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Showing 8 of 8 results by RuhannS
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Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
by
RuhannS
on 01/12/2017, 14:31:41 UTC
Is there any bounty program.

The bounty program can be found right at the top of this thread. The bounty allocation is as follows:

Bounty Allocation:
25% Signature Bounty
20% Translation Bounty
15% Twitter Bounty
15% Facebook Bounty
15% Telegram Bounty
10% Blog Bounty

I think the translation bounty is already closed, but I think you can still aim for the rest. Good luck!


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Board Tokens (Altcoins)
Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
by
RuhannS
on 01/12/2017, 14:24:32 UTC
Envion is selected by ICO Drops!  Cheesy  See https://icodrops.com/envion/

According to ICO Drops, Envion scores MEDIUM considering everything. They score the Hype Rate very high, the risk rate normal, but the ROI rate low. This is the information on 1 Dec 2017 at https://icodrops.com/envion/.

I am a little surprised about the ROI rate. Envion is claiming 161%. We all know the proof is in the pudding, but I would love to know why Coin Drops is rating the ROI low. Coin Drops don't motivate why they give these scores. According to them the ROI Rate is defined as follows:
"This parameter shows how much the token can grow after its exchanges entering. It means short-term and medium-term growth. The parameter depends on the ICO conditions and results of similar category projects in the past."
Maybe it's the past failures keeping the ROI score low?

Except for the ROI rate, I think Coin Drops are happy with Envion.

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Board Tokens (Altcoins)
Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
by
RuhannS
on 01/12/2017, 13:57:51 UTC
I think Envion will be the best ICO of mining equipment. All the others are not even close to what Envion is going to offer. not even close.

It is very reassuring to see a Hero Member with that amount of posts/experience to be of this opinion. It says a lot. I am very interested to see what happens in the following year. I believe Envion has all the software and hardware to back up their claims and business model. Let's what happens.
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Board Tokens (Altcoins)
Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
by
RuhannS
on 01/12/2017, 13:26:52 UTC
Hi team, good news that the project has attracted some large investors. But please explain one thing to me, a potential small investor - I thought that the only way you plan to collect the money to start the project is via ICO, and that you are planning to distribute 100% of the profit to token holders. However, if you get other large investments outside the ICO, how would you distribute the profits then? Then it wouldn't be 100% of profits to token holders, as the large investors outside the ICO would also want their part of profit? Please explain.

Hi there.  

The ICO is essential to the success of envion, but the envion machine has more moving parts to it.  Envion distributes 100% of profits from Proprietary Operations (PO)—where envion owns and operates Mobile Mining Units—with our token holders.

If that were the only line of business, there would be no money to run the company.

The other part of the business is Third-Party Operations (TPO)—where a customer purchases MMUs and envion operates and maintains the mining units.  Envion distributes 35% of profits from TPO mining operations.  This has always been where envion's operating revenue comes from.

There are some important things to note about the difference between these two revenue streams:

First, the growth rate for PO is more or less fixed because there is a one-time investment, the ICO, and a 25% reinvestment policy that written into the smart contract.  Once the production run of PO MMUs financed by the ICO are deployed, growth will be steady at 25% forever.

Second, the growth rate for TPO is not fixed.  The more customers that want to purchase MMUs, the greater the growth of profits for envion AND for token holders who earn 35% of the TPO mining operations revenue.  This growth rate is infinite and PO is isolated from it.  That means if it grows, token holders earn more money. If it shrinks, PO will never be threatened—they are two separate business arms and, as indicated in the whitepaper, a separate business entity—a subsidiary of envion AG—will even be created to manage PO.

Lastly and most importantly, these are not two competing business divisions.  The PO MMUs will be the first to roll of the production line and the first to be deployed and installed.  The TPO units will only help to further corner the market and assure that envion gets the best deals, continues to innovate our product, and becomes and indispensable service provider to blockchain-dependent industries.

So this is a positive development for token holders.  More investment in the company means a healthier envion and a larger TPO operation which will increase dividends.  That was always part of the plan and now it's just happening faster than we could have imagined.

Tl:dr Token holders profit's are fixed for PO.  TPO growth is unlimited and token holders get 35% of TPO mining operations—that's the part that will scale much faster via these new deals.  There is no competition between the two.

Thanx for this answer Envion. We were discussing this very exact issue yesterday and wanted to post/ask it - but now we have the answer.

I do have one other question if you don't mind answering: As we have more MMUs running, the difficulty level of mining will probably increase. If we sell more MMUs to third parties, the mining difficulty will increase more and more. Is there some "sweet spot" where you will level off with the selling and production of more MMUs in order for your existing MMUs to remain effective and profitable? I know its difficult to answer as we know difficulty will increase anyway - whether Envion is there or not, but obviously we don't want to hang ourself with our own rope.
If this questions has already been asked, I apologise for the repetition, just show me the link and I will read the answer there.
Thanx
 
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Board Tokens (Altcoins)
Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
by
RuhannS
on 01/12/2017, 13:13:46 UTC
One question.
When ICO start there is high possibility that everyone will not be able to buy tokens as much as we want.

How will you deal with it. I mean, you said that we will have to register first and than transfer our eth. So what if i transfer my eth and theere is no any token left for example?

And one more thing, after we register can we make payment that second or we need to wait for account verification?

Hi Vlalonca,

We hope that everyone who wants to purchase tokens gets to buy them, but there is a distinct possibility at this point—with more than 70,000 sign-ups for the pre-sale alone—that tokens will sell out before the end of the ICO sales period.

