The first token buy-back program will begin six months after completion of the full sale and only initial contributors will be invited to participate.
Only non-accredited US investors are mentioned as barred from participating in the token sale. Once the smart contracts are approved, the team will then proceed to an initial pre-sale that will take place over February 2018, with the full sale beginning immediately after. Down the line, though, token holders will be able to vote on financial, operations and human resources matters via the Security.Vote platform. The company boasts an experienced team and advisor board, heavy on cryptocurrency and management expertise but perhaps a little light on experience setting up international data centers. Moonlite may also mine Ethereum depending on its profitability, although Ethereum specifics aren’t included in the company’s three-phase mining plan.
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- Christoph Mussenbroch, Protocol & Architecture
- Stephan Karpischek, Ecosystem & Community
- Renat Khasanshyn, Insurance Products & Revenue
No marketing leads appear on the project team list.
Third, the MoonLite team plans to use the remaining 20 percent to buy new equipment and expand operations. What do you think about MoonLite using sustainable ‘green’ energy sources to power its mining facility? Amongst the advisors on the team, we have Simon Cocking who is also listed as an advisor on several other, concurrent token sales, including those of ClearPoll, Experty and Elpsis. MoonLite Project is an industrial scale cryptocurrency mining project, focusing mainly on all forms of bitcoin, dash, and litecoin. The amount of Gas awarded to Lux holders is proportional to the fees collected by the Moonlight project.
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Moonlite will generate a total of 100 million MNL tokens, offering a maximum of 70 million to investors during the pre-sale and ICO.
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 team also anticipates a token listing on several exchanges within two weeks of the sale close. As stated in this document, only 30% of DIP tokens will be available to the public during the token sale. Instead, anyone can buy “tokenized risk” by holding the Etherisc token and earn returns on the risk they are taking. Added to this, the team will be seeking to redistribute profits towards an internally-managed crypto fund whose profits in turn will help to drive the buy-back program.
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Ultimately, resource availability for a project is limited to a team which may not have the skills to meet project needs.
The first layer of security is offered in how the company plans to use the proceeds from mining. The project using a token called as MNL and it is issued through Smart Contract and runs on Ethereum ecosystem. Putting forward a straight-forward proposal, the South African team behind MoonLite are looking to implement a crypto-mining operation for the Bitcoin, Dash, Bitcoin Cash and Litecoin cryptocurrencies. Token Distribution Team and Advisors 20% company A number of project risks have been identified during planning activities. Moonlite looks like it has a competent team, and the idea – giving everyday investors a way into mining cryptocurrency without destroying the planet – definitely seems worth pursuing.
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The project team are not discounting the possibility of expanding this list at a future date, particularly to other Bitcoin-derived currencies.
First, MoonLite intends to liquidate 60 percent of the proceeds at initial stages into fiat currency to cover operational costs and invest in specific traditional and blockchain related investment opportunities. The model in Iceland — green and clean energy, reliable supply and low cost — is precisely what MoonLite plans to adopt for all of its future data centers. The company will focus on using low cost, green energy; customize algorithms, artificial intelligence installation to improvise the operational efficiency and autonomy of its all data centers. The company wants to establish its mining operation in Iceland due to a suitable climate of the country that helps in keeping the large mining infrastructure cool. The MoonLite Project will be more cost-efficient and environmentally responsible at the same time.
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15%weight Blockchain Advisor and ConsultantRated on Feb 16, 2018 15%weight Moonlite has a solid team and great group of advisors on board.
To minimize this risk, project funding will be allocated to subsidize the use of the platform during product infancy. Decentralized Staffing: The power of a global workforce to meet your project’s needs. MNL token holders will be able to trade their tokens on public exchanges, but Moonlite is also offering a unique token buyback program on the Ether Delta exchange. Using specialized mining rigs from Bitmain, Bit Fury, and Pin Idea, it will begin mining Bitcoin at a rate of 28,000 TH/s and Litecoin at a rate of 540,000 MH/s.