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Miny Whitepaper
Miny Whitepaper
Miny
Minimal
Whitepaper www.website.com
“Many unwise people risk while
chasing a higher profit. Clever
people, on the other hand, chase
safety, but make it profitable if
it’s not!”
Thomas Norberg CEO, Miny
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ABOUT MINY
MINY is a Hong Kong-based cryptocurrency mining company managed by entrepreneurial
and professional individuals. It was founded in November 2019 by a cryptocurrency
enthusiast and entrepreneur Thomas Norberg, who was born in Russia and completed
his Master in International Business and Management in Sweden. Norberg’s vision was to
create a platform that allows anyone from any corner of the world to earn through mining.
MINY provides varying computational power to of between 10% and 19% monthly depending
meet the mining needs of everyone. Besides, the on the balance retained in your mining pool.
platform guides users to build wealth and attain
financial freedom. All this is integrated with a simple multi-currency
Miny Wallet, in where you can manage and earn
MINY presents you with an extremely simple, Bitcoin, Ethereum, Litecoin and Miny Tokens.
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MINING
As you probably know, Bitcoin and many
other cryptocurrencies are decentralized.
Decentralization means, that the responsibilities
of supporting the blockchain are spread among
all cryptocurrency-network users all over the
world. The various blockchains do not rely on
any specific individual for support. Support here
means legitimizing blockchain transactions and
monitoring the cryptocurrency network. of the hash that needs to be calculated, claims
a reward. This principle is called Proof of Work
Miners audit and verify previous transactions. (PoW). Mining one block of transactions earns
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Doing so avoids the possibility of “double- a reward, which is 6.25 BTC at the moment.
spending.” Mining is done by calculating a This amount will be halved again (3.125 BTC)
64-digit hash. Of course, miners do not go to in the next Bitcoin Halving slated to happen
this trouble for fun. A miner who finds hashes to in 2024. The last one happened on May 11,
1 MB (I Block) of transactions or the equivalent 2020.
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THE PROBLEM
The concept of mining started with the invention of Bitcoin about 10 years ago. Initially, it was considerably easy. Over time,
however, beating the other miners to find the fitting hashes of a block of transactions has gotten difficult. Back in 2009, not many
users were mining Bitcoin, which probably explains the ease of mining then. The growing popularity of Bitcoin coupled with the
corresponding difficulty of the mathematical puzzles that come with verifying a transaction means that miners now need relatively
large computational power to increase their chances of beating the other miners in solving the transactions and hence getting
the block reward. This fact has transformed mining into a big business. As such, large corporations with adequate budgetary
allocations have set up mining rigs with large computational power. These corporations are reaping most of the block rewards.
The situation explained here above means that the profitability of mining is now a preserve of these corporations.
THE SOLUTION
Individuals that lack adequate capital and equipment investment cannot earn reasonable
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profits from mining. This situation is rather unfortunate since the proceeds from mining should
not be a preserve of the capital-endowed. To make mining a profitable venture for everyone,
as such, access to machines with increased computational power should be a priority. Cloud
computing solves this problem by offering everyone access to machines that identify hashes
to transactions a lot faster.
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THE SOLUTION
POOL MINING
As highlighted above, the difficulty of calculating the mathematical puzzles of a transaction has
increased considerably over time. Miners, as such, came up with the idea to consolidate resources
in pools. Pool mining refers to sharing computational power to increase the chances of verifying
transactions in the blockchain. However, as the chances increase, the profitability decreases since it
is shared proportionately among all the miners that have contributed computational resources. The
share available to each miner depends on the hashing rates he or she provides.
CLOUD MINING
It has been established that miners with inadequate capital and equipment investment can still mine
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BTC profitably. However, what if you have inadequate resources and are not knowledgeable about
mining? Is it possible for you to access profitable mining resources regardless of your location? Well,
if you answered yes to all these questions, then cloud mining may be what you need. Through cloud
mining, you lease computational power and can mine BTC without the need to own hardware.
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THE SOLUTION
MINY AI
Miny has incorporated Artificial Intelligence into its operations to make mining even more profitable.
The AI algorithm developed by our smart and professional IT-Team monitors and analyses current
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market situations and makes a predictive analysis of the future. We can now calculate the probabilities
of cryptocurrency values using this AI algorithm. Our mining operations, as such, are not only about
the mining rewards, but also about increasing efficiency. The operations are set to shift to mine more
valuable coins depending on the market changes.
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THE MINY VALUE PROPOSITION
phrase. Both are encrypted with your your balance, the bigger the reward. commissions as a result.
password and only accessible to you. You can take home up to 19% of your The MINY affiliate program pays you for
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Your funds are safe! balance monthly! your direct line of recruits and individuals
in your downline up till the 20th line.
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The platform distributes these commissions as well as the mining rewards in MINY Tokens. And, because of the token’s artificial scarcity,
your earnings get to increase in value.
WHAT IS ABOUT THE MINY TOKEN
IN SUMMARY
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MULTIFUNCTIONAL MINY TOKEN
The Miny platform plans to list MINY on several notable The Miny platform will not distribute any more coins
cryptocurrency exchanges 12 months after the token’s 12 months after the launch of the MINY coin. After this
launch. A list of these exchanges is available on the next period, holders of the coin will use it to among other
page. Anyone that creates an account on the platform things, rent computational power on our platform. Users,
will have the option of buying and selling MINY tokens as such, will earn rewards based on the currencies that
as well. Miny platform mines.
