The Facite Foundation built and operates a mining center in Kazakhstan based on geographical conditions, government policies, and electricity schemes for the mining industry. The mining center can accommodate up to 2 million mining machines with a size of 180 hectares (ha) and can be expected to produce stable and consistent revenue generation based on cheap electricity.
Some of the revenues from the mining center are shared with Facite token holders and the profits from the Facite Foundation's projects in Kazakhstan are also allocated to the community. This whitepaper will discuss bus cards, photovoltaic power plant business plans, and profit sharing plans that the foundation has a stake in.
The mining center, contracted by the Facite Foundation, is located in Pavlodar in Kazakhstan's free economic zone. The size of the mining site is 180 ha and Facite Foundation's mining center takes up 3 ha. The term for the site agreement is 49 years from 2018, the amount of electricity required by approximately 2 million operating miners has been secured. Furthermore, since Facite Foundation’s Mining Center is located very close to a power substation, the probability of short circuiting is very low. In other words, efficient mining is possible because no electricity is wasted in the process of securing an electrical supply.
In early 2019, the City of Pavlodar will provide electricity to the mining site. The electricity tax for mining will be reduced by about 25% with support from the city, and as a result, the mining center in Kazakhstan will be able to further upgrade its mining competitiveness. The Pavlodar site is the world's best mining site with optimal conditions for mining, including active support from the government, affordable electricity, and an ideal mining environment thanks to Kazakhstan's efforts for digitalization.
- Promoting the renewable energy business of the government of Kazakhstan.
- KHAN 21 HOLDING entered the field of solar energy. Purchase of a business license
- Selected as an investment corporation - the Talgar city, a solar power station and a project area of a hydroelectric power station
- The first pass gate of Korea in Kazakhstan to the final report of the Ministry of Commerce, Industry and Energy.
- Acquired license for INNOB CO., Ltd
- Introduction and operation of a public transport
- It is planned to introduce the U-payment system
- Optimum environment, low-cost electricity
- Electrical equipment data center with the support of the city
- About 2 million mining machines are available
- 49-year lease contract
Token Name: FACITESymbol: FITToken: ERC – 20
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