Being the first mining project issuing security tokens, Minedblock is set to make a difference with future events to give more value to these tokens, like token burn.
Many project that I participated they burn the tokens that not been sold to their tokens sale but in mining project I think burning token is not an option. Yeah, I guess security tokens won't have token burnings. But the value for these tokens come from the 'dividends' that are paid out to token holders. Is it even possible to burn security tokens? because this is a mining project where the tokens will be involved in a lot of their activities. I am just assuming though. This is the first security tokens with mining profit stakes and No, it isn’t possible. At least not with this one. I read that somewhere in the whitepaper. To appreciate the value of MBTX, the team plans to buy back these tokens from holders in bit until there are no tokens in circulation. Are you sure that they will try to buy-back tokens? Why should they want that there are no tokens in circulation? That makes no sense to me. |
|
|
|
I did not know they were doing weekly updates; Anyways it is a given for anyone to invest to follow all of the channels for constant updates; Otherwise they would make for lousy investors. There are weekly announcements? When I look at their Twitter account, there isn't really that much project-related information available. That is something they should really try to improve. Communication and transparency is key if they want to convince more people about their project. |
|
|
|
Being the first mining project issuing security tokens, Minedblock is set to make a difference with future events to give more value to these tokens, like token burn.
Many project that I participated they burn the tokens that not been sold to their tokens sale but in mining project I think burning token is not an option. Yeah, I guess security tokens won't have token burnings. But the value for these tokens come from the 'dividends' that are paid out to token holders. |
|
|
|
We have added the ability to invest using Bitcoin, Litecoin, Ethereum, Binance Coin and Neo. These options are available once you have passed KYC and have been whitelisted.
When you now have a lot of different cryptos to invest with, when is it decided how many MBTX you get for your BTC, LTC, ETH, BNB or NEO? Will it be based on live exchange rates? |
|
|
|
Yeah, their softcap looks a bit unrealistic high with 15 million on the first glance. I think they need strong private investors to raise the most part of it if they want to reach it.
Somewhere I read they maybe considering going into private investors funding, I think that's the best way they would realize the target faster. Beside ICO still sells, a lot of good project comes to mind.. Yeah even right now What do you mean with 'private investors funding' and where did you get this information from? Isn't this what they are trying in their private sale at the moment, which is still running? Private investors funding is currently running, but the team is considering utilising private funding for the project in totality, meaning that there won't be any crowd funding or public sale. In my opinion, it will be a great idea which will speed up the process of fundraising and eliminate the cost of running a crowdsale. Are they really considering cancelling the public sale completely? This would surprise me and I am really wondering where you got this information from. Was it discussed in Telegram? |
|
|
|
Yeah, their softcap looks a bit unrealistic high with 15 million on the first glance. I think they need strong private investors to raise the most part of it if they want to reach it.
Somewhere I read they maybe considering going into private investors funding, I think that's the best way they would realize the target faster. Beside ICO still sells, a lot of good project comes to mind.. Yeah even right now What do you mean with 'private investors funding' and where did you get this information from? Isn't this what they are trying in their private sale at the moment, which is still running? |
|
|
|
We have added the ability to invest using Bitcoin, Litecoin, Ethereum, Binance Coin and Neo. These options are available once you have passed KYC and have been whitelisted.
