Funding Disbursement

We understand the mission of the SNS is to remain a decentralized entity, at the behest of Dao voting. However, within the RWA landscape that becomes a difficult task, considering you’re deploying “Real World Assets.” How do you bridge this gap? To have the ability to deploy proven income producing assets, and decentralization? Our answer to this is very simple. The Dao will own the assets. The primary purpose of the decentralized sale is to fund the physical miners (ASICS) within the facility. We will purchase Antminer S21’s which are the latest and most optimal solution. The miners will be accounted for, and owned, by the Dao in a SPV. They will be fully insured and housed on location at our facility. This isn’t an unproven concept, or an MVP, or a promise of revenues to come. This operation simply does not rely on mass adoption to produce revenue. This is an actual, verifiable revenue source, every month directly to the Dao.

Upon completion of the decentralized sale, all funds will be held in the treasury. At the time of purchase, MinePro will submit a proposal to withdrawal 80% of the funds. Of that, 90% of the funds will be used to purchase the miners, and the remaining 10% will be allocated for pipeline and facility maintenance.

Why 80% of the funds? –

The more miners we can get online immediately, the more rewards we can share with the Dao. It is in fact possible to purchase these miners in tranches, but it has inherent risk. The newest generation ASIC’s have overwhelming demand, so there’s no way to be certain of their availability in the future. Rather than potentially face a backorder situation, its best to fulfill the order when available. Also, there’s no way to guarantee future price. If the demand continues to rise, there’s a very good chance the miners will increase in price over the next 12 months. Purchasing in bulk secures the best rates from Bitmain. The goal is to be earning as soon as possible, to capitalize on upward price action of Bitcoin. The miners will be delivered via air shipping directly to our colocation facility in Alberta Canada.

And the remaining 20%?

These funds will be allocated for the following:

Maintenance salaries 50% –

The site requires 24/7 security and maintenance. This includes the pipeline, container infrastructure, and network maintenance. This allows us to maximize uptime, and maneuverability, should any issues arise.

Replacement parts 25% –

This includes server machinery, PDU’s, native electronic engine systems, pipeline mechanicals, and generator components. These systems are built extremely well; however, the mark of a good operation is the ability to resolve issues expeditiously as they occur. In the wake of a mechanical issue, not having the necessary parts results in downtime.

Capital reserves 25% –

This would entail any legal work, filing expenses, and emergency allocations.All existing infrastructure which includes, well installation, and container builds, have already been funded by our early contributors. Therefore, the only direct costs will be miners and upkeep. $MINE Tokens in the treasury are to be used to further grow the ecosystem. This can include bonuses for longer term staking, and incentivizing projects to join and host within the ecosystem. All will be subject to Dao vote.