I just found the Embermine project today and I've been trying to get up to speed and understand everything. I've read the WP and scanned through much of the Telegram Embermine Updates, Steemit....etc. I'm still somewhat confused on a few areas:
1. MBRS are the Base tokens that are used for PoS to secure the Blockchain & provide access to the Embermine Platform for users. New UserID sign-up only requires 1 MBRS to open an account.
- Are there any other use cases for MBRS beyond PoS & Acct registration?2. This is where I get really confused. The WP lists HEAT & SPARKS as the Transactional Tokens on the platform. HEAT can not be purchased but only earned through consistent community participation in the Embermine platform. Then in Telegram I read that the names have been changed from HEAT to SPARKS, & SPARKS to ION. Also there is TBD release dates for ION & SPARKS.
- Are SPARKS & ION being released to MBRS holders sometime in the future (TBD)?
- Will users still acquire SPARKS through their community participation on the platform?
- Once the platform is operational, how will people acquire ION (the token of value used to conduct Embermine transactions including purchases of digital goods, smart contracts & other applications).
- It appears to me that the main token of value will be ION and not MBRS? What is going to drive demand/value for the MBRS token? 3. Approach to the Mass Market and how to grow the Embermine user base. From the WP it states: "with our payment capture technology, revenues that occur on other market places, such Amazon, Google Play, or iTunes can be intercepted and processed by the Project Compact within Embermine, we can bring some of the novel functionality to Users' products in existing marketplaces."
- What exactly does this mean? How do you/will you intercept these revenue streams?
- I actually found this Steemit article while researching and I'm curious if her explanation about the MBRS Revenue Sharing mechanics is accurate? https://steemit.com/embermine/@coincravings/why-putting-usd100-in-embermine-coins-today-will-set-you-up-for-life4. My final point is an observation rather than a question. After doing my research, I can see that Embermine has a unique and disruptive business model and my gut tells me that this is something worth exploring/investing in. The team is also to be commended on all their hard work thus far. I've been in crypto for only 1.5 years and I am the first to admit that I am not technically inclined (I'm an investor), but these were my initial thoughts when I reached the Embermien website. I think I am the typical audience that will be looking at Embermine:
- There's not really any information on the website that tells me what the project does. What problem is Embermine solving?
- After reading the WP, I didn't gain a lot of clarity. There's many moving parts to the project. Will the average person take the time to try and understand all these moving parts (ION, SPARKS, MBRS)? Might be helpful to refine the message/information on the website to grab potential 'drive-by' users/investors.
- If the Revenue model from the Steemit article IS accurate, then that's the kind of information that you need to have front and centre throughout all your media avenues
(Website; BTCT; Twitter....etc) . That's a significant and strong selling point for people to want to obtain MBRS!!!
5. I've also seen a couple comments/references to the
EOS platform. Given that Embermine is using bitUSD (BTS) for some of its asset pegging, and BTS is a Larimer project, is there going to be some form of affiliation/use of the EOS platform with Embermine?
Sorry for my lonnnng post but as I said, my gut tells me that Embermine is a solid project and I want to be invested. Just gotta do my DD first. Thanks!