What Is Pieta Network?
Pieta Network is a new blockchain company that invests in solar energy and is currently having an Initial Coin Offering (ICO). The company was formed because of a problem in the cryptocurrency industry: it is currently very energy consuming to mine cryptocurrencies.
The life of the cryptocurrencies, the company affirms, is directly linked to electricity, so it is troublesome that they have to spend so much energy to work and this might cause some problems in the future that might affect their capacity to survive and continue to be useful.
Because of these issues, Pieta Network decided to come up with a solution: use of renewable solar energy and the new X20 algorithm, to keep the mining equipment cooler, in crypto mining process. The developers believe that the solution will result in increasing the life of the mining equipment and in turn the profit of miners.
Pieta Network mission is to drive adoption of blockchain powered renewable and efficient energy solution for businesses of all scale and size. At the same time, Pieta envisions to make Mining a profitable and attractive affair for everyone irrespective of the individuals technological and financial prowess.
- Ensure fasttrack adoption of Green Energy Sources.
- Make Solar Energy the key energy source for efficient businesses operations.
- Drive Awareness Programmes to educate one and all about the present and future benefits of a smart, sustainable and comprehensive energy system.
How Pieta Network Works?
The company is currently having an ICO to create its own cryptocurrencies and obtain funds that will be used for the project development.
The tokens will be made using the Ethereum technology, these tokens can be used for holding. You hold them and you will be able to profit together with the company when it sells the energy that it will produce and sell in the market.
The enterprise can be considered profitable exactly because its cost of production is not as high as using standard electric energy. Thus, Pieta Network enables users to engage in quick and cost-effective blockchain mining for amazing returns.
Benefits to token holder
Pieta Network offers benefits to its token holder as follow:
- Multiple Revenue Streams for the investors and holders of Pieta tokens, in the form of access to a Point of Sale network of merchants/businesses accepting Cryptocurrency payments (transactions) around the globe.
- Maximizing the adoption of cryptocurrencies through futuristic integration with other blockchains.
- High Mining Rewards at substantially lower investment of cost and time. Use of solar energy keeps the mining cost low while the X20 algorithm produces more output at lower energy consumption.
- Pieta token is capable of Trading on a number of major crypto exchanges
Pieta Network's PITC Token ICO
The PITC tokens will be ERC20 utility tokens that will be able to be bought by investors who want to get shares of the company’s profit. These dividends will be sent to their wallets via smart contracts in a safe way. All that they have to do is to buy the PITC tokens and then hold them. The company has created 18,000,000 PITC tokens, which will be distributed in the following manner: 50% of the tokens will go to the ICO, 33% Bonus, 10% Total Reserve, 5% Pre-ICO and 2% Airdrop.
Currently, It is on the pre-ICO phase. The total of 900,000 tokens is available on this phase with the initial price of $0.25 to $0.75 equivalent to BTC or Dogecoin. An exclusive bonus of 40% will be given to all the pre-ICO buyers. This phase will end on May 14, 2019.
Meanwhile, the ICO phase will will be held in 6 phases between May 15 and November 14, 2019. The price per token at the time will be $1.5 to $5 equivalent to BTC, Dogecoin or ETH. The total of 9,000,000 tokens will be available to purchase. The company will spend part of the funds raised during the ICO for Branding and Marketing (35%), Development & Infastructure (20%), Investment & Charity (20%), Group Operations & Administration (15%), Legal & Finance (5%), and Platform Operations & Security Audits (5%).
If you buy the PITC tokens soon, you will save about $1 to $4 per token.
Who Is Behind Pieta Network?
Curious to know the minds behind this project? Rawi R. Alsayed is the investor and founders of the company. Mahmoud Ramadan is the CEO and Blockchain Leader. They have the backup of Islam Khairy (Senior UI/UX Designer), Azedine Alexander (Networks Administration & IT Security), Mohab ElSayed (COO), Ali mo (CSO), and Amed salioy (Blockchain Developer).
Conclusion
Pieta Network sounds like a good investment. It doesn’t do anything revolutionary but does it need to? It is offering a good product. You just fund the company and get your shares later. It seems like a good deal. The people working on the company have a respected career, so it looks like you will not be having many risks by investing in Pieta Network.
For More Information Click Link Bellow:
Website: https://pieta.network/
White paper: https://pieta.network/WhitePaper.pdf
Facebook: https://www.facebook.com/Pietacoin/
Twitter: https://twitter.com/pietacoin
Telegram: https://t.me/pietacoin
Youtube: https://www.youtube.com/channel/UCNCcxW9MwZc6UFqdPhuBkAg
Linkedin: https://www.linkedin.com/in/pieta-coin-308ab0179/
Medium: https://medium.com/@pietacoin
Instagram: https://www.instagram.com/pietacoin/
Author:
Bitcointalk Username: brotherhood12
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2049688
ETH Address: 0xe7cbfaFdb7371CF7211A6Ba6d0d46e6175728ab2
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