Blockstream will issue a token share with a hashrate of its ASIC miners – Bits Media

Blockstream, one of the key developers of the Bitcoin infrastructure, plans to launch Blockstream Mining Note token share (BMN), intended to replace ordinary shares of mining companies.

Bitcoins, mined on Blockstream equipment, acting as token security, will be stored in cold wallets for three years, and then will be distributed among BMN holders.

BMN is suitable for those investors, who for some reason cannot invest in shares of mining companies. Each BMN token is backed by Blockstream ASIC hashrate, equal to 2,000 terahashes per second. Причем инвесторам из США токен будет недоступен.

Offer of tokens-shares (STO) will be held on the European platform of alternative digital assets STOKR. The first tranche of tokens is scheduled for 7 april. At the same time, the BMN price is set at $240 000 for pike. The same amount is also the minimum for participation in STO. Already with 9 July will start mining bitcoins on equipment, acting as token security.

“We have 'packaged mining' into a tradable token. BMN gives investors significantly more flexibility, rather than investing in physical mining infrastructure. With BMN, investors will be able to change the share of investments in the cryptocurrency industry at any time - they just need to sell or buy tokens in the secondary market. We are also increasing the security of the bitcoin network by attracting new funds ", - noted Blockstream CEO Adam Back (Adam Back) and IT Director Chris Cook (Chris Cook) in a statement
on the company's website.

At the end of January, Blockstream purchased
ASIC miners worth $25 million from MicroBT. A token, hashrate secured, first offered mining pool Poolin last week.