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Elite Mining – The Future of Mining is Green

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Elite Mining - The Future of Mining is Green

Who is Elite Mining?

Operating out of Lacey, Washington, Elite Mining is a young company which was established in 2017. Elite Mining provides services with the end goal of becoming the world’s largest ‘green miner’.   This means utilizing renewable energy to power professionally designed cryptocurrency mining farms.

What is the Problem?

Due to the ever-increasing popularity of cryptocurrencies, the difficulty of mining these assets has increased as well. Competition is high, and profit margins can be slim. To be profitable in the mining sector, companies must be efficient in every regard. This includes staffing, energy usage, and more.

Warranted or not, mining cryptocurrencies has come under fire in recent years, as the public at large views the process as horribly inefficient, and a waste of energy. This has fueled some networks to abandon proof-of-work protocols, and move towards proof-of-stake.

There remain, however, several high profile, high potential project that are still underpinned by mining – namely, Bitcoin. As long as this remains the case, there will remain a market for cryptocurrency mining.

How will Elite Mining Solve it?

As others struggle and fold under the pressure of the developing world of cryptocurrencies, Elite Mining looks to adapt and benefit. They intend to achieve this through the implementation of a key concept to all their endeavours – Efficiency.

This goal of efficiency can be seen throughout their operations as they have structured their operations to be able to flourish in both bull and bear markets. The following are only a few examples of this:

No Permanent Staff

  • Only shareholders working for dividends

Solar, Wind, Hydro

  • 94% green energy through Hydro, and growing. Future expansion in to Solar and Wind.

In order to continue the expansion of their services, Elite Mining is currently hosting an STO. This capital raising event will see the company sell EMI tokens to accredited investors. In return for their capital, holders of these security tokens receive equity rights within the company, in addition to pre-scheduled distribution of dividends garnered from Elite Mining operations. Elite Mining describes their digital security as an ‘equity bearing EMI dividend token’.

The Team

The following individuals are those responsible for Elite Mining. From entrepreneurialism to software development, logistics, and more, each team member brings valuable and unique experience to the table.

Justin Podhola – Chief Executive Officer

Dan Podhola – Chief Technical Officer

Justin English – Chief Financial Officer

Sean Westberg – Chief Electrical Engineer

Triscia Mayfield – Chief Procurement Officer

Emil Sarnogoev – Chief Knowledge Officer

Partnership

Elite Mining has recently established a strategic partnership with Entoro Capital. In this partnership, Entoro Capital will assume the role of broker-dealer, facilitating Elite Mining’s on-going STO.

By establishing this partnership, Elite Mining stands to benefit from increased exposure of their STO to a much larger investor-pool. Payment gateways supporting FIAT currencies will also be made available through Entoro.

What is Next?

With Elite Mining currently completing their capital raise, many are interested about plans for future growth. The following are a few noteworthy points from the company’s projected roadmap.

  • The remainder of 2019 will see the finished construction of mining facilities, in addition to the deployment of allocated capital.
  • The first half of 2020 will see Elite Mining branch into solar power, in addition to the continued expansion of facilities

In Other News

Entoro Capital is a company which has graced our headlines various times over the past year. The following articles elaborate announcement surrounding Entoro Capital, providing insight into their operations.

Entoro to Act as Placement Agent in Upcoming Leonovus ‘Galaxa’ STO

Vertalo and Entoro to Fuse Services to Advance Digital Securities

Entoro Eyes Secondary Markets Through Partnership with Unicorn

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Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Token Solution Providers

Kaspersky Give Two Thumbs Up to Tokeny’s ‘T-REX’ Security

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Kaspersky Give Two Thumbs Up to Tokeny's 'T-REX' Security

Two Thumbs Up

Popular digital asset solution provider, Tokeny, has recently had cybersecurity experts, at Kaspersky, assess the validity of their security claims surrounding T-REX.  The result? Two thumbs up.

This assessment is an important endorsement for Tokeny.  Anyone can claim to have the most secure framework around – proving it is a different story.  By turning to a respected third-party, such as Kaspersky, Tokeny provides validity to their claims, and clout to their offering in T-REX.

Commentary

Upon announcing the results generated by Kaspersky, representatives from each company took the time to comment.

