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DriveMining

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Germany

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01 Jan 2020 (5 Years)

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Get to know DriveMining

    The DriveMining Project is a mobile mining project that opens the door to efficient and passive mining for a wide range of audiences. We enable companies to participate in the value chain of the crypto market, without having to make capital-intensive investments. The idea of the DriveMining project was born in Berlin in 2017 and since then, our team of skilled and enthusiastic engineers has created a sustainable and efficient mobile mining system that can be installed in existing vehicles and generate additional revenue for the company. It utilizes existing infrastructure, requires no additional investment and carries much less risk compared to traditional mining farms, due to the fragmentation of mining units. Our DriveMiner can switch between 11 different types of crypto currencies and is able to adapt to different measurement or communication devices, providing the basis for future projects in mobile data collection. DriveMining aims to support environmental protection projects with data by collecting a wide variety of environmental information, regardless of location or vehicle type.

    Industry

    • Crypto CryptocurrencyPRIMARY

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