PacketMining is targeting the 2 Billion global Smartphone user base with an uncomplicated way to mine for a cryptocurrency that doesn’t require any deep blockchain knowledge to be successful. By engaging the widest possible audience and with no technical barriers to entry we will become the most widely recognized, consumer focused cryptocurrency product.The total supply of tokens is locked at 50,000,000. After the seed, pre-ICO and ICO sales end, the balance 40,000,000 unreleased amount of coins will be allocated for Mining rewards for the users of the PacketMining entertainment platform.
PacketMining is a blockchain based augmented application and server side code set that allows general consumers to utilize their smartphones to mine for reward coins without the inherent complexity of distributed ledgers and algorithmic decryption as a known aspect.
The mined PAKT coin itself becomes a commodity of demand by virtue of scarcity and the user effort required to ‘mine’ the reward, ensuring that time spent within the environment is both fun and personally beneficial.
Of the 50,000,000 maximum generated PAKT coins, 40,000,000 or 80% will be allocated for the rewards from the app based mining process. The mining allocation will be vested at an annual rate of 4,000,000 PAKT coins over a ten year or one hundred and twenty month term. Further, then approximately 333,333 PAKT coins will be allocated for monthly mining rewards, where the amount distributed/rewarded is determined by the mining app mechanics to ensure unpredictability and anti-method mining.
Immediately at reward and at the end of the ten year term, the coins remain freely exchangeable and will stand as the world’s first example of distributed packet switched coin mining layered on top of a blockchain based distributed ledger.
The smartphone application and mining server synthetic mining process is based on a fixed algorithm with values embedded in a blockchain contract that cannot be modified once executed. However, multiple revisions of the mining algorithm will be deployed in beta testing to ensure the best UX outcome and the adhesiveness of the platform in the consumer realm. PacketMining may or may not and reserves the right to select either option, when it comes to disclosing the actual end to end algorithm to be implemented on the mining server application interface.
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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