🎯FAQs
We plotted some typical frequently asked questions to help the reader
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.
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
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
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.
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
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.
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
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.
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