# Qwikmine DC Tokenization Enabling Mining DC Tokenization as an ERC-20 on the Ethereum Network. {% hint style="info" %} **WARNING:** Engaging with cryptocurrencies is extremely risky and dependent on regulations across different geographies. We are not financial advisors and engaging with any of our products and services does not guarantee any sort of financial rewards. Users of any products and services on our platform are strongly advised to do their own research inclusive of geo-specific legislations and understand the risks accordingly from licensed financial advisors in the space. As of December 2023, pending broad-based regulatory clarity, all cryptocurrencies across the spectrum are only lines of code offering no intrinsic value or otherwise in comparison to real regulated money-markets. Anyone found proceeding from here is deemed to be engaging with the Protocol at his or her own free will and risk appetite with no liability or impact due to the Project Team \ \ **We are unequivocally not responsible for results of any users decision making**. {% endhint %} ## What is a Mining DC A mining datacenter, as the name suggests is almost the same as a typical IT datacenter except that the hardware and software utilization is limited to Cryptocurrency mining activities.
> The Global Cryptocurrency marketcap as of Dec 30th 2023 is at $1.6 Trillion and is set to grow further as regulatory authorities worldwide begin to introduce measures expected to increase global adoption of various Cryptocurrencies. > > By tokenizing the Mining DC as a Real World Asset (RWA) on Ethereum, we enable users to digitally own a slice of the mining fees generated by customers of the DC. > > With largescale BTC, LTC, ETC, DOGE, RVN, KDA, KAS and more miners already in house and fully operational for clients across the globe, we are in a strong position to expand and scale operations across new geographies in order to onboard more individuals & institutions looking to get into the Cryptocurrency mining space. > > With a proven and consistent track record of delivering cutting edge mining services for various crypto across the spectrum, we believe there is a room for further leveraging the digital space by enabling DC tokenization at large where users can be a part of the brick and mortar business without having to physically invest time or effort into setting up, managing and maintaining the same. This large-scale decentralization of the entire process seamlessly allows any user from any part of the globe to participate in the capacity of a Token holder eligible for a portion of the mining fees generated by the customers of the DC. ## Suggested Reading {% content-ref url="/pages/vCCbWZnW5b8LFyOtui4Q" %} [What do we do?](/overview/what-do-we-do) {% endcontent-ref %} {% content-ref url="/pages/rgRiDJngKtWoa5BN7QVw" %} [General Observation](/fundamentals/general-observation) {% endcontent-ref %} {% content-ref url="/pages/QrxfYztOkxvmgNqOgkwk" %} [Official Links](/qwiklinks/official-links) {% endcontent-ref %} ## Get Started We've put together some helpful guides for you to get setup with our project quickly and easily. {% content-ref url="/pages/43tVFNsdR0R3MMfXJpGA" %} [Qwikmine as an Ecosystem](/fundamentals/qwikmine-as-an-ecosystem) {% endcontent-ref %} {% content-ref url="/pages/OOgXW4BJIeis1POsQwqz" %} [FAQs](/qwiklinks/faqs) {% endcontent-ref %} # What do we do? In brief, we run and operate Cryptocurrency Mining Datacenters "as a Service" for customers and generate fees in return for the same. We also supply devices and peripherals for customers globally. {% hint style="info" %} **WARNING:** Engaging with cryptocurrencies is extremely risky and dependent on regulations across different geographies. We are not financial advisors and engaging with any of our products and services does not guarantee any sort of financial rewards. Users of any products and services on our platform are strongly advised to do their own research inclusive of geo-specific legislations and understand the risks accordingly from licensed financial advisors in the space. As of December 2023, pending broad-based regulatory clarity, all cryptocurrencies across the spectrum are only lines of code offering no intrinsic value or otherwise in comparison to real regulated money-markets. Anyone found proceeding from here is deemed to be engaging with the Protocol at his or her own free will and risk appetite with no liability or impact due to the Project Team \ \ **We are unequivocally not responsible for results of any users decision making**. {% endhint %} ## Overview **Tokenizing DC mining as an ERC-20** The QWIK Token, is a fully minted ERC-20 Token with a Total supply of 1,000,000. \ \ Trading Fees: * 4% Buy Fee * 0% Sell Fee (8% Sell Fee if sold within 60 days) Initial trading fee will be at 40% in order to deter launch snipers. This Fee is utilized to fund the DC expansion and regular operational expenses. It is generated by users transacting on the token post launching on the Uniswap Decentrailized Exchange. The Fee will be redirected to a clearly labeled wallet which can be easily tracked by members of the protocol. A 1% holding limit will be applied at launch and removed after first few blocks of trading. The Contract will be renounced post launch and only a rescue function has been made available to pull the LP tokens from the CA to relock periodically. **No other modifications - changes to buy or sell fee, trading limits, wallet holding limits etc can be executed.