Bitcoin Forum

Hi!

I'm founder and CEO of FiveStarMiningNetwork.

More you can find here.
https://bitcointalk.org/index.php?topic=4300340.0 (https://bitcointalk.org/index.php?topic=4300340.0)

I'm currently working on the project myself, as there is no budget and no investors yet.  I would like to have team members added to the team, if someone is interested, reminding you, there is no budget on a project, so I won't be able to hire you and pay you until the project gets running. If you think you are a good addition to my team, feel welcome to contact me directly.



Thanks, Andy

"Soft cap: 1M USD". Alone. With no budget, dev team or investors.

+1 for honesty, though...

I still got 63 days till ico launch to find the team , investors, or budget

Please send me messages containing :

1. Non broken language
2. What can you offer: skills, budget, ideas?

Messages like '' I want to be part of the project, send me details'' will be ignored.

So, you have no money, can't pay people, have a project in a very early stage and could use some donations. Is that it?
I couldn't find any info about the features of the coin that you want to create. What's its purpose? We really have enough of useless tokens that copy other existing coins and don't bring anything to the table. The main question is: why would anyone buy your coin?

To tell you honestly, $1M soft cap within two months without marketing, without dev team and no budget?

I doubt you'll be able to get even 1/4 of the said soft cap and as well as the $10M hard cap, sorry to say.  :-X

Your ANN thread also says this
When will the budget comes in? when someone volunteered himself and invests?

No.

Your website doesn't look professional and I guess you're Andy. Again, I'm sorry to say that it's not enough to say that you are a crypto enthusiast to start an ICO.

not necessarily, i expect a perfectionism bubble soon, where all those established banksters and their perfectionism trying to hide themselves into an ico, will be exposed and collapse, this will shine light through for ordinary ico with low or no budget to have a chance as well.

many banksters are using the high budget, perfectionism and proffesionalism bazooka, to save their hides, but life isnt that easy for them either,

whats the use of starting cryptoeconomics when banksters simply change their colors like a Chameleon

nevertheless i consider that ico project of him not an appealing one.

regards

It says straight, FSMN will be backed by crypto mining, most of the investments will go to mine crypto's that will bring long-term profits for investors.

p.s Yes, I know many projects have 100-300k $ budget, some, even more, we all see 85% of them ending up in the bin. Money isn't making project successful, its people who do it.

jes and crypto is all about obtaining trust, nevertheless the minable cryptos are working as valuable money only as long as people are speculating with them, if no one wants to speculate the cryptos wont be valuable anymore because the true goal is the obtainment of money for which people still sell their time.

minable cryptos will become rarer, and project cryptos will become more common, and mining will become limited and institutionalised, weither planned and directed, or simply by impossibly high investment costs.


the fully decentral coins won't be successful in the long term i am afraid, as they cause in the end only a lot of poverty

reagards

Are you just some teenager who thinks he can make a living buying and selling coins?  Why do you need a million?  Cost of living?

 ::)

Kind of make a big network without anything for beginning! Yolo for do it free and someone will receive "legit" token?

I know what you mean, but that was not what I was asking. You want to create a mineable coin, but what is its purpose? What innovative technology will it have?
Sure, people can turn their electricity and time into your coin, but who says anybody will buy it and even if they were to buy it then what would be the purpose? Mining other coins through it?
So, somebody buys your coin, the money goes to you, you invest in hardware to mine other coins and share the profits? Looks like another cloud mining ponzi scheme.

Million soft cap, as for a big farm, you need first of all, building, you need secure it, you need to keep engineers for maintenance purposes, also equipment costs money. Of course you can buy equipment for 50,000$ and keep it in your own house/office, and after half year will get money back, but it will take way 2 long time for the coin to gain any price. Also, electricity costs money. You think you can mine crypto without any equipment ?

Also, the team will need to get paid to develop coin, own exchange, etc

No, FSMN is made as 10,000,000,000 coins, it cannot be mined.

Yes, as it says on the website. 80% of the money will go back to investors. 20% will go to keep the team working and develop coin.
Let's look at example: if there is mining equipment that is worth 800,000 $, it will pretty much bring around 100-200,000$ cash in a month time, part of the money will go for maintenance, utility bills, then rest of profits will be split as mentioned above - 80% will be used to buy back FSMN from holders at exchanges, 20% will go to keep team working on developing coin, and future services like own exchange, wallet , ico listing.

Sorry, but one look at your introduction video already tells me that people should not invest in this.
I'm really doubtful that you'll raise anything. Your website is as generic as they come.

I mean, what kind of message are you even sending through that Youtube video for example.
I'll quote some text here:


Gee, I wouldn't want to miss out on that  ::)

Source: https://www.youtube.com/watch?v=RrWIV2Xx4_I

Let me ask you another question. How much of your own money have you invested in this ICO in total?
How many miners do you have running at home right now? Could you provide proof?

Hi!

So you someone to invest in a project, where the owner will give away his own money? Or you expect money to be made BY SUCCESS OF PROJECT?

I really think you don't understand business on its basics.

About video? yes, I could do the same thing as 99% of the crypto video's nowadays, and simply put hundreds of blockchain phrases into it, but would it make any sense? I've seen so many crypto promotion video, and all it shows, just random blockchain words, that doesn't actually say anything at all.

p.s Don't forget project hasn't been worked on for a year or so. Everything will come, just give it a little time.

The bank requires the maximum request you need to dry?

What do volunteers need? ???

Are you advertising scidex in each and every post you have been informed by @jossiel not to do it again in onether post, this is like disrespecting OP.

Anything that you can offer for the team, as so far in only one in the team, with a couple offers to advertise it.