Whitepaper Updated
Whitepaper Updated
Whitepaper Updated
Cryptocurrency Mining
WHITEPAPER
Version 0.1
www.mrmint.io
Content
Abstract ....................................................................................................................................... 3
Introduction ................................................................................................................................ 3
Mission ........................................................................................................................................ 4
Mr Mint making the difference ..................................................................................................... 6
Mr Mint Vision............................................................................................................................. 6
Why Mr Mint? ............................................................................................................................. 7
Crypto mining now possible for everyone ................................................................................. 7
Safeguard against pump and dump of token value .................................................................... 7
Benefits to the Token Holders ...................................................................................................... 8
Staking Benefits ....................................................................................................................... 8
Vesting Period Benefits ............................................................................................................ 8
Market Overview ......................................................................................................................... 9
General Introduction of Mining................................................................................................. 9
Current Market Overview ......................................................................................................... 9
Current Revenue Model ............................................................................................................. 11
Equipment details .................................................................................................................. 11
GPUs .................................................................................................................................. 11
ASIC ................................................................................................................................... 12
Future Product ........................................................................................................................... 15
Mr Mint NFTs ......................................................................................................................... 15
Metaverse or web3.0 ............................................................................................................. 15
MNT Token ................................................................................................................................ 17
Overview & technical Summery .............................................................................................. 17
Token allocation ..................................................................................................................... 18
MNT ICO Phases ..................................................................................................................... 19
Vesting Period Schedule ......................................................................................................... 20
Burning of Mr Mint Tokens ..................................................................................................... 21
Use of Funds .......................................................................................................................... 21
Road Map .................................................................................................................................. 23
Natural Energy consumption ...................................................................................................... 25
Risk ........................................................................................................................................... 26
Legal Disclaimer ......................................................................................................................... 32
Abstract
Blockchain technology is one of the biggest innovations that has emerged on the
Internet in recent years, as it enables the secure and reliable creation and exchange of
digital assets. Today, when we discuss blockchain, the biggest topic is its mass usage,
i.e., using this technology of huge potential for solving real world problems.
The global pandemic sends a powerful signal to the world: digitize or die. This has
proven beyond doubt, especially for legacy players who entered the COVID19 period
with weak client bases and financial sheets. But many businesses and merchants, on
the other hand, surely responded by stepping up their digital operations.
As people spent more time at home, we experienced rapid online growth and a
remarkable fusion of cryptocurrencies, NFTs and trading under the umbrella of
Web3.0 or the Metaverse. The metaverse is now where virtual content, products,
services and experiences are correlated without physical constraints and are fully
trackable and democratically monetized.
Mr Mint is at the forefront of this revolution. Our goal is to leverage the cutting-edge
technologies offered in this sea of changes. We're launching a crypto token named
‘Mr Mint’ (MNT). For deep penetration and expansion, the aims is to raise the
required funding through an Initial Coin (ICO), allowing us to expand our crypto
mining physical infrastructure and our product categories like NFTs, and the
metaverse in this digital space. Further, we aim to maximize the utility of the MNT
token by ensuring interoperability within gamified virtual worlds in the metaverse
and trading on centralized and decentralized exchanges.
Introduction
Eurotron Blockchain Pvt. Ltd. is a cutting-edge leading crypto mining company that
has a very strong identity for both customers and the market. The year 2022 is a
transformative year for our company; and as we update our visual identity as part of
Web3.0 transformation.
Eurotron introduces, Mr Mint- the world’s first token backed by real- world crypto
mining which accelerates agendas for mining infrastructure expansion. The Project
brings in an innovative business model allowing investors to capitalize on the crypto
mining opportunity with the rise of blockchain markets, without dealing with
hurdles, risks, and technical barriers.
With a global mindset and reach, Mr Mint will lead the universal crypto miner’s
community developing crypto-mining farms with state-of- the-art and hybrid
technologies that help overcome the significant problem faced by European and
Asian HPC facilities.
We're aiming to raise funds for the expansion of our physical mining infrastructure by
issuing MNT tokens through an ICO. Once MNT is listed on the DEX, mining rewards
will be put into the liquidity and market cap of MNT to combat the volatility and
pumping- dumping of prices.
