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 yield and terms are met and will be compensated if they are not. It's very easy to lose out on huge chunks of revenue without such safeguards in place in an operation like this.

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 it's 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 95% 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.

Warranty and Equipment Replacement Policy

MinePro holds a full breakage warranty agreement with Logic Mining covering the MinePro DAO for ANY ASIC equipment damaged, broken, or defunct on Logic Mining's site as well as a full warranty with ASIC Jungle covering the MinePro DAO for any breakage or defunct equipment in the process of shipping and delivery. The DAO is completely safeguarded from technological failure whether that be through the failing of the ASIC machines themselves or the handling of them by the various parties that will come into contact with them.

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.