Inmining: evolution of the mining industry – Inmining

Inmining operates on the tokenomics business model with elements of gamification. The previous generation of mining projects offered investings in physical assets: for example, remotely purchase equipment and place it in a mining hotel or rent computing power in data centers (the so-called “cloud mining”). In both cases, the investor enters into a fixed price contract for a particular service. Unlike cloud mining and mining hotels Inmining tokenizes its assets and sells utility-tokens INMG. INMG are backed by high-tech equipment from Bitfury and digital asset is here a cryptocurrency, produced in the data center. Given the computing power, electricity costs and the growing complexity of the bitcoin network, each module of the inmining data center will be able to produce about 46 bitcoins in a year after it starts, which is scheduled for early 2020.

Inmining will monthly buy a small share of INMG on cryptocurrency exchanges, and burn them. This tactic will support the value of the token in the long term, will contribute to the growth of liquidity and trading volume and encourage IMMG holders to long-term storage of tokens, which will also help to maintain the stability of the coin rate.

In addition to the income from the exchange rate of tokens themselves, INMG owners have the right to regularly participate in the lottery, in which 35% of the profits from the extracted bitcoins are played. A distinctive feature of the lottery is its win-win for the participants. To participate in the lottery users freeze their INMG tokens in your wallet Inmining and wait for the end of the game round. The higher the bet, the higher the chance of getting a bigger win. Such a mechanism of gamification in Inmining business model allows interested investors to purchase greater amount of INMG tokens. The lottery is held in a distributed network using blockchain technology and eliminates the risks of fraud and fraud results.

Tokenization of a mining enterprise is a way to diversify your assets, invest in a growing mining industry with minimal effort and the ability to quickly enter and exit this market. The whole process — from the purchase of equipment, installation, service maintenance-is delegated to the resident company “Blockchain Technology”.

The primary selling tokens INMG will take place on the world crypto currency exchange Coineal in several rounds. The first public round will be held on September 25–29 2019, the second — October 9–13 2019. During IEO on Coineal there will be INMG tokens for sale. The starting price will be $0.1 and will grow as the tokens are sold. Until September 18, 2019, investors have the opportunity to participate in a private round and purchase INMG tokens at a discount of up to 20%. In total, the private and public rounds of licensee will be distributed 75% or 112,5 million tokens issued by INMG. Issue volume is fixed (150 000 000 INMG). After the initial exchange of offers tokens INMG will be included in the listing Coineal and in the future will also appear on other cryptocurrency exchanges, which will ensure the free circulation of INMG on the secondary market and will become participants of the project and after the completion of the IEO. 85% of funds raised during licensee, will be used for the purchase of equipment and capital costs.

To enter the mining business seems simple only at first. In practice, those who wish to start making on computing emerging market have to deal with a wide list of components and mining machines, to study cooling characteristics, choose the jurisdiction of most optimal in terms of electricity prices and regulation for mining, engage in customs, tax, transport issues. Inmining is an efficient and secure way into the mining industry, bringing a necessary liquidity and thane ability to quickly enter and exit assets.

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