Cryptocurrency is the digital money we use to pay for goods and services over the internet. Blockgeeks call the technology as limited data entered into a database that is unchangeable without doing certain tasks. The blockchain is irrevocable once you transfer the technology to the recipient. Moonlite ICO is a business entity focused on generating the digital money through large-scale crypto mining.
How Cryptomining Works
Since the crypto cash is what we need for trading and paying for good and services online, the method to create it is crypto mining. The method has two functions; the first function is the addition of transactions to the blockchain (i.e securing and verifying) and the release of new cryptocurrencies. The second function is by crypto miners adding individual blocks containing the proof of work (PoW).
Individual crypto miners need special equipment and sophisticated software to aid them in their crypto mining work. They also compete with other crypto miners on who gets to finish a blockchain. A blockchain for today has a reward of 12.5 Bitcoins since its halving last July 9, 2016. Cutting the blockchains reward volume in half occurs every 210,000 blocks. The 420,000th block mined ushered the halving to the next bitcoin quantity.
A block contains approximately 2,500 individual transactions that pit a reward of $162,500 per block. That is $13,000 multiplied by 12.5 Bitcoins. A transaction costs $8 per deal that should equate to about $20,000 per blockchain.
This is exactly the reason why Moonlite ICO is gearing for the lucrative business. Moonlite ICO aims to mine cryptocurrency on a large scale basis. To realize this goal, the moonlite ICO started its presale phase I crowdfunding project last December 30, 2017, and ended last January 31, 2018, with a 100% to 300% bonus on tokens. The pre-sale phase II began last February 1, 2018, and ended on February 28, 2018, with a 50% token bonus. The third, presale phase III commences on March 1, 2018, with a 50% token bonus on the first 12 hours only and closes on March 15, 2018.
Moonlite ICO: Goals and milestones
After the Moonlite ICO presale program, data center construction and fitting begin on April 2, 2018. Cryptomining equipment will arrive on July 2, 2018. Data Center will open on August 2, 2018, and commence its operations.
The Moonlite ICO project aims to operate on numerous industrial level data centers of crypto mining. The Cryptocurrency Mining entity will mainly focus on Bitcoin, Ethereum, Dash, and Litecoin. The mining activity will take place in the cool environment of Iceland, using green energy to power the industry. Energy generated will be from Hydro, Wind, and Geothermal resources. Iceland is the data capital of the planet with a tariff rate of only $0.043 per Kwh. The data centers in the country enjoy the benefits of clean energy and stable supply throughout the year with no cost of cooling infrastructure.
Crowdfunding will have the distribution of tokens as follow:
Moonlite ICO 70% 70,000,000
Presale 17% 17,000,000
Team 5% 5,000,000
Advisors & Developers 5% 5,000,000
Bounty 3% 3,000,000
Presale token price is at US$1.10 while the value at the Moonlite ICO is US$1.90.
Moonlite ICO has more value offerings in store for its investors. First, It has a premium rate offer to buy back tokens every six months plus the share of 35% of the net profits. Second, Purging of repurchased tokens to eliminate it from circulation. And finally, secured voting practice on all levels of operation.
Please visit our website at https://www.moonlite.io/ and read the Moonlite ICO project. This is the future of crypto mining.
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