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INTRODUCCTION: Blockchain technology and cryptocurrency market are growing at incredible rates, with thousands of daily newcomers into this world, most of the top cryptocurrencies still use proof-of-work (hardware mining) algorithms to ensure their network stability and security, this is translated in millions of ASIC miners connected around the world by individuals or huge mining operations which consume a lot of electricity and this is extremely bad for the environment.
MASTERNODE OPERATION: As security is our biggest concern, Masternode Servers will be hosted with the best and most secure providers in the market, Masternodes collateral will be held by MASTERCLOUD in high security vault installations and masternode hosting will be done trough a third party provider, we will hire skilled security companies to ensure online and physical security of Masternodes. Operation revenue will be automatically transferred to ETH, to ensure secure distribution to token holders trough Smart Contracts. Once a masternode is dead or not generating income, MASTERCLOUD will sell collateral for ETH at best possible price and distribute trough dividends if there is not an option to replace the dead MN, we will only host well established Masternode Coins with 24hr trading volume of more than 100k USD and Market cap higher than 10 million USD, we will never risk betting on new MN coins unless they reach this criteria, dividend payment process will be fully automated trough smart contracts MASTERCLOUD will reinvest 15% of all dividends into new node instances to ensure profitability and 5% for operational costs, 80% will be distributed weekly to token holders. Masternodes will have a 1 year cycle in which collaterall will be sold and distributed among token holders. All crypto related investment is high risk and you should not invest more than you can afford to loose, by aquiring tokens you are lending ETH or BTC to us to have access to service benefits by being a token holder. TOKEN INFORMATION Mastercloud will Develop a fully secure and regulated ERC-20 compliant Token (PND) built on top of Ethereum Network and it will be audited by the best in the field. You need to store your PND in your Ethereum wallet in order to get access to our operation service. Operation revenue will be distributed amongst token holders in ETH each Fortnight, no FIAT is involved in process. ROADMAP
TOKEN SPEC & ICO FUNDS DISTRIBUTION Token: Mastercloud, ERC20 Ethereum Token
Token Short: MAST
Total Supply: 100,000,000 MAST
Price: 1 ETH=10,000 MAST
Distributed: 93,000,000 MAST
Team: 5,000,000 MAST
Private Sale: 2,000,000 MAST Unsold Tokens will be Burned right after ITO Bonus will be distributed during Main SaleElimination. We will end all roadmap milestones first two monts of quarter but reserve all quarter for intended goal in case of any delay.
ICO FUNDS DISTRIBUTION: 70% Masternode Collateral & Setup
20% IT security Compiance, Platform & web Development, Team salary, Legal Compliance and Third party providers.
10% Marketing
FINAL NOTES AN TO-DO :Mastercloud aims to be a revolutionary fully regulated Masternode as a service project, encouraging environmental-friendly methods and algorithms for running a cryptocurrency network, nowadays there are many positioned POS & Masternode Cryptocurrencies out there that offer decent returns on your investment for helping the Network by running a Masternode, we can add several MN instances in one server plus the added value that we don´t have to invest in expensive mining equipment, there are not electricity fees involved and the initial investment used for MN collateral can be recovered if we choose to do so as a comunnity (polls will be held if this where to be the done) Updates will be made trough Telegram Channel exclusive for ITO contributors and Weekly Blog posts. We promise full transparency by submitting to a vote all important events such as MN aquisition or Elimination. We will end all roadmap milestones first two monts of quarter but reserve all quarter for intended goal in case of any delay.
