Has anyone considered how much $ this project has likely lost already given they priced the token during maximal ETH price from Dec to Jan.  $1400?  The timing of EVN's ICO was an unfortunate perfect storm that destroyed huge amounts of value as ETH tanked to its current price.  Around $450.

Nobody will sell you mining equipment for a fixed amount of ETH.  Raising all your mining equipment funds in ETH at a price of:  $1400 USD and then having them now sit at $450 USD (current price) means that approximately 68% of the ICO purchase power has been wiped out assuming they received it in ETH and have not hedged or protected themselves after the raise.

Can anyone confirm they sold the bulk of the ETH ICO proceeds at $1400 to dollars ??   I highly doubt it.

I suspect that this project has lost about 68% their funds since the $100,000,000 ICO.   Which means they probably have around $32,000,000 USD left at current ETH prices to purchase mining equipment.

Which is to say that the token price should probably be at $0.32.   But then mining profitability has also more than halved.   Which means it should probably be priced no more than $0.16 per token.

Thoughts?   You agree?  Disagree?  All comments welcome!