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FAQ's

What is HashGains Token? #

HashGains token (HGS) is an Initial Coin Offering that is released by HashGains (a venture of Futuristic Internet Service). There are around 500,000,000 HGS tokens for sale that are issued on Ethereum platform. HashGains token (HGS) represents 1 share in the company. HGS will be publicly traded during ICO in four rounds. Following are the details –

  • 5,000,000 HGS will be reserved by HashGains team
  • 4,000,000 HGS will be reserved by partners
  • 1,000,000 HGS for bounty program during ICO rounds
  • 1,250,000 HGS for referral program during ICO rounds

What is the minimum investment we can do for HashGains Tokens? #

Depending on the type of sale, miners need to invest their money for HashGains token. There will be four phases of token distribution and the prices of token will be as follows –

Contribution Tier Token Price Discount Additional Incentives Dates
30-50% $0.70 30% 1 GH/s of Bitcoin (BTC) or Bitcoin Cash (BCH) Hash Power for 10 tokens purchased for 24 Months 26th Jan 2018 (00:00 EST) to 28th Feb ,2018 (23:59 EST)
20-40% $0.80 20% 1 GH/s of Bitcoin (BTC) or Bitcoin Cash (BCH) Hash Power for 10 tokens purchased for 24 Months 1st Mar 2018 (00:00 EST) to 31st Mar ,2018 (23:59 EST)
10-30% $1.00 $1 per token 1 GH/s of Bitcoin (BTC) or Bitcoin Cash (BCH) Hash Power 1st April 2018 (00:00 EST) to 30th April ,2018 (23:59 EST)
Final Sale $1.25 No Discount

Is there any Bounty or Affiliate Program? #

Yes, there is a bounty or affiliate program provided by HashGains ICO.

What Payment mode is accepted for ICO? #

Credit/Debit card, Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are some of the payment modes accepted by HashGains ICO.

Which exchanges will offer your Coin? #

Kucoin and HITBTC are the expected exchanges that will offer you coins.

How can I be sure that it is not a scam? #

Unlike other companies that are new to this industry, HashGains is a known name in the cryptocurrency market. Backed by Cyfuture India Pvt. Ltd. (a renowned name in running and managing the data centres with an extensive experience of over 15 years), HashGains is a leading and transparent cryptocurrency cloud mining company for investors. For your queries, you can visit https://www.hashgains.com/faq and get a surety that HashGains ICO is worth an investment.

When will be the payout begins and how will they work? #

Tokens will be transferred within 24 hours of successful token purchase confirmation.

Which currency is mined? #

With HashGains, you can mine most of the top-notch cryptocurrencies, namely Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Monero, and Zcash at competitive prices. To start mining with your favorite cryptocurrency, all you need to do is register an account, select a mining purchase plan as per your budget, buy hash power, and start earning profits.

What makes HashGains different? #

HashGains is going to launch two green data centres in Canada and India. We are planning to make use of renewable energy resources like solar and wind in order to create an eco-friendly mining environment. India and Canada are hub of wind and solar energy, and provides green power at very competitive prices of $0.06 per kWh. This is how HashGains is different from other mining companies and worth an investment.

What is the purpose of token sale? #

The purpose of HashGains (HGS) token sale is to raise funds for its upcoming green data centres in India and Canada. HashGains is going to establish world-class green data centre that will be equipped with world’s first powerful mining hardware.

Is there any limitation to token sale? #

There are around 500,000,000 HashGains (HGS) tokens for sale that will be distributed in four phases. The limitation token cap is 350,000,000.

What are the Pros and Cons of Token Sale? #

HashGains token sale is all set to innovatively use the blockchain technology that will empower millions of applications and users, and rise global concern.
Pros

