Golden FleeceVISIT NOW
Project anticipates to build cryptocurrency mining datacenter
Smart contract blockchain
NIKA SAKVARELIDZE - Investor Relations Lead
User ReviewWrite review 2 reviews
So they want our money to build a big mining farm and make money out of it and we get a useless coin? Seems unfair. I hate this kind of approach and I'm pretty sure such project will fail. I don't see how investors can profit of this and I don't even consider this ICO a proper blockchain token. It's just a fancy share, that you can sell on the exchange later. They even aim to buy back the shares at very low price and destroy them.
The design is quite okay, nothing interesting. The specs or information provided seems okay. They've chosen a place, will have cheap electricity and laws and regulations on their side. But the benefits of buying are little to no at all.
So they are raising money through ICO to build a huge mining facility. They have chosen the place quite carefully and they seem to have planned everything well. They are building this in Georgia, because of pretty cheap electricity and most of the energy being produced in eco friendly way.
In this kind of projects developers often choose to award initial buyers some profits and parts of profit, however I couldn't find any information about benefits of buying this token. It seems like it's just simply a share that you can later sell on exchange. Kind of disappointing.
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