MoonLite(MNL)-Mining Goes Green


Have you known a green way of cryptocurrency mining? This is about it. The MoonLite proposal foresees at the initial stages the creation in Iceland of a completely forged cryptographic farm that uses geothermal electricity of the country, which, besides environmental friendliness, is also incredibly economical by international standards. Electricity is, of course, the most important for any crypto currency transaction, which usually accounts for about 90% of its costs. While the classic approach to the business model can be applied here, what gives this project a breakthrough is that its tokenized block-model model plans a program for purchasing tokens twice a year, which will gradually remove the tokens. Its initial 100 million circulation – with all burnt tokens.
The Team
The project leaders are listed on the website, each of which provides a LinkedIn profile, at least some also provide personal accounts on Facebook and Twitter. ICOExaminer was able to contact several members of the board of directors to verify the identification data provided. Among the team’s consultants, we have Simon Cocking, who is also on the list of consultants for several other parallel sales, including ClearPoll, Experty and Elpsis. Cocking is also the editor-in-chief of Irish Tech News, and his name seems to be regularly associated with a promising and successful ICO. Cocking must also bring a valuable network of contacts for the project, which will help to convey its message to a wider audience.
MoonLite(MNL)-The Concept
Presenting a simple proposal, the South African team behind MoonLite hopes to implement a crypto-individual operation for Bitkovski, Dash, Bitkoynov money and Litecoin crypto conversion. The project team does not offer a discount on the possibility of extending this list in the future, particularly in comparison with other currencies received from Bitcoin. One of them strongly emphasizes transparency in the content of the white paper. First, the team works with an independent reviewer to monitor the progress of the project, particularly how it makes its milestones (see the “Roadmap” section). Secondly, the management of the benefits received as a result of the transaction will be determined by regular voting of the token owners, in particular as regards the distribution of benefits between the maintenance costs and the contributions to the fund. Encrypted investment of the project. Finally, the team applies a 180-day transition period for the distribution of tokens, adding another level of confidence to the project. A well-written, well-presented and logically structured technical document combines our more general impression that here we have a team that focuses on due diligence and transparency, while at the same time leading to the professionalism of the investment class.
The Milestone and The RoadMap
In addition, the team will try to reallocate the profits to a cryptographic fund administered within the company, whose profits, in turn, will stimulate a purchase program. Originally conceived in 2017, the next important milestone of the project – at the time of writing this report – is the launch of an independent review carried out by smart-dec, which was responsible for evaluating the smart contracts that will manage the sale of the scoreboard. After the approval of the smart contracts, the team will begin the preliminary sale, which will be carried out in February 2018, after which the full sale will begin. The full sale begins at 00:00 on March 1, 2018 and ends on March 15. The construction of the data center should be completed in early August. Based on the fact that the team pays special attention to the transparency of the project, an independent audit was also commissioned to report on the overall progress in relation, among other things, to each of the steps described in the “route map”. “with the white paper. The team also plans to quote tokens in several exchanges within two weeks after the close of the transaction.
Token Buy Back Program
The internal tokenism of the project is determined by its symbolic redemption program, probably the most fascinating aspect for white paper readers. The first program for the purchase of tokens will begin six months after the completion of the full sale, and only the original participants will be invited to participate. Subsequently, redemption will be made at regular intervals six months after six weeks after each six-month financial audit. For the buy-back program, almost 1/3 of the net profit (35%) will be used to buy tokens sold on the open market. Where it is interesting that these ransom will take the form of purchase orders placed in bags at a price higher than the current market average. In other words, 35% of the benefits from transactions will be conceptually distributed among each token, which is currently distributed in the open market to determine the figure of the “premium”. This premium is added to the current market price of the current token to determine the value of purchase orders made by MoonLite on exchanges. The redemption headers will burn, that is, they will be permanently removed from circulation, which will reduce the offer. Mechanisms for the redemption of tokens are intended to determine the mechanism for the permanent reduction of the circulation of tokens. Although redemption loans financed by operating profit are a regular feature of currency problems, a buyout program based on the repurchase price, which in turn is determined by the profit of the transaction, is something completely new for us here. in ICOExaminer and, at least, make interesting observations about the general trend of the price of the token.
The Conclusion
In the concept there are several elements that distinguish it from the mass. Firstly, we have a team that wants the project to be transparent at all levels by using independent auditors and votes in favor of a contribution to determine future allocations of resources. This is due to the fact that we have a team that reserves for itself a modest reserve (the aggregate reserve of 10% for the team, developers and other project participants), which in turn will be the acquired within 180 days later. This will mean a team that has a high degree of confidence in its ability to perform. Secondly, the token redemption program is likely to lead to a reduction in supply over time. If this is not the case, it is likely because cardholders will prefer to keep what they perceive as a valuable token. Future rounds of redemption are likely to be exacerbated by the future construction of the data center if the first data center turns out to be a successful business. Finally, the crypto-currency fund, which is associated with the distribution of benefits, minus the buy-back program, provides an opportunity for its healthy contribution to the diversification of risks and profitability of the project.
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