We believe that exclusivity and rarity protect value; Mr Mint will play out its role in
the market as a safeguard against the loss of value.
MNT provides chances for millions of people who are eager to join the fast-growing
mining ecosystem and benefit enormously from investing in such a long-term and
well-planned business model.
Mission
Our mission is to extend the rewards of mining to a global community of individuals
driven by the potential of the bright mining future. We aim to make this possible
through our state-of-the-art infrastructure capabilities by building an open and shared
community.
Our ambition is to reach a target of mining 1 Bitcoin daily in a span of one year. Imagine
a time when this aspiration is achieved, and it supports MNTs liquidity and market cap.
As phases progress, we aim to create a marketplace that integrates NFTs, the
Metaverse, thereby developing a cross-chain ecosystem.
Our goal is to empower every individual and every organization in the blockchain
ecosystem to achieve more through a bright and progressive mining framework, and
by harnessing the power of Web3 for a decentralized future. To provide value to the
community through content and experiences like NFTs that aid the development of
the Metaverse.
By Eurotron Blockchain
Mr Mint: Making the difference
Mr Mint originated as a concept by a group of young technology enthusiasts with the
goal of offering consumers the most reliable crypto mining service possible. Mr Mint
intends to spread its wings and leave a strong global imprints in the field of blockchain
mining, web3.0 and the metaverse. The name Mr Mint perfectly encapsulates our
business model — ‘Mint’ referred to as mining of crypto coins, and NFTs! We are a
rapidly expanding business recognized for our high-quality crypto mining
infrastructure and investor profitability. Our team works tirelessly and relentlessly to
provide the best service possible at all times. "We believe that cryptocurrency mining
is for everyone, and because of our experience in the sector, we are more than willing
to supply any interested party with all of the resources they require to make it
happen." MNT provides chances for millions of people who are eager to join the fast-
growing mining ecosystem and profit greatly from investing in such long-term, well-
planned initiatives. The MNT token will soon be available for trading.
Mr Mint’s Vision
Mr Mint is the brainchild of extraordinary people with a vision to extend the benefits
of mining to individuals. A vision born out of the willingness to create growth
opportunities for millions who are waiting to participate in this fast-growing mining
ecosystem, but have been held back because of the costs involved, technical support
and maintenance. We are using our knowledge and experience of the mining industry
to build an ecosystem that enables people to use blockchain technology by using MNT
token. The vision of the Mr Mint is to inspire a wider audience in crypto mining by
taking strategic steps towards sustainable growth. The vision is to leverage the latest
blockchain technology, web3.0 and set up the mining infrastructure across the world.
Mr Mint will continue to innovate itself with the goal of offering its users the best
experience. As part of our growth strategy, Mr Mint is planning to continue developing
various use cases for MNT token holders as outlined in the roadmap.
Why Mr Mint?
Crypto mining now possible for everyone
To generate enough money from cryptocurrency mining, you'll need GPUs/ ASICs, PCs,
steady electrical and internet connections, thousands of dollars, and most
importantly, technical competence matched with large infrastructure. The ability to
buy a big amount of power is the second most pressing issue. However, a majority of
individuals are unable to engage in crypto mining and benefit from its rewards, as a
result of these obstacles, prompting this invention. Our main objective is to make it
possible for everyone, wherever in the globe, to earn from the highly sought-after
industry of crypto mining with the least possible investment and in the most
convenient way imaginable. Users who purchase the MNT token will not need to invest
in expensive mining equipment or computers, and they will not need any prior
technical experience.
Mr Mint is a community-governed and completely sustainable token that provides a
complete solution for the worldwide mining community while also redistributing the
profits to the same community.
Period APY
9 Month 9%
12 Month 12%
18 Month 18%
24 Month 24%
Equipment details
GPUs
Our existing mining plants running with more than 5000 GPUs, which mine multiple
cryptocurrencies such as Ethereum, Ethereum Classic, Monero, etc. Cryptocurrency
mining is an intense process for even the best graphics card. We use NVIDIA GeForce
RTX 3090 and NVIDIA GeForce RTX™ 3080 Ti. These are the best mining GPUs if you're
mindful about energy use and initial cost.
