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Elite Mining Inc, is raising funds with an ETO (Equity Token Offering, sometimes known as STO) to fund the next stage of our expansion.
The announcement of its Series A equity-backed security token funding round came in very recently to raise almost about 6.4 million dollars for an expansion objective of its cryptocurrency mining operations.
Elite Mining Inc, is set to become the largest green miner in the world. They are doing a Series A funding round through which it would be issuing tokens per a SAFT agreement. The EMI tokens resemble equity-linked schemes in the company.
Owning Elite Mining Inc token would imply that you proportionately own a portion of the company and that investors have rights to dividends when distributed.
These tokens are available through private placement options, and the round is being conducted under SEC exemption; Reg D 506 (c) to accredited US investors and under Reg S to non-US investors.
While the Series A round will span for about 5 months or up to a hard cap is reached, with a minimum investment amount of 7,500 USD. The attractive discount would be entitled upon the earlier investment, that in turn results in additional tokens for the investor.
Well, currently, EMI has been in the several mining operations of cryptocurrencies like BTC, ETH, ZEN, ZCASH through ASICS, and GPUs, etc.
Despite the last year’s downtrend of the cryptocurrencies that have caused blood bath for some traders in the recent past, we kept reiterating that the buzz world, ‘tokenization mechanism’ is quite different that hasn’t been the latest.
The Security Tokens that resembles the conventional financial instruments, like, shares, debentures or units in a collective investment scheme.
On the back of security tokens being the trending talk of blockchain-driven innovations to conventional financial services, Elite Mining INC. has made the announcement of the launch of ETOs.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -19 levels (which is mildly bearish), while hourly USD spot index was at 3 (neutral) while articulating (at 12:22 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
