Saon is a crypto-backed Stablecoin that will hold in its portfolio a number of different cryptocurrencies. With the majority of the proceeds Saon produces, we will re-invest back into the crypto exchanges. Saon will hold both large cap and small cap coins, selling and exchanging the coins we mine to increase Saon value and increase stake in each of the coins we are investing in utilizing both long term and short term investment techniques. Saon will also have 100% financial transparency posting what Saon holdings are and amounts held. Saon will always hold a minimum of 50% Bitcoin in its asset group to stabilize the overall value of Saon as well as a complete portfolio of different cryptocurrencies.
Saon’s mining operation will be conducted using ASIC and GPU hardware for added versatility in an evolving marketplace, with the purpose of mining the most profitable coins possible, then exchanging those coins for more stable cryptocurrencies. Solar energy will also be utilized during “Peak Hours” of operation to ensure that the overall cost of conducting mining operations will be at the lowest cost available.
Saon’s goals are to increase stake in the cryptocurrency ecosystem thus increasing the value the value for Saon. We feel that the entire crypto-economy is linked together, this is why we feel that Saon is a natural evolution in the crypto market. Holders of Saon can be confident that the portfolio of Saon will continue to increase over time as the mining operations will ensure that more crypto will be deposited into the portfolio account. A stablecoin that is backed by other cryptos and all stays on the blockchain.