NVIDIA GeForce RTX 3090
The RTX 3090 is the most powerful GPU from NVIDIA's RTX 30 series to date. It has
everything which is required to create one powerful mining rig. The hashrate of
121MH/s, 24GB of GDDR6X VRAM, more than 10,000 CUDA cores.
Hashrate 121MH/s
VRAM 24GB GDDR6X
TDP 350W
Power input 1x 12-pin PCIe (FE only) or 2x 8-pin PCIe
The RTX 3090 from NVIDIA truly is in a class of its own. It's incredible at crypto
mining. The RTX 3090 has some beefy specs for mining, including a whopping 24GB
of GDDR6X VRAM and 10,496 CUDA cores.
NVIDIA GeForce RTX™ 3080 Ti
The RTX 3080 is also one of the best graphics cards on the market. The RTX 3080 Ti will
have GA102-225 GPU, with 10,240 CUDA cores, 80 RT cores (dedicated cores for ray
tracing), 12GB of GDDR6X VRAM.
The RTX 3080 Ti is the latest and greatest graphics card from NVIDIA it brings RTX-
features like ray tracing and even more powerful than the RTX 3080.
Category RTX 3080 Ti
GPU GA102-225
Memory 12GB GDDR6X
Bus 384-bit
CUDA cores 10,240
RT cores 80
Tensor cores 320
ROPs 112
TDP 350W
ASIC
Application-specific integrated circuit (ASIC) miners are computers designed for the
sole purpose of mining cryptocurrencies that are created through Proof of Work
(PoW). Our current mining plant has the capacity of more than 1000 ASIC to mine
specific currencies such as Bitcoin.
Antminer S19 Pro
Best for most profitable ASIC mining of Bitcoin, Bitcoin Cash, and other SHA-256
algorithm cryptocurrencies.
The Antminer S19 Pro is the most profitable ASIC miner for Bitcoin and the SHA-256
algorithm for now. You do not expect many devices to beat this equipment’s efficiency
offer of 29.7 J/TH (joules per Tera Hash). The device is built using the next-gen 5nm chip,
a second-generation chip dedicated to SHA-256 mining. It is the most economical and
efficient mining device in the market currently. For those asking how much one can
generate with this ASIC Bitcoin mining equipment, you expect the profitability of
around $12 daily with an electricity cost of $0.1/kilowatt.
Weight 15,500g
Noise Level 75db
Temperature 5 – 45 °C
Maximum Hash rate 110TH
Power consumption 3250W (±5%)
WhatsMiner M30S++
This also one of the best ASIC miners for highly efficient Bitcoin mining. This device
manages a power efficiency of 31J/TH (joules per Tera hash), hence one of the few top
Bitcoin ASIC miners that can reach that efficiency rating. It measures about 16.875”
length by 5.75” width by 8.8125” height. Testing reveals that the power efficiency,
power consumption, and hash rates do not fluctuate by huge margins when the device
is in use. The algorithm is SHA-256 – Bitcoin mining and over 10 other cryptos.
Weight 10,500g
Noise Level 75db
Temperature 5–35 °C
Maximum Hash rate 112TH/s±5%
Power consumption 3472 watts+/- 10%
We aim to bring DeFi users close to this goal through a Node-as-a- Service Protocol
(NaaS). Node management requires micromanagement that not a lot of people afford
given their restricted schedules. We introduced the first one stop node management
protocol for different high yield node projects like Gala Nodes. We create and
manage nodes and return rewards to holders.
Future Products
Mr Mint NFTs
Mr Mint strongly believes in the future of non-fungible tokens NFTs. They have
proven to be a great investment vehicle, capable of capturing value and generating
hype. The vast majority of tokens are currently seen and traded as “collectibles”,
having a value because of their rarity and thanks to the fame of the author. Like in
the art sector, not all creations will be masterpieces, and the most part of all the
NFTs created in this crazy period may not probably have any value five years from
now but the metaverse is an answer for all these NFTs. Mr Mint NFTs, which will be
the core asset of our upcoming metaverse initiative, will be introduced soon.
