[ANN] ECOBIT : WORLD'S FIRST-EVER GREEN PROJECT ICO (BASED ON NEM BLOCKCHAIN)

[TheTruthIsOutThere]

Dev answer my questions please.

Please take note, we are not crypto fanatics and we are more focus to doing projects and work.


We will try to answer any question that is not in the FAQs and we will try to answer within few hours to maximum of 24 hours. Please be patient.

if you are not crypto fanatics, why are you fund raising on a crypto platform then?

if you are looking to raise funds on here, you should be living and breathing crypto.

just saying....

also CARBON CREDITS are scams especially when it comes to voluntary market carbon credit.

keyword here is : VOLUNTARY



http://www.co2offsetresearch.org/consumer/GoodorBad.html

Yet carbon offsetting is not without its critics. A recent flurry of media reports has criticized the poor quality of carbon offsets projects in both the compliance and the voluntary market. Here are the most often cited criticisms:

Non- additional
Recent research reports have pointed out that a significant number of offsets come from projects that would have been implemented anyway (i. e. they are non-additional). More about additionality.

Lack of Fairness
Critics have also raised concerns over equality and fairness based on the argument that carbon offsetting enables developed nations to perpetuate unsustainable lifestyles by funding carbon projects in developing countries. Some argue that these projects rarely lead to benefits for the host community, and have gone so far as to call the offset market a form of carbon colonialism.

Lack of Transparency
The voluntary offset market in particular has been criticized for its lack of transparency, quality assurance and third-party standards.




http://www.france24.com/en/20160503-france-trial-multi-billion-carbon-emissions-trading-fraud-opens-paris


http://www.rbs.co.uk/corporate/banking/g6/online/common-scams/investment-fraud/carbon-credit-fraud.ashx


https://www.avivainvestors.com/en-gb/adviser/site-information/carbon-credit-scams.html

https://wattsupwiththat.com/2016/09/20/carbon-credit-climate-scam-the-fraud-prosecutions-begin/

http://www.redd-monitor.org/2016/09/02/why-is-vcs-so-reluctant-to-help-stamp-out-carbon-credit-scams/

[1715285511]

1715285511

[1715285511]

1715285511

[EcoBit_Official]

is there a minimum amount that needs to be raised, it seems the first 'goal' is 5000btc for the Carbon Credit/offset?

This is huge amount.  What will happen if you raise only a few hundred BTC and fall short of the first milestone?

in our FAQ , Q32, if we don't meet any of our goal,  then we refund all crypto minus 5% management fees. NO point doing any projects if there isn't any budget for it.

Referring to Q 32, if we achieved 3000 BTC equivalent , then we would have met the milestone to start Aquaponics OR  Spirulina Project, but the Carbon Trading/Offset Project wouldn’t be included inside.

[EcoBit_Official]

Dev answer my questions please.

Please take note, we are not crypto fanatics and we are more focus to doing projects and work.


We will try to answer any question that is not in the FAQs and we will try to answer within few hours to maximum of 24 hours. Please be patient.

if you are not crypto fanatics, why are you fund raising on a crypto platform then?

if you are looking to raise funds on here, you should be living and breathing crypto.

just saying....

You have the right to your own opinion.

also CARBON CREDITS are scams especially when it comes to voluntary market carbon credit.

keyword here is : VOLUNTARY



http://www.co2offsetresearch.org/consumer/GoodorBad.html

Yet carbon offsetting is not without its critics. A recent flurry of media reports has criticized the poor quality of carbon offsets projects in both the compliance and the voluntary market. Here are the most often cited criticisms:

Non- additional
Recent research reports have pointed out that a significant number of offsets come from projects that would have been implemented anyway (i. e. they are non-additional). More about additionality.

Lack of Fairness
Critics have also raised concerns over equality and fairness based on the argument that carbon offsetting enables developed nations to perpetuate unsustainable lifestyles by funding carbon projects in developing countries. Some argue that these projects rarely lead to benefits for the host community, and have gone so far as to call the offset market a form of carbon colonialism.

