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Honestly the marketing isn't bad, the community is actively promoting the ICO, and we'll be the first ones to invest in this awesome project
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I feel the same way - i will personally not be investing - rather ill be selling my mne on the day before the ICO and washing my hands of it.. its too short a period of time to drum up interest.
the whitepaper is basic, where can we find out about what funds will be used for, what about premine, what about hard cap/soft cap, what about liquidity after ICO, what about exchange listings, i could go on
the roadmap is threadbare, the DEVs are anonymous which was fine for minereum but fora project looking to raise potentially millions of dollars its not good.
Nobody knows about this outside the minereum community, everyone who hears about it will come here to this thread... if your not careful DEV the thread will be taken over by FUD sooner rather than later. you need to address these points as a matter of urgency.
maybe I'm wrong but many project are born small..and are become big..look nxt this coin has been announced like scam..and nobody wanted invest in..some one have put btc..now they are rewarded for this..we have already proof than dev work on the project..if mne was a scam no one will purchase artemine. Agreed, I think ART has a big future regardless of how the ICO goes, if people don't invest now then i'm sure they will regret it later. MNE will also thrive after so many get burned, and lets not forget MNE will not be over with, it will still have an active development team. Exactly, plus both companies will really help each other grow quite fast imo |
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What will happen to minerium when artemine will be started. Will both projects be living paralel lifes? Is there a development timeline for me to read somewhere?
Both will live side by side and most likely will work together on creating tokens and launching ICO's for them |
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guys, saw that changebank was already collecting half of the presale. but is there a significant price difference between presale and ico?
You get a 25% bonus, which really is a lot considering you need to invest at least 10ETH |
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Gamblers like Stox platform, I can't imagine the price in next year. Maybe 50 USD? the price maybe will fly to the moon in the future.but you must wait patiently. otherwise you will lost them. x10 would bring the market cap to a total of almost half a billion dollars. That's quite acceptable for a concept like this, I could even see it surpass the 20$ per coin mark Now we have 25M usd market cap, 10x will be a quarter of 1 billion dollars, 20x is possible, it is only half a billion, look Omisego, they have release nothing but 1.2 billion market cap? Damn unfair. I think it is really crazy how people by now come up with evaluations. This is not to say that OMG's price is proper, but saying that "only half a billion" is easily possible is insane. Imagine those times for startups when Blockchain didn't exist. It really is not. If we look at Xem they have a massive supply and a cap of a couple billion. In the long haul a 500 million cap is therefore quite realistic for a market concept that has always been very profitable |
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Can one rationally argue that the negative news about ICO bans from China could be a positive thing for NEO in the long term?
There is no way China is going to ban this forever.
The most obvious scenario would be a collaboration between Chinese Government,
NEO and perhaps Microsoft China.
This is just my speculation!!
Well as you know the Chinese have a habit of banning stuff only to reconcile later. This ban probably won't be permanent. If it is, it'll be a long time before the market goes up again as most investors are actually chinese. A collaboration seems unlikely yet possible |
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For those who do not yet know, the pre-sale has started! Roughly 23k ether raised in the first hour.
Regarding the scam. To our knowledge, out of more than 500 investors, only 2 have been scammed.
We are looking into it.
Great, I'm really impressed with your team and I'm sure you'll handle this splendidly |
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Gamblers like Stox platform, I can't imagine the price in next year. Maybe 50 USD? the price maybe will fly to the moon in the future.but you must wait patiently. otherwise you will lost them. x10 would bring the market cap to a total of almost half a billion dollars. That's quite acceptable for a concept like this, I could even see it surpass the 20$ per coin mark Now we have 25M usd market cap, 10x will be a quarter of 1 billion dollars, 20x is possible, it is only half a billion, look Omisego, they have release nothing but 1.2 billion market cap? Damn unfair. Yes but the full supply hasn't been released yet. About Omisego, I don't know enough about them to judge |
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I don't trust this ICO. Their mail is hacked before Pre-ICO. I noticed members in slack, but they banned my slack account.  Scammer's email (same email address, sent before 10 mins):  Their email:   That's bad news, hope the devs give an official statement about this and how they plan on dealing with it |
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it's scam,
the devs who holds minereum wants to cash out at high prices
I don't think so, the devs have delivered what they promised, time after time again. Right now they're setting up a company in Switserland to handle the ICO, which can be expected to happen at the end of this month. Also, all the MNE received will be burned, pumping up the MNE price, which indeed is good for the devs, but also for the investors But what does this say about the project itself? Shouldn't a good project just focus on development and let the market take care of itself?
