Re: [ANN] ECOBIT : WORLD'S FIRST-EVER GREEN PROJECT ICO (BASED ON NEM BLOCKCHAIN)
Having done some research of my own, here are my conclusions in a nutshell;
On the one hand I think this is a very viable project; its' scale is huge, the team is professional, and as global warming continues to increase the urgency amongst the international community to implement more and more regulation regarding this matter increases also. So the CC/Carbon offset market definitely has a lot of potential and this project constitutes a large part of the voluntary market. The high level of professionalism of this project in general should weed out the worries concerning the negative aspects of the voluntary CC trading/carbon offset market. Also the fact that this project uses NEM means that this project has a huge advantage vis-a-vis other projects in the voluntary market since it assures to a large extent its legimitacy since all transactions and doings are written in the blockchain. This also should take away at least some worries concerning the negative aspects of the voluntary CC trading market.
On the other hand, Ecobit operates on the voluntary CC trading market, which is small in comparison to the compulsory market. I believe the entire market in 2014 was worth about 275 million Ecobit would have to get recognition from an organisation like Gold Standard in order to succesfully be able to compete on this market, which I think shouldn't be too hard considering the scale, quality and UN REDD+ endorsement of this project. Still then according to Ecobit their annual revenue they get is like 5-15 M USD a year, not bad, but not huge either. Still I am not sure how this is calculated. On their website they claim 800 M ton of Carbon over 30 years and according to reports the forecast price for carbon is about 15 to 50 USD in the near future, which would put the potential revenue way above 5 to 15M USD a year, but perhaps those forecasts involve the regulated markets. It's too vague for me to really comprehend, and I feel like this is the main issue with this ICO. It's vague on multiple levels. Like they already assured a deal for the next 30 years with Carbon offset/CC trading, however then why is this still listed on the ICO roadmap as though it requires 5k bitcoins to yet be implemented? It's vague because there is no central CEO, a public figure if you will, who explains all and can bear responsibility. It's also vague because the value of the project already is capped at almost 300 Million USD, with 8888888888 tokens of 3k satoshi, which I believe is a huge mistake. In its current format the ICO to me looks like this; an easy way to gain as much extra profits from this CC trading/offset deal as possible which imo is very sad because the business model involving Ecobits DOES have a lot of potential. Due to the professionalism and the scale of the project, the potential to create a billion dollar eco-tourism industry, the ecobits high-tech monetary system etc. it would be a very attractive investment imo if the team decided to keep 15-20 percent as premine and let the market decide the price with the ICO. If that were the case, personally I'd consider everything up till 30M ICO a very good opportunity to make gains in the future. This project demands trust that it's worthy of an almost 300 M USD market cap based on a deal in a relative small market, a good plan with a good team, but that's not in accordance with crypto dynamics. First you prove you are worthy of a higher market cap by delivering, consolidating fundamentals etc. before you rise in rank, that's the game and how it should be. The term "organic growth" should give an extra dimension to this project in order for me to be considered an attractive investment.
So in short; if team decides to provide the necessary clearity regarding the points just mentioned adjusts their ICO business model and let the free markets do their thing I think it's a good investment. In its current format it comes across as too vague and greed imo. There seems to be a trade-off between short term short-sighted greed and long term good standing reputation and realising potential in the long run. I am afraid in its current format the price would drop a lot once the tokens hit the free markets, thereby it will be hard to regain trust, if at all.
This is just my personal opinion, everybody should do his/her own research ofcourse.
On the one hand I think this is a very viable project; its' scale is huge, the team is professional, and as global warming continues to increase the urgency amongst the international community to implement more and more regulation regarding this matter increases also. So the CC/Carbon offset market definitely has a lot of potential and this project constitutes a large part of the voluntary market. The high level of professionalism of this project in general should weed out the worries concerning the negative aspects of the voluntary CC trading/carbon offset market. Also the fact that this project uses NEM means that this project has a huge advantage vis-a-vis other projects in the voluntary market since it assures to a large extent its legimitacy since all transactions and doings are written in the blockchain. This also should take away at least some worries concerning the negative aspects of the voluntary CC trading market.
