Place/Date: Austria - November 13th, 2017 at 8:45 am UTC · 4 min read
Contact: Philip Dimitrov, Source: HydroMiner
Green energy crypto mining start up HydroMiner continues to witness a high subscription to its ongoing H2O token sale, already breaking several records along the way with still more than two days remaining on its ICO. At the time of writing on 12 November, the HydroMiner ICO has already sold over 958,00 H2O tokens, raising more than 8,000 ETH (currently valued at over USD 2.45 million) in just 25 days.
This impressive performance places HydroMiner among the successful ICOs to have launched in Austria. It surpasses the USD 2 million raised by Austria’s first ICO (an e-sports betting platform) in October. Austria is establishing itself as a great crypto destination in Europe.
The incredible demand for H2O tokens was apparent even from the opening day of the ICO, which drew in hundreds of participants in the first moments, buying tokens worth a record 1,874 ETH in only 30 minutes.
It has been apparent from the beginning that the HydroMiner ICO would be one of the most unique opportunities to present itself among blockchain enterprises, with its mission of an eco-friendly hydro power solution aiming to open up the complex world of crypto mining to the public.
With an existing operation providing the basis for profitability projections with real-world comparisons to alternatives such as cloud mining and home mining, the HydroMiner team presents a realistic business plan with a long-term perspective.
Led by the sisters Nadine and Nicole damblon, the HydroMiner management sets the standard for an open and transparent ICO, with regular face time with its community, through interviews and previews from their facilities. They are one of the very few ICO projects to fully welcome participants and supporters to tour their mining facilities in Austria, ensuring that the project actually exists.
They have also been forward and prompt in informing supporters about developments to HydroMiner, most particularly when the tokenized model of profits was revised to better reflect regulatory compliance.
The Damblons and their team have also been participating in blockchain conferences throughout the year, ensuring that the HydroMiner project’s profile continues to be public, and taking their vision to the masses.
The surge in demand for H2O tokens during the ICO is likely to also be partly owing to HydroMiner’s commitment to ensuring that its operation achieved long-term feasibility in terms of business legitimization and sustainability.
Since the conclusion of the pre-sale, HydroMiner has worked tirelessly to protect its investors by making sure that HydroMiner would be able to operate for many years to come, generating value to every stakeholder, token holder and the local communities it aims to support.
In engaging Austrian legal firm and ICO regulation experts Stadler Völkel, HydroMiner has demonstrated its willingness to be fully prepared to navigate the ever-evolving environment of regulatory, financial and legal frameworks. It recognizes that ICOs are a new tool in finance that must be proactive in complying with often fast-changing regulations.
With less than 70 hours remaining, it’s not too late to grab your share of HydroMiner’s H2O tokens at its token sale page. From there, all contributors will need to agree to terms and conditions, and whitelist the Ethereum address and emails intended to be used. Non-whitelisted contributions will not be recognized.
Those who contribute from now to 15 November will still benefit from a 5% bonus on all token purchases.
HydroMiner started life little over a year ago as a modest mining rig run by sisters Nadine and Nicole Damblon in their own apartments in Austria. It has since grown into a large-scale mining operation powered by carbon-neutral hydro-power stations in the Austrian Alps.
It was here that they hit upon the idea of solving the unsustainability of an increasingly power-hungry mining industry thanks to exponentially increasing difficulty. Austria leads the world in renewable energy, generating the most renewable energy among EU countries. Currently, over 670 run-of-river power plants and 1,800 small-scale hydro power stations generate more than 60% of Austria’s electricity.
Hydro power is not only cheaper, it results in more savings when used as part of a flowing river water-based cooling system. It also has a carbon footprint 100 times smaller than that of conventional fossil fuel.
HydroMiner currently operates two hydro power stations near Vienna, the capital of Austria.
The HydroMiner token sale aims to raise funds to finance an expansion of mining capacity through the rental of more hydro power stations. Its tokenized model will also allow investors to participate in an industry-first initiative in eco-friendly crypto mining.