The First Mining
Arbitrade Exchange Inc., a cryptocurrency merchant platform, is commencing its mining infrastructure. Arbitrade has been in close relationship with Cryptobontix Inc. and has commenced a merger of the two companies. Cryptobontix is the parent company of 5 tokens trading on Livecoin.net. Those tokens are Dignity (DIG), Namaste (NAM), Orectic (ORE), Honor (HNR) and Reciprocation
(ECHO). The company has only sold DIG tokens and plans to open the doors to the others the second week of April.
Arbitrade has engaged with Coin Miner LLC to source and provide 65,000 new and used mining units over the next 24 months.Their proprietary G Series mining units, which are configured with Nvidia and AMD chips achieving 275MH at 1200 watts each, will be 50% of the units Arbitrade will acquire through this contract agreement. The additional
ASIC miners that Coin Miner sources will help cover a wide range of different Algorithms, which will be sourced from a variety of manufacturers. Coin Miner brings over five years’ experience in industrial sized mining operations, infrastructure, and design. Coin Miner has offices in Cleveland Ohio, New York City, Miami and Shenzhen China. They have a global presence to be able to source equipment from manufacturers and suppliers easier than all other companies that the Arbitrade management
negotiated with. Coin Miner has commenced sourcing the 65,000 units to fulfill the large contract Arbitrade is seeking to be completed in the next 24 months. Two more similar agreements are being negotiated at this time with the two leading manufacturers of mining equipment. Currently, the company is launching its first 1800+ mining rigs which should earn a minimum of $150,000 even at these low coin prices.
Arbitrade has commenced a 15-year lease agreement with
Cryptotopic Inc., an Ontario company that will work with CoinMiner LLC on behalf of Arbitrade to build Canada’s largest mining facility in Watford, Ontario, Canada, which will house the 65,000+ mining units. Coin Miner will design and oversee the additional infrastructure to the Watford facility, which will consume a minimum of 95MW of power. The Cryptotopic Inc., Watford property is a 100,000 square foot industrial warehouse property with 16 additional acres that was previously a metals
manufacturing facility. The building houses a large amount of power already, and the new development team will work with Hydro One in Ontario to build out the necessary means to upgrade the power demands to meet Arbitrade’s requirements. This lease agreement will be the first of four facilities Arbitrade plans on opening over the next 36 months with Cryptotopic Inc. and Coin Miner LLC. These mining facilities will commence operations for Arbitrade’s platform and also commence operations for
Cryptobontix Inc’s bullion, and cryptocurrency mining backed tokens.
Arbitrade has purchased over 1,800 mining units from Coin Miner, Bitmain, Halong, Canada Computers and others to date, which Coin Miner LLC will properly set up at the new mining operations commencing immediately. Currently, the older warehouse is getting a major overhaul with new renovations to the electrical power, lighting, floors, paint, office renovations, venting, racking, and exterior upgrades.
It should be ready for a public media event the second or third week of April.
Len Schutzman, Chairman and Chief Executive Officer of Arbitrade, commented: “This agreement will significantly accelerate our growth and catapult Arbitrade and Cryptobontix into one of the top positions in the cryptocurrency industry.”
The Beginning of the Bullion Announcements
Mandela Golden Hands
Collection Sells for US $10Million at PDAC 2018 Conference
The Board of Arbitrade has announced it will purchase the Nelson Mandela Golden Hands Collection. Made from 20 lbs of 99.999% pure gold, it includes three (3) life-size impressions of Mandela’s hands and two others of his palm and fist. It was cast in 2002 by South Africa’s Harmony Gold mining group, one of the world’s leading gold producers,12 years after Nelson Mandela was released from
The set has been authenticated by Harmony Gold, the original creators, and is believed to be the only surviving set. The others, having been destroyed by order of Nelson Mandela.
In making the announcement, Arbitrade’s Chairman, Len Schutzman, said the Board of Arbitrade shared a deep admiration for Mandela and had been keen to secure the valuable memorabilia. He said Mandela was a man who had come out of prison with no bitterness and
although he had very little, he did so much to better the lives of underprivileged people.
An agreement was struck by the seller and representatives of Arbitrade at the PDAC 2018 Conference, held in Toronto on March 4 – 8, 2018. “It was the first time the collection had been on display to the general public anywhere in the world since the Letter of Authenticity had been received from Harmony Gold and we felt it was singularly appropriate that we should have met to
purchase the collection at the famed PDAC Conference, one of the largest gold and metals events in the world,” said Arbitrade’s Chairman, Len Schutzman.
