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The MoonLite Project will base its first mining operation in data center capital of the world, Iceland, where the average tariff for the industrial connections are 0.043 USD per kWh.

What do you think about MoonLite using sustainable ‘green’ energy sources to power its mining facility? The company is utilizing different types of emergent technologies and system that will play well in maximizing profits and efficiency of large-scale crypto mining. 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. Here’s a look at some interesting stuff about the MoonLite Project. Moonlite also aims to offer investors peace of mind about the legitimacy and security of its mining operations.

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  • Christoph Mussenbroch, Protocol & Architecture
  • Stephan Karpischek, Ecosystem & Community
  • Renat Khasanshyn, Insurance Products & Revenue

Etherisc is a company registered in Germany that is issuing a token that will be known as DIP on the Ethereum blockchain.

To minimize this risk, project funding will be allocated to subsidize the use of the platform during product infancy. Every six months, holders will be able to sell their tokens back to Moonlite for the token’s market price plus 35% of Moonlite’s annual corporate profit. The amount of Gas awarded to Lux holders is proportional to the fees collected by the Moonlight project. This mining project will include high-tech and powerful computers to make mining process faster for different coins. Token Distribution Team and Advisors 20% company A number of project risks have been identified during planning activities.

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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.

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. Bitcoin and Ethereum mining both already use more energy than small countries. Once the business is running, MNL token holders will be able to vote on how Moonlite distributes the revenue it generates from mining. All token sale details also need to be made available in one place, and the team should explain clearly their reasoning behind the token allocation model they have chosen. 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.

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The project using a token called as MNL and it is issued through Smart Contract and runs on Ethereum ecosystem.

The project team are not discounting the possibility of expanding this list at a future date, particularly to other Bitcoin-derived currencies. After its upcoming ICO, the company plans to establish crypto-mining data centers in areas with low electricity costs and “clean and green” power plants. 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. Ultimately, resource availability for a project is limited to a team which may not have the skills to meet project needs. On the other hand, they also want to retain the balance of crypto currency in order project expansion and investment value.

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Secondly, the token buy-back program will likely result in a decrease in supply over time.

The project’s internal tokenomics are governed by its token buy-back program, likely the most fascinating aspect for readers of the white-paper. There several reasons that make this project stand out like leading advisors, qualified team, excellent data centers, trusted security system and much more. The MoonLite Project is one of the cryptocurrency mining projects that are positioned to be relevant over the long term. Decentralized Staffing: The power of a global workforce to meet your project’s needs. Down the line, though, token holders will be able to vote on financial, operations and human resources matters via the Security.Vote platform.

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Moonlite may also mine Ethereum depending on its profitability, although Ethereum specifics aren’t included in the company’s three-phase mining plan.

To counteract this, Moonlight.ico spends a lot of time locally optimizing resources at the project, team, organization, and corporate levels. The overall token allocation is presented as follows: The token price for early contributors will be $0.10 + up to 25% bonus with a high minimum investment of 10 ETH. 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. In its second phase, Moonlite will add DASH mining capabilities at 15,000 GH/s, and up its Bitcoin hash rate to 56,000 TH/s.