Mill of Blood (TEIOS)
Privacy & Security
Decentralized solution for entrepreneurs that solves the regulatory challenges of data privacy by applying the automation of KYC and KYS processes
A project that started in the contemporary art exhibition dOCUMENTA14 in Germany, where a wooden mill is minting physical coins. We have launched our own cryptocoin, called TEIOS, created everytime a real coin is minted in the exposition.
The reward for block resolution will always be 1 coin and there will be a 2 minutes space between blocks starting at the end of the ICO.30,000 more teos will be created by mining in order to maintain the Teios network. We are using Creativechain blockchain, whose algorithm is Scrypt. It is a fork of Litecoin Seqwit
|ICO start date||29 Jun 2017|
|ICO end date||14 Sep 2017|
|Additional Token Emission||No|
During the 100 days that dOCUMENTA 14 will run in Kassel the MoB will produce as many teios as the audience manages, out of a limited of 30,000 planchets. 30,000 more teos will be created by mining in order to maintain the Teios network Visitors to Documenta art exhibition or this website will be able to buy the tokens generated each week. The number of existing tokens will be distributed in proportion to the invested value in BTC each week from July 1st, 2017. The mill will be the only miner of the network until the end of the ICO and it will be destroyed at the end of the art exhibition as well as the mold used for the physical coins.
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