Borneo First - Your Gateway to Borneo Island Investment

bonanza-kreep (66)in #borneofirst • 6 years ago

Borneo First is a new blockchain-based project that is one more step in the development of cryptocurrency investments in Indonesian region.

https://ico.borneofirst.com/

BF means investing in the coal and energy industries.

It is planned to launch 3 simultaneous projects:

Coal mining. Asia takes leading positions in terms of coal consumption, and in the future this level in the region will only increase.
Construction of a power plant. In combination with its own coal-mining production, the power plant will increase the profitability of the project through the sale of electricity.
The station is also designed to power the third project. For the same purpose, it is planned to build its own photoelectric power station.
Cryptocurrency mining is the third BF project. The access to cheap electricity will increase the amount of produced computing at times.

China's policy to increase the cost of electricity forces miners to look for new places for accommodation - the project of Borneo First team should become one of such new super-farms for mining cryptocurrency in the Asian region.

The project’s tasks

According to the creators, the project should focus on preserving the pristine nature and ecosystem of the island as the part of the disclosure of its economic potential.

The island is the third largest in the world and has huge economic prospects in terms of developing natural resources and the industry. The project team plans to make every effort to increase the cost of Borneo coin.

Borneo as a new player on cryptocurrency market

Many factors were taken into account when developing Borneo coin:

• High level of network security with its universal accessibility;

• High cryptocurrency liquidity;

• Easy listing on cryptocurrency exchanges.

As a result, Borneo coin will enter the market as the ERC20-based token with the limit of 150 million tokens.

All holders of the Ethereum equivalent that equals to the minimum volume of tokens, will be able to participate in voting on the team's projects, and in the future will participate in the distribution of profits.

https://ico.borneofirst.com/

ICO details and main features of income distribution

- About 80% of real profits from the projects will be invested in the purchase of Borneo coins, for their further distribution among program participants.

- About 15% will be invested in the development of the project’s energy and coal infrastructure.

- Up to 15% will be invested in technological improvement of the process of cryptocurrency mining.

- Part of the profit should be invested in social and environmental BF programs and research developments.

- In the long term, it will be possible to create new cryptocurrencies within the framework of BMG, and thereby increase the income of the project participants.

- Ethereum and Bitcoin can be used as a payment method to purchase BMG, then the list of currencies will be expanded.

- A total of 150 million tokens will be released.

- 87% will be distributed through the pre-sale and the ICO.

- The main team will receive 3%, another 3% will be distributed among the advisers. The remaining 7% will be allocated to the reserve.

Benefits and prospects for the region and cryptocurrency community

The government of the region, in addition to electricity and rental income, receives a number of social benefits under CSR and R&D programs, such as repair of social facilities, landscaping, scholarship programs.

It is planned to develop ecotourism, and support programs for the rehabilitation of endangered species.

The token holders, in addition to direct participation in the project activities of the team, will receive a portion of the profits from the implemented projects. And even a minimal number of tokens will allow participating in voting and distribution of incomes. Nowadays, the minimum number of tokens is not defined. It will be fixed after estimating the investment value of the project, but the greater the investment value of the project, the greater the minimum number of tokens is needed.

In general, BF team is going to launch a promising project. Providing the growth of the value of its currency by creating its own energy base for mining and real income from coal mining, in the future, there is a high probability that it will provide a stable income for the participants.