It doesn't even matter if it's a scammy shitcoin set up as a hyip scheme with 161% profit per year, as per what the website/whitepaper say. You just have to put all your money in it and hope that it will do a 10x.
The entire market makes me wanna fucking vomit
On the home page:
Return on Invest: 161% per year
Normally when anyone sees that, all ponzi scheme and scam alerts should go off.
Next:
One of the worlds largest cryptocurrency exchanges, HitBTC, will trade EVN tokens after the envion ICO completes
This thing has 1,5-2 star reviews on all crypto exchange review pages.
Another aspect is that they assume GPU/ASIC mining is the future for at least the next 5 years.
If tomorrow the main coins are going proof-of-stake or proof-of-capacity, this whole project goes to the drain.
In an MMU setup with a combination of 50% ASIC- and 50% GPU miners, the total
ROI of envions proprietary mining operations is 181% (calculated on Nov. 24th 2017).
O comon. The mining scene is the most risky scene in the entire cryptoland, even more risky than holding or trading. They use predictions on the all-time mineable-coins peak to come to a 161-181% ROI a year and then put this on the homepage chart with a 1-5 year drag bar?
Even the fact they reached exactly 100 million dollars with this ICO starts to ring a bell now.