Lack of Transparency
The voluntary offset market in particular has been criticized for its lack of transparency, quality assurance and third-party standards.




http://www.france24.com/en/20160503-france-trial-multi-billion-carbon-emissions-trading-fraud-opens-paris


http://www.rbs.co.uk/corporate/banking/g6/online/common-scams/investment-fraud/carbon-credit-fraud.ashx


https://www.avivainvestors.com/en-gb/adviser/site-information/carbon-credit-scams.html

https://wattsupwiththat.com/2016/09/20/carbon-credit-climate-scam-the-fraud-prosecutions-begin/

http://www.redd-monitor.org/2016/09/02/why-is-vcs-so-reluctant-to-help-stamp-out-carbon-credit-scams/

Well, there is always two part to the story.

Those are old news , traders trying to sell of carbon credit as premium products , like selling sub-prime. It's the people problem, not the product.

That is the part we are trying to tackle using blockchain to track the carbon credit/offsets into exchanges like this  www.ctxglobal.com

[TheTruthIsOutThere]

Dev answer my questions please.

Please take note, we are not crypto fanatics and we are more focus to doing projects and work.


We will try to answer any question that is not in the FAQs and we will try to answer within few hours to maximum of 24 hours. Please be patient.

if you are not crypto fanatics, why are you fund raising on a crypto platform then?

if you are looking to raise funds on here, you should be living and breathing crypto.

just saying....

You have the right to your own opinion.

also CARBON CREDITS are scams especially when it comes to voluntary market carbon credit.

keyword here is : VOLUNTARY



http://www.co2offsetresearch.org/consumer/GoodorBad.html

Yet carbon offsetting is not without its critics. A recent flurry of media reports has criticized the poor quality of carbon offsets projects in both the compliance and the voluntary market. Here are the most often cited criticisms:

Non- additional
Recent research reports have pointed out that a significant number of offsets come from projects that would have been implemented anyway (i. e. they are non-additional). More about additionality.

Lack of Fairness
Critics have also raised concerns over equality and fairness based on the argument that carbon offsetting enables developed nations to perpetuate unsustainable lifestyles by funding carbon projects in developing countries. Some argue that these projects rarely lead to benefits for the host community, and have gone so far as to call the offset market a form of carbon colonialism.

Lack of Transparency
The voluntary offset market in particular has been criticized for its lack of transparency, quality assurance and third-party standards.




http://www.france24.com/en/20160503-france-trial-multi-billion-carbon-emissions-trading-fraud-opens-paris


http://www.rbs.co.uk/corporate/banking/g6/online/common-scams/investment-fraud/carbon-credit-fraud.ashx


https://www.avivainvestors.com/en-gb/adviser/site-information/carbon-credit-scams.html

https://wattsupwiththat.com/2016/09/20/carbon-credit-climate-scam-the-fraud-prosecutions-begin/

http://www.redd-monitor.org/2016/09/02/why-is-vcs-so-reluctant-to-help-stamp-out-carbon-credit-scams/

Well, there is always two part to the story.

Those are old news , traders trying to sell of carbon credit as premium products , like selling sub-prime. It's the people problem, not the product.

That is the part we are trying to tackle using blockchain to track the carbon credit/offsets into exchanges like this  www.ctxglobal.com

old news you say?

the voluntary carbon credit market is scammy as fuck.

you are involved in a scammy enterprise for which you are looking to raise 5000 BTC

pull the other one.

this is another get rich quick scheme that only benefits  YOU!!

ctxglobal....based in London...

lol

http://www.redd-monitor.org/2016/11/25/scammers-behind-london-carbon-credit-company-jailed/

https://www.fca.org.uk/consumers/carbon-credit-trading


How carbon credit trading works
Investors are usually called out of the blue by salespeople promoting carbon credits, but contact can also come by email, post, word of mouth or at a seminar or exhibition.

You may be offered carbon credit certificates, voluntary emission reductions (VERs), certified emission reductions (CERs) or an opportunity to invest directly in a ’green‘ scheme or project that generates carbon credits as a return on investment.

