August 20, 2018

Moonlite, the First Smart – Mining Solution

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Moonlite Logo

As the cryptocurrency industry became more and more popular – a lot of people purchased cryptocurrency mining devices and started mining on their own. As this may sound like great news, it’s not really like that. According to a study, by 2020 the cryptocurrency mining industry would consume more energy than any other. And that will be harmful for the environment.

Luckily, The Moonlite Project plans to revolutionize the way cryptocurrencies are mined by mining at an industrial level using only sustainable, low cost, green energy. The project will mine several cryptocurrencies such as Bitcoin, Bitcoin Cash, Dash and Litecoin by using the newest technologies, Artificial Intelligence and custom algorithms to the betterment of operational efficiency and profits, while also lowering the occurrence of unplanned down-time.

The Moonlite’s Mission

Moonlite intends to increase the value of their token holders by using blockchain technology and by having the entire process backed up by a competent and experienced team.

Moonlite’s future plans include the construction of their first Data Center, which will start on the 2nd of April 2018. The next step would be to have the mining hardware delivered, installed and configured on the 1st of July 2018.

The Data Center’s official opening date is set on the 1st of August 2018, the first day in which the organization will begin its mining operations.

ICO information

The ICO will commence on the 28th of February and it will end on March 15th.

35% of Moonlite’s annual revenue will be dedicated to its buy-back campaign. This means that the organization will buy back MNL tokens from their initial buyers at the actual trading price, and additionally the token’s profit share of 35% of corporate net profits.

Tokens that have been repurchased will be ‘burned’, meaning that the total amount of tokens will decrease and as a result, it will increase a token holder’s share. This also implies that the net value of the token will also experience growth over time.

Those that own the MNL tokens can also vote in all corporate actions, profit distribution, expansion, directors, executives and so on, through the secure voting system. Buy-back proceeds will be distributed in BTC or ETH.

The funds collected by the ICO will be distributed towards setup costs, cash reserves, the advisory team and operational reserves. The MNL tokens can be purchased with Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin, Ripple, and with fiat currencies by using Visa or MasterCard.

The Token Swap Price will be 1 ETH = 1000 MNL; this price is limited to the Pre-sale Phase.

Token symbol

MNL

Token standard:

Ethereum ERC20

Token Supply

100,000,000 MNLT in total

Token distribution:

3% Bounty, 5% team, 5% developers and advisers, 17% Pre-sale, and 70% of the issued Tokens to be sold during the actual Token Swap Campaign.

Lockup period:

180 days lockup period for team

Token Swap Price:

0.002 ETH = 1 MNL

1 ETH = 500 MNL

Swap target

Maximum of: 70,000,000 MNL

Public Exchange:

Ether Delta & 2 Larger exchanges pending confirmation

Bonuses offered

For investors that contribute early, either in the Pre-sale Phase or in the first hours of the sale, there will be bonuses:

Pre-sale Phase 1: buyer will receive a 100-300% token bonus – ends on: 31 January 2018

Pre-sale Phase 2:  buyer will receive a 50% – ends on: 28 February 2018

Main ICO: buyer will receive a 50% Sign up bonus in the first 12 hours, thereafter 0% –  ends on: 15 March 2018

Conclusion

Moonlite plans to be an efficient and green mining venture that will operate at an industrial scale. The main benefit of Moonlite is the fact they offer a share of the profits to their investors. For more details, you can check their Facebook, Twitter, Telegram group or via email by contacting Eric Krige.


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