the team would be have the responsibility of maintaining and replacing the mining facility and deciding what token would be more profitable to mine. Token holders don’t need to do that themselves, you just earn a passive income.
One unique shortcoming of projects such as this is the sudden incommunicado that follows shortly after sales What is the plan of the team in the case they do not achieve their target afterward?? |
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I received the email of Minedblock expanding their token sales offering to be bought by quite a long range of crypto like ETH BNB BTc etc
As against the use of only Poly which I worried would have limited the sales
Thankfully the team listened
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I find that 2018 and 2019 is just heavily moving away from the open public ico's and seems to have a huge shift toward institutional and private sales which i think is good for the project but really does shrink the chances for the small guys getting into big projects at good rates early
The exchange is am open place where anyone could get tokens however it could go for even higher value compared to what is obtained during the ICO phase. I'm up for whatever brings in the much needed success to the project |
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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. 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 |
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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. I hope it is correctly budgeted for??, I mean the cost of filling and sec regulations cos I am concerned about the fact that the money meant for project development would be used to do this registration even though they are quite important and necessary to do This would come once we are up and running from our development/expansion share of the revenue generated. We wouldn't expect investors to fund something that may or may not get approved. Yeah I think that's the best decision to take besides I really do not feel comfortable with paying to get registered I mean it should be free since the project is to be verified... In the case of non approval what's the team next line of action? An option B in place? |
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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. Power consumption is more of a problem tbh. That is why the more higher the price of the mined coin the better the returns. As for the computing power I think that could always be sufficed but electricity remains. According to the information contained in the whitepaper, they aim to use green energy to run the mining operation an area I am not exactly clear on, I like to know the exact green energy option they aim at exploring?? |
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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. I hope it is correctly budgeted for??, I mean the cost of filling and sec regulations cos I am concerned about the fact that the money meant for project development would be used to do this registration even though they are quite important and necessary to do |
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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'd rather leave this area to be cleared by the Sec themselves, I've started couple of enquiries to that already on Twitter, my opinion is if projects are allowed to paid for verification I think it defeats some neutrality of the SEC body howbeit I'd love to confirm this claim |
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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 tried mining once, cloud mining and even faucet mining, I didn't get much cryptos, went on to a further research and noticed that I would fry my CPU if I continue, I guess the CPU of my system determines the computing power right? |
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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 |
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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  |
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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. |
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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 |
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So their token won't be an ERC-20 one but an ERC-1404? Is this correct? I never heard of this before but it looks like this is the standard for security tokens? Can someone list the main differences between both ERC-20 and ERC-1404?
Our token will actually be an ST20 token issued using Polymath's network. Polymath have had a big input on how the ERC-1400 Security Token standards have been defined and the ST20 token will be upgraded to include any new standard features as and when they become the standard. It all runs on the Ethereum network with standard wallets that can support ERC-20 tokens I heard of Polymath. It's good that you using such a security token issuing platform. But am I correct that the ST20 tokens are still tokens on the Ethereum network or are they on a separate blockchain? Yes the tokens are still on the Ethereum blockchain, Polymath were of the view that there is no need to re-invent the wheel when there is a perfectly capable platform that they can use. They plan, I believe, to add other platforms in the future The difference is in how the token works, security laws say we need to know who holds ourntokens so the tokens will only be transferable between registered wallets for example. The ST20 builds all of these features into the token contract 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?? |
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CRyptocurrency Mining is a huge industry. Combining that with a much larger market for computing power would be much more tasking. How does the team plan to take on the task?
I believe the team are aware of the intensity of the task involved and are putting up structures to ensure the project is successful. The whitepaper has some information about the structural issues which the developers intends to execute. This is certainly a huge project. This would require a much larger team, fund and experience. BTW what experience does Neuroneum team have in cloud computing? Sure, a bigger team could be good but they shouldn't make the same mistakes as a lot of other projects did and blow up their team-structure too much at the beginning. Because during this bear market a lot of projects, like Steemit, had to fire most of their employees. I didn't follow up on the Steemit firing workers story but I find wisdom in what you've written up here, I have gone through their team structure and found that they currently maybe running with the right type of team and the right amount as well, I personally do not see the need for an additional number |
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CRyptocurrency Mining is a huge industry. Combining that with a much larger market for computing power would be much more tasking. How does the team plan to take on the task?
I believe the team are aware of the intensity of the task involved and are putting up structures to ensure the project is successful. The whitepaper has some information about the structural issues which the developers intends to execute. This is certainly a huge project. This would require a much larger team, fund and experience. BTW what experience does Neuroneum team have in cloud computing? Check out Neuroneum.io under the "Team" section, you will find the various members of the team are well established and vast men of reputation in the blockchain today, I could see George Kimionis CEO Coinomi wallet as part of the team, the link for each member is in the website as well for further checks. |
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Why not factor the cost of KYC into the token rather than having investors pay for KYC? I know the FAQ says you are factoring KYC cost into discounts, but 50% discount is not unheard of in the industry. Paying for KYC just takes the loathsomeness of getting KYCed to a whole new level
I am an investor in Buying Project and recently in getting KYCed which is required by SEC we paid a non-refundable fee of $1, so paying for verification purposes is commonplace but then again MIneblock have assured to payback your money in the token which is a good deal to me |
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Very nice to see another STO. In my opinion, security tokens are the future. There were just too many scam-ICOs around so I can totally understand that people now are looking for projects that are fully registered with the SEC.
I cannot object your comment. All the token offereings will go under STO soon and SEC will make sure that the scammers are out of this ICO world very soon. Do I have a confidence in the fact that STO will do way better than ICO? Slightly I guess I still think Scam ventures will still try to get into STO with all of the strength the SEC, I think a lot of job needs to be done to bring in sanity into the system |
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Can you show us the physical data center that you are referring to, how much physical data center you have prepared because it requires a lot of funds and most importantly how you will manage the energy used considering current issues related to global warming that threaten the earth
They did not establish that yet (as far as my knowledge is extended) hence the sale; As for the energy I think they mentioned they got some deals from various providers and don't forget alternative energy options. Rightly put as regards the physical data center, one of the primary purpose of the token sale is to set up a Data center and last I checked sales been trickling in bit by bit, I think most energy consuming projects are shifting towards alternative source of energy as using the national grid is not profitable |
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I'm yet to get any substantial information regarding the teams activities as pertaining to blockchain conferences and meetings. I believe that informations regarding the teams involvement in blockchain activities should be communicated to the community.
I agree with you regarding the communication of the teams performance with the community. Communication brings about trust and confidence on the team, which is very important for the project performance. I know that a lot of people are waiting of the next big project, the next 100x that would make them rich. Well, we are in a bear market and it would take a good project much more promotions to gain attention. I think the bear is almost gone and even rounding up, ETH have been able to stay above $120 for the past 24hrs. I bet most people haven't check out Neuroneum.io website to see for themselves the benefit of taking part in the ICO... BTT did ICO in Binance lab and went above 600% from its initial price.. That's massive |
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