WHITE PAPER. For AFX Crowdsale AIRFORCE MINING 1

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1 WHITE PAPER For AFX Crowdsale AIRFORCE MINING 1

2 CONTENTS GENERAL INFORMATION... 3 MAIN ICO... 3 WHAT IS AIRFORCE MINING (AFX)... 5 MINING... 6 THE AIRFORCE OBJECTIVE... 8 BENEFITS OF AFX MINING... 9 EQUIPMENT USED MINING PROFIT SHARE AFX TOKEN UTILITY INFRASTRUCTURE REINVESTMENT SERVICE AND MAINTENANCE CORE TEAM THE AIRFORCE MINING CORE TEAM DISTRIBUTION OF MINED PROFITS AIRFORCE MINE LIFETIME MINIMUM INVESTMENT ROADMAP SMART CONTRACT PAYMENT RISKS LEGAL AIRFORCE MINING 2

3 GENERAL INFORMATION Airforce Mining- AFX Token Is an Ethereum Based Token (ERC20) that allows you to essentially buy and sell a percentage of the mining capabilities in the Airforce Mining operation. Initial Coin Offering (ICO) Refers to the Initial public Airforce Mining Token sale. Token Release Refers to a release of an amount of AFX (Airforce Mining) Tokens. Public ICO Will commence May 1st, am, Eastern Standard Time MAIN ICO Airforce mining is an environmental movement specializing in cryptocurrency mining and bringing renewable energies into the blockchain space. Phase two will see the release of the Airforce Exchange that will prioritize cryptocurrencies with a proven 'green' initiative, as well as funding support for alternate energy and environmental protection projects. Airforce Mining is a first of its kind project combining traditional and smart contract concepts along with block chain and performance algorithms for operations, by analysing market trends and events, to maximize efficiency and sustainability. The mining pool options are the platform's very own. The token is not a representation of the number of kilowatts or hash power but represents a percentage of the mining production and so grows alongside the company as opposed to having a stagnant production capacity. Once implemented, the generation of our own green electricity will result in a zero-cost energy output that can be directly forwarded on to AFX Wallets by means of higher distribution of cryptocurrency. This along with using natural ground cooled air to control the temperature of mining hardware will result in a more economical cooling resolution while enabling most collected energy to be used for crypto mining. Already in the company s possession stands acreage high in the hills of rural Queensland with conditions perfectly suited to this environmentally aware approach to cryptocurrency mining. This said approach, is something we believe the current cryptocurrency mining model has failed to contemplate as it is heavily dependent on fossil fuels as a source of power which is both unsustainable and AIRFORCE MINING 3

4 detrimental to our planet. If cryptocurrencies are to be our future, we must find an improved way of doing things while still providing financial and commercial incentive to investors and shareholders. This is the proposal the Airforce Mining project aims to fulfil. AIRFORCE MINING 4

5 WHAT IS AIRFORCE MINING (AFX) Airforce Mining is a renewable energy crypto mining solution offering tokens (AFX) that can be utilized to enable the AFX wallet they are stored in to received mined cryptocurrency. Storing AFX Tokens in the AFX Wallet allows you to take part in a large scale environmentally conscious project. Airforce Mining will distribute crypto in accordance with the percentage of tokens held in your wallet related to all AFX Tokens held in AFX wallets. Airforce Mining generates it own electricity to use for mining, drastically reducing the environmental impact of the underlying mechanisms associated with crypto currencies and digital assets. We are already partnered with electrical and automation specialists, accredited importing personnel and logistics and staff hiring business. You can be completely assured, knowing you are participating in a reliable network of business, driven by real people who are passionate about cryptocurrencies and the environment. AIRFORCE MINING 5

