Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, April 12 2019 - 17:26
ShaktiCoin Issues Note of Caution to Public Clarifying Who Can Have Access to Shakti Coins
BERKELEY, Calif., Apr.12, 2019/PRNewswire-AsiaNet/--

The registration to mine the Shakti Coins will be opened country-by-country in 
the days to come and Shakti Coins are not available for purchase

The Swiss Shakti Foundation issued ( today a note of 
caution to the public announcing there is no imminent initial coin offering 
(ICO) of Shakti Coins. Early adopters should not be fooled by any individuals 
or entities claiming to have access to Shakti Coins for purchase. Shakti Coins 
can only be mined. Therefore, no coins are available to be purchased from 

The registration to mine the Shakti Coins will be opened on a 
country-by-country basis in the days to come. A limited number of power mining 
licenses will be available to active miners in proportion to population. For 
instance, India, China and the U.S. will have equivalent numbers of power 
miners in proportion to their population and made available on a first-come, 
ShaktiCoin encourages the enthusiasm surrounding Shakti Coins but wants to 
encourage everyone to pay attention to the details and avoid purchasing fake 

The Shakti ecosystem is engineered to hold a stable value of USD 5.00. 
Therefore, there is no possibility or opportunity for pump and dump plotters.

Distributed Mining Ownership

The Shakti Network will always be 100 percent owned and operated by the public. 
Any person or entity can participate as a node operator (miner) of the Shakti 
Network. The Shakti Foundation has preserved Satoshi's singular mandate of 
inserting ownership within the hands of the node operators. The mining of 
Shakti Coin is democratically distributed across the world and reinforced by 
node operation at the rate of one node license for a natural person. The 
Berkeley, Calif. office has the mandate to achieve regulatory compliance and 
ensure fair allocation of nodes (miners) worldwide. 

The PoE protocol replaces Bitcoin's power-hungry protocol without compromising 
on security. For example, a computer dedicated to mine Shakti Coin with T400 
Power Mining license would consume about the same power as an email server, yet 
potentially capable of producing a projected mining income of USD $10,000++ per 
month in equivalent value in SXE within 18 months.

Only can distribute Mining licenses. Please be aware of 
phishing email invites or fake websites with "close enough" URLs (ex: This sort of thing has become common, so we urge potential miners 
to pay attention to the details. 

Mining of Shakti Coin will be limited, especially at the outset. The number of 
mining slots available will grow with the network. Right now, the Shakti 
ecosystem will only accept a handful of Power miners on a 
first-come-first-serve basis. 

About ShaktiCoin: 

The Shakti project is an international grassroots initiative that exists 
independent of any affiliation with industry, government, religion or political 
party. The Swiss Shakti Foundation is a public benefit organization based in 
Zug, Switzerland tasked to provide impartial oversight of the Shakti ecosystem. 
Learn more at

- Picture is available at AP Images ( -

Miners - help introduce smart money to the masses!

Swiss Shakti Foundation 
Rigistrasse, 2 CH-6300
Zug, Switzerland
Tel: +41-41-266-07-67

Source: Swiss Shakti Stiftung