For every blockchain behind any cryptocurrency, be it based on PoW, PoS, PoE, or PoP, mining remains an essential part. While some tokens start pre-mined at 50% or even 100%, the majority of the cryptos out there run on their blockchains with the existing mining algorithms. In short, miners support a blockchain network which is decentralized, at first, but which get centralized as the costs to start operating on them increase. MinedBlock is there to present a reliable model for investors by turning the mining into a service. MinedBlock platform also runs its own cryptocurrency, dubbed as MBTX.
About MinedBlock and the MBTX token
MinedBlock plans to build a dedicated mining facility that will center on extracting multiple coins from the top 50 by market capitalization to make sure that a wide range of revenue streams for customers is in place.
The MinedBlock project is led by Greg Wales (CEO) & Paul Bishop (COO), and Matthew Ruff (CSO). They proposed a platform oriented towards mining as a service, which would address the usual difficulties of cloud mining service. MinedBlock plans to do that by running an STO and through transparency and equal participation.
MinedBlock will operate the Security Token Offering, or the STO, using Polymath ST20 fully compliant tokens. In short, the platform will give clients access to a large-scale mining operation without them requiring to purchase costly mining equipment and pay extra money to configure, maintain, and use the mining tools.
To achieve that, the MBTX token will sustain a feedback ecosystem, creating an ecosystem that will keep mining as a service.
Details on the MinedBlock MBTX token
The company, MinedBlock Holding Limited, will keep 75% of the total Mining Service, while shareholders would possess 95% out of that before-mentioned amount. To participate in the STO, customers have to comply with anti-money laundry and KYC policies.
During the MBTX STO, the MBTX Security Token Offering is currently running with a 5% bonus on purchases. MBTX tokens are priced at $0.15 each.
What mining equipment would MinedBlock use?
According to the MinedBlock documentation, the following mining equipment will be used:
- Bitmain Antminer S15 and S17 – BTC Mining
- Custom Built GPU Mining Rigs – ETH & altcoin mining
Keep in touch with MinedBlock
STO Info – https://www.minedblock.io/assets/stoinfo.pdf
Facebook – https://www.facebook.com/MinedBlock/
Twitter – https://twitter.com/mined_block
Reddit – https://www.reddit.com/r/MinedBlock
Telegram – https://t.me/minedblockofficial
Agnes is a technical writer, being in touch with reports to come up with the latest tech leaks.