6 MINING When it comes to cryptocurrency mining there are various methods, but the most fascinating and profitable way this can be achieved is by using ASICs mining hardware. These ASICs devices are specially made and designed for the mining of Bitcoin and other cryptocurrencies and are currently more profitable than GPU and CPU techniques, for this reason, we have decided to use ASICs miners in our mining venture until these other techniques become more profitable. Other options such as the Dragonmint T1 miner will be used as soon as these become available. Why engage in joint mining with Airforce Mining? The main advantage is that you do not need to spend time servicing the mining hardware or any other article involved within the mining process, which requires a lot of time and effort. Hence, we offer a joint mining service which on average will be much cheaper than competitor running costs, enabling us to distribute more crypto to AFX wallets. Our farm will be fully self-sufficient in terms of energy consumption regarding mining, with little to no extra energy being needed to cool the mining rigs due to our use of natural thermal induction. This in turn allows more electricity to be used buy more miners to further increase efficiency and negate maintenance cost. Furthermore, mining with Airforce Mining has many advantages over other mining options such as home mining or unaccompanied mining undertakings. These ways of mining come with risks and expenses that directly affect the user and the return on investment. Below is a list of risks and unnoticed activities of home mining- -The continuous updating and maintenance of software and hardware -The space needed for a mining farm -The huge consumption of electricity -Constant noise and cooling requirements of hardware AIRFORCE MINING 6

7 -Sourcing reliable and proven equipment and the costs involved -Rent and additional internet costs The disadvantages of owing a commercial mining company- -The cost of electricity in most parts of the world is expensive and the largest ongoing expense in traditional mining solutions. -Generating our own green electricity will reduce this ongoing power cost to zero directly increasing our profit margin. -A significant number of specialists and authorities as well as a complete business are required for the building and running of the mine. -Our core team, along with its employees, possess the necessary skills that are needed to make this operation successful. -Huge mining infrastructure investments including facilities, personnel and insurances. -Our company already possesses property for which to begin mining and personnel who are intimately aware of how this process works and what is involved. We simply aim to expand in and eco-friendly way to produce growing profit outcome. AIRFORCE MINING 7

8 THE AIRFORCE OBJECTIVE Our main objective is to offer token holders and crypto enthusiasts with the easiest way of securing lifetime passive income while relieving the stress and impact that traditional cryptocurrency mining, and its underlying technologies, has on the environment. Allowing the everyday person to be participate in this new and exciting, environmentally conscious, way of cryptocurrency mining. Airforce Mining will generate a steady and growing income and distribute earnings transparently through blockchain and smart contract technology according to the ratio of AFX tokens held. We can provide a permanent passive income, geared to increase over time due to our expansion strategy, being, 30% of total mined cryptocurrency being put back into more infrastructure to increase mining abilities in an exponential manner. Each AFX Token enables the AFX Wallet it is stored in to receive crypto currencies mined by Airforce Mining. By purchasing AFX tokens and utilizing them, you will have the exclusive opportunity to receive mined crypto currencies, payed in Ethereum. The tokens will retain the ability to be traded on exchanges. AIRFORCE MINING 8

9 BENEFITS OF AFX MINING The main benefits of Airforce Mining are the removal of energy consumption costs as well as being an environmentally conscious alternative to a passive cryptocurrency income. This ensures a higher profit margin as well as a clean green conscience. Already at our disposure is land suited for this project, businesses relevant to the construction and development of the project, and driven personnel, determined to bring this vision to life. Benefits of Airforce Mining- -The complete absence of electrical expenditure, which is the main cost of crypto mining, leading to far greater mining profitability. -The environmental benefit of not using fossil fuels for power generation. -The absence of rent and other related expenses, also leading to greater mining profitability. -Low number of mining staff, allowing our employment costs to be inconsequential. -The exponential growth of the mine due to our expansion strategy, the ongoing reinvestment of 30% of mined crypto being put back into infrastructure to constantly increase the overall mining ability. -AFX Token holders have the choice to utilize Tokens as a means to passive income or trade them at market value. -AFX Tokens are not permanently held by Airforce Mining after being utilized. AIRFORCE MINING 9

