Project Overview
Hey guys. this is my second review of the eGold Mining project. This time I will review the Initial Token Offer (ITO).
To remind you, eGold Mining is a mining project for BTC, ETH, LTC, ETC, DASH, ZEC, etc. This project will build and maintain a large-scale cryptocurrency mining farm in South Dakota, USA. by using ASIC, GPU-based and FPGA-based mining devices.
eGold Mining will position the business to be the leading brand in cryptocurrency profit sharing mined by providing incentives to investors who hold their tokens in the long run. The mechanism: investors or users must hold an eGM token in their personal wallet to get incentives from this project. In essence, in addition, to mining benefits, users will get what incentives if they hold eGM tokens for a short period of 25% of net income, Long Term incentives of 15% of net income and incentives for elite holders of 10% of net income at the end of each year.
Initial Token Offer (ITO)
The eGM Token was released in the ITO period, the purpose of the period was to collect project development funds and cover the initial costs of the operation. In addition, the ITO period is carried out for the distribution of eGM tokens to users or investors so that they can benefit from the mining they do. The eGM Token is the main token in the eGold MIning project ecosystem, this token brings an important role for investors or users in mining on this project. The following are the details of the distribution of eGM tokens:
- Supply tokens = 25 million eGM tokens
- 20 million tokens will be available to the public through pre-sales and ITO.
- 5 million other tokens will be distributed among the directors and advisers.
And for ITO implementation, this project has detailed the eGM tokens as follows:
- The ongoing ITO is on the https://www.egoldmining.com/ page
- There are three soft cap for the project: $ 8 million, $ 12 million, and $ 20 million.
- The first soft cap is the minimum amount needed to start a profitable operation. The second soft cap is the amount needed to meet the projections set out under ‘Projections and Returns on Investment’, below. The third soft cap is the amount needed to buy land, build a warehouse, invest more, and buy more ASIC miners.
- Prices per token will be determined at the time of ITO completion. The reason is that bonuses from presale and referral programs must be calculated into the overall price of the eGM token. This method can also prevent a decrease in the price of tokens after the eGM token is listed on the stock. The eGM Token will be distributed two weeks after the ITO is completed after internal and external audits have been carried out.
- If the hard cap is reached, the project will buy more ASIC miners, buy land, and build large warehouses. This will result in greater ROI at the end of each month for token holders because a lot of monthly expenses will be eliminated. The difficult cover for this project is $ 50 million. This is the maximum amount allowed to be raised through Tier A + Regulation 2 which allows all accredited and non-accredited investors to purchase eGM tokens.
For updates on ITO information, you can visit the link below:
- Website: https://www.egoldmining.com/
- Facebook: https://www.facebook.com/eGoldMining/
- Twitter: https://twitter.com/eGoldMining
- Telegram: http://www.telegram.me/eGoldMining
- Linkedin: https://www.linkedin.com/company/egoldmining/
- Youtube: https://youtu.be/cVsgzv6Ux88
Member Team
Created by: Ivan / Bitcointalk id