Mining Token – Revolutionizing the Way We Mine and Trade
Introduction
We are excited to introduce our upcoming mining token. However, we are not disclosing the name of the token until it receives global protection. Initially, our mining function will run in simulation mode until we launch our own blockchain. As soon as the testing phase is completed, the “Mining Token” generated in simulation mode will be sent to the user’s wallet as real coins, marking the end of the simulation mode and initiating the transition to real mining. We will only provide a certain amount of coins for mining each day, which will be distributed among app users who have chosen to mine. As the number of app users and daily limits increase, the amount each user can earn through mining will decrease. With the increasing number of app users, the value of our company and therefore the value of our “Mining Token” will also increase.
Distribution
We will periodically provide a certain amount of tokens for mining each year. Based on the needs and development of the financial market, the yearly release of tokens for mining will be adjusted. To maintain the stability of our mining token as a cryptocurrency, we will collaborate with our investors and miners in deciding the optimal amount of tokens to distribute. A separate escrow account will be created to invest 20% of our advertising revenue. The funds in this account will be utilized to invest in other assets such as real estate and precious metals, making our mining token one of the first coins on the market backed by real assets at the time of exchange listing. All of this information will be available on our website.
At the outset, Coin7 will not possess any Mining Tokens, but it will receive a percentage once we make the transition to the actual mining on our blockchain.
The percentage breakdown of how the mined coins will be distributed to the various involved parties:
- Company: 40% of total mined coins
- Miners: 40% of total mined coins
- Upper levels in MLM system: 20% of total mined coins
Listing: The exchange listing will only take place once a certain amount of coins is available, estimated to be at the end of 2024.
We value the input of our investors and miners, and we will incorporate their feedback into our plans to ensure that our mining token remains stable and successful.
