From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining Yea, mining does sound scary to me but from the comments going on here, is clear that bitfence have simplified the process and eradicate any need for sophisticated equipment or machinery, so is a welcome development and i'm pretty sure a lot of individuals will like to identify with this project, simplicity matters a lot in a project it will be as easy as the ABC. Buy Stingminer, plug in, let's start with the mining :-) I'm definitely going to get a Stingminer to hunt hackers with it:-) The more of us join in, the harder hackers lifes will be in the future Thats the beauty of this project, the more miners the safer the internet will be, also - everyone benefits from running the miner Yea. So the goal is to get as many people as possible in to the platform to mine. Once that is done, we can all be sure to sleep at night with both eyes closed and no fear of hacks. Not only that, but the longer you are mining the more tokens you are getting rewarded. My only question is that; when you get rewarded for these tokens? Does this cause the supply to go down resulting in a higher token price?? along with that question; you can have multiple miners; for example the same person running servers of stingminer which might lead to superiority in the network. how is that addressed? |
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it's very important that unsold tokens are burned, not doing so just brings risks with it
Risk of which the investors share equal or even more of the ratio. However, I think this has been talked about before and burning was the conclusion of it. Yes, I also heard that they will burn unsold tokens. This is really needed if you want to growth of tokens. As far as i know they have also burned a lot of tokens right now and they have even raised the price per token from $2 to $4 for the 3 day sale. Where did you get this information from? There are still $ 2 / tokens left on the homepage, and I do not think they simply double the price for the 3-day sale. Maybe you are confusing something, because there are predictions that the token might be worth $ 4 after the tokenburn when it's listed on an exchange I think he got the information from the unofficial group where price speculation is allowed but unlike the main group no such increase has been established its still at 2$ per token even in the 3 days pre-listing If they are thinking about this i would advice them to desist from it. They should just leave the token price at $2 per token except they don't plan on achieving the hardcap. What do you mean, they don't plan on achieving the hardcap??? They certainly do.... I think it's very possible aswell considering how well the presale went Of course they want to reach their hardcap (or want to raise as much money as possible) because with the extra money they can buy/build more plants. But I don't think they will reach it. They raised 40 million in the whole sale so far and you expect them to raise another 30 in just 3 days? They have done a good job marketing and keeping up good progress; I think the hard cap is quite hard to reach or hit in 3 days however there is a chance for private investors to jump in with good money. We just wait and see. |
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Very interesting article, i'd advice everyone else to take a read, it gave a review about SuperBloom and what it stands to achieve in the blockchain, this is a project for all any time  It is mentioned that in case the ico did not hit its softcap you usually get nothing. How is that addressed with Superbloom? I understand they investigate any ico to come on board thoroughly is that the treat? |
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It is definitely interesting the way you want to integrate plastic crypto cards. It is not something that you usually see in these type of markets
I like the sound of that, where did you see this information please? I would love to have a plastic crypto card which I can use in normal shops I found some information in their whitepaper on page 17 and they say as i quote "With crypto cards, you can pay for goods and services and receive cash in ATMs". I’ve seen things like this mentioned in concept before and think it could be a huge move the fact is anything that improves day to day availability for people to get into and utilize crypto in their daily life is great for the entire industry whatever ico masters it is going to explode The cards and ATM concept is quite interesting. being able to withdraw and deposit. I can imagine this being adopted in various regions and in this case crypto-ocean most likely would require a banking license for some regions? Interesting to this actually available. |
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I’m hopeful for this project that we continue to get solid news and announcements from the team as the real work continues and the platforms various parts come together over the next several months after the ico finishes completely
I am looking out for the Puerto Rico news to be honest. It would really be a great case for many others to follow. Since the recovery after the devastating Maria Hurricane is costly. The repairs to the energy grid alone is around $200 mil |
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This project has a better authentication service also for the users and i must say that this is the first e-commerce project based on blockchain that i have seen. This project is out to make investors rich.
It's certainly an attractive product, bearing in mind amazon overall fees were calculated at around 18-20% with Vanig's around 8-10% A great selling point 8-10%!! that's very fair buddy, a great selling point indeed. I checked the MVP sneak peak they put in looks really good awesome design if ask me. I believe in time Vanig will be placed in the league of Amazon and Co. People hear 8-10% and somehow think that’s high but in the grand scope of a product chain the fees are really quite competitive if you look around at the traditional markets that get added up in normal supply platforms I think the fees on the suppliers apply but not on the consumer. Honestly if 8-10% on the consumer that is quite high. Given you already pay for VAT. If on the supplier side that would be reasonable given you are providing distribution to buyers. |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining Yea, mining does sound scary to me but from the comments going on here, is clear that bitfence have simplified the process and eradicate any need for sophisticated equipment or machinery, so is a welcome development and i'm pretty sure a lot of individuals will like to identify with this project, simplicity matters a lot in a project it will be as easy as the ABC. Buy Stingminer, plug in, let's start with the mining :-) I'm definitely going to get a Stingminer to hunt hackers with it:-) The more of us join in, the harder hackers lifes will be in the future Thats the beauty of this project, the more miners the safer the internet will be, also - everyone benefits from running the miner That is amazing you can mine and earn NHY Tokens and also in the meantime we are protected by hackers who try to hack the Bitfence network. It’s a pretty great concept to use decentralized network to actually improve detections I never understood originally how the mining was going to work but based on what I’ve seen the entire process makes a lot more sense and I’m really understanding why this projects got so much potential The best part is running the software. You really don't have to invest a lot in the mining hardware any PI would do. Add to that being decentralized it means it is collaborative protection. Imagine having say 100k users all contributing to the detect and prevention algorithm. |
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Thanks for the share, I especially liked the clarification that SEEDs are not securities: " It's not a security-- we spent hundreds of thousands of dollars on attorneys to learn the rules and regulations of the large countries to make sure we ARE NOT a security. SEED holders get not only ACCESS but FREE TOKENS from the vetted deals -- (we usually buy them )." Buy them tokens? I thought it's a part of the project responsibility to let go of some token in a airdrop-like fashion just like westart? Yeah, that's what she's saying, users who hold tokens get free ones, rather than usually buying them ( or that's my take on that sentence) I'm actually referring to the part where she said (we usually buy them) I.e she buys this token and distribute to SEED holders, if this is so, then I think I'm in a very responsible project, quite few of them if you ask me They buy the tokens to distribute them to SEED holders? And that pays off for Superbloom? At first it was said that the ICOs have to pay for the listings in tokens. but to give free tokens to all holders, the fees would have to be really high. If they really buy tokens now, then I hope they calculated that well Well, it's hard to believe that they will have to buy the tokens that they are going to distribute to the members. Like you, I thought they are demanding a portion of the coins by a project in order that this project gets listed on the platform. And that they will distribute these tokens to SEED holders. Would be cool if anyone can help us out here and confirm what's right. In the whitepaper it is mentioned that there are no fees for listing; however the project is required to set a portion of its tokens to the members. The distribution to the members would be on their SEED holdings. Listings are free and the project donate tokens to the platform. |
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they mention some interesting dates: Bittwatt organizes a golf tournament in Bulgaria. To participate would certainly be interesting. I'm sure many investors and interested people will be involved. Does anyone play golf here? And they are at the BlockShow in Berlin on the 28th and 29th of May. That's already next week. Let's see if I find time Golf games are actually gathering of the wealthy, the movers and shakers, we should be expecting such people around there in the games, I could see maybe that's the purpose though, anyways I personally do not play golf and never been around one just my TV  And no one can say what will be more important for Bitwatt: participating in Blockshow in Berlin or organizing the golf tournament)) You never know what to wait from such kind of events. They can meet there very influental people in the sphere. Going to keep an eye on the 28th, it's going to be a big day. Launching for trade on Coss and the Berlin conference. That day will really be special for bittwatt and i hope it works out as a day to remember for the team on all positive fronts. lucky who owns them tokens. I guess we will be looking at a great performance with those two events taking place. I am also assuming there will several partnership deals during the conference. |
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I'm still wondering if an RFID chip will be built into each package for tracking. How expensive is such a chip, is it really profitable? Or will we pay extra for it?
if it's anything like Amazon, it'll be built into the transport rather than each package. Like the shipping container or delivery truck. It will come with shipping. If you pay for shipping then you have paid for the sensor. What I don't know is the overhead as it affects vanig Based on my understanding there are basically two approaches to this. One is that each milestone during the package's journey would supply the input. The second approach is through a chip in the package that constantly send the data to the server upon connection. Basically syncs with the server. |
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Oh nice they've said that already? Seems to be a horrible trend lately of ICO's announcing KYC after the campaign finishes, knowing they won't have to pay a large percentage of people who don't want to do KYC.
Yeah if you log in to the CryptoOcean ICO platform they are asking for KYC documents already, which is great. I do not understand why so many projects wait until after the ICO has ended to carry out their due diligence, because in effect they are allowing some people that might not have the proper documents to invest when in the end they just get refunded or potentially lose out. Another problem with asking the KYC documents after the sale is that the token distribution (and in the following the exchange listing) gets further delayed until all who invested passed the KYC. Better to do this before the sale. Yeah like you said it can take months for ICO projects to get their compliance finalized. For me that's way too long, I personally do not want to be waiting more than 2 weeks after the token sale has ended before getting my tokens. It seems they planned this out properly. I couldn't agree more on the delay after the ICO just to get by the KYC process which may be months; like a recent ICO I was in. Two months later and it is still ongoing. ` |
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I just logged in 4New website and just check if I am investing 1 ETH here then how much I'll get with bonus. Calculation is below: Coin Price 2 USD
1 ETH = 298.54 KWATT
5% Bonus =14.92 KWATT
Total Coins = 313.467000 KWATTThis is not ends here. REFER A FRIEND & EARN 30% ON KWATTS PURCHASEDAfter your purchase you will get 30% on your referral purchase. It’s still a damn solid deal at this late in the game I’m surprised they even offered a bonus at this point but I guess every ico needs a little bit of bonus at each stage to insure investors of a wise buy. Hopefully we see a good final rally before listings start They have put a really good set of announcements and I think the last one of their talks with Puerto Rico is really big if it this gets through; We are talking governments would be engaging with 4NEW. Can't wait to see what the talks resulted in. |
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How much is the 500000 BTW worth in USD? I can calculate with the current market prices in that exchange, but I'm asking about the ICO prices. I mean, is it equivalent to having bought how many USD work of tokens?
ICO price was $0.12 so if you intend purchasing 500,000 BTW that should be $60,000. I don't know the current market price as they recently got listed on Coss, however i expect the price to be higher than ICO price hopefully given their proposed features and recent partnerships. Wow that's a substantial giveaway.. Have they said what the rules are yet? IE is it the top 10 traders or something? Yeah its massive on the blog post it says normal COSS promo rules apply, I had a look into it and found this article from COSS director Rune Evensven: https://medium.com/@runeevensen/coss-io-update-february-22nd-2018-1aaab141bb2fRewards are split between the 50 top volume traders of BWT tokens on the COSS exchange. I also found out the listing price is $20,000 for direct listing of ERC20 token and $30,000 for a Separate chain token, which is very interesting! That's not too bad considering some of them charge upto $1million now.. I'm going to assume that because of the link between Coss and Bittwatt, they didn't have to pay that fee though haha One would think so.. or hosting the token sale might have been an additional cost for BittWatt. This isn't a normal procedure so I couldn't find any guidelines on prices for this service. They charge $5,000 in fees for the trading competition, and Bittwatt needs to donate the tokens for the prize. But I think that is quite a large sum for a small exchange; But your point stands given to even start the sale you need a contract and an audit let aside the aftermath and the KYC step. |
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True, i can attest to this. Their social media outlets are always buzzing with activities, whenever i come across a project their social media presence is among the factors i consider before investing. I'm impressed with Vanig team and i feel comfortable investing in this project.
On the subject of Buzzing, I cannot wait to see the MVP, it should be either this week or next from what i've heard.. If it looks as good as the screenshot they posted on Medium, it's going to be a fantastic platform. Me too after speaking to Brett on the Vanig telegram channel I can't wait to see all the special features that will be released. Development team are working extremely hard to get a public version ready as soon as possible without missing out on quality. Yeah, id rather that they delayed it a little to get a decent build out for us, but I can't help but be impatient haha Vanig are going to be releasing some more news about the MVP today on their telegram announcement channel, if you haven't already join here: t.me/vanigplatformnews If I am not mistaken the tracking bit would be applying based on the type of product. There are product where tracking would be at different endpoints of its journey and other products have sensors in their packaging so data would flow during the full trip.
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining Yea, mining does sound scary to me but from the comments going on here, is clear that bitfence have simplified the process and eradicate any need for sophisticated equipment or machinery, so is a welcome development and i'm pretty sure a lot of individuals will like to identify with this project, simplicity matters a lot in a project Their approach is meant to make the process very light and simple. I understand given the mining in Ethereum or Bitcoin is quite demanding and costly; they are set to do it differently. Plus if you mine you are rewarded  |
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have you already seen who is in the Superbloom team as an advisor? Guy & Galia Benartzi, co-founders of Bancor
So much better advisors you can not choose :-)
Wow, I am glad to hear that. I know that Bancor. It's very successful project. And now those people are working here as a adviser. Thats a good one. When did this get announced? Or is it old news? I remember it seeing this news already as well as new information. Nevertheless, Superbloom is definitely glowing a lot. They already updated on their web-page. Two members are from bancor and one more member you forgotten to mention. Jed McCaleb Founder and CTO of Stellar; previously co-founded and served as CTO of Ripple. https://www.superbloom.com/teamThat is a real boost for Superbloom. Does this mean that given Bancor they will be listing on there? I think the addition is amazing being able to get those on-board. |
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very interesting, Cryptocean has 3 cap levels: lightcap: 3mio, softcap: 5mio, hardcap: 10mio
and as I'm seeing, there's a long pause between public-pre-ico and main-ico (15.6. - 1.9.). do you think that in the summer fewer people would participate in an ICO? Fall is sure to be a good time for a public sale
I think the staged approach is to prep for the next stage. You will need to spend considerable amount on marketing and to actually reach more people until you hit the hardcap. It is also easier for the team to raise the 10 mil in stages rather than a single sale. However in the whitepaper (page 30) it is mentioned that there are three stages to the sale: the private pre-ico which is done. public pre-ico and the main ico. where did you see the lightcap? maybe it is the private pre-ico |
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Good promo on Coss, even though they are a small exchange they are very supportive of the projects when they are listed, makes it worthwhile. Does anyone know if Bittwatt paid Coss for listing or if the exchange approached them with an offer? This is an interesting question and I wonder the same too, the process in having a listing at Coss, whether its paid or a deal is made differently I think it is paid; I know Coss charges for listing in the exchange. On the other hand this is also beneficial for Coss given the ICO is exclusively starting in Coss at least for now. |
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Yesterday the team member of Vanig Brett was in telegram channel for sometime and answering some of the questions from the telegram members. I think team should do this kind of interactions frequently to address lots of questions that are coming up about the project.
Heard about that but unfortunately, I wasn't online at that time. I hope they will repeat something like this in the future. The bigger the community grows, the more new questions could pop up. The same here unfortunately I wanted to ask the VP directly. There was a long history of chats wasn't able to go through all. I think their next move should be a live AMA on a youtube live or the likes. |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining BitFence mining system is totally different from the once I've encountered. It basically doesn't need much from you, all you've got to do is to join Bitfence network with your honeypot in place and once a hacker comes knocking you share this threat and you're done. I think that is one their core proposition being able to mine using commodity hardware; you don't really need to have a said GPU or processing power you can just get an off the self PI and install the miner in there. |
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