Honest Mining Fees

Table_Fees_Honest_Mining

We charge the following fees on Honest Mining platform.

DASHXZCSMART
Per Reward
Distribution
Maintenance Fee
Commission Fee
5%
2%
5%
5%
5%
10%
Per MasternodeStarting Fee
Exit Fee
Free
Free
Free
Free
Free
Free
HNSTDASHXZCSMART
Deposit FeeFreeFreeFreeFree
Withdrawal Fee10
(~$ 0.17)
0.002
(~$0.14)
0.02
(~$0.02)
10
(~$0.04)
Minimum Withdrawal100.010.0210

Get 40% discount by enabling “Using HNST for Fees” on Account Setting. <See Image 1>

Enable_HNST_Fees
Image 1: Setting to Using HNST for Fees

Please note that all fees are subject to change without prior notice.

Happy Staking, Miners!

Honest Mining Launch for Business

Honest_Mining_Launch

Your wait is almost over!

Today we are proud to announce that Honest Mining is going to launch very soon! Here are our important dates.

Honest (HNST) Token will be listed at the Tokenomy Exchange on March 18, 2019, 3PM GMT+8. Token deposits will start at March 15 2019, 3 PM (GMT +8) and start staking on March 19, 2019 at Honest Mining platform.

Our team has worked hard over the past few months to be able to provide the best staking experience for you. Honest Mining supports staking for Dash (DASH), ZCoin (XZC), and SmartCash (SMART) coins.

In order to start staking at Honest Mining you will need to commit a Masternode seat. You can get a seat by:

  1. Deposit your DASH, XZC or SMART which are available at supporting exchanges
  2. Or, get HNST from Tokenomy, and deposit them to Honest Mining, then swap your HNST for any supported coins.

What are the possible rewards?

See the table below

DASHSMARTXZC
Estimated Annual ROI * 7 % 26 % 25 %
Minimum Contribution 1 DASH 10 SMART 5 XZC

* based on actual network condition per 12 March 2019

Please keep in mind, the frequency & coins amount that you receive will differ according to the type of coin & its network condition.

Thank you for your patience & support. This alpha-launch is just the beginning. We will quickly adding features to the platform and supporting more coins. We are confident that Honest Mining can provide a better staking experience for everyone. Please don’t forget to be part of our community by joining us at:

Honest Mining Supports DASH

Honest Mining Support DASH
Official Website & CommunityCoin Market Cap
https://www.dash.org
https://www.dashnation.com
USD 730,000,000
Rank 15th  on Feb 2019

DASH is an open source cryptocurrency project focusing on payment. It is currently ranked 15th on CoinMarketCap with valuation shy of $730 million. Dash Network consensus algorithm use X11 Proof-of-Work (PoW) algorithm and Masternodes that behaves like Proof-of-Stake. The PoW layer is handling the block production, while the masternodes layer allows the anonymous (Dash PrivateSend) and instant transaction (Dash InstantSend).

Dash project is one of the older player in this blockchain industry. The project began in January 18, 2014 by Evan Duffield. In the beginning it was called XCoin. Just 10 days later, the project was rebranded as Darkcoin (DRK). On March 25, 2015 – the development team has matured and decided to do another rebrand from Darkcoin to Dash (unofficially short for “Digital Cash”) to attract a wider audience.

Technology

Dash team has always been considered as pioneer and innovator in the industry. The x11 PoW is a combination of 11 cryptographic algorithms (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo). The masternode concept was almost unheard of until Dash introduce masternode. Dash development is transparently oversees by Dash Foundation.

Liquidity

Dash is available on most major cryptocurrency exchanges. Dubbed as the “bitcoin of masternodes”, liquidity is not an issue for Dash.

Community

Dash have a huge community such as the official DashNation community who are active on Discord, Twitter and Reddit. It is also well known globally due to its vast cryptocurrency exchanges presence.

