Cointime

Download App
iOS & Android

Explaining HAG in 5 minutes — — The world’s very first SEC-filed security token focusing on Bitcoin mining

Validated Project

Summary

Hashrate Asset Group is committed to establishing the world’s first sustainable, compliant, and transparent Bitcoin standard arithmetic operating model. HAG token is a security token issued by Hashrate Asset Group in the form of STO. Holders may participate in the ecosystem and realize a real-time return on their investment. HAG mining farm is located in the United States, and the team is composed of industry-leading professionals from Bitmain, Goldman Sachs, and TSMC.

The value of HAG is mainly reflected in two aspects. Firstly, its inherent value is highly correlated with Bitcoin, and the long-term value of Bitcoin will bring returns to investors. Secondly, investors can receive 70% of net profit of mining income every month as WBTC dividends.

For those interested in investing in HAG, we have established a strategic partnership with INX Limited, one of top three STO exchanges in US, the owner of a blockchain-based trading platform for digital securities and cryptocurrencies that has successfully completed a security token offering that was filed with the SEC and went through a full prospectus. Through the INX platform (https://one.inx.co/), investors will have the opportunity to invest in the first SEC-filed security token focused on Bitcoin mining.

Furthermore, HAG’s presale is set to commence soon, and both individual and institutional investors may participate by subscribing in advance at a unit price of $48. We will be releasing detailed tutorials on pre-sale and STO investments to provide investors with clearer and more specific guidance. We encourage interested parties to stay tuned for further updates.

Introduction

The cryptocurrency market is flooded with altcoins, which leaves investors with excessive options to invest in digital assets. However, consistent returns in this space require significant due diligence and a high level of systematic risk tolerance. For those looking for investment exposure to the cryptocurrency space without the extreme volatility of the altcoin market, Bitcoin is a crowd favorite. Due to its brand recognition, security, limited supply, and legacy as the original cryptocurrency, Bitcoin has yielded the highest returns compared to traditional asset classes for nine out of the past eleven years.

Investors can purchase Bitcoin directly with fiat through various exchanges or mine it by setting up specific computer hardware to solve blocks of algorithmic equations. Mining and holding can remove the challenge of figuring out the ideal time and price point to purchase Bitcoin, allowing investors to accumulate BTC based on their hashing power. However, setting up and maintaining a profitable mining operation can be challenging and often out of reach for individual investors or investors without related mining operation experience.

It’s important to note that this is an extremely competitive space where having the right hardware setup, security, maintenance, and access to cheap electricity are all prerequisites for a profitable mining operation. This can be difficult, if not outright infeasible for individual investors.

Hashrate Asset Group

HAG (Hashrate Asset Group) offers accessibility to invest in Bitcoin through hashrate ownership with security and compliance that are typically reserved for institutional investors. HAG Tokens are security tokens that are fully compliant with the U.S. Securities Act. Known as Security Token Offerings (STO), it is a digital token in ERC 1404 that has all of the same features and benefits of an ERC-20 token contract with a few enhancements to allow issuers to enforce regulatory restrictions.

Each HAG Token represents 1 terahash of perpetual mining hashrate for the underlying Bitcoin digital asset. Token holders receive monthly dividend payments in the form of WBTC net of expenses based on how many HAG Token they hold. The nature of the underlying asset, regular yield payments, and compliance with extensive regulations result in significantly lower risk for investors compared to the broader cryptocurrency space.

Compared to traditional methods of directly buying Bitcoin or attempting to set up your own hardware with all the necessary prerequisites, HAG provides a sustainable and consistent ROI for investors through a broad range of pricing assumptions of the underlying digital asset (Bitcoin).

STO represents a security token offering. A security token is a digital asset that represents ownership or other rights and transfers value from an asset or bundle of assets to a token.

HAG STO Highlights

HAG Token is a security token based on blockchain technology, issued in accordance with US securities laws through an STO. It is the world’s first security token that permanently anchors BTC mining power and distributes WBTC as dividends on a monthly basis. HAG creatively combines digital assets with compliant issuance, especially in the context of increasing global compliance and regulation of digital assets. The issuance of HAG Token will serve as a model for the entire cryptocurrency market and Bitcoin mining industry.

Compared to direct investment in Bitcoin and stocks of Bitcoin mining companies, HAG Token has significant advantages:

  • Transparency and immediate distribution of profits: The Bitcoins produced each month are directly distributed to investors’ wallets through smart contracts.
  • Compliance: Fully filed with the US SEC and issued in strict accordance with securities laws.
  • Perpetual and constant computing power: A well-designed structure ensures the feasibility of creating long-term value for assets.

