Bitcoin Forum

How much total token will be distributed for crowdsale?

wow! a coin that supports the greener future for a better body health, but did you have some farms or have a partnership with those growing that greener plants that you have said to be supported by this project?

I won't invest in this project looks a little too much of a scam. If you're wanting to already start a farming and Hotel thing then you must already have the money to do so, or are you just trying to make stuff up in order to get people to invest in this project?
If you do have the money then why would you need an ICO? Just Ninja Launch this and lets get straight to business...unless you aren't that serious.

I have a couple of questions about this:

So you are saying that 1 ecobit is about 0.03 USD. And the total limit of supply is 8,888,888,888.
Does that mean that only the amount of ecobits will be issued that were actually bought by investors? And that there is a limit to how many can be issued?
OR... that 8,888,888,888 will definitely be issued, no matter what?
That's an important detail that determines your valuation.

Also, could you give some more detail about your business model, revenue streams etc?

Are you just marketing this ICO to the crypto community or are you marketing this ICO to the general public as well?

Your first funding goal says "Carbon Credit/Offset 5000 BTC". Could you explain what this is, how this will work exactly, and what that means for investors. Also could you explain why you need 5000 BTC for that?
I read in news articles that 55% of your carbon trading profits will go to the state government and 45% to your company (Climate Protectors). How much of that profit will be given to investors?

Could you also provide us with an in-depth explanation of your revenue sharing programme for investors? Not only for carbon trading, but future projects as well?

how much total suply ecobit coin
youre open ico selling without escrow and without promotion dev(bounty campaign, signature campaign, facebook campaign and twitter campaign)

Long-ish reply post, please bear with me. Answers from the team enclosed:

(1) As with most IPOs, only 10% to 20% will be issued to the public. Total issued will still be 8,888,888,888 EcoBit, nothing more and nothing less.

The team will hold the balance of the EcoBit internally. Like other projects, they will practice a good "Code of Conduct" e.g. advance announcements if the team intends to use any significant % of the retained balance.

(2) There are few business model here.

Phase 1. Carbon credit / offset.

The project has been awarded 1 million acres of forested land for 30 years. This will create annual income for voluntary market carbon credit. The team expects about US$5 to $15 million annual revenue from it. This concession has an operating cost - The team has to manage and maintain the area.

(3) The ICO is marketed to both crypto and non-crypto community.

(4) It was quite a task to secure a written and signed concession agreement over the 1 million acres in forested land. In order to assign this project to EcoBit, the sum of 5,000 BTC is meant to fulfill the requirements of the concession obligation.

(5) Your question "I read in news articles that 55% of your carbon trading profits will go to the state government and 45% to your company (Climate Protectors). How much of that profit will be given to investors?"

That will depends on the % that EcoBit controls for the stake. A scenario is presented below.

Net is $10 mil p.a. after expenses.

55% goes to state  $5.5 mil
45% goes to CP $4.5 mil

EcoBit owns 60% of CP.

Hence $4.5 x 60% = $2.7 mil goes to EcoBit to buy back annually.

(6) Projects under EcoBit:

Phase 1. See above revenue and profit annually.

Phase 2. Aquaponics and Spirulina.  The weekly benefit will be given free to local people first and the extra will be sold. The nett profit will be then used to buy back EcoBit.

Also, since you're running the NEM blockchain, don't see an option to invest using XEM?

How exactly will the million acres generate revenue?

Green coin sounds good, is this coin beside Eth or waves?

When you say farms are these just bedroom or garage sized rooms with each individual specific ? I have been in the farm industry and have seen what goes on and what is required money on development sized with and what your are asking is a dead set joke, this has to be a scam 100 %

You can get your own up and going with bi-decade+ leases for bare sites for farm/agriculture development, the reason the long lease time is to grow, breed, or what not your specified product in that time period with potential massive profit if it does well.

to sum it up, this is just a blatant scam wanting money for some stupidly thought out idea as if someone from each industry isn't going to see something like this in a crypto coin and call them out.

From my research and what I understand from their website, they were given a 30 years concession for that piece of land by Kelantan (a Malaysian state). They are in charge of the carbon credits which are available on that land and will trade with those on the stock exchange. 55% of those profits will go to Kelantan, 45% to the company. (see their answer above) From those 45% a certain percentage goes to Ecobits and with that profit they will buy back Ecobits on crypto exchanges, increasing the value of the token.

sorry bd english,

google says 2 years. but you say 30 years?

which is which?

http://www.thestar.com.my/news/nation/2017/01/10/kelantan-and-firm-ink-agreement-to-audit-its-carbon-credits/

Kelantan has signed a two-year contract with a company

so maybe after that above 2 years, they will close down? no?

sorry bd english,

google says 2 years. but you say 30 years?

which is which?

http://www.thestar.com.my/news/nation/2017/01/10/kelantan-and-firm-ink-agreement-to-audit-its-carbon-credits/

Kelantan has signed a two-year contract with a company

so maybe after that above 2 years, they will close down? no?

...

The company, specialising in renewable and sustainable energy, received the project under UN’s REDD initiative for a 30-year concession period with the Kelantan state government.

...

On the prospect of this initiative, he said there would be positive cash flow between the state government and the company, which was expected at 55 per cent and 45 per cent of earnings, respectively.

“The returns would be seen after the scientific evaluation and verification on how much carbon stock we can get.

This will be done by certified UN auditors within 24 months from the date of the MoA signing,” he said.

...

To clarify:
- The state government (i.e. Kelantan) has an agreement with the company, Climate Protectors Sdn Bhd, in which there is a 30-year concession over which the company has certain obligations (e.g. managing the 360,000 hectares/1 mil acres of forested reserves, performing a carbon audit).
- In return for fulfillment of those obligations, the company derives certain benefits, specifically profit-sharing related to the carbon credits sale.
- The profit sharing is in the ratio of 55% to the state government and 45% to the company.
- The company (Climate Protectors Sdn Bhd) is the promoter of the EcoBit programme.

sorry bd english,

google says 2 years. but you say 30 years?

which is which?

http://www.thestar.com.my/news/nation/2017/01/10/kelantan-and-firm-ink-agreement-to-audit-its-carbon-credits/

Kelantan has signed a two-year contract with a company




Sorry for the late reply as we are not full time in crypto scene.