Trivia

Dash is the most popular cryptocurrency in Venezuela, with wide market adoption. Joël Valenzuela told Bitcoin Magazine in 2018, “The Dash-accepting merchants in Venezuela do so openly and proudly, displaying ‘Dash accepted here’ stickers on their business doors and registers”

Introducing Bob

This is Bob – a crypto loving giraffe who love mining. Bob is tall, so he can see far ahead. When the market is going bullish on a certain coin, Bob already triples his coin amount from his very early staking. Bob is cheerful, friendly and wise – he also loves giving cool advice to new miners. During his spare time, Bob casually does cosplay to entertain everyone around him.

Bob Love Stacking

Bob – The official mascot of Honest Mining. How does it start?

The team wanted to have a mascot that really represents the company culture, value and vision. After a heated debate, the team thought that giraffe is a really cool animal who we all can learn from.

Why Giraffe?

Giraffes are the tallest animals in the world. They got an extremely long neck that allows them to look far ahead. They also have excellent eyesight with two eyelids that allow them to avoid dangers and pick good leaves, twigs and fruits from trees. Cryptocurrency & blockchain is very new technology. In order to capitalize this technology, just like giraffes – we need to be able to have a good look at what coin we want to hold and see far ahead beyond the current situation.

Giraffes are terrestrial animals. Likewise, miners also need to stay grounded and always remember where they are standing and heading. For example, today we are in the middle of the fourth industrial revolution (also referred as Industry 4.0). Miners can pick coins for projects that use Blockchain technology for such innovation.

What else are unique about Giraffes?

Super Saiyan Bob Never Sleep

Giraffes do not sleep! Well, sort of… they still need sleep, but unlike humans – giraffe only need to take a 5 minutes nap during the day, and 20 minutes rest at night.

Now, this is where it gets interesting! Masternode must be online around the clock to power blockchain network. Just like giraffes, Honest Mining is committed to having minimum downtime, because your Masternode rewards can be at risk if you have more than 20 minutes downtime!

Token Sales Update

Private Sale Ended

Hello Honest Miners!

We are proud to announce that Honest Token (HNST) Private Placement has been completed. Total 56 million HNST were sold between October-December 2018. We would like to thank our believer & the community for the never-ending support & the patient working through this process with us. Welcome to Honest Mining, the future of cryptocurrency mining.

Private Placement Only Model

True to our name, the Honest Mining team is committed to conduct a fair & honest token sale. After analyzing the market, we decided to be different and move away from the popular public token sale model. We focused on on-boarding select number of investors who really believe in the product through a private placement. 

Our private placement also adopted a slightly different strategy than some other projects:

Flat Pricing Policy

Some projects provide different pricing based on investment size or timing, while we offer all investors equal pricing. Different pricing strategy is desirable for some investors because it allows investors to gain quick short-term gain. We believe that a good product takes time to build, and short-term price strategy will not benefit our long-term investor.

Hard Vesting Policy

We want to attract the right type of investors who believe in our long-term product vision. As utility token, we believe that our market cap will grow together with the real utilization. This is not an instant process, so we have put 6-month vesting distribution policy that starts from the product launching date.

We have received tremendous support & commitments from a different type of investors. By mid-November, we have met more than our expected raised ETH amount. We also received over 400 whitelist applicants from different part of the world. The cryptocurrency bear market was on full effect until late December, and we met many investors who were forced to pull out from crypto completely. What’s left are investors who truly believe in the company that we are building.

What’s Next

On behalf of the entire Honest Mining team, we thank you for your continuous support. Right now we have open the pre-registration program where you can reserve your username. If you have not done it, please go ahead and visit our website. As scheduled, the team will move forward with the project soft-launch before the end of 1st Quarter of 2019.  We are also working hard to get HNST listed on exchanges.

Stay in touch with Honest Mining by:

Honest Mining Pre-Registration Referral Program

Happy New Year miners!