  • For cryptocurrency business, mining is a comparatively stable business. It distinguishes HashGains ICO from other ICOs that either don’t have an innovative and planned idea or they require numerous factors in order to work out for any business to become profitable.
  • The electricity cost using solar and wind energy is much lower. This is one of the biggest advantages over other mining operators that have much expensive cost of electricity.
  • HashGains ICO benefits the environment by making it eco-friendly, using solar and wind energy. This also minimizes the total mining operation costs.
  • The HashGains team are already successfully running mining data centres. Thus, they have a knowledge of running and managing the data centres efficiently.
  • The raised funds by HashGains ICO will be used in order to increase the mining operations. The HashGains ICO using a clear path for increasing its revenue.
  • Stakeholders or investors in the cryptocurrency community are becoming aware of the impact that causes due to the mining. In case, the cryptocurrency community supports HGS token then it can help to sustain the long-term value of token.
Cons
  • HashGains has been mining some of major cryptocurrencies, such as Bitcoin, Bitcoin Cash, Ethereum, Zcash, Dash, Litecoin, and Monero. Owing to the surging price, Bitcoin, Bitcoin Cash, and Ethereum has been popular cryptocurrencies in the past years. HashGains ICO is based on the Ethereum network. There is also an uncertainty that in the near future Casper introduction to the Ethereum network will be able to move PoS mechanism instead of Proof-of-Work. As Casper has a different concept, in case, Ethereum does not prove viable, then HashGains ICO might switch to some other cryptocurrency in order to mine.
  • Mining is a competitive business that is increasing rapidly and getting dominated by some large mining operations. These mining operations have some significant economies of scale and an access to low electricity costs. Therefore, it would be interesting to see that how much HashGains ICO will be able to compete against this.

Can I see the pictures of the data centres already in Practice? #

Yes, you can see the pictures of HashGains data centre that are already in practice. To take a look over the pictures of mining data centre, visit https://www.hashgains.com/data-center

Where will be the new data centre launched? #

New data centres of HashGains ICO will be launched in Canada and India. As India and Canada are hub of solar and wind energy, therefore these renewable energy resources will be used to build the green data centres.

Can you let us know about the parent company? #

The parent company of HashGains is Cyfuture India Pvt. Ltd. It is a renowned company that has over 15 years of experience in running and managing the data centres.

What are you going to use the ICO Funds For? #

The funds collected through HashGains ICO will be used for building eco-friendly mega data centers in India and Canada with a combined capacity of 75 MW. HashGains ICO is going to make use of renewable energy resources, such as solar and wind energy in order to generate electricity.

When will I receive my HGS? #

You can purchase HGS in four sales – Pre-sale, Main Sale Tier 1, Main Sale Tier 2, and Final Sale. Post making payment of HGS token in a sale, you will receive your HGS.

Is HGS ERC20 Compliant? #

HashGains platform is based on Ethereum, so yes we are ERC20 compliant.

How can I use the HashGains Token after the ICO? #

After ICO, you can purchase the mining plan of your choice from HashGains or you can exchange HashGains (HGS) token from various renowned cryptocurrency exchanges.

When can I sell HashGains ICO token? #

You can sell HashGains ICO token after the completion of four sales that means in the month of April.

How much profit is expected from HashGains ICO? #

In the current year, the HGS token price is $1. Then, in the second year, the presumed token price will be $10, followed by $15 in third year, $24 in the fourth year, and $30 in the fifth year.

What will be the minimum token we need to purchase? #

You need to purchase minimum 100 HGS tokens from HashGains ICO.

Is HashGains a reliable group? #

With state-of-the-art mining data centers, HashGains is a trustworthy cryptocurrency cloud mining platform in the market. It is backed by Cyfuture that has over 15 years of experience in running and managing the data centers.

Do I need to provide KYC documents? #

If the legal requirements arise in future you may be asked to provide the identity documents (Photo ID, Address Proof, Passport, Driving License... etc) for your identification for initiating the process of KYC.

Is it mandatory to update KYC for ICO? #

Yes, it is now mandatory to update your KYC details on the ICO site before you can go ahead and purchase tokens online. The Securities and Exchange Commission (SEC) of the US has made it binding for all ICO exchanges to follow the KYC process and the ones which violate the regulations will be prosecuted.

Can I reinvest with your ICO? #

Yes, you can reinvest in HashGains ICO. In case you have already purchased HGS tokens before, you can again participate in the crowdsale. There is no restriction for investors as such and since the presale is about to come to a closure, existing users can again register for the Main Sale which starts on 1st March 2018.

How does the Affiliation or Bounty Program of HashGains ICO work? #

HashGains is offering unique referral program where by referring your acquaintances may get you additional hash power as well as HashGains utility tokens. For more information please visit https://www.hashgains.com/ico/referrals. Also we are offering a bounty program where a significant fraction of our total utility tokens are reserved for people who shall popularize our cloud mining service as well as our utility token by using social media such as Facebook, Twitter, YouTube, Instagram, etc. You need to go out at this link https://www.hashgains.com/ico/bounty_program for more information.