polaris

Polaris is a mining farm that will be using its mining profits to buy back the XPR tokens from holders in order to burn them. The Polaris Token (XPR) is an ERC20 token built on the Ethereum blockchain & backed by a full-sized mining farm. The cryptocurrency mining farm is located in Croatia and it is simply conducting business using the Ethereum blockhain through the token XPR, giving a chance to anybody to make profits from the mining operation by buying the token. There is only 23 million XPR that will ever exist, and each token represents a share in our mining farm and will give the possibility to its holder to sell his/her share, or fractions of it, back to the Polaris project at a profit. At the end of the token sale in March 2018, the Polaris Project will start buying XPR back from the market and burning it. And with the repurchase rule that the farm has, the mining profits are expected to increase exponentially through time, meaning bigger amounts will be continuously coming to the market to buy-back & burn XPR. This means holders can set their preferred prices and sell their tokens at the prices they choose. Our full business plan is explained in details in our white paper.

The Polaris Token (XPR) is a representation of a share in the Polaris mining farm. Polaris Universal, the parent company, has already been doing cryptocurrency mining as a cloud mining service and decided to launch the Polaris project in order to create a way on the blockchain for everyday people to tap into the faucet of cryptocurrency mining and make financial gains from the net profit of the Polaris mining farm by simply holding the Polaris token. Cryptocurrency mining is a market that is characterized by its free competitive nature. For this reason, having a competitive advantage is crucial for a successful mining operation. The parent company of the Polaris project has enough skin in the game & several advantages which have been creating consistent profits in its existing mining farm, and are going to be used in the Polaris project in order to optimize the profits, thus optimizing the amounts that will be gained by holders. The Polaris mining farm business model allows for multiple income streams: Aside from cryptocurrency mining itself which is the backbone of the business model, the farm will also be engaging in wholesale & retail sales, along with using 20% of its net revenue to purchase & hold Polaris tokens which will be used to increase the size of the farm by selling them later and keep buying equipment to consistently increase the revenue. Additionally, 10% of the net revenue will be used to build a fully managed trading account that will serve as an additional stream of income for Polaris which will affect XPR holders positively. 85% of the net profit will be continuously used to buy back & burn XPR from the holders of the Polaris token. There will only be 23 million Polaris tokens ever in existence, and all unsold tokens after the token sale will be burned. XPR can be exchanged by people and the Polaris Project will be continuously buying back and burning the tokens from the market using 85% of the net profit of the Polaris farm. This means that the holders will be able to sell their tokens at their preferred asking price back to the Polaris project. Polaris is an ERC20 token built on the Ethereum blockchain.