Funds Raised to date:

$764,499

Funds For Mining Expansion

14,046,600

Total XENM Tokens Sold

EXPANSION TARGETS:

400 FPGAs ON-LINE 8%
0%
304 FPGAs ON ORDER 6%
0%
1 FPGA
5000 FPGAs

Sale EndIng:

Days
Hours
Minutes
Seconds

Xenium is an SEC compliant security token, registered in the crypto-friendly jurisdiction of Thailand. Each token represents a profit share of mining rewards. They are issued by Veritas Mining Company, via the Ethereum blockchain, in return for investing in their crowdfunding, security token offer.

xenium mining rewards dashboard

A great feature for Xenium token holders is that they have access to our mining dashboard. Here you can see daily, monthly and all-time cryptocurrency earned from mining, as well as other important indicators like Xenium’s hash rate, hardware inventory, current reinvestment ratio as well dividend information and time remaining to next dividend payout. Just click on the button, below, to activate the live dash and see it in action.

About

OUR ICO

Xenium Is Crowdfunding The Rapid Expansion Phase Of Veritas Mining Company’s Pioneering, FPGA Mining Operation. Following Ultra Successful Trials Of This Cutting-Edge Technology, Collocated At Their Huge Facility, Xenium Is Currently Mining With Over 400 Custom-Built, Immersion-Cooled FPGAs. Paying Dividends Every Month Since August During A Bear Market.

Immersion cooled custom-built FPGA Mining

Why Veritas Mining Company?

XENIUM PROFITABLE IN ALL CONDITIONS

There. Is. Nothing. That. Comes. Close.
Xenium FPGA Operations Hardware Packs Superior Hashing Power. Veritas Mine With Such Expertise That Our FPGAs Return 15 x A GPU. For 8 Months Xenium Is The Only Mining Token Making Good Profits & Growing During The Long Bear Market, Paying 8 Dividends In A Row.

Xenium is also the only operation with a team who possess the innovation, technical skills and experience required to mine with FPGAs, optimally, and at scale. Their proprietary custom-builds are capable of delivering withering profitability compared to regular GPUs (12-20X)and standard FPGAs (3-8x). Veritas buy components direct from China to custom build their super-charged FPGA, for just US$1200, with assembled FPGAs retailing to competitors for more $3000+ per unit.

Our Token

What is xenm?

Xenium is a SEC compliant security token, registered in the crypto-friendly jurisdiction of Thailand. Each token represents a lifetime profit share from mining operations. An ERC-20 token issued via the Ethereum blockchain to investors participating in their Security Token Offer.

security Token Sale

Structure & Phases OF xenium Fundraising Goals

$ 5,000,000

Target On Crowdsale

$ 600,000

Soft Cap

$ 50m

Total hard cap

Securitised Digital Asset

Token Type

BiTCoin & ETHereum

Purchase Methods

Token Distribution

  • 75% Investor Tokens
  • 15% Team Tokens
  • 7% Referral Bonus Tokens
  • 3% Reserve Tokens

Allocation Of Funds Raised

  • 93% Hardware Purchase & Deployment
  • 7% Research & Development

Jeremy Tan: Founder and Ceo of Veritas Mining Talks About The Xenium STO And CryptoMininG Innovation

