Swiss Alps Mining

2018-05-22 - 2018-07-27
Industry: Platform

Swiss Alps Mining

Swiss Alps Mining & Energy

The blockchain community worldwide faces strong headwinds due to the very energy-intensive mining process of crypto currencies and blockchain-based business applications. At the same time, in the Swiss alps, thousands of unused structures are disintegrating due to the fact that today’s spatial planning law does not allow for residential use of these buildings.

Swiss Alps Mining & Energy connects these two worlds by offering environmentally friendly mining facilities in unused buildings in the Swiss alps, powered by renewable energy only.

Swiss Alps Energy AG will hold an Initial Coin Offering (ICO) in early 2018. The funds raised in the ICO will be used to finance the development and expansion of the mining facilities and to acquire holdings in hydropower plants. The SAM token, Sam, is an ERC20 token. It can be used as means of payment within the SAE mining and service universe and will be tradable outside the SAM platform on all relevant exchanges.

Swiss Alps Energy AG (SAE) – the company

Swiss Alps Energy AG (SAE) is Swiss Alps Mining & Energy’s operating business. Members of the team come from fields such as blockchain technology, crypto currency mining and hyperledger applications developers and specialists, as well as civil engineers, infrastructure engineers, and energy experts. The team has successfully developed and launched several products, solutions and applications based on the blockchain technology. The company is currently going through the application phase in order to become a member of a Swiss self-regulatory organization (SRO).

Swiss Alps Energy AG is a distributed ledger-based energy supplier and an operator of flexible modular mining infrastructures that are intended for longterm stationary use. Thereby, SAE preserves the
aforementioned unused buildings in the Swiss alps and uses them sensibly and without interference with either building structure or the environment.

Timetable

Milestones

  • 2017-10

    Work on project commences.

  • 2018

    Commissioning and leasing of first cloud-mining cubes.

  • 2018-02

    Founding of AG.

  • 2018-03

    First cube running.

  • 2018-05

    ICO private sale.

  • 2018-07

    Further cubes.

  • 2018-07

    Project identification processes and KYC.

  • 2018-10

    Development of SAM mining pool and SAM platform.

  • 2018-10

    Purchase of first power plant.

  • 2019

    Ppower production.

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