MOONLITE — CryptoCurrency Mining space to start mining Bitcoin and others
website : https://www.moonlite.io/
Spread across the globe are computing hardware worth thousands of dollars owned by people called miners who devote their time to solving computer puzzles in order to verify transactions on the emerging Blockchain industry. These miners also serve as tireless and decentralized custodians of the blockchain’s integrity.
Mining is integral to cryptocurrencies. It is the only way transactions on popular blockchain network can be secure and solves the age-old double-spending problem that has dogged previous attempts at creating digital currencies.
The cryptocurrency mining industry is currently worth hundreds of billion of dollars annually with Bitcoin alone accounting for $4 billion. Ethereum and Bitcoin mining leads the global cryptocurrency mining scene by 60%. However with the increasing network difficult, mining has become a capital-intense venture requiring powerful and expensive computational hardware to solve increasing complex cryptographic problems. As a result, electricity consumption has spiked up. The amount of energy used for mining Bitcoin in 2017 is greater than most African countries and Ireland. In addition, a single Bitcoin transaction used as much electricity that could power a home for almost a month. Experts have point to China as the country with the more hashpower in the world, accounting for 80% of Bitcoin’s total hash power. This increased energy consumption is negatively impacting on the environment through the emission of CO2. However, there is yet to be a proper redress to the situation until now.
A Revolutionary Solution
Moonlite is a blockchain-based startup that aims to revolutionize the cryptocurrency mining industry through the development of a “green” mining farm.
The company will leverage a 100% sustainable, green energy mining to mine popular cryptocurrencies like Bitcoin, Dash, Bitcoin Cash and Litecoin. The list will be expanded to accommodate more cryptocurrency after a year of the project functionality.
Moonlite offers industrial profitability scale while generating lower cost for it energy resources. 100% of the energy required to drive the mining farm will be generated using Hydro, Geothermal, and Wind power sources. The company will base its first mining operation in the data center capital of the world, Iceland. Iceland has one of the most conducive weather conditions for cryptocurrency mining and cheap eco-friendly electricity power. Iceland’s cold climate will act as natural cooling agent for mining operations, eliminating the traditional need for extensive and expensive cooling infrastructure. The country also boast of 100% literacy rate making it one of the most educated nation in the world with a highly professional workforce.
Moonlite will utilize a number of emergent technologies built over sophisticated Artificial Intelligence networks and custom algorithms to maximize the profits and efficiency of cryptomining operations.
Moonlite is logically structured with diligence and professionalism to consolidates the goal of cryptocurrency mining by employing the latest technology. Developed by a high-talented and versatile team, Moonlite aims to reshape the future of cryptocurrency mining through a 100% eco-friendly platform.
MNL, The Crypto For Profitable Mining
Moonlite’s MNL utility token will act as a the network store of value for all users. The ERC20 compatible tokens is a first of its kind for the cryptomining industry by presenting holders with the unique opportunity of exchanging these tokens for company stock in the near future when Moonlite goes public with its own IPO.
Moonlite will also buy back its token twice annually, allocating 35% of its annual corporate profits to this programme. These tokens will be immediately burned, permanently reducing the 100 million MNL total tokens in circulation. Existing tokens will benefit from the destruction as the token will have increasing growth value spread evenly.
The directives on allocation of profits and management of the profits generated by Moonlite operational activities will be agreed upon by vote from token holder. This will ensure the highest level of transparency for not only the revenue generated by the company, but also its operations, instill a great degree of confidence in the team. The team will also apply a 180 days vesting period for its own token allocation, adding another layer of trust to the project.
Token Benefits
MNL token holders will also benefit from holding the tokens through the following:
- Ownership of an appreciating asset, which is freely tradable on public exchanges
- An awesome token buyback structure that repeats every 6 months — see White Paper for buyback structure and allocation
- Repurchased tokens are burned and eliminated from circulation permanently, therefore increasing the value of remaining token. May also increase market activity towards every buyback period due to the anticipated increase market value of remaining tokens.
- Opportunity to for token holders to voice and decide on all operational aspects of the company through secure voting mechanisms.
The Token Sale
Well written, clearly presented and logically structured, Moonlite pre-sales will be followed by a public sale towards the end of February, once the smart contracts are approved. The initial pre-sale will commence towards the tail-end of January 2018, while the 2nd pre-sale will start February 2018, and the final public sale will go live on 01 March 2018 to end on March 15.
Moonlite will allow interested parties to participate in their token generation by either using fiat payment gateway such as Visa and MasterCard, or any one of the top six cryptocurrencies including Bitcoin, Ethereum and Litecoin. The platform aim to be a secure, transparent and decentralized with an exceptional experience for it users.
Moonlite aims to be operational by the 1st of August 2018 and has already partnered with an independent audit firm — Smart-Dec — who have been commissioned to cross-analyze the performance and progress of Moonlite. Smart-Dec will analyse the company’s operational roadmap, the smart contract, token sale structure for feasibility.
Moonlite is committed to offering a ‘best-in-class’ cryptomining operation, using the most trusted equipment to mine the largest and most stable cryptocurrencies. The company’s operations will be backed up on decentralized high-capacity backup server. The platform will managed collection of mining pool including local nodes and sustainable internet connection.
Funds will be stored on both hot and cold storage wallets.
Moonlite will list it MNL token on several exchange sites two weeks after its token sale.
Advantages
Strength will be attained in introduction and maintenance of security and redundancy
measures:
● Multiple stable currencies mined
● Multiple pools managed, as well as local nodes
● Multiple power supplies and internet connections
● Multiple mining sites
● Backup servers
● Multiple hot and cold storage wallets
● Backup PSU’s, hardware, and systems
measures:
● Multiple stable currencies mined
● Multiple pools managed, as well as local nodes
● Multiple power supplies and internet connections
● Multiple mining sites
● Backup servers
● Multiple hot and cold storage wallets
● Backup PSU’s, hardware, and systems
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 opportunity to profit from mining comes from an ever increasing demand for cryptocurrency, and the accessibility by way of dozens of platforms coupled with the capability to mine a significant amount of crypto currency that may be sold on to the consumers and traders.
