Showing posts with label sto. Show all posts
Showing posts with label sto. Show all posts

You can own part of a cryptocurrency mining company w/ profits paid monthly...

 
Minedblock is enabling a new level of access to cryptocurrency mining, allowing people to literally own a piece of the company that owns and operates everything. To be abundantly clear, this is not a service that rents out mining rigs long term, or another service selling “mining contracts” popular with amateur home miners. This token offering comes with a whole lot more than a token - when I say "own a piece of the company" I mean it literally.

In what may be our favorite use-case of a security token so far, Minedblock's tokens will also legally entitle the token holder to a portion of ownership in the company itself.  Minedblock is the first to use the security token model to fund a cryptocurrency mining operation and the first to file with the SEC, which we found proof of here.

Token holders are sent their cut of the profits at the beginning of each month, paid in ETH for now, but the company says they'll have several payout options in the future. The token itself, the MinedBlock 'MBTX' is an ST-20 token built on PolyMath platform, which is built on the Ethereum blockchain.

Also interesting to see, but actually makes a lot of sense - the fundraising caps are totally open-ended, with no limits. That wouldn't sit well in the whitepaper of a typical ICO, but in this case, the amount they raise simply determines how many mining rigs will be running at the start. The percentage someone earns isn't based on the number of tokens, but the percentage of the total token supply someone is holding instead.

For obvious reasons, security tokens cannot thrive on hype alone. The token holders know exactly how well the company is doing, they're updated every month when they see what their pay is (or isn't).

So the Minedblock team is going to be feeling the pressure, and mining isn't a risk-free business - the reality is far from 'free money' like some try to describe it.  Thankfully, the Minedblock team seems to have been taking notes on what has and hasn't worked for others.

The largest expense of course - electricity. To lower that cost they've chosen Iceland as the first location, which has been consistently been drawing in miners with their low-cost electricity. They're also not just mining Bitcoin, they'll go wherever the highest profits are.

You can participate right away, because the token sale has just begun! They've already earned some impressive evaluation scores from ICOBench with a 4.3(out of 5.0), as well as 9 (out of 10) on ICOMarks. Head over to their site to learn more https://www.minedblock.io/

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Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM

San Francisco News Desk
AN OFFICIAL PRESS RELEASE

Global REIT's crypto-powered real estate investment model will be first of it's kind...


Real Estate investing and property ownership is a must in the world of professional investors - it's virtually standard practice to own real estate assets among high profile investors and investment funds.

As the cryptocurrency markets grow, many younger investors who started in cryptocurrency are looking to diversify, but with that comes a giant leap into markets they likely know nothing about.

Global REIT is trying to bridge that gap.  REIT stands for "real estate investment trust" and Global REIT is building an investment platform that blurrs the lines between traditional real estate investing, cryptocurrencies, and blockchain.

First let's understand the basics of REIT's and why they attract investors.  One of the main reasons investors looking to diversify use REIT's to enter the real estate market is generally investing in property outside of your home country comes with lots of red tape, in fact in most jurisdictions foreign investments are flat out banned.

A REIT however forms an 'alternative investment vehicle' by creating a trust or corporation that invests in property - then that trust or corporation can be publicly or privately listed and opened to investors from around the world. If a RIET plays their cards right, the rewards can be significant - on average 90% of dividends are then paid out to investors.

Moving this structure onto the blockchain, and powering the investments with cryptocurrency now means the average cryptocurrency investor can easily access the real estate investment market. Global REIT will begin in their home of Dubai, a place where real estate is currently exploding, and acquire assets within the U.A.E, before branching out globally.

This is why token purchases form Global REIT function like subscribing to and investing in a traditional REIT would.  The twist here is an investor will buy into Global REIT with Ethereum or Bitcoin, receive their token, then based on how many tokens someone holds, dividends will paid out monthly will be via USD or USDT (tether).

Their post-ICO goals include immediately moving to purchase $75 million in U.A.E. real estate assets, and to grow that to $10 billion within 5 years.

Global REIT's public ICO begins June 1st. 

Note to investors inside the USA - you'll have to sit this one out.

Learn more about Global REIT at http://globalreit.io

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Author: Adam Lee
Asia News Desk