Project of superlatives: the world's biggest Mining Farm is to be built at Itaipu power plant

the Paraguay turns out to be the crypto sponsor. In cooperation with the South Korean "Commons Foundation" is to be built on a total of 50,000 square meters, the world's largest Mining Farm. Investors can gain by participating in an Initial Exchange Offering (IEO) shares in the profit.

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26. November 2018 share Facebook Twitter LinkedIn xing mail

according to a press release, the Commons Foundation already on 6. November, the rights for the construction of a Mining Farm in Paraguay secured. Accordingly, the Paraguay provides the government a total of five locations, each with a 10,000 square meters for the realization of this major project.

The Commons Foundation is planning the construction of the Farm in the vicinity of the Itaipu hydroelectric power plant, which is located on the border with Brazil. The power plant with an annual production 103.1 terawatt-hours (TWh) as one of the most powerful works of all time; prior to the energy shortages, the Farm is immune, therefore, to the extent possible.

"Paraguay only ten to twenty percent of the Itaipu hydroelectric power plant produced electricity is self-consumed. More than 80 percent is exported. We will build the biggest Mining Farm in Paraguay, and the clean energy [from the plant],“

tells Choi Yong-Kwan, President of the Commons Foundation.

The funding is to be made to the press release, in the Form of an IEO. Investors can invest accordingly in advance through the purchase of a Security Token to the financing of the "Golden Goose", as the project is called,.

About 30 percent of the profits generated from the Mining shall be Pro-rata distributed to the buyer. The Commons Foundation is according to the report, on the more unknown crypto currency micro bitcoin (MBC).

Also, crypto-stock exchange is planned

in addition to the Mining Farm, the Foundation also plans the creation of a crypto-stock exchange. In the press release, a superlative after the next, because the Exchange is supposed to be one day, "the largest in the world". If the planner can't take the mouth at this point and the project actually Binance, remains to be seen.

Choi Yong-Kwan, however, is confident:

"With the Golden Goose Project, we will create a new world-class Ecosystem, the world's largest Mining currencies Farm for Crypto, as well as the world's largest crypto-exchange to run."

Whether the Foundation is closing reserves finally right, is beside the point. It is clear, however, that the project is an important step for the further development of the crypto-Ecosystem in South America.