Why has the price gone so low?

Looks interesting, waiting for the whitepaper.

Really interesting project! Looking forward to it!

Is the airdrop ongoing? Or is it over?

Possible Concerns if Cryptocurrencies Replace Cash
Of course, there are some huge challenges and concerns with this scenario. If cryptocurrencies outpace cash in terms of usage, traditional currencies will lose value without any means of recourse. Should cryptocurrencies take over entirely, new infrastructure would have to be developed in order to allow the world to adapt. There would inevitably be difficulties with the transition, as cash could become incompatible quite quickly, leaving some people with lost assets. Established financial institutions would likely have to scramble to change their ways.

It is important to note that while the initial Bitcoin-mania saw quite a few businesses offer to accept the cryptocurrency, that list has steadily dwindled brining back the skepticism about its use a medium of exchange.

Beyond the impact of a cryptocurrency future on individual consumers and on financial institutions, governments themselves would suffer. Governmental control over central currencies is key to regulation in many ways, and cryptocurrencies would operate with much less government purview. Governments could no longer, for example, determine how much of a currency to print in response to external and internal pressures. Rather, the generation of new coins or tokens would be dependent upon independent mining operations.


Regardless of how individual investors may feel about the prospect of a switch from standard cash to cryptocurrencies, it is likely out of anyone’s hands. Of course, with ample speculation abounding that the cryptocurrency industry is a bubble that is destined to pop, it’s also possible that predictions of a crypto future could be overblown. What is difficult for investors is that, as with all things crypto-related, changes happen incredibly quickly, and predicting them is always tough.



Read more: Could Cryptocurrencies Replace Cash? | Investopedia https://www.investopedia.com/news/could-cryptocurrencies-replace-cash-bitcoin-flippening/#ixzz58BwQ41dA
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How are the ICO funds being distrubuted?

This is a simple question with a complex answer. There are a few different factors that influence whether or not Bitcoin mining will be worth it for you. Even with the rising Bitcoin price, the set-up fees and electricity costs may outweigh the revenue that you’d earn through mining.

The primary factors that affect your Bitcoin mining profitable are:

Mining difficulty and rewards
Hash rate
Operational costs
Mining difficulty and rewards

The mining difficulty determines the complexity of the algorithm you need to solve when creating a new block of transactions. As more miners join the network, the difficulty increases making Bitcoin harder to mine.

Bitcoin mining difficulty

The reward for mining a block is currently 12.5 Bitcoin. This reward is cut in half every 210,000 blocks with the next “halving” set to occur in 2020. Ideally, the price of Bitcoin will increase enough to outweigh the continuing decline of the mining reward.

You should also factor in the conversion rate of Bitcoin to fiat if you plan on cashing out at any time. With the volatility of Bitcoin’s price, this could greatly affect your profitability.

The biggest unknown when calculating your projected Bitcoin mining profitable is the amount of yearly profitability decline. No one knows how many miners will continue to join the network, so it’s nearly impossible to calculate just how much your revenue will decrease each year.

Hash rate

The hash rate is the speed at which your mining rig can solve the algorithm needed to mine new blocks. Although a mining rig with a high hash rate may seem nice, they usually cost significantly more to purchase and operate.

When choosing a miner, you should first figure out how long you’d like to mine for. If you’re only planning on mining Bitcoin for a short amount of time, it could be advantageous to pick up a less expensive miner. Even though the hash rate may be lower, you may be able to pay off the initial purchase cost at a faster rate.

Operational costs

There are a few different costs you need to consider when calculating your Bitcoin mining profitability.

The electrical costs differ based on your electricity rate and the power consumption of your mining rig. Mining rigs are usually listed with their typical power consumption, and you can find your electricity rate on your power bills.

Bitcoin miners

To mine effectively, you’ll need to join a mining pool and pay the associated pool fees. A mining pool is a group of miners that work together to mine blocks at an increased rate. The reward of each block is then split amongst the miners enabling you to get paid more regularly. These fees range anywhere from 0% – 5%.

You should also include the upfront cost of buying a mining rig when calculating your potential profitability.

Truly amazing idea!!!

Is the bounty campaign still ongoing?