Saltmine is a blockchain infrastructure company monetizing consensus through Proof of Work, Proof of Stake, and many other blockchain related technologies. The intent of Saltmine is to monetize the production and infrastructure of blockchain and distributed technologies through consensus, mining blockchain technologies, and blockchain infrastructure using the NACL token to pay distributions to NACL token holders.
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Saltmine are a blockchain infrastructure company monetizing consensus through Proof of Work, Proof of Stake, and many other blockchain related technologies. In simple terms, consensus is getting paid to process transactions on the blockchain.
Revenue generated from consensus will be made available to NACL token holders via the Saltmine smart contact, giving the NACL token the ability to have a base value.
Saltmine Are Different
Saltmine has operated with a positive revenue stream since its inception in January 2018, this allows to have a provable price to earning ratio. With a very competitive power rate and a token model never seen before, Saltmine is positioned to be a global leader in blockchain infrastructures. 100% of the funds raised during the ICO go directly to increasing production.
The intent of Saltmine is to monetize the production and infrastructure of blockchain and distributed technologies through consensus, mining blockchain technologies, and blockchain infrastructure using the NACL token to pay distributions to NACL token holders using the model laid out in this white paper. First let’s learn about consensus.
In blockchain technologies, consensus is the mechanism which is used by the distributed agents to agree on what will be written on the blockchain. Participating agents realize revenue by means of a block reward of the given cryptocurrency. The two most common consensuses models are:
● Proof of Work (PoW) Nodes on the blockchain compete to validate transactions and receive crypto rewards known as mining.
● Proof of Stake (PoS) Concept states that a person can validate block transactions according to how many tokens held in a private wallet. This generally means that the more cryptocurrency owned by an individual or entity, the more staking power they have and thus will receive proportionately larger rewards.
The common view is that cryptocurrencies are the only reason for blockchain, alternatively, cryptocurrencies can be viewed as a by-product of the underlying blockchain technology. Examples of other businesses and use cases for blockchain are:
● Siacoin: Distributed file storage system
● Golem: Distributed rendering and deep learning engine
● Ethereum: Distributed transactional currency which can be programmed
● Openmined.org: Secure and distributed Artificial Intelligence model training engine.
Blockchain and distributed technologies have created new markets that have previously been restricted to large corporations such as Amazon, Microsoft, and Google. Saltmine will play a vital role in this highly anticipated new blockchain market space. To understand the significance of this opportunity see the market projections below:
The Saltmine Token
Saltmine Token (NACL) is a burnable and distribution bearing ERC223 token which is directly backed by the Saltmine production revenue via the Saltmine smart contract. NACL cryptocurrency will be minted to distribute the value generated by Saltmine blockchain infrastructure systems to the holders of the NACL token using the Saltmine smart contract.
The Saltmine Fund
The Saltmine Fund is a portfolio of crypto assets which is continuously funded with 25% of the net production revenue from the Saltmine business model. Not only does this ever-growing fund provide intrinsic value for the NACL token and give token holders direct access to production revenues through our smart contract, it also provides another opportunity to return value by supporting blockchain technologies through Proof of Stake.
As mentioned above, 45% of revenue from production will go back into increasing production. Let’s use the first revenue model as an example. The first revenue model will utilize PoW or mining to produce revenue, so the 45% may look like adding more computer hardware, additional venting, electrical and data infrastructure. As they grow and expand these steps all play a crucial role in the production of revenue.
Douglas Saltsman CEO
Shawn Hunter COO
Kristopher Larson IT DIRECTOR
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[su_quote]Quote This article is writing on 6 Oct 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258[su_quote]
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