From my findings, there is 50% going into advertising. Could that mean that the team will also be willing to pay to be listed on any major exchanges?
I am not planning to sell though, just asking.
Same info I was reading on website. I found this statement there. " $12,000,000 will be used for an aggressive advertising campaign." So yes per this statement they are going to use for marketing/advertising purpose. i believe they have calculated this amount just in case they reach the hardcap. And there it is even further away So they will spend less on advertising We never observed yet, how they are going to use that amount. But I also checked website and found interesting info there. $1,000,000 will be used to update their platform and create a mobile application.
$4,000,000 will be used for a marketing campaign.
$12,000,000 will be used for advertising campaign.
$5,000,000 will be added to the existing bank - operational money for wins and loses.
& $2,000,000 will serve as legal agreements in different countries.I like the fact the team has already structured out a plan on how they are going to allocate their funds. I think it's a well thought out plan it's good they faction out $12,000,000 for advertising campaign to enable them reach more investors. Wow, that's a substantial budget for advertising.. They are going to be pushing it hard for the World cup by the looks then.. |
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Interesting, so reading this from the whitepaper:
'There is no market for smart-consumers (B2C) from where they can a) transact unused energy supplies'
Does that mean for instance if someone had a bunch of solar panels, they could use the Bitwatt platform to sell the electric generated by them?
I read in the white paper that they also turn to prosumers. Definition of prosumer: active energy consumers, who both consume and produce electricity so i think that you can sell your generated energy on the bittwatt-platform Yeah, that's interesting, i've seen a few projects like this recently, but Bitwatt seems to be doing the best, concidering it's very close to it's hardcap at the moment also. |
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Can we already buy the router? as it seems nice to have one and test how it goes or are there any reviews about the router from people who already have it? I maybe wrong though but I don't think the hardwares spoken of in this project are on sale yet. I think it is a proposed future hardware I don't think the software is completed either, that's what the ICO is for to fund it to my knowledge. I have several Pi appliances laying around already, so im going to be downloading the honeypot to a couple SD cards to test when it's available. |
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What will be more profitable-to sell tokens on the exchange later, or to receive income once a year? Will there be a big income?
Of course, it is much more profitable to leave tokens for passive income. That's the beauty of the project. And those who sell tokens-the market is falling off very much I will stand with you on this too. The annual income looks more attractive. You can hold for a long while but the truth is, you still have to sell at a point though. Why? If the platform will work effectively for 10 years or more. Why sell? That's for you though. Each and everyone of us will have to still our holdings at one point or the other. Though the length of holding may vary per individual. I will keep coins in my wallet in the hope of getting more and more every year. That's why I invested. I hope that the coin will pay back investments at the end of the year, and next year I will get a net profit. That's cool. That's really nice though. With more people like you holding tokens, token price can easily experince more growth as there will be more demands than supply. Yeah one isn't going to give everyone massive profits from dividends, It's going to be the year they work on building their user base, and pushing it with marketing, I can see there being 100-200k users by the end of the year, but i think it'll be year 2-3 onwards that they hit the big numbers, that's when we'll start to see the dividends increase. For year one, I think we'll see about $0.04-0.09 per token in dividends (100k-200k users) |
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I wanted to ask if you build these power plants yourself or if they already exist, but then I have already found the answer in the whitepaper. Is such a power plant really built so fast that you can start this year?
