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HashRental (ICO)

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HashRental marketplace connects sellers (miners) of hashing power with hashing power buyers through smart contracts, decentralized Escrow. It offers an easy-to-use and easy-to-use tool for all crypto-market participants to create as much profit as possible. The only existing large cryptocurrency mining market has been hacked by the end of 2017. As a result, market customers lose $ 60 million. So this seems like a problem we can do.

Problem:

  • Another existing market is a centralized service. That's the point of weakness. It's only a matter of time until the hackers decide to attack this platform, just as it did.

Solution:

  • HashRental has created the First Decentralized Depressed Power Market.

HOW IT WORKS

For Hashing power sellers:

Sellers (miners) can run HashRental software or connect their mining devices (GPU Rigs, ASICS, Pcs and smartphones) to the HashRental server (stratum port). The power of their hashing is automatically forwarded:

  1. Go to the set that the buyer has selected for mining. Then Seller is paid * in ETH for renting from smart contract after they confirm.
  2. Go to the HashRental pool, if no order volume is required. Then Seller is paid in ETH from HashRental Pool. This is all done automatically and the process does not require complicated technical skills.
  • The rental price is determined by the current weighted average and refreshed every minute.

For buyers Hashing power:

  1. Select the cryptocurrency you want
  2. Select the pool where you want to mine
  3. Set the amount of hashing power required
  4. Determine the time period of the required order
  5. Place the calculated amount (or more) of the Luhn coins into the smart contract *. It provides proof-of-funds and allows for a safer trade. Then:

=> Successfully confirmed the acceptance of the number of hashing power needed, and escrow escrow.
=> A party raises a dispute, and carries a third party arbitrator, gives them the key to decrypt the message and work with both parties to make a resolution.

  1. Get prizes from selected pools in cryptocurrency (Btc, ETH, and others)
  2. Trade is complete!

Smart contracts allow users to exchange securely (coin Luhn → hashing power → other cryptocurrencies) with each other and collect, and name trusted third parties to mediate trading in case of a dispute. Currently, trusted mediators are always hashrental.io, but contracts will be adjusted in the future to switch to a reputable arbitration pool.

ABOUT LUHN TOKEN

Token named for Hans Peter Luhn. Starting in the 1940s, Luhn devised machines and schemes for parsing information, most notably the now widely used hashing algorithm, which he suggests as a way to sort both numbers and text.

The ERC20 token standard, which stands for Ethereum Requests for Comment, is a standard set of programming "rules". Luhn coin is Ethereum-based token. The Ethereum blockchain is a distributed, open-source blockchain-based computing platform.

ABOUT ICO:
Token will be offered on pre-sale for 30 days:

=> Pre-sale Start Date: April 17, 2018 21:00 UTC
=> End Date Pre-sale: May 17, 2018 9:00 PM UTC
=> Pre-Sales Volume Token: 384,400,000 LUHN
=> Pre-Sales Bonus: 62%.
=> Price (including bonus): 1 LUHN = 0,000048ETH ($ 0,024)
=> Minimum contribute 10ETH = 208330LUHN
=> Pre-Sales Bonus: 38%.
=> Price (including bonus): 1 LUHN = 0,000058ETH ($ 0.029)
=> Minimum contribute 0.1ETH = 1724LUHN
=> Start Date Sales: May 18, 2018 21:00 UTC
=> End Date Sales: June 18, 2018 21:00 UTC
=> Token Sales Volume: 235,600,000 LUHN
=> Selling price: 1LUHN = 0,00008ETH ($ 0.04)
=> Minimum contribute 0.1ETH = 1250LUHN
=> Total Supply: 1.000.000.000 LUHN
=> Distribution to Pre-Sales and Sales Token (in short): 62%: 620,000,000 LUHN.
=> Soft Cap: 5000ETH ($ 2.5M)
=> Hard Cap: 49600ETH ($ 24.8M)
=> Payment: Accepted Payment Form: Ether ("ETH").

TOKEN DISTRIBUTION

=> 62% (620.000.000LUHN) for Token Sales
=> 1% (10.000.000LUHN) for Legal Cost of Token Sale
=> 10% (100,000,000LUHN) to the founding team, given over a period of 1 year
=> 2% (20.000.000LUHN) to Bounty collection
=> 25% (250.000.000LUHN) to the bonus pool and reserve

USE OF PROCEEDS

=> 90% (18,513,000) Growth Grants
=> 5% (1.028,000) ongoing government and legal support
=> 5% (1,029,000) Operating Cost

ROADMAP

TEAM HASHRENTAL

  1. Ian Edwards - Co-Founder
  2. Janice Hopkins - CDO & Co-Founder
  3. Omkar Patel - CTO & Blockchain Developer
  4. Narendra Santra - Blockchain Developer
  5. Sandra Markevich - Marketing Director
  6. Larry Kim - Business Development
  7. Sarvesh Singh - Blockchain Developer
  8. Sayan Dey - Blockchain Developer

HASHRENTAL Important Links

HashRental (ICO) | Ecency