The Project Idea
As cryptocurrency mining becomes more and more popular, people expressed their concerns regarding the waste that it is producing. According to some estimations, the Bitcoin network alone will consume more power in 2019 than the United States of America. But Moonlite may have a solution to this.
Moonlite aspires to be an industrial-scale cryptocurrency mining operation that will mine Bitcoin, Bitcoin Cash, Dash, and Litecoin. They want to create one of the largest mining operations in the world, through a process that uses only low-cost, sustainable, green energy.
Moreover, Moonlite will improve operational efficiency and profits, and limit unplanned down-time by implementing up-and-coming technologies, custom algorithms, and Artificial Intelligence.
What is Moonlite planning to accomplish with their ICO?
Moonlite is trying to offer leverage to its token-holders by increasing their token's value over time. This will be done by using the most advanced emerging technologies and by having the entire process operated by highly skilled and experienced individuals.
When the ICO is completed successfully on April 2nd, 2018, Moonlite will start creating their first professional Data Center. On July 1st, 2018, the operation will progress to delivering, installing, and configuring mining equipment.
The team intends to have its official opening day for their Data Center and the launch of their mining operations on August 1st, 2018.
ICO dates, bonuses and fund allocation
The initial coin offering will commence on the February 28th, at 12:00 GMT and end on March 15th.
Moonlite will distribute 35% of its annual earnings to fund its buyback campaign. This will allow the organization to acquire its MNL tokens from their token-holders, at the coin's current trading price and the profit share of each token.
Tokens that have been repurchased will be "burned", thus minimizing the total supply amount and increasing each token holder's share. This action will also influence the net value of the token, which will grow over a period of time.
Token holders also have the ability to influence the organization's direction by voting in all corporate actions; profit distribution; expansion; hiring directors, executives, and so on; through a secure voting system.
The holders of MNL coins will receive their buyback proceedings in BTC and ETH.
The earnings that result from the ICO campaign will be allotted toward setup costs, the advisory team, cash serves, and operational reserves.
MoonLite tokens can be bought with Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dash, Ripple, and bank cards such as Visa or MasterCard.
The Token Swap Price of 1 ETH = 1000 MNL will be valid only during 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 and 2 larger exchanges pending confirmation
Moonlite will offer bonuses for those that make purchases in the pre-sale phase or in the first hours of the sale phase. The bonuses are as following:
Pre-sale Phase 1: The buyer will receive a 100%-300% token bonus – to end on January 31st, 2018
Pre-sale Phase 2: The buyer will receive a 50% token bonus – to end on February 28th, 2018
Main ICO: The buyer will receive a 50% Sign up bonus in the first 12 hours, thereafter 0% - to end on March 15th, 2018
Moonlite is an ambitious project that is determined to become one of the largest cryptocurrency mining operations. The upcoming token swap will enable them to produce digital coins in an efficient and green way. For more details, you can check their Facebook, Twitter, Telegram group, or via email by contacting Eric Krige.