Watch Video

1 Xenium Token Price

$0.25c

Reinvestment funds to date

$36,331

FPGA Units Online

400

FPGA Units Ordered

304

Future-proofing

Our Strategic reinvestment Plan

Rapid expansion of operations, driven by a high monthly re-investment strategy, means that the projections for Xenium are a minimum 32 times the current hashing power, per token, by its fifth trading year. That could be literally 32x more income, per token, at current bear market prices. By expanding the operation to such a large scale, the future is very bright. Discover more about it in our mining dashboard.
Our Team
Meet our tech innovators
Screen Shot 2019-03-15 at 19.43.29
Jeremy Tan
Founder, CEO
Screen Shot 2019-03-15 at 19.43.48
Su Vichachai
CFO
Screen Shot 2019-03-15 at 19.43.38
Lim Chai Yang
COO
Screen Shot 2019-03-15 at 19.42.34
K. Kankhunthod
Chief Technology Officer
Screen Shot 2019-03-15 at 19.44.00
Tan Kian Wei Bill
Operations
Screen Shot 2019-03-15 at 19.44.08
Wilson Lim
Operations
Screen Shot 2019-03-15 at 19.44.17
Chen Gu Hai
Public Relations/Operations
Screen Shot 2019-03-15 at 19.44.25
Furat Al-Murani
Advisor
Screen Shot 2019-03-15 at 19.44.35
Andrew Fornes
Advisor
Screen Shot 2019-03-15 at 19.44.45
Leon Lim
Advisor
unicorn-white
The Marketing Team
Web Design & Marketing
Start: June 27th, 2018, 8:00 AM
End: June 26th, 2019, Sunday, 8:00 AM
Hard cap: $50M
Soft cap: $600k
Token: XENM
Current Price: 1 XENM = 0.25c
Project protocol: ERC20

XeNM Token Contract Address:

The following address is for the Xenium token contract. It is NOT a deposit address. Do NOT send tokens to it. To participate in the crowdfunding, please click through the Live Mining Dashboard to complete your KYC requirements. Upon approval, you will be emailed your unique wallet address for the purchase of Xenium tokens.

Payment Methods:

Disclaimer & Legal Terms and Conditions
The purpose of this White Paper is to present information relating to the technical aspects of our Veritas Mining project to potential Xenium token purchasers in light of the proposed token sale. Itis just an overview of our proposed project. This information is not intended to be exhaustive and does not constitute a contractual relationship. Its sole purpose is to provide reasonable information to potential Xenium token holders in order for them to determine whether to undertake, of their own accord, a thorough analysis of the company with the intent of acquiring Xenium tokens. However, if you decide to participate in our Xenium token sale to purchase Xenium tokens as an investment, Veritas Mining Company explicitly warns you that investing in Xenium [XENM] is deemed by traditional investors as a high level of risk.

Xenium’s Monthly Dividends, Paid To Date

March 2019 = 0.00000202 ETH/XENM

USD PER 1000 TOKENS = $0.268 (ETH US$132.64)

SUPPLY OF 14,046,600 XENIUM TOKENS

(75% DECREASE IN DIVIDENDS FROM DOWNTIME FOR MAJOR UPGRADES) (3.697% INCREASE IN TOKEN SUPPLY)

 

FEBRUARY 2019 = 0.00000846 ETH/XENM

USD PER 1000 TOKENS = $1.04 (ETH = $123USD)

SUPPLY OF 13,545,867.41 XENIUM TOKENS

(73% INCREASE IN DIVIDENDS) (7.498% INCREASE IN TOKEN SUPPLY)

 

JANUARY 2019 = 0.00000466* ETH/XENM

USD PER 1000 TOKENS = $0.60 (ETH = $129USD)

SUPPLY OF 12,601,049.56 XENIUM TOKENS

*INCLUDES INCREASE TO REINVESTMENT RATIO UP TO 50% WITH 50% TO DIVIDENDS

(2.5% INCREASE IN DIVIDENDS) (7.142% INCREASE IN TOKEN SUPPLY)

** ETC VALUE HIT HARD BY 51% ATTACK, FALLING 20% JUST PRIOR TO DIVIDEND REPORTING

 

DECEMBER 2018 = 0.00000706* ETH/XENM

USD PER 1000 TOKENS = $0.585 (ETH = $83USD)

SUPPLY OF 11,701,082.60 XENIUM TOKENS

*INCLUDES INCREASE TO REINVESTMENT RATIO UP TO 40% WITH 60% TO DIVIDENDS

(NO PERCENTAGE INCREASE TO DIVIDENDS) (51.38% INCREASE IN TOKEN SUPPLY)

 

NOVEMBER 2018 = 0.00000459 ETH/XENM

USD PER 1000 TOKENS = $0.825 (ETH = $180USD)

