Mining, Without the Hardware Investment?
Always wanted to get into mining but didn’t want to pay actually buy and operate mining hardware or learn the technical knowledge behind it? Meet The Mining Token (TMT).
The Mining Token claims to be the first token that delivers Ethereum rewards 100% backed by mining. TMT was created to fully decentralize the Proof of Work (PoW) mining process in all of its stages, from investment to profit. TMT is a utility token that runs on the Binance Smart Chain (BSC). A utility token is a cryptocurrency token that is issued in order to fund development and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency. When you invest, you become part of the TMT community and are rewarded with Ethereum (ETH) profits from mining power.
The Mining Token is backed by over $7M in mining machinery and infrastructure from its private investors. They take care of negotiations with suppliers, proper installation, warehouse security, and maintenance, so you don’t have to.
So how does it work? Investments are collected in Mining Token Offerings (MTOs), or presales. After the MTO, TMT uses the funds to expand their ETH mining capacity. Profitability is determined by how much $TMT you have and what pool you invest your tokens into. Payouts are then made in ETH. TMT charges a fee of 10% from all mined Ethereum that will be used to cover the cost of installations, deposits, refrigeration machines, profits, marketing, and mainly the cost of electricity. Users can sell their mining tokens at market price at any time.
The amount of mining capacity bought is proportional to the amount of $TMT purchased in the MTO. One $TMT = 1 MH (MegaHash). The rest of the TMT not sold is burned to keep an accurate ratio. The next MTO is scheduled to launch on August 18, at 10:00 PM UTC.
If the price drops at any time, it means holders are selling their tokens, and there are less parties to distribute the profits amongst. If profitability drops, its because the price rose and your TMT is more valuable.
Going forward, The Mining Token has plans to expand over three phases. The first phase, they plan to expand their mining center in Tierra del Fuego, Argentina. In their second phase of expansion, they plan to develop another mining center in Asuncion, Paraguay. And finally, in their third expansion, the plan to develop another mining center in Oklahoma, United States.
Twitter: https://twitter.com/mining_token
Telegram: https://t.me/TheMiningToken
Medium: https://medium.com/@theminingtoken
Website: www.theminingtoken.com
We have not personally inspected their facilities and do not endorse them, this is a sponsored review of TMT, please understand that all new projects, tokens, and mining farms have associated risks.
This is not financial advice. Please do your own research before making an investment in any project. Make sure to subscribe to VoskCoin on YouTube and follow us on Twitter for the latest cryptocurrency news updates!
