OTS - SHAKTICOIN ISSUES NOTE OF CAUTION TO PUBLIC CLARIFYING WHO CAN HAVE ACCESS TO SHAKTI COINS
2019. April 12. 09:31
Berkeley, Calif., 12 April, 2019 (APA/OTS) - The registration to
mine the Shakti Coins will be opened country-by-country in the days
to come and Shakti Coins are not available for purchase. - The
Swiss Shakti Foundation issued today a note of caution to the
public announcing there is no imminent initial coin offering (ICO)
of Shakti Coins. Early adopters should not be fooled by any
individuals or entities claiming to have access to Shakti Coins for
purchase. Shakti Coins can only be mined. Therefore, no coins are
available to be purchased from anyone.
The registration to mine the Shakti Coins will be opened on a
country-by-country basis in the days to come. A limited number of
power mining licenses will be available to active miners in
proportion to population. For instance, India, China and the U.S.
will have equivalent numbers of power miners in proportion to their
population and made available on a first-come, first-serve-basis.
ShaktiCoin encourages the enthusiasm surrounding Shakti Coins
but wants to encourage everyone to pay attention to the details and
avoid purchasing fake coins.
The Shakti ecosystem is engineered to hold a stable value of
USD 5.00. Therefore, there is no possibility or opportunity for
pump and dump plotters.
Distributed Mining Ownership
The Shakti Network will always be 100 percent owned and
operated by the public. Any person or entity can participate as a
node operator (miner) of the Shakti Network. The Shakti Foundation
has preserved Satoshi's singular mandate of inserting ownership
within the hands of the node operators. The mining of Shakti Coin
is democratically distributed across the world and reinforced by
node operation at the rate of one node license for a natural
person. The Berkeley, Calif. office has the mandate to achieve
regulatory compliance and ensure fair allocation of nodes (miners)
worldwide.
The PoE protocol replaces Bitcoin's power-hungry protocol
without compromising on security. For example, a computer dedicated
to mine Shakti Coin with T400 Power Mining license would consume
about the same power as an email server, yet potentially capable of
producing a projected mining income of USD $10,000++ per month in
equivalent value in SXE within 18 months.
Only www.shakticoin.com can distribute Mining licenses. Please
be aware of phishing email invites or fake websites with "close
enough" URLs (ex: twtter.com). This sort of thing has become
common, so we urge potential miners to pay attention to the details.
Mining of Shakti Coin will be limited, especially at the
outset. The number of mining slots available will grow with the
network. Right now, the Shakti ecosystem will only accept a handful
of Power miners on a first-come-first-serve basis.
About Shakticoin:
The Shakti project is an international grassroots initiative
that exists independent of any affiliation with industry,
government, religion or political party. The Swiss Shakti
Foundation is a public benefit organization based in Zug,
Switzerland tasked to provide impartial oversight of the Shakti
ecosystem.
Learn more at https://www.shakticoin.com.
- Picture is available at AP Images (http://www.apimages.com) -
Call2Action:
Miners - help introduce smart money to the masses!
####
MEDIA CONTACT
Swiss Shakti Foundation
Contact: secretariat@shakticoin.com
Rigistrasse, 2 CH-6300
Zug, Switzerland
Tel: +41 41 266 07 67
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