Fund Allocation
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How the token sale proceeds will be used is consistent regardless of the value of funds raised. Below are clear percentages regarding the allocations:
Initial Farm Setup (50%): Within three months of the token sale completion, 40% of the funds will be invested directly into setting up and enhancing the mining farm. This immediate allocation ensures we start operations quickly and effectively.
Operating Budget (10%): We will allocate 10% of the funds to cover the operations, personnel and electricity costs for a year in our mining facility. This ensures continuous and efficient operation of our mining farm without the requirement to sell mined tokens in order to cover expenses.
Farm Expansion (40%): The remaining 40% of the funds will be deployed no later than six months after the sale completion. This is to expand our mining farm through Dollar-Cost Averaging or DCA. Allowing for an investment window helps us to capitalize on market conditions and secure additional resources at optimal prices without the pressure or buying immediately at whatever the current price may be.
The process will be completely transparent and shared with the community.
Bear markets notoriously provide the absolute best opportunities as many miners liquidate their machines that are either switched off, losing money, and not profitable. By strategically timing our investments, and not releasing all funds at once we position ourselves to acquire high-quality mining equipment at reduced prices, maximising the value from the funds raised whilst minimising our risk.
This is market dependent but the principles remain regardless of market condition.