The concession is 30 years but first two years is the verification and validation process, which is to determined the total carbon trading/offset.

so maybe after that above 2 years, they will close down? no?

How Can We clam 4% bonus in the 1st 10 days?

interesting ICO using the NEM platform!

How exactly will the million acres generate revenue?

Agree with some of the others are saying.  Most ICOs have some pre-announcements leading up to the ICO start date.  This gives users time to do due diligence and research proper. 

Appears you guys launched right out the gate ...

'EcoBit Early Adopter' are you an official team member?

Also, since you're running the NEM blockchain, don't see an option to invest using XEM?

Dear OP,

Can you post the social media profiles of the team members because I do not believe they are in your team.

All of them can be seen in our events and video. Please check it out.

Dev answer my questions please.

is there a minimum amount that needs to be raised, it seems the first 'goal' is 5000btc for the Carbon Credit/offset?

This is huge amount.  What will happen if you raise only a few hundred BTC and fall short of the first milestone?

Please take note, we are not crypto fanatics and we are more focus to doing projects and work.


We will try to answer any question that is not in the FAQs and we will try to answer within few hours to maximum of 24 hours. Please be patient.

is there a minimum amount that needs to be raised, it seems the first 'goal' is 5000btc for the Carbon Credit/offset?

This is huge amount.  What will happen if you raise only a few hundred BTC and fall short of the first milestone?

if you are not crypto fanatics, why are you fund raising on a crypto platform then?

if you are looking to raise funds on here, you should be living and breathing crypto.

just saying....

You have the right to your own opinion.

also CARBON CREDITS are scams especially when it comes to voluntary market carbon credit.

keyword here is : VOLUNTARY



http://www.co2offsetresearch.org/consumer/GoodorBad.html (http://www.co2offsetresearch.org/consumer/GoodorBad.html)

Yet carbon offsetting is not without its critics. A recent flurry of media reports has criticized the poor quality of carbon offsets projects in both the compliance and the voluntary market. Here are the most often cited criticisms:

Non- additional
Recent research reports have pointed out that a significant number of offsets come from projects that would have been implemented anyway (i. e. they are non-additional). More about additionality.

Lack of Fairness
Critics have also raised concerns over equality and fairness based on the argument that carbon offsetting enables developed nations to perpetuate unsustainable lifestyles by funding carbon projects in developing countries. Some argue that these projects rarely lead to benefits for the host community, and have gone so far as to call the offset market a form of carbon colonialism.

Lack of Transparency
The voluntary offset market in particular has been criticized for its lack of transparency, quality assurance and third-party standards.




http://www.france24.com/en/20160503-france-trial-multi-billion-carbon-emissions-trading-fraud-opens-paris (http://www.france24.com/en/20160503-france-trial-multi-billion-carbon-emissions-trading-fraud-opens-paris)


http://www.rbs.co.uk/corporate/banking/g6/online/common-scams/investment-fraud/carbon-credit-fraud.ashx (http://www.rbs.co.uk/corporate/banking/g6/online/common-scams/investment-fraud/carbon-credit-fraud.ashx)


https://www.avivainvestors.com/en-gb/adviser/site-information/carbon-credit-scams.html (https://www.avivainvestors.com/en-gb/adviser/site-information/carbon-credit-scams.html)

https://wattsupwiththat.com/2016/09/20/carbon-credit-climate-scam-the-fraud-prosecutions-begin/ (https://wattsupwiththat.com/2016/09/20/carbon-credit-climate-scam-the-fraud-prosecutions-begin/)

http://www.redd-monitor.org/2016/09/02/why-is-vcs-so-reluctant-to-help-stamp-out-carbon-credit-scams/ (http://www.redd-monitor.org/2016/09/02/why-is-vcs-so-reluctant-to-help-stamp-out-carbon-credit-scams/)

Well, there is always two part to the story.

Those are old news , traders trying to sell of carbon credit as premium products , like selling sub-prime. It's the people problem, not the product.

That is the part we are trying to tackle using blockchain to track the carbon credit/offsets into exchanges like this  www.ctxglobal.com

old news you say?

the voluntary carbon credit market is scammy as fuck.

you are involved in a scammy enterprise for which you are looking to raise 5000 BTC

pull the other one.

this is another get rich quick scheme that only benefits  YOU!!

ctxglobal....based in London...

lol

http://www.redd-monitor.org/2016/11/25/scammers-behind-london-carbon-credit-company-jailed/ (http://www.redd-monitor.org/2016/11/25/scammers-behind-london-carbon-credit-company-jailed/)

https://www.fca.org.uk/consumers/carbon-credit-trading (https://www.fca.org.uk/consumers/carbon-credit-trading)


How carbon credit trading works
Investors are usually called out of the blue by salespeople promoting carbon credits, but contact can also come by email, post, word of mouth or at a seminar or exhibition.

You may be offered carbon credit certificates, voluntary emission reductions (VERs), certified emission reductions (CERs) or an opportunity to invest directly in a ’green‘ scheme or project that generates carbon credits as a return on investment.

Carbon credits and VERs certificates are often labelled as ’certified‘, but this certification is voluntary and involves a wide range of bodies and different quality standards that are not recognised by any UK compensation scheme.

The caller may claim carbon credits are ‘the new big thing’ in commodity trading, industries now have to off-set their emissions, the government is focusing on green developments or that it is a growing market.

