Choosing SOLANA technology

We chose SOLANA because its highly efficient blockchain technology and decentralized ecosystem guarantee users property rights without any dependence on third parties. Its low transaction costs and the ability for byers to use the PHANTOM wallet to store their assets were also a big incentive for this decision.

CRYPTO VEIN token

The entire information about the token can be found directly in SOLANA blockchain explorer here. The current supply includes undistributed tokens held by CRYPTO VEIN. Information on distributed tokens can be found here.

Buying, selling and storing your VEINs

Here you have all the information about buing, selling and storing (PHANTOM wallet) your VEINs.

Types of investments

Spot capacity - in the open market, we buy a set amount of processing capacity (usually for less than 24 hours) from a third-party producer. This generates some specific crypto that is sold to pay that cost and generate profit.

Long term capacity - we purchase long term mining capacity from a tird party supplier.

Devices + colocation - we buy mining devices and pay for colocation services for these machines in mining focused facilities.

Equity in mining operations - we buy equity in operations focused on mining (this modality will only be possible in very specific situations and is not our main focus).

Other types - our team may include or exclude mining investment types as long as we add/exclude it to this detailed list before the investment is made.

Idle resources investments - in case we don't find good immediate investments in mining or we choose to save resources to make a bigger purchase with better commercial conditions, we'll invest in other crypto related assets always trying to scape the ones related to currency speculation.

Reinvesting mechanics

Every period (minimum once a week) that we have capital available, we will invest it in mining as soon as possible.

Trading process

The buying and sell-back step by step is carefully explained here.

Sell-back

At each period (usually daily, but limited with a 7 days limit) the profit and new capital of VEINs from the last period will be available for sell-backs and we will use the last VEIN price obtained through our valuation rules (explained in the next topic) minus 1% (transational costs). We will buy (until the threshold is reached) any VEINs sold within our price assessment and a buy order (within our threshold) will be placed so that people can sell back to us as they wish.

Reference coin

The valuation will allways consider the VEIN price in USDC.

Evaluation period

The maximum deadline to redo the VEIN valuation will be once every 7 days, but we will try to do it daily.

Valuation rules for each asset type

Coins in VEIN accounts - we will consider the market value.

Spot capacity - if the valuation occurs before it is finalized the initial investment value will be considered, if not it is already considered as coins in VEIN accounts.

Long term capacity - we will consider future revenues already established in the contract, any other revenue that may be generated will be considered only when received.

Devices + colocation - we will consider the investment value less depreciation (36 months for new devices, 18 for used), any other income that may be generated will be considered only when received.

Equity in mining operations - we will consider the investment value less depreciation (the rule will depend on each deal) and future revenues already established in the contract. Any other revenues that may be generated will be considered only when received.

Idle resources investments - if the valuation occurs before it is finalized the initial investment value will be considered, if not it is already considered as coins in VEIN accounts.

Main operational risks

Big crypto coins market prices drops - we structure the operation in a way that a drop in a especific coin doesn't affects us a great deal and our break-even point is very low, but if the overal prices would reach to absurdly low levels VEIN prices would be severely impacted.

Suppliers breaching contracts (including bankruptcy) - we use suppliers from several different countries, if one of them breaches our contract or goes bankrupt we could have losses (in time we will have several suppliers to minimize this, but until then the risks are important).

Hacker attacks - we take as many precautions as possible, but the crypto world is highly technology dependent and this is a possible risk for the VEIN prices.

Subtle mining market changes - if needed hashrates (computational power) increases unpredictable faster than we expected VEIN prices would be impacted.

Compensation process

Each time we do a VEIN asset valuation, we will determine how many VEINs we will receive to compensate us with 20% of earnings for that period. In the event of any loss of price by VEIN in the last 6 months, we will only receive the compensation if the loss is already compensated and if the tokens already received in the last 6 months represent less than 20% of the profits for this period.

Referring revenues

We will always try to stablish a link to aditional revenues regarding referring programs to VEIN accounts, but for the cases that dis is not permited the revenues will be directed to our accounts and will generate aditional compensation.

6 months lock up VEINs

Every VEIN we receive as compensation will have a six month lock up (we will only be able to sell it 180 days after we receive it) to ensure our full interest in making VEIN prosper.