From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
Basically which is pretty nice as it’s another passive way of mining without burning up a bunch of power but earning a passive income So you can mine NHY Tokens and also get rewarded if someone's hacks the bitfence network through your miner? Yeah that's the whole point its called a honeypot and its a pretty commonly used in IT to help prevent malicious attacks and stop hackers from accessing information from networks. The fact that investors/customers using the stingminer software/hardware will also get to benefit from mining tokens whilst also keeping themselves protected is a great added bonus that could also be very profitable if the HNY tokens do well on exchanges. Good a thing that the concept is been introduced in the blockchain industry, its highly needed, as the malicious attack of hackers is like an everyday news, the industry is porous and needs to be tightened up in terms of security and if bitfence can deliver their concept as stated, then i have no doubt that they will do well in exchanges There are many areas where the token would get a boost. They plan to release hardware with stingminer so you will be able to buy for example a router with the protection software embedded. This could very well be a decent source of revenue however it may require a huge upfront cost to setup support locations. Its indeed another viable source of revenue, talking about costs, some are willing to pay for such and coming from a team of tech experts, it will be good to source via that avenue, that's the major reason why bitfence has to deliver something good based on the fact that is not just a virtual thing but more of a physical thing |
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it's very important that unsold tokens are burned, not doing so just brings risks with it
Risk of which the investors share equal or even more of the ratio. However, I think this has been talked about before and burning was the conclusion of it. I wouldn't want to invest in a ICO who is not burning their tokens or destroying it. You cannot just give them out for free. I would probably agree with a extension of the sale if there are some unsold tokens, but never with not burning the tokens. You might not necessarily know during the beginning of the ico. Most times it all comes towards the ending of the sales especially when it is becoming obvious that all token can't be sold off. Agreed, you won't know, probably that's why some individuals tend to like wait for the project to hit like a certain point before investing, all the same, we are not stressing about that but encouraging the team to do what needs to be done to keep this project going, it has been a long good journey and glad to see that is almost coming to an end |
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good to see, there is a lot of good communication on their telegram-channel https://t.me/vanigplatformIt looks like a good community is forming there I was able to get answers pretty quickly; I have just asked if they will host an AMA any time soon; I think it will be really effective for the project at this stage especially to address the questions flying around. Unlimited question answering is happening there. Vanig admin/Team looks like much active on telegram channel. I mean they are replying quickly to user's questions/queries. The way Vanig's Telegram support is different is in the way how answers to all kinds of questions are provided, Vanig really stands out in customer support Absolutely right, i was opportune to be around when the VP came online and was answering questions thrown at him, that's pretty awesome as that will give the community the feeling that they are part of the project, their admins are also on ground to give succinct answers to questions, i like that in a project |
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This is good summary of the overall Bitwatt activity during the last several months. Upcoming BlockShow in Europe also will be the important event for spreading of information about the project. Good luck Bitwatt! So their next conference will be in Berlin at the end of this month. Maybe they'll meet other project representatives there and preferably can already arrange new partnerships. I think if they do a great job networking they will be able to get various consumers and suppliers on board. I am not sure how advanced or how ready is the platform; I mean I have seen the snapshots of the system so I think their focus if that is out of the way is to get as much consumers and providers possible especially through the conferences. That is a very important aspect of the whole thing. Making adequate number of the players get onboard. I think Bittwatt won't have problem with that because they are solving real problem it just a Matter of time before people start jumping into Bittwatt That's indeed a fact, bittwatt is a case of a project that has the solution to an impediment, a lot of flaws abide in the energy sector, reason been that the selected few have unquestionable access to such a needed service, projects like this are meant to make them sit up but bittwatt is not just here to make them do such but to give users some awesome functionalities that they have been missing |
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have you already seen who is in the Superbloom team as an advisor? Guy & Galia Benartzi, co-founders of Bancor
So much better advisors you can not choose :-)
Funny enough, i have not seen that part, that's an added boost to the already existing positive ratings that has been surfacing about this project and such is needed at the moment, is becoming a norm in the ICO sphere to either step up or get booted out because of the amount of competitiveness that's coming up on a daily basis |
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I just came across this project on ICOBench ( https://icobench.com/ico/cryptocean) when I was looking for new, upcoming ICO projects. Haven't studied the Whitepaper, yet but the rating of 4.6 is really good and it seems like CryptOcean is really worth to take a deeper look. Yea, the rating is pretty impressive but most times i tend to do my own research, still going through the whitepaper and they have a whole array of information and problems saving solutions that will keep one glued to the whitepaper, one of which is the escrow pattern that they tend to apply, well i still have to finish up before concluding |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