10 EQUIPMENT USED Our mining facility will use only finest and advanced equipment for the mining of cryptocurrencies. ASICs miner was chosen for its proven ability in commercial mining set-ups and for its level of availability from its manufacturer. Alternatively, the Dragonmint T1 miner will be used for its higher hash rate and lower power consumption once available. If our team finds available another reputable company that can supply mining equipment at a competitive standard and at lower prices we will endeavour to pursue this. GPU mining will be introduced if it becomes profitable enough to warrant and/or a large portion of the Airforce Mining public community vote for it. This will happen in accordance with our expansion strategy. AIRFORCE MINING 10

11 MINING DIVIDENDS Mining Income Percentage of income distribution Utilized AFX Tokens 50 Infrastructure Reinvestment 30 Service and Maintenance 10 Airforce Mining Core Team 10 AFX TOKEN UTILITY Owners of AFX Tokens have the choice to exclusively utilize their Tokens to be entitled to receive a share of 50% of the total crypto mined. Profits will be divided according to the percentage of Utilized AFX tokens held in each AFX wallet in relation to the overall amount of AFX Tokens being held in AFX Wallets. INFRASTRUCTURE REINVESTMENT 30% of total profits raised from mining will be directly re-invested into infrastructure in ways of more power generation and more miners. This means with each period of mining our mining abilities will grow, increasing the distribution for AFX Wallets. As well as improving output, we also anticipate that the value of each AFX Token will rise over time as the amount of crypto distributed by Airforce Mining grows. SERVICE AND MAINTENANCE Airforce Mining as a company strive to provide a perfect service and create an ideal business for all AFX Token holders while providing a greener alternative to the current crypto mining model. 10% of profits will go towards maintaining equipment to ensure the longevity of the mining and power generating equipment. AIRFORCE MINING 11

12 Position Number of Employee s Technical Director 1 Administration 1 Construction and Expansion Overseer 1 Marketing 1 CEO/Director 1 CORE TEAM We expect our ranks to multiply along with the growth of the project if necessary. THE AIRFORCE MINING CORE TEAM The Airforce Mining core team and its support staff will receive a share of 10% of distributed Cryptocurrency. DISTRIBUTION OF MINED CRYPTOCURRENCY Mined crypto will be distributed from the moment mining operations begin unless otherwise stipulated. Distributed cryptocurrency will be divided according to the percentage of Utilized AFX tokens held in each AFX wallet in relation to the overall amount of AFX Tokens being held in AFX Wallets. Distributions will be made into your wallet in the form of Ethereum. This Ethereum will be given as per exchange rate on day of payment. AIRFORCE MINING 12

13 AIRFORCE MINE LIFETIME The lifetime of mining operations will be limited by the lifetime of purchased equipment. We aim to prolong the lifetime of the company indefinitely as well as continually increase its mining capacity with our plan of redirecting a significant portion of mining productions back into infrastructure. MINIMUM INVESTMENT The minimum investment during the AFX ICO will be 0.1 ETH. AFX will aim to always mine the most profitable currency. If BTC and other sha256 coins become less profitable to mine, we will pursue alternative solutions, ensuring the best possible output. AIRFORCE MINING 13

14 ROADMAP AIRFORCE MINING 14

15 SMART CONTRACT The AFX Token is an Ethereum based Token. It both meets and enhances the ERC20 Standard of which is a widely used interface in application token programming. Using this interface allows the following- Transparency- -Token Balances. Token Balances are publicly viewable. -Token Transfers. All transfers can be tracked in real time and are publicly viewable. Ownership- -Amount. Only Ethereum holders and smart contracts can be token holders -Exclusivity. Each token belongs only to one user. There is no joint ownership of tokens. -Rights. A token can be transferred to another user only by direct command of its owner or the command of its recipient with the direct permission of its owner. The transfer of tokens cannot be authorised by another user. Token release restrictions- -Release Elitism. Only one user, the owner of the contract, can release tokens. Contract management- -Replacement. The owner of the contract may renounce his owner s rights in favour of any other Ethereum user or contract. AIRFORCE MINING 15

