Zeus claims to be the world’s first “ecomining” project. Find out how it works today in our review.
What Is Zeus Token ICO?
Zeus, found online at Zeus-Token.io, is a blockchain technology platform that aims to solve the world’s garbage utilization problem.
The developers created the platform to address the world’s trash problem. Today, one person produces 300kg of waste every year. Every year, the average EU household produces 200,000,000 tons of household waste. Meanwhile, the land under a dump remains toxic for 50 to 100 years. All of this adds up to a problem: we need better recycling and resource management.
With that in mind, Zeus is building a garbage recycling factory that will generate electricity from waste products, then use that electricity to mine cryptocurrencies.
In other words, Zeus is creating a factory that will mine cryptocurrencies using the electricity produced by garbage. That’s why they’re calling it an “eco crypto mining” or “ecomining”. The developers also plan to sell heat, fertilizers, and recycled materials to maximize profitability.
In total, Zeus expects to generate 38,648,000 Kw/h per year, creating a total of 13,308 BTC per year and a net annual profit of 53,239,659 EUR.
How Does Zeus Work?
Starting in January 2018, Zeus will purchase and rent land in Dresden, Germany’s industrial zone. In January-February 2018, they will design and obtain documentation for permission of land use. Between March and August, they’ll construct the factory and all associated machinery. By the end of 2018, they plan to receive and recycle garbage, ship finished goods, and mine cryptocurrency, with the first tokens buyback programs beginning in December.
Zeus aims to raise 41,620,000 EUR during its ICO. The funds will be used to purchase land, construct the building, assemble mining equipment, and conduct all other related tasks.
It’s estimated that the project will have expenses of 2.44 million EUR per year, with a total revenue of 56.34 million EUR, leading to 4.4 million EUR of profit per month (after taxes).
The Zeus Token Sale
58 million Zeus tokens will be released in total. The pre-ICO will set the tokens at a rate of 0.50 EUR per 1 ZEUS token. By the end of the ICO, that rate will rise to 0.90 EUR per 1 ZEUS token.
The pre-ICO started on October 1 and lasts until October 31, 2017. The ICO is taking place from November 20 to December 25.
There will be a total of 50.3 million ZEUS tokens sold during the crowdsale, out of a total supply of 58 million ZEUS tokens.
Once the company has created its factory and mining project, they plan to buy back 5 million tokens every quarter. The buyback will begin at a base price of 1 EUR = 1 ZEUS for the first 12 months. All tokens repurchased by the company will be burned.
In addition to the tokens for the presale, 10% of tokens will be distributed to the team when the factory is put into operation, and 6% of tokens will be distributed to the team quarterly after the purchase and disposal of investors’ tokens.
As a ZEUS token holder, you can participate in the project and its development while receiving a high and stable income.
Who’s Behind Zeus?
Zeus is led by Alexander Pilipenko, a Ukrainian entrepreneur who has participated in heavy industry, recycling, and energy projects since 2003.
Other key members include Boleslav Voytsekhovskiy, Head of Cryptocurrency Mining Direction. Boleslav is a Polish entrepreneur who started working with cryptocurrencies and blockchain in 2015, and organized the production and sale of mining equipment in Poland. There’s also Irina Prokhorova (CFO), who has 12 years of financial experience, and Josef Braun (CTO), who has extensive engineering experience.
Zeus Token ICO Conclusion
Zeus is seeking money to build a factory in Dresden, Germany. That factory will turn household waste into usable goods and electricity. The goods will be sold to customers, while the electricity will be used to mine cryptocurrencies.
To raise money, Zeus is issuing ZEUS tokens. The tokens will be bought back beginning at the end of 2018, when the factory is expected to start profitably mining cryptocurrencies.
Zeus does not currently have a factory in place. They expect to purchase land and break ground at the beginning of 2018.
You can learn more about Zeus or participate in the token sale today by visiting Zeus-Token.io.