Re: [ANN] Xcavator - A Crypto Utility Token for Crypto Mining

Our token is not a mineable token. We will be mining the most profitable cryptocurrencies available in the market through our efficient tools. We will not be giving any ROI as such, the investors will be gaining through the increase in the price of our token because of our dual mechanism of increasing our mining capacity and buyback of our tokens from the market for burning.

Correct me if i am wrong. We invest in your coin and using that money you will mine different profitable coins and that will in turn increase price of your coin and benefit the investors. This is how it will work?

Funds from the sale of tokens will be used to set up mining farms and we will mine the most profitable coins. Around 50% of the profits will be used to expand mining farms and 50 % will be used to buy back our tokens from the market and burn them. This dual process will increase our token price in long run and benefit the investors.

This is a great idea to mine profitable coins and this is somewhat similar to cloud mining concept. But in cloud mining the profit given to investors is too low. You need to have experienced miners in your team to implement this concept otherwise you will end up losing investors money. Do you think you team can setup mining rings that can mine coins profitably.

We have an experienced team in crypto mining and we are aware of the pros and cons of the mining. We will surely be mining profitably and because of our dual concept of mining farm expansion & purchasing of our tokens for burning, our tokens will surely rise in a long term.