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The MoonLite Project will operate several industrial scale data centers in the Crypto-Currency Mining industry, and plans to begin by mining predominantly Bitcoin, DASH, Litecoin, and Ethereum using 100% sustainable, green energy.
100% of the energy we consume is generated using Hydro, Geo-Thermal, and Wind sources. The MoonLite Project will base its first mining operation in data center capital of the world, Iceland, where the average tariff for the industrial connections are 0.043 USD per kWh. Our data centers enjoy a contractual supply of the cleanest energy available, and at a multi-year fixed rate, and additionally do not need to provide extensive cooling infrastructure due to the cool Icelandic climate.
We have the best operational team to oversee and maintain effective operations of our data centers, and we have the most experienced and qualified board of advisers to assist in planning and executing a smooth launch. We are very selective of who we invite to be part of our team, and only engage with the best talent.
Our operations will combine a number of emergent technologies and systems such as Artificial Intelligence and custom sophisticated algorithms, that will work in synergy to maximize the profits and efficiency of large-scale cryptomining.
The proceeds from mining operations will be split as follows:
The ratio will be placed to a vote by token holders on a quarterly basis, but will begin with a 60:20:20 split. All voting will be executed by secure.vote, a decentralized blockchain governance voting system.
Operations are set to begin in August 2018, and we aim to be, in time, one of the larger crypto-mining companies globally.
100% of the energy MoonLite consumes is generated using Hydro, Geo-Thermal, and Wind sources. The MoonLite Project is going to base its first mining operation in data center in Iceland, where the average tariff for the industrial connections are 0.043 USD per kWh. MoonLite data centers have a contractual supply of the clean energy available, and at a multi-year fixed rate, and additionally do not need to provide extensive cooling infrastructure due to the cool Icelandic climate.
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Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
The proposition has several elements which make it stand out from the crowd. Firstly, we have here a team that is keen to make the project transparent at every turn through the use of independent auditors and contributor-driven votes to determine future allocations of resources.
This is allied to the fact that we have a team that is putting aside a modest reserve for itself (aggregate reserve of 10% for the team, developers and other project contributors) which itself will be vested for 180 days in the post-sale phase. This would tend to indicate a team that holds a high degree of confidence in its ability to execute.
Secondly, the token buy-back program will likely result in a decrease in supply over time. If this turns out not to be case, this will likely be because token holders will prefer to hold on to what they perceive to be a valuable token. Future buy-back rounds will likely be compounded by future data centre constructions if the first data centre proves to be a successful venture.
Lastly, the cryptocurrency fund which is allied to the allocation of profits – net of the buy-back program – offers the potential for its own healthy contribution for diversifying both the project’s risk and profitability.
