We have just published a wrap-up post for the month of may do check it out to know everything that's being going down at vanig! The title should be "What a May We Had!" ... Slight grammatical error on the title but the rest of the article was a good read, I like how Vanig really take their communications seriously and they want to make sure their investors are kept updated on all developments. Can't wait for the MVP release!! It would interesting to get the feedback their partners gave on the current version of the system. I was informed that there are early members checking it out. Any feedback on that experience as of yet? |
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Bitfence are really doing great in the aspect if writing articles that explains why they are doing what they are doing. This article for example just taught me the importance of a.i in detecting and preventing attacks. Nice one again from Bitfence. BTW is an mvp out or any plans for it to be released any time soon? I have seen the images of the hardware planned in twitter. I think the software is the more important bit and if any plans to see an mvp of it? There's a testnet with the stingminer running on it currently, im not sure if it's public yet. I wasn't aware of that. Who is using the stingminer on the testnet any idea? I know you said you are not sure if it is for the public, any idea who is currently testing it or it just in-house? |
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very interesting interview. I have not looked at everything yet, but I have noticed something important, if I understand him correctly, about 145mio tokens are to be burned, which is almost half of all tokens. and because of that they plan to increase the value of the tokens when listing $ 2 to approximately $ 4. That would be amazing! Can someone confirm that, did I understand that correctly? The token to be utilizing when burning takes place would be compliant with the energy produced. From what you are saying (I did not get to see the live steam yet tbh) burning is guaranteed to take place now right? I mean they raised 42 mil and the hard cap is at 72 mil. |
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Speaking of dumping: When a new project is added to the platform and holders will get tokens as rewards based on the amount of SEED they hold. What stops people from buying more SEED just before the distribution and then dumping the coins right after the free tokens are distributed? Do they have a solution for this?
We can assume that the SEED Tokens will become more and more expensive over time and probably not worth doing. You have to own a lot of SEED, so that the participation pays off The more SEED you own the better the reward. I am not sure how the volatility is addressed but as more successful project go through the platform the likely the holders will grow and there is a limited supply of tokens so that would surely mean higher price per SEED. It's nice to know SEED will naturally rise in value because of the limited supply of tokens meaning a higher demand over a period of time Yes this is indeed good incentivizing mechanism to hold SEED, which is beneficial for the token holders im pretty sure I read that they would be burning the SEED they got for transaction fees and listing as well. Ofcourse they will list the SEED after the ICO. And you are right, they will burn the SEEDs that they get it from commissions which will eventually reduce the supply of SEEDs inturb increase the price in exchanges. The concept of burning is quite cool and welcome, it will sure raise the value of token although i don't bother much about the value increasing over time due to it's utility but i don't seem to understand the "commissions" part... how do they intend to get commissions I am not clear on that part as well; which part will be burnt? I was under the impression if any token burning would take place it would be the unsold tokens. But what is the commission in this case? |
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I just visited on telegram channel and found few people are talking there about listing on exchange. They said Bittwatt will list on 28th May. How is it possible? This is true news or some rumer?
Why not? ICO is ending on 27th May. It's already selected cross exchange. So listing on 28th may is possible. That is quite a rapid post-ico listing, hope there will be listing on more exchanges, good work bittwatt I personally don't think it will be listed that quickly considering you have to remember token distribution, but I will be very happy and impressed if Bittwatt manage to do it in such short time frame Well there is always a first time, we shouldn't be surprised if they are listed. Bittwatt have really made giant strides these past days so it possible I think the only thing that may delay listing is the KYC process. I am not sure where is that in the pipeline. I can see that COSS has a KYC in place I have not invested through it yet tbh but I signed up and it seems that KYC is only for fiat? |
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Just few days to go for the start of pre-sales of Vanig. What you guys think about it? What would be your guess for the first day investments? Its like a guess game.