SUPPLY OF 7,729,537 XENIUM TOKENS

REINVESTMENT RATIO 30% WITH 70% TO DIVIDENDS

(7.24% INCREASE IN DIVIDEND) (65.53% INCREASE IN TOKEN SUPPLY)

 

OCTOBER 2018 = 0.00000428 ETH/XENM

USD PER 1000 TOKENS = $0.89 (ETH = $209USD)

SUPPLY OF 4,669,574 XENIUM TOKENS

REINVESTMENT RATIO 30% WITH 70% TO DIVIDENDS

(37.62% INCREASE IN DIVIDENDS) (19.12% INCREASE IN TOKEN SUPPLY)

 

SEPTEMBER 2018 = 0.00000311 ETH/XENM

USD PER 1000 TOKENS = $0.69 (ETH = $223USD)

SUPPLY OF 3,735,782 XENIUM TOKENS

REINVESTMENT RATIO 30% WITH 70% TO DIVIDENDS

(94.37% INCREASE IN DIVIDENDS) (31.51% INCREASE IN TOKEN SUPPLY)

 

August 2018 = 0.00000160 ETH/XENM

USD PER 1000 TOKENS = $0.45 (ETH = $282USD)

REINVESTMENT RATIO 30% WITH 70% TO DIVIDENDS

SUPPLY OF 2,840,653 XENIUM TOKENS

Frequently Asked Questions

USEFUL informATION TO CONSIDER ABOUT XENIUM

future-proofed For long-term sustainability 

 

The opportunity to get in at the funding stage of an expansionary tech startup, which already has a track record to judge it by, is rare enough. To also find a crypto startup which has so many advantages over its competitors makes Xenium’s medium to long-term outlook very promising. For example: starting operations debt-free; returning a profit, during the experimental phase, and every month from day one; access to manufacturers which allows for huge savings on hardware, to name a few.

Indeed, many of the extraordinary business fundamentals which underpin operations, resulting in its unmatched profitability in a bear market for the first 8 months trading, are gained from the collocation of Xenium at the Veritas’ facility, as a standalone operation and second business. The resulting synergies, scale advantages and symbiosis contribute a significant part to the unparalleled profitability of Xenium’s business model – in cryptomining – and compared to startups across all sectors of business. We believe it is a once in a generation investment opportunity. Read why, below.

What Is XENM?

Xenium is a fully compliant security token, registered in the crypto-friendly jurisdiction of Thailand, and represents a mining profit share. It is issued by Veritas, via the Ethereum blockchain, to investors participating in their Security Token Offer.

I Didn’t Even Know There Were Different Kinds Of Coins. What Is A Security Token And Why Is Xenium One?

There are at least three types of digital assets: Coins or Cryptocurrencies, utility tokens, and security tokens. By meeting the conditions of the Howey test, Xenium is considered a tokenized security, because the tokens represent shares of the business. Put simply, it means that when the business makes a profit, each token makes a proportionate share of the profits, too. In Xenium’s case, paid as a monthly dividend.

What Are The Funds Raised By The STO Going To Be Used For?

Xenium is a crowd-sourced cryptocurrency mining business, aiming to raise up to $50m via its Second Token Offering, launched in July 2018, for the purchase of hardware and expansion of their experiment into custom-built FPGAs, the most efficient mining hardware currently available. Due partly to its symbiotic collocated business model, which allows a massive 97% of all capital raised to be allocated to hardware deployment, Xenium already claimed an industry-first when it paid a solid dividend to investors for its very first month of operations – in bear market conditions!

When And How Will The Dividends Be Paid To Token Holders?

During the STO, 50% of net profits are paid as dividends, with 50% going into re-investment for expansion. They are calculated and paid monthly in ETH, after the 15th of each month, to the Ethereum wallet you nominated during KYC. However, changes to the ratio may occur throughout, but 50% of net profits to dividends, and 50% to re-investment would be highest ratio to dividend.

What Exactly Is Cryptocurrency Mining?

