⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡

[MinedBlock]

I’ll like to know, how does Minedblock plan to share updates on mining profits and cost? With investors not being a part of the mining process, I’ll like to know how Minedblock team plans to be transparent with profits?

Not sure if this is possible but maybe they can mine their coins to an address that everyone who is interested can check all the time and in this way see exactly how much they made with mining. Transparency is here very important.

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency

[Sozialtourist]

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

[MinedBlock]

I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.

Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC.

To be honest I have to look into the SEC stuff as I don't know whether there any easy routes these projects could take. If they have really undergone an intense scrutiny by the SEC, there isn't any doubt then. I just don't know what processes the SEC offers. I can imagine there is also some "light" route.

I mentioned a few pages ago that we are SEC compliant - that isn't the same as approved.

The 'quick' option we have taken is a Regulation D exemption under Rule 506c. That means that we can sell to accredited US investors, that we can advertise the sale of securities and most importantly that we have declared that we might be a security under US law.

The other option is to register a Regulation A+ offering which would allow us to sell to any US citizen and not just the Accredited ones. This is a 6-9 month process that can cost upwards of $300k. We will do this once we are operational but not as a startup

[MinedBlock]

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
 - They have a smaller dividend share than we offer - 50% vs 75%
 - They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.

[ning_aric]

That’s right according to your whitepaper. On a 1 token to 1 shares on Minedblock project, why would anyone want to sell off Minedblock tokens in the buyback program. IDK but that’s certainly a good way to drive the price in the market while rewarding early investors.

[Nathan01]

Regulations from Thai came in just days ago. Now I hear about Germany. Its a nice move from most of the countries. Then people will start recognizing projects like Minedblocks as they are already offering STO.

It’s a good thing Minedblock tokens are securities, STO , not just ICO Tokens. From the very start investors funds are secured and wouldn’t be bothered about regulations.

Combining with the power of security this new public offering have is also the fact that it is one hell of a transparent means of keeping track of company progress, also a downside cos value of the token in a long run lies greatly on the value of the company as it keeps growing or retarding

[Pricebrianer]

Although there are just a few projects which are licensed to issues STO tokens, Would you be able to provide me info how you guys are attracting customers to your project with all the competition and bearish market trend?

[Nathan01]

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
 - They have a smaller dividend share than we offer - 50% vs 75%
 - They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.

I found this in your Whitepaper "MinedBlock Holding Limited will own 75% of the total Mining Service offered and all profits will be distributed to the token holders each month" what's the effectiveness of this when 95% of the token will be in the hands of holders? Doesn't that nullifies this effort by itself?

[MinedBlock]

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
 - They have a smaller dividend share than we offer - 50% vs 75%
 - They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.

I found this in your Whitepaper "MinedBlock Holding Limited will own 75% of the total Mining Service offered and all profits will be distributed to the token holders each month" what's the effectiveness of this when 95% of the token will be in the hands of holders? Doesn't that nullifies this effort by itself?

No. MinedBlock Holding Limited will own 75% of the mining Service, while the other 25% will be used to grow the service and buy tokens back etc.
95% of MinedBlock Holding Limited will be owned by the investors and token holders. The founding team/MinedBlock Limited will own 5% of the tokens.

[ning_aric]

Although there are just a few projects which are licensed to issues STO tokens, Would you be able to provide me info how you guys are attracting customers to your exchange with all the competition and bearish market trend?

That’s right. Promotions are vital. At first glance, Minedblock is one of the few projects with the license to issue STO Tokens. There was a bounty to promote the ICO sales tokens sales few months back. I’ll suggest the team have another bounty or airdrop to promote STO tokens sales.

[Getadaaa]

I believe security tokens like Minedblock, will be a key component of future cryptocurrency markets and of blockchain technology adoption. It has the potential to considerably reduce many frictions among which regulations makes the top of the list.

[Getadaaa]

I believe security tokens like Minedblock, will be a key component of future cryptocurrency markets and of blockchain technology adoption. It has the potential to considerably reduce many frictions among which regulations makes the top of the list.

It’s a step towards worldwide acceptance and adoption. But how about listing on an exchange? Few months back, binance signed a partnership with Malta stock exchange to launch STO tokens trading and getting a broker license is required for any exchange willing to trade STO Tokens.
What’s Minedblock plan to getting listed being an STO ?