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MINY TOKEN DISTRIBUTION
DETAILS AT A GLANACE
Total Supply: Decimal: Starting: Market Cap: Offer price: Token type:
50,000,000 Tokens 18 digits $ 50M $1 ERC-20
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THE MINY
TOKEN CONCEPT BENEFITS
Miny will release up to 50 Million Miny Tokens with As a platform, we risk users’
an offer price of $1. The company will back the total funds. To make it worth
market cap 100% with both company assets and everyone’s while, we went for an
cash reserves in a nominated account. Among the artificial scarcity approach, which
assets that the company plans to put forth as part increases the value of the tokens
of the security setup include mining hangars, with the decrease in supply. We
mining devices as well as software. The chose to do this because we are
said security shall represent a fixed very confident about the project.
value of the market capitalization. And, since we are sure
Importantly, burning a specified about returns, we want
portion of the tokens after our supporters to get
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PROMOTION BUDGET
Out of the 50 million MINY tokens that will be released, 1 million the circulating tokens will
be at the disposal of the platform for promotion and marketing campaigns. These tokens
shall be used only after concluding the coin offering, that is, 12 months after launching
the sale of the MINY token. The promotion budget proposed by the platform includes
the cost of listing the token in the various exchanges earlier mentioned as well as the any
other marketing campaign that the developers will deem necessary. The tokens shall be
sold in batches of 25,000 tokens every week after the offer phase with the intention to
maintain the stability of the value price of the token. The developers have evaluated the
marketing strategy and determined the current and possible future market conditions.
Based on these conditions, and guided by a mathematical formula, the price of each
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Miny token will range between $8.50 and $15 12 months after the offer period closes.
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PROMOTION BUDGET
Listings
Binance $1M-$2M | 235394 Tokens
Airdrops
Kucoin $300K-$500K | 58823 Tokens
Marketing
OKEx $0
Bitfinex $0
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*These statistics are not accurate as they are based on future situations and on the probability of the Miny Token Price after 12 months.
INVESTING ON THE MINY PLATFORM
The Miny platform presents three 3 different investment categories. Each of these offers a
different rate of returns. The percentage return depends on the amount that the user holds as
his or her mining pool balance:
0.33%/day | 10%/month 0.005 BTC – 0.08 BTC 0.25 ETH – 4 ETH 0.75 LTC – 11 LTC
0.50%/day | 15%/month 0.08 BTC – 1.65 BTC 4 ETH – 80 ETH 11 LTC – 225 LTC
0.63%/day | 19%/month From 1.65 BTC From 80 ETH From 225 LTC
FOR
10% for 15-28 Days
FOR +2.5% 60
30
DAYS
+1% DAYS
5% from 29 Days
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PROFIT DISTRIBUTION
Miny proposes a wealth distribution structure SALES
that gives away a fixed percentage proportional
to the amount a user holds in the Mining Pool.
The wealth distributed shall also consist of the
returns from the mining pool as well. However, 12%
Miny reserves the right to hold the reserve
amount deducted from the profits of its users.
The said amount shall be put to different uses as 23% 40%
illustrated in the pie chart below.
25%
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EARN WITH MINY
IN JUST A FEW STEPS
Benefit from
Fund your wallet Miny Token
Send an amount to All profits are paid out in
your safe wallets on Miny Tokens. The fact, that
Miny. At the moment, the Token is fully backed
you can invest with and burned with every sold,
Bitcoin, Litecoin & causes a deflation, meaning
Ethereum. an increase in value.
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CAREER
As mentioned earlier in the whitepaper, the Miny platform offers its users with multiple revenue streams. The Multilevel
Affiliate Program allows you to earn commissions not only on your direct referrals but also up to the 20th line in your
network. As such, you can earn on the Miny platform not only by leasing computational power but also by promoting
the platform’s novel mining idea among your networks. And, it is easy to invite prospective users. When you create an
account on the platform, a referral link that is unique to you will be generated as well. You are free to share this link within
your network. Whoever joins through the same becomes part of your team permanently. You will earn daily commissions
from this network of referrals. Your commissions will be commensurate with the balance amount that your downline holds
in the mining pool. As you grow your network, you can unlock more lines by solving the quests of the Miny platform’s
Level System.
Line 4 - 20 1% of refferrals’
From 80mining
ETH rewards
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DEVELOPMENTAL ROADMAP
20th
August Laying the company’s foundation
2019
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. Launching the Affiliate Program
Q2 2020
. Equipment Optimization
Launching the Miny Token Offering
Q3 2020 Application
Q2 2021
. Concluding the distribution of Miny Tokens
Publication of ERC-20 and Distribution of Tokens
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Q4 2021
. Instituting the Explorer
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Binance Listing
. Setting up the Miny Shop
Q1 2022
. Equipment Optimization
.
Setting up a new mining farm
Exrates Listing
Q2 2022
. HitBTC Listing
Setting up the Internal Exchange
Q3 2022
. KuCoin Listing
LaToken Listing
Q4 2022
. Liquid Listing
Establishing the first Miny Mining Pool
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APPLICATION
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