While there are fewer and fewer people who raise doubts about the future role of blockchain as a fundamental component of international economic and financial relationships, data management, and e-governance, the fact that Bitcoin mining requires ever-increasing amounts of electricity and leaves a dangerously high carbon footprint gives ammunition to the critics of cryptocurrencies. Even if we leave crypto out of the equation, the ongoing global progress, which marks the transition to the so-called fourth technological paradigm, is still associated with the unprecedentedly high electricity consumption, thus forcing the innovators to seek balanced solutions.
A group of such innovators/crypto enthusiasts from Mongolia claim to have arrived at a solution that would allow satisfying the demand not only for cryptocurrency mining but also for the entire electrical power market. To achieve that goal, the team organized a sale of utility token with a ticker KVN, which is adherent to the Ethereum token standard.
The Karvuon’s ambition is to build an ultra-modern industrial park in the heart of Mongolia, an Eastern Asian country that has a vast territory of 1,5 million km2 , which consists mostly of deserts and steppes, and has over 300 days of sunshine per year, most of which are very windy. All these factors constitute exceptional prerequisites for the mass production of energy from renewables. Moreover, Mongolia is relatively rich in natural resources, specifically coal and other fossil fuels, which supplements the list of options for efficient mass production of electricity. The projected industrial park will include the following elements:
All operations carried out within the Karvuon ecosystem will be duly recorded on the blockchain; the KVN tokens will grant access to the network and will be used as a payment vehicle as well as a means for P2P transactions and allocation of dividends.
Karvuon is now having a presale of KVN tokens that will end on January 10, 2020. The IEO will commence on January 15 and end on the 29th of the same month. The price of 1 KVN is $0.02 - the minimum investment threshold hasn’t been announced yet. Tokens can be purchased only with Ethereum. Whitelisting and KYC are mandatory.
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|Start||January 15, 2020|
|End||January 29, 2020|
Certainly, the idea of building a huge industrial park for the production of electricity is marvelous, but I wonder what's the stance of the Mongolian government on this initiative. I have read the project's whitepaper and didn't find any mentions of official permits to build such an infrastructural object, let alone conduct some business operations. Besides, producing power from fossil fuels is so out of fashion. Nowadays, people are crazy about renewables. I saw that they promise to make a switch to eco-energy, but do you really believe them?
Krazy Mick February 6, 2020 Reply
Karvuon looks like a startup with a well-elaborated vision and business plan. Mongolia is undoubtedly one of the most suitable countries for such an industrial park since it has the appropriate climate and the necessary spectrum of resources. I will keep an eye on this project as it seems super-promising to me.
Giovanni Russo January 24, 2020 Reply