Quote from: CryptoSuperPanda on March 30, 2018, 10:10:15 AM

Quote from: minerone.io on March 30, 2018, 09:39:30 AM

Quote from: CryptoSuperPanda on March 29, 2018, 05:17:59 PM

Quote from: minerone.io on March 29, 2018, 01:57:14 PM

Quote from: CryptoSuperPanda on March 29, 2018, 01:23:33 PM

Hi guys!

I am very interested in your ICO and have some questions answers to which are vital for my decision to invest.

I have read your Whitepaper very carefully but unfortunately couldn't find this information Huh

1) Tokens give share in profits. So I need to know in details all info on the costs.

1.1) What is your estimation of other costs per KW/h apart from electricity (like salary, Internet, repairs, rent)?
1.2) What taxes (e.g. income tax) and at what rates will be paid?
1.3) How can we be sure that you will not knowingly increase costs (salary for example) to make profits zero and legally not pay anything to token holders?

2) You plan to build data center in Lulea, Sweden

2.1) What is legal status of cryptocurrency mining in Sweden? Is it allowed? What taxes are applicable?
2.2) Which company produces electricity in Lulea? Do you have an agreement with electricity producer for electricity supply? What power is reserved for you? Can you please provide contract or an agreement of intent?
2.3) You state that the price of electricity is EUR 0.065 per KW/h. Please provide support for this price. Is it stated in the contract?
2.4) Where exactly in Lulea do you plan to build the data center? Do you have permission from the municipality to build data center in the selected area?
2.5) What happens if you raise all $200 mln on ICO? Will there be sufficient electricity power and area to build such huge data center?

3) You plan to buy Ebang Ebit Miner E10

3.1) Do you have contract or an agreement of intent with Ebang? In case of success you will have to buy great amount of ASICs. How can you be sure that you will be able to buy ASICs in large amount?
3.2) You state that you will buy Ebang Ebit Miner E10 at lower than retail price and with no shipping and customs costs. Can you please provide support for this statements?

4) You plan to list tokens on exchange mid April

4.1) Do you have an agreement with any exchange?
4.2) Your token is defenetly a security token. How are you going to overcome this fact in order to be listed on exchange?

Glad to hear of your interest in investing! We see you have a lot of great questions and would like to address them on our Telegram channel. Please join the conversation: https://t.me/theminerone

Please answer here

The purpose of this chat is asking questions and getting answers, right?

If I join Telegram chat of every ICO that is currently on the run my phone will choke on messages Undecided

Since you say you are interested in making an investment, we have advisors online who can address your questions very specifically. This forum is more suitable for general discussions and compact responses. If you would like an advisor to contact you directly, please write to vip@minerone.io.

- Invite your advisors and make them answer here. Isn't it more convenient for you to answer 1 time instead of chatting with thousands of people?
- Speaking about compact responses - I went through this chat and there are great number of very large messages from you

With all respect what I see is that you are going away from the answer or simply don't have them Cry

Is is you who should be interested in providing detailed answers to potential investors.
You want to raise $200 mln Shocked

but currently behave in an unseemly manner Embarrassed

Investors who are seriously interested and want to have a constructive conversation are talking to us on Telegram (which is a public channel that anyone can review and join at any time) or, if they prefer to speak directly to an advisor, they are contacting us at vip@minerone.io. This format is not conducive to extensive conversations like the one CryptoSuperPanda appears to be seeking. Of course, you can also check our FAQs for answers to many of these questions.

https://minerone.io/faq/

Here are answers, in brief:

1) Tokens give share in profits. So I need to know in details all info on the costs.

1.1) What is your estimation of other costs per KW/h apart from electricity (like salary, Internet, repairs, rent)?
Economies of scale mean the answer to this question depends on the final size of the facility, which, in turn, depends on outcome of the Crowdsale. As we have said in the White Paper, we anticipate not more than 4-5% of output.

1.2) What taxes (e.g. income tax) and at what rates will be paid?
We have Grant Thornton advising us on this question to ensure full compliance with Swedish and UAE tax laws. For an overview of Swedish taxes, please refer to this document: https://www.business-sweden.se/contentassets/ed79d90e6aa84f0cbd4ac281ac5aa460/7.-corporate-taxes-in-sweden.pdf . Profit and income tax in Ras al-Khaimah is 0%.

1.3) How can we be sure that you will not knowingly increase costs (salary for example) to make profits zero and legally not pay anything to token holders?
We have made a commitment to MIO Token Holders to do our best to operate profitably. We are interested, above all, in the success of this project and in fulfilling our commitments.

2) You plan to build data center in Lulea, Sweden

2.1) What is legal status of cryptocurrency mining in Sweden? Is it allowed? What taxes are applicable?
Yes, it is allowed. A mining centre is one form of a data centre. Data centre income is taxed just like the income of any other company.

2.2) Which company produces electricity in Lulea? Do you have an agreement with electricity producer for electricity supply? What power is reserved for you? Can you please provide contract or an agreement of intent?
We have arranged with Luleå Energi for 15MW, for starters. Please see this article for all of the details: https://medium.com/@minerone.io/miner-one-moves-forward-in-sweden-d94b0c9bf2ba

2.3) You state that the price of electricity is EUR 0.065 per KW/h. Please provide support for this price. Is it stated in the contract?
This is public information.

2.4) Where exactly in Lulea do you plan to build the data center? Do you have permission from the municipality to build data center in the selected area?
The lease for the building has already been signed. The municipality and regional development agency "Node Pole" are the ones who invited us, so they are supporting us fully. Please refer to the above article for additional info.

2.5) What happens if you raise all $200 mln on ICO? Will there be sufficient electricity power and area to build such huge data center?
Yes, if not at the current location, then there are other locations on our shortlist.

3) You plan to buy Ebang Ebit Miner E10
We have not made that decision yet.

3.1) Do you have contract or an agreement of intent with Ebang? In case of success you will have to buy great amount of ASICs. How can you be sure that you will be able to buy ASICs in large amount?
We visited Ebang as well as Canaan and Bitmain. All three assured us the miners are available that we need in the amounts we need.

3.2) You state that you will buy Ebang Ebit Miner E10 at lower than retail price and with no shipping and customs costs. Can you please provide support for this statements?
Offers are already on the table. Once we place the first order, we will be able to provide documentation.

4) You plan to list tokens on exchange mid April

4.1) Do you have an agreement with any exchange?
MIO Tokens are ERC20-compatible, which means they can be traded peer-to-peer. We do not currently have an agreement with any exchanges. The MIO Token is not intended for speculation.

4.2) Your token is defenetly a security token. How are you going to overcome this fact in order to be listed on exchange?
Envion is a very similar project and its tokens have been listed by hitBTC