Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions and a mining rig is a colloquial metaphor for a single computer system that performs the necessary computations for mining.This ledger of past transactions is called the block chain as it is a chain of blocks.The block chain serves to confirm transactions to the rest of the network as having taken place.Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Mining is intentionally designed to be resource-intensive and difficult so that number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid.This proof of work is verified by other Bitcoin nodes each time they receive a block.Bitcoin uses the hashcash proof-of-work function.
The MoonLite Project will operate in the Crypto-Currency Mining space, and plans to begin by mining predominantly Bitcoin,Bitcoin Cash,DASH & Litecoin on an industrial scale.Operations are set to begin in August 2018,and aims to be in time,one of the larger global crypto-mining companies.We will establish our data centres in countries where the contractual electricity supply is clean & green,reliable,costs are the lowest,and that are politically stable.Our first data centre is planned to be in the country of Iceland,where the average tariff for an industrial connection is around 0.045 USD per kWh.We have the best operational team to oversee and maintain effective operations of our data centres,and we have the most experienced and qualified board of advisers to assist in planning and executing a smooth launch.We are very selective of who we invite to be part of our team, and only engage with the best talent.MoonLite will combine a number of emergent technologies and systems that will work in synergy to maximize the profits and efficiency of large scale cryptomining.Visit to website https://www.moonlite.io/
The MoonLite Project 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.We will only use 100% clean,green,and sustainable energy sources.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.
The proceeds from mining operations will be split as follows :
• Liquidating a percentage into fiat currency for operational costs and traditional investments,ad-hoc re-investment into operations,and other crypto & blockchain opportunities
• Retaining a certain percentage of crypto-currency for the appreciation and investment value through,investment in a number of crypto-hedge-funds,and investment though other traditional investment channels
• Retaining a certain percentage of crypto-currency to be used for planned equipment purchase and expansion.
Mine the largest and most stable currencies using the most efficient equipment Mine on an industrial scale and capitalise on the economies of scale and proportionately reduced overhead costs Aggressive expansion and equipment replacement policy Mining in several pools, and local in-house nodes for each currency Power and HR costs kept to a minimum mining in areas with low power cost Redundancy built into every system Proceeds split into a 60:20:20 ratio
Strengths and Core Competencies,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
We are a blockchain company and believe in 100% public transparency.All operational,investment,and executive decisions are sent to public vote,where token holders have the last say.Additionally,all financial,cryptocurrency,and trading records will be independently audited on an annual basis,with the results are published publicly.MoonLite will issue the MoonLite Tokens (MNL) via an audited and tested Smart Contract, created to run on the Ethereum ecosystem.
The ICO launches on 28 February 2018 at 12:00 GMT and ends on 15 March 2018 at 12H00 GMT
Token name : Monlite
Symbol : MNL
Standard token : Ethereum ERC20
Token Swap Price : 0.002 ETH = 1 MNL
1 ETH = 500 MNL
Target Swap Token: Maximum : 70,000,000 MNL
Phase 1: Ends at 23:59 GMT on 31 January 2018 Minimum Contribution: 0.5 ETH to qualify for the 100% token bonus. Any amounts less than 0.5 ETH will still receive their tokens, but will receive a 50% token bonus Phase 2: Ends at 00H00 GMT on 01 March 2018 Minimum Contribution: 0.5 ETH Phase 3: Ends at 12H00 GMT on 15 March 2018 Minimum Contribution: 0.5 ETH You can make your contribution quickly, easily and securely via our Sales Portal https://sale.moonlite.io/ Bonus For Investor Phase 1: 100-300% Token Bonus (01 December 2017 to 31 January 2018) Phase 2: 50% Token Bonus for first 12 Hours (28 February 2018 @ 12H00 GMT to 29 February 2018 @ 00H00 GMT) Phase 3: 0% token bonus (ICO ends on 15 March 2018 @ 12H00 GMT)
5% developers and advisers
70% of the issued Tokens to be sold during the actual Token Swap Campaign
After the ICO the token will be listed on public cryptocurrency exchanges.Besides trading at will,each token holder will be able to sell any amount of tokens they wish (provided you own them) on the MoonLite buyback program at the current market value + the equivalent of their share of 35% of the corporate Net Profits,No tokens will be created after our ICO
Whitepaper : https://www.moonlite.io/wp-content/uploads/2017/11/Moonlite-Final-White-Paper.pdf
Facebook : https://web.facebook.com/MNLCoin/
Twitter : https://twitter.com/MoonLite_ICO
Linkedin : https://www.linkedin.com/company/the-moonlite-project
Instagram : https://www.instagram.com/moonlite_ico/
Telegram : https://t.me/moonliteico
Ann Thread BTT : https://bitcointalk.org/index.php?topic=2712054
My Account BTT : https://bitcointalk.org/index.php?action=profile;u=1893379