We will also discuss a new type of non-fungible token that is fast gaining traction, in
which digital assets are connected to a real-world value, like as a product, service, or
experience. An example could be an NFT that grants the user the ability to have a
dinner with his favorite influencer. Also in this case the token could increase in value
over time, if the popularity of the celebrity increases, but at the same time the value
won’t ever go to zero. The possibility of having a dinner will remain, giving the asset a
floor value. We call these “Experience-NFTs”. In this way we can safely open to every
artist that wants to create and sell a token, and minimize the risk of generating assets
that collapse in value when the bubble bursts or the market cycle reverts its trajectory.
Metaverse or Web3.0
The Metaverse can be described as a network of 3D virtual worlds focused on social
connection. In futurism and science fiction, it is often described as a hypothetical
iteration of the internet as a single, universal virtual world that is facilitated by the use
of virtual and augmented reality headsets. The Metaverse can be seen as the
intersection of virtually enhanced physical reality and persistent virtual space. It is an
independent virtual economy, enabled by digital currencies and NFTs. Both the
Metaverse and Play2Earn gaming have witnessed considerable growth over the last
few years. According to a 2021 Bloomberg Intelligence report, the market was worth
around $500 billion in 2020, with many predicting that it could balloon to over a
trillion dollars in the years to come.
Mr Mint is currently engaged in discussions concerning a next generation Metaverse
& Play2Earn platform design, which will feature our NFTs.
Token Overview
MNT Token
MNT token is built on the Binance Smart Chain that will power the future goal of Mr
Mint. MNT is a purpose-built token for the crypto currency mining revolution over
the world, It sits at the intersection of individual, cryptocurrency mining and the
latest developments of mining infrastructure, and a virtual gamified world of the
metaverse. The listing on the decentralized environment offers high speed and cost
effective, cross border transactions. Users rely on the decentralized system to
approve transfers, and record a secure, immutable ledger. We aim to accelerate the
growth of the token value by providing liquidity on decentralized exchange – all this
through from advance level mining infrastructure and activity.
Token Allocation
Private sale
1% 5% 6%
23% Pre- Sale
19% Marketing
Referral
R&D
Airdrop
Pre-sale
Public sale-
Reserves 4% 40,000,000 0% 0
Advisory 4% 40,000,000 0% 0
Use of Funds
Funds from this ICO will enable Mr Mint to accelerate its plans for rapid growth.
Additionally, we intend on expanding our existing crypto currency mining facility.
2) Developer Community
We believe that an active developer community is a key asset for any blockchain
project. As such, we want to invest into our community.
Network Growth
We will pursue a dedicated network growth strategy. The initial marketing is going to
be focused on professional ecosystem participants. We intend to offer great
infrastructure for professional services with established user bases, which renders
them ideal partners. We want to progressively allocate more budget to end user
marketing.
Miscellaneous
Includes any unforeseen costs at the time.
Road Map
Our roadmap is ambitious which contains planned milestones for Mr Mint's future
mission and focuses on the growth.
Q1 - Exchange Listing
2023 - Partial Unlock of Tokens of Phase 1
- NFT Integration Begins
- Adding Mining Rewards to the Token Liquidity
- Cross-chain Integration
Q2
2023 - Partial Unlock of Tokens of Phase 2
- NFT Airdrops
- Metaverse Integration: Partial Use of Mining Rewards for Real Estate
Acquisition
- Adding Mining Rewards to the Token Liquidity
TREE PLANTING
Around the mining premises we have already planted more than 1000 trees and we
will keep it continue this endeavor with the expansion of crypto mining farms.
Risk
GENERAL INFORMATION
An acquisition of the MNT tokens involves a high degree of risk. Each potential
purchaser of the tokens should carefully consider the following information about
these risks before he decides to buy the tokens. If any of the following risks actually
occur, the platform and the value of the tokens could be materially adversely affected.
Risks and uncertainties described below in this whitepaper may not be the only token
holders face additional risks and uncertainties may also materially adversely affect
the platform or the value of the tokens.
TOKEN RISKS
Lack of Development of Market for tokens
Because there has been no prior public trading market for the tokens, the sale of the
tokens described in this whitepaper may not result in an active or liquid market for the
tokens, and their price may be highly volatile. Although applications have been made
to the cryptographic token exchanges for the tokens to be admitted to trading, an
active public market may not develop or be sustained after the token sale. If a liquid
trading market for the tokens does not develop, the price of the tokens may become
more volatile and token holder may be unable to sell or otherwise transact in the
tokens at any time.