They have just bought two fully working power plants that are producing 10MW of energy already. You can see a drone tour here: https://www.youtube.com/watch?v=qi9i3gwPK5U&t=4sand a ground tour here: https://www.youtube.com/watch?v=b7RdYIdpugA |
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i hope bounty guys ain't dumping on this, 4new is already having a good start already and dumping below ICO ain't smart move, in fact smart ones will bag more Kwatt coin
It is even a stupider time to dump when you see the progress they have made on the power plants and the fact we’re talking about a passive income based token selling off and selling off at a low value seems to just be idiotic to me Anyone who is stupid enough to dump when they've just announced the two power plants, and the mining setups going live in june/july are very silly right now. |
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Nice, I missed this so thanks for the link, gotta love free tokens, especially if they are carrying energy |
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a very good summary, thanks for the link. For newbies in this thread certainly a great help, but also very interesting for me. So I always learn something new, which I have read over before Thanks for the article, it's a great introduction and overview of the project i've clapped it for you!  |
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Guess what is happening here? Mining threats already! Dont worry, we are not pre-mining, its a testnet, getting our pool ready   hey, that looks good. will there be a demo version we can all test? Would be very interested what will be better for mining, GPU or CPU? Is it possible that we can also mine with out phones and not killing the battery life and processor? when are they going to launch the full version? I really doubt this is a sensible / doable option. This is why they said yyou can run it on a raspberry pi, it's essentially the same size as a mobile phone but more powerful and can run 24/7. Before sometime I was read one article about mining. In that article they clearly mentioned "Mining on phone can damage CPU and battery of". So I don't think so it will work on phone. The idea of damaging cpu or battery is a farse it depends what kind of mining or calculations it’s doing playing a game on a phone uses just as much processing power as mining would m. Not saying it’s cost effective but it’s possible isn't the mining ONLY through the honeypot? I don't remember seeing anything about conventional mining as well, otherwise what is the point in running the honeypot? |
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It looks like the Gifcoin marketing team have been working hard on getting some new articles out in the media, earlier someone mentioned an Arabic article and now there is a Turkish one on KriptoParahaber, check it out: https://kriptoparahaber.com/gifcoin-ico-yapiyor.htmla very good news but if we see the ico runs it seems not good, since the end of ico is coming but the increase is not significant i think they have to manually update the progress, it's been on 63m left for a while now, so i expect we'll see an update to it tomorrow, or sometime during the week! Me too think the same. Thats why progress bar is getting updates once in 2 or 3 days. Lets see where we are at the next update. ICO closure still more than 2 weeks away. So no worries at all. Also they have reached softcap already. Yeah that's the main thing, the project is going to go ahead no matter what now!  |
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Interesting, so reading this from the whitepaper:
'There is no market for smart-consumers (B2C) from where they can a) transact unused energy supplies'
Does that mean for instance if someone had a bunch of solar panels, they could use the Bitwatt platform to sell the electric generated by them?
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I just looked at the roadmap, after starting the pilot project in the Philippines & Malaysia, it's off in Vietnam, Singapore and Hong Kong. Unfortunately, it will take until 2024 before Vanig will be available in Europe and the US. That is still a very long wait for us
For me this is not a big issue. Project should start somewhere and move ahead to other places and continents. If they are starting in Asia, which is also a very big market to capture. Agreed; you can hit all market at once. There is fierce competition around US and europe and starting there would mean delaying Asia market. If the idea is proves to properly work it will scale with ease to other regions. Plus there are many suppliers around those areas so it just makes sense as a business decision. I agreed too, that hitting the asian market first is the best decission. This market is the fastest growing market and if vanig platform get a chance to implement a their product here, then the way to the other countries is much easier. Yes, the Asian market is a good place to start. And I don't see it that bad that they won't enter the European market before 2024. Sure, it's a long time but it's just an estimation. Who knows, maybe they can adjust their roadmap if the start in Asia works better than expected. I missed that in the Whitepaper, that's quite a wait, bit if it means when it launches here it'll be a fully working and polished platform, it could be a good thing. |
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BITFENCE certainly very helpful for its users hopefully this BITFENCE project gets full support from the investors
The project looks very promising already with great ideas that will be accomplished, I'm very positive the team are doing their best to ensure the project gets full support from investors. Thats right, the Bitfence Team will help companies to secure their business and also secure every private person who use their hard- and software. I’m excited to see the first release of software I’m hoping they release in a way that will allow for other parties to integrate and tie into things like openwrt that would take the availability of the platform to a very large level Yeah, im interested to see how it's going to run on Pi hardware, hopefully it'll run on the Zero model, that would be a ultra low cost solution then. |
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It looks like the Gifcoin marketing team have been working hard on getting some new articles out in the media, earlier someone mentioned an Arabic article and now there is a Turkish one on KriptoParahaber, check it out: https://kriptoparahaber.com/gifcoin-ico-yapiyor.htmla very good news but if we see the ico runs it seems not good, since the end of ico is coming but the increase is not significant i think they have to manually update the progress, it's been on 63m left for a while now, so i expect we'll see an update to it tomorrow, or sometime during the week! |
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I see you raised 1,441 ETH in pre-sale very impressive, heard lots of good things about this project, i'm currently reading your whitepaper seems interesting so far.
Wow, that's considerably more than most ICO's i've seen lately, great job guys! High-speed, energy efficient blockchains I think is going to be the next step, it simply isn't sustainable for the amount of electric that BTC uses for it to me used in mass adoption. 1300 transactions a second is very impressive if they achieve it. |
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I saw in Telegram that they are going to be implementing IoT sensors into the supply chain which consumers will have access to the data for, pretty cool.
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There will be two sources of revenue for BitFence. The first is the different levels of subscription service. The second is with BitFence hardware sales.
What about the token sale is it going to be part of their revenue generation or are the two you listed going to be how they will generate revenue after they have fully implemented the project. The token sale is going to be used to fund the project, completing the software and making the routers not revenue generation directly. |
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