Ax1 The concept of AX1 is to give token holders the chance to profit from the mining of various cryptocurrencies without the need for any technical knowledge. AX1 token holders are effectively buying a stake in a centralised mining pool, managed from a state-of-the-art data centre. The rewards from the mining activity will be accumulated within the pool which, in turn, will increase the value of the AX1 mining token itself.AX1 is very much targeted not only at those who already know the cryptocurrency world but also those people who may have watched Bitcoin’s meteoric rise in price in 2017 and are now perhaps kicking themselves for missing out.
|Soft cap||1,250,000 AX1|
|Token for sale||22,222,222 AX1|
|Hard cap||22,222,222 AX1|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For View Website|
Jersey Regulatory treatment of the issuer
In order to give prospective ICO investors a degree of protection and comfort that may not be available in many other jurisdictions, and being mindful of the guiding principles pursuant to which the Jersey Financial Services Commission (the “JFSC”) discharges its functions as the Island’s financial services regulator (the “Guiding Principles”) which are to have regard to: the reduction of the risk to the public of financial loss due to dishonesty, incompetence, malpractice or the financial soundness of financial service providers;the protection and enhancement of Jersey’s reputation and integrity in commercial and financial matters the best economic interests of Jersey; and the need to counter financial crime both in Jersey and elsewhere.
Many current mining operations spend huge amounts of money on hardware, in many cases that hardware is not very adaptable between coins. They wanted to avoid this as far as possible as would rather mine coins more likely to increase in value than less likely to increase in value for the same net cost. The ability (within the obvious constraints of current technological possibility) to switch rigs from mining one coin to another at short notice as directed by the Strategic Advisory Committee is a key consideration in an overall plan.
Avoiding over-concentration risk
This factor is closely connected to mining adaptability. When analysing many of the current mining operations that have been established for some time, observed that in many cases the operations were too focused on one particular coin. They wanted to avoid this and instead mine several coins, from day one.. The layout of data centre building lends itself very well to this as can easily demarcate miners by coin, even down to individual bays. With planning permission already approved for a second site, AX1 will build an additional structure that will also facilitate the above.
With increasing numbers of miners attempting to solve the problems each day, it would follow that the hashes of blocks are being calculated at increasingly faster rates.
Buying AX1 tokens allows you to participate in the use of a state-of-the-art data centre, developed specifically for mining cryptocurrencies at scale.
To avoid things spinning out of control, the community agrees to increase the difficulty of the problem miners need to solve to ensure the consistency of the block generation.
The growing need for Data Centres
Due to the complexity of the problems, it is now almost impossible to mine profitably from home using standard computer equipment.
Access for Anyone
Therefore, anyone with an AX1 token will be able to participate in profitable crypto currency mining regardless of knowdledge and/or computing power.
Stuart Anderson CEO
Mark Shaw DIRECTOR OF PRODUCT
Lucy Cartledge DIRECTOR OF OPERATIONS
Frode Ascham PRINCIPAL MINING CONSULTANT
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