16 -Blockade. At any time, the contract owner can stop or resume the transfer of tokens between token holders. Other Provisions- -Initial State. Any command related to the contract that results in an error does not change the balance of the tokens or the Ethereum held by the user, except for the gas that was used to conduct the transaction. -Limits. The maximum allowed number of tokens in circulation can be set and used. A smart contract does not guarantee the following- The user s authenticity. An account with a positive token balance may or may not be a real Ethereum user or contract and, as a result, may not have a private key. Tokens transferred to such a user will most likely be lost. The Ethereum stock. The contract prohibits the majority, but not always via which Ethereum can be transferred to it by users who are not contract owners. We engage independent auditors with an excellent reputation within the industry who carefully check the smart contract code for security, benefits and other possible matter in connection with a possible attack. AIRFORCE MINING 16

17 PAYMENT AFX Tokens are offered for purchase through a public initial coin offering, which will begin on May 1 st, 10:00am EST (Eastern Standard Time) The ICO will run from May 1 st, 2018 to August 1 st, 2018 if the total released number of tokens is not reached earlier. AFX tokens may be purchased with ETH (Ethereum) and BTC (Bitcoin) Note. Ethereum wallet address used to deposit ETH should support the ERC20 standard. AFX Tokens will be credited to accounts that payment was sent from. The minimum required amount of participation will be set at 0.1 ETH Distributed cryptocurrency will be made in ETH as per exchange rate on day of payment. AIRFORCE MINING 17

18 RISKS The acquisition of tokens involves a high degree of risk, including the risks mentioned below (but not limited to only them). Before acquiring tokens, it is recommended to any participant of this initial coin offering to carefully consider all the information and risks outlined in this white paper, and in particular the following risk factors. Dependence on computing and power generation infrastructure- The dependence of the Airforce Mining on the working of software applications, computer equipment power generating infrastructure and the internet means that we cannot guarantee that a break or outage of any of the components will not negatively impact the efficiency of mining. Even though our team uses all reasonable measures to ensure network security, the servers of its mining farm are susceptible to computer viruses, physical and electronic hacking and other similar system disruptions. Computer viruses, hacks and other similar violations caused by the action of third parties can lead to interruptions, delays or suspension of the provision of services. Smart contact limitations- The technology of smart contacts is still at an early stage of development, and its use is of an experimental nature. This may threaten significant operational, technological, legal, reputational and financial risks. Accordingly, although an audit conducted by and independent third party enhances security, reliability and accuracy, such an audit does not in any way serve as a guarantee, including any implied or direct assurance that the AFX Token smart contract meets its intended purpose, or that it does not contain flaws, weaknesses or other problems that can cause technical difficulties or lead to a complete loss of AFX tokens. AIRFORCE MINING 18

19 Legal risks- Blockchain-based technologies, including but not limited to the release of any tokens, may be a new concept in some jurisdictions which can apply existing laws to it, or enact new laws or regulation that govern the use of blockchain-based technologies, and such laws and regulations may conflict with the current set-up of the smart contract, which insures the handling of AFX Tokens. This can lead to the need of significant change to the AFX Token smart contract including, but not limited to, the termination of all AFX tokens. Bitcoin and Ethereum Price- Airforce Mining provides services to companies and individuals engaged in cryptocurrency mining, mainly in Bitcoin and Ethereum mining but also other cryptocurrencies. Such activity depends, to a great extent, on the Bitcoin exchange rate on local exchanges. A sharp and prolonged drop in the Bitcoin rate may adversely affect the ability of Airforce Mining to fulfil their obligations to pay dividends the holders of staked tokens. Sharp changes in technology can negatively affect the mining business- Cryptocurrency mining is a very fast and dynamic business. In order to maintain its competitiveness, Airforce Mining will make every effort to monitor and timely implement the latest technologies into our mining setup. Nevertheless, if, despite all its efforts, we cease to be competitive, it may lead to the loss of benefits to AFX Token holders. Fluctuations of incomes from mining- Cryptocurrency mining is a business with many risks. Therefore, before you begin to deal with it, you should carefully consider many factors. Bitcoin price fluctuations, an increase in prices of mining and power generating equipment, an increased complexity of mining, a decrease in the reward of one block and many other factors can affect the amount of mining incomes and cause losses. Fluctuations of incomes from possession of tokens and staking tokens- The AFX token is designed to provide a valuable advantage in the form of access to cost effective and environmentally conscious hosting service for cryptocurrency mining by using Airforce Mining s mining materials. The main purpose for the AFX Tokens is to give token holders the opportunity to stake tokens with Airforce Mining in return for mining dividends. Market changes, a rise or fall of hosting service prices and other factors can negatively affect the price of AFX tokens. AIRFORCE MINING 19