We are very close to our target launch in 1st Quarter of 2019. Our team has worked really hard to develop the best staking pool experience. Since we just can’t wait, we are going to go ahead and open the pre-registration now!

Here is how you can be our early user:

  1. Go to honestmining.com/register
  2. Fill up some basic information like your full name, username, email address and password
  3. Check your inbox & confirm your email address!

Great! Now you can login & check your dashboard.

You should see that you get FREE 5 HNST to start. Every user will be given a unique referral link. Now go on, share your referral link with your friends, relatives, colleagues, or your community – for every unique person that completes the registration using your referral code, you will be entitled for 1 extra HNST! Of course, terms & condition applies; nobody likes cheaters 🙂

That’s all for now miners! See you on our next update.

TERMS & CONDITION

  1. The Referral must register using the Referrer’s referral code.
  2. Referral must be a new unique Honest Mining account.
  3. Honest Mining accounts who have been determined to be fraudulent/abusive/fake/duplicates will be removed from the referral program.
  4. Honest Mining in its sole discretion reserves the right to refuse the awarding of rewards for suspicion of abuse or fraud.
  5. Only verified account that pass the platform KYC Process can redeem & be counted towards the referral rewards.
  6. Rewards will be distributed through Honest Mining Platform after it launches. The referral program will last until Honest Mining officially announce & close the program.

Honest Mining Indonesia Roadshow

Honest Mining Indonesia Roadshow

Honest Mining was on the road throughout November to gather & introduce digital assets & blockchain in Indonesia. People who came were curios, a few were intrigued, and with some of the negative news – we realized many were scared.

There is a saying in Indonesian language, “Tak kenal maka tak sayang“.  We are glad that after the event, many realizes that digital assets are not something to be afraid of. They were excited to see the unlimited potentials that blockchain offers, and how Honest Mining can help them be part of this movement.

We are also thankful for:

1st Stop: SURABAYA

Surabaya is the second largest city of Indonesia. It is a port city on the Indonesian island of Java that is really vibrant & sprawling metropolis. The city consists of modern skyscrapers with canals from its past Dutch colonial days.

Lawrence Samantha, our CEO and Indra Darmawan, the CEO of LYFE were live on PAS FM Surabaya – a leading business radio in Surabaya for an after lunch talk show. Then on the evening, we had gathering at Satu Atap Coworking Place.

Honest Mining Surabaya Roadshow
Honest Mining On Air with PAS FM Surabaya
Honest Mining Surabaya Gathering
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2nd Stop: MEDAN

Medan is the fourth largest city of Indonesia & largest city in Sumatra. It is a trading city that located on the busy strait of Malacca. As a hugely multicultural city, Medan is also linked very well with Singapore & Kuala Lumpur.

Honest Mining start the day by talking on SMART FM Medan for a morning talkshow. We then have a gathering at CocoWork Clapham supported by CryptoWatch Community. It was a full house gathering! Many walk-in attendees unfortunately have to stand at the back due to the space & seat constraints. We were mesmerized with the enthusiasm and simply know that we will have to be back to Medan

Honest Mining Medan Roadshow
Honest Mining On Air with SMART FM Medan
Honest Mining On Air with SMART FM Medan
Honest Mining Medan Gathering
Honest Mining Medan Gathering
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3rd Stop: BALI

Bali, the island of Gods. It is an Indonesian island known for its forested volcanic mountains, iconic rice paddies, amazing beaches and beautiful coral reefs. It also home for many digital nomads from around the world.

Honest Mining visited Hard Rock FM Bali for an afternoon talk show, followed by a gathering at Kembali Coworking Space.

Honest Mining Bali Roadshow
Honest Mining On Air with Hard Rock Bali
Honest Mining Bali Gathering
Honest Mining Bali Gathering
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Honest Mining Advisors

Honest Mining is supported by great advisor who not only possesses multiple skill set & experience from different industry, but also on the future of decentralization & blockchain.