Wow, that's nice to know now we have many choices to invest in but I think not all the people are going to do the KYC because of that, but I'm going to try to do the KYC I hope it will going to pass. The KYC is mandatory, as far as I know. So if someone wants to invest - doesn't matter which currency - you have to go through the KYC process. But that only takes a few minutes. |
|
|
|
i think this project is longterm because ico crowdsale start may 2019. the target of softcap and hardcap is so high. we all know that investors are not very enthusiastic about following an ico because many are scam
I think this makes it more interesting. They got much more time to reach the softcap while everyone the opportunity to research on the project before you invest. Definitely they have enough time left for any sale. I think their sales will be running for the most part of the year. Isn’that too much? It’s much likely to affect the progress of the project. Would the project go on, without reaching the softcap? I definitely am not a fan of long ICOs and setting high softcap and hardcap targets is definitely not something good at the moment. I hope they have a different story in the end. Yeah, their softcap looks a bit unrealistic high with 15 million on the first glance. I think they need strong private investors to raise the most part of it if they want to reach it. 15 million might look high but we have to look at the other things they might have planned and other budgets. Thwy definitely know why they set that amount. I have seen ico raised that much. Yes, there are definitely projects that raised that much and maybe they even need that much money to start their business. All I wanted to say that it looks a lot to me and I think it will be hard to raise that much without big private investors. |
|
|
|
It got to me while going through the minedblock Whitepaper first page that this have got to be the first mining STO we've got today, I invested in quite an handful of mining companies last year that promises a share of their revenue but are not able to scale due to the fact that they aren't registered yet by SEC Investors are safe here  In my opinion it might be still be too early to call as they are just beginning again. But from the way they have organised themselves, it seems like investors will be safe. Yeah, and also they are Also STO now I believe minedblock have staged themselves to be a great project now let hope all goes well with this new approach That's right, they have a great comeback when they have STO right now more people will participate and more investors will catch eyes to invest a project like this that have STO. This is the first STO i have come across and I don't know how the public reacts to STO but from what I can see right now they are positive reviews everywhere There are already some STOs but I think the time for STO is yet to come. I guess in future we won't see that many ICOs anymore but rather security tokens offerings. |
|
|
|
i think this project is longterm because ico crowdsale start may 2019. the target of softcap and hardcap is so high. we all know that investors are not very enthusiastic about following an ico because many are scam
I think this makes it more interesting. They got much more time to reach the softcap while everyone the opportunity to research on the project before you invest. Definitely they have enough time left for any sale. I think their sales will be running for the most part of the year. Isn’that too much? It’s much likely to affect the progress of the project. Would the project go on, without reaching the softcap? I definitely am not a fan of long ICOs and setting high softcap and hardcap targets is definitely not something good at the moment. I hope they have a different story in the end. Yeah, their softcap looks a bit unrealistic high with 15 million on the first glance. I think they need strong private investors to raise the most part of it if they want to reach it. |
|
|
|
I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.
Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC. Is that officially verified that they have all their documents "checked" by the SEC? I know there are a couple of exemptions and easy routes that come with severe limitations in regards to your offering. Is this a real security token offering with all the huge hurdles having been taken? The full process is said to cost in the millions of USD. Are you sure it costs millions of USD to just get the security token sale approved by the SEC? Sounds pretty hard to believe. If this is true I doubt that there are many STOs that can afford to spend this much money on just setting up the requirements for a funding round. Our initial research into a Regulation A offering puts the price at anything from $250,000 to $600,000 depended on how much marketing you include. The ongoing audit and filing costs could be around $150,000 a year. None of that is verified yet but you’d have to be working with a pretty large startup budget to do it as a new project. If we successfully complete our raise and once we’re up and running then we’ll definitely aim to do it. Being able to allow anyone to invest would be a great position to be in. So I assume you already have a starting budget for this kind of expenses or do you rely on a successful sale to get the security offering approved by the SEC? |
|
|
|
In the case that there is the clog in the wheels of the Ethereum VM or blockchain as a case study what's your plan if such a problem arises? what blockchain are you guys looking at switching to in the future??
