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Honest Mining [TEN]

ENDED: February 28, 2019

Transparency Details


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We have no information about the team

We have unverified information about this ICO

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Description

Proof of Stake is a consensus algorithm whereby new blocks are secured by validators before being added to the blockchain. In proof of stake mining algorithm, a person (node) can participate in the mining process by “staking” a given amount of their coins to be allowed to validate a new transaction. ...Read More


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Executive Summary

The world associates blockchain technology and cryptocurrencies with decentralization. Cryptocurrencies are decentralized because the technology on which it is based—the blockchain—is powered by blockchain validators which validate transactions on the distributed ledgers around the world and keep it secure. Over the years, these blockchain validators have come to be known as “blockchain miners” and “crypto miners”. 
While it is true that miners are making the blockchain network decentralized, there are still big barriers to entry that prevents everyone from joining: limited knowledge, limited technical skills, limited financial resources, and limited infrastructure. All these limitations create opacity in mining. A technology that should be transparent is used by a few parties with the necessary resources to either maximize profit by monopolizing the market or to create a scam business using the hard-to-understand “crypto mining” buzzword. 
We are HONEST MINING - a company with a simple mission: building trustworthy and easy crypto mining that is accessible to everyone. HONEST MINING will achieve this by looking at both the short- and long-term impact of mining. Soon after the HONEST TOKEN is distributed, we will be launching the next generation HONEST MINING platform for cloud mining Proof-of-Stake-based cryptocurrency (PoS). The platform is a highly automated and secured staking pool with very low minimum commitment. Miners can get their rewards based on the masternode reward distribution without losing any of their collateral. HONEST TOKEN (HNST) will be used for the platform economics. 
While we are making sure that the platform is stable, HONEST MINING will seek to grow the mining community even further with Project ALEXANDRIA - a mining knowledge bank powered by the community. As a long-term project, HONEST MINING understands that this is not a simple mission. There are hundreds of active blockchain projects, each utilizing its own unique approach; that being said, we are confident that our current proposal is a step closer to reaching our goal.

Documents


Whitelist and KYC

No Whitelist or KYC information provided

Timeline

Sale Starts

1st January 2019

The ICO/Token/Coin sale opens

Happened: 5 Years, 3 Months, 19 Days ago

Sale Ends

28th February 2019

The ICO/Token/Coin sale closes

Happened: 5 Years, 1 Months, 20 Days ago

TODAY

20th April 2024

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Financial Information


Ratings and Flags


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