Website

Saltmine

ICO

Last updated: May 05, 2019

Saltmine is a blockchain infrastructure company monetizing consensus.

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Overview

Project industry	Blockchain Infrastructure
Whitepaper	Open

Technical details

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.

What is Saltmine

Saltmine is a Fintech company which seeks, for the benefit of Saltmine and its token holders, to create the infrastructure for blockchains and distributed technologies.

Our Mission

Build and maintain the hardware, data infrastructure, and financial systems essential to blockchain technologies by investing in cryptocurrency infrastructure, as well as support blockchain technologies.

Our Path

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.

What is 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.

Details

Total tokens for sale: 10,000,000 NACL
Soft cap: 50,000,000 USD

Legal

Blockchain Platform: Ethereum

Token info

Ticker: NACL
Token standard: ERC223
Token price in USD: 1 NACL = 1 USD
Accepted currencies: ETH

Saltmine Roadmap

Q1-Q2 2018

MINING FACILITY BUILDOUT
Start profitable by building out a blockchain infrastructure facility using datacenter management techniques.

Q4 2018

FUNCTIONING PRODUCTS
Create working betas of our virtualization technology and our tokens.

Q2 2019

SCALE UP!
Scale up our existing operation to realize our self-sustaining revenue model

Q4 2019

PUBLIC ICO
Open the Saltmine ICO to the public. This will allow anyone to support and invest in blockchain technologies.

Q2 2020

LAUNCH WHITEBOX PLATFORM
We are keeping this under wraps for now, but subscribe to our social media pages to be the first to hear our announcements!

Q4 2020

ENTERPRISE PLATFORM
Subscribe to our social media pages to be the first to hear our announcements!