PeruCoin wants to bring to the mainstream in Peru. And they have a bold plan of how to achieve it.
PeruCoin wants to not only build one of the largest mining operations in Peru. It also wants to make that mining operation available to the public so that they can become informed about crypto works and what it’s advantages are.
In this Q &A we explore PeruCoin and the upcoming token sale in more detail.
What is PeruCoin?
PeruCoin is a project which has been started by Bits2u. The goal of the project is to increase the knowledge that Peruvians have about cryptocurrencies. The end goal is to foster a more healthy crypto economy in Peru. The secondary goal is to create one of the largest mining farms in Peru.
What is the mining farm?
PeruCoin will establish a mining farm with 1000 mining machines. This mining farm will be profit driven but it will also serve as an educational facility. Visitors from both Peru and abroad will be invited to the farm for guided visits. During this visits they can see demonstrations of the mining farm in operation. They will also be provided with literature which educates them about cryptocurrencies.
What is the total supply of PeruCoins?
There will be a total supply of 1.9 million PeruCoins.
Is there a private sale?
Yes, there will be a private sale split into two stage. During the first stage, which starts on 08/07/2018, there will be 600,000 PeruCoins made available. They will be offered at a price of $4.90 per 1 PeruCoin. During the second Private Sale starting on 31.07.2018 there will be 500,000 PeruCoins made available.
Is there a pre-sale?
Yes, there will be a token pre-sale. The presale will start on the 21/05/2018. During the resale 500,000 PeruCoins will be distributed at a price of $5.6.
What are the details of the main ICO?
The main ICO will start on 11.06.2018. During the main ICO 1.4 million PeruCoins will be distributed at a price of $7.
Is there a soft cap and what happens if it is reached?
The soft cap for the token sale is $5 million. If the soft cap is hit the PeruCoin team will purchase a factory of approximately 2000 sq meters. This will be used for the storage and setup of the mining machine. The estimated cost for this is $1.2 million. They will also purchase purchase a three phase meter electrical service. This will ensure that the mining machines are able to operate effectively. This will cost approximately $400,000. Lastly 1000 mining machines will be purchase for an approximate cost of $2 million.
Is there a hard cap and what happens if it is reached?
If the hard cap of $13.3 million is reached then the PeruCoin team will buy a factory of approximately 2000 sq meters for $3 million. They will also purchase a three phase meter for $1 million and 2000 mining machines for approximately $5.3 million.
Where can you learn more?
You can find more about PeruCoin and the token sale by visiting:
PeruCoin Website: https://perucoin.com.pe/
PeruCoin Whitepaper: https://perucoin.com.pe/whitepaper.pdf
PeruCoin Facebook: https://www.facebook.com/PeruCoin-589122974782226/
PeruCoin Twitter: https://twitter.com/Peru_Coin
PeruCoin Medium: https://medium.com/@Peru_Coin