GOVERNMENTAL RISKS
Uncertain Regulatory Framework
The regulatory status of cryptographic tokens, digital assets and blockchain technology
is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether
governmental authorities will regulate such technologies. It is likewise difficult to
predict how or whether any governmental authority may make changes to existing
laws, regulations and/or rules that will affect cryptographic tokens, digital assets,
blockchain technology and its applications. Such changes could negatively impact the
tokens in various ways, including, for example, through a determination that the
tokens are regulated financial instruments that require registration. Company may
cease the distribution of the tokens, the development of the platform or cease
operations in a jurisdiction in the event that governmental actions make it unlawful or
commercially undesirable to continue to do so.
Legal Disclaimer
This White Paper has been issued by Eurotron Blockchain Pvt. Ltd. (the “Company”)
on 27th May 2022.
This white Paper describes the business objectives and MNT tokens issued by the
Company. The purpose of this White Paper is to provide prospective purchasers with
the information on the Company’s project to allow the prospective purchasers to make
their own decision as to whether or not it wishes to proceed to purchase MNT token.
The whitepaper was not created by any jurisdiction's rules or regulations designed to
safeguard investors, and it is not subject to any of them. It has not been reviewed,
verified, approved or authorised by any regulatory or supervisory authority. The
following information may not be comprehensive and does not imply any elements of
a contractual relationship. This document does not constitute the provision of
investment or professional advisory services.
The whitepaper provided is for informational purposes related to our approach of
providing a solution based on blockchain technology.
This paper is not a prospectus, invitation, inducement, or proposal for investment, nor
is it meant to be a sale or issuance of securities, interests, or assets. Any decision to
purchase MNT token shall not be based on consideration of this whitepaper. The
Board of Directors of the Company have taken reasonable care to ensure that, as at
the date of this whitepaper, the information contained herein is accurate to the best
of their knowledge and there are no other facts, the omission of which, would make
misleading any statement in this whitepaper. No representation, warranty, assurance
or undertaking is made as to its continued accuracy after such date.
The Company does not guarantee, and accept legal liability whatsoever arising from
or connected to, the accuracy, reliability, or completeness of any material contained
in this document. It is the responsibility of prospective purchasers of MNT tokens to
undertake their own due diligence.
Eurotron Blockchain Pvt. Ltd. expressly disclaims any and all responsibility, and
recipientsexpressly waive all claim for any direct or indirect loss or damages of any kind
(whetherforeseeable or not) arising directly or indirectly from:
1. reliance on any information contained in this document or any information made
available in connection with any further inquiries,
2. any error or inaccuracy in this document,
3. any action resulting therefrom or
4. usage or acquisition of products.
Eurotron Blockchain Pvt. Ltd. reserves the right to amend, alter, or correct this
document at any time without warning or incurring any duty or liability to any
receiver.
The publication of this whitepaper and the offering of MNT token may be restricted in
certain jurisdictions. It is the responsibility of any person in possession of this
whitepaper and any persons wishing to purchase MNT tokens (pursuant to the terms)
to inform themselves of, and to observe, any and all laws and regulations that may be
applicable to them. This whitepaper does not constitute an offer or solicitation to
anyone in any jurisdiction in which such offer or solicitation is not lawful or in which
the person making such offer or solicitation is not qualified to do so.
This whitepaper does not constitute a prospectus or offer document in any form and
is not intended to constitute an offer of securities or a solicitation for investment in
securities in any jurisdiction. The company’s token holders will not receive any form of
a dividend or any other revenue right. Nor will the purchasers participate in a profit-
sharing scheme or the profits of the company.
This whitepaper does not express any rights, obligations, conditions, performance,
covenants, promises, or warranties on behalf of Eurotron Blockchain Pvt. Ltd.
The company, its founders, team members and any third party involved in the
company’s project shall not be liable for any indirect, special, incidental, consequential
or other losses of any kind.
All statements regarding the company’s or financial position, business strategies, plans
and prospects and the prospects of the industry which the company is in are forward-
looking statements. Neither the Company, its founders, team members, any third
party involved in the company’s or it’s project nor any other person represents,
warrants and undertakes that the actual future results, performance or achievements
of the Company will be as discussed in these forward-looking statements.
