Quote from: minerone.io on March 30, 2018, 12:25:37 PM

Quote from: pinionless on March 30, 2018, 12:17:59 PM

Quote from: minerone.io on March 30, 2018, 09:28:05 AM

Thank you, Pokachou. Please also remember that healthy discounts were offered to early investors, so the MIO Tokens obtained at the start of the crowdsale were significantly discounted. Complaining about exchange rate fluctuations that no one can control is not very productive. We tied the price of MIO to ETH because we are using smart contracts to manage MIO Tokens. As for the funds raised, not all of them are in ETH.

That is a lie, MIO tokens at the start where at around 0.53EUR and today they are at 0.27EUR. That is not a discount.

No one is complaining about exchange rates, and no mater how many times you will try to change the subject
it will not change the fact that early investors got SCAMMED

Quote from: pokachou on March 30, 2018, 09:14:07 AM

For a long time you were only able to buy stuff on bitmain with cryptos (BCH mainly).

Yes, but they adjust the price based on exchange rate, so it makes no difference if you pay in crypto or FIAT.

That is not an argument that makes any sense, Pinionless. All we can do is repeat that we cannot control cryptocurrency exchange rates, and we have detailed and emphasised the risks, including this one, time and time again. MIO was never tied to the price of EUR, so your comparison is not relevant and certainly not evidence of any malfeasance on our part. If you are looking for an investment that offers a high degree of certainty and predictability, you should not be investing in anything cryptocurrency-related.

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.

poprocks77

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