eGOLD MINING

eGOLD MINING - Earn a Growing Monthly Passive Income.

Hello everyone, this new post that I want to introduce about a very interesting and good project, eGOLD MINING, and for more details, let's go to the following discussion.

About eGold Mining

eGold Mining is a cryptocurrency mining solution project aimed at long-term stationary use. eGold Mining offers mining facilities in South Dakota, USA. eGold Mining plans to create and manage data centers with blockchain mining capabilities in South Dakota to cut energy costs and create a managed mining ecosystem. With industrial electricity prices quoted at 4.5c / kWh, cold temperatures throughout the year, spending green energy, and reducing state corporate taxes, South Dakota is the prime location for large-scale cryptocurrency mining operations.

To finance the Project, eGold Mining launched a Personal Security Token (STO) Offer to investors where the EGold Mining (EGM) sales tokens, security tokens, are in accordance with a Simple Agreement for Future Tokens between eGold Mining and investors. Issuing a security token means making investment offers anywhere or issuing pegged and placed on the blockchain. You benefit from having more global investor bases, enjoying a large scale of costs and loss of future liquidity premiums.

eGold Mining plans to become a cryptocurrency mining operation that meets the first SEC who pays token holders up to 50% of monthly mining profits at ETH. In addition, with the wholesale eGM price for all costs associated with mining, diversification of mining services, and a team of experts involved for successful operations, investment in eGold Mining will be very beneficial for all who like 'HODL'. By eliminating the risks, costs, and funding problems associated with cryptocurrency mining, everyone can get money by earning cash through a business that is trustworthy, lawful and profitable.

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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 is taking proper steps to comply with all security laws set by the United States government. The goal is to be the first US-based profit sharing company in the mining industry. eGM plans to operate legally under South Dakota, USA jurisdiction.

Trust
Being a registered company in the United States allows for security of investment compared to similar companies around the world. eGold Mining’s official business entity registration can be found here.

Cheap Electricity Rates
The electricity costs for eGold Mining is under 4.5 cents per kWh with all additional cost factors included. eGM has the cheapest electrical costs of all profit-sharing mining companies.

G-points
Opposed to traditional profit sharing methods, eGM rewards investors through a point system referred to as ‘G-point’. The G-point system is there to reward long-term token holders the most.

No Contracts
Unlike Cloud Mining, eGM does not require the purchase of contracts or hash power to receive mining profits. Profits are shared by simply holding eGM tokens and accumulating G-points.

How It Works?

Miners simply have to buy eGM tokens and hold them in an ERC20 private wallet. By Holding these tokens, they allowed to accumulate G-points every day. Miners compete with others to see who can accumulate the most G-points and earn the largest share of the profits.

eGM greatly incentivizes long term token holders as the longer they hold, the higher profit share they receive. This is made possible by the payout structure below:

Short Term Holders
Dividends paid every month
G-points reset every month
25% profit share
Must hold tokens for full month to receive profit share

Long Term Holders
Dividends paid every six months
G-points reset every six months
15% profit share
Must hold tokens for at least three months to receive profit share

Elite Holders
Dividends paid every year
G-points never reset
10% profit share
Must hold tokens for at least six months to receive profit share

eGold Mining Token (eGM)

The eGM token is an ERC20 token. It is a token with payouts that entitles the token holders to a percentage of the net profits of the mining, cloud mining, and hosting operations. Profits will be paid out on a monthly basis allowing regular people to reap the benefits of cryptocurrency mining. The company plans to issue 25 million eGM tokens. During the STO the eGM distribution will be approximately 80% of total token. You can join the STO HERE

Initial Token Offer (ITO)


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.

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

Team 

CONCLUSION

Conclusively with the EgoldMining project fully functional there will be no need to be in distress whether the market is bearish or Bullish if you are an EGM token holder because you will be guaranteed of monthly income even by just sitting down doing nothing. EgoldMining will undoubtedly become the future cryptocurrency mining with it plan to make mining profit reach the hands of the ordinary man and I urge you to visit the links below to learn more about the EgoldMining reward system in the white paper and website and become an investor.

For more information please visit the site below:

• Website : https://www.egoldmining.com/
• Whitepaper : https://docs.google.com/document/d/1TIyvneKZPFo1bR8mRN3Qto7Nc3oivCARzAh_lpi9kBc/edit?usp=sharing
• Facebook : https://www.facebook.com/eGoldMining/
• Twitter : https://twitter.com/eGoldMining
• Telegram : http://www.telegram.me/eGoldMining
• Linkedin : https://www.linkedin.com/company/egoldmining/

Author ; Melati21
Profile link ; https://bitcointalk.org/index.php?action=profile;u=1357963
ETH address ; 0x838d9F4750DFC63f9A75bdA335840C0A84aD3afc