Coin Mine Australia (PreICO)
About Coin Mine Australia
Coin Mine Australia is a leading Australian owned and operated physical cryptocurrency mining operation located in Perth, Western Australia.
Participants in the Coin Mine Australia Token Generation Event (TGE) will obtain Ethereum based CMATM Tokens that will represent their participation in Coin Mine Australia.
Through the leadership of the Co-Founders, Board and Management Team, Coin Mine Australia works on behalf of the CMATM Token Holders to generate value and asset backed cryptocurrency mining operations that are physically located in Australia. By being located in Australia, CMATM Token Holders benefit from high levels of corporate regulation, quality governance standards and low sovereign risk.
CMATM Token Holders contribute to building physical cryptocurrency mining operations that will always be located in Australia and managed directly by the Co-Founders and Coin Mine Australia Management Team. Coin Mine Australia’s output and performance will always be shared with CMATM Token Holders transparently and equitably using Ethereum based smart contracts. Furthermore, the financial performance of the company and its management decisions will be shared openly and independently audited as legally required by the Australian Securities and Investments Commission (ASIC).
Coin Mine Australia takes risk management and the security of the mining operation, the information it holds and the CMATM Token holders interests into account at all times. Coin Mine Australia deploys the latest industry leading physical and cyber security measures to protect its operations. Furthermore, it protects CMATM Token holders and the CMATM Token via the ERC-20 token contract which is deployed to the Ethereum Blockchain to ensure title and ownership of the purchased token.
The total number of CMATM Tokens will be capped at 150,000,000. Eighty percent (80%) or 120,000,000 tokens will be available to participants. Five percent (5%) or 7,500,000 tokens will be allocated to founders and advisors, a further five percent (5%) or 7,500,000 tokens will be held in escrow for future staff, with the remaining ten percent (10%) or 15,000,000 tokens being used as marketing and bounty incentives to ensure the success of the CMATM Token and TGE.
Coin Mine Australia will deploy ninety two point five percent (92.5%) of funds raised in the TGE to hardware and infrastructure costs, including a hardware refresh reserve and contingency fund.
To provide maximum mining efficiency, Coin Mine Australia acquires leading edge technology at wholesale prices and purchases electricity on the bulk wholesale electricity market at low industrial rates by committing to long term supply contracts.
One of the key benefits of physically locating Coin Mine Australia’s Mining Operations in Australia is the security of energy supply and the certainty provided in industrial electricity contract pricing.
Token holders will receive eighty five percent (85%) of Coin Mine Australia mining operations output, minus basic operating costs including electricity. The remaining fifteen percent (15%) will be re-invested to purchase new hardware and grow mining operations, thereby generating greater returns in the future.
The first TGE participant funded Coin Mine Australia mining operations will be built and deployed during Q4 2018. It will be capable of mining multiple cryptocurrencies at any one time using a proprietary Coin Mine Australia mining algorithm called CMAscendTM to maximize the profitability of mining operations.