About Speed Mining Service
Commonly referred to as SMS, Speed Mining Service is a Japanese company that seeks to get a portion of the rapidly rising Cryptocurrency industry. The company’s primary aim is to participate in Cryptocurrency mining operations through the help of their investors. Through the money they hope to increase, the ICO plans to purchase more mining hardware to produce more coins within the shortest time possible. The coins will lead to more profits for both the company and its investors. The company seeks to raise 3Billion Yen in token sales.
How Does Speed Mining Service Work?
Unlike most ICOs, the primary aim of Speed Mining Services is on profits. The company looks to come up with Cryptocurrency that can be of immediate use hence earning interests right from the start. However, to participant interested parties have to take part in the purchase of tokens as their form of financing the project. The project starts with the construction of the necessary systems of operation, which include computers. After that, the number of tokens one purchases acts as their shares on the profit sharing margin.
Additionally, members start receiving monthly dividends after the initial target is met. The company also plans to make use of 20% of the money raised as part of the system sustainability plan. And since power consumption in Japan is on the higher side, the company’s first project is set to take place in Hokkaido, which happens to be one of the country’s coldest areas. Through this, the company claims to save on the rate of power consumption, thus keeping the money that on electricity bills. The Japanese government is also helpful in power consumption.
Also, through the purchase of tokens, users get to benefit from the SMS token that sets to be available on mExchange. The platform is digital and is an innovation of SMS’s partner company Al Innovation Japan. However only investors in the mining tokens can benefit from this online exchange. Consequently, members get an option of token transfers and exchange programs within the ecosystem. It’s like a one trading site for all your needs.
Why Should I/not Join?
The Cryptocurrency investment industry is quickly shifting mindset to actual mining activities. The reason behind this could be the variable marketplace pricing of various crypto items. By investing the primary source through SMS, users rid themselves of inconsistent earnings. The company promises to start immediate release of profits to its members once it starts its operations. Through this, you get to see the fruit of your labor within no time. Also, as an investor, you don’t have to worry about equipment failure or anything of that sort as there are sufficient allocations on maintenance. Furthermore, the platform gives its users excellent services under one roof. From profit earnings, token transfers to token exchanges, it seems it covers all areas.
However, although the claims by SMS seem too lucrative, you shouldn’t forget the presence of several other companies in the same line of business. And just like any additional investment, there can be challenges. So, we advise you to trade with caution.
Speed Mining Service In Conclusion
Although SMS is still in its earlier stages, it seems like a good investment option. However, it might take some patience to start receiving profits as the system implantation is in March 2018. Overall, it seems like a great opportunity if everything goes according to plan.