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ShaktiCoin Issues Note of Caution to Public Clarifying Who Can Have Access to Shakti Coins

Press Trust of India  |  BERKELEY 

-AsiaNet/--

The registration to mine the Shakti Coins will be opened country-by-country in the days to come and Shakti Coins are not available for purchase The issued (https:hakticoin.com/en/) today a note of caution to the public announcing there is no imminent initial coin offering (ICO) of Shakti Coins. Early adopters should not be fooled by any individuals or entities claiming to have access to Shakti Coins for purchase. Shakti Coins can only be mined. Therefore, no coins are available to be purchased from anyone.

Logo: https://mma.prnewswire.com/media/870860/Shakti_Coin_Logo.jpg


Photo: https://mma.prnewswire.com/media/870860/Shakti_Coin_Logo.jpg

The registration to mine the Shakti Coins will be opened on a country-by-country basis in the days to come. A limited number of licenses will be available to active miners in proportion to population. For instance, India, and the U.S. will have equivalent numbers of power miners in proportion to their population and made available on a first-come, first-serve-basis. ShaktiCoin encourages the enthusiasm surrounding Shakti Coins but wants to encourage everyone to pay attention to the details and avoid purchasing fake coins.

The Shakti ecosystem is engineered to hold a stable value of USD 5.00.

Therefore, there is no possibility or opportunity for pump and dump plotters.

Distributed Ownership

The Shakti Network will always be 100 percent owned and operated by the public. Any person or entity can participate as a (miner) of the Shakti Network. The Shakti Foundation has preserved Satoshi's singular mandate of inserting ownership within the hands of the node operators. The of Shakti Coin is democratically distributed across the world and reinforced by node operation at the rate of one node license for a natural person. The Berkeley, Calif. office has the mandate to achieve regulatory compliance and ensure fair allocation of nodes (miners) worldwide.

The replaces Bitcoin's without compromising on security. For example, a computer dedicated to with T400 Power Mining license would consume about the same power as an email server, yet potentially capable of producing a projected mining income of USD $10,000++ per month in equivalent value in SXE within 18 months.

Only can distribute Mining licenses. Please be aware of phishing email invites or fake websites with "close enough" URLs (ex: twtter.com). This sort of thing has become common, so we urge potential miners to pay attention to the details.

Mining of Shakti Coin will be limited, especially at the outset. The number of mining slots available will grow with the network. Right now, the Shakti ecosystem will only accept a handful of Power miners on a first-come-first-serve basis.

About ShaktiCoin:

The Shakti project is an international grassroots initiative that exists independent of any affiliation with industry, government, religion or political

party. The is a public benefit organization based in Zug, tasked to provide impartial oversight of the Shakti ecosystem.

Learn more at https://

- Picture is available at AP Images (http://www.apimages.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 15 2019. 12:26 IST
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