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With all the current knowledge that we have about STO, I think this article gives a clearer and more in depth insight. But the question still remains, will STO really present the final solution to Cryptocurrency fundraising? https://elitemininginc.com/2020/04/what-is-an-sto In this market, activities that make a lot of money are the trend. I realize that STO is no longer a hope. all are just meaningless safety for investors. provisions protecting investors is there but again showed that they have no right to decide on the project. I see Binance IEO as one of the trends now. it guarantees profit for investors and at the same time guarantees benefits for them. If you have the money, you should join IEO at Binance, do not invest in any other projects. I think this is the problem, 'the market' shouldnt be the cryptocurrency market, for STOs 'the market' should be the regular equities investors. Talking about a real STO, this would entail that investors invest in equity (in other words stocks) that are tokenized, so it would be similar to investing in any other start-up or company that has an equity offering. The problem with the crypto market is that there have been too many companies that tried to get rich quick and abused the system which means there is a general distrust at the moment. |
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That link is actually a link to a blog post article trying to inform people about STOs and what you mentioned regulations around STOs, its not an advertisement. Exactly for the reason you just mentioned, that STOs and investing in general can be dangerous, it is important to get more information about STOs and regulation, which that article tries to give you. On your point on what an STO is, I disagree, projects could call themselves an STO but in most cases that would not be true, there is a difference between claiming to be an STO and being an actually STO. Therefore having the information to discern what is all required to be an STO, regulations, company and financial registrations, country specific rules like accreditation is very helpful. A project cant just create a token and be an STO, they will have to follow actual rules like with an IPO or any equity offering. So it would be very helpful for someone who isn't aware of those rules to read an article like that to gain more information what they need to look out for to check whether or not a project claiming to be an STO is actually offering securities and following applicable rules and regulations. I understand your frustration around all of this, due to the history of ICOs and blockchain projects, that is why information is important! Couldn't agree with you more, you made some valuable points there about sto that anyone with less knowledge of it should find useful and research on, it is actually not enough for a project to just call themselves an sto project, they have to follow all required procedures to be consider as one, out of the many project presenting themselves as sto, only a handful (if at all there is any) are actually an sto project. Thank you for your support on this matter! I used to think myself (1-2 years ago when I first found out about STOs) that any project offering a part of their profit to be distributed to token holders was immediately a security, problem is, it legally should have been a security but a lot of those projects didnt follow proper protocol. To be fair there wasnt a lot of regulations around crypto at the time so it was a bit of a grey area and as long as the company actually did what they promised there wasnt much harm but still especially now its important that companies that are an STO follow proper protocol so investors are at least a bit more protected. |
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Rather than wasting everybody's time by spreading your trash website, here's a shorter explanation on what an STO is for everybody.
An STO, or security token offering, is the latest way for half-baked blockchain projects to extract money from unwitting idiots that think absolutely every cryptocurrency will pump or appreciate at some point. Most of these are formed by companies or individuals with little to no experience developing products, and few will achieve the heights they aspire to.
Odds are if you invest in an STO you will get rekt, just as the case is with ICO and IEO investments nowadays.
There is a reason only accredited investors can invest in IPOs in most countries!
That link is actually a link to a blog post article trying to inform people about STOs and what you mentioned regulations around STOs, its not an advertisement. Exactly for the reason you just mentioned, that STOs and investing in general can be dangerous, it is important to get more information about STOs and regulation, which that article tries to give you. On your point on what an STO is, I disagree, projects could call themselves an STO but in most cases that would not be true, there is a difference between claiming to be an STO and being an actually STO. Therefore having the information to discern what is all required to be an STO, regulations, company and financial registrations, country specific rules like accreditation is very helpful. A project cant just create a token and be an STO, they will have to follow actual rules like with an IPO or any equity offering. So it would be very helpful for someone who isn't aware of those rules to read an article like that to gain more information what they need to look out for to check whether or not a project claiming to be an STO is actually offering securities and following applicable rules and regulations. I understand your frustration around all of this, due to the history of ICOs and blockchain projects, that is why information is important! |
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So can I get some sto points instead of a gift
The prizes that are available are shown on the giveaway page Yes noted just will also like to get involved in the STO Currently there are pledge forms on the website to participate in the STO  |
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So can I get some sto points instead of a gift
The prizes that are available are shown on the giveaway page |
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how do we participate on this project because i not seeing were to fill the Google form...
please explain your processes clear in this thread so we can know how it works also do we submit our eth address here on this thread?
Do you mean join the giveaway or the project itself? |
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Anyone can participate on this? No restrictions?