Not anymore. As you know, the market is growing a lot faster than it can organically handle. We went from 18 billion to 180 billion in less than 8 months, this is an unsustainable growth. This means a lot of less succesful projects will disappear when the next crash hits. People need incentive to buy. A coin that goes up and down and up again is very interesting to investors, it shows an active community and large profit potential. Unless the whole project is just about profit, and then what is the use of having a development product? Anyway, ICOs are risky now. Let the China news play out first!
Every single dev out there is thinking about profit. The use of that product is to generate as much revenue as possible through solving a problem. Also, ART doesn't really target China as far as I know. It's mostly aimed at companies who want to use the tech to launch their own coins and ICO's a lot cheaper and quicker. Obviously the whole China situation made things worse but in the long haul I can see both MNE and ART do really well |
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Gamblers like Stox platform, I can't imagine the price in next year. Maybe 50 USD? the price maybe will fly to the moon in the future.but you must wait patiently. otherwise you will lost them. x10 would bring the market cap to a total of almost half a billion dollars. That's quite acceptable for a concept like this, I could even see it surpass the 20$ per coin mark |
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Should not be the mne Tokens much higher priced than 4 - 5 $ currently?
Assumed that 1 ETH = 350$ when ARTMINE ICO starts and on day 1, 10 MNE = 1 EH = 350$ -> 1MNE = 35$
Current Price: 4$
ICO Price (assumed 1 ETH = 350$): 35$
Don't people trust the project or what's up?
It will be, once the date of the Artemine ICO is release, just wait for it man, you can quote me on this though, because I am sure of it.  Doubt it, I've read an quote somewhere that applies here: I can sell my fart for 100$, OR I can sell it for 10 of your farts. That however doesn't make your farts each worth 10$. Also, I guarantee no one is gonna buy ART with ETH, that would be absolutely ridiculous as that would be almost 10 times more expensive. They added the ETH value to show everyone how much better it'd be to buy it with MNE, so that interested investors would be buying MNE, pumping its value. I'm not saying that's not a good strategy, but you're comparing apples with oranges here. My guess is MNE might go up to 15$, but I'm more inclined we're not gonna see it go past 8$ anytime soon You're missing the point. The fart thing is conpletely irrelevant. The idea is that nobody will contribute using ETH because they can get more for their money by buying MNE and using that, thus driving the price of MNE up. With enough interest there will be a point where ETH may get you more for your money. It will balance out providing there is enough interest, because the circulating supply of MNE is limited, and the coins will be burned. I'm not saying that it's 100% going to hit $30 but at the end of the day it all depends on the level of interest and how well it's marketed. Exactly! Let's agree to disagree, no disrespect brother |
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it's scam,
the devs who holds minereum wants to cash out at high prices
I don't think so, the devs have delivered what they promised, time after time again. Right now they're setting up a company in Switserland to handle the ICO, which can be expected to happen at the end of this month. Also, all the MNE received will be burned, pumping up the MNE price, which indeed is good for the devs, but also for the investors |
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and who can explain in brief how this will work? can there be a demo version of the product?
Basically you'll be able to control your own data, sell it, and buy data from others. As you know, entities like facebook make billions literally selling your adspace to companies. They sell your data so that you're getting highly targetted ads, like if you 'like' a picture of a soccer player, you might see ads for adidas, stuff like that. Datum cuts out facebook as the middleman. I believe a demo version will be out by Q1 of next year That's the only issue I have with the project in the current form. I don't believe it cuts out facebook or others as the middleman, because they will keep selling your data. At this point, Medium seems like an alternative that needs to make itself interesting to buying parties in order for them to come to Datum and purchase their data there. Think about it: Social media sites and email providers have very up-to-date info about you, which they can sell immediately. That will be highly targetable (in matter of seconds actually), which comes with a price tag. At Datum the user will have to keep their info/interest up-to-date themselves. I don't know how/if people will be doing that very often. I actually really love the concept, but I do believe it needs some work (or a demo to make it a bit clearer). How often do you receive ads that don't apply to you? I get them every single day. Not only this, but it's incredibly expensive (sometimes 1$ per click). Also, they're gonna be focussing on large data storage and IOT integration. Their coins will be valuad at 1/10000 of the ETH price, which will probably be around 400$, so 1 DAT= 0.04$. Compared to the SIA price, adjusted for supply differences, it's still 33% cheaper than SIA, which as we all know is bleeding to death. I believe the Datum Network could reach a 1 billion dollar cap, or about 0.3$ per coin. I get bad targeted ads every day as well, but that's most likely because I don't use any social media lol. And still, just using Google search gets me ads for weeks matching my search terms. Don't get me wrong, I really support the idea of Datum. I just think it's a way to get a piece of the 'data pie' so to speak instead of really cutting out middlemen. I hope all data purchasers come to Datum eventually so we can benefit from our own data! That's of course just part of what Datum will accomplish. It's like NEO and ETH being great tools to raise funds during ICO's, but that's not their only use |
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Should not be the mne Tokens much higher priced than 4 - 5 $ currently?