Carbon credits and VERs certificates are often labelled as ’certified‘, but this certification is voluntary and involves a wide range of bodies and different quality standards that are not recognised by any UK compensation scheme.

The caller may claim carbon credits are ‘the new big thing’ in commodity trading, industries now have to off-set their emissions, the government is focusing on green developments or that it is a growing market.

[McDoxy1]

Only because there have been scams in this industry doesn't mean that Ecobit is one. They are working together with the state government and have to undergo public audits. What makes you say that they are a scam? That is a pretty unfounded accusation if you ask me.

There have been insurance scams as well... doesn't mean that the whole insurance industry is a scam.

[EcoBit_Official]

Dev answer my questions please.

Please take note, we are not crypto fanatics and we are more focus to doing projects and work.


We will try to answer any question that is not in the FAQs and we will try to answer within few hours to maximum of 24 hours. Please be patient.

if you are not crypto fanatics, why are you fund raising on a crypto platform then?

if you are looking to raise funds on here, you should be living and breathing crypto.

just saying....

You have the right to your own opinion.

also CARBON CREDITS are scams especially when it comes to voluntary market carbon credit.

keyword here is : VOLUNTARY



http://www.co2offsetresearch.org/consumer/GoodorBad.html

Yet carbon offsetting is not without its critics. A recent flurry of media reports has criticized the poor quality of carbon offsets projects in both the compliance and the voluntary market. Here are the most often cited criticisms:

Non- additional
Recent research reports have pointed out that a significant number of offsets come from projects that would have been implemented anyway (i. e. they are non-additional). More about additionality.

Lack of Fairness
Critics have also raised concerns over equality and fairness based on the argument that carbon offsetting enables developed nations to perpetuate unsustainable lifestyles by funding carbon projects in developing countries. Some argue that these projects rarely lead to benefits for the host community, and have gone so far as to call the offset market a form of carbon colonialism.

Lack of Transparency
The voluntary offset market in particular has been criticized for its lack of transparency, quality assurance and third-party standards.




http://www.france24.com/en/20160503-france-trial-multi-billion-carbon-emissions-trading-fraud-opens-paris


http://www.rbs.co.uk/corporate/banking/g6/online/common-scams/investment-fraud/carbon-credit-fraud.ashx


https://www.avivainvestors.com/en-gb/adviser/site-information/carbon-credit-scams.html

https://wattsupwiththat.com/2016/09/20/carbon-credit-climate-scam-the-fraud-prosecutions-begin/

http://www.redd-monitor.org/2016/09/02/why-is-vcs-so-reluctant-to-help-stamp-out-carbon-credit-scams/

Well, there is always two part to the story.

Those are old news , traders trying to sell of carbon credit as premium products , like selling sub-prime. It's the people problem, not the product.

That is the part we are trying to tackle using blockchain to track the carbon credit/offsets into exchanges like this  www.ctxglobal.com

old news you say?

the voluntary carbon credit market is scammy as fuck.

you are involved in a scammy enterprise for which you are looking to raise 5000 BTC

pull the other one.

this is another get rich quick scheme that only benefits  YOU!!

ctxglobal....based in London...

lol

http://www.redd-monitor.org/2016/11/25/scammers-behind-london-carbon-credit-company-jailed/

https://www.fca.org.uk/consumers/carbon-credit-trading


How carbon credit trading works
Investors are usually called out of the blue by salespeople promoting carbon credits, but contact can also come by email, post, word of mouth or at a seminar or exhibition.

You may be offered carbon credit certificates, voluntary emission reductions (VERs), certified emission reductions (CERs) or an opportunity to invest directly in a ’green‘ scheme or project that generates carbon credits as a return on investment.

Carbon credits and VERs certificates are often labelled as ’certified‘, but this certification is voluntary and involves a wide range of bodies and different quality standards that are not recognised by any UK compensation scheme.

The caller may claim carbon credits are ‘the new big thing’ in commodity trading, industries now have to off-set their emissions, the government is focusing on green developments or that it is a growing market.

Well, as I said, don't confused the product and the people. These are the people who has nothing and trying to sell them something that they don't have it.  That is considered a fraud. This got nothing to do with Carbon Credit/Offset.

