Good find! Since they are doing the same thing on their ANN thread, no surprise that they are shilling YouTube videos. I guess they went for full shill package.
Real question is, if Bitwing has phones and technology to mine without power consumption since April 2019, why the hell they need other peoples money? Thing is, they don't, according to them, they already have money making machines...
There are many questions about Bitwings as they promise a lot, and most of it sounds to good to be true, especially that 300% profit in 3 years part. Promising minimum value of their tokens is not any better either, considering they were selling those tokens for half the price last year.
The best, absolute best gear that's on the market that could deliver 2 eth a month means one and a half Inno A10 for each contract, but the starting price for that gear would be 4500$, 4.5x times what they get on for the phone, and 2x times what they get fro the plan, and it would also imply they take the hit for the electricity.
Damn, that's crazy amount of money needed to produce 2 ETH per month, and yet they promise that for period of 3 years, for such a low price. That 18 ETH they would charge for "Enterprise" contract is cheaper than 1 of that Inno A10miners. And then you add electricity cost etc.. As I thought, their calculation doesn't make any sense.
the only way to guarantee a set rate would be to take in millions from investors and pay it back out in increments - always ensuring you bring in more than you pay out - of course.
Therefore making it a classic ponzi, that will go on as long there is influx of new investors that will pay for earlier investors.
Looks like they have most of their funds from Wire transfer (over 74%) if we trust what they say.
That is over 387k USD in total they collected so far.
Might be that sale is not going as good as they planned, even though it started back in January 2019 so that's why they keep going on with new IEO rounds.
After all evidence presented, I think that is obvious what is going on here, so I am raising a flag. Please support
Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2034