Cryptocurrency mining is a term coined to name an operation which uses computer processing hardware to verify transactions made between counter-parties, who are using a digital currency as a form of payment. Every transaction that has been made using that digital asset is stored on a distributed ledger, called a blockchain, which is a publicly visible record of all transactions. For every transaction, the records transmitted between each party must always match exactly what is on the blockchain, in order for them to be a success.

I Read That commercial Cryptomining Operations Make Huge Profits, e.g Bitmain. Is This True In Most Cases?

Whilst this can be very true, the reality is that most current crypto-mining ICOs from 2018, possessed business models that weren’t even able to profit, much less deliver on their huge, advertised ROIs, during the 2018 bear market. It also reveals that these business won’t be sustainable over the medium to long-term, as market conditions can rapidly fluctuate. Sadly, some never even began mining.

Where And When Will Xenium Have Access To Cheap Solar Power?

Our test solar project has had 0.1586mw of solar running since 7/2/19. We are still gathering data and have been feeding that power into our substation to power our current mining facility, including both Veritium and Xenium. Veritas has already gathered $400k USD of funding to set up 0.8mw farm. With it, we are running and discovering the optimum way to power our growing mining operation and ensure a huge source of clean energy profit. Thus far, we have roughly calculated that the maintaining of the farm doesn’t surpass 1c/kWh. Thus we forecast that it will be able to provide our whole mining facility with power around 2.5c/kwh. This will dramatically increase profitability from our current price of 6.3c kWh. We are aiming to have this in place by 2020.

Why Did Veritas Mining Launch An xenium During A Bear Market?

Again, look to Bitmain’s 2017 performance – mining can be very profitable, especially when an operations business model possesses the optimal mix of key factors. Veritas saw a unique opportunity to turn the company’s fortunes, after being hit hard by the current, long bear market. The facility had plenty of capacity just sitting idle, and we already had the experienced team in place. We were very excited by the possibilities of an incredibly efficient, emerging technology in hardware mining, called an FPGA. All we needed was capital to experiment with this new type of operation, and because we had so much success – with profitability from day one in the bear market – we began fundraising to expand as we could just add them to our current facility! 

Why Do Most Mining ICOs Go Bust, Or Fail To Deliver On Forecasts, Than Achieve Success?

Setting up a mining operation – including hiring staff – is expensive. These one off costs usually drain the majority of funds, before mining hardware can be paid for. There is almost always a significant period with no income, before any mining can begin. Mining is also very energy intensive. A company, first, must be able to make enough from selling the crypto it mines in order to pay for its: power costs, wages, maintenance, insurances, marketing and replacement of hardware just as a minimum. Anything remaining is their profit. Generating enough income to cover all outgoings will also be affected by perilous headwinds, such as downward price volatility or increased competition; or from the deployment of new and superior technology by competitors; even just an increase in the number of miners or difficulty factor. Therefore, the minimum a mining operation must have in order to survive, let alone achieve profitability, is guaranteed access to cheap electricity; and, mining with the most current hardware. However, unless the cost of labor, vital upgrades, rent – even poor management decisions – can also be kept very low, the operation will struggle to remain viable, long-term.

What Are The Advantages Or Differences Between Xenium And Most Other crowdfunded Mining ICOs, E.G. Ice Rock Mining, MIO, Ambit, envion?

Special access to the manufacturers in China of the most cutting-edge mining technology, allowing Veritas to build the hardware for one-third of the cost, a 3-to-1 cost advantage no other miner can dream of

Ability to allocate 97% of all capital exclusively towards the deployment of FPGA hardware, maximizing ROI

Access to new solar installation, and a renewable & eco-friendly energy supplier which rivals the prices of our biggest competitors in Europe, Russia, and China.

Very low labor costs in Thailand for running the operation, again, comparable to our toughest competitors

Dividends paid monthly and on time to token holders – something rarely seen by other ICOs to date

The security token is a share in profits with no end date – meaning forever

Veritas team is very experienced & are always looking to stay ahead with the advantage of new technology

Veritas Mining is a registered mining company in Thailand, and fully compliant with Thai regulations

I Have Read That Anyone Can Buy The Hardware And Make An Easy Side Income From Mining At Home, So Why Risk Investing In A Mining Token?

