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Invemo aims to save crypto-mining industry

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Invemo aims to save crypto-mining industry
Source: Invemo

Zug-based cryptocurrency mining company, Invemo GmbH is set to enable professional miners and institutional investors worldwide to maintain high profitability amidst falling mining rewards.

Invemo GmbH is a Zug-based company that enables private individuals as well as companies to join the cryptocurrency mining industry in the most professional and cost-effective way. With the recent decline of the mining profitability, miners in the whole world, and especially in Europe where electricity as well as labor costs are the highest, have been struggling to maintain high profitability from their mining equipment. Invemo applies multiple strategies in order to solve this problem. Invemo’s team is currently consisting of 11 employees, but has extensive experience in crypto-mining since 2014.

Why Invemo Advances in Crypto Mining Peter Kubli, the company’s Co-Founder and CEO explains Invemo’s advancement over the other mining company’s the following way:

“Our main value proposition against other mining companies is our ability to combine Swiss quality with the lowest service price worldwide. We have heavily invested into infrastructure by building advanced mining centers with every possible feature including ventilation across the whole building area, air filtration, dehumidifiers that enable to maintain highest possible lifetime. We are currently hosting 3,000 units, but are capable of managing 50,000 mining units [Bitmain ASIC S9’s for example]”.

Along with the state-of-the-art infrastructure, Invemo also employs 7 members of stuff that manage the facility 24/7. Equipment management includes not only maintaining the operations but also maintenance service such as cleaning and wearables replacements.

Peter adds:

“We are not only providing industry leading equipment management for our customers, but also increase miner’s profits by adjusting the GPU or ASIC settings and running them with an inhouse developed software that allows us to switch between different algorithms or tokens depending on their profitability. As a result our customers obtain 30-40% higher profitability in comparison to other mining companies in the world”

Future Outlook Invemo is analyzing several strategies which would allow it to sustainably exist in the future which includes manufacturing its own mining equipment and supporting enterprise rendering providers.

Peter says:

“We are noticing a strong market consolidation in the blockchain space which forces projects with a weak business model or cost structure to close down and that does not only consider mining companies. Our team has to innovate if it wants to coexist which is why have already begun to develop our own ASIC miner and also actively test marketplaces that enable to trade computing power”.

Invemo GmbH: Chollerstrasse 21 • CH-6312 Steinhausen • Switzerland

Telephone: +41 76 775 46 94

E-mail: [email protected]

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Press Release

Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June

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Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June
Source: Pixabay

Ampleforth expected ticker symbol AMPL, announced today it will be the first initial exchange offering to be conducted on Bitfinex&Ethfinex’s token project launch platform, Tokinex.

Ampleforth’s whitepaper, co-authored by Manuel Ricon Cruz, a researcher at the Hoover Institute, introduces the Ampleforth protocol. Further context for understanding the implications of AMPL as a new type of synthetic commodity and economic theory is provided in the accompanying Red Book.

The appeal of digital assets like Bitcoin is that they are uncorrelated with traditional asset groups. But, among large-cap digital assets, there is a high degree of non-diversifiable risk and the price volatility of most cryptocurrencies mimic that of Bitcoin.

Evan Kuo, CEO, and founder of Ampleforth said, 

“We see Amples as having a near-term utility that naturally dovetails into a much bigger vision, and I can’t wait to see it unfold. The Bitfinex and Ethfinex user communities are among the best in the industry, and we are excited to work alongside the Tokinex team for Amples’ exchange debut.”

Ampleforth’s protocol receives exchange-rate information from trusted oracles and propagates that to holders of Amples by proportionally increasing or decreasing the number of tokens each individual holds according to the magnitude of the exchange rate fluctuations over the previous 24 hrs.

For traders, these changes in the exchange rate and quantity translate into changes in Ample’s market capitalization. Ultimately, unique trader behavior in response to the protocol’s incentives is expected to produce an asset price with lower correlation to Bitcoin than other digital assets.

Jean-Louis van der Velde, CEO at Bitfinex, stated 

“The Ampleforth project is fascinating to us with its refreshing vision to become a unique digital asset and serve as a potential future reserve currency. We believe it can provide a unique volatility profile, uncorrelated to other digital and traditional assets. This uncharted territory makes Ampleforth, and the team behind it, the perfect first project to list on Tokinex and we are excited to provide an opportunity for the community to be a part of it.”

Paul Veradittakit of Pantera Capital said,

“Ampleforth is interesting because there’s not another asset like it, so it will likely not be correlated with other large-cap cryptocurrencies. With more traders and enthusiasts entering the ecosystem since the last rise, there needs to be an option like AMPLs, which could reduce the risk for the entire space, and potentially attract more institutional interest.”

About Ampleforth

Ampleforth is a digital asset protocol for smart commodity-money funded by Brian Armstrong, True Ventures, Pantera Capital, and Slow Ventures. For more information, please visit our website.

About Tokinex

Launched in May 2019, Tokinex is the IEO platform of Bitfinex and Ethfinex that brings fair opportunity to participate in curated token projects. It gives qualified participants the chance to contribute to pre-vetted token sales directly from their personal wallet through common crypto assets, and with no personal data or funds held by the exchange.

Tokinex uniquely does not require tokens to pay an upfront fee for listing and following a successful capital raise are subsequently listed on the two exchanges as permitted by applicable law.

For further information please contact.

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