Who is CoinMint?
Established in early 2015, CoinMint is a company looking to bring simplicity to the cryptocurrency mining industry.
It is situated on over 1300acres of land, with the facility benefiting from a dedicated hydroelectric dam 3km from site. This means that the facility is primarily powered through fully renewable energy.
They are one of the world’s largest mining facilities, as well as one of the most efficient. Through use of various sources of power, and the newest hardware available, CoinMint pushes the boundaries of mining efficiency.
What is the problem?
Cryptocurrency mining is a difficult and complex process. Although the actual act of mining might be simple, the calculations involving expenditures is not. Those interested must factor in equipment, lifespan of hardware, electricity costs, cooling measures, etc. With the massive rise seen in Bitcoin hash rates over the course of 2018, it is simply not feasible to be a productive miner on a small scale anymore.
How will CoinMint Solve it?
CoinMint looks to solve the issue by providing fractionalized ownership of the hashrate provided by their state-of-the-art mining facility located in northern New York. This facility makes use of both hydroelectric and wind power sources. In doing so they are able to efficiently run ASIC devices to mine Bitcoin. With a partnership established with Samsung to provide the hardware, the company has eliminated many of the sourcing issues that currently plague competitors.
Through their mining facility, investors interested in mining are able to take part while avoiding the following hurdles associated with the process
- Hardware acquirement and maintenance
- Run Costs
- Power requirement & delivery
- Facility location
- Cooling measures needed
These are just a few of the examples of the problems that CoinMint removes from the shoulders of would-be miners, and places on their own.
CoinMint does recognize the market interest in mining. They also recognize the shifting market sentiment towards security tokens, and the benefits that they offer. With this being the case, CoinMint feels as though they are the perfect solution for investors to take part in their operation.
By offering their own security token, investors are able to own a fractionalized share of the facilities by-product – Hash rate. Proceeds of the mining process will be broken down as such.
- 75% is divvied up proportionately among token holders
- 25% is retained by CoinMint to maintain operations and as a performance fee
To make investment more intriguing, investors will benefit from DAILY dividend payouts. This unique dividend structure makes them stand out from traditional investments that typically see investors receive dividends no shorter than quarterly.
Those behind the CoinMint project recognized the need to set themselves apart from the pack. Various mining outfits exist in North America, however none of them offer investments structured like the opportunity being offered by CoinMint. Here are a few of the minds at CoinMint that are behind the idea.
Cryptocurrency mining is not an industry where you can lay a foundation, and then sit back and relax. Being profitable requires constant upgrading of the hardware used. This means sufficient company revenue must be consistently recycled into hardware upgrades and maintenance. This is the only way to stay ahead of competitors, and remain a good investment for those that have provided funds to the company.
In addition to the constant upgrades required by the nature of the industry, expect to see CoinMint tokens on secondary markets in the near future. With many platforms being developed to facilitate secondary market trading of securities, those invested in CoinMint will benefit from levels of liquidity never seen before.
To learn details about the project, please view our CoinMint token listing page.
iSTOX Builds Upon Recent Successes with a Further $5M in Funding
Capital markets platform, iSTOX, has recently announced the successful attainment of $5 million worth of funding.
This particular sum of capital was generated through a new partnership and investment, with Hanwha Asset Management.
This announcement of further funding comes meres months after the successful completion of the company’s Series A; An event which saw iSTOX draw the attention of various backers which believe in the future of the platform.
Between these two successive instances of funding, iSTOX should be well positioned to continue the development and adoption of their vision; A vision surrounding the potential of digital securities, and their ability to transform capital markets.
To date, iSTOX has managed to attract attention from various high profile companies. The following are a few of these known to have played a role in recent capital generation events surrounding iSTOX.
- Kiatnakin Phatra Financial Group
- Heliconia Capital Management
- Singapore Exchange (SGX)
- Tokai Tokyo Financial Holdings
This grouping of companies is an impressive one, as they represent some of the most influential and progressive ones found in Asian nations.
With regards to the freshly procured $5 million, iSTOX CEO, Danny Toe, took the time to comment. He stated,
“As iSTOX continues to grow, our relationships with partners like Hanwha are allowing us to build a powerful foundation to develop iSTOX into a pioneering service that addresses the evolving needs of 21st century investors…These partnerships will take on an even greater importance in early 2020, when iSTOX transitions into full operational status.”
Founded in 2017, iSTOX not only maintains headquarters, but is regulated within, the nation of Singapore.
CEO, Danny Toe, currently oversees company operations.
Hanwha Asset Management
Founded in 2011, Hanwha Asset Management maintains headquarters in Seoul, South Korea. Since their launch, Hanwha has managed to establish a diverse set of financial offerings, bringing them alongside leaders in the sector.
CEO, Yong Hyun Kim, currently oversees company operations.
In Other News
A successful Series A is an important first step for any company. Not only does this allow for the continued development of a company’s product/service, it indicates that others believe in their vision, as well – at least enough to invest their hard earned money.
US Global Securities to Act as ‘Lead Financial Advisor’ for $50M Raise by Custodial Platform, Koine.
