EGOLD MINING

February 09, 2019

EGOLD MINING

What is eGold Mining?
eGold Mining is a community of people who want to mine crypto currencies by combining resources to achieve savings on cutting-edge equipment, professional care, and very cheap electricity. We are conducting a Token Sale to build the world’s largest crypto crowdfunded mining operation. The eGold Mining Token will be an eGM Token.

After eGold Mining operates, eGM token holders will share net income based on the G-points they have accumulated.

How does it work?

You can simply buy the eGM token and save it in the personal wallet ERC20 (we recommend Metamask). By holding this token, you can accumulate G-points every day. You compete with others to see who can collect the most G-points and get the biggest share of profits! Learn how G-points are calculated here.

Why eGold Mining?
Unmatched benefits that other competitors cannot give

Profit sharing
50% of net income is shared with token holders every month, six months and years depending on the accumulation of G-points and the length of time the EGM tokens are held. Payments will be made at ETH through smart contracts.

Legality
eGM takes appropriate steps to comply with all security laws established by the United States government. The aim is to become the first US-based revenue sharing company in the mining industry. eGM plans to operate legally under the jurisdiction of South Dakota, USA.

Trust
Being a company registered in the United States allows investment security compared to similar companies around the world. Registration for the official eGold Mining business entity can be found here.

Cheap Electricity Rates
Electricity costs for eGold Mining are below 4.5 cents per kWh with all additional cost factors included. eGM has the cheapest electricity costs from all profit sharing mining companies.

G-point
Contrary to traditional profit sharing methods, eGM rewards investors through a point system called ‘G-point’. The G-point system is there to give the most gifts to long-term token holders.

There is no contract
Unlike Cloud Mining, eGM does not require the purchase of a contract or hash power to receive mining profits. The benefits are shared by only holding the GMGM eGM and accumulating G-points.

The EGM gives incentives to long-term token holders because the longer they hold, the higher the profit they receive. This is made possible by the payment structure below.

Short-term Holders

Dividends are paid every month
Reset G-points every month
25% of profit
Must hold a full month token to receive profit sharing
Long-term Holder

Dividends are paid every six months
Reset G-point every six months
15% part of profit
Must hold a token for at least three months to receive profit sharing
Elite Holder

Dividends are paid annually
G-points are never reset
10% of profit
Must hold tokens for at least six months to receive profit sharing
Token eGM

EGM is a token with payment that gives the token holder the right to a percentage of net income from mining, cloud mining, and hosting operations. Profits will be paid on a monthly basis which allows ordinary people to take advantage of cryptocurrency mining.

Initial Token Offer (ITO)

The aim of ITO is to raise sufficient funds to cover the initial costs of operations. This is also to distribute eGM tokens to token buyers so that they can begin to get a share of mining profits. The eGM tokens play an important role in receiving your share of cryptocurrency mined.

There will be a total of 25 million eGM tokens. 20 million tokens will be publicly available through pre-sales & ITO and 5 million other tokens will be distributed among directors and advisers.

Directors will be held in escrow wallets for two years and they cannot sell more than 50% of their tokens per year since then. They must divide 50% into monthly sales (4.16% per month) and report the sale of their tokens for our monthly public accounting reports.

After a period of four years, directors were permitted to freely sell all their EGM tokens one week after reporting their sales intentions. Advisers can sell all their tokens after two years of holding but must first report the intention of the sale to the company.

There are three softcaps for the project: $ 8 million, $ 12 million, and $ 20 million. The first softcap is the minimum amount needed to start a profitable operation.

The second softcap is the amount needed to meet the projections set out under ‘Projections and Returns on Investment’, below.

The third softcap is the amount needed to buy land, build a warehouse, invest more, and buy more ASIC miners.

With a larger number of startups, we will be able to eliminate a lot of costs in the future and will be able to buy more to support the eGM tokens.

Prices per token will be determined at the time of ITO completion. The reason for this is a bonus from the presale and referral program that must be calculated into the overall price of the eGM token.

ITO Budget Requirements and Allocation

Soft Cap 1 = $ 8 million
Soft Cap 2 = $ 12 million
Soft Cap 3 = $ 20 million
Hard Cap = $ 50 million
Calculations are based on mining difficulties 8/02/2018 (subject to change)
Calculations are based on Soft Cap 2
Energy level ~ 4.5c / kWh
Energy costs can change based on the market for natural gas
The energy level will range between 4c-4.5c / kWh

To get more relevant details from the Egold Minning project or join social media and sales crowds, please follow some sources for reference

investors can benefit from expensive and attractive use by referring to price quotes and requests to wait as the target yield limit with an expiration date in the form of achieving use with different exchange tables to manage the range of investment projects with business. – Cryptocurrency plan for mining finance.

EGM Core Team