VERITAS MINING COMPANY

January 17, 2018

VERITAS MINING COMPANY

Brief Explanation of Veritas Mining

Veritas Mining is a large-scale crypto currency mining company using electric power from renewable green resources located in Thailand. Veritas Mining will use a cloud / virtual mining base, so customers do not have to bother to provide / assemble the device to mine itself because it will be prepared by the company, the customer only needs to pay the maintenance fee only and the customer is just waiting for the profit sharing in the period certain. Veritas mining mines large-scale currencies because it is more profitable than self-mining. In addition Veritas mining also has great opportunities and advantages in crypto mining, because they are relatively low cost of electricity and operation.

To conduct crypto mining requires adequate electrical energy. A large amount of electricity is used to generate the computing resources needed to perform crypto mining. Veritas Mining wants to help divert this growing energy need into a green, renewable and sustainable resource for crypto mining.

Some of the preferred crypto crystals to be mined include: Bitcoin, Ethereum, Dash, Litecoin, Zcash, Monero, Ubiq. and a small fraction of existing computing resources will be used to mine new crypto coin alternatives.

We will buy 50% GPU and 50% ASIC. For GPU / VGA, we use a 50/50 ratio, the AMD RX580 8gb GPU and nVidia 1070 8gb. For ASICs, 60% will be used for crypto crystallized Scrypt, 20% X11 and 20% final for SHA-256.

For Electrical Energy we have a total of 55MWh to 60MWh. The least amount in Saraburi is around 15MWh, and at most in Suphanburi around 28MWh.

Vision of Establishment of Veritas Mining

At Veritas Mining Company, we believe we can convert renewable green energy into crypto currency by using it for crypto mining. Crypto mining is very profitable when done on a massive scale that essentially turns electricity into a digital asset. At this time crypto mining has been done globally. What we offer is large scale crypto mining that uses environmentally friendly, sustainable and renewable energy, in a stable country with an environment without risk of natural disasters.

Advantages of Veritas Mining from Other Companies in the Same Field

Some crypto mining companies hide their location and also the energy source they use. This is done because they want to hide their trade secrets and avoid their competitors knowing the origin of their inexpensive source of energy. They also refused to say the sum of the strength of the crypto miners. Because of their fear of competitors. But Veritas mining adheres to the principle of openness to all information required by users of this mining service.

Constraints that are often encountered by mining companies is the cost of electrical energy and maintenance costs of the device. Veritas Mining has a solution for both problems. They have a cheap and renewable energy source. Locations for their energy source placement are strategic for building 3 power sources (wind power, solar power plants and bio gas power plants).

With the low cost of electricity and maintenance expenditure, it affects the income earned on a timely basis. Veritas Mining generates considerable profit in comparison with other mining companies so that profit sharing and expense costs are very fair and attractive to investors.

Veritas mining is also always researching good research for more efficient devices, better programs for integration into blockchain technology in the future.

What is a Token Veritium?

Veritium is a useful crypto currency as a tool to receive profit sharing from crypto mining company Veritas Mining. The amount of profit we receive depends on how many veritium tokens we have.

Sales of Veritium Tokens (ICO)

For sellers of veritium tokens will be divided into 2 sales periods ie Pre-sales and main sales (ICO)

Pre-Sales

Pre-Sale begins: October 28, 2017

Bonus Pre-sale : 50%

Pre-sale Token Cap: 45,000,000 (30,000 ETH)

Min. Pembelian Pre-Sale : 30 ETH (45,000 VRTM)

Primary Sales (ICO)

Main Sale begins: November 24, 2017

Bonus Week 1 & 2: 25%

Bonus Week 3 & 4: 10%

Bonus Week 5-8: No bonus

Min. Purchase: 0.1 ETH = 100 VRTM

Min. Total Sales: 3500 ETH or $ 1,000,000

Max. Total Sales: 100,000 ETH

Distribution of Veritium Tokens

18 Additional tokens will be made every 100 tokens sold.
18 Additional tokens are issued to Project partners, founders, teams and advisors.
Unsold tokens will be burned.
Veritium tokens can not be mined.

Wallet that can be used to buy Veritium

MIST/Etehereum Wallet/MetaMask
MyEtherWallet
imToken

Utilizing Collected Funds

Funds accumulated will be used according to the following details

The collected funds will be used for device purchases (Hardware), Operating costs, infrastructure development, marketing, legalization, and the purchase of Token Bancor.

BNT Token Token purchase aims to create an exchange between Token Bancor and Token Veritium. This creates an intrinsic security and liquidity for the Veritium token.