About the project
The Moonlite Project plans to mine cryptocurrencies on an industrial scale, such as Bitcoin, Bitcoin Cash, Dash and Litecoin. Moonlite intends to become one of the largest cryptocurrency mining organizations in the world, all while using exclusively low cost, sustainable and green energy.
Moonlite will make use of emergent technologies, Artificial Intelligence and custom algorithms to improve on operational efficiency and profits, while limiting unplanned down-time.
Mission objective and roadmap
Moonlite aims to increase the value to their token holders, by implementing the latest and most advanced parts of blockchain technology, and by delivering an operation which will be run by the most experienced team.
Once the ICO ends, Moonlite will begin construction of their first Data Centre, starting on the 2nd of April 2018. The next objective on Moonlite’s agenda is to have mining equipment delivered, installed, configured by 1st of July 2018.
The organization plans to have the data centre’s official opening, and to start its mining operations on the 1st of August 2018.
The official date for the ICO is on 28 February at 12:00 GMT and it will last until March 15th.
Moonlite will allocate 35% of its annual net profits to its buyback campaign. This is where the organization purchases back its MNL tokens from token-holders at the trading price and additionally each tokens profit share.
All repurchased tokens will be ‘burned’, therefore reducing the supply and increasing each token holder’s share of the total supply of MNL tokens. This also allows the net value of the token to increase over time.
Token holders also have a vote in all corporate actions, profit distribution, expansion, directors, executives and the like, using the secure.vote system.
Coin holders will receive their buyback proceeds in BTC or ETH.
The capital that will result from the ICO will be allocated towards funding setup costs, cash reserves, the advisory team and operational reserves.
The Token Swap Price will be 1 ETH = 1000 MNL only in the Presale Phase.
|Swap target||Maximum of: 70,000,000 MNL|
|Token Supply||100,000,000 MNLT in total|
|Token distribution:||3% Bounty, 5% team, 5% developers and advisers, 17% Presale, and 70% of the
issued Tokens to be sold during the actual Token Swap Campaign.
|Lockup period:||180 days lockup period for team|
|Token Swap Price:||0.002 ETH = 1 MNL
1 ETH = 500 MNL
|Public Exchange:||Ether Delta & 2 Larger exchanges pending confirmation|
|Token standard:||Ethereum ERC20|
There are bonuses for those that contribute in the pre-sale phase or during the first hours of the ICO. The bonuses are as follows:
Pre Sale Phase 1: the buyer will get a 100-300% token bonus – ending 31 January 2018
Pre Sale Phase 2: buyer will get a 50% – ending 28 February 2018
Main ICO: buyer will get a 50% Sign up bonus in the first 12 hours, thereafter 0% – Ending 15 March 2018
The Moonlite Project is a crypto mining project that is determined to become one of the largest, most efficient, and green mining organizations. The sale of MoonLite Tokens in their ICO will help them implement their “smart-mining” solutions.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
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