** **Launch Allocation:** **88% - Uniswap DEX** **8% - Project Team** **4% - Operational Expenses (3rd Party service providers - PR agencies, Airdrops, CEXs, Aggregator listings, Social Media management, Community Management, Rewards, more)** The revenue (Mining fees on the DC) will be distributed between token holders and the project as follows: | Tenure | Holder Revenue Share | Distribution | | ----------------- | -------------------- | ------------ | | 0 - 6 months | 50% | Monthly | | 6-12 months | 60% | Monthly | | 12th month onward | 75% | Monthly | **How is the revenue generated**: With multiple DCs in operation via co-located Mining for 3rd Parties, the Project generates fees from users on a monthly basis. With mining facilities located across 3 geographies to cater for BCP/DR and strong hands & feet presence for daily operations, we have a robust userbase and a strong pipeline of future customers interested to participate in cryptocurrency mining. The projected annual revenue in fees from mining operations is currently approximated at $1,000,000+ net (dependent on customer throughput and prevalent market conditions impacting miner risk appetite). **How it works:** 1. We provide the Mining DC, which can also be considered as a Real World Asset (RWA) to interested holders as an ERC-20 on the Ethereum chain 2. This ERC-20 allows holders to participate in a fee sharing mechanism designed to further grow the overall Mining DCs across more sites thereby attracting more institutional miners at large 3. The Mining DC operates as it already does today, invoicing customers (the actual mining device owners) at the end of each month at pre agreed rates (varies between 0.08 USD kWh to 0.14 USD kWh depending on agreements). This invoice is for the monthly fee charged to customers who use the "as a Service" mining DC as well as colocated devices 4. The amount raised as part of the monthly invoicing, is what is presented as the give-back or reward component to holders of the ERC-20 token 5. At the present moment the holders only need to hold the ERC-20 token in order to receive rewards on a monthly basis as a WETH airdrop, however in future staking pools may be considered in order to promote longevity and sustainability. # General Observation An overview of Mining and RWA Tokenization Qwikmine seeks to introduce a new concept in the ERC-20 space by means of tokenizing revenue share from hosting solutions undertaken in the mining datacenter. Holders of the QWIK token are eligible for a share in revenue generated by the datacenter. This revenue comes from monthly fees invoiced to the customers who have leveraged the cloud hosting solutions provided by Qwikmine. With multiple Datacenters located across geographies currently serving clients globally, we remain in a strong position to be the leader in the tokenized mining space. Being an as yet unexplored concept in the RWA (Real World Asset) space, the Qwikmine project and its token QWIK is an experimental attempt at bridging the gap between digital and real. The token provides a platform for Ethereum users to participate in the revenue share of a Mining Datacenter. The Mining Datacenter on the other hand is able to sustain operations by retaining a portion of the revenue as well as from the Trading Fees generated by the tokens transaction volume. The generated tax therefore is to be utilized for scale and growth which in turn is expected to fuel increased MW and hosting capabilities that can allow the project to onboard new clients Qwikmine already facilitates multiple projects in the ERC-20 space to tap into the POW Mining world allowing for seamless RWA interaction between onchain users and real world business that engage in Cryptocurrency Mining as an activity Holders of the QWIK token remain insulated from price swings of the mined crypto considering the revenue generated is not from the coins but from the fixed fees invoiced every month to customers of the DC. The coin price plays a negligible role as the typical miner continues to churn through periods of market troughs and peaks as seen during the 2022-23 bear market. However we remain cognizant that cryptocurrency at large is a risk asset that requires careful consideration by the investor community # Qwikmine as an Ecosystem Get involved with what we are building!