On the other hand, Ecobit operates on the voluntary CC trading market, which is small in comparison to the compulsory market. I believe the entire market in 2014 was worth about 275 million Ecobit would have to get recognition from an organisation like Gold Standard in order to succesfully be able to compete on this market, which I think shouldn't be too hard considering the scale, quality and UN REDD+ endorsement of this project. Still then according to Ecobit their annual revenue they get is like 5-15 M USD a year, not bad, but not huge either. Still I am not sure how this is calculated. On their website they claim 800 M ton of Carbon over 30 years and according to reports the forecast price for carbon is about 15 to 50 USD in the near future, which would put the potential revenue way above 5 to 15M USD a year, but perhaps those forecasts involve the regulated markets. It's too vague for me to really comprehend, and I feel like this is the main issue with this ICO. It's vague on multiple levels. Like they already assured a deal for the next 30 years with Carbon offset/CC trading, however then why is this still listed on the ICO roadmap as though it requires 5k bitcoins to yet be implemented? It's vague because there is no central CEO, a public figure if you will, who explains all and can bear responsibility. It's also vague because the value of the project already is capped at almost 300 Million USD, with 8888888888 tokens of 3k satoshi, which I believe is a huge mistake. In its current format the ICO to me looks like this; an easy way to gain as much extra profits from this CC trading/offset deal as possible which imo is very sad because the business model involving Ecobits DOES have a lot of potential. Due to the professionalism and the scale of the project, the potential to create a billion dollar eco-tourism industry, the ecobits high-tech monetary system etc. it would be a very attractive investment imo if the team decided to keep 15-20 percent as premine and let the market decide the price with the ICO. If that were the case, personally I'd consider everything up till 30M ICO a very good opportunity to make gains in the future. This project demands trust that it's worthy of an almost 300 M USD market cap based on a deal in a relative small market, a good plan with a good team, but that's not in accordance with crypto dynamics. First you prove you are worthy of a higher market cap by delivering, consolidating fundamentals etc. before you rise in rank, that's the game and how it should be. The term "organic growth" should give an extra dimension to this project in order for me to be considered an attractive investment.
So in short; if team decides to provide the necessary clearity regarding the points just mentioned adjusts their ICO business model and let the free markets do their thing I think it's a good investment. In its current format it comes across as too vague and greed imo. There seems to be a trade-off between short term short-sighted greed and long term good standing reputation and realising potential in the long run. I am afraid in its current format the price would drop a lot once the tokens hit the free markets, thereby it will be hard to regain trust, if at all.
This is just my personal opinion, everybody should do his/her own research ofcourse.
Hi,
Thank you for your comprehensive post. Hero member's post are always sensible and logical.
We did a 30 years cash flow projection model with DCF of 10% to get the current value.
Anyway, we will be posting a fixed schedule on "FB live" on a weekly basis with the team members so that you can ask some questions if you wish to do it.
Mr Tang is the key driver for EcoBit and for the carbon credit project too as you can see from the news. The 5k milestone is necessary for the project verification and validation and % profit to be transferred back to EcoBit.
Well, in logical terms, once we free float it, if you buy now at $0.03 and once we float it at $0.045, there will be just 50% upside. In term of crypto, that is not a huge upside, which i can understand and potential downside too , but from our understanding, it would not happen as most of our participants are long term basis (more than 6 to 12 months) and for the near future, our Aquaponics and Spirulina Farm will be ready and running within 3 months after our ICO ends.
