Mining of crypto currency is one of the major components of virtual currencies and is quite profitable way of generating revenues from these digital currencies. Return of Investments (ROIs) are pretty much high in the of crypto currency mining processes. But the issue here that there is a need of huge number of investments required to build up a complete set up to start and operate mining process. Moreover, not only tools are essential but the challenge is also to manage the technical crew and other technicalities which is not easily possible. Human and financial resources along with managing some place to start mining operations cannot be managed easily and in a smooth manner.
One of the biggest challenges for an an environmentally-conscious cryptocurrency enthusiast is how to square enthusiasm for the technology with its environmental cost. Bitcoin and Ethereum mining both already use more energy than small countries. The exact numbers are a topic of some debate, but the bottom line is that proof-of-work cryptocurrencies are power-hungry.
MoonLite intends to grow into one of the largest crypto currency mining organizations in the world by using low cost, sustainable, and green energy exclusively, run by the best team available, and using customized algorithms and Artificial Intelligence installations to dramatically improve operational efficiency and autonomy of all data centres, by implementing our custom “smart-mining” solution.
100% of the energy we consume is generated using Hydro, Geo-Thermal, and Wind sources. The MoonLite Project will base its first mining operation in data center capital of the world, Iceland, where the average tariff for the industrial connections are 0.043 USD per kWh. Our data centers enjoy a contractual supply of the cleanest energy available, and at a multi-year fixed rate, and additionally do not need to provide extensive cooling infrastructure due to the cool Icelandic climate.
Moonlite also aims to offer investors peace of mind about the legitimacy and security of its mining operations. Mining rewards will be quickly moved from hot wallets to cold wallets, and the keys to those cold wallets will be stored in a bank vault.
60% of the company’s mining returns will also be liquidated into fiat currency and invested in more traditional investment products to ensure the company is less vulnerable to hacks or severe crypto market fluctuations.
Mining facilities will be secured with a variety of hardware and software solutions including fencing, CCTV surveillance, biometric access systems, dedicated security teams, and strong firewalls to prevent any unauthorized wired or wifi access to the mining network.
Moonlite also promising investors an impressive amount of transparency. It will update investors via social media and emailed newsletters, of course, but its whitepaper also promises that investors will enjoy “direct contant” to senior management “without delay.” Investors will even have opportunities to tour Moonlite’s mining facilities in person once they’re up and running.
MoonLite Mining aims to add value to all token holders by employing the latest technology, rolled out in the most efficient manner, and run by the most suitable team in order to meet and exceed all performance and growth targets.
MoonLite will have specialised equipment to mine:
Bitcoin, and bitcoin derivative’s
DASH (former Dark Coin)
Litecoin
Ethereum, depending on profitability at the time.
The company aims to continue mining high value, proven and stable currencies with the view of turning some of the mined currencies into fiat currency, while retaining the balance in crypto-currency for the purpose of expansion and investment value.
The Market Capitalisation for the currencies we will be mining:
Bitcoin: $252,419,830,420
Bitcoin Cash: $41,558,084,293
Ethereum: $93,405,070,461
DASH: $8,964,815,433
Litecoin: $12,743,719,310
All currencies mined (rewards) will be paid upon set thresholds. These thresholds will be set so that reward payments are made daily, or twice daily.
These rewards will be paid from the mining pools to our hot wallets with multi-sig requirements for each currency. At the end of each day, or as often as reasonably required, the full contents of the hot wallets will be transferred to our cold wallets for secure storage.
We will have a cold wallet for each currency, and have backup wallets in case of theft, damage or failure of the primary wallets. All private keys will be stored in a secure vault within our bank. There will be no copies of these private keys saved, printed or otherwise stored anywhere else.
Value Offering To Investors:
• Repurchase of tokens at a premium, creating immediate liquid returns
• Tokens that are repurchased are “burned” and removed from circulation. This will increase the value of existing tokens still in circulation
• Tokens are freely transferrable on a public exchange
• Monthly operational and financial updates
• Formal signed financial statements produced and distributed to token holders half-yearly
• Annual financial audit and audit of the smart contracts. Results to be circulated
• Voting over certain operational aspects
• Direct access to senior management
• Perfect operational and financial transparency
• Team tokens are in lockup for 180 days, providing security and commitment to investors
ICO Details
Moonlite will generate a total of 100 million MNL tokens, offering a maximum of 70 million to investors during the pre-sale and ICO.
Any unpurchased tokens from among those 70 million following the ICO will be permanently destroyed, decreasing the overall supply of MNL, and additional tokens will be destroyed every six months as part of Moonlite’s token buy-back plan.
For the ICO, Moonlite has pegged MNL’s value at 1 ETH to 500 MNL, which means that as of this writing, 1 $MNL costs about $2.10 in USD. However, Moonlite is currently in the first stage of its pre-sale, and is offering scaling token bonuses depending on contribution size and how early investors contribute. The minimum pre-sale buy-in is 0.1 ETH, but big spenders can get a bonus of up to 300% more tokens for their hard-earned money.
Interested parties can contribute in a variety of cryptocurrencies including Ethereum, Bitcoin, Litecoin, DASH, and Ripple, but the company’s also accepting direct credit card contributions via VISA and MasterCard. MNL tokens will be sent to an ERC20 wallet address of the contributor’s choice. And as is usual with ICOs, Americans can’t participate.
Be a part of this tremendous project.We invite you to make history in the crypto currency and mining space by investing in the creation of the one of the largest and most unique mining farm in the world.
For more information, please visit the links below;
Website: https://www.moonlite.io/
Whitepaper: https://www.moonlite.io/wp-content/uploads/2017/11/Moonlite-Final-White-Paper.pdf
Telegram: http://t.me/moonliteico
Twitter: https://twitter.com/MoonLite_ICO
Facebook: https://www.facebook.com/MNLCoin/
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