstan? Is it allowed? What taxes are applicable?
2.2) Which company produces electricity in your region? Do you have an agreement with electricity producer for electricity supply? What power is reserved for you? Can you please provide contract or an agreement of intent?
2.3) You state that the price of electricity is USD 0.03 per KW/h. Please provide support for this price. Is it stated in the contract?
2.4) What happens if you raise all $23 mln on ICO? Will there be sufficient electricity power and area to build such data center?
3) You plan to buy Antminer S9
3.1) Do you have contract or an agreement of intent with Bitmain? In case of success you will have to buy great amount of ASICs. How can you be sure that you will be able to buy ASICs in large amount?
4) You plan to list tokens on exchange in June
4.1) Do you have an agreement with any exchange?
4.2) Your token is defenetly a security token. How are you going to overcome this fact in order to be listed on exchange?
Thx for your time!
Wish you good luck in raising all $23 mln!!
Hello!
1.1) What is your estimation of other costs per KW/h apart from electricity (like salary, Internet, repairs, rent)?
- All this info will be officially published when we will start mining. And all these spendings will be on IRM side, sitting in the 20% of maintenance fees.We have no rent. But please be sure, in Kazakhstan salaries usually 5 times less than in Europe or USA.1.2) What taxes (e.g. income tax) and at what rates will be paid?
For now, we don't pay any taxes, because crypto and mining are not regulated in our country, and the second reason is due to our corporate structure. Head company is registered in Nothern Ireland. TAx-free for Kazakhstan. You will be able to watch all the documents in Data Room section on our website.1.3) How can we be sure that you will not knowingly increase costs (salary for example) to make profits zero and legally not pay anything to token holders?
Are you really asking this question? You think that salary of 10 people will get all the profit? We will make official reports. 2) You plan to build data center in Kazakhstan
Sir, we have a cave. In our property. Please read our white paper first. No rent. No building centres and facilities.2.1) What is legal status of cryptocurrency mining in Kazakhstan? Is it allowed? What taxes are applicable?
Answered.
2.2) Which company produces electricity in your region? Do you have an agreement with electricity producer for electricity supply? What power is reserved for you? Can you please provide contract or an agreement of intent?
Please check Data Room. We have everything there. All the agreements.2.3) You state that the price of electricity is USD 0.03 per KW/h. Please provide support for this price. Is it stated in the contract?
Answered.2.4) What happens if you raise all $23 mln on ICO? Will there be sufficient electricity power and area to build such data center?
Impossible. The hard cap is $13.5 mln.3) You plan to buy Antminer S9
If new miner will not appear, yes3.1) Do you have contract or an agreement of intent with Bitmain? In case of success you will have to buy great amount of ASICs. How can you be sure that you will be able to buy ASICs in large amount?
Yes we have. Data Room.4) You plan to list tokens on exchange in June
Yes. Please check the road map at our website. And in White Paper4.1) Do you have an agreement with any exchange?
For ROCK2 - still no. According to road map we will start negotiation not earlier than May.4.2) Your token is defenetly a security token. How are you going to overcome this fact in order to be listed on exchange?
There are plenty of different exchanges who deals with ERC20 tokens
Please, read the white paper and check the website before.
All of this questions are answered in FAQ, White Paper, Telegram Chat and Website.
It will save Time to you and to us.
Have a Good Day!
Thx for your time!