Legal agreements and safeguards

MinePro holds multiple legal contracts with various parties involved in our operations. These contracts act as a safeguard to ensure the expected terms are met.

5 year power contract

MinePro holds a 5 year power contract with Logic Mining at a guaranteed rate of $0.02 per KWH, with options for renewal after its expiry. This ensures that there are no unexpected impacts through power cost to the MinePro DAO's profitability.

Uptime Service Level Agreement with Logic Mining

MinePro holds a Service Level Agreement (SLA) with Logic Mining stipulating a guaranteed minimum mining uptime total of 90% for all ASIC machines owned by the MinePro DAO. This SLA functions as a safeguard to ensure the MinePro DAO earns the expected yield. In the event of a failure to meet the agreed-upon uptime, Logic Mining is required to provide full coverage of any mining yield missed.

Asset Ownership and Governance by MinePro DAO

The MinePro Decentralized Autonomous Organization (DAO) retains full legal ownership and control over all ASIC mining equipment. Through this governance structure, $MINE holders are afforded participatory rights in decision-making processes, aligning operational control with the collective interest of the DAO membership. The DAO model ensures transparency and accountability in the management and deployment of mining assets as well as distribution of mining profit dividends.

Full disclosure of all legal, invoicing, and purchasing agreements.

All documentation without exception will be submitted to the dao. This includes the purchasing of miners, legal, maintenance and repairs, parts, corporate filings and administrative documents.

Commitment to on chain governance.

MinePro will have an obligation to keep all expenses on chain for Dao approval (assuming this is possible.) As stated in the funding disbursement section: Keeping a capital reserve is essential as it is unlikely that 100% of all required upkeep and expenses will be able to be maintained on chain. However, the miners and all infrastructure will be.

It was of utmost importance to us that we set up these legal safeguards as there is significant risk to the DAO's capital through these ASIC machines.