Carbon Offset/Credit has gone up from $ 1 to $ 10 per tonne, to now 20 to 50 cents. Even at this current rate , we still would be getting about $ 5 to $10 million per annum for our 1,000,000 acre Forest.

It's like crypto, it has it up and down, but we are going for 30 years. We can get the mean average.

[TheTruthIsOutThere]

Only because there have been scams in this industry doesn't mean that Ecobit is one. They are working together with the state government and have to undergo public audits. What makes you say that they are a scam? That is a pretty unfounded accusation if you ask me.

hey if you can't see that this is a scheme designed to relieve you of your BTC and transfer it to their pockets, then by all means feel free to send

them your life savings.

and yes, the malaysian government has such a stellar reputation and has never been known to line their own pockets. They even have their own

wikipedia page:

https://en.wikipedia.org/wiki/List_of_scandals_in_Malaysia


http://www.huffingtonpost.com/azeem-ibrahim/shameless-malaysian-gover_b_2773995.html


http://www.newsweek.com/malaysia-prime-minister-accused-pocketing-700-million-slams-report-political-349854


https://www.theguardian.com/world/2016/oct/19/leonardo-dicaprio-malaysia-1mdb-fraud-investigation


ps: you're so fucking gullible....of course the insurance industry is a scam. Do you know how many loopholes they introduce in the small print to get out of paying their clients?


ALSO READ THIS ARTICLES:


 https://www.theatlantic.com/international/archive/2013/10/the-forest-mafia-how-scammers-steal-millions-through-carbon-markets/280419/

http://www.eco-business.com/news/mainland-dams-accused-carbon-credit-scams/


^^^^^

The whole carbon credit industry is SCAMMY AS FUCK!!

[McDoxy1]

by that logic, the entire crypto industry is also a huge scam. Better sell all your coins then.

[fortunecrypto]

They are targeting a big amount and yet they are not doing any marketing for this project,and the ico is started very fast without a week notice,I will have to see how this projects go by without marketing something is wrong there's absence of effort in the part of this team

[TheTruthIsOutThere]

by that logic, the entire crypto industry is also a huge scam. Better sell all your coins then.

sure refute all the evidence Mr shill..

 

[Bfljosh]

Dear OP,

Can you post the social media profiles of the team members because I do not believe they are in your team.

All of them can be seen in our events and video. Please check it out.

Give their social media profiles please. I can rent a speaker for a few bucks.

When they are serious they should not have any problem to share their profiles.  

Also give me concrete examples + links to your "green projects"

Do I say something crazy here? Come on dev, give me info so I know who I'm dealing with. I can not invest into something anonymous.

[tsg]

Dear

Ecobit_Official


if 8 888 888 888 tokens is going to be created, it means that if ECOBIT's market price goes to 3000 satoshi, the market price of ECOBIT is going to be = 266 666 BTC market cap = 322 665 860 $ right now Could you clarify the informations about max number of coin ant POTENTIAL market cap at price of 3000 satoshi?

Thank you in advance
Regards
tsg

[electronicash]

by that logic, the entire crypto industry is also a huge scam. Better sell all your coins then.

i think its pretty fair to suspect something like the scheme of this project. 1% grow each day, ain't that very attractive to a dumper like myself. i could invest few btc, get 10% and them dump this whole load of shit at once after the listing on exchange. which is why i'm also skeptical to this project.

[Kang TB]

a strange project here - early adopter use their own affiliate link 
this make me have so much doubt with this project

maybe you should explain about that ? 

[EcoBit Early Adopter]

A few topics/replies for consideration

Concerns re: carbon credit/green projects
- I do think people are fair to raise concerns e.g. TheTruthIsOutThere
- And I do think people are also fair to raise supporting points e.g. McDoxy1

Here's the thing:
- In any barrel of apples, there's always going to be some bad apples - it would be unfair to paint the whole industry with the same brush.
- However, where questions need to be raised, or additional investigation needs to be performed - I think that's fair.  One should always do due diligence (seems often unheard-of in the crypto world).
- The EcoBit team is not going to close their ICO in 10 days - there is an extended ICO period.
- I think the next 60 days (or 57 days, to be precise) is where tough questions should be asked by others (and answers shared by the EcoBit team).  EcoBit team members will certainly jump in here to make clarifying statements.  If you get an answer from direct communications, share it here.  The more information that is shared with everyone, the better the judgment all can arrive at.