Basically which is pretty nice as it’s another passive way of mining without burning up a bunch of power but earning a passive income So you can mine NHY Tokens and also get rewarded if someone's hacks the bitfence network through your miner? Yeah that's the whole point its called a honeypot and its a pretty commonly used in IT to help prevent malicious attacks and stop hackers from accessing information from networks. The fact that investors/customers using the stingminer software/hardware will also get to benefit from mining tokens whilst also keeping themselves protected is a great added bonus that could also be very profitable if the HNY tokens do well on exchanges. Good a thing that the concept is been introduced in the blockchain industry, its highly needed, as the malicious attack of hackers is like an everyday news, the industry is porous and needs to be tightened up in terms of security and if bitfence can deliver their concept as stated, then i have no doubt that they will do well in exchanges |
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very interesting interview. I have not looked at everything yet, but I have noticed something important, if I understand him correctly, about 145mio tokens are to be burned, which is almost half of all tokens. and because of that they plan to increase the value of the tokens when listing $ 2 to approximately $ 4. That would be amazing! Can someone confirm that, did I understand that correctly? The token to be utilizing when burning takes place would be compliant with the energy produced. From what you are saying (I did not get to see the live steam yet tbh) burning is guaranteed to take place now right? I mean they raised 42 mil and the hard cap is at 72 mil. ICO hasn't come to an end yet, remember they are having a Pre-listing sales for three day starting on 1st of June to 3rd of June more tokens will be sold depending on how the sales go token burn will be the next step if tokens remaining after the sales. That would be great. By burning unsold tokens will increase value of tokens. This procedure really is profitable for tokens holders. A great incentive on investing in 4NEW is the point above. If all tokens sell - well that's really good news, and if they don't - investors will still be happy due to the coin burn resulting in a instant coin boost per token which is obviously good news for investors The project may actually not hit the hardcap to succeed, to me they've already started, i think they can work their way up from there, start small and grow big, the good thing is that, 4NEW produces something that the industry needs and something we all use everyday which is power, so the guarantee of them making sales is a sure thing |
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I am going through the website and it seems you guys merge exchanges in one platform? So say for example I am to trade a given coin I can use any pair from the available exchanges that of course yields the better price. Is this the case?
Side note: when trying to register for the alpha I get an error when I ignore it and click on "create account" again the account gets created.
Creating account in the website is very easy. Also verification is straight forward. Website looks very clean and ready to access all the information that we need it. Attractive 30% bonus is ongoing. Just noticed it. Yea, looks simple and user friendly, something got me to this project and that's the concept that leads to bridging the gap between fiat and cryptocurrency and for the fact that they will also be issuing cards, is pretty nice, you know individuals tend to see the blockchain industry as just a virtual thing than physical, projects like this will help change that concept |
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good to see, there is a lot of good communication on their telegram-channel https://t.me/vanigplatformIt looks like a good community is forming there Yeah they are really active, that's a sign that they are willing to put in the effort. I hope Vanig really will make shopping amazing for all participants of e-commerce, using the strength of the blockchain ecommerce's growth has been stagnating, perhaps with the introduction of the blockchain it will reach new levels Yeah blockchain will be another stepping stone for e-commerce but i might disagree with your statement about e-commerce being stagnant. Maybe in developed countries but in developing countries i can say e-commerce is rapidly growing and taking over traditional trading methods. You're right but i understand where he's coming from and that should be in the area of innovation, that's the area where vanig should come in with all they got, the blockchain industry is revolutionary and that revolution is needed in the eCommerce industry, the blockchain industry has something that the conventional industry don't have, is an exciting time ahead I say that again and again. Many do not realize that the blockchain will change everything. This really requires applications that everyone uses. Once Vanig has an online shopping app, many more people will know about the blockchain and use it every day I completely agree with your statement. More number of people start using blockchain means it will obviously reach every corner of the world. Vanig is one of the project in that long road. And sure this is a good starting point. Exactly, like i usually say, the blockchain industry is still at its infant stage but the good things is that more and more people are joining the community, it wasn't like this last year, so the probability of people embracing the industry will be increasing with each passing day and projects like this is like the avenue needed to help a lot of people embrace the industry |
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Cool that the project is working towards more partnerships with energy companies. Hope for good news.