[ethtrader16]

Cost of Electricity could go so high in some countries. I don’t know about Iceland and Sweden. But what plans do you have to cut down the cost of electricity in these mining facilities? Is there a partnership, contract or something.

Especially in Iceland there is the possibility to use electricity from geothermal power plants. Keeping in mind that we should do something to battle global warming, I hope that they will get their electricity mainly from renewable energy sources.

100% of the energy we use will be renewable

That you mean to say, you are using natural energy sources to do mining? What kind of natural energy sources do you have or planning for infuture?

[nxnqauff]

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
 - They have a smaller dividend share than we offer - 50% vs 75%
 - They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.

Its good to know about the competitors and understand their strategy. I am hearing this project name for the first time. Thanks for sharing it here.

[Sozialtourist]

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
 - They have a smaller dividend share than we offer - 50% vs 75%
 - They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.

Thanks for this quick comparison. If this business model proves to be successful, I am pretty sure we will see more security token offerings for mining projects in the future. Especially, when the crypto market recovers again.

[dcoolguy84]

Read somewhere that the company is registered in the UK, could we have a pictorial proof of office sent here to the thread for evidences. Do the UK allow for ICO to be conducted within the country?

Yes, UK allows ICOs. UK originated cryptos, LTC and ETN are successfully operating in crypto market.

OK I think so far since my last post I've been researching laws guiding crypto in the UK and I haven't found any regulations against crypto there maybe but it's a good thing to see adoption happen across the globe uniformly

Right sir... World is yet to realize potential in virtual currency and big benefits of it.
But their's always another side of the coin.
Other side for virtual currency markets is also to stop misuse of it, this brings in legal norms, kyc etc in picture.
MBTX will definitely win trust of people in general rather than only investors.

[Sozialtourist]

Although there are just a few projects which are licensed to issues STO tokens, Would you be able to provide me info how you guys are attracting customers to your exchange with all the competition and bearish market trend?

I don't understand exactly what you mean with 'attracting customers to your exchange'? Not sure what MinedBlock has to do with an exchange but I guess you want to know how they can attract investors to their tokensale?

I guess their best selling point is that they are fully compliant with SEC regulations and that they are hosting an security token offering. And also the possibility to get a passive income by just holding their tokens is a nice perk of MinedBlock.

[Nathan01]

Speaking of other mining projects ... Are there any other competitors to Minedblock that are also going the security token route? I heard of eGold Mining for example. How is that project different to Minedblock?

eGold Mining shares some similarities with our project but there are a few differences:
 - They have a smaller dividend share than we offer - 50% vs 75%
 - They plan to keep 20% of the total token supply vs the 5% that we plan to keep

I'm unsure of how they are securing their tokens. We are using a clear 1-to-1 token to share model for the 'security' of the tokens. eGold plan to use 5% of their net profits and put them into an escrow account which means there will be a significant period of time before they match the 'secure' money to the invested funds.

It would be better to do your own research and see what you think.

I found this in your Whitepaper "MinedBlock Holding Limited will own 75% of the total Mining Service offered and all profits will be distributed to the token holders each month" what's the effectiveness of this when 95% of the token will be in the hands of holders? Doesn't that nullifies this effort by itself?

No. MinedBlock Holding Limited will own 75% of the mining Service, while the other 25% will be used to grow the service and buy tokens back etc.
95% of MinedBlock Holding Limited will be owned by the investors and token holders. The founding team/MinedBlock Limited will own 5% of the tokens.

Hmmm impressive, when do you propose for the start of operation? In the case of not meeting the various caps expected what becomes mineblock next option? Will you do a refund?

[Sozialtourist]

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency

Such an investor dashboard sounds like a great idea but I think to be on the safe side you should also publish the address where your mining profits go to. Just in case someone doesn't trust your dashboard, so that he can check your mining income by himself.

[nxnqauff]

Once we are live there will be a live investor dashboard including feeds from the wallet addresses, an approximate calculation of what dividend payment you can expect and the hashrates we are achieving.

We promise 100% transparency

Interesting. Transparency would be at its peak in this way. Is that mean can I already assume that Minedblock has already started with mining?