About eGOLD MINING
eGold Mining will operate a large-scale cryptocurrency mining facility in the cold South Dakota state. South Dakota is the right place to launch cryptocurrency mining operations, especially with low electricity costs at 4.5c/kWh. The eGM Token will become a cryptocurrency supported by the gold ETF.
eGold Mining will provide incentives to holders of long-term toGM eGM regardless of market conditions. We want to reward investors who are just ‘HODL’ their tokens and put their trust in the future of our company. The longer an investor holds, the more they produce in the long run.
Our plan is to position the business to be the leading brand in cryptocurrency profit sharing mined in the United States. At present, there is no licensed security that shares profits with long-term token holders in the US so the market is wide open for retrieval. After conducting extensive research and feasibility studies, we were very enthusiastic and convinced that this operation would be beneficial for everyone involved.
Why eGold Mining?
Profit sharing
50% of net income is shared with token holders every month, six months and years depending on the accumulation of G-points and the length of time the EGM tokens are held. Payments will be made at ETH through smart contracts.
Legality
eGM takes appropriate steps to comply with all security laws established by the United States government. The aim is to become the first US-based revenue sharing company in the mining industry. eGM plans to operate legally under the jurisdiction of South Dakota, USA.
Trust
Being a company registered in the United States allows investment security compared to similar companies around the world. Registration for the official eGold Mining business entity can be found here.
Cheap Electricity Rates
Electricity costs for eGold Mining are below 4.5 cents per kWh with all additional cost factors included. eGM has the cheapest electricity costs from all profit sharing mining companies.
G-point
Contrary to traditional profit sharing methods, eGM rewards investors through a point system called ‘G-point’. The G-point system is there to give the most gifts to long-term token holders.
There is no contract
Unlike Cloud Mining, eGM does not require the purchase of a contract or hash power to receive mining profits. The benefits are shared by only holding the GMGM eGM and accumulating G-points.
The EGM token to gives with chance on balance holder as gains with spares on difference on returns with the progress on drawing with the price on reference as improvement on returns with the work on developer to manage on strategy with the diversification of arrange to apply of different formulation on algorithm as collecting with the different table of exchange and noticing results on transparency with the chance on investors to work on advance as managing with the distinct on limitation as appealing of customs with the variable on initiation to gives with reference as securing decision to follows with the future terms on shifts with the further stages of level with compliance.
Investors might gains with the extent on expensive as appealing use with reference of notice with the price on value to request on expectation as targeting limit of returns with the end of terms as attaining the use with distinct on table of exchange to manage with the range on distance with the terms of investment project with the business plan on cryptocurrency token mining of the finance.
eGM will also provide large incentives for token holders in the long run because the longer they hold it, the higher the profit they receive. This is made possible by the payment structure below.
The main purpose
The purpose of the ITO is to raise enough funds to cover the startup cost of the operation. It is also to distribute eGM tokens to token purchasers so they can start earning a share of the mining profits. The eGM token plays a pivotal role in receiving your share of the mined cryptocurrencies.
There will be 25 million eGM tokens in total. 20 million tokens will be available to the public through the pre-sale & ITO and the other 5 million tokens will be distributed amongst the directors and advisors.
The directors will be held in an escrow wallet for two years and they cannot sell more than 50% of their tokens per year thereforth. They must break that 50% into monthly sells (4.16% per month) and report the sale of their tokens for our monthly public accounting reports.
After a four year period, the directors are allowed to freely sell all their eGM tokens one week after reporting their intent of sale. Advisors can sell all their tokens after two years of holding but must report the intent of sale to the company first.
There are three softcaps for the project: $8 million, $12 million, and $20 million.
- The first softcap is the minimum amount needed to start a profitable operation.
- The second softcap is the amount required to meet the projections set under ‘Projections and Return on Investment’, below.
- The third softcap is the amount required to buy land, build a warehouse, invest in more s, and buy more ASIC miners.
With a larger startup amount, we will be able to eliminate many future expenses and will be able to purchase more s to back eGM tokens.
The price per token will be determined at the completion of the ITO. The reason for this is the bonus from the presale and referral program that must be calculated into the overall price of the eGM token.
Short Term Holders
Dividends paid every month
G-points reset every month
25% profit share
They must hold a token for a full month to receive profit sharing
Long Term Holders
Dividends paid every six months
G-points reset every six months
15% profit share
They must hold tokens for at least three months to receive profit sharing
Elite Holders
Dividends paid every year
G-points never reset
10% profit share
They must hold tokens for at least six months to receive profit sharing
ITO Budget Requirements and Allocation
Soft Cap 1 = $8m
Soft Cap 2 = $12m
Soft Cap 3 = $20m
Hard Cap = $50m
Calculations are based on 8/02/2018 mining difficulty (subject to change)
Calculations are based on Soft Cap 2
Energy rates ~ 4.5c/kWh
Energy costs are subject to change based on the market for Natural Gas
Energy rate will range between 4c-4.5c/kWh
To get more relevant details from the Egold Minning project or join social media and sales crowds, please follow some sources for the following references:
WEBSITE: https://www.egoldmining.com/
WHITEPAPER: https://docs.google.com/document/d/1TIyvneKZPFo1bR8mRN3Qto7Nc3oivCARzAh_lpi9kBc/edit?usp=sharing
TWITTER: https://twitter.com/eGoldMining
TELEGRAM: http://www.telegram.me/eGoldMining
Username : samuraijin
ETH : 0x3f9bb3679f1B71F22d823992078244C87EF4D455
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