FACITE-Blockchain Business Model in Kazakhstan

Blockchain technology has gotten to the level in which the whole world cannot do without it. We have discovered that this technology is making the news headline everyday which symbolizes global and rapid adoption of this technology. But despite the greatness and potential of this technology, there are still some things that needed to be improved upon its use. We have several and different blockchain network such as bitcoin blockchain, ethereum blockchain, eos blockchain, tron blockchain and some other more. The level of difficulties associated with each of this blockchain network varies based on the type of blockchain.
We have some blockchain that are more cumbersome and difficult to use than some others, we also have some that easy to use but they are lacking some other qualities. Let’s take for example the speed of transaction which is solely dependent on the nature of blockchain transaction. Some transactions do take several hours before it could be confirmed on the blockchain network, some blockchain also charges high transaction and mining fees. This is the reason why a new team has gathered around to rectify this problem by launching a new blockchain project known as
FACITE

The Facite Foundation builDS and operates a mining center in Pavlodar, Kazakhstan based on geographical conditions, government policies, and electricity schemes for the mining industry. The mining center can accommodate up to 2 million mining machines with a size of 180 hectares (ha) and can be expected to produce stable and consistent revenue generation based on cheap electricity.

Some of the revenues from the mining center are shared with Facite token holders and the profits from the Facite Foundation’s projects in Kazakhstan are also allocated to the community.

Facite Foundation’s Business Model and Dividends

The Facite Foundation also operates Kazakh bus cards and solar power plants. The solar power plant will be built in Almaty, one of the three major cities of Kazakhstan. The Facite Foundation will receive and provide a portion of the profits generated in these two projects to Facite token holders.

Holders of Facite tokens will receive dividends of the profits earned from the Pavlodar Facite mining center, the Shimkent City bus card project, and solar power plant project. The profits allocated to holders can be checked in detail through the Facite Foundation’s dividend chart

Solar Power Station

Promoting the renewable energy business of the government of Kazakhstan

KHAN 21 HOLDING entered the field of solar energy. Purchase of a business license

Selected as an investment corporation – the Talgar city, a solar power station and a project area of a hydroelectric power station

The first pass gate of Korea in Kazakhstan to the final report of the Ministry of Commerce, Industry and Energy

Transport Payment Card

Acquired license for INNOB CO., Ltd

Introduction and operation of a public transport

It is planned to introduce the U-payment system

Data Center

Optimum environment, low-cost electricity

Electrical equipment data center with the support of the city

About 2 million mining machines are available

49-year lease contract

Token Details

Category: IEO

Token Name: FACITE

Token Symbol: FIT

Price: 1ETH = 30,000 FIT

Bonuses:

IEO Primary – 10%,

IEO Secondary – 5%

Total Supply: 5,000,000,000

Soft Cap: 400,000,000 FIT

Hard Cap: 2,000,000,000 FIT

Facite will be doing IEO in https://www.namebit.co.kr/ exchange on 27th to 29th of May.

The next IEO round will be announced in different exchange soon!

Token Distribution

Tokens will be distributed as follows:

40% will go on sale

20% of the company’s operating activities

10% team members

10% marketing

10% to developers

5% advisors

5% reserve

Tokens issued to team members and consultants will be blocked for 6 months from the first day of listing on the stock exchanges.

This concludes the review. In conclusion, I would like to say that such a global and effective project will make a breakthrough in the cryptocurrency sphere and bring profit to its investors in the near future.
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ROADMAP

Q2 2018