it will not be easy to predict, after all, it is the first Blockchain-based e-commerce system. I think they will reach the softcap very fast, probably after 2 days It's really hard to predict. Vanig has everything that a project needs for a successful ICO. The only thing that is not optimal right now, is the current situation market situation of the crypto markets in general. I just hope BTC won't drop further below 8k. Do you think that the current market situation can slow down the sale? as people will panic and sell even if it is totally not a good idea to do that. I think this should not stop the sale given the market has been volatile for some time now. It is going to be a tough ride but generally if they focus on the product and let out the mvp and aim to get it operational that would attract good attention. |
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Bitfence are really doing great in the aspect if writing articles that explains why they are doing what they are doing. This article for example just taught me the importance of a.i in detecting and preventing attacks. Nice one again from Bitfence. BTW is an mvp out or any plans for it to be released any time soon? I have seen the images of the hardware planned in twitter. I think the software is the more important bit and if any plans to see an mvp of it? |
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I think the best part of this project mining feature is the plan to spread their mining options into different mining rig, the Asic, antminer etc, I think it's a solid plan to would ensure scalability and profitability I honestly think the mining is a great idea however I think selling to the national grid is even solid since there is always that demand for energy especially when you have various development projects pending. You know there will always be energy to sell to national grid due to the demand for energy from millions across the country. This will be the #1 choice for 4NEW I think Agreed; I am not sure which would yield better returns but it seems the national grid is the one to take the lead. I think we just have to wait and see which would more profitable to token holders. |
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Speaking of dumping: When a new project is added to the platform and holders will get tokens as rewards based on the amount of SEED they hold. What stops people from buying more SEED just before the distribution and then dumping the coins right after the free tokens are distributed? Do they have a solution for this?
The condition based on my understanding is that you need to hold for a year. the distribution is done yearly and not after a given project is finished. In that sense the question is how would you go about volatility. |
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i don't think that Coss as the first exchange uis a surprise to anyone with it being sold on there haha Amazing so as i understood is that you can directly sell or buy NHY Tokens on Coss exchange after the end of ico sale, this is great i do not like it if ico's take a lot of time to hop on an exchange. So it is confirmed the trade will begin with COSS once this ends? This is good for both parties especially for COSS to get some attention. I think if they are exclusive it would be even more interesting. The other cool part is that COSS seems to accept fiat. |
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The MVP sneak peak they put in looks really good, the UI is very clean.  Yea, looks good. Seems to be user-friendly and elegant website, easy and understandable for every person. This really looks good indeed. Love the theme color blue. And judging from the items seen in this photo, one can assume that they will be dealing on all products. This is to make clear a question that was asked few weeks ago about their product nich Yeah I think Vanig are aiming at selling products that are trending with customers worldwide, they are going to be picked by Vanig's expert buyers and they are also going to run an exclusive algorithm to find the most popular products and promote them to maximise profitability. Cool. That's interesting. So they are not jut going to brainstorm on what to sell but instead using an algorithm to pick products for their store. Intriguing Really? An algorithm that can calculate the preferences of customers worldwide? That sounds very interesting. Whether other providers also have such an algorithm? I have talked about this on telegram; It is mostly likely going to happen through a team a professional or product reviewers. So you will have those hand pick the products. I am not sure how automation would take place since most product reviews is based on sentiments. |
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Cool that the project is working towards more partnerships with energy companies. Hope for good news.
Are you talking about companies in Southern Europe? I heard about some partnership negotiations in Romania, Bulgaria, Serbia and Macedonia. What are the news about them for now? I think if I am not mistaken they are in the works of rolling out in Romania and Bulgaria; I am not sure about Macedonia. well they are a romanian startup so I am guessing they have already established something in Romania. |
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"runs with no noise and heat"?? That's strange. Is the stingMiner not made of mechanical parts that undergoes mechanical motion? It will really be interesting to know how mechanical parts work without emitting heat. it is just a RaspberryPi, so there are no mechanical parts. I do not know the exact function of the Raspberry, but the mining will probably need as little power that the Stingminer does not get warm Since the software is to run on the PI I am guessing they monitor ports for all incoming activity and accordingly track what goes in the network. Add to that I think most of the heavy processing is handled by the server and not the PI. |
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The MVP sneak peak they put in looks really good, the UI is very clean. Yea, looks good. Seems to be user-friendly and elegant website, easy and understandable for every person. This really looks good indeed. Love the theme color blue. And judging from the items seen in this photo, one can assume that they will be dealing on all products. This is to make clear a question that was asked few weeks ago about their product nich Yeah I think Vanig are aiming at selling products that are trending with customers worldwide, they are going to be picked by Vanig's expert buyers and they are also going to run an exclusive algorithm to find the most popular products and promote them to maximise profitability. Cool. That's interesting. So they are not jut going to brainstorm on what to sell but instead using an algorithm to pick products for their store. Intriguing Is there a criteria to pick up the items for the store? I mean on what basis are items picked up? I am assuming ability to track to source is one of those criterion? |
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thanks for the link. very informative. Above all, I find it interesting that they take GTX1060 for mining. I thought so far, this graphics card would be too old for that, but apparently very many are convinced that it is excellently suited for mining The 1060 is still the current gen of GPU's. So it's nowhere near too old, it's supposed to be really good bang for buck, although from my understanding the 1070 is better. I am not really into the whole crypto mining topic but isn't ASIC mining more powerful than GPU mining? It is indeed but ASIC mining is also more costly and it is also not upgrade able you need to buy a new ASIC if a new version comes out. That's a major flaw on the side of ASIC, but I really don't know if that of 4NEW have same issue. However I would love them to improve on it if by chance it does. Let them look out for the down side 9f ASIC and improve on them in their version Even the GPUs will be out performed by newer ones. I think though until they are rendered useless they would have made profits from off; Bitcoin might be the trickiest mining option however there are other blockchain technologies that could be mined. |
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Speaking of dumping: When a new project is added to the platform and holders will get tokens as rewards based on the amount of SEED they hold. What stops people from buying more SEED just before the distribution and then dumping the coins right after the free tokens are distributed? Do they have a solution for this?
