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FiveStarMiningNetwork is a new cryptocurrency mining network that aims to buyback tokens from investors each month using revenue generated from mined coins. The team plans to use the funds raised in the ICO to set up and launch Bitcoin and ERC20 token mining process. Some part of the revenue made from selling the mined crypto coins will be used to cover utility bills, maintenance, and other expenses, while the remaining part will back up the buyback scheme. During buyback, the team plans to buy FSMN coins on exchanges directly back from investors on a monthly basis, suggesting that the more coins are bought back, the more valuable the coins that remain in the market become.
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Company Information

Category
Mining
Country
United Kingdom
ICO Phase
Ongoing

Crowdfunding

Symbol
FSN
Total supply
10000000000
Blockchain
ethereum
Start date
12:00 1 August 2018
L
I
V
E
End date
11:00 31 December 2018

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