“The collection celebrates not only the remarkable contributions of Nelson Mandela to humanity each year but also all that has been done by South Africa in supporting gold and the mining industry through the years. Moreover, our timing in buying the collection is especially significant since we are
celebrating the 100th anniversary of Mandela’s birth in this unique way for the first time in North America,” said Mr. Schutzman, who noted that the purchase of the Mandela collection would be paid for with Bitcoins.
“It is our honor and privilege to celebrate the life and legacy of Nelson Mandela. As President Obama shared in one of his tributes to this great man - Mandela is a man who took history in his hands and bent the arc of the moral
universe toward justice. In the global tour, we shall be making with the collection, we will be celebrating his life, which has been a gift and a shining light for us all to remember and to follow for ages to come.”
“This year, being the 100th Anniversary of the Birth of Nelson Mandela, Arbitrade’s management felt that these extraordinary artefacts served as a great representation for our company and that our announcement of this wonderful purchase
will be the first of a series of announcements we shall be making in regard to gold that will back our cryptocurrency, Dignity (DIG) which trades on Livecoin.net.” Mr. Schutzman said, “The company plans on orchestrating a global tour exhibiting the Golden Hands in National Museums around the world to celebrate the life and legacy of a man that meant so much to so many.”
In responding to Mr. Schutzman, Deputy Minister of Mineral Resources, Mr. GG Oliphant, MP
said, “The display and exhibition of the Mandela Golden Hands at the PDAC 2018 Conference was an appropriate moment to reflect the roots, strength, and resilience of the South African mining industry. Nelson Mandela was a mineworker at some stage, in his long walk to freedom, and was also later elected as the Honorary Life President of the National Union of Mineworkers in South Africa. It is, therefore, within this context that, in his honour, we pay tribute to all mineworkers and
ex-mineworkers around the globe who have sacrificed so much to produce gold and other mineral commodities over the years. It is, therefore, befitting that in this year, as we celebrate the centenary of Mandela’s birth, that we could display his actual handprints in gold as an embodiment of lasting peace and prosperity for our country. Our congratulations to Arbitrade in keeping Mandela’s legacy alive.”
Mr. Nyameko Goso, South Africa’s Consul Generali n Toronto,
added, “We thank Arbitrade for helping us celebrate Nelson Mandela's 100th Anniversary in this very special way and keeping alive his great legacy. At the same time, the purchase of this remarkable collection made of South African gold, is also a tribute to South Africa's gold mining industry who have contributed so much to the gold market and mining over the many years.”
Mr. Schutzman said, Arbitrade will be inviting one person from each of the countries
where they will be exhibiting the collection, to join with them in celebrations at the museum, “I urge everyone to be looking out for our special release next week and to click on to our webpage and provide their details. We hope that a great many people want to join us and come see for themselves the powerful and inspiring collection.”
Arbitrade’s press release next week will include pictures and further details of the transaction along with
information about our mining partners.
Arbitrade has been waiting on approvals of its licenses and securitization before making any official announcements to its release up until now. After this past two week’s developments, the company can confirm that our long-awaited major announcements of our strategic partnerships and launch plans will be announced in the second week of April.
As you are likely already aware, the release of some
information about Arbitrade and Cryptobontix, unfortunately, occurred prematurely, which has resulted in many questions being raised regarding the status of these projects.
The most frequently asked questions being asked have been “When will the next white papers will be released?”, “When will Arbitrade and Cryptobontix launch?”, “When will the official websites be online?” and “When will the C-CEX patch for the UNY transfer to DIG
We would like to address those questions here:
Our official launch is the second week of April 2018. At that time, our updated white papers will be released, and our official websites will be launched. Included in the white paper and websites will be all necessary information about our strategic partnerships and launch plans, as mentioned above. Arbitrade management hopes that C-CEX continues to work with our development teams to do
a seamless transfer to Dignity (DIG) tokens from UnityIngot (UNY) tokens on that exchange before the company’s official launch and announcements. We encourage anyone waiting on this swap to please be patient and send C-CEX a support ticket to urge them to move as aggressively as the company wants too.
We encourage everyone interested in Arbitrade/Cryptobontix to sign up to the company’s official newsletters at either arbitrade.io or cryptobontix.com to receive all news
releases and early launch invites.
Arbitrade Management Team