HAG Tokenomics

Initial fundraising size: $10~20 million

Minimum Ticket Size: $5,000

Token price: Floating but target at $48 /HAG

1 HAG = 1 Terahash/s

Planned initial miner: 1,479 ~ 3,076 units Miner series: s19 XP, 21.5J/TH, 140TH/s

Deployment: 2 months after fully called

Miner depreciation:

  • 30% in 1st year
  • 60% in 2nd year
  • 90% in 3rd year

1 HAG monthly BTC mined (30 days) ~ 0.0000277 BTC (assume miner uptime 95% & pool fee 1%)

Mining cost for 1 BTC ~ USD 15,000 (assume USD 7.5 cent / kWh for electricity)

Static result as of Mar. 14th , 2023. Please refer to Private Placement Memorandum for final detail.

The Company will distribute 70% of the net yield to HAG holders monthly, on a pro rata basis. The remaining 30% will be utilised as a reserve to maintain the targeted hash rate per HAG Token and as general working capital.

The value of HAG is mainly reflected in two aspects. Firstly, its inherent value is highly correlated with Bitcoin, and the long-term value of Bitcoin will bring returns to investors. Secondly, investors can receive 70% of net profit of mining income every month as WBTC dividends.

How to invest?

HAG has partnered with INX Limited (“INX”), the owner of blockchain-based trading platforms for digital securities and cryptocurrencies, the first to complete a security token offering that was filed with the SEC & went through a full prospectus. The HAG and INX strategic partnership will allow investors on the INXS platform(https://one.inx.co/) to be able to invest in the first SEC-filed security token focusing on Bitcoin mining.

Note that the HAG presale is about to begin, and both individual and institutional investors may subscribe in advance at a price of $48 per unit. We will soon release separate tutorials on pre-sales and STO investments, in order to provide investors with additional guidance. Please stay tuned for further updates. Private Placement Memorandum will also be available for final detail. The final price of HAG will be determined based on the market price of Bitcoin and hashrate, and it will be confirmed with the exchange before the STO.

About Hashrate Asset Group

Hashrate Asset Group aspires to build the world’s first sustainable, compliant and transparent Bitcoin standard arithmetic operating model. HAG Token allows investors to join the ecosystem and receive a real-time return on your investment. HAG mining farm is located in the United States, and the team is composed of industry-leading professionals from Bitmain, Goldman Sachs, and TSMC.

Website: https://www.hagsto.com/

Twitter: https://twitter.com/HashrateAsset

Telegram: https://t.me/HashrateAsset

Medium: https://medium.com/@HAGSTO

Comments

All Comments

Recommended for you

  • NYC Comptroller Urges Anthropic to Pause IPO Plans

    On October 15, New York City Comptroller Mark Levine stated in an interview that he has written to Anthropic CEO Dario Amodei, urging the company to pause its planned initial public offering (IPO). The letter calls for Anthropic to suspend its IPO plans until it can comprehensively and transparently address concerns related to AI safety, governance, and development that the company itself has raised. Levine wrote that the company should focus on mitigating these risks rather than moving forward with the IPO. Currently, New York City has an investment exposure of less than $10 million in Anthropic through the private market.

  • BTC Falls Below $81,000

    Market data shows that BTC has fallen below $81,000, currently priced at $80,997.1, with a 24-hour decline of 2.84%. The market is experiencing significant volatility, so please ensure proper risk management.

  • FTC Requests Documents from Anthropic and OpenAI

    On October 15, according to Axios: The U.S. Federal Trade Commission (FTC) has requested documents related to the incident from Anthropic and OpenAI. The FTC issued a civil subpoena to the AI companies on Wednesday.

  • Cook: Apple AI Approved in China, Testing Version Launching Late October

    On October 15, Apple CEO Tim Cook revealed in an interview in Shanghai that Apple AI has been approved in China. A testing version will be launched later in October, featuring initial functions such as real-time translation, writing assistance, and image removal, while Siri AI will not be included.

  • UBS: Fed Expected to Raise Rates for the Third Time in March 2027

    On October 15, UBS stated that it expects the Federal Reserve to implement its third rate hike in March 2027, revising its previous forecast that the rate hike cycle would conclude in December.

  • BTC Surpasses $81,000

    Market data shows that BTC has surpassed $81,000, currently priced at $81,002, with a 24-hour decline of 2.94%. The market is experiencing significant volatility, so please ensure proper risk management.

  • US Spot Bitcoin ETF Sees $261.4 Million Net Outflow Yesterday

    On October 15, according to monitoring data from Farside Investors, the US spot Bitcoin ETF experienced a net outflow of $261.4 million yesterday.

  • Over $476 Million Liquidated in the Last Hour, Primarily Long Positions

    Data shows that in the past hour, a total of $476 million was liquidated across the network, with long positions accounting for $457 million and short positions for $19.7945 million, primarily affecting long positions. Among these, $200 million in ETH and $116 million in BTC were liquidated.

  • ETH Falls Below $2400

    Market data shows that ETH has fallen below $2400, currently priced at $2395.62, with a 24-hour decline of 4.47%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Drops Below $81,000

    Market data shows that BTC has fallen below $81,000, currently priced at $80,989.9, with a 24-hour decline of 2.87%. The market is experiencing significant volatility, so please ensure proper risk management.