The EcoBit team is not shirking any responses, and they respect that people may have warranted concerns.  The questions raised online - are no less difficult than the questions raised in their offline fundraising. You should not hesitate to ask questions, but try to keep them claim-free so that the answers can be evaluated objectively.

Concerns re: promoters

.... Tang too siah and that mr aaron are btcpanda ponzi scammers....
i only see Lon Wong the nem guy there....
but why Lon work with scammers.
Lon is big boss of nem.

Sir - with all due respect - that is an assertion that needs to be proven. If that is indeed the case, you should provide documentary evidence rather than an online statement.  Am sure that will also give comfort to other prospective investors.  Again, the EcoBit team will not shirk from responding - but do provide supporting evidence.

[Belligerent Fool]

by that logic, the entire crypto industry is also a huge scam. Better sell all your coins then.

sure refute all the evidence Mr shill..

 

I was thinking the same thing, coincidence with his posts.... ?

Did you just find out that 98.99% of altcoins are designed for 1 sole reason, to create a market to trade your real money to bitcoin then buying so called altcoins with bitcoin to hopefully double, triple, quadruple ones money, how could you possibly not know what an altcoin means and how many there are derived from the original....

This isn't 2013 lol, might as well plant a tree in your backyard and say you are contributing to the environment and get rewarded in said altcoin for your efforts.... haha

[Warren.Buffet]

by that logic, the entire crypto industry is also a huge scam. Better sell all your coins then.

sure refute all the evidence Mr shill..

 

I was thinking the same thing, coincidence with his posts.... ?

Did you just find out that 98.99% of altcoins are designed for 1 sole reason, to create a market to trade your real money to bitcoin then buying so called altcoins with bitcoin to hopefully double, triple, quadruple ones money, how could you possibly not know what an altcoin means and how many there are derived from the original....

This isn't 2013 lol, might as well plant a tree in your backyard and say you are contributing to the environment and get rewarded in said altcoin for your efforts.... haha

The organisers need to explain their intentions better, the project looks good, but the financial details look suspect.

[fortunecrypto]

by that logic, the entire crypto industry is also a huge scam. Better sell all your coins then.

sure refute all the evidence Mr shill..

 

I was thinking the same thing, coincidence with his posts.... ?

Did you just find out that 98.99% of altcoins are designed for 1 sole reason, to create a market to trade your real money to bitcoin then buying so called altcoins with bitcoin to hopefully double, triple, quadruple ones money, how could you possibly not know what an altcoin means and how many there are derived from the original....

This isn't 2013 lol, might as well plant a tree in your backyard and say you are contributing to the environment and get rewarded in said altcoin for your efforts.... haha

The organisers need to explain their intentions better, the project looks good, but the financial details look suspect.

You're right the project indeed looks good but they should have started the project right away even with small funds instead at least they have a roadmap in progress,but all this project is asking are funding for a huge project and also the question on what will they do if they cannot get in their target .

[Zylon]

I am just a crypto-beginner, but is the price of 3000 satoshi not quit expensive according to an amount of 8,888,888,888 units?
NEM has the same amount but the price is about 1700 satoshi,  2 years after launch!!

Can somebody pls answer my question ^^
I am really interested in this project but the high price seems to be suspect somehow

[EcoBit_Official]

I am just a crypto-beginner, but is the price of 3000 satoshi not quit expensive according to an amount of 8,888,888,888 units?
NEM has the same amount but the price is about 1700 satoshi,  2 years after launch!!

Can somebody pls answer my question ^^
I am really interested in this project but the high price seems to be suspect somehow

There is no such thing as cheap or expensive price. Which alt coins come with real world projects?