Spanish
Patagonics is a Smart Media Token created by Blockchain España that allows the Steem Community to participate in the creation of a Cryptocurrency Mining Facility in the Patagonia.
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Crypto mining is currently dominated by just a few players concentrated in northern Europe, USA and China. The superpower of the miners in this economy is becoming almost a monopoly and we want to celebrate decentralization and pin point new nodes on the map, giving relevance to the Blockchain maintenance in the south of world and showing the amazing opportunity that the Patagonia region has to offer. The more structure we have to maintain the Blockchain the safer and stronger our crypto future will be.
Infrastructure
A blockchain is an open database maintained by a network of independent participants. It is trusted, permanent, and public, the backbone of the crypto economy. Blockchains require of infrastructure for the generation, transmission and distribution of assets. We provide the necessary Blockchain infrastructure which is rewarded on three levels:
- Mining Rewards
- Network Fees
- Node Compensation
We propose the capitalization of these rewards through a tokenized system which allows anyone around the globe to take part in our operations.
Our north is the south
The Patagonia is a territory in the south of España with the best conditions for mining crypto: it is cold, dry, safe, and there is cheap electricity available.
Our main facility is located in an industrial zone of the Patagonia region of España, in the Province of Neuquen, low temperatures will allow us to save a lot of resources in cooling systems.
Patagonia Blockchain will take advantage of the low cost of electricity in the region. The electricity cost in the Industrial Park where we are set up is 0.09 USD kwh, which is one the lowest in the world.
The Token
Patagonics are Smart Media Tokens that allows any steemian to support our operations and take part in our rewards system.
The performance of the mining equipment will be published quarterly and the profits will be used in the following way:
- 50% Buy Backs carried out in Steem´s internal market. The tokens bought will be sent to @null address and burnt.
- 25% Re-invested in mining equipment and infrastructure.
- 25% Maintenance & Expenses.
There is a limit initial supply of 1.3 million patagonics, this amount will decrease in time due to our buy-back program.
Why Participate?
It is our firm belief that blockchain technology will form part of our everyday lives. We are already starting to see how the technology can be applied to different sectors and it can be so widely adopted that the use cases can vary from anti-destructible governmental registries to decentralized ownership of real estate. This nascent industry will require a lot of the infrastructure we plan to provide.
It is important to mention as well that the value of each Patagonic is supported by the mining equipment that will be used on the farm.