Assumed that 1 ETH = 350$ when ARTMINE ICO starts and on day 1, 10 MNE = 1 EH = 350$ -> 1MNE = 35$
Current Price: 4$
ICO Price (assumed 1 ETH = 350$): 35$
Don't people trust the project or what's up?
It will be, once the date of the Artemine ICO is release, just wait for it man, you can quote me on this though, because I am sure of it. Doubt it, I've read an quote somewhere that applies here: I can sell my fart for 100$, OR I can sell it for 10 of your farts. That however doesn't make your farts each worth 10$. Also, I guarantee no one is gonna buy ART with ETH, that would be absolutely ridiculous as that would be almost 10 times more expensive. They added the ETH value to show everyone how much better it'd be to buy it with MNE, so that interested investors would be buying MNE, pumping its value. I'm not saying that's not a good strategy, but you're comparing apples with oranges here. My guess is MNE might go up to 15$, but I'm more inclined we're not gonna see it go past 8$ anytime soon |
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i want to know the cap
I believe around 150.000 ETH |
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Why is de cap based on ETH? That makes zero sense. The price of Ethereum dropped $100 in just a few days. In just one month the price even dropped from almost $400 to $150. How can you even fund a project based on cryptocurrencies when they are so volatile?
It seems to me that raising funds this way is based on nothing. If the hard cap is 200.000 ETH you can potentially raise $76 million when the Ethereum price hits $380 or $40 million when the ETH price hits $200. You have no clue in advance what the price of ETH will be at the time of the ICO.
So how can a hard cap of 200.000 ETH be justified? The hard cap should be based on actual dollars needed and then recalculated to the amount of ETH needed.
Besides, how does the public know how much money will be raised? How much of those 200.000 ETH will be sold for dollars right away? I doubt every single ETH will be sold right away.
Also, the white paper only uses percentiles. For example, 25% of the funds go to licensing and partnerships. And how much is 25% of the funds exactly? No one knows. This is based on the price of ETH which may drop or rise significantly in a matter of days.
Don't get me wrong, its sounds like a great project but funding ICO's based on cryptocurrencies makes no sense at all. I see this happen with a lot of ICO's.
Millions of dollars are raised but no one knows how much. And if all these millions are actually needed. The white paper only talks about ETH. That makes zero sense.
What will happen in the following scenarios:
- Hard cap is 200.000 ETH.
Scenario 1: price of ETH falls to $250 on the day of the ICO: $50 million is raised
Scenario 2: price of ETH raised to $400 on the day of ICO: $80 million is raised
Scenario 3: On the day of ICO the price is $400 but drops to $280 a month later: how much money is raised?
On a side note, these amounts are only raised if all ETH received in the ICO are directly converted to dollars. Which I doubt will happen.
Putting a hard cap based on cryptocurrency basically means there is no hard cap. Because you might raise $50 million, $20 million, $100 million, etc.
The only right way of funding an ICO is based on the amount of money you need. If you need $50 million then the hard cap should be $50 million. Then the amount of ETH needed should be based on the amount of $50 million. Meaning the hard cap based on ETH will change every day until the ICO takes place. And all raised ETH should be sold for dollars right away. But that does not make any sense at all either. Because if the market is dipping, it would not be wise to sell all ETH right away.
Maybe I'm missing something. But I have zero understanding how funding a project based on volatile cryptocurrencies can work.
The reason ETH is chosen is because it solves the problem of multiple currencies. I think investors all over the world are interested, so using ETH as a base currency makes it easier/safer/faster to contribute than using Bitcoin or our own federal currencies. Also, Eth has a lot of potential to grow right now, so they're probably fine with raising money this way. I'm sure they prepare for the worst (ETH drops back to 100$) and hope for the best (ETH shoots past 400$), so i'm guessing they need around 20 million to keep things rolling. Last, they add the hard cap to make their product more scarse, it's a well known marketing tool. Setting a cap of 20 million seems a lot less scarse than setting a cap of 200.000 ETH |
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easily STORM, best team and product in existance since years
The product looks good indeed, but I can't find any info on the ICO or token sale, how many coins will be in circulence, ... eventhough their roadmap states that the token sale is happening in Q3 and 4 of this year |
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sounds interesting. Do we have a date for ICO?
Not yet, it was planned to happen somewhere in the first two weeks of september, but starting company in Switserland to launch the ICO is taking longer than expected. I'm guessing we'll see the ICO happen at the end of september |
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