Token sale opening date:
01 Aug 2018 (2 years ago)
Token sale closing date:
25 Sep 2018 (1 year ago)
Each CBM Token is equal to 1 terahash of processing power, and is offered to accredited U.S. investors under Regulation D and non-U.S. investors under Regulation S viaSecuritize.io security token issuance platform. Coinmint's bitcoin mining operations are located in the former Alcoa Massena East aluminium smelting facility in upstate New York and benefits from over 400mw of available renewable hydroelectric power at ca. $0.02/kWh. All of the hashrate produced by the Tokenized Mining Business is contributed to a Mining Pool Partner, which at present is Slush Pool, to undertake Mining activities. Each Token Holder will be entitled to their pro rata share of mining rewards equal to the gross mining rewards less the operating costs and any associated fees. The Issue will be conducted in rolling closes, the first of which is expected to be September 15th, or until the hashing target is reached.
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