HydroMiner Token Sale Starts October 18th – Austrian Regulators Approve

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After a successful pre-sale that raised 1,500 ETH in just 36 minutes, HydroMiner is starting its public token sale on October 18th, 2017, at 10.00 UTC (12.00 Central European Time).

Since their successful pre-sale, HydroMiner have fine-tuned their token sale model to ensure compliance with all relevant Austrian legal regulations. They are currently incorporating as Limited Liability Company in Austria.

“We are happy to have found a capable legal partner in Dr. Oliver Völkel of the Stadler Völkel law firm. ICOs are unchartered territory and it is difficult to navigate the landscape of regulations and legal and tax frameworks. It’s important for us and our community to have the token sale stand on solid legal ground” said Nadine Damblon, CEO of HydroMiner.

HydroMiner is one of the first ICOs based in Austria. HydroMiner’s goal is to bridge green energy with crypto mining profitability. HydroMiner was launched in 2016 by sisters Nadine and Nicole Damblon, who quickly grew a mining operation from their apartments into a large-scale mining operation, consuming electricity from carbon-neutral hydro-power stations in the Austrian Alps. The Damblon sisters realized that the most lucrative price for electricity is available when you are next to the source generating it.

Austria has been on the forefront of the focus on renewable energy. Among countries in the European Union, Austria leads the pack when it comes to the percentage of electricity it generates from renewable sources. At present, more than 670 run-of-river power plants and some 1,800 small-scale hydro power stations are in operation, which generate approx. 60% of Austria’s electricity needs.

For crypto mining, utilizing hydro power has major advantages. Not only does it offer cheaper energy, but it also saves money on cooling, because the water from the river is used. Finally, using renewable energy lowers the carbon footprint of the mining operation.

Eco-friendly Cryptocurrency Mining in the Austrian Alps

At the moment, HydroMiner operates in two hydro power stations near the Austrian capital of Vienna. The founders of the project are now working on expanding the mining capacity by renting more hydro power stations. To finance this expansion and let investors participate in the mining business, a token sale is planned for early October.

HydroMiner Token Sale

On October 18th, 2017 HydroMiner starts the crowd sale of the H2O token, representing a voucher that can be exchanged into mining time in 2018. Acquisition of the mining contracts will allow token sale holders to receive mining profits from a fully running mining operation.

H2O is an Ethereum ERC20-standard token that can be purchased with Ether. The complete details on the token sale are available at the official website at hydrominer.org. .

The HydroMiner vision is to become the world’s leading green crypto mining company – be part of it.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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