Only because there have been scams in this industry doesn't mean that Ecobit is one. They are working together with the state government and have to undergo public audits. What makes you say that they are a scam? That is a pretty unfounded accusation if you ask me.

by that logic, the entire crypto industry is also a huge scam. Better sell all your coins then.

Give their social media profiles please. I can rent a speaker for a few bucks.

When they are serious they should not have any problem to share their profiles.  

Also give me concrete examples + links to your "green projects"

by that logic, the entire crypto industry is also a huge scam. Better sell all your coins then.

.... Tang too siah and that mr aaron are btcpanda ponzi scammers....
i only see Lon Wong the nem guy there....
but why Lon work with scammers.
Lon is big boss of nem.

sure refute all the evidence Mr shill..

 :-*

I was thinking the same thing, coincidence with his posts.... ? :D

Did you just find out that 98.99% of altcoins are designed for 1 sole reason, to create a market to trade your real money to bitcoin then buying so called altcoins with bitcoin to hopefully double, triple, quadruple ones money, how could you possibly not know what an altcoin means and how many there are derived from the original....

This isn't 2013 lol, might as well plant a tree in your backyard and say you are contributing to the environment and get rewarded in said altcoin for your efforts.... ::) haha

The organisers need to explain their intentions better, the project looks good, but the financial details look suspect.

I am just a crypto-beginner, but is the price of 3000 satoshi not quit expensive according to an amount of 8,888,888,888 units?
NEM has the same amount but the price is about 1700 satoshi,  2 years after launch!!

Can somebody pls answer my question ^^
I am really interested in this project but the high price seems to be suspect somehow ???

I am just a crypto-beginner, but is the price of 3000 satoshi not quit expensive according to an amount of 8,888,888,888 units?
NEM has the same amount but the price is about 1700 satoshi,  2 years after launch!!

There's no existing project yet the price is to high and the supply is to huge too,there will be a lot of dumping that's going to happen here if the dev has a huge amount of supply have to pass this one but will watch if this coin really has a good potential.

(1) You can't really measure the price per token on a standalone basis as cheap or expensive - it needs to be considered in the context of the value you expect to derive from the token.

The nominal price is not a reliable measure.

Hi Zylon,
Appreciate the question. 2 points:

(1) You can't really measure the price per token on a standalone basis as cheap or expensive - it needs to be considered in the context of the value you expect to derive from the token.

The nominal price is not a reliable measure.

(2) Correction on ICO price description.
Day 1-10: US$0.03 per EcoBit token.
Day 11: US$0.0303 per EcoBit token.
Day 12: US$0.0306 per EcoBit token.
...
Day 60: US$0.045 per EcoBit token.

Remember to use the special rewards link when signing up!
https://member.ecobit.io/Register?ref=EcoBitEarlyAdopter

Well yes we need to decide if it's over- or undervalued.
So we have to see what value there is right at this moment. From the information that was given up until this point it's probably overvalued.
The entire market capitalization would be $266 million. I still haven't seen proper justification for this valuation.

That carbon offset deal is the only thing that is there right now and you still have to audit the land to see how many carbon credits there are. No idea how long this is going to take and when you can start selling those credits. 2 years? After that the selling of those credit will maybe pull in about $5m-15m a year. Which is good, but no justification for the price. The rest of the projects are just vague dreams with no real plans that were presented.

Also when are you planning to have ecobits tradeable on crypto exchanges? Right after the ICO?

Do I say something crazy here? Come on dev, give me info so I know who I'm dealing with. I can not invest into something anonymous.

They are targeting a big amount and yet they are not doing any marketing for this project, and the ico is started very fast without a week notice, I will have to see how this projects go by without marketing something is wrong there's absence of effort in the part of this team

a strange project here - early adopter use their own affiliate link  :o
this make me have so much doubt with this project

maybe you should explain about that ?  ???

Having done some research of my own, here are my conclusions in a nutshell;

On the one hand I think this is a very viable project; its' scale is huge, the team is professional, and as global warming continues to increase the urgency amongst the international community to implement more and more regulation regarding this matter increases also. So the CC/Carbon offset market definitely has a lot of potential and this project constitutes a large part of the voluntary market.  The high level of professionalism of this project in general should weed out the worries concerning the negative aspects of the voluntary CC trading/carbon offset market. Also the fact that this project uses NEM means that this project has a huge advantage vis-a-vis other projects in the voluntary market since it assures to a large extent its legimitacy since all transactions and doings are written in the blockchain. This also should take away at least some worries concerning the negative aspects of the voluntary CC trading market.

On the other hand, Ecobit operates on the voluntary CC trading market, which is small in comparison to the compulsory market. I believe the entire market in 2014 was worth about 275 million Ecobit would have to get recognition from an organisation like Gold Standard in order to succesfully be able to compete on this market, which I think shouldn't be too hard considering the scale, quality and UN REDD+ endorsement of this project. Still then according to Ecobit their annual revenue they get is like 5-15 M USD a year, not bad, but not huge either. Still I am not sure how this is calculated. On their website they claim 800 M ton of Carbon over 30 years and according to reports the forecast price for carbon is about 15 to 50 USD in the near future, which would put the potential revenue way above 5 to 15M USD a year, but perhaps those forecasts involve the regulated markets. It's too vague for me to really comprehend, and I feel like this is the main issue with this ICO. It's vague on multiple levels. Like they already assured a deal for the next 30 years with Carbon offset/CC trading, however then why is this still listed on the ICO roadmap as though it requires 5k bitcoins to yet be implemented? It's vague because there is no central CEO, a public figure if you will, who explains all and can bear responsibility. It's also vague because the value of the project already is capped at almost 300 Million USD, with 8888888888 tokens of 3k satoshi, which I believe is a huge mistake. In its current format the ICO to me looks like this; an easy way to gain as much extra profits from this CC trading/offset deal as possible which imo is very sad because the business model involving Ecobits DOES have a lot of potential. Due to the professionalism and the scale of the project, the potential to create a billion dollar eco-tourism industry, the ecobits high-tech monetary system etc. it would be a very attractive investment imo if the team decided to keep 15-20 percent as premine and let the market decide the price with the ICO. If that were the case, personally I'd consider everything up till 30M ICO a very good opportunity to make gains in the future. This project demands trust that it's worthy of an almost 300 M USD market cap based on a deal in a relative small market, a good plan with a good team, but that's not in accordance with crypto dynamics. First you prove you are worthy of a higher market cap by delivering, consolidating fundamentals etc. before you rise in rank, that's the game and how it should be. The term "organic growth" should give an extra dimension to this project in order for me to be considered an attractive investment.

