Securix is a crypto mining operation that will be based in the Netherlands in what use to be a sugar processing factory (give me some sugar baby!!!). I am a big fan of mining ICO's like this one. It is a very good passive income stream for investors. It is also good for crypto in general as it helps further secure and decentralize the Bitcoin network. The SRXIO token is an erc-20 token that will live on the Ethereum network.
Benefits of being a Token Holder:
Lots to unpack from the benefits of holding this token. 45% is inline with what the other similar mining operations are offering so that doesn't make Securix stand out on that point. It does have some other interesting benefits that the others don't. The EAN-2-EAN energy cost savings keeping the kwh down as well as finding a way to get paid for the extra waste heat are both are very interesting ideas and unique to this project as far as I've seen. The last stand out to me is the buyback and token burn always a great thing and in this case it pulls double duty increasing your tokens value as well as giving you a higher % of revenue sharing.
79% of the tokens going into decentralized hands, that is a very very good percentage. I'm usually looking for 50%+ with higher being better. This means that later when the other tokens come into play they don't devalue your tokens. 15% to the founders is a reasonable amount. The founders tokens are locked for 12 months with them only being unlocked 5% each month thereafter. Pretty standard but good to see as it shows the founders have confidence in their project. Another forward thinking idea I haven't really seen before is the limited bonus tiers to stop the devaluation of the tokens. Just another positive, showing that this project seems to have people who are thinking ahead a little more then other projects.
Token Usage:
This is the most important part of any review you read on cryptocurrencies weather it's an ICO or an already launched token or coin. As an investor the token/coin is what you are buying it needs to be integral to the success of the product. If it isn't there is no reason to believe your investment will be worth anything. That lesson out of the way it's pretty simple in the case of Mining ICO's in general. The tokens are tied to the product as owning them gives you rights to revenue share, so SRXIO tokens should increase in value as Securix's reputation grows.
ROI for mining ICOs are simply incredible. If they are able to payout what they are projecting they are an incredible investment. As they state in their whitepaper this graph is a projection based on available info, it isn't a guarantee it will be completely accurate. Crypto in general has had a tough ~6 months but even at current prices this project is projecting nearly a 100% ROI in one years time. This is really only possible because of how early we are in the crypto space. These kind of opportunities will become few and far between as more and more adoption happens.
Securix Mega Vault Wallet
This is a mobile app dashboard that will safely store your SRXIO tokens and will be where you receive your revenue share. It will also provide news and technical stats on Securix. This is both good and bad imo. While it is nice that they are developing a mobile wallet that is very secure. It forces you to hold your tokens in the Securix mega vault wallet to receive your revenue share. This is a nice benefit for those who want it, however I would like to see them just allow us the option of holding our tokens in our Ethereum wallets and send our revenue share there. (update) After speaking to admins in the Securix telegram https://t.me/securixio I've been informed you can hold your SRXIO tokens in your Ethereum wallet and receive your revenue share there. So that's great news imo.
In conclusion this is a very strong Mining ICO imo. The white paper is a cut above any other Mining ICO I've seen and is really good in comparison to any white paper I've read. I'd like to reiterate that passive income is king. If Securix can come anywhere close to the ROI it is projecting this isn't an opportunity to be missed. I've done reviews on some other Mining ICO's they are going to start sending profits the end of this month or the next, seeing how those perform will give a good indicator of how well Securix will fair.
https://securix.io/
https://securix.io/wp/Securix_Whitepaper_onepager_GB.pdf
https://twitter.com/securixio
https://twitter.com/GaryKsiazek
https://bitcointalk.org/index.php?action=profile;u=1874767
Disclaimer - I am not your financial adviser, please do your own research. Read the whitepaper and some other articles before investing in anything.
