Return on Invest: 161% per year
Normally when anyone sees that, all ponzi scheme and scam alerts should go off.
Between reinvestment and usual business a 3.88x returnon the original capital over 5 years(as suggested by the numbers estimated on the page you refer) isnt infeasible at all.
Maybe you cannot read, go to the website:
Invest $1,000
Projected annual token profit:
Year 1 $1,610
Year 2 $2,258
Year 3 $3,167
Year 4 $4,442
Year 5 $6,230
Total Profit: $17,707
They talk about 17,707 dollar profit with an investment of 1000 dollar. That is 17,7x the returnon the orginal capital over 5 years. Not 3.88x. Still no alarm bell? WTF
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.
World's largest and mediocre reviews arent mutually exclusive features.
That doesn't matter, fact is they list one of the worst exchanges ever. Whatever deceiving name they give then doesn't matter. No they didn't lie, so what? It is a bad exchange so it's still bad.
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.
From the "main" mineable coins only ethereum has declared intention to transition to PoS and thats still without a precise ETA.
Bitcoin, LTC, Dash and their forks/clones of the SHA256/Scrypt/X11 algorithm family are years away from even initiating such transition and even if say they were hypothetically PoS tomorrow mining altcoins would still be profitable.
Ethereum is 20% of the main mineable coins, it is even running this token. Power consumption is an issue. The issue is not solved by putting miners next to power plants. The issue is solved by using less wastefull algoritms. That is what will happen and what is happening. 5 years is forever.
Even the fact they reached exactly 100 million dollars with this ICO starts to ring a bell now.
On the contrary, such an amount can and will lead to economies of scale that will make it easier for them to achieve their goals.
I meant that I am not sure they 'really' got 100 million dollars. They can very much artificially say that. They wouldn't be the first ponzi scam artist to do that.