So in short; if team decides to provide the necessary clearity regarding the points just mentioned adjusts their ICO business model and let the free markets do their thing I think it's a good investment. In its current format it comes across as too vague and greed imo. There seems to be a trade-off between short term short-sighted greed and long term good standing reputation and realising potential in the long run. I am afraid in its current format the price would drop a lot once the tokens hit the free markets, thereby it will be hard to regain trust, if at all.

This is just my personal opinion, everybody should do his/her own research ofcourse.  ;)

This!

This. It's foul play, if you ask me. And it's been promoted multiple times. Even though it is probably the doing of (one of) their devs. And probably without the consent of whatever team there is.

But more importantly, the overblown potential marketcap of 300 Million USD!!
It is a really interesting project that has got me sitting on the edge of my seat reading everything about it. And it has huge potential for making a difference. But, I think I'm going to have to sit on this one.

dev this question is forgotten he asked two times already and I am also curious if we can confirm your identities via social media. Besides that I have to concur with mcdoxy1 last post and think you are setting the bar to high with the set price. Many people will wait and see what it will do when it hits the exchanges.

Why is there no lock-up period for the owner's shares?
How do you prevent your team or employees to directly withdraw their stake and leave the project?

Why is there no lock-up period for the owner's shares?
How do you prevent your team or employees to directly withdraw their stake and leave the project?

Thanks for your patience and understanding.I feel like it's hard for me to make an accurate assessment due to the fact that there are so many variables and complicated dynamics involved so maybe I came across as a little too critical. However I feel like you would do all of us potential investors a huge favor if you could clarify till what extent the tokens that are not being sold during the ICO and are held by the team will be a part of the market capitalization, how will they be used? Also, all these projects sound great, have you thought about creating an eco-tourism industry also, will Ecobit tokens be used in such a context or nation wide, or perhaps both? it seems to me that there is a lot economic potential regarding the establishing of a viable eco-tourism industry in the region, or perhaps nation wide. If the business model aligns with the greatness that this project intends to radiate and mainstream investors get involved, then I think this project has a lot of potential to flourish into the billions over time, mainly because this is a market with a lot of potential and demand in the future. The only thing that can thwart a great future is individual and short term greed/profit at the expense of a great future, which happens quite a lot actually, so I really hope you guys will clarify a lot concerning the risk/reward ratio for investors. Will there be a common spirit driving this project along holistically or will implementation be fragmented? for investors it's important also to know there is a great vision behind the project that goes beyond the big picture, a specific vision applicable to this project. For that I think it's important for Mr Tang to let his voice be heard and be able to explain exactly how it's all supposed to come together. There is potential of the project and then there is the business model, till what extent these line up determines till what extent this project can be considered a good investment. You guys did a great job so far explaining/expressing the former, now it's also time to focus on the latter.  ;)

???

This is a good question. The situation is similar to the Ripple Foundation. There is no intention for the owners/promoters to flood the market with EcoBit tokens. The EcoBit team intends to keep the supply of tokens on the market at a limited amount.

Is it possible that you implement two-factor auth on your ICO site?

such a crap ANN! big words about green stuff , healthy living but zero information about total coin supply, yeah! you failed dude !

Strange... I waited and waited and the FB Live session never happened. In fact, there is no trace of such Live session on https://www.facebook.com/EcoBit.io/?ref=br_rs

it would be nice if the team can repost the video recorded of their FB live event ...

it would be nice if the team can repost the video recorded of their FB live event ...

WHY PARTICIPATE IN ECOBIT?
There’s so many reasons why you should participate in EcoBit. Firstly, EcoBit has a huge potential to deliver exceptionally high returns (REDD+ carbon trading and green sustainable projects). Secondly, investing in EcoBit is also a means to invest in a greener future. Thirdly, as a member of the EcoBit family, you will receive many benefits and perks. Fourthly, EcoBit not only focuses on green economy, but it also focuses on healthy living (Spirulina farm and Aquaponics Farm). Last but not least, EcoBit is on a mission to spread its green initiatives globally by educating people on green and sustainable projects by riding on its one-of- a-kind eco-tourism EcoBit Sanctuary hotel as a green education hub accessible to all EcoBit participants.

WHY DOES ECOBIT(ECO) HAVE A HUGE POTENTIAL?
EcoBit has a huge potential because the projects that EcoBit ventures in are mostly undervalued and present enormous potential growth in the first place. In EcoBit Phase 1 is a project involving a 30-year concession of 1-million acre tropical forest from a Malaysian State Government. It consists of a voluntary carbon credit trading in a REDD+ voluntary carbon credit in VCU, hence, buying EcoBit will have a recurring income for 30 years in the carbon market. It is an emerging market that is heavily invested by big companies like Allianz, Zurich Insurance, Microsoft, and etc. Besides returns from the Carbon Market, EcoBit Phase 2 projects consist of sustainable, green and clean projects, which will also bring potential for a long term basis. Two key projects currently targeted are the Spirulina Farm and the Aquaponics Farm. These will contribute in the green economy that is already an extremely trending market that people are focusing on these days. There are also referral bonuses offered for those who recommend EcoBit to other investors.

