BERKELEY,CALIFORNIA - Media OutReach -12 April 2019 - The Swiss Shakti Foundation issued today a note of caution to the public announcingthere is no imminent initial coin offering (ICO) of Shakti Coins. Earlyadopters should not be fooled by any individuals or entities claiming to haveaccess to Shakti Coins for purchase. Shakti Coins can only be mined. Therefore, no coins areavailable to be purchased from anyone.
Theregistration to mine the Shakti Coins will be opened on a country-by-countrybasis in the days to come. A limited number of power mining licenses will be available to activeminers in proportion to population. For instance, India, China and the U.S.will have equivalent numbers of power miners in proportion to their population and made available ona first-come, first-serve-basis.
ShaktiCoinencourages the enthusiasm surrounding Shakti Coins but wants to encourageeveryone to pay attention to the details and avoid purchasing fake coins.
TheShakti ecosystem is engineered to hold a stable value of USD 5.00. Therefore, there is nopossibility or opportunity for pump and dump plotters.
Distributed Mining Ownership
TheShakti Network will always be 100 percent owned and operated by the public. Any person or entitycan participate as a node operator (miner) of the Shakti Network. The ShaktiFoundation has preserved Satoshi's singular mandate of inserting ownershipwithin the hands of the node operators. The mining of Shakti Coin isdemocratically distributed across the world and reinforced by node operation atthe rate of one node license for a natural person. The Berkeley, Calif. officehas the mandate to achieve regulatory compliance and ensure fair allocation of nodes(miners) worldwide.
ThePoE protocol replaces Bitcoin's power-hungry protocol without compromising onsecurity. For example, a computer dedicated to mine Shakti Coin with T400 PowerMining license would consume about the same power as an email server, yet potentiallycapable of producing a projected mining income of USD $10,000++ per month inequivalent value in SXE within 18 months.
Only www.shakticoin.com candistribute Mining licenses. Please be aware ofphishing email invites or fake websites with "close enough" URLs (ex: ). This sort of thing has become common, so we urgepotential miners to pay attention to the details.
Miningof Shakti Coin will be limited, especially at the outset. The number of miningslots available will grow with the network. Right now, the Shakti ecosystemwill only accept a handful of Power miners on a first-come-first-servebasis.
The Shakti project is aninternational grassroots initiative that exists independent of any affiliationwith industry, government, religion or political party. The Swiss Shakti Foundation is a public benefit organization based in Zug, Switzerland tasked toprovide impartial oversight of the Shakti ecosystem.
Learn more at https://www.shakticoin.com.
- Picture is available at AP Images (http://www.apimages.com) -
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Shakticoin Issues Note of Caution to Public Clarifying Who Can Have Access to Shakti Coins
ShaktiCoin Issues Note of Caution to Public Clarifying Who Can Have Access to Shakti Coins