I love the fact that they are not trying to make their project an "island of one tree". They realize the need to assistance and decided to go for it. Especially given what they are trying to accomplish I’ve seen platform style projects before that they forget they need companies and people to use the platform so it’s good to see them understanding the need for partners in abundance throughout Im sure the partnerships they form with the companies will help with that, you can already pay your electric bill if your with their partner currently, im sure they'll expand that out to alot more providers! This is just a feature of the industry in which they work. No one can work there alone. It is too complicated and expensive. Usually in the most countries it's even monopolised by government. So partnerships are vital for Bitwatt. You're right, the niche is been monopolized by the government and few private companies, in countries where there are less checks and balances, it becomes an issue, as corruption and poor service delivery becomes the order of the day, more reason why this has to be successful, as it will help put a stop to some obnoxious activities |
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Speaking of dumping: When a new project is added to the platform and holders will get tokens as rewards based on the amount of SEED they hold. What stops people from buying more SEED just before the distribution and then dumping the coins right after the free tokens are distributed? Do they have a solution for this?
We can assume that the SEED Tokens will become more and more expensive over time and probably not worth doing. You have to own a lot of SEED, so that the participation pays off The more SEED you own the better the reward. I am not sure how the volatility is addressed but as more successful project go through the platform the likely the holders will grow and there is a limited supply of tokens so that would surely mean higher price per SEED. It's nice to know SEED will naturally rise in value because of the limited supply of tokens meaning a higher demand over a period of time Yes this is indeed good incentivizing mechanism to hold SEED, which is beneficial for the token holders im pretty sure I read that they would be burning the SEED they got for transaction fees and listing as well. Ofcourse they will list the SEED after the ICO. And you are right, they will burn the SEEDs that they get it from commissions which will eventually reduce the supply of SEEDs inturb increase the price in exchanges. The concept of burning is quite cool and welcome, it will sure raise the value of token although i don't bother much about the value increasing over time due to it's utility but i don't seem to understand the "commissions" part... how do they intend to get commissions Yea, i'm also a bit confused about the commission part, i'm not even sure if they will have tokens left to burn because the project has a very good concept, so i think the community will love to have some of it as oppose to others and i have no doubt that the value will increase in a short period of time, so lets just stay on the positive side |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
That's the part that i have been wanting to hear, by that, i mean the validation process because i once stated that it doesn't seem to make sense if there is no validation involved, as mischievous users can manipulate the process to their will but now that i see that there is a process involved, i'm relieved, good to know |
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Thanks for sharing this. I will definitely look into it later in the night. I hope i get some useful information about their progress in this video. Great ! There is a ton of information available on the video. A shame that it got so low views. They should post it on their social media accounts to get more views. I think it was published in social media. To my surprise still it did not get that much attention for some unknown reasons. But team can post it again and make to get the hits. Yes, it was nice interview. I was also surprise to see less hits. Specially when you look at the number of followers of 4new on social media. You guys all watched it, but nobody is going to mention the fact they announced their in talks for two other plants in other countries already..? You mean two extra power plants coming up?, that's really huge, 4NEW is becoming something else, something much more than we bargain for in terms of success, the probability of them getting recognized by notable bodies is on the high side and i must attest to the fact that i'm loving what they are doing |
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good to see, there is a lot of good communication on their telegram-channel https://t.me/vanigplatformIt looks like a good community is forming there Yeah they are really active, that's a sign that they are willing to put in the effort. I hope Vanig really will make shopping amazing for all participants of e-commerce, using the strength of the blockchain ecommerce's growth has been stagnating, perhaps with the introduction of the blockchain it will reach new levels Yeah blockchain will be another stepping stone for e-commerce but i might disagree with your statement about e-commerce being stagnant. Maybe in developed countries but in developing countries i can say e-commerce is rapidly growing and taking over traditional trading methods. You're right but i understand where he's coming from and that should be in the area of innovation, that's the area where vanig should come in with all they got, the blockchain industry is revolutionary and that revolution is needed in the eCommerce industry, the blockchain industry has something that the conventional industry don't have, is an exciting time ahead |
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i don't think that Coss as the first exchange uis a surprise to anyone with it being sold on there haha That's means the above news also true. They are listing on coss.io immediate after end ICO. Last date is 27th May and they said will list on 28th May. I'm a bit confused here, if they will do the listing immediately after the ICO, how come will the KYC be implemented?, because it takes weeks to complete the KYC verification process and then distribution follows or will they go ahead and list without the KYC?, i may probably be asking the wrong questions though, just need clarification |
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I agree but some people will sell as that’s just the industry we are watching people do crazy things like dumping quality holdings for chump change all we can hope is the smarter more patient minds last longer and have bigger pockets
Superbloom can only do so much and then it's up to the people to do as they please. You will never be able to control or stop the dumpers and that's their choice. Sure it's annoying at the start and can devalue something but at the end of the day, cream always rises to the top. Superbloom have a great idea here and I believe it's one that could do very well. You're right, is a thing of personal preference but at the end of the day the holders will benefit, the project is highly packed with relevant modalities to keep them in the market for a very long period of time, what is highly beneficial about this project is that the possibilities of holders hitting a jackpot will never stop as they will continuously be in a position to obtain something great |
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Just few days to go for the start of pre-sales of Vanig. What you guys think about it? What would be your guess for the first day investments? Its like a guess game.
