DeFi Mining expansion plan
How to scale operations, maintain profitability, and ensure stability for our protocol
Transparency is key for every DeFi project, and although DeFi Mining has a big part of its operations in the real world, it's still running in the DeFi ecosystem. In this article, we will explain what milestones we plan to achieve in the future, for both the short and long term.
What’s in for the short term?
Security is a top priority at DeFi Mining. And unlike most DeFi projects that only get one or two smart contracts audited, we will get our protocol fully audited. All the smart contracts involved in the platform will be audited by DeFi Shield.
DeFi Shield is the security team of DeFi Launch, the incubator & launchpad where we have worked for one month in the Incubation Program.
The mining deposit will be built from the funds raised on our Community Sale and Presale. Almost all the funds raised are going to buy Bitcoin mining Asics and build a state-of-the-art container that will ensure highly efficient operations. A small part will be to cover software development costs and other minor expenses.
The Community Sale, Presale, and Tokenomics will have an article explaining the full details of how they work.
After the Community Sale and Presale are finished, the launch of the platform will be deployed, and all the $DMINE holders (called “DeMiners”) will start earning BTC rewards. The Mining center, that’s how we call our Bitcoin mining container, will be fully operational 10 days after the presale ends.
In between the launch and the full deployment of the Mining center, the DeMiners will receive BTC rewards purchased with funds of the presale. | Less than 1% of the total raised funds will be allocated for this.
Phase 3 - Mid term milestones
After some time running the project, mining operations, and strengthening our community, we will deploy a BTC mining operation dashboard. With this tool, we will provide more extensive information about the mining operations to increase transparency. This tool will have more functionalities added over time, making it even more powerful.
As we aim to continue growing, we will open a new fundraising round for current DeMiners and new potential holders to join DeFi Mining ecosystem. In the same location as the first container, a place for a second one is already reserved to expand our Mining center.
The details about the expansion will be shared accordingly at least one month before the fundraise.
Long term plans - The future of DeFi Mining
One of the most valuable things about DeFi Mining is the team running the project. With mining experts with years of experience in the industry, lots of opportunities are waiting to be taken.
We are Bitcoin lovers and strongly believe that it will always be the #1 cryptocurrency. But we also know that the crypto landscape is much bigger than it, and there are also other cryptocurrencies with a lot of value and growth potential.
That’s the case of Ethereum, where mining operations are also very popular and profitable. As a very similar model, with technical differences in the mining process, we will also offer easy access to ETH mining.
The same fundraising structure will be carried out to expand our operations into ETH mining, with a Community sale and the construction of the container where the ETH mining machines will be set up. The location will be the same as the first two BTC mining deposits, completing a total of three containers for our Mining center.
DeFi Mining long-term vision
Although it seems like a very ambitious plan, that is only the kickstart for greater and bigger developments. As true believers that crypto is the future, we will work tirelessly to make crypto mining accessible to everyone.
Combining our technical know-how and resources network, with the benefits of the DeFi ecosystem, we aim to bring mining opportunities to people all around the world in an easy and secure way.