We can assume that the SEED Tokens will become more and more expensive over time and probably not worth doing. You have to own a lot of SEED, so that the participation pays off The more SEED you own the better the reward. I am not sure how the volatility is addressed but as more successful project go through the platform the likely the holders will grow and there is a limited supply of tokens so that would surely mean higher price per SEED. |
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I think the best part of this project mining feature is the plan to spread their mining options into different mining rig, the Asic, antminer etc, I think it's a solid plan to would ensure scalability and profitability I honestly think the mining is a great idea however I think selling to the national grid is even solid since there is always that demand for energy especially when you have various development projects pending. |
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I just visited on telegram channel and found few people are talking there about listing on exchange. They said Bittwatt will list on 28th May. How is it possible? This is true news or some rumer?
Why not? ICO is ending on 27th May. It's already selected cross exchange. So listing on 28th may is possible. Bittwatt and Coss are in partnership through the Founder and an Advisor. You could also participate directly via coss.io at the Bittwatt ICO. The next step, of course, is the listing on the Coss.io Exchange, which should take place right after the ICO Do you mean to say it will be list on coss.io exchange immediately once ICO ends? But what about investors? I mean they are recieving token in their wallet immediately after investment? I thought they will distribute tokens once they raised total fund. I believe everything will be done accordingly, as it doesn't make sense to jump from one phase to another, that been said, bittwatt will do the needful by distributing the tokens to investors, then comes listing, is not like they've made any official statement that they will use coss.io as their first choice when it comes to listing either but is just a guess by the community I think the coss is somewhat guaranteed exchange listing. If the team can confirm this; they also have successfully finished other phases so I think this means if this is pulled through the coss is a sure listing. I doubt coss would do the sale without the contract. However need to confirm in telegram. |
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Guys, just keep on developing the idea of the project! I have not yet seen a single worthwhile project in this field. All the best. I will follow the news
The only other kind of supply chain project I have seen that is worth mentioning is IBM's research and work on a blockchain based supply chain, it's similar to Vanig in a few ways but obviously IBM is a multi-billion pound company and what they're working on is on a massive scale. See the link: https://www.ibm.com/blockchain/supply-chain/This is by the way not me looking down on Vanig, I think Vanig is a brilliant idea and IBM is a good case study for companies to look at and see how they have branched into blockchain. Like you said and I confirmed IBM is a good case study for companies looking into blockchain technology. But I still think vanig has more to offer in this area. I have lots of hope from Vanig project. If it's successfully implemented then many people start believing in ICOs/startups. Yeah. That's why I really want vanig to be a success because it will enable people to believe in blockchain solution and how it going to better our society. With the patent I think they are in a better position; plus eventually someone would think of the idea the major advantage would be the execution. If Vanig is able to execute this properly there is nothing to worry about; I am looking forwards to checking out the mvp and see how it is going to be. |
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Is there any airdrop available from Bitfence ICO ? I know that there is a bounty available, because there is a thread for that.
Nope and I’m hoping they don’t I rather they maintain a high value by giving away as few tokens as possible I think a limited amount for bounty and a small amount for marketing but for airdrop I find that doesn’t do much for the teams that have airdrops You're right, airdrop is good but has been known to cause more havoc than good because it took them little or nothing to get the tokens and is human nature to take free things for granted, bitfence has been doing well and is best they stay that way rather than open any door for free airdrops at the moment, tokens should be streamlined to be gotten through bounties I prefer bounties over airdrops too, you can get a lot more in a bounty then in an airdrop and a lot of people usually dump their tokens if they have received it from an airdrop. Well, I don't totally agree with this. I feel it's against the general belief that bounty hunter do most of the early dumps in market. I mean just like you said you get more tokens from bounty activities and the more the token you have the greater the value of a coin who's price is $0.001 I think bounty hunters are unlikely to dump if the project is good. Still your argument is valid and it may be a concern. I think what would matter is the team's execution. If the team is able to demonstrate capabilities that would be a real win. |
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