HOW DOES PARTICIPATING AND SUPPORTING ECOBIT SUPPORT A GREENER FUTURE?
All EcoBit projects are sustainable, with green initiatives and are health oriented. Every purchase of EcoBit will contribute to our EcoBit green projects and that will directly reduce the carbon footprint in our atmosphere. Thus, the more EcoBit you own, the greater the contribution you are making for a greener future. EcoBit is available to anyone, from anywhere in the world which creates opportunities for individuals that have the desire to protect mother earth while earning returns.

WHAT ARE THE PERKS AND BENEFITS IF YOU OWN ECOBIT?
There are many perks you will receive depending on the amount of EcoBit you have. Some of the perks include free produce and organic products to bring home weekly, free stays at the EcoBit Sanctuary hotel and many others. You can find out more at our main website or by emailing support@ecobit.io

HOW DOES PARTICIPATING IN ECOBIT ALSO MEAN COMMITTING TO HEALTHY LIVING?
Phase 2 projects include Spirulina Farming, Aquaponics Farming, Honey Farming, Free Range Organic Chicken and Duck Farms. All these projects will create food and provide health benefits to people. Apart from that, we will be able to create a full blockchain supply chain for all our products. This means you can be assured 100% from where your food originated and you can trace it real-time in blockchain. As an EcoBit owner, you will get free access to all the farms and bring home the produce weekly (*terms and conditions apply). Find out more at our main website or emailing support@ecobit.io


Remember to use your special early adopter rewards link! https://member.ecobit.io/Register?ref=EcoBitEarlyAdopter

Sounds like a bunch of crap tbh. even if you do what you say and promised, which you probably won't, whatever funds you take for the EcoBit "company" will only be for your benefit.

"Investors" in your ICO have NOTHING to gain from any profits your business gets. So how is that a worthwhile investment for them?

They don't need to invest in ECOBIT just to live a healthy life, and support a green future.

Making a project like that with no product no community behind it, just purely an idea, is nothing but a money-grab and im 99.99% sure you will not carry out what you promise here. Useless project trying to tie some random real world value to a token.
Prove me wrong.

bunch of amateurs,
found this on google http://www.foe-malaysia.org/sam_calls_on_kelantan_government_to_cancel_carbon_offset_deal

 ;D ;D

In every project, there will be party envious of our work, like the SAM, same like "Newbie status"  members. ;)

Is EcoBit Early Adopter still active?

Not responded to two PM I sent him.

it would be nice if the team can repost the video recorded of their FB live event ...

WARNING! NO ESCROW!

Let me check with him. It's about referral links ?

Is EcoBit Early Adopter still active?

Not responded to two PM I sent him.

I guess I got the time wrong.

I didn't see any "Ecobit was Live" post with the video, so I assumed that it never happen. Glad to know that it did.

Seems like a lot over promissing to me.

Seems like a lot over promissing to me.

I can really see EcoBit making good ground i see it as great way to manage the rainforest with blockchain technology as those types of areas can be full of illegal activity this could provide good transparency.

http://www.pressat.co.uk/releases/ecobit-secures-1-million-acre-blockchain-project-to-kickstart-eco-friendly-projects-a5ac347af0e8f4f6032050793f0eec04/ (http://www.pressat.co.uk/releases/ecobit-secures-1-million-acre-blockchain-project-to-kickstart-eco-friendly-projects-a5ac347af0e8f4f6032050793f0eec04/)

I can really see EcoBit making good ground i see it as great way to manage the rainforest with blockchain technology as those types of areas can be full of illegal activity this could provide good transparency.

http://www.pressat.co.uk/releases/ecobit-secures-1-million-acre-blockchain-project-to-kickstart-eco-friendly-projects-a5ac347af0e8f4f6032050793f0eec04/ (http://www.pressat.co.uk/releases/ecobit-secures-1-million-acre-blockchain-project-to-kickstart-eco-friendly-projects-a5ac347af0e8f4f6032050793f0eec04/)

Pictures say more than a thousand words (pay attention to ICO dates and domain expiry dates, besides the typical poor-man's "hiding" mechanism Cloudflare; Free Hosting behind? ...):

https://gyazo.com/8384807c5df9cb8b9b099c64761d8f68
https://gyazo.com/00405061d9798ad9621641565f07064d
https://gyazo.com/111a2ea4fbb8f172b8442e816ca092a0

Check for yourself, sources:
https://bitcointalk.org/index.php?topic=1861730.0
http://whois.domaintools.com/ecobit.io
http://whois.domaintools.com/climateprotector.org/

@EcoBit, please provide us proofs, for example proof of your concession of the Malaysian Government, or any other contracts that might exist.

@The Rest:
If you feel like I saved you money, I'd appreciate your support (1% of what you saved? ;-)
Bitcoin: 1CYDV8szsM4SV7CA5ct8jC92AHPH5Mo5Uo

--------
Backup:
https://pastebin.com/GeeeL99r




http://whois.domaintools.com/pressat.co.uk

...

This thread is linked on their website in the footer so the referral link is legit.

This looks like a really awesome project! I will definitely invest, but I am still waiting for a XEM payment option.

I've read on the website, the people who are in the team ECOBIT are the people who are very competent in their field.
Awesome!

hmm very little activity how is the ico going?

hmm very little activity how is the ico going?

I am hesitant to invest it. after all, it is the first XEM-based project, and the current XEM price trend is quite good, but judging from the community activity, it seems not ideal. anything wrong with it？ or just the project is not so promising？

from some aspect. I would say this project will have 90% chance of success
 ;D

yup ME TO :D ;)

I disagree I don't see any face of the team how can we know if this is a legit project?

HEY IMPORTANT MESSAGE TO EVERYONE!

if your transaction doesn't appear in 24h contact official directly don't wait.
I waited 3 days before asking, they replied fast and efficiently.

I repeat don't wait and don't be scared to ask for an explanation.

Thanks.

Is there a minimum payment, which I have to do? Or I can by any amount of tokens, without minimum limit?

