Did you watch all the of the CEO's interview responses?   The team will never respond to this thread or very telling video.  What can possibly be said?

The interviewer is taking cynical jabs at how weak the responses are.

It seems like Felix is the principal developer behind it.  He should just distance himself from the project and go join up with a funded project.  Lots of projects with actual resources out there.  No reason to associate with jokers and inexperienced blockchain kiddies that aren't old enough to drink yet.

Nothing against the individuals just that potential project success is very out of their league.

WATCH THIS INTERVIEW.

https://www.youtube.com/watch?v=qMEEYMXhRFA

Freelancers do get paid in BTC, ETH, XMR, or LTC right now.   No reason anyone would want an altcoin that loses 96% of its value that only trades on 1 pathetic exchange with poor volume.  Utility token with no utility and massive instability.  We're forever in alpha.  You would not believe the partnerships we have!  The website is pixel perfect.

This project is not an outright scam but it seems the team is delusional with their goals, not fast enough to start generating usage for their token, not realistic with how their coin could be used, being managed by a joker, and the coin has been converging to nothing.  New weekly all time lows now built into the coin codebase!  If you don't like this week's coin price come back next week for a 30% lower price.  We guarantee it.

The CEO doesn't know what he's doing after watching this interview.  Amateur hour.  It's already dropped 96% from $2.00 and the whole project is whistling past the crypto price graveyard. IMHO.

Don't take my word for it.  Watch the interview and the sloppiness.  Even the interviewer is embarrassed when random community members log in to the interview unannounced because the link was published to everyone.  The interviewer even jokes that the entire team should be fired for it.

Kids, don't do drugs and create a new cryptocurrency.

all this fake trading activity.   31.820 BTC of "self-dealing" trading volume with all of it happening between the same BUYER and SELLER to pump up the trading volume to get attention of new suckers.

How can a coin with total market cap of 47 BTC have a daily trading volume of 32 BTC !!   That means 2/3 of all coins traded in 1 day.  The scamdev is trading to himself.

makes it look like many people investing when no one is actually trading it except for the scammer who trades against himself..and new suckers.

what a stupid manipulation that is easily seen when you see 44,885 of coin trade..and the price doesn't move at all.

Buyer and Seller is the same person picking a middle price..and quickly putting orders out at same time..and filling them instantly before it goes into the book or anyone sees it !

However it's all visible in the Market Trades tab..which shows this ridiculous activity.  In stock trading, "self-dealing" is illegal.  You're not allowed to trade with yourself.. but in crypto..there are no rules apparently and every scam is attempted.

stay away from rhenium..as it will fall apart very quickly..when the devs decide to exit scam one day just like PCN, ZCL, NMS, Lizus, most Russian MN coins..


0.00000981   2,033.3732184          0.01994020   06/27 23:02:30
0.00000981   6.0980190           0.00005980   06/27 23:02:12
0.00000980   6.7755767           0.00006643   06/27 23:00:48
0.00000980   44,721.2027578   0.43846149   06/27 23:00:48
0.00000980   44,810.8823224   0.43915556   06/27 22:59:18
0.00000980   7.5284185           0.00007378   06/27 22:59:03
0.00000980   44,885.6857888   0.43988865   06/27 22:59:03
0.00000980   7.5273981           0.00007377   06/27 22:58:54
0.00000980   44,983.2374618   0.44084468   06/27 22:58:45
0.00000980   574.3316336           0.00562845   06/27 22:54:39
0.00000980   44,490.7456029   0.43600930   06/27 22:54:39
0.00000979   8.3649094           0.00008190   06/27 22:54:39
0.00000980   43,993.7357915   0.43113861   06/27 22:54:06
0.00000978   9.2943438           0.00009093   06/27 22:54:06
0.00000976   576.8752782           0.00562845   06/27 22:54:06
0.00000979   44,647.1130566   0.43709523   06/27 22:52:21
0.00000976   10.3270487           0.00010076   06/27 22:52:21
0.00000980   44,725.1696461   0.43830662   06/27 22:51:06
0.00000970   11.4744986           0.00011136   06/27 22:51:06
0.00000980   44,802.1077175   0.43906062   06/27 22:50:45
0.00000960   12.7494428           0.00012242   06/27 22:50:45
0.00000980   44,877.7833686   0.43980225   06/27 22:50:30
0.00000940   14.1660476           0.00013314   06/27 22:50:30
0.00000980   44,951.9787533   0.44052937   06/27 22:49:57
0.00000901   15.7400529           0.00014174   06/27 22:49:57
0.00000980   45,024.5739313   0.44124081   06/27 22:49:42
0.00000827   17.4889476           0.00014457   06/27 22:49:42
0.00000980   44,889.3182308   0.43991531   06/27 22:49:27