Tax Obligations
Users are solely responsible for determining what taxes apply to transactions made
with MNT token and trades or transactions conducted through the Mr Mint Platform.
The owners of or contributors to the Mr Mint ecosystem are NOT responsible for
determining the taxes that apply to transactions made with MNT token or trades
conducted through the MR MINT platform in any jurisdiction. Mr Mint does not
condone, encourage or knowingly facilitate tax avoidance in any form or any
jurisdiction.
Prospective purchasers should inform themselves as to the legal requirements and
consequences of purchasing, holding and disposing of MNT tokens and any applicable
exchange control regulations and taxes in the countries of their respective citizenship,
residence and/or domicile. Prospective purchasers are wholly responsible for ensuring
that all aspects of this White Paper and the terms are acceptable to them.
No Warranties or guarantee
All content, data, resources and services provided in this Whitepaper are provided “as
is” without any warranties of any kind.
The Company does not guarantee, and accept legal liability whatsoever arising from
or connected to, the accuracy, reliability, or completeness of any material contained
in this document. It is the responsibility of prospective purchasers of MNT tokens to
undertake their own due diligence.
Limitation of Liability
Unless otherwise required by law, the owners of or contributors to this whitepaper
and the Mr Mint platform shall not be liable for loss of data, loss of profits, loss of use,
or any damages, forfeitures and violations connected with the information contained
in this whitepaper or on the Mr Mint platform.
Token Sale
Regulators examine companies and procedures associated with cryptocurrencies and
digital assets. Accordingly, anyone intending to acquire MNT token must be mindful
that both Mr Mint’s business model and the information in this disclaimer may alter
or require modifications due to emerging regulatory and compliance requirements
from any jurisdiction. Under these circumstances, anyone intending to acquire MNT
token understands that neither Mr Mint Platform nor its subsidiaries and affiliates
shall be held liable for any loss or damage caused by such changes.
Although the Mr Mint team will do the best of its ability, proceed with the project as
described in this whitepaper unforeseen circumstances might cause the project to
change or end altogether. Mr Mint can at no time be considered an official or legally
binding investment of any form. Purchasing MNT token is done at your own risk.
Acquiring MNT token carries various risks, including the chance that Mr Mint
Ecosystem may not fulfill the described roadmap.
Therefore, before acquiring MNT Token, you should carefully consider the risks,
expenses and benefits of purchasing MNT tokens and if necessary, obtain independent
advice in this regard. Any interested individual who is not in a position to accept or
understand the risks associated with the activity, including any trouble related to the
non-fulfilment of the roadmap or any other risks as indicated in the whitepaper,
should not acquire MNT token at any stage. MNT purchases are final and non-
refundable.
This whitepaper includes market and industry information and forecasts, which the
company has obtained from internal surveys, reports and studies, where appropriate,
as well as market research, publicly available information and industry publications.
Such surveys, reports, studies, market research, publicly available information and
publications state that the information that they contain has come from sources
believed to be reliable, but there can be no assurance as to the accuracy or
completeness of such included information. The Company does not make, or purport
to make and disclaims any representation, warranty or undertaking in any form
whatsoever to any entity or person. Including any representation, warranty or
undertaking about the truth, accuracy, and completeness of any of the information set
out in this whitepaper.
https://www.technavio.com/report/cryptocurrency-mining-hardware-market-industry
analysis?utm_source=prnewswire&utm_medium=pressrelease&utm_campaign=Auto-
V7_wk22_2022_004_report&utm_content=IRTNTR43766&nowebp
https://www.prnewswire.com/news-releases/cryptocurrency-mining-hardware-market-to-observe-usd-2-82-bn-growth--56-growth-to-
emerge-from-apac--technavio-301555061.html
https://www.quadintel.com/request-sample/cryptocurrency-mining-market/QI038
https://www.bloomberg.com/professional/blog/metaverse-may-be-800-billion-market-next-tech-platform/
www.mrmint.io
https://www.facebook.com/officialmrmint/
https://t.me/MrMint_Official
https://link.medium.com/Y4fDidhRmqb
https://twitter.com/mrmint_official?s=21&t=tYDoyhku_s11TqIRJcz_fA