it will not be easy to predict, after all, it is the first Blockchain-based e-commerce system. I think they will reach the softcap very fast, probably after 2 days It's really hard to predict. Vanig has everything that a project needs for a successful ICO. The only thing that is not optimal right now, is the current situation market situation of the crypto markets in general. I just hope BTC won't drop further below 8k. Do you think that the current market situation can slow down the sale? as people will panic and sell even if it is totally not a good idea to do that. I think this should not stop the sale given the market has been volatile for some time now. It is going to be a tough ride but generally if they focus on the product and let out the mvp and aim to get it operational that would attract good attention. Yea, they should be more focused on delivering something good, which i believe they will, waiting for prices to either go up or down can be detrimental, so is best they just go with the flow, the volatility of the crypto market is unpredictable, tomorrow it may go higher than we expected, so let them kick start the process that's needed to drive this project forward |
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It is certain that listing on Coss exchange will cause that the price fall down because:
1) Coss is a small exchange
2) Bounty hunters will sell their profits
3) 2019-2022 will be a working product
I agree with this summary. But do you think all bounty hunters will sell their tokens? I am not sure about it. I know lots of bounty hunters also HODL. They become smart these days. I agree, bounty hunters do the tasks for the tokens willingly and there is no reason to ignore that they might want to hold the tokens They do put a lot of their time in a project and i think they have enough experience to tell when a project is going to the moon then they will not dump for sure. People forget that in reality time is money so the bounty hunters throwing away at low values would be them devaluing their own time so while some will dump I’m sure others value their time and won’t dump for a low value Bounty hunters should be smarter when to sell their tokens, but with low value will not affect them. Waiting for a good time to determine attitudes in the token them get. For long term holders that outlook is very true, I wish bounty hunters would do the same. The truth is though, they don't really care, they likely won't follow the project any further and are simply looking to dump at earliest opportunity for whatever they can get ... It's then just a numbers game to do as many as they can. As they say, it all adds up. You're right, the moment the community understands that is not all about dumping but holding, the more profits we all will make, bittwatt is a nice project and the implementation that will enable it grow takes sometime to be implemented, is an energy project which involves a lot of paper work and technical skill, so the community should understand that but the wait is rewarding |
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Is there any airdrop available from Bitfence ICO ? I know that there is a bounty available, because there is a thread for that.
Nope and I’m hoping they don’t I rather they maintain a high value by giving away as few tokens as possible I think a limited amount for bounty and a small amount for marketing but for airdrop I find that doesn’t do much for the teams that have airdrops You're right, airdrop is good but has been known to cause more havoc than good because it took them little or nothing to get the tokens and is human nature to take free things for granted, bitfence has been doing well and is best they stay that way rather than open any door for free airdrops at the moment, tokens should be streamlined to be gotten through bounties I prefer bounties over airdrops too, you can get a lot more in a bounty then in an airdrop and a lot of people usually dump their tokens if they have received it from an airdrop. With bounties you get to do actual valuable work for the ICO rather then just supply a dummy email or join a page. I think bounties add more value when it comes to content generation that is mostly healthy for the community. Exactly, the project actually benefits from bounties with somewhat promotion, an airdrop is a way of advertising but not exactly for the right reasons, just advertising FREE MONEY essentially. I much prefer bountys as airdrops can impact a coin value of the project airdrops have become a real epidemic. some threads or telegram-channels were completely unreadable by airdrops and then I avoided these projects. Bounties are a good thing. i find it better, when i have to do something for the tokens. and usually, as a participant in a campaign, you get to know the project better and maybe you invest something yourself. The chances of you dumping a bounty token is very minimal compared to airdrop, it takes a lot to still hold an airdrop token because it was given completely free unlike bounty where work done is required, I think Bitfence has got some bounty running in bounty0x Yea, you get the ideology behind that, is like comparing a man who got paid after some hard labour with someone that got paid by just sleeping all day, the former will find it hard to misuse his salary than the latter that will easily do so because they believe that they will still get another free meal, so is logically and i don't blame projects like bitfence for not choosing that aspect of marketing |
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