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This is classical example of usage of technical papers which are known as whitepapers to collect one hundred millions dollars. I don't see anything different here than other projects run by incompetent people where huge money by itself becomes problem which unexpectedly they collect. Before approaching to people for fundraising they show everything under control and in shortest possible time to start producing the results. Why always the realize in post ICO era that they need months to deliver. Transparency is the best policy which isn't here unfortunately.
They clearly stated in the whitepaper that MMU production will start in spring. Funny how people start throwing accusations of incompetency while they don't even spend an hour to research what they're investing in. |
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For sure evn is not a scam but you guys should be more realistic. Promised 161% in return and only 2 MMU built and yet they don't even have the hardware for the others until a couple of weeks / months? Also they did mention that they will pay out dividends first to the big whales and if you combine everything together it's probably not a great dividend at all in 2018. So why would the price rise? They will miss 161% roi this year I guess, longterm I don't know how hashrate difficulty and everything increases.
Large orders getting ready + shipments arriving from China + manufacturing of containers + assembly + shipment to mining location obviously take time. They stated that full capacity mining will start in June, until then we'll get very small dividents. Considering so many people bought 100 tokens, it's logical that they won't be able to get dividents until full capacity mining starts. |
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So, you do accept that the projection is feasible considering people invested in mining earned even a lot more than that in past years. You are sceptical because the crypto market can crash and you can't make any profit. That's the same risk when you buy your own mining rig. There's no free money without risks. Envion obviously put a lot of time and effort into this project, the project makes sense, seems feasible and people made a decision that feasibility outweights the risks. If you wanna create your own mining company, create your project put it out there, and people will invest if it's feasible. If you're afraid they'll run away with your money, that's the same risk with every ICO. Then leave the crypto sphere and sit on your cash, nobody is forcing you to take risks.
To me, calling a 17,7x ROI in 5 years a "conservative" projection is not feasible. When I would sell a mining rig and I put an ad on craigslist saying that this will mine a 1,6 ROI in the next year based on the past year and the current difficulty, every expert would call that a scam ad. It could still be a very good project though and I invested in it based on the concept, but please, don't have that 17,7x ROI on the front page it is just screaming SCAM. But hey, that's how to attract people. I'm sure 50% of the investors don't even know what mining difficulty means. They might not even know the difference between mineable and nonmineable coins. But they do know what 17,7x 'conservative' ROI means. Especially when you have the drag bar. Even the title of this toppic is "most profitable crypto intrastructure". Where are the calculation sheets? What are the assumptions they made to get to that 17,7? What independent universitys or experts have verified those sheets and commented on those assumptions? The answer is simple, they don't exist. But still, the idea of getting concerated miners near power plants is not bad. By what standarts tho? People invested in mining 5 years ago had maybe 1700x ROI. Compared to that it's very conservative. On the internet there are various mining profitability calculators. For example you can very easily find the projections of ROI for Antminer s9 and RX 480. And those projections are a lot higher than 161%. For example ROI for RX 480 is 550%. If you think 161% is scam you clearly have no idea how profitable crypto mining is. |
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Return on Invest: 161% per year
Projected annual token profit:
Year 1 $1,610
Year 2 $2,258
Year 3 $3,167
Year 4 $4,442
Year 5 $6,230
Total Profit: $17,707
They talk about 17,707 dollar profit with an investment of 1000 dollar. That is 17,7x the returnon the orginal capital over 5 years. Not 3.88x. Still no alarm bell? WTF
If you had invested 1000 in mining 5 years ago, bought new mining rigs every year with your profit, how much money would you have now? Pretty sure you'd have a lot more than that. To add to that point, Envion doesn't particularly promise that money. They promise to distribute 75% of their mining profits among token holders. That profit might be 0, might be 500% depending on the market and mining difficulty. Why do you think mining rigs are sold out the day they hit the market and resold 4-5x the price second hand? Because mining is that much profitable. If you would have bought 1000 in coins 5 years ago, and kept them, how much money would you have now? Pretty sure you would also have a lot more then 17K. That does not give me the right to assume this will just continue the next 5 years and put that on my website. That way, I could start my own ICO, a copy of this page, where you can send your bitcoins to me, and I could say I will buy miners with your money but just do nothing, but show a 17x profit the next 5 years at the front page. Why? Because bitcoin went up at least 17x the past 5 years and so that is my projected profit based on current mining and market conditions. And everyone would believe me and would be fine with that. Wtf is this. To add to that point, Envion doesn't particularly promise that money.
No they don't promise that money, they only put it on the homepage and say it is a projected output. "The above model shows the assumed return using an annual projected token profit based on a 25% reinvestment strategy and current mining difficulty & market conditions." What do they mean current mining difficulty? The mining difficulty for the past 5 years has exploded. What do they mean current market conditions? Where is the detailed calculation? This ico, at least the front page, is full of scam signs. Hopefully they deliver good product. So, you do accept that the projection is feasible considering people invested in mining earned even a lot more than that in past years. You are sceptical because the crypto market can crash and you can't make any profit. That's the same risk when you buy your own mining rig. There's no free money without risks. Envion obviously put a lot of time and effort into this project, the project makes sense, seems feasible and people made a decision that feasibility outweights the risks. If you wanna create your own mining company, create your project put it out there, and people will invest if it's feasible. If you're afraid they'll run away with your money, that's the same risk with every ICO. Then leave the crypto sphere and sit on your cash, nobody is forcing you to take risks. |
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Return on Invest: 161% per year
Projected annual token profit:
Year 1 $1,610
Year 2 $2,258
Year 3 $3,167
Year 4 $4,442
Year 5 $6,230
Total Profit: $17,707
They talk about 17,707 dollar profit with an investment of 1000 dollar. That is 17,7x the returnon the orginal capital over 5 years. Not 3.88x. Still no alarm bell? WTF
If you had invested 1000 in mining 5 years ago, bought new mining rigs every year with your profit, how much money would you have now? Pretty sure you'd have a lot more than that. To add to that point, Envion doesn't particularly promise that money. They promise to distribute 75% of their mining profits among token holders. That profit might be 0, might be 500% depending on the market and mining difficulty. Why do you think mining rigs are sold out the day they hit the market and resold 4-5x the price second hand? Because mining is that much profitable. |
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Can I reinvest more than 25% to boost future payouts or is it automatically 25%?
i think that we can't, but perhaps we can propose it and make a vote Yep. I think they should make it 35%. |
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More than $75 Million raised, I am seriously thinking about getting in on this, only 22 hours left for ICO.
Even tough the ICO is huge success , i do not understand why should you want to invest in the last phase? Is there a bonus? I would just wait for the potential small dip after hitting the exchanges and buy then Half of the world weren't even allowed to participate in ICO and you think it's gonna tank after hitting the exchanges. Funny guy. |
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