Yes as long as you are 18 or older! |
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Elite Mining Inc Community Competition Rules:Elite Mining Inc is hosting a giveaway competition on gleam with several tasks for people to earn entries. Every entry gives you a higher chance to win a prize from a pool of several prizes. The tasks to earn more entries are mainly social media focussed (twitter, facebook, linkdin and telegram). An overview of all the tasks and the amount of entries they are worth can be found on the giveaway page link. https://gleam.io/nwY9E/emi-mining-community-giveawayPrizes:- Zcash
- ZEN
- Mining Hardware
- Swag
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EMI or Elite Mining IncIs a Washington State (US) based cryptocurrency mining company, focussing on clean and green mining, sustainability, highest profit margins and low energy costs! To learn more about Elite Mining Inc, what we do and mine, check our website: https://elitemininginc.com/
Elite Mining Inc is happy to officially announce its Security Token Offering (STO) that will begin on the 30th of April 2019. EMI tokens will be offered in a private placement under Reg D 506 (c) to accredited U.S. investors and under Reg S to non-US investors.
Learn more here: https://elitemininginc.com/2019/02/announcing-series-a-investment-round-stoIf you have any questions or just want to chat with us, join our telegram group: https://t.me/EliteMiningInc
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Do you think ETH will rise faster than BTC or BCH in the next few months?
Manipulators always pump a popular coin that has an incoming hardfork, bch was a week ago, so forget bch, bitcoin forget, watch for eth. Do we have a timeline for the ETH fork? |
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Basically if you already own the gear and have free or cheap electricity, then go ahead and get back into mining.
If you don't have the GPUs and your electricity is greater than 10 cents a KwH then you should hold off for now and see where the future takes us. You should also take into account the next Ethereum fork upgrade which will reduce the issuance to 2 ETH per block from 3 ETH per block, so there is another mining profit reduction right there.
Even power at 10 cents is barely breaking even now (btc at $3790 as I type) On WTM if I input 85x 570's @ 10 cents the profit is $0.48 cents per day TOTAL. not per card lol  Also consider that sites like what-to-mine use the most optimistic projections possible, meaning your pool never runs into a bad streak of luck, your miners also never get into a slump for guessing shares, none of you rigs goes off for more than a minute, and on and on. Highly unrealistic and is usually estimating your income to be about 2-3% higher than it will be over the long term. In any case, with an estimated profit at roughly 0.5 cents per GPU, it is not even worth considering. Even at 8 cent power with the unknowns and unseen overheads factored in, it is still a wash. People with 6 cent power may be desperately clinging to low profits, but in all cases except for the free power grabbers, I think most miners are now mining at a loss or in the best case barely breakeven conditions. Yea that is a very good point, most of the websites wont show the actual profit you ll be making. Since a lot of those coins are smaller coins so there is efficiency drop-off and also likely a small drop-off at the pool you might be using, not to speak about any fees. Of course mining 'bigger' coins provides more stability but maybe not 'maximum' mining profit |
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The thing is though, a lot of people would say something like better buy the coins instead of mining them if you believe value will increase in the future. But if you already have the hardware and not a lot of cash laying around it might be a good idea to just mine the coins to hodl
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The thing about GPU mining is that it offers more options.
Short answer: yes ASICS mine better.
Long answer: an ASICS miner apart from mining is useless which means if for what ever reason you want to sell the hardware, selling your mining hardware will be hard if the market isnt going up. While a GPU you can still sell in a bearish market since its used in computers. Additionally, many GPUs support different algo's whereas a specific ASIC miner can only mine specific algo's. This again means that should something happen that you want to mine something else you can do this more easily using GPU (depends on the GPU as well so do your research).
And low prices can also be an opportunity, it means that hardware is likely also cheaper to buy.
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Can I ask a question here?
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I don't think that such projects have chances in ICOs at the moment. You shouldn't hope for any donations...
Oh why is that? Why do you think that, I would love to get some tokens somehow. Seems like a very interesting project |
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+1 would definitly be interested in that  would love to get some tokena! |
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Counterfeit tickets does that actually happen? Thats pretty bad..
Thank you for the medium article, will definitly read it!
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Keep in mind sometimes tokens are also locked, but if not yea use some decentralized exchange or wait for big listings. Good luck! |
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Very likely yea, the question is when. It will most likely go back to previous highs soon enough but to actually 'boom' the mainstream adoption still needs to happen. That is reliant on when the regulations are all done, at least in the bigger economies, after which mainstream adoption could potentially start to unfold.
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