Recognizing the need, and potential, for services surrounding custody of digital assets, Koine has recently announced their intention to host a $50 million equity raise.
The goal of this move is to facilitate, not only global growth, but the expansion of services offered through their platform.
In an effort to ensure their success, Koine has turned to US Capital Global Securities, placing the company on retainer as a ‘lead financial advisor’.
In the past, we have reported on US Capital Global Securities performing similar roles with other companies involved in the digital securities sector. One example of this, was their role as a placement agent in the CityBlock DSO.
While their suite of services offered will surely grow in time, Koine notes the following current capabilities:
- Custody of Digital Assets
- Real-time Settlement
- FIAT storage and payment gateways
- Online Access & API Connectivity
Upon announcing their partnership, representatives from each, US Capital Global and Koine, took the time to comment. The following is what each had to say on the matter.
Hugh Hughes, CEO of Koine, stated,
“Market reaction to Koine’s scalable, institutional-class solution for custody and settlement has been immensely favorable. As we enter 2020, we are focused on driving and supporting international participation in the digital assets marketplace with our applications for regulatory licenses in other trusted jurisdictions, in line with our aim to become the most highly-regulated solution for custody and settlement of digital assets globally…US Capital Global’s proven experience and valuable insight into capital formation, especially in the FinTech arena, will be tremendously beneficial to us at this crucial time in Koine’s development.”
Charles Towle, CEO of US Capital Global Securities, stated,
“It’s an honor to serve Koine as its placement agent and lead financial advisor for this upcoming investment opportunity as we engage selected dealers to expand the distribution of this offering. Koine is driven by an expansive, forward-thinking vision of the digital assets market that we at US Capital Global find very exciting.”
US Capital Global
In operation since 1998, US Capital Global is a well-known financial group, which is headquartered in San Francisco. One of the company’s affiliates is US Capital Global Securities – a broker/dealer licensed under FINRA.
CEO, Charles Towle, currently oversees operations of US Capital Global Securities.
Founded in 2017, Koine maintains headquarters in London, England. Above all, the company is working on the continued development of their suite of services, meant to solve custody and compliance issues within digital securities.
CEO, Hugh Hughes, currently oversees company operations.
As recently as yesterday, we were reporting on developments pertaining to custody solutions in the sector. With rising institutional interest in digital securities, and blockchain as a whole, these custody based solutions are imperative for ensuring a bright future.
Hex Trust Custody Platform made Possible through IBM
Addressing a Common Goal
With rising institutional interest in the world of blockchain, products and services built with security in mind are paramount to ensure continued adoption. With this in mind, IBM, and Hex Trust have recently announced a partnership.
This partnership, which is the product of an MOU signed between the pair in mid-2019, sees Hex Trust building a custody solution for the industry. Development on the project being made possible through the use of Hyper Protect – a LinuxONE based suite of services developed by IBM.
The following is a brief list of only a few capabilities to be offered by the Hex Trust custody solution.
- Reporting and monitoring
- Multi-Factor Authentication
- First & Third party key management
- Hierarchical sub-account structures
Upon announcing their partnership, representatives from each party took the time to comment. The following is what each had to say on the matter.
Alessio Quaglini, CEO of Hex Trust, stated,
“Through our relationship with IBM as a Business Partner Hex Trust has hit a key milestone. Leveraging IBM’s advanced data security and protection features through IBM Hyper Protect Virtual Servers with the dynamic accessibility and scalability, Hex Trust’s proprietary platform will encourage regulated financial institutions to enter the space.”
Ross Mauri, General Manager for IBM Z, stated,
“Data privacy and protection are key concerns for enterprises and customers within the digital asset business…By taking advantage of IBM Hyper Protect Services, Hex Trust can gain the benefits provided by the security and privacy solutions underpinned by IBM LinuxONE, to establish a highly secured platform for their institutional custody solution.”
With digital securities, and similar markets, expected to grow greatly in the coming years, there need to be solutions put into place that safeguard assets. While many retail investors remain quite lax, with regards to the security of their digital assets, institutional players will not fall into this trap. Only once there are sufficient safeguards in place, will they truly enter the market.
Development of such services has begun popping up throughout 2019, and look to continue that trend in 2020. Whether it’s Gemini providing custody services to BlockFi, or Coinbase Custody supporting digital securities such as ‘BCAP’, there is evident growth.
Operating out of New York, IBM has remained one of the world’s most well-known tech companies for decades. While the company has had various specialities throughout the years, they currently have an emphasis on cloud and cognitive based solutions.
CEO, Virginia Rometty, currently oversees company operations.
Founded in 2017, Hex Trust maintains headquarters in Hong Kong. Above all, the company specializes in offering blockchain based custody solutions.
CEO, Alessio Quaglini, currently oversees company operations.
- Canadian Securities Administrators (CSA) Address Crypto-Assets within Regulatory Framework
- SEC Provides Warning on ‘Initial Exchange Offerings (IEOs)’
- New Shore Invest Starts a New Ship Finance Platform
- iSTOX Builds Upon Recent Successes with a Further $5M in Funding
- US Global Securities to Act as ‘Lead Financial Advisor’ for $50M Raise by Custodial Platform, Koine.