SECURIX: WORKING TOWARDS A BETTER BLOCKCHAIN MINING INDUSTRY
This article is based on my personal review on the stated project, its not an investment advise but a guide to give investors on some notable ICOs that may likely make remarkable impact in the blockchain industry.
The blockchain mining industry has been around since the bitcoin boom, individuals and brands coming in to experience, utilize and invest in the sector. As interesting as it is, it has been described as a challenging sector due to the ever increasing demand for power consumption to sustain the process, the required hardware and a pretty high cost of maintenance. Such has made the industry redundant and less productive as most brands has phased out of existence because they can't cope with the demands but Securix seems to be up to the challenges that the industry is known for and ready to change the niche from the usual.
Securix admits of the risk involved in investing, especially in a sector as blockchain mining but they believe that their token is more stable due to their ROI which is calculated on a year average bitcoin price. The key to investing in Securix is through the acquisition of it's token, such grants the holder access to their mining services. Securix is a crypto mining project that issues out monthly returns of investment to holders of it's token, such will be done at the end of each month, as the holder will be sent a certain percentage of profit directly to their wallet ERC-20 wallet in the form of ether and the question is, why ether?.
A couple of reasons exist as to why they issue out ether to holders and not bitcoin, well, Securix is an ERC-20 token with the intention of creating what they call a "mega vault", an app where an investor can store/ transfer their SRXIO tokens, which also increases the status of holders, keeps investors up to date about Securix news and help in the interaction between Securix and the investor, creating room for transparency in the entire ecosystem. The decision will also make it easier for investors to trade SRXIO tokens on ERC20-compatible crypto exchanges (trading platforms) in future and Bitcoins cannot be distributed through an Ethereum blockchain. So the decision will create less risks, less exposure and higher rewards for holders.
The revenue allocation is strategically planned to provide the best results for the brand. 45% of the regenerated revenue will be issued out to holders on a monthly basis, 37% will be allocated to handle electricity, which is an intricate part of the process that needs a lot of attention, 10% will be reserved for the improvement and purchasing of hardware and the remaining will be reserved for the brand. The sharing formula will help sustain the brand from the disadvantages that has been known to affect the industry, creating a more sustainable system that will last.
Securix tends to deliver a robust platform, the team sees security as a necessity for the protection of data, measures will be put in place to address such issues with state of the art security system. They also intend to use a decentralized energy platform known as EAN-EAN to buy green energy without any intermediaries involved, saving costs, ensuring uninterrupted power supply and implementing a safe means of power generation.
With an effective team, a means of addressing power supply, proper security and an effective managerial skills that will ensure the proper dissemination of allocation, Securix stands a chance of breaking the jinx that has be known to plague the industry. They have a very vibrant community and the links below will guide you on taking the necessary steps in the acquisition of SRXIO tokens.
Website: https://securix.io
Facebook: https://www.facebook.com/securixmarketing
Twitter: https://twitter.com/securixio
Instagram: https://www.instagram.com/securixio/
LinkedIn: https://www.linkedin.com/company/securix-io/
Medium: https://medium.com/@securixio
i like the way they are plan on building a mining facility!
i mean they are rising funds to build ha facility and also promising them a HIGH ROI within few months!
it'll be good to see how they will develop this project and progress!
Yh. They admit the challenges and provide solution to mining issues. The team shows experience in mining. Hopefully we see how it works out after ICO.
It's going to be interesting since they said their looking to be far more open and in touch with their investors than previous mining groups have i even made suggestion to them of webcams and they seemed genuinely interested in the idea
If my understanding is correct the facility is rented, the equipments are bought. Well the plan is to buy those based on the funds raised.
I so much like the improvements and recent developments Securix is embarking on.
I was originally not understanding why you mine btc and bch and then you pay in ether, but then again I realize they run under the ethereum Erc20 platform
they are not really connected! i mean they are using ERC-20 platform to create value or more likely keeping the share of this project as that mining facility is based on several investment!
this will also help to distribute the reward as they are planing to do that as well!
quite clear to me thank you
I heard the already got a smart contract built on the eth chain. Which implies, income can only be distributed in eth.
because BTC and BCH are neither smartchains and can't do smart contracts, with ethereum they can use smart contracts for distribution
Agreed; I've confirmed the same with the team as well. The auto distribution would require a smart contract and that can't be done on either BTC or BCH
So this is a exact reason that they are giving ROI in ETH? I was not aware about it. Thanks for mentioned here. I would like to know more about it. Let me check more articles of securix.
This is a good explanation, I've wondered for a long time why Securix will pay in ETH but now I know!
The team has some brilliant plans laid out but I am more intrigued by the acquisition of green energy. I call that the ability to think outside the box. Brilliant!
I thought mining cannot be profitable nowadays, because of to high energy and maintenance costs. Securix found a way that it can be a success.
Yeah. They are making sure miners will be able to come out rich from this one.
They sure have big plans for the miners.
yeah and that is definitely a very good thing.
I must say that this guys have a fair investment allocation plan. They are fairly distributing their rewards among several sectors.
True that. The idea of sharing 45% of the gross revenue to its investors, to me, is something epic. I will like to know how it ends though.
It is extremely generous! I thought it was a gross profit share at first but it is gross revenue, this means their revenue is distributed before any costs are taken off! They are also not planning on reducing the rewards at any stage.
I guess it's depends on BTC price? But how they are calculating BTC price? Because it's continuously changing.
yeah, i hope it ends well