Step 1: Entering our Mining ecosystem Users can choose to: 1. **Mine with us** - we support nearly all PoW cryptocurrencies and offer rates at par with anyone on the market with regard to procurement, setup, management of Mining Devices at 99% uptime in an "as a Service" or colocated model 2. **Hold our ERC-20 Token** - Those interested to get a share of the monthly revenue may go ahead and hold our ERC-20 Token and expect payouts on a monthly basis 3. **Order miners from us** and mine at your own location if you already have a DC! We ship worldwide and offer competitive pricing on all mining devices from all top manufacturers
Step 2: Managing your interaction once within the system 1. **Customers who mine with us**: User journey is simplified to the point where there is a one time activity for the user to create their own Pool and wallet on F2Pool. We will map the devices to your account for you to transparently view/manage the same. At the end of the month you receive an invoice on the OpEx that allows you to pay us for the hosting service 2. **Holders of the ERC-20 token**: User journey is simplified to the point where anyone holding the token receives a portion of the Monthly fees as a revenue share at the end of each month pursuant to his or her holdings, based on the schedule outlined. 3. **Only interested in device procurement**: User journey is simplified to the point where all that is required from the customer is to agree on the days price (prices vary on the ground basis underlying asset price) and send the payment based on invoice. Post which you track the shipment which will be posted to you for downstream management
Step 3: Exiting the mining ecosystem 1. DC Customers may simply notify us on our official email with their intent to stop services and subsequently agree on the device return plan (customer pays shipping) or device buyout plan (we are happy to attempt a fair price buyout to support customer needs) 2. Holders of the ERC-20 token may simply sell their Token or transfer it to anyone of their choice 3. Customers procuring devices only - No Exit formality is applicable here because the relationship is a simple interaction of buy -> receive devices -> ticket closed
Datacenter Information As a licensed and regulated entity, we have a global user-base of customers that leverage our "as a Service" model. These vary from individuals to institutions as well as our own in-house Web3 projects such as Blocktools.org and GhostDAG.org While for obvious privacy and security reasons the locations of our DCs cannot be made public, housing millions of dollars worth of customer devices, here remain some salient pointers: 1. Site visits (2 way NDA factored) and customized options can be facilitated given successful closure of high value deals. 2. We maintain 99% uptime for all our clients (a lot of our pools are in fact publicly trackable) 3. We operate across multiple locations in order to ensure we are BCP/DR compliant in the case of emergencies 4. Our DCs are secure, monitored round the clock via CCTV and on the ground support and have never suffered a breach
# Official Links All official QWIK Links **Web**: **Twitter**: **QWIK Contract**: **QWIK Tax Wallet**: **Announcement TG:** **Community TG**: TBA **Uniswap**: # FAQs We plotted some typical frequently asked questions to help the reader 1. **Are we giving out mining rewards?** \ No, these are not rewards from Mining. The mining devices are owned by various occupants of the DC (some Web3 examples of mining device owners would be the Blocktools and GhostDAG.org projects). The Project does not own the miners and therefore cannot give them out. 2. **Is it a sustainable business model?**\ Everything related to Cryptocurrency is always a risk, however as long as the DC has customers churning PoW currencies from BTC, LTC, ETC, DOGE, KDA, RVN, KAS etc the DC will continue to operate 3. **What happens if the price of the mined coin (example BTC) falls**?\ We are insulated from the earnings of the customer or the price of the coin because we are invoicing customers based on the power consumption and OpEx charges with additional margin. Therefore the price of BTC, LTC, ETC, DOGE, KDA, RVN, KAS is immaterial, the customer will continue to pay the fixed charges whether his mining is profitable or not. Most PoW miners are aware of this and operate racks with a long term view on where their respective mined coin will be price-wise 4. **Who can buy or trade this token**?\ Anyone who is not a part of a restricted geography (check with your local financial advisors and regulators) can trade this token however we recommend speculators and short term quick-gain seekers to stay away in order to avoid a 2 way hassle of setting and managing expectations that this is an attempt at tokenizing a revenue-sharing long term project that does not support or endorse speculation of any sort. The Project team will have 0 control over the price of the Token and the token price by itself is only as decided by the trading community. Conceptually, the purpose of the token is to enable revenue share for interested parties that choose to hold the token and therefore all energy will be focused on fulfilling this core concept. Traders, investors and holders are advised to utilize due judgement and seek counsel from authorized advisors whether or not this product suits your needs. 5. **Why the need for a Token**? \ The purpose of this ERC-20 Token is to generate additional liquidity to expand further across multiple sites thereby accommodating a growing pipeline of customers who want to get started with us quickly. In return for the expansion the project is spreading out the revenue share over a longer timeframe (as scheduled in the whitepaper) and giving it out to holders. This is a common industry practice already seen in the traditional space as many institutions go public and use their stocks to increase cashflow for expansion, R\&D and any other growth purposes. We are attempting to do so as an ERC-20 6. **Will I make money trading this Token**? We recommend users to not participate in any sort of speculation on the price of the Token. This token is designed for users intending to receive a share of the monthly revenue (should they deem it lucrative enough). We are neither financial advisors nor authorized regulators to comment on Token price and strongly recommend anyone looking for price gains to seek entertainment elsewhere. 7. **Can any changes be made to the Tax or the Contract transfer functions after renounce**? No, once the contract is renounced no further changes can be made to the same 8. **Where can I buy QWIK?** The Qwikmine token will launch on the 16th of Jan 2024, between 4pm and 6pm UTC, on the Uniswap DEX. Post which it will be listed on one or more centralized exchanges. The community may choose to exercise their purchase from either options.