Tokens are generated instantly when your payment is received.  If there are no more tokens, then your transaction will not be completed and your ether will be refunded to you instantly. 

I have an update on KYC process and registration:

Whitelisted users should be able to pre-register by the end of next week.  You will also be able to start KYC process.  For 90% of users, that will be almost instant.  For the remaining 10%, that could take 1-2 days depending on the number of requests congesting the system.  A very small number might need to be manually verified and that could take longer.

The accreditation process for US and German investors will take a bit longer as eligibility will need to be manually reviewed—that could take 1-2 weeks.

For users coming to the website for the first time on the day of the sale, the registration process will not include a verification email and you can go straight to purchase.

After you've made your purchase, you can follow the status of your purchase on your dashboard.  It will be clear that your tokens have been generated for you and are locked until you pass all the KYC/AML (and possibly accreditation) checks.

Thank you for complete and fast answer.


Yes thank you for this information. I have not contemplated yet that there might not be enough tokens for all the buyers, but it is good to see that are systems in place if that would to happen. I think if you are really interested in buying, speed is the name of the game. Get the tokens you want as fast as possible.


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Board Altcoin Discussion
Re: Is Electroneum a SCAM???
by
RuhannS
on 15/11/2017, 15:42:19 UTC
only the noobs are crying scam, probably because they haven't been around long enough to have seen the real scams. a months delay is nothing and it's for better security. would you rather have logged into your account and seen no etn there, because you email was compromised without you knowing, (it would have happened to some of you), just so you could have missed out on being one of the very few who would have sent their entire balance to the exchange fast enough to get anything over the ico price. the earliest miners got a good price, but the buy support was very low, it would not have supported a huge sell-off above ico price. and then what? you would have wanted to dump it below your investment. nobody missed out on anything. if you invested you should have only invested what you could afford to lose, it's a gamble. nobody can say what the price will be, you could still make out well. so just sit tight and let the dev team do what you hoped they would, deliver a new type of crypto, protect the brand, add value to the project and so on.

I tend to agree with you - especially "haven't been around long enough to have seen the real scams". Unfortunately, I have fell victim to previous scams and therefore I am very weary, looking for the small things to "see" whether this is real or not. I always play devil's advocate and after all is said and done, I do believe ETN is solid. Let's what happens during the next few months.

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Board Tokens (Altcoins)
Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
by
RuhannS
on 15/11/2017, 11:27:01 UTC
And they did not talk about two more problems.
1. The air will always go the easiest way. It means, if you have no wind outside the Container, the hot air will go inside the Container again. The air will just circle between inside and outside and will become more and more hot.
2. I dont see any filter, to make the air clean before going to the miners. After 2-3 month the miners will be so dirty, that you can put them to trash, because all heatpipes will be full of dust...

Hi Skylink.

You've got some great questions.  Most of them can be answered by reading the whitepaper here: https://www.envion.org/en/download/envion_whitepaper.pdf

The whitepaper contains detailed information about the design of the cooling system and results from our tests on thermal efficiency.  I think you'll see that German engineers are not satisfied designing something that only works if there is wind outside the container—the unit we have up and running is cooling just fine inside a factory.

Our MMUs connect to power using low-voltage connections found at most power plants.  The units are profitable despite micro fluctuations in costs like night-time grid costs from PV installations.  Our operational unit in the factory is providing winter heat and offsetting the price of grid energy.  There are also myriad other types of installations where there are no such fluctuations like when the units use overcapacity from new plants that are not yet on grid or the grid has not yet capable of using the full capacity. The point is that envion units are flexible enough to be profitable in any such situation and can be moved to a new place when conditions change.

If you want to geek out on the calculations, then the whitepaper is going to be a lot of fun. 

If you are still convinced envion is fake after reading the whitepaper, I suggest you come pay us a visit.  We invite all of our potential investors to come visit us in Berlin and see the working unit. 



Thank you Envion team for this reply piece. I do believe there is a lot of potential in this and I will be joining your ICO.

A very important point that needs to be reiterated to potential investors is the following analogy of a two way street: In the one direction we have the Envion team who has a responsibility towards its investors to sort out any problem that might arise, expectedly or unexpectedly. I do believe they understand the gravity of this responsibility. In the other direction of the proverbial two way street, we have the investors who have to accept the fact that some things might not go as planned, but hopefully the majority of items will go as planned. As investors we have to choose the investment we are most comfortable with taking the analogy above into full consideration. Personally, I believe this model can work.

I am eagerly awaiting the stats for Envion in one year's time.






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Board Altcoin Discussion
Re: Electroneum (ETN): Petition for compensation because our ICO investment is held
by
RuhannS
on 15/11/2017, 10:36:22 UTC
I totally understand the frustration. Me and a couple of investment buddies are in the same boat as you are right now together with thousands of other people. As you rightfully say, people could have made other investments in the mean time (although short term). I also think many people invested in ETN to make a few good bucks before the Christmas season, and as time goes by, that seems more unrealistic. I am also disappointed in the fact that they are so-called "victims of their own success" - it might be a reason, but its difficult to swallow it as an excuse. We as investors want success, hell, we want GREAT SUCCESS, we don't want the succes to be in itself a hurdle.

I think it is going to be difficult (from ETN's side) to compensate investors like ourselves for not being able to access or spend our money. It would be great if they did it, but I strongly believe the "free ETN" period is over and giving more away at this stage of the game might have a negative influence on ETN in the long run.

That said, and everything considered, I do believe our money is safe and I think ETN is going to do well in the future.

Let's just see how well. Time will tell.