Why do you think they need to switch to another blockchain? Sure, Ethereum had problems when Cryptokitties emerged but right now it's running smooth and easy so I don't see a reason to swap to another blockchain (create your own one). And the development at Ethereum is constantly ongoing to make it more scalable. Well while you may be correct with the fact that Ethereum blockchain maybe running smoothly at the moment it doesn't remove the need for an improvement on the scalability of her blockchain, a need which Ethereum elite group are failing at to implement to bring ethereum up to modern infrastructure standards, I'm sorry to say if Ethereum do not work on this soon it may arise some problem for her with time as some blockchains are ready to take her place There are plenty of options for issuing a compliant security token on another network so there is no reason why we couldn’t issue a token swap and move everything over if the need arises Good that there are no problems to do a swap if the need for one comes up. But as I said earlier. I am really glad that you went with Ethereum for your STO. In my opinion, Ethereum hasn't even nearly reached it's full potential and it already now has a huge network both of developers and miners all over the world. |
|
|
|
I've heard quite an earfull about crypto mining, it's one of the very first knowledge I met in my journey in the blockchain initially, but what I haven't come to see although in practical terms is the "Cloud computing" thingy.. Anyone done that in their country? I don't think I've witnessed such once  Well, you don't really need to use your computing power to mine cryptos. You can also use it, for example, for rendering, making simulations etc. Am still confused about the term 'computing power'. I'm of the opinion that it's the ability of a computer to carry out some task. Kindly educate me on the meaning of computing power and correct me, if my opinion is wrong. I'll also like to know if a laptop computer can be useful for mining or earning cryptocurrency. Yeah that's what is meant with computing power. In theory you could also mine with your Laptop but I think it won't be really worth it because it lacks computing power. |
|
|
|
I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.
Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC. Is that officially verified that they have all their documents "checked" by the SEC? I know there are a couple of exemptions and easy routes that come with severe limitations in regards to your offering. Is this a real security token offering with all the huge hurdles having been taken? The full process is said to cost in the millions of USD. Are you sure it costs millions of USD to just get the security token sale approved by the SEC? Sounds pretty hard to believe. If this is true I doubt that there are many STOs that can afford to spend this much money on just setting up the requirements for a funding round. |
|
|
|
I've heard quite an earfull about crypto mining, it's one of the very first knowledge I met in my journey in the blockchain initially, but what I haven't come to see although in practical terms is the "Cloud computing" thingy.. Anyone done that in their country? I don't think I've witnessed such once Well, you don't really need to use your computing power to mine cryptos. You can also use it, for example, for rendering, making simulations etc. |
|
|
|
i think this project is longterm because ico crowdsale start may 2019. the target of softcap and hardcap is so high. we all know that investors are not very enthusiastic about following an ico because many are scam
Yeah you're right but I am of the opinion that Scam ICO wouldn't want to operate now since the crackdown of such activities by SEC all year, there have been some successful ICO campaigns even with the ecosystem not looking good for ICO, a good example is the recently concluded BTT token launched on Binance Lab which have seen good growth in its token value. Nowadays even legit and interesting looking ICOs struggle to raise funds. Investors are now far more cautious, not that easy for a scam-ICO to raise money now. |
|
|
|
Neuroneum ICO platform should be up soon and team says it’s going to be lit. I guess the private sales are over. Best to wait for an official announcement.
Where did you get this information from? The website still shows that the private sale is live. Would be great to have an official announcement if it is really over. |
|
|
|
Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?
Me too noticed it. Instruction clearly says first buy POLY in binance and then send it to the erc20 wallet. Then you have to use metamask to buy the minedblock tokens. It means atleast I understood like Minedblock tokens can only be bought with POLY tokens. But why this procedure we have to do it? I mean POLY have is some kind of business partnership with mindblock or any relationship? I can see this is first project that they kept this kind of conditions. Right. There are no partnerships, not that I know of. This is the first STO I could find on bitcointalk, at least the one with more investors showing interest and they decide to promote POLY. Shows they believe in the project. Btw I think polymath is a great project and a good option to Ethereum. It's not directly a partnership. Polymath is a platform for security token offerings. There are other platforms like Swarm fund or Dusk network for example. I am not sure what the perks are of each of these platforms but MinedBlock simply decided to use POLY. |
|
|
|
In the case that there is the clog in the wheels of the Ethereum VM or blockchain as a case study what's your plan if such a problem arises? what blockchain are you guys looking at switching to in the future??
Why do you think they need to switch to another blockchain? Sure, Ethereum had problems when Cryptokitties emerged but right now it's running smooth and easy so I don't see a reason to swap to another blockchain (create your own one). And the development at Ethereum is constantly ongoing to make it more scalable. |
|
|
|
|
What exactly is the softcap for Minedblock? And what would happen if the softcap isn't reached? Will the project then be cancelled and investors refunded?
|
|
|
|
|
Show Posts
