Securix.io plans to mine BTC and BCH and share its revenue

ethninja (25)in #securix • 6 years ago (edited)

The release of bitcoin made for many great advancements in the crypto world. Because of it we have the wide spectrum of tokens spread over different sectors serving different purposes solves various problems that traditional systems could not solve. The primary drive of any crypto currency is mining regardless of what type of mining it might be.

The decentralized nature of crypto currencies mandates mining that conforms to a given consensus to fully operate. The widely circulated and the most expensive coin as of yet is Bitcoin. Mining it was possible few years back but as more people joined the mining process, the more difficult it became for people with ordinary machines. As of now you would require a huge investment to join the process limiting the likes of us to profit from the process. However that is about to change.

From 10500 square meters location in the Netherlands comes a token-driven mining company that operates using EAN-EAN energy purchase.The company is called Securix.io. By owning its SRXIO tokens you will be able to gain from their gross mining revenue on a monthly basis. This is an automatic process done through smart contracts. The smart contract will handle distribution to token holders. The revenue distribution is done in ETH. The company’s head office is officially registered in Dubai with the license number 47001024 while the data center is located in the Netherlands under the license number: 71204628. This was important for them to get sorted first to prove they were legit.

Securix was able to raise 250k for its seed capital and was able to hit their softcap of $3 mil during the private sale. In 10 days the public sale will be open marking the 27th September 2018 and the hard cap is set at $42.35 million with the minimum investment of 100 USD. It is worth noting here that the price of 1 SRXIO is $1. Given the company was able to hit its softcap; not sufficing the hardcap does not mean it will not be able to start mining; it will commence however with lower capacity.

The data center location being 10500 square meters can host around 24k mining units and based on their calculations they can generate more than 24 BTC on a daily basis. Notice I mentioned BTC that is because Securix.io is planning to start mining on Bitcoin and Bitcoin Cash. The reason behind this decision is because the two have the highest market capitalization and they are widely known and popular. This also means that mining hardware will be specifically for the mentioned two coins. The location being the Netherlands means stable internet and electricity connections; the latter is at 99.995% availability rate. Along with the stable economy and politics of the country.

Now the question that might cross your mind is what about volatility? I mean bitcoin now costs around 7K while 10 months ago is was more than 10k. Wouldn’t this be a risky investment?

That platform had opted for what is called a reserve fund. As it is known crypto as of now is highly volatile and this measure is to protect investors against any major loss. 10% of the monthly revenue would be directed to that reserve fund. This practice is to be carried out in the initial months. Another measure Securix.io is taking to protects its investors is by halting operations when times are terrible to operate on. During that time the reserve fund would cover the mining costs. The reserve is constantly monitored and kept ready for emergencies. If it hits a lower limit they will commence in another round of adding 10% of the revenue to it.

As of late ICObench listed Securix with a good rating of 5/5 and the experts rating averaged at 4.3 at the time of writing. As it is known on ICObench there is a KYC section were team members submit their documents. According to ICObench’s site the team has successfully passed the KYC procedure. as you can see below: