Update for everyone  

Firstly, your Ecobits can be withdrawn from your Proof of Stake wallet to your normal Ecobit wallet.
If you don't do anything, you will keep accruing income on your POS wallet.

Secondly, Ecobit has been listed on Cryptopia. If you have not opened an account yet, you can consider using the link below.
https://www.cryptopia.co.nz/Register?referrer=Ecobit1

Once it is setup, you can withdraw your Ecobit to Cryptopia. Note that it is cheaper to move Ecobit on Cryptopia (0.01 Ecobit fee).

Last 7 days! ICO ends June 8th.

*thumbs up* Glad to have your support!

Apologies was offline for a bit! Will check and respond to your PM

This is a good question. The situation is similar to the Ripple Foundation. There is no intention for the owners/promoters to flood the market with EcoBit tokens. The EcoBit team intends to keep the supply of tokens on the market at a limited amount.

Hi judeafante,
That is a fair assessment/judgment (everyone needs to do their own assessment).  We do believe you are right about the coin's potential!  There's also nothing wrong with investing in this coin once you have seen more, and seen how it develops.

For those who are interested: NEM deposits are enabled.

Hi Zylon,
Appreciate the question. 2 points:

(1) You can't really measure the price per token on a standalone basis as cheap or expensive - it needs to be considered in the context of the value you expect to derive from the token.

The nominal price is not a reliable measure.

(2) Correction on ICO price description.
Day 1-10: US$0.03 per EcoBit token.
Day 11: US$0.0303 per EcoBit token.
Day 12: US$0.0306 per EcoBit token.
...
Day 60: US$0.045 per EcoBit token.

Remember to use the special rewards link when signing up!
https://member.ecobit.io/Register?ref=EcoBitEarlyAdopter

A few topics/replies for consideration

Concerns re: carbon credit/green projects
- I do think people are fair to raise concerns e.g. TheTruthIsOutThere
- And I do think people are also fair to raise supporting points e.g. McDoxy1

Here's the thing:
- In any barrel of apples, there's always going to be some bad apples - it would be unfair to paint the whole industry with the same brush.
- However, where questions need to be raised, or additional investigation needs to be performed - I think that's fair.  One should always do due diligence (seems often unheard-of in the crypto world).
- The EcoBit team is not going to close their ICO in 10 days - there is an extended ICO period.
- I think the next 60 days (or 57 days, to be precise) is where tough questions should be asked by others (and answers shared by the EcoBit team).  EcoBit team members will certainly jump in here to make clarifying statements.  If you get an answer from direct communications, share it here.  The more information that is shared with everyone, the better the judgment all can arrive at.

The EcoBit team is not shirking any responses, and they respect that people may have warranted concerns.  The questions raised online - are no less difficult than the questions raised in their offline fundraising. You should not hesitate to ask questions, but try to keep them claim-free so that the answers can be evaluated objectively.

Concerns re: promoters

Sir - with all due respect - that is an assertion that needs to be proven. If that is indeed the case, you should provide documentary evidence rather than an online statement.  Am sure that will also give comfort to other prospective investors.  Again, the EcoBit team will not shirk from responding - but do provide supporting evidence.

.

Answers from the team enclosed:

(1) As with most IPOs, only 10% to 20% will be issued to the public. Total issued will still be 8,888,888,888 EcoBit, nothing more and nothing less.

The team will hold the balance of the EcoBit internally. Like other projects, they will practice a good "Code of Conduct" e.g. advance announcements if the team intends to use any significant % of the retained funds.

(2) Projects under EcoBit:

Aquaponics and Spirulina.  The weekly benefit will be given free to local people first and the extra will be sold. The nett profit will be then used to buy back EcoBit.

Hi Coin_Trader, for Phase 1, according to the team, they have started implementing a carbon credits project. Here is a link:
https://climateprotector.org/news/ This is a 30-year concession over a million acres.

Hi anehh, thanks for the question. According to the team, they have capped it to 8,888,888,888 tokens.

Frequently Asked Questions (FAQs)
Also available at http://www.ecobit.io/

WHAT IS ECOBIT?
EcoBit is blockchain digital crypto token/coin which is decentralised and 100% transparent.

WHAT IS ECO-CAPITAL/GREEN-CAPITAL?
Eco-capital - also known as green capital - is a representation of “nature’s economic value”, a term used for natural living things; natural resources such as forests, water and air; and all natural assets such as the cap and trade system, and carbon trading (putting a price on carbon emission into the atmosphere). Eco-Capital is aimed for use to resolve environmental issues.

WHY PARTICIPATE IN ECOBIT?
There’s so many reasons why you should participate in EcoBit. Firstly, EcoBit has a huge potential to deliver exceptionally high returns. Secondly, investing in EcoBit is also a means to invest in a greener future. Thirdly, as a member of the EcoBit family, you will receive many benefits and perks. Fourthly, EcoBit not only focuses on green economy, but it also focuses on healthy living (Spirulina farm and Aquaponics Farm). Last but not least, EcoBit is on a mission to spread its green initiatives globally by educating people on green and sustainable projects by riding on its one-of- a-kind eco-tourism EcoBit Sanctuary hotel as a green education hub accessible to all EcoBit participants.

Note: Not all projects will take place. This depends on the total funds raised in the ICO.

WHY DOES ECOBIT(ECO) HAVE A HUGE POTENTIAL?
EcoBit has a huge potential because the projects that EcoBit ventures in are mostly undervalued and present enormous potential growth in the first place. Two key projects currently targeted are the Spirulina Farm and the Aquaponics Farm. These will contribute in the green economy that is already an extremely trending market that people are focusing on these days. There are also referral bonuses offered for those who recommend EcoBit to other investors.

HOW DOES PARTICIPATING AND SUPPORTING ECOBIT SUPPORT A GREENER FUTURE?
All EcoBit projects are sustainable, with green initiatives and are health oriented. Every purchase of EcoBit will contribute to our EcoBit green projects and that will directly reduce the carbon footprint in our atmosphere. Thus, the more EcoBit you own, the greater the contribution you are making for a greener future. EcoBit is available to anyone, from anywhere in the world which creates opportunities for individuals that have the desire to protect mother earth while earning returns.

WHAT ARE THE PERKS AND BENEFITS IF YOU OWN ECOBIT?
There are many perks you will receive depending on the amount of EcoBit you have. Some of the perks include free produce and organic products to bring home weekly, free stays at the EcoBit Sanctuary hotel and many others. You can find out more at our main website or by emailing support@ecobit.io

HOW DOES PARTICIPATING IN ECOBIT ALSO MEAN COMMITTING TO HEALTHY LIVING?
Projects include Spirulina Farming, Aquaponics Farming, Honey Farming, Free Range Organic Chicken and Duck Farms. All these projects will create food and provide health benefits to people. Apart from that, we will be able to create a full blockchain supply chain for all our products. This means you can be assured 100% from where your food originated and you can trace it real-time in blockchain. As an EcoBit owner, you will get free access to all the farms and bring home the produce weekly (*terms and conditions apply). Find out more at our main website or emailing support@ecobit.io