Svetlana Shubina, Business Development Manager at Kaspersky, stated,

“Our team of experts review the code line-by-line documenting any issues as they are discovered.  The source code is well crafted and follows security practices compliant with the architecture described in the whitepaper.  Thereby we confirm smart-contract business-description and the architecture corresponds to the functionality in the code.”

Luc Falempin, CEO of Tokeny, stated,

“We are working with financial instruments and with partners that require the highest level of security.  In this respect we know how important it is to have a third party analyse and assess the implementation of our token standard.  We’re very pleased to say it received the highest rating possible.”

First Look

When released in 2018, TREX – which stands for Token for Regulated EXchange- was the first framework of its kind.

In the time since its launch, Tokeny indicates that it has seen its clients grow to over 35.  These clients have contributed towards greater than $27B worth of assets undergoing tokenization with the help of Tokeny.

Tokeny Releases TREX – The First Public Framework for STOs

Snowball of Success

Success at Tokeny appears to be snowballing.  Only weeks ago, we were reporting on the adoption of their services by the nation of Monaco.  This adoption comes at a key time, as Monaco is actively looking to ramp up their efforts surrounding support for security tokens and STOs.

Monaco Chooses Tokeny as Sole Provider for Tokenization Services

Tokeny

Founded in 2017, Tokeny maintains operations in Luxembourg.  Tokeny has grown significantly since launch, now offering a comprehensive suite of services, tailored towards tokenization.

CEO, Luc Falempin, currently oversees company operations.

Kaspersky

Founded in 1997, Kaspersky is headquartered in Moscow, Russia.  Since it’s launch, Kaspersky has become one of the world’s most popular cybersecurity firms.

CEO, Eugene Kaspersky, currently oversees company operations.

In Other News

For those interested in Tokeny, a great way to learn about the company is to go back and see where they came from, and what their original goals were.  To this end, make sure to peruse our past interview with Tokeny CEO, Luc Falempin.  In this discussion, Luc touches on, both, what Tokeny hopes to achieve, and how they will achieve it.

Interview Series – Luc Falempin, CEO of Tokeny Solutions

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Canadian Companies Involved in Digital Securities

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July 1st represents Canada Day in the Great White North.  As such, we thought that a quick look at a few Canadian companies involved in digital securities would be appropriate today.

To date, Canada has been one of the leading countries surrounding anything blockchain related.  We have seen government adoption, the creation of Ethereum, the first Bitcoin fund listed on a major exchange, and rumblings of a potential central bank digital currency.  The following are a few examples of Canadian based endeavours.

Bank of Canada

The Bank of Canada is one of the few of its kind to release official statements regarding the release of a CBDC.  It has been established that, while there are no immediate plans for the release of a CBDC, the bank fully intends on being prepared for this, eventuality.  This was first made apparent through job postings, such as ‘CBDC Project Manager’, but later through direct commentary.

In recent weeks, the Bank of Canada has gone so far as releasing an ‘analytical note’, which discusses the privacy needs of a potential CBDC.  While they note that the goal is to attain privacy, akin to what cash affords its users, currently technology, such as zero-knowledge proofs, are not appropriate, and that both maturation and national-scale implementation first need to occur.

While it may be years before a Canadian CBDC is actually launched, the Bank of Canada is at least making sure the nation is ready for that day.

Blockstation

Operating out of Toronto, Blockstation is a young company, rife with potential.  The team behind Blockstation has developed a suite of services which leverage blockchain technology.  These services were built to allow “…the traditional financial ecosystem to get in on digital assets, including Bitcoin, Ether, and Tokenized IPOs (Security Token Offerings, or STOs)”

The hard work that went in to establishing these capabilities has not gone unnoticed, as Blockstation has successfully partnered with multiple stock exchanges.  One such pilot will soon see the launch of at least 4 tokenized IPOs on the Jamaica Stock Exchange.

To learn about Blockstation in more detail, make sure to peruse our exclusive interview with CEO, Marko Hafez.

Interview Series – Marko Hafez, CEO of Blockstation

TokenGX

This Canadian outfit has recently received the greenlight by the regulatory body ‘Ontario Securities Commission (OSC)’, for the launch of a secondary marketplace.

Dubbed FreedomX, this anticipated marketplace will be one of the first of its kind in Canada.  It will offer a home for digital securities to actively be traded, providing higher levels of asset liquidity in the process.

