Coinmint launches Bitcoin Mining Security Token Auction
NEW YORK, NY – Coinmint has announced the launch of its token auction through a partnership with its security token issuance platform, Securitize.io. Each token is the equivalent of one terahash of Bitcoin mining processing power. Securitize.io’s first-of-its-kind, fully automated system allows accredited investors to receive daily payouts. Token holders will partake in the expansion of Coinmint's new 1300-acre, 400+-megawatt site in Massena, NY. "Since launch, we've focused on setting up our new site and hiring," said Prieur Leary, Chief Technological Officer at Coinmint. "Given the overwhelming requests for a broader participation in the distribution of our infrastructure, not to mention the obvious community benefits from the same, our decision to offer a token not only accelerates the facility's growth, but materially expands the participation in the backend Bitcoin network." "Coinmint's security token contract is unique, in that it secures daily returns for its owner," stated Carlos Domingo, Co-founder of Securitize. "Securitize is proud to have developed a highly innovative dividend payment mechanism that allows token holders to immediately realize the benefits of Bitcoin mining without any of the hassles or complexity of other environments." Coinmint prides itself on the fact that it currently mines the world's single largest amount of Bitcoin at the industry's lowest rate of production. Coinment’s 2017 price for energy has averaged below $0.02, and token holders will participate in actual costs with no markups. Coinmint will receive a 25% performance fee, providing for complete alignment with…
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