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Intro Honey mining is analogue of cloud-mining, but only with us you don't need to care about limited contracts, price, timing, terms and project trust. Buying our tokens you become practically the "owner of shares" of our mining-farm and every month you will get income.
How it works We present a very clue of the project and how it works in several simple steps.
1. Users buy tokens
2. Once the total amount of funds collected would be enough for make order we will order/purchase another part of miners. This procedure repeats when the next amount of funds collected is enough to make another purchase and so on. Basically, minimal order is 1 miner with a price around $3000.
3. When the miners are got and ready our team will set it up to our farm that will work for every person included in the project.
4. Every month we will collect profits from miners and deposit this amount (paying for maintenance and electricity charges and reinvest 30% of it) to ETH Token balance. Thus, we will exchange all our alt-coins and bitcoins to ETH for deposit.
5. Every user which had at least one token before the actual deposit was made, could withdraw his dividends in accordance with the amount of the token that he has. For withdrawal its require to use smart-contract method withdrawDividends Reminder: be aware that if user has small number of tokens on their account (or even just 1 token available) than the profit could be less than actual transaction commission.
6. Once all tokens are sold and the sales are closed we come to the reinvestment stage to increase the power of the farm.
Reinvestment happens as it was described in stage 4: every month 30% of total income would be spent to order new miners to increase mining power and profit itself.
We decided to avoid rates fluctuations to reduce the possibility of manipulations. All rates present in whitepaper doc
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