Global Mining Token ( GMT)

GMT Token is a token-based ether representing the right to purchase and trade the Cryptocurrency Mining Capacity, or Processing Power ("Hash Rate") at a discounted price on the Global Mining Platform Site provided by OR Realbit. GMT will provide cumulative and increased discounts when purchasing different Hash Rates for multiple crypto power. Token will provide a rebate for the purchase of Hash Rates of choice (ie BTC / BCH / LTC / etc.).

Hash Rate: The hash rate is the processing power measurement unit bitcoin Network Bitcoin should make intensive mathematical operations for security purposes. When the network reaches 10 hash levels That is, it means it can generate 10 trillion calculations per second. (https://bitcoin.org/en/vocabulary)

PROJECT HISTORY
W H I T E P A P E R O R R E A L B I T ORREALBIT.COM | GLOBALMININGTOKEN.COM It all started in 2012 when Bernardo Schucman, a self-taught computer scientist moved to California to look for new opportunities. After completing an official degree at Miracosta University, he made a purchase in the internet which had the option to checkout using bitcoin. Inherently interested in this new asset, he found out a new way of earning money using his area of expertise. He then purchased a dozen machines and installed them in his garage, where he saw his money begin to multiply. Bernardo found out he was a very skilled programmer, when it came to mining software which brought him to create his own, more efficient mining software.

It was in 2013 that he teamed up with longtime friend and partner Denis Mandelbaum to create a massive bitcoin mining operation: RealBit. RealBit raised over 30 Million USD in capital, bringing unheard of returns to private high net worth investors

2015 – The year where bitcoin had unstable pricing and the world was not fully aware of it, was the year that derivatives trader Raymond Nasser was introduced to Dennis Mandelbaum and Bernardo Schucman – who were already established bitcoin miners. After making an investment into their company, Raymond noticed the returns were much higher than conventional usual financial market instruments. Having managed various derivative portfolios for funds and family offices, he had the idea of selling hash rate, and educating people in his closest circles about bitcoin and mining. In early 2016 OR Blockchain Investments was founded to provide a formal investment vehicle for bitcoin mining investments. Investors would buy shares of its company, and hash rate would be allocated to them, where they would receive monthly dividends in bitcoin denominations. As a private equity project, OR Mining Fund has yielded a return of over 300% in only 15 months. As a result, Raymond today is a known speaker and presenter in the bitcoin world, mostly in Brazil and South America. However, establishing a private equity project fund was not enough as sales were done face to face and that took a long time – from explaining what bitcoin mining was to the contracts and investment process, one investor at a time. A new instrument needed to be created – one that would reach more people and show them that investing in bitcoin mining was indeed profitable if done right.

OVERVIEW OF THE GLOBAL MINING TOKEN AND PLATFORM PROJECT

The GMT Project came into existence from a joint venture partnership between the people behind OR Blockchain Investments, which offers managed investment structures and vehicles for the world to invest in cryptocurrency markets and instruments, and RealBit Mining, official Bitmain distributor and premier datacenter manager and provider of hash rate, who joined forces to create OR-RealBit. GMP aims to create, facilitate and maintain a global marketplace for hash rates as investment assets. Hash rate tokens will be sold at first, then be freely traded on our order book platform. GMT tokens will serve as facilitator offering cumulative discounts on hash rate tokens sold through the GMP. OR RealBit will be able to provide hash rate or processing power in all of the most popular cryptocurrencies in the market. Moreover, it will also through the Global Mining Platform provide the ability for token holders to sell and transfer their hash rate tokens to each other and third parties. If holders use the GMT token to buy hash rate tokens, then the GMT Token will be frozen until they sell those hash rate tokens. The GMT Token will be the first and only token to allow holders to enter AND exit cryptocurrency mining investments at any time at a cheap, profitable cost through its aggressive discounts.

OR RealBit´s hash rate comes from top tier data centers in mainland China, as well as Iceland. Our data centers employ state of the art technologies such as advanced efficiency cooling systems, dust free vacuum sealed environments and proprietary mining robots – guaranteeing a 94% efficiency/machine uptime rating, the highest in the market.

HOW GLOBAL MINING TOKEN (GMT) WORKS

For a full instructional video please refer to our website http://globalminingtoken.com/howitworks The GMT Token provides cumulative discounts on hash rate tokens on the Global Mining Platform. The more GMT holders purchase the bigger the discount. Hash Rate per Second Measures Gigahash = (1000*10^9) or 1 Billion hashes per second Terahash = (10^12 hashes) or 1 Trillion hashes per second Petahash = (10^15 hashes) or 1 Quadrillion hashes per second Exahash = (10^18 hashes) or 1 Quintillion hashes per second Each GMT token represents the right to purchase Hash Rate Tokens at a discount. Example: Token Price 0.05 Dollars

Cumulative Discount Table

Each Hash Rate Token (BTCgh) represents 1 gH/s worth of hash rate minus energy and logistics cost and rent fee. Hash Rate Revenue: The revenue created from mining your currency of choice Effective Energy Cost: The energy cost paid out to mine your currency of choice2 Logistics and Maintenance Cost: The cost maintaining the software, peripherals

and machines, including operational costs such as salaries, rent and repairs. Rent Fee: OR RealBit´s fee for managing the operation. BTCgh Hash Rate Token Revenue Model + Hash Rate Revenue – Effective Electricity Cost – Logistics and Maintenance Cost – Rent fee (15% of Net Value) = Payout Actual Real Life Example: Date: 10/15/2017 BTC Price: 5700 USD Difficulty: 1,196,792,694,099 Hash Rate: 1 Terahash/s (1000 BTCgH Tokens)

All expenses are automatically deducted daily from hash rate revenue, or mining rewards. Our datacenter engineers maintain and repair our equipment daily. Mining revenues and dividends will be paid out as long as revenues are greater than costs.

TOKEN PRICING AT ICO

GMT Tokens will be priced at $0.05 each. Discounts will be applied towards the purchase of multiple Hash Rate Tokens on the GMP Platform (BTC and BCH will be the first ones available). GMP PLATFORM The Global Mining Platform (GMP) will be a state of the art gateway to mining cryptocurrencies. Miners will be able to check their daily balances and have their mining returns delivered to wallets of their chosing. For the first time ever, token holders will be able to transact in Hash Rates. It will allow members to: 1. Purchase Hash Rate tokens 2. Allocate their Hash Power to mine the currency of their choice 3. Sell their Hash Rate tokens 4. Use their GMT Tokens to incurr a discount when buying Hash Rate Tokens Upon using the GMT token, it will be frozen until the user sells his Hash Rate Tokens. At that point GMT Tokens associated with that user will unfreeze and be allowed to trade.

Road Map

Team And Members

Advisors

FULL INFORMATION CAN SEE LINKS BELOW: Website: https://globalminingtoken.com/
Whitepaper:https://globalminingtoken.com/docs/GMT_White_Paper.pdf

Twitter: https://twitter.com/ProjectGmt
Facebook: https://www.facebook.com/GlobalMiningToken/

My profile: https://bitcointalk.org/index.php?action=profile;u=913491

Eth; 0x78b383c8944CE0CE0AF242E968080bcF1A72b7C8