Fivestarminingnetwork Litepaper

Transcription

1 Fivestarminingnetwork Litepaper FSN TOKEN Page 1 / 15

2 Whitepaper summary What is Fivestarminingnetwork FivestarminingnetworkTeam Roadmap Token and fund distribution Buyback scheme Mining process Fivestarminingnetwork goals Page 2 / 15

3 Fivestarminingnetwork or FSN token F I V E S TAR M I N I N G N E T W O R K is cryptocurrency that will be backed by mined cryptocurrency coins. W hat problem we solve? A big problem in market is ICO projects that have huge marketing for their projects, and they don t really care about token price, as long as they can fulfill project needs. We will focus on project needs and mostly on tokens price ensuring that investors multiply their investments instead of losing it straight after ICO end. Solution Our tokens will be backed up by cryptocurrency mining farm, and we will use mined cryptocurrency to sell them and use funds to support token price and raise it monthly. Our goals We aim to take at least 5% of cryptocurrency market share by the year 2021 OUR DNA Value your community Give back to everyone involved Use most advanced and eco friendly technology Be transparent Page 3 / 15

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6 FIVESTARMININGNETWORK ROADMAP Website June 2018 Launch of temporary website (updated website now) Wallet December 2018 FSN token wallet launch MINING FARM December 2018 Signing contracts and preparation for mining process farm starts Contract July 2018 Launch of smart contract / token contract (Public contract launched) Mining tests November 2018 Mining tokens test phase 1 EXCHANGE January-February 2019 FSN token listing on exchanges PRESALE August 2018 Whitelist pre-sale stage 1 ( started ) REPORTS October 2018 Detailed whitepaper launch MINING STARTS FEBRUARY-MARCH 2019 Mining process starts PRESALE 2 September 2018 Public pre-sale stage 2 PUBLIC SALE October 2018 Public token sale EXCHANGE BUILD February 2019 Work starts on making own exchange Page 6/ 15

7 TOKEN AND FUND DISTRIBUTION TO K EN DIST R IBUTION FSN OPERATIONS 9% FUND A LLOCATION MANAGEMENT FSN 9% LEGAL 6% MARKETING,SALES& PARTNERSHIPS 19% PRODUCT DEVELOPMENT 57% PUBLIC 70% RESERVE 15% FOUNDERS&TEAM 9% ADVISORS 3% BOUNTY 3% Page 7/ 15

8 FSN TOKEN FSN TOKEN PRICE $ Term of token sale - 01/08/ /12/2018 Technical limitations - 10,000,000,000 FSN Adjustable emission - Unsold tokens will be locked. Payment types - ETH, BTC Soft cap / Hard cap - 1,000,000$ / 10,000,000$ Page 8/ 15

9 FSN TOKEN, MINING AND BUYBACK SCHEME Raising funds Investors with FSN tokens FSN TOKENSALE FUND ALLOCATION Mining equipment Hiring team Buildings Legal expenses Mining process 24 Hour security 24 Hour maintenance Cryptocurrenc y income MINING PROCESS Use of funds from profits to buyback FSN directly at exchanges each month BUYBACK SCHEME PROFITS Utility bills Maintenance Buyback scheme Page 9/ 15 80% Selling on exchanges monthly 10% To reserve funding 10% Buying more equipment CRYPTOCURRENCY

10 FSN TOKEN PRICE PREDICTION PRESALE AUGUST 2018 CROWDSALE OCTOBER 2018 Exchange listing January 2019 Price on exchange March 2019 Price on exchange June 2019 Price on exchange September 9 Price on exchange December 2019 FSN SALE PRICE $ $ $ 0,0009 $ $ $ $ Page 10 / 15

11 FIVESTARMININGNETWORK GOALS Market in billions FSN FSN expectations Year 2019 Year 2020 Year 2021 Year 2022 Page 11 / 15

12 Cryptocurrency mining How cryptocurrency mining works Where do cryptocurrency come from? With paper money, a government decides when to print and distribute money. cryptocurrency doesn't have a central government. With cryptocurrency, miners use special software to solve math problems and are issued a certain number of cryptocurrency in exchange.this provides a smart way to issue the currency and also creates an incentive for more people to mine. miners help keep the cryptocurrency network secure by approving transactions. Mining is an important and integral part of cryptocurrency that ensures fairness while keeping the cryptocurrency network stable, safe and secure. The Block Reward When a block is discovered, the discoverer may award themselves a certain number of cryptocurrency, which is agreed-upon by everyone in the network. this bounty is depending on coin you are mining. Additionally, the miner is awarded the fees paid by users sending transactions.the fee is an incentive for the miner to include the transaction in their block. In the future, as the number of new bitcoins miners are allowed to create in each block dwindles, the fees will make up a much more important percentage of mining income. Page 12 / 15

13 Cryptocurrency mining equipment Today's modern and best bitcoin mining hardware Application-specific integrated circuit (ASIC) miners have taken over completely.these ASIC machines mine at unprecedented speeds while consuming much less power than FPGA or GPU mining rigs. At Fivestarminingnetwork we will use most advanced technology possible to maximize mining efficiency and profits, while keeping emission as low as possible. Page 13 / 15

14 Page 14 / 15 We will buyback coins twice a month first and third Monday of the current month They will be locked for at least 12 month period. Coins that have been bought back won t be in use. All available funds will go to exchange with target to buy out all coins from holders. You can hold tokens to receive profit as price will increase, all money made from mining goes to buy back tokens there is no monthly dividends. Not at project early stage, but we keep right to make surprise airdrop for long-term holders. We will share 50% of profits raised from our trading fees with our token holders, more information will be provided upon exchange launch.

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16 Thanks for reading! Page 15 / 15 support@fivestarminingnetwork.com