FACITE - Blockchain Business Model in Kazakhstan

There are several regions that are considered non-optimal for mining, such as China. Population density and high activity occurring there make the network system in the country less suitable for use in mining activities. Then it led to the idea of finding a new mining site, which would be very strategic and supported by many factors, especially geography. The Central Asian region is the most suitable choice, where Kazakhstan will become a new mining center. The ideal environmental conditions and adequate availability of resources make this country in accordance with the required criteria. Therefore, the government of Kazakhstan has finally agreed to build a digital asset extraction infrastructure in its country to help improve its economy by attracting digital elements.

Facite, established by the government of Kazakhstan is aimed at the control and supervision of the entire activities of the trade digital currency and mining. The Facite Foundation built and operates a mining center in 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.

The main goal of the Facite investment project is to develop the financial and economic environment in Kazakhstan using blockchain technology.

Blockchain mining involves adding transactions to the existing blockchain ledger of transactions distributed among all users of a blockchain. While mining is mostly associated with bitcoin, other technologies using a blockchain employ mining as well. Mining involves creating a hash of a block of transactions that cannot be easily forged, protecting the integrity of the entire blockchain without the need for a central system.

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

Promotion of renewable energy business of the Government of Kazakhstan.
KHAN 21 HOLDING entered the field of solar energy. Purchase a business license
Selected as an investment corporation - the city of Talgar, a solar power station and the projected area of a hydroelectric power station
The first pass of Korea’s gate to Kazakhstan to the final report of the Ministry of Commerce, Industry and Energy.

Transport payment card

Purchased license for INNOB CO., Ltd
Introduction and operation of public transport
Planned introduction of U-payment

Data processing center

Optimum environment, cheap electricity
Electrical data center with the support of the city
About 2 million mining machines available
49-year lease

The Facite Foundation built and operates a mining center in Pavlodar, Kazakhstan based on geographic conditions, government policies, and power supply schemes for the mining industry. The mining center can accommodate up to 2 million mining machines measuring 180 hectares (ha) and is expected to generate a steady income based on cheap electricity. Part of the income from the mining center is transferred to Facite token holders, and profits from the Facite Foundation projects in Kazakhstan are also distributed among the community.

(Token Details)

Category: IEO
Token Name: FACITE
Token Symbol: FIT
Price: 1ETH = 30,000 FIT
Total Supply: 5,000,000,000
Soft Cap: 400,000,000 FIT
Hard Cap: 2,000,000,000 FIT

Bonuses:

IEO Primary – 10%,
IEO Secondary – 5%

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!