Securix plans to use the funds raised from the sale to set up a mining operation based in the Netherlands. Achievement of the $42.35 million sale hard cap will ensure that the company can launch at maximum operational capacity
Therefore, in the unlikely event that the token sale does not reach the hard cap, Securix can still commence mining, but with capacity for increased productivity—and, in turn, increased return on investment—once the operation is up and running.
Investing in the SRXIO token offers a unique opportunity to participate in gross revenue sharing from the company’s Bitcoin mining operation. Each month, the company will distribute 45% of all mined Bitcoin gross revenues to its token holders—an ongoing passive income opportunity.
A Healthy Alternative to Cloud Mining
Unlike cloud mining operations that offer a 1-2 month time cap in the event of unprofitability, Securix is offering a longer-term proposition by way of its fund reserve mechanism.
While the price of Bitcoin remains above $5,000, investors can expect to see returns starting at around 44%, rising to 137% if Bitcoin goes above $10,000.
However, in recognition of the volatility in cryptocurrency values, Securix will be putting aside 10% of the initial funds raised through the token sale as a reserve. This will serve to maintain the mining operation if the price of Bitcoin should fall below $4,000.
Strategic Allocation of Funds
While a healthy 45% of mining gross revenues will be paid out to SRXIO token holders each month, a further 10% will be reinvested in the company through a token buyback program.
The funds from the buyback will generally be used for mining hardware upgrades and for token burning, to secure the value and fix the supply of SRXIO tokens in circulation. If a bear run on Bitcoin is prolonged and the reserve funds are depleted, Securix plans to use the 10% buy back to replenish the reserve at the first opportunity after the Bitcoin price recovers.
In a further commitment to sustainability, Securix is partnering with EXE Energy, which operates a decentralised energy trading platform called EAN-2-EAN. In doing so, EXE Energy is able to provide electricity at a lower cost and from a large number of green energy generators, increasing the sustainability of energy sources while allowing Securix to bypass costly intermediaries.
Further information about the Securix operation, together with its commitment to securing a long-term passive income potential for token holders can be found in the white paper, on the company website.
A World-Class Team of Professionals
The team at Securix are Dutch nationals who are also based in the Netherlands, giving them full oversight of the company’s operations. CEO Jac Donkersloot and COO Damian Strauss are both experienced industry professionals.
They believe the Netherlands offers one of the best locations for a Bitcoin mining operation, due to its political stability, ease of doing business, fast internet speeds, and well developed digital infrastructure. The Securix team has already secured suitable premises, with space for 24,000 units capable of mining around 24.5 BTC per day.
The company has also committed to a sustainable reinvestment strategy whereby 10% of gross revenues will be shared between purchasing new hardware and a token buyback and burn program. These measures will secure the value of the SRXIO token in the longer term.
Securix will commence mining operations in February 2019, and thereafter token pay outs will be made at the end of each month.
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