MaxiMine proposes a decentralized mining pool based on blockchain technology to provide an open, fair, accessible and transparent mining pool for investors. Investors will also be able to benefit from the overall services based on the rich experiences of the founders and team members.
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Project Launch - 20 July 2017
In July 2017, the MaxiMine team researched the feasibility and profitability of cryptocurrency mining via an ambitious token offering. The team studied existing mining pools, such as antpool and cloud mining facilities. The study concludes: Developing a mining pool with distributed revenue system to manage large-scale cloud mining is an ideal programme.
MXM Pre-sale & Public Offering – Apr-Jun 2018
MaxiMine team will conduct pre-sale for high net worth investors to buy tokens in bulk. Most of the money obtained from the pre-sale will enable the team to pay a deposit for the required mining equipment. The public offering will allow investors around the world to be part of the MaxiMine community.
Equipment Purchase – May 2018
MaxiMine team will contact hardware vendors to bulk purchase mining equipment, this phase of the funds will be used to pay equipment down payment and surveying feasible locations for the construction of mining facilities.
Construction of Mining Facilities – Sep 2018
MaxiMine has secured an area for its mining pool in Northern China. The team will oversee the building of the mining facilities. Recruitment will also be conducted for experienced individuals in related sectors such as datacentres and strict background checks will be conducted for all individuals.
First Mining Reward Payout – Nov 2018
MaxiMine will pay investors who have pledged MXM at the start with the earnings from the mining operations. These payments will be distributed on a monthly basis from this point onwards and sent to the individual wallets of each investor. Investor confidence will also increase once tangible returns have been deposited into their holdings.
Expansion of Mining Facilities – Early 2019
MaxiMine will use operating profits to expand the mining pool. This will provide accretive value to the mining pool and MXM tokens while increasing the return-on-investment for all existing and early stage investors. The increased ROI would also positively impact the perception of the token.
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