Don't be a delusional fool or shill trying to save this coin.  IT IS ALL A FRAUD.  You can not hope that the malicious founders have good intentions.  It was all a large money grab.  The coin will go to 0 satoshis.

It's the most profitable MINING OPERATION ever as they successfully MINED $100,000,000 in ETH from 1,000's of investors.  There's no farm that produced that much ETH before in so fast a time.  This is a new record.  And it didn't even take ANY hashing equipment or facility construction.  The founders mined $100mm in ETH using ZERO electricity..and did it with a slick looking video and fraudulent promises of guaranteed returns.

Best of luck in the future to all investors..and on to better real projects.  And may the founders of Envion all go to jail.

Any comments very welcome.

I own a very small amount of EVN that I bought on HitBTC.  A terrible exchange btw with egregious fees.

Anyway, I have ZERO hope for the EVN project but am curious to see what happens.

Most of the ICO value has been lost as they held on to their $1400 USD priced Etherium which is now at $759.

On top of that, mining has gotten substantially less profitable compared to Dec or Jan.

I think the current price is high given how the project has gone.

EVN Losing another 90% of it's price wouldn't surprise me..as running a massive mining operation is huge logistical operation that the founding team doesn't have much experience in.  I run several mining rigs..and they are a pain in the ass to keep operational.

Seems like this whole ICO was very idealistic and not prepared for ETH to lose 50% and for mining to also lose 50% profitability.

What are your thoughts?

As a professional trader and portfolio manager in the Capital markets (forex, equities, crypto) and one who understands hedging currency risk, I must say that both Pinionless and MinerOne.IO make valid points about the risks of taking on investments from the world and holding it all in ETH.  This is exactly why Envion is in trouble.   They raised an incredible amount of ETH at peak ETH prices.  $1400 ETH happened during their ICO...but they didn't sell all that ETH they raised.   Thus, EVN lost 70% of their purchase power now that ETH is at $380.  Their token value has been very hurt.

I understand why MinerOne.IO is pegging investments to ETH which is because they are *NOT* hedging themselves against ETH at all.  MinerOne hasn't bought any miner equipment yet which means they're holding all raised ICO funds mostly in ETH.  Which means when ETH tanks...their purchase power has tanked.   Which means that early investor loses a lot.

Either MinerOne should be selling all their ETH constantly as they receive it..and put it in a bank account in $USD which will protect the purchase power OR they should be putting on a SHORT ETH futures position which again removes the ETH exposure for all the collected ICO funds.

This wouldn't be an issue if mining equipment was being purchased immediately when an investor buys the token...but that is absolutely not what is happening.  Thus, investors will absolutely have ETH market risk when they buy the MIO token...as MinerOne is not hedging ETH risk...and hasn't bought ANY ASICs yet.   When they purchase the ASICs then the ETH to USD to ASIC purchase transaction will be happening.

Which is to say that if ETH crashes further to say $100 from current $380, then obviously everyone who invested so far will lose another 74% of where the MIO token is now..because MinerOne will have lost 74% of their purchase power of already collected funds.  Hopefully ETH doesn't go down any more in this challenging market.

My group offers a SmartETH service to hedge funds, ICOs, and family offices which helps institutions dynamically hedge their crypto exposure.  This is to help retain their purchase power while holding crypto building up to their launch in the case of ICOs.

Being able to have flatter or net zero exposure to crypto when it's crashing is important and having a professional portfolio manager running their "book" is important in keeping all their funds.

If MinerOne wants to discuss more how they can manage crypto market risk please let me know who best to reach out to.  Feel free to message me directly on this platform.

Cheers,

Poprocks

ps.   I'm also very interested in investing in this project as well.  My group manages family office, hedge fund & ICO capital..and I'd welcome further discussion with MinerOne on doing larger deals and possible partnership as we offer services that could improve your ongoing market risk exposure.

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!