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 opportunity to profit from mining comes from an ever increasing demand for cryptocurrency, and the accessibility by way of dozens of platforms coupled with the capability to mine a significant amount of crypto currency that may be sold on to the consumers and traders.
MoonLite will have dedicated ASIC and specialised equipment to mine:
- Bitcoin, and bitcoin derivative’s
- DASH (former Dark Coin)
- Litecoin
- Ethereum, depending on profitability at the time
Token sale
MoonLite will issue the MoonLite Tokens (MNL) via an audited and tested Smart Contract, created to run on the Ethereum ecosystem.Moonlite will allocate 35% of its annual corporate profits to buying back MNL tokens at a premium rate.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.Team tokens are in lockup for 180 days, providing security and commitment to investors.
Moving Forward
Critical Success Factors and Assumptions
● The company needs to continuously update equipment increase or maintain the
available hash-rate to keep up with rising mining difficulty levels.
● Income is based on the business keeping up with rising difficulty levels of volatile
currencies such as DASH. The risk is offset by mining stable currencies such as BTC,
however focus on maintaining constant income levels will need to be primary
● Maintaining a cost effective energy supply
● Keeping costs as per the cash flow projection/budget
● Overall equipment uptime at 90%+
● Additional equipment after phase 1 will be purchased with mining proceeds only
● Maintaining a healthy available cash surplus
● The company needs to continuously update equipment increase or maintain the
available hash-rate to keep up with rising mining difficulty levels.
● Income is based on the business keeping up with rising difficulty levels of volatile
currencies such as DASH. The risk is offset by mining stable currencies such as BTC,
however focus on maintaining constant income levels will need to be primary
● Maintaining a cost effective energy supply
● Keeping costs as per the cash flow projection/budget
● Overall equipment uptime at 90%+
● Additional equipment after phase 1 will be purchased with mining proceeds only
● Maintaining a healthy available cash surplus
Mission Moonlite
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 embrace youth, technology, fun, and aims to be a preferred employer of the best talent available.
We embrace Blockchain Technology, and will continue to advance the company and teams in parallel.
Market capitalization for the floated currency:
The currency after being mined will be broken up as described previously. The portion of the currency to be liquidated will be sold on the exchange because there is an increasing supply of individuals and companies asking to buy crypto currency for trade and investment. This request is not expected to subside.https://www.moonlite.io/
The currency after being mined will be broken up as described previously. The portion of the currency to be liquidated will be sold on the exchange because there is an increasing supply of individuals and companies asking to buy crypto currency for trade and investment. This request is not expected to subside.https://www.moonlite.io/
Mining currency :
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
Bitcoin Cash: $41,558,084,293
Ethereum: $93,405,070,461
DASH: $8,964,815,433
Litecoin: $12,743,719,310
Strategy MoonLite
The cost of manpower and human resources is kept to a minimum — mined in areas with low electricity costs
Mine on an industrial scale and utilize economies of scale and
proportionally reduce overhead costs
The largest and most stable currency mine uses the most efficient equipment
Mining in several pools, and home nodes for each currency
Expansion policy and aggressive equipment replacement
Redundancy is built into every system
The results are split into a ratio of 60:20:20
Modal Distribution
The allocation of capital will be broken down into the following:
The allocation of capital will be broken down into the following:
Operating Assets 28.00% = $ 4 200 000.00
Operational Reserves 13.33% = $ 2 000 000.00
Advisory Team 2.00% = $ 300,000.00
Reserve 56.67% = $ 8 500 000.00
Data Center Team:
3–5 years of IT technical experience and network Responsible for:
Fixed hardware errors if possible
Ensure miners and data center up time
Maintain a specific server role
Affects changes to miners
Monitor miners and mining statistics
Daily reporting to operations manager
Cables and networks
Token Distribution
Developer & Adviser 70 &
Team 5%
Bounty 3%
Pre sale 17%
5% Token Swap Campaign
Profit Distribution Plan
Expansion 35%
Terms 7%
Share BuyBack 35%
Team Bonus 23%
ICO to IPO
Moonlite is entitled to ‘go public’ by offering shares in the traditional IPO. At that time, the MNL token will be redeemable for shares.
Moonlite is entitled to ‘go public’ by offering shares in the traditional IPO. At that time, the MNL token will be redeemable for shares.
Roadmap MoonLite
Concept & Refinement Development February 2017
The Pre-Sale Seed Funding Stage begins — The White Paper and Website are released November 24, 2017
Iron Phase For Sale Previous closed 05 January 2018
Intelligent Contract Audit Results Released January 10, 2018
Phase 1 Pre-Public Sale Opens (100% -300% Bonus Token) 05 January 2018 at 12:00 GMT
Phase 1 of Pre-Sale Closes & Phase 2 Unlock (50% Bonus Token) January 31, 2018 at 12:00 GMT
Pre-Sale Phase 2 Closes
February 14, 2018
Main Sale of ICO Opened
February 28th at 12:00 GMT
ICO Closes
March 15, 2018 at 12:00
Start Data Center 02 Apil 2018
Installation and Mining Networks Begins
July 02, 2018
OPENING OF AUTHORIZED DATA CENTER & STARTING MINING OPERATION August 1, 2018
MOONLITE TEAM
More info please visit / click the link below :
Author
My Bitcointalk username : Liana Kurniawan
My Bitcointalk username : Liana Kurniawan
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