20 Changes in electricity production- Although Airforce Mining strives to maintain 100% running time of its miners, even with multiple different sources of energy generation and excess electrical storage, we cannot guarantee uninterrupted mining operations. Unforeseen events and circumstances of an emergency nature- The operations and activities of Airforce Mining can be interrupted, suspended or delayed due to circumstances of an emergency nature that would be unforeseen buy our team and associates. These include, but are not limited to, natural disasters, wars, armed conflicts, riots, industrial conflicts, epidemics, mass layoffs, strikes, long-term shortages or interruption of power supply and telecommunications equipment including, long term shortages or interruption of internet, the actions of government and other circumstances unforeseen by the Airforce Mining team at the time of the initial coin offering. Disclosure- Personal information obtained from holders of AFX tokens, information on amount of tokens purchased and/or staked, awards earned by pools, addresses of used wallets and other relevant information may be disclosed to law enforcement and government authorities and other third parties, if Airforce Mining is obliged to disclose such information by law, on summons to a court or in orders of a court. Airforce Mining is in no way responsible for the disclosure of such information according to these reasons. The price of AFX tokens- The price of purchased AFX tokens can vary significantly due to various reasons. Airforce Mining does not guarantee any specific price of AFX tokens at any period of time. Airforce Mining does not take any responsibility for any changes in price the AFX token. Assumptions in connection with the above include, among other things, views on future economics, competitive and market conditions and business decisions, most of which are not subject to control by the Airforce Mining core team and therefore are difficult to predict. While the Airforce Mining team considers as reasonable the assumptions of which the forecasted provisional statements are based, any of them could turn out to be incorrect in the future. Therefore, the Airforce Mining team can in no way guarantee that the forwardlooking statements in this white paper will be accurate. Considering the significant uncertainty inherent in the forward-looking statements contained within this document, the inclusion of such information cannot be interpreted as a guarantee by Airforce Mining or AIRFORCE MINING 20

21 any other legal entity that the objectives and plans of the Airforce Mining project will be successfully implemented. Please be aware that Airforce Mining may be subject to other risks currently unpredictable to project management. AIRFORCE MINING 21

22 LEGAL This White Paper provides information on the Airforce Mining project to potential token holders in connection with its forthcoming initial token offering. The information in this White Paper is not exhaustive and does not imply contractual obligations This White Paper presents the most important information to potential token holders so that they become familiar with the essence of the Airforce Mining project and the primary proposal of AFX tokens for acquisition. No sections of this White Paper can be interpreted or considered as a prospectus or investment offer of any kind, and this initial offer of tokens is not an offer to sell or buy securities in any jurisdiction. This White Paper is prepared without any regard to any legislation of any jurisdiction that relates to the protection of investors and such is not regulated. Some of the statements, financial indicators and calculations presented in this White Paper are forward-looking preliminary information. They can and do depend on unknown risk factors and uncertainties, as a result of which actual circumstance and results may differ significantly from the mentioned calculations and results, directly or indirectly provided for by such preliminary forward-looking statements. There is a possibility that during translation into other languages some of the information in the original version of the white Paper could be lost, distorted or mis interpreted. Airforce Mining takes no responsibility for this. AIRFORCE MINING 22

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