Website

Borneo First (BMG)

ICO

Last updated: May 04, 2018

Borneo First plans to run blockchain projects aimed at the development of the infrastructure of Borneo Island.

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Overview

Project industry	Mining
Product type	Organization
Whitepaper	Open

Bounty program

What is Borneo First

In the beginnig, Borneo First plans to develop three key projects.

The Coal Green Mining Project will include the purchase of several small-scale mining sites, which will only use bio-diesel fuel. The production output will be provided to independent power plants, cement, paper and steel factories and exported overseas

The Independent Power Plant Project is designed to synergize with the other two projects. It will be fueled by the Coal Green Mining Project and will be used to power the Cryptocurrency Mining Project.

The Cryptocurrency Mining Project will deploy up to 3500 ASIC units. The mined cryptocurrency will be chosen by the team experts.

Details

Pre-sales: Apr 11, 2018 - Apr 30, 2018
Public sales: Jun 01, 2018 - Jul 31, 2018
Pre-sale token supply: 10000000
Token supply: 125000000
Soft cap: 5,000,000 USD
Hard cap: 67,500,000 USD

Token info

Ticker: BMG
Type: Security
Token standard: ERC-20
Dividends: Quarterly distribution of profits
Token price in USD: 1 Token = 0.800000 USD
Accepted currencies: BTC, ETH
Bonus program:
Token Price 01.06-30.06 - 0.5 USD.
Token distribution:
87% - Token Sale
7% - Cold Storage
3% - Founder
3% - Advisors and Bounty
Funds allocation:
30% - Coal Mining and Trading
28% - Crypto Mining
26% - Independent Power Plant
12% - Operating Cost
4% - Research and Development