This project has got many newbie account appeared in this thread so how much money did you collect from investors ?
I can see this project is not normal and Maybe it's not transparent in ICO launching.

Just a warning to anyone thinking of investing. I'm not saying these guys are scam but I truly believe they don't have any experts in the blockchain / crypto world. As a test I sent them 0.02 ETH to see if everything would be okay as I was* planning to purchase a bit of Ecobit. It's been well over 18 hours and I haven't received any EcoBit credit:

Proof: 0xddda9b8b4bebcb3c3c180ee3a6b55cd51031711b

Also, I've tried to send them an email but guess what? The "Summit button doesn't work!

source: http://www.ecobit.io/contact.html

I recommend to stay away..

Just a warning to anyone thinking of investing. I'm not saying these guys are scam but I truly believe they don't have any experts in the blockchain / crypto world. As a test I sent them 0.02 ETH to see if everything would be okay as I was* planning to purchase a bit of Ecobit. It's been well over 18 hours and I haven't received any EcoBit credit:

Proof: 0xddda9b8b4bebcb3c3c180ee3a6b55cd51031711b

Also, I've tried to send them an email but guess what? The "Summit button doesn't work!

source: http://www.ecobit.io/contact.html

I recommend staying away...

Although I wish they would show the joined date on people's registration. And anyone registered over 3 > years+ should be called "Spectator / Lurker" ;)

**EDIT strangely enough I just got the Ecobit showing up on the transaction history

still unsure if i want to invest anymore...

The process is not immediate and as you are aware, blockchain got some delayed nowadays.

As EcoBit is using NEM blockchain, it will be reflected directly into your account.

For faster support, you can join our official Telegram or email support, all information located in our wesbite

Thank you again for your support

newbies are rushing out for ICOs, trying to grab some easy money...

i disagree i dont see any face of the team how can we know if this is a legit project?

Thanks a lot. Looks like a good project. I have invested as well. Make sure to keep up posted with your every step. Are you planing to enlist in exchanges after the ICO? Give us a bit more info!

That's the issue  which I was talking about:
https://i.imgur.com/aXLSYKw.png
And USD/BTC/XEM amount is counted separetly or equally?
How is checkpoint amount calculated?

yes

Hi EcoBit_Official  I am using desktop browsers:
I was checking with Firefox and Chrome..
Now it is working okay
So I will go back to my question:
Now 2000btc is exceeded so Spirulina Farm milestone is reached.
But what if btc price will drop? And how, or when XEM and ETH rate are calculated?

Frequently Asked Questions (FAQs)
Also available at http://www.ecobit.io/

WHAT IS ECOBIT?
EcoBit is blockchain digital crypto token/coin which is decentralised and 100% transparent.

WHAT IS ECO-CAPITAL/GREEN-CAPITAL?
Eco-capital - also known as green capital - is a representation of “nature’s economic value”, a term used for natural living things; natural resources such as forests, water and air; and all natural assets such as the cap and trade system, and carbon trading (putting a price on carbon emission into the atmosphere). Eco-Capital is aimed for use to resolve environmental issues.

WHY PARTICIPATE IN ECOBIT?
There’s so many reasons why you should participate in EcoBit. Firstly, EcoBit has a huge potential to deliver exceptionally high returns (REDD+ carbon trading and green sustainable projects). Secondly, investing in EcoBit is also a means to invest in a greener future. Thirdly, as a member of the EcoBit family, you will receive many benefits and perks. Fourthly, EcoBit not only focuses on green economy, but it also focuses on healthy living (Spirulina farm and Aquaponics Farm). Last but not least, EcoBit is on a mission to spread its green initiatives globally by educating people on green and sustainable projects by riding on its one-of- a-kind eco-tourism EcoBit Sanctuary hotel as a green education hub accessible to all EcoBit participants.

WHY DOES ECOBIT(ECO) HAVE A HUGE POTENTIAL?
EcoBit has a huge potential because the projects that EcoBit ventures in are mostly undervalued and present enormous potential growth in the first place. In EcoBit Phase 1 is a project involving a 30-year concession of 1-million acre tropical forest from a Malaysian State Government. It consists of a voluntary carbon credit trading in a REDD+ voluntary carbon credit in VCU, hence, buying EcoBit will have a recurring income for 30 years in the carbon market. It is an emerging market that is heavily invested by big companies like Allianz, Zurich Insurance, Microsoft, and etc. Besides returns from the Carbon Market, EcoBit Phase 2 projects consist of sustainable, green and clean projects, which will also bring potential for a long term basis. Two key projects currently targeted are the Spirulina Farm and the Aquaponics Farm. These will contribute in the green economy that is already an extremely trending market that people are focusing on these days. There are also referral bonuses offered for those who recommend EcoBit to other investors.

HOW DOES PARTICIPATING AND SUPPORTING ECOBIT SUPPORT A GREENER FUTURE?
All EcoBit projects are sustainable, with green initiatives and are health oriented. Every purchase of EcoBit will contribute to our EcoBit green projects and that will directly reduce the carbon footprint in our atmosphere. Thus, the more EcoBit you own, the greater the contribution you are making for a greener future. EcoBit is available to anyone, from anywhere in the world which creates opportunities for individuals that have the desire to protect mother earth while earning returns.