Thanks for your patience and understanding.I feel like it's hard for me to make an accurate assessment due to the fact that there are so many variables and complicated dynamics involved so maybe I came across as a little too critical. However I feel like you would do all of us potential investors a huge favor if you could clarify till what extent the tokens that are not being sold during the ICO and are held by the team will be a part of the market capitalization, how will they be used? Also, all these projects sound great, have you thought about creating an eco-tourism industry also, will Ecobit tokens be used in such a context or nation wide, or perhaps both? it seems to me that there is a lot economic potential regarding the establishing of a viable eco-tourism industry in the region, or perhaps nation wide. If the business model aligns with the greatness that this project intends to radiate and mainstream investors get involved, then I think this project has a lot of potential to flourish into the billions over time, mainly because this is a market with a lot of potential and demand in the future. The only thing that can thwart a great future is individual and short term greed/profit at the expense of a great future, which happens quite a lot actually, so I really hope you guys will clarify a lot concerning the risk/reward ratio for investors. Will there be a common spirit driving this project along holistically or will implementation be fragmented? for investors it's important also to know there is a great vision behind the project that goes beyond the big picture, a specific vision applicable to this project. For that I think it's important for Mr Tang to let his voice be heard and be able to explain exactly how it's all supposed to come together. There is potential of the project and then there is the business model, till what extent these line up determines till what extent this project can be considered a good investment. You guys did a great job so far explaining/expressing the former, now it's also time to focus on the latter.
Thanks for your patience and understanding.I feel like it's hard for me to make an accurate assessment due to the fact that there are so many variables and complicated dynamics involved so maybe I came across as a little too critical.
No worries, as the whole vision and concept might too overwhelming initially, but gradually with some Q&A session, things will be clearer.
However I feel like you would do all of us potential investors a huge favor if you could clarify till what extent the tokens that are not being sold during the ICO and are held by the team will be a part of the market capitalization, how will they be used?
Any EcoBit not sold will be held by the team and divided for each segment, like Long Term Investment, Short Term Investment, Acquisition, Sales & Marketing, Research & Development , Projects & etc. The percentage is not yet determined, but we will decide once ICO is over.
We will practice announcement like Public Listed Company (PLC) do, if we want to sell or buy any of the EcoBit in advance notice, if the total amount of EcoBit involved more than 5% of the total issued EcoBit. We are not into pump and dump, and price variation is very important to us, we wish to achieved slow and steady increment in term of participants and price, on long term basis.
Also, all these projects sound great, have you thought about creating an eco-tourism industry also, will Ecobit tokens be used in such a context or nation wide, or perhaps both? it seems to me that there is a lot economic potential regarding the establishing of a viable eco-tourism industry in the region, or perhaps nation wide.
Yes, the EcoBit Hotel & Eco Tourism is supposed to address this specific project. We shall do it locally within Phase 2 (first one year) via used- container concept (but it wont looks like container from the outside) , and then nationwide. We will integrate our EcoBit Blockchain Card to track and use for the benefit too and for POS system too.
If the business model aligns with the greatness that this project intends to radiate and mainstream investors get involved, then I think this project has a lot of potential to flourish into the billions over time, mainly because this is a market with a lot of potential and demand in the future.
This is our idea in the first place and after our ICO ends, we can start show casting our projects to potential participants. The idea is to create a platform for mainstream and international people to participate and enjoy the benefit. Once we achieved Phase 2, we would like to interested parties to join us in Phase 3, where we can duplicate the whole idea to another country.
The only thing that can thwart a great future is individual and short term greed/profit at the expense of a great future, which happens quite a lot actually, so I really hope you guys will clarify a lot concerning the risk/reward ratio for investors.
Please understand the age range of our team members are from 30 to 60 years, and not some young kids who has never manage big projects and millions of dollars. We trust in 2 years time, people will be asking this question Which coin listed in coinmarketcap is backed by real projects like EcoBit?
Will there be a common spirit driving this project along holistically or will implementation be fragmented? for investors it's important also to know there is a great vision behind the project that goes beyond the big picture, a specific vision applicable to this project.
The vision for EcoBit is focus on green, sustainable and renewable projects and healthy lifestyle, so that the members can enjoy the constant benefits from their projects on long-term basis.
For that I think it's important for Mr Tang to let his voice be heard and be able to explain exactly how it's all supposed to come together.
The team and Mr Tang will be doing a FB Live session. The schedule will be posted shortly.
There is potential of the project and then there is the business model, till what extent these line up determines till what extent this project can be considered a good investment. You guys did a great job so far explaining/expressing the former, now it's also time to focus on the latter.
If any projects milestone are met, the Aquaponics and Spirulina Farm will be up and running within 3 months time. For those risk adverse, this might be a good time to join the EcoBit Family as it will be listed on few exchanges and first blood has passed (If any).