Infinity Token is the deflationary and redistributive token powered by cryptocurrency mining. Infinity token is built on the Ethereumblockchain and aims to enable the costly process of crypto mining. IT claims to be the first token that uses mining as its value proposition. The token also aims to introduce a solution of using buyback and proportional redistributions to the high operational and purchase costs of owning a cryptocurrency mining rig problem.

Buyback in cryptocurrency is buying the tokens from the community and storing them in the developer's wallets. Buyback limits the supply and increases the overall value of the company’s crypto assets. The two most popular methods of mining are ASIC and GPU mining. Application-specific integrated circuit(ASIC) mining creates a circuit to work for a single cryptocurrency. This means an Ethereum ASIC miner can only mine ETH.

Furthermore, the mining farms are created by trading IT tokens. Also, the profit earned from mining is then used to buy back and burn IT tokens. Cryptocurrency burning is when a fraction of tokens is sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.

IT benefits its investors by making them a part of one of the first ERC-20 tokens to reward holders in Ethereum through proportional redistribution. The reason behind rewarding in Ethereum is that this eliminates the possibility of investors losing value due to redistribution-profit-taking.

For example, if someone trades IT, they pay a transaction fee; five percent of the transaction is reserved for ETH distribution. Since ETH is used to buy, five percent of ETH is withheld. At the end of each volume day, a big pool of ETH is left distributed among all holders proportional to the supply percentage of IT they’re holding. Moreover, this turns out as a way of funding for the mining equipment and resources necessary to operate the mining farm.

Infinity token works on a “green plan.” The aim is to limit electrical consumption and take the industry to a cost-effective and climate-friendly world. Thus, the green initiative aims for the low-cost, low-consumption mining of Bitcoin and Ethereum. The IT team also has a special admiration for space and wants to support space exploration. Its name comes from the idea that space is infinite.

The CEO of Infinity token is Roger Malcom, with good experience to lead Infinity Token and meet its mission. Jake Beischlag is the chief officer for the marketing department at Infinity token. He is also the former business owner and current investment manager at cryptocurrency's Group of Seven.

As per its whitepaper, the total supply of IT tokens is 5,000,000,000 (five billion) launched with total liquidity of 10 ETH.

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