WHAT ARE THE PERKS AND BENEFITS IF YOU OWN ECOBIT?
There are many perks you will receive depending on the amount of EcoBit you have. Some of the perks include free produce and organic products to bring home weekly, free stays at the EcoBit Sanctuary hotel and many others. You can find out more at our main website or by emailing support@ecobit.io

HOW DOES PARTICIPATING IN ECOBIT ALSO MEAN COMMITTING TO HEALTHY LIVING?
Phase 2 projects include Spirulina Farming, Aquaponics Farming, Honey Farming, Free Range Organic Chicken and Duck Farms. All these projects will create food and provide health benefits to people. Apart from that, we will be able to create a full blockchain supply chain for all our products. This means you can be assured 100% from where your food originated and you can trace it real-time in blockchain. As an EcoBit owner, you will get free access to all the farms and bring home the produce weekly (*terms and conditions apply). Find out more at our main website or emailing support@ecobit.io

HOW CAN I OWN ECOBIT?
There are a few ways to earn EcoBit: Firstly , you can buy EcoBit directly, by signing up for the EcoBit ICO (Initial Coin Offering). Buying EcoBit during ICO presents you the advantage of purchasing EcoBit at its wholesale price. EcoBit ICO is limited to 8,888,888,888 units and with a limited time of 60 days. If you missed the EcoBit ICO at the discounted price, you can only purchase EcoBit via public exchange platform (a free and open market platform where users can buy and sell EcoBit). Please take note that the prices of EcoBit on these public exchange platforms will be higher because this is not the wholesale price that was offered during the ICO. Secondly, you can work part-time or full time on EcoBit projects and teams. You will get paid in EcoBit, which you can use and gain benefits. Thirdly, you can recycle aluminium cans in our “Aluminium Can Recycling Vending Machine” which offers you EcoBits in return for your efforts to help mother nature.

WHAT IS THE ICO PRICE FOR ECOBIT?
The ICO price is determined by the time you join the ICO. The approximate price per EcoBit will be 3000 satoshi or 0.00003 BTC for the first ten days from 9th April to 18th April 2017. After that, the price will then increase by 1% each day for the next 50 days. This means the price would have increased by about 4500 satoshi or 0.00004500 BTC per EcoBit after the first 60 days during the ICO period. Those who participate early will enjoy the benefits of more EcoBit. Then it will be free floated to public exchanges such as poloniex, HitBTC, BTC38, Bittrex, bitcoinco.id and more (subject to approval)

Remember to use your special early adopter rewards link! https://member.ecobit.io/Register?ref=EcoBitEarlyAdopter

I just registered to write this lol.

I'm a Skype group where some guys started about this coin, they said it looked very promising etc. So as with any hyped coin I had to do some research and sure enough I find this thread. What a disaster. This whole coin reads SCAM with big fat letters.

The PR and marketing team are doing a terrible job. You guys are literally insulting users on the forum that disagree with you.
The video on your website just feels fake.
None of you want to share documents or info about members, you just keep referring to other sites. Why not actually link anything to show us proof?

If you want to ruin an ICO just follow this thread.

OK, so the ICO is now over, what now?

Was expecting an e-mail or some details on the website etc.

HI, can you please join our official Facebook, or Telegram? More updates there.

1. I got an error message after registering using your referral link: "invalid referal" should I enter the whole URL or something else?
2. Are you launching social media bounty program soon?

This is a huge project with a lot of potential!

hey what wallet is being used? has anyone been able to withdraw ?

If you want to buy ECOB, you need to go to https://member.ecobit.io/, open an account/wallet. If you want to sell at Cryptopia, you need to withdraw from the member's dashboard. If your ECOB is stored in the PoS Vault, you'll need to wait at least 48 hours to withdraw.

The PoS vault is multi-sig between you and ecobit. Which is slower but
It's for security matter
I know it is disappointing they should have given the choice to vault or not are coin from the beginning.
but still, I'm completely satisfied with my investment for now. Much Luv ECOBIT
Long live mother nature !!!


You can send to you nanowallet but its not PoS. 10%/6month

Jf youhave 15000 : 1500 1rst 6month

16500 : 1650 at 12month

18300: 1830 after 18month
Thks.


For nano wallet here the instalation guidehttps://blog.nem.io/nanowallet-tutorial/

Nano wallet doesnt PoS

Yes you can have a parth in vault and move the rest arround.

Yes ecobit vault pay once every six month
Exemple for ico buyers and holder. First payement will be 28or 29 decembre 2017
  ;)

I'll let Officials answer on this one :P
your weclome!

Why in my personal account the price is 0.0471, and at the exchange 0.06 usd???

On the ecobit member site there is no way to pay btc, because the QR code is not generated. I see a questionmark at the place it should have the QR code.
Is there another way? Like an adress to send to buy the ecobit coins?

If i were any of you investors, i will get out from this investment a.s.a.p as this is illegal in Malaysia. This is about to become a big scandal.
The company backing this project is blacklisted by the Federal Bank of Malaysia a.k.a BNM therefore an illegal entity. This project will definitely back fire.

Kindly do your DD. Kelantan is the worst state to do any deals with.

https://www.themalaysianinsight.com/bahasa/s/6713/

http://www.thestar.com.my/news/nation/2017/07/07/kelantan-urged-to-heed-bnm-alert-activists-raise-concern-over-redflagged-firms/

Enjoy!

http://www.freemalaysiatoday.com/category/nation/2017/07/06/company-to-take-action-over-husam-musas-claims/

Hi very concerned here, is anyone else having this problem where they deposited BTC but don't have any ECOBITs???!

literally says I deposited BTC, but doesn't allow me to withdraw ANYTHING (says 0 for BTC) and also says 0 for ECOBITs??

I sent from Poloniex if that has anything to do with it, I also contacted you guys on Telegram

[EDIT: Support got back to me via email, saying they are checking will update. I don't think this ones a scam you guys (are you trying to get cheap coins?) even if the government doesn't support it I would like to think we can have more green projects with crypto plus the damn thing is trading right now.]