Whilst there may have been the opportunity to profit with home mining setups during the period leading up to the bubble for many people running a rig or more at home, the huge increase in interest and investment also caused the number of people mining from home, and commercially, to rise exponentially. This caused the difficulty factor to increase dramatically as well, which put simply means that the amount crypto mining could yield has decreased as the difficulty factor increased. That, combined with high power costs in the home has driven most home miners out of the game – which has also caused the difficulty factor to fall again. Further, investing in a successful miner allows people who don’t have the experience, space or many thousands to set-up at home, to profit from crypto-mining.

How And Where Can I Purchase Xenium Tokens?

First you will need to complete your KYC here, as Xenium is a registered security. Therefore, we need to cover our KYC/AML obligations. We use Accenture for approval purposes, so it’s properly legit and safe. Once you have been approved for KYC, more information and detailed instructions for how to purchase will be emailed to you.

What Risks Should All Investors In The Rapidly Evolving Crypto-Space Be Aware Of?

As with all investment into new markets, ‘early adopters’ should be aware of natural volatility. The fluctuations in cryptocurrency prices can be very extreme. All miners and their investors should be aware of the high risks, and be prepared to accept the possibility of low or even non-existent dividends when mining is not that profitable. Further, that there is the chance that a company may fold if cryptocurrency prices remain too low for the business model to sustain. However, with our unique mix of cutting-edge tech, cheap power, and low costs, Xenium’s exposure to these risks are very low, as shown already by our dividends, paid to date, all generated in a bear market. As always, DYOR!

How Will Xenium “Scale Up” To Remain Competitive With The Increasing Difficulties Of Crypto-Mining?

After reaching a majority consensus from investors in support of the team’s proposal to increase the proportion of re-investment from 40% up to 50% of net profits. This is put towards rapidly expanding the operation via hardware purchasing. A part of it also goes towards researching ways to innovate and develop better mining. We are currently utilizing FPGAs for mining – pay off for research and development undertaken by Veritas Mining Co.

How Does Veritium, The ICO, Benefit From Xenium’s Use Of The Facility?

In a change from the white paper, where it was prescribed that Xenium provide additional income to Veritium, of 5% of gross profits with an airdrop. However, we have recently updated it to 12% of Gross Profits in additional income to VRTM. This is to be used exclusively for the purchase and deployment of FPGA hardware in order to expand their mining operations and increase the dividends to VRTM token holders.

Will Xenium [XENM] Be Tradable?

The tokens will become tradable at the end of the STO. We have already secured the high volume exchange, Yobit. Whilst there may be other exchange listings possible in the future, XENM is a ‘security token’. Therefore, from an investment point of view, Xenium tokens generate passive income, by design. They should be considered more like a blue-chip share in a PLC, for example, which are generally held by successful investors as longer term and lower risk investments, not as speculative investments for arbitrage.

How Does The High Re-Investment Into The Expansion Of The Operation Benefit All Veritas Investors?

Purchasing more hardware for the expansion of our operation will not just increase the amount of crypto we can mine and sell, but also our power consumption. This adds the potential to reduce our power costs greatly if we can meet the required levels. We currently pay just 0.063 US$/kWh. However, due to our exclusive contract power, once we hit 10mW, the price drops to 0.0528 US$/kWh. Over 20mW = 0.0376 US$/kWh. Finally, over 30mW = 0.0285 US$/kWh. These savings are from our current supplier whilst we attempt to transition to full solar power from our farm.

What Hardware Are We Expanding Our Operation With?

We currently have quite a big edge over the competition with FPGA technology, so our focus is 100% FPGAs for now. However, we will change that accordingly to profitability and maintaining our policy of being future-proofed.

What Crypto Does Xenium Mine?

We will be mining Ethereum, Ethereum Classic, Zcash, Monero, Ubiq mainly. However, all these might change accordingly to profitability and liquidity of the coins.

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