What is Borneo?
With the initial funds we gathered from ICO, we will engage three projects as our first portfolio. They are; Coal Green Mining, Independent Power Plant and Cryptocurrency Mining. All these projects will be taken place in Borneo island. The profit gained from these projects will be returned to Borneo coin holder and some will be reinvested to other projects.
COAL GREEN MINING
Despite humankind starts to move toward renewable energy, it is hard to deny that right now we are still dependent on fossil energy like coal. Fact is, developing countries in Asia, such as China and India, are using more coal. And Borneo island is rich with coal reserves to meet global demand.
INDEPENDENT POWER PLANT
We are hedging our coal-mining operation by building coal-fired power plant to create electricity from our excess production if any. The electricity will be sold to government and also will power our cryptocurrency mining site. Solar power plant also in our plan to take advantage of Borneo island being located on the Equator.
Cryptocurrency mining can be seen as a way to convert electricity to money, while empowering the blockchain community. It is almost an obvious decision to including this project in our portfolio.