Ask them in telegram @EcobitOfficial

A little update:

"EcoBit can be publicly traded on cryptopia.co.nz. EcoBit will be on more public exchanges soon. There has been some confusion about our milestone and projects that you may have misinterpreted wrongly. We would like to clarify this:

We have achieved two major milestone which are the Aquaponics and Spirulina farm. We are currently working to complete it and we are targeting it to be ready in a month or two. We will be setting up the Spirulina farm soon after. We will be focusing on this for the time being and once they are all set up we will focus on more projects in the near future. As for the Carbon Credit project , we didn’t meet the milestone, therefore it will not be one of the EcoBit project. As for those of you who has supported us solely because of the Carbon Credit project and are disappointed that it is not part of the project and would like a refund, please send an email to support@ecobit.io with your:

Username:

Email address:

Country:

Amount of EcoBit:

Price bought:

This offer will end in 48hours (2days from now)

The date today is 8 July 2017 and this offer is valid for 48 hours. Alternatively, you can sell it in public exchanges like cryptopia.co.nz if you do not wish to wait that long. Please be patient and allow us up to 5 days to process the refunds. 8th July 2017, 2230 gmt"

what must i do, my coin in pos vault but not regeneration.. just on web or must use windows wallet ?

I've got my refund form Ecobit,
but I've received only 50% what I've invested so shame,
I would like to reinvest someday but now I am against.. Sad to say :(

 Yea but none are..

 Im happy with the concept, I agree, long live mother earth. BUT that said; So we can use the NEM wallet to hold these coins?
 Did anyone else see a 500 coin min' needed to move the coins from the stake to personal. How do I get the difference of 500 now so i can move them? Or should I wait 25years to stake my way to 500? Seriously am I missing something, because i am pretty confident and thought I read everything. about this ICO.
 Sure im new to nem and its magical ways but the rest of questions ECOB needs to anwser.

   I wish Ecobit the best , I really do , I wish they would of gave my XEM and BTC back . Anyone that invested in the first 10 days and asked for a refund is really getting screwed . I know I wanted to help with this project , but come on . KARMA

A question to Mr Tang.

What was your involvement in a BTC Panda project?
Did they pay you for this speech and if they did, did you refund this money to people who got harmed by this project?

https://www.youtube.com/watch?v=BrzXIGN_XuY
https://bitcointalk.org/index.php?topic=1569440.0

Thank you.

I've got my refund form Ecobit,
but I've received only 50% what I've invested so shame,
I would like to reinvest someday but now I am against.. Sad to say :(

https://www.youtube.com/watch?v=PpnsMl69w18
https://www.youtube.com/watch?v=9h0nrYpDCHU

Answers to the issue of carbon cridet and ecobit from kelantan gov 11 Jul 2017

I do not know why Central Bank of Malaysia gift Financial Consumer Alert to this ecobit maybe they want tax..this fist Malaysia cryptocurrency firm list on cryptoexchange ..
maybe some one can tranlete to English for this video..i not good in English
but what I understand Kelantan state have mou with Climate Protectors Sdn. Bhd

I tried to get my refund but unfortunatelly haven't got any BTC. There was info I have to wait 48 hours to get the BTC but still nothing...

Still no refund...

go and ping the OP at https://bitcointalk.org/index.php?action=profile;u=981863

WARNING! NO ESCROW!

EcoBit [ECOB] is listed: https://yobit.net/en/trade/ECOB/BTC
EcoBit Dice: https://yobit.net/en/dice/ECOB

https://yobit.net/imginfo/ECOB (https://yobit.net/en/trade/ECOB/BTC)


Happy trading gues ;)

Is there any devteam supporters here?
I am disappointed not getting answers to my questions :(
Additionally I would like to mention, that ecobit exchange price chart at top of the homepage is broken because it showes period only until 11th September....
I would like to buy back some ECOB but such issues make me lose my faith in project :(

Do the guys hear anything about the addition of this coin to other exchanges more interesting than YOBIT?

What I know ECOB is listed at cryptopia, quiet good New Zeland-based cryptocurrency exchange.
But I am afraid this project is a little  abandoned, at least here at bitcointalk for sure  :(

Ecobit realized aquaponic culture and is now experimenting with spirulina.

From time to time they publish photos on Telegram and Facebook.

This is one of the very very few ICOs that realized something in the real world!

I don't like telegram.
There is so much spam there (in particular spam invitation) and weird moderation
so I hope that some  of devs or supporters will give us updates here, too

I will be gratefull if you share my opinion with them and I an waiting for the replay about my concerns


Hi Adam,

We are not so active here. We have a telegram group, you can always contact us personally at @EcoBitOfficial

how can I unblock the account ?

Go on telegram chat and tag Ecobit official
It worked for me :)

I can't find the links on cator can I contact
wrote the mail I do not respond
I support wrote they don't answer
and you can send the link for telegrams?

Here's the link to telegram chat
https://t.me/EcobitOfficialTelegram

they reply promptly?

EcoBit Official, [23.09.18 15:44]
[Forwarded from EcoBit - Official (EcoBit.io)]
Vine Riped , almost ready to harvest in few days.

What happened, why is cryptopia dropping this coin.  Let me guess - nothing from 2017 and 2018?

The message every cryptopia user received is not clear about the cause of delisting.
I guess that's because ECOB is a security token.

Always crazy to see people investing in those derelict projects . And now with the delisting from cryptopia where all that batch of coins will be moved ? I believe the wallets they have don't even work nor any other exchange will support . Basically the guys will lose them.

And yes, that's one of the few working ICOs on NEMchain (although I am not sure if I am not miss any)
I think it would be good if someone from the team will write in this topic.. Because the idea is good, and such projects needs more support!

Here's the link to telegram chat
https://t.me/EcobitOfficialTelegram

i had an decent amount in my vault wallet for years now , but now i see that the system has changed the amount to btc and the amount is not in my btc wallet anymore , strange thing

the web wallet is wonky like hell, but it looks like the funds can still be accessed. if your wallet looks empty, try refreshing the page in your browser.

Nice to hear that. Pity I forgot my password and their support is unreachable.
Website seems outdated.
Resetting password does not work no emails sent.
There is not response after sending message over contact form.
Sending emails to support@ecobit.io directly replies back with error
that the email address does not exists.

No info for almost 1 year on other channels facebook , medium , website
seems all dead.

If someone knows how to contact them please point them out about this issues.

Thanks.