It’s been a while. I have a lot of questions that I want to ask you, so please bear with me.
I know you have a big announcement, but can I firstly ask about how REGAIN is doing?
Sure, go ahead.
The expansion of your mining machines is going at a nice steady pace, isn’t it?
Yes, it's going very well. As originally planned, we have expanded the ASIC-HARDMiner4.1 to the mining pools who have a vendor contract with us based on the 5,000 REG sold at the first stage of our crowdsale with a mining machine industry reach share of approximately 27%. During the first stage we managed to install ASIC-HARDMiner4.1 across five countries, both large and small. We expect this to keep going smoothly into the future.
Are the token holders feeling reassured since the amount of dividends being paid out is close to what was expected?
We're actually aiming to provide more dividends. The expected dividends were what we considered the minimum that we could reliably pay out.
From now on we want to keep working together with our mining pools to improve mining efficiency and put this back into every last part of the system including the hardware arrangement and operating environment.
How is the high level of volatility in the value of BTC seen? Does it have any kind of effect on anything?
It has a huge impact on people entering the market for speculative purposes.
But as I keep saying, this is what you can expect when something new and big is on the horizon.
When it comes to the price, we don't believe that there will be a huge amount of volatility in the value of BTC in the future.
We think that the value will rise to $100,000 USD = 1BTC relatively soon.
We still see the value of BTC as gradually rising, like we have from the beginning.
Lots of different types of major corporations from around the world have been announcing their entry into the mining industry, how do you feel about that?
We see it as a very good thing that established large corporations are starting to take notice and getting involved not only with mining, but with cryptocurrencies in general.
It means that they also think that cryptocurrencies have a bright future ahead of them.
It feels as if people are finally starting to really take notice of the blockchain technology used to support cryptocurrencies as each country grapples with what regulations to put in place.
Yes, it feels like we are gradually breaking out of this preliminary phase and moving onto the next one.
What do you think this next phase specifically comprises of?
We're calling it the development phase, but we believe that because of the users who are getting involved on a purely speculative basis, that existing large corporations and financial institutions are going to be taking more and more notice of BTC and the technology that supports cryptocurrencies as a whole.
You've probably already realized this, but this development phase has already begun.
I guess the fact that countries are now starting to implement regulations means that they are starting to firmly acknowledge this technology, which is a positive.
Once the regulations are in place, then companies who have strict compliance rules will be able to join in more easily and this should push the industry even further forward.
So I guess BTC is what is really driving the cryptocurrency industry?
Yes, there's absolutely no doubt about that in everyone's minds.
However, the existence of other cryptocurrencies is vital to further developing the industry.
So what are these other cryptocurrencies? I’d quite like to know.
At present there are lots of different larger and smaller cryptocurrencies available, but for the most part, these projects are not seeing much in the way of progress.
However, there are still some with a defined purpose that are developing nicely.
If currencies that support BTC, which has become a bit of a yardstick, did not exist, then we wouldn't be able to stabilize the cryptocurrency industry.
So, you have a big announcement for us, don’t you?
We've been working under the intention of putting BTC back in the hands of users to support this dawning of BTC.
It's because of the cooperation we have received from all of our REG token holders and mining pool that everything has gone according to plan.
We believe that in the next phase it will be essential to promote the cryptocurrency industry as a whole.
That's why we have decided to release ASIC-HARDMiner SC.
ASIC-HARDMiner SC?! What kinds of currencies does it support?
First of all, "SC" is a shortening of the word "Scrypt."
Scrypt, the algorithm supported by ASIC-HARDMiner SC, works with various cryptocurrencies, including Litecoin, and can be used to mine the currency that is the most optimal right now. For more information, see our sc-paper.
Both the cryptocurrencies that use this Scrypt algorithm, and the major currency Litecoin, are currently in a state of oligopoly, just like BTC was in the past, with over half of the hash power coming from Chinese companies.
We are aiming for a sound, user-driven cryptocurrency market, because at this rate confidence could be lost in cryptocurrencies themselves.
We are aiming to make the cryptocurrency market healthier by providing the mining pool with high power mining machines in revenue shares as system vendors with our REGAIN project, much like what happened with the Bitcoin market.
This is why we will sell the capital for ASIC-HARDMiner SC expansion as RSC tokens in our Crowdsale SC.
Has it been confirmed that RSC will also be listed?
Yes, it will be listed!
So REG 1-4 and RSC will be listed as separate tokens at the same time?
When they’re listed, REG 1, 2, and 3 will go on as REGΔ (REG Delta) tokens, REG 4 will go on as REGΣ (REG Sigma) tokens, and RSC will go on as RSC tokens.
Right now we are still hashing out the final details with the other parties involved, but we are due to list everything at once around mid-December 2018.
So you've already even decided on the token names for when they become listed!
Which means that even the minimum price of REG1 and REG2 will exceed the $5,200 USD price tag that REG 3 went on sale at, right?
Yes, of course!
But that really is the minimum, we have a price larger than that in our heads.
Once REGΔ (REG1-3) is on the market, all of the mining machines that operate REGΔ will be updated to the same standard as REGΣ (REG4), and once they are seen to be working reliably, REGΣ will be integrated and, naturally, the dividends will also become identical.
I hope everyone is looking forward to our complete REG token listing!
Thank you for going into so much detail about the listing period and your announcement!
I’m happy with that and looking forward to what REGAIN brings in the future.
Thank you for taking the time to talk to me.
Across the world large companies are going into the mining business, do you foresee that dividends will remain stable?
Will the new mining machines continue to be updated over the months and years after ASIC-HARDMiner5.1?
Why did you sell REG tokens over four stages of crowdsales?
Once the upper limit for Bitcoins coming into existence is exceeded, will dividends stop?
This is a question about REG tokens, but will dividends only be allocated for those tokens bought in the ICO? Or will dividends be allocated on all tokens including those bought and held after listing?
What will happen in the worst case scenario that the project does not acquire the capital that it expects to?
How is development going on your own wallet?
From the first sale of REG tokens and through the second and third, the purchase price has risen and the dividend amount has gotten lower.
I understand the reasons for that. However, for the fourth sale, the price is the same as the first and the amount of dividends has also increased.
What does this mean?
Does this mean that if I buy tokens on the fourth sale, that I can buy them under better conditions and get better dividends?
Does this mean it's better to buy them in the fourth sale rather than the second?
Right now the value of Bitcoin is falling very quickly, but there was a time when 1BTC = $20,000 USD. What happens when BTC has a high value and times like now when it is lower in value? I feel like I could buy more tokens when the value is low, but when do you think is best to buy REG, when the value in BTC is lower or higher?
Will the regulations that each country has in regards to cryptocurrency affect Project REGAIN?
Is there any information about when the REG tokens will be listed on the exchange?