Re: [ANN] [ICO] CEREAL - BLOCKCHAIN ECOSYSTEM FOR ASSET-BASED LOANS

How does it work for cryptocurrency mining equipment as equipment? You don't really physically transfer it or do you?

Hello Stas and thank's for the question ! Mining equipment is used as collateral during the repayment period of installments and physically remains in GigaWatt and is also served there. The income from mining repays installments, after repayment you can do whatever you want - pick up your miner or leave it there .

Best
CT

Ah I see so you remain in the possession of the mining equipment. I essentially buy it from you but you keep it as collateral?

After the purchase of the miner took place, it belongs to the client, but during the installment payment period, it remains as a pledge in GigaWatt. After the repayment, client can do whatever he wants with the miner.

Best
CT

Sure got it. If the miner decides to receive it you are going to send it to him, but could he also decide to sell it? Will you have something like a small marketplace maybe?

At the first stage of the product launch, we will not have a public marketplace for customers who want to sell their miners, but we are considering such a possibility in the future.

Best
CT