Vidy Onadi

VIDY ONADI
Head of Business Development EMURGO INDONESIA

Mr. Vidy is the Head of Business Development at EMURGO. He carries a  mission to power the financial stack for the developing world through Cardano’s decentralized blockchain system.

Apart from being a blockchain enthusiast, he is also recognized as a self-driven professional with more than 15 years of diversified experience in ERP systems (SAP & Microsoft Dynamics), corporate finance & investments, and digital businesses.

Jeth Soetoyo

JETH SOETOYO
CEO of PINTU

Mr. Soetoyo is the CEO of Pintu, a cryptocurrency exchange and brokerage service. Prior to that, he worked at ConsenSys, a Brooklyn based Blockchain venture lab and solutions company. He led product on a cross-chain atomic swap solution called Liquality, which allowed participants to trustfully swap digital assets without intermediation.

Mr. Soetoyo also conducted a research along with the MIT Digital Currency Initiative on crypto assets valuations. Previously, he pursued a career at Roland Berger Strategy Consultants and also spent time at Valar, a company that’s focusing itself on energy.

Grady Laksmono

GRADY LAKSMONO
Co-Founder of Moka

Mr. Grady is an accomplished software engineer and venture builder. He founded Moka in 2014, a mobile point of sale system that allows anyone to accept many kinds of payments. Prior to Moka, he worked at multiple corporations in Silicon Valley: Yahoo!, Zynga, OpenX, Albumatic (now Chain.com – a company owned by Lightyear/Stellar).

During his spare time, Grady contributes code to Bitcoin Core and pyevm, an Ethereum Virtual Machine implementation.

Calvin Kizana

CALVIN KIZANA
Co-Founder and CEO PicMix / PlayDay

Calvin is a serial tech entrepreneur with Forbes and Ernst and Young (EY) awards on his belt and is currently CEO and co-founder of PicMix and PlayDay, a live streaming and interactive content distribution platform for massive online community with over 35 million-users worldwide.

Calvin has been involved in multiple successful ICOs in the region. He actively involved and sit as advisor in ICO and blockchain projects across startups and corporates. He is also the co-founder and advisor in CoinDaily, a blockchain community with over 20,000+ active members.

Honest Mining October 2018 Bounty Winners

Hello Miners,

The month of October has passed and so did Honest Mining October’s tweet bounty program. Thank you for everyone for participating and we hope you will continue to do so on our next bounty.

Congratulation for The Winners:

  1. AnakAyamDukun
  2. Dukunbitcoin
  3. MAS_MBONZ
  4. FutureXpast
  5. Maverick sandoval
  6. Hepeng Digi
  7. Jambangsoang
  8. Dimas Maulana Ibnu
  9. masbrokemanaaja
  10. Asinan Timun
  11. Riazor
  12. Azr Fauzi
  13. bosspadli
  14. Ricky Arianto
  15. agen resmi fiforlif
  16. Kang Mas
  17. Panji Prabowo
  18. Lufi Darko
  19. Rizal Pratama Purba
  20. Robertsimons724
  21. Senopatiseno
  22. Tuyul100BTC
  23. Lawu 500–1
  24. Renata Ayu
  25. Muhammad Coeri
  26. Murdani
  27. gerah
  28. CyptoLeadman
  29. Rondaz
  30. Agent Crypto

Bounty Prize

  1. Winners number 1–10 will get 250 HNST
  2. Winners number 11–30 will get 50 HNST

Congratulation again! Winners please contact Admin on our Telegram Group (EN/ID) to claim the bounty. The bounty prize will be distributed through our platform after the token distribution.

Thank you for your participation and see you on our next bounty campaign!

Honest Mining Litepaper

Sometimes Most of the time, simple is better.

Honest Mining team prepares this infographic (cryptoworld crowds refer it as litepaper / lightpaper) so you can easily review what Honest Mining is all about.

You can also download the PDF version.

Honest Mining Litepaper
Honest Mining Litepaper