Beyond just operating a regulated secondary marketplace, TokenGX is also working to establish, and deploy, a stablecoin.  This will be utilized as the primary means of settlement on FreedomX, and would be tethered to the Canadian Dollar.

Canadian Stablecorp

On the topic of stablecoins, a pair of Canadian Companies (3iQ and Mavennet) have joined forces to create ‘Canada Stablecorp’.

The first release by Canada Stablecorp is known as QCAD.  This is a CAD backed digital asset, which was structured as such for 3 main reasons.

  1. Provide its users with easy access to a digital asset, which can provide a reprieve from market volatility.
  2. Give Canadians a ‘home-grown’ variant; A trait which should appeal to Canadian investors looking to support Canadian companies.
  3. Leveraging the strength, and stability, of CAD. The Canadian dollar is typically accepted on a world stage, and benefits from a nation which typically remains removed from divisive world events.

While QCAD has not established itself to the extent shown by Tether, GUSD, and USDC, the potential is there.

Onwards and Upwards

Unfortunately, not all of the promising companies coming out of Canada could be discussed here today.  Those discussed represent a fraction of the activity taking place in the great white north.

If one thing is clear from this activity, it is that Canada has been/is playing an important role in the forwarding of blockchain and the digital securities sector.

Happy Canada Day!

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Monaco Chooses Tokeny as Sole Provider for Tokenization Services

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Sole Provider

Tokeny Solutions has just announced that they have become the sole provider of tokenization services for Monaco.

While a tiny nation, endorsement and usage from the Government of Monaco is a huge step for Tokeny;  It validates the work they have been doing, and the potential of what they are yet to achieve.

MOU

As it stands, the agreement between Monaco and Tokeny exists as a memorandum of understanding (MOU).  While not a binding contract, the MOU essentially means that formal documents have been signed by each of the parties, indicating their intent to work together.

Commentary

Upon announcing this new development, representatives from each, Tokeny and the Principality of Monaco, took the time to comment.

Luc Falempin, CEO of Tokeny Solutions, stated,

“The lack of high quality tokenized assets has been a stumbling block in the tokenization industry. With the mandatory label, projects selected by the Principality of Monaco will be easily recognized by investors as serious and quality investment opportunities. Then, the rights of investors will be guaranteed by their onchain identity. For the issuer, AML and KYC will be automatically enforced in any transfer.”

Frédéric Genta, Delegate for Digital of affairs Chief Digital Officer of the Principality of Monaco, stated,

“Monaco is moving towards its ambition to become a funding nation for progress with our STO framework. Two key milestones were achieved; a dedicated STO law was voted by the National Council and we are welcoming Tokeny to the Principality to operate our STOs.”

More than Promise

News of this newly established MOU goes beyond just promise, though.  Tokeny has announced that they already have companies lined up, waiting to capitalize on their services and friendly regulations.

The first example of which, is IceBreaker.  This production company hopes to leverage the benefits of hosting an STO, in order to fund and monetize content such as films and exhibits.  IceBreaker is spearheaded by, Acadamy award winning filmmaker, Luc Jacquet.

He commented on plans at IceBreaker, stating,

“IceBreaker intends to leverage blockchain technology to facilitate the financing of meaningful content production while retaining all associated rights enabling new monetization opportunities via films, exhibitions, etc. March of the Penguins and the subsequent Antarctica exhibition have demonstrated that the model can be a profitable one making it appealing to investors while preserving the freedom to express my creativity and promoting the virtuous value of the projects I carry”.

Monaco

With a population of roughly 40,000, and a geographical footprint of just <1sq mile, Monaco holds the title of the second smallest country on Earth.  Despite this, it remains one of the wealthiest nations, as well, with over 30% of the population being millionaires.

Tokeny

Founded in 2017, Tokeny is based out of Luxembourg.  Above all, the team at Tokeny has been working to develop, and spur adoption of, a suite of services tailored towards the digital securities sector.

CEO, Luc Falempin, currently oversees company operations.

Speaking with Luc

If interested in learning more about Tokeny, and what the company has to offer, make sure to peruse our past interview with CEO, Luc Falempin.  In this discussion Luc Falempin touches on his personal discovery of blockchain, and what makes Tokeny special.

Interview Series – Luc Falempin

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