Minedblock is enabling a new level of access to crypto
currency 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.
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.
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