MBTX

MinedBlock

MinedBlock logo

The Raise Total

$15,000,000

Price Per Token

$.15

Raise Start

March 31, 2019

Minimum Investment

$300

https://www.minedblock.io/

MinedBlock offers the opportunity for investors to purchase our ST20 Security Token which is a digital asset backed by a corresponding Preference Share in MinedBlock Holding Limited (the Special Purpose Vehicle) that enables holders to receive a revenue share produced by our mining farms. Collectively, MBTX token holders will own 95% of the Special Purpose Vehicle and the associated costs and revenue so, therefore, will receive the revenue share each month based on the profit generated. Revenue will be shared respectively and equally between all token holders on a ‘payout per token’ model. Each MBTX token sold will represent 1 Preference Share A in MinedBlock Holding Limited. Shareholder rights: “Each Preference Share A holder will be entitled to a share of revenue produced by 75% of the total Mining Service. Shareholders will also have the right to vote on the future expansion of the Mining Service” MinedBlock Limited will assume responsibility for maintaining, replacing and expanding the physical assets and will remain responsible for any costs incurred beyond that of the revenue generated in the unlikely event the service becomes unprofitable. At no point will token holders be expected to cover any losses if this did ever happen. All expense and revenue information for each month will be available for review by any token holders to ensure full transparency of the total managed Mining Service. All Wallet addresses owned by the Company will be published within the Investor Dashboard to give full visibility. Token holders will be able to ‘vote’ for the direction of future expansion from within the Investor Dashboard when it is life. The term ‘vote’ in no way reflects a right to direct the company itself but will allow input into how the Mining Service is expanded. Security Token Offering Security Token sale participants will be required to pass KYC (Know Your Customer) checks via our Website to enable whitelisting within the Smart Contract. To satisfy the requirements of the US Securities and Exchange Commission (SEC); US investors will need to qualify as Accredited Investors. The cost for KYC and Accreditation checks will be passed to the investors at our cost price, upon successful completion of the required checks you will be credited with the equivalent number of MBTX tokens at a discounted value of $0.075 each. This is to ensure only serious participants go through the process to reduce the unnecessary cost for the Company.

Terms

Fundraise Information

Total Raise $15,000,000 USD
Soft Cap $500,000 USD
Raise Status Open since Active
Minimum Investment $300 USD
Accepted Investors US & International Accredited Only
Security Type Revenue Sharing
Exemptions 506c
Instrument TBD

Token Information

Price Per (MBTX) $.15
Token Issuance Platform -
Token Protocol ST-20 (ethereum)
Token Issuance Info MBTX tokens will be subject to a 90 day vesting period from the date the soft cap is met or the investment date, whichever is later. Token holders will still earn mining revenue during this period
Payment Options
  • BTC
  • ETH
  • Other
  • USD

Token Rights

“Each Preference Share A holder will be entitled to a share of revenue produced by 75% of the total mining service. Shareholder also have the right to vote on future expansion of the mining service. Shareholders are not liable for any losses or costs due from the Company” MinedBlock Limited will assume responsibility for maintaining, replacing and expanding the physical assets and will remain responsible for any costs incurred beyond that of the revenue generated in the unlikely event that the service becomes un-profitable. At no point will token holders be expected to cover any losses if this ever did happen.

About

Overview

MinedBlock is a Fintech Crypto Mining & Infrastructure Service Provider specialising in transaction processing, or ‘mining’, for crypto currency transactions. The ‘Parent’ company MinedBlock Limited will own all of the assets, infrastructure and operation while the ‘Subsidiary’ company will own the ‘Service’. The reason behind this model is to tokenise equity in the subsidiary while retaining private ownership of all the assets in the parent company. 25% of revenues will be retained by the parent company to be used for ongoing expansion and operational costs. 

Highlights

Scalable MinedBlock’s service is endlessly scalable, in order to grow the service we simply would install and configure more mining equipment. There isn’t any technical limitation to how big it could get. MinedBlock has the ability to quickly and easily expand into multiple revenue streams including, but not limited to, expansion of the range of mined crypto assets and the ability to host private mining services. 
Agile Initially, 40% of our infrastructure will be dedicated to cryptocurrency other than Bitcoin, this will enable the service to flex and switch between the asset being mined allowing us to always target the assets with the best returns based on market demand. The 60% initial allocation to Bitcoin can also be adjusted based on market prices and returns.  
Sustainable MinedBlock is focussed on hosting our infrastructure in areas that can provide 100% renewable energy.  
Market Immunity Phase 2 of the project, which is out of scope for this round of funding, will be to build our own renewable energy sources to offset electricity costs, the primary ongoing cost factor, thus enabling continuous revenue production regardless of crypto market prices. 
Projected Revenue MinedBlock will produce revenue through mining a strategically selected range of cryptocurrencies. Another way to ‘mine’ crypto is to buy and hold a minimum number of a coin in a wallet which entitles the holder to a share of transaction fees (similar to earning interest on a savings account). This is known as a ‘Proof of Stake’ method of mining. Publishing a wallet for Proof of Stake mining is called hosting a masternode. There are always new technological advances in the mining industry including strategies and technologies which we are prepared to adopt and add to our service. 

Team

Paul Bishop

Co-Founder & COO

Greg Wales

Co-Founder & CEO

Matt Ruff

CSO

Advisors

Gagandeep Singh

Advisor

Ruhin Khan

Marketing Consultant

The Collective Go

Community Management

Use of Funds

Reserve

10%

Datacenter Build

10%

Mining Equipment

80%

Documents