[ANN][ICO launched!] Embermine - Blockchain and Smart Contract Application

[embermine_drake]

Hello. Just came across this project, it sound every interesting, but the minimum goal of BTC is not met yet, with only 20 hours left to the end of the ICO. What will happen if the minimum goal is not met, will everyone be refunded, or what will happen? Sorry if this was answered before, I couldn't find where...

If the token sale does not reach its minimum of 200 BTC, the Escrow which holds the BTC and is administered by Coinfirm, after it verifies all transactions, will refund all BTC collected during the length of the sale.

All funds will be returned to the wallets indicated during the purchase process. The only loss in value when contributing are the transaction fees associated to the purchases and the return transactions. So please do not wait, as we have strong evidence that we will cover the minimum no matter what.

Also it should be noted that we fully intend upon creating the environment, including the Ember tokens, regardless of the results of the token sale. When and how that will take place is something we will worry about only if necessary, but we have already laid the groundwork for those contingencies before we began all of this.

Dev, sorry for the question I'm going to ask, but if you guys can cover the minimum, why are you going to ICO? Was it necessary to make an ICO if you are able to follow through with the project? I know that you deserve to be paid for the nice work and future product offered, but was an ICO necessary? Or why didn't do it with a minimum minor? There are many ICO's, it's a difficult competition.

We, ourselves, cannot cover the minimum, I just believe that we have enough people out there we have spoken to that leads us to believe that we will cover. Plus there is the rush factor, we have been told to expect the rush at the end. So that is what we are expecting. We are simply saying that IF there is not and we do not cover, we have made real efforts to give us options in case something like that were to occur.

The funding from the ICO was going to help us instantly qualify for the matching technology research and development grants that would allow us to hire and acquire all of the proper people and tools for the job, without having to go through the time and expense of funding round trips and convention/event appearances to meet with everyone. The token sale seemed to be the preferred method of not only funding, but also marketing. Most people learn about new blockchain projects from watching information about ICOs, especially platform or consumer-facing applications that have a group of blockchain industry outsiders like us.

Finally, the biggest reason for the ICO is because it was the easiest, most decentralized way to ensure a wide geographical distribution of coins, even at low numbers. A platform such as Embermine needs a significant, geographically distributed User population in order to operate efficiently, and this is BY FAR the easiest way to do that, funding or no.

[1714263119]

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[1714263119]

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[charles007]

Hello. Just came across this project, it sound every interesting, but the minimum goal of BTC is not met yet, with only 20 hours left to the end of the ICO. What will happen if the minimum goal is not met, will everyone be refunded, or what will happen? Sorry if this was answered before, I couldn't find where...

If the token sale does not reach its minimum of 200 BTC, the Escrow which holds the BTC and is administered by Coinfirm, after it verifies all transactions, will refund all BTC collected during the length of the sale.

All funds will be returned to the wallets indicated during the purchase process. The only loss in value when contributing are the transaction fees associated to the purchases and the return transactions. So please do not wait, as we have strong evidence that we will cover the minimum no matter what.

Also it should be noted that we fully intend upon creating the environment, including the Ember tokens, regardless of the results of the token sale. When and how that will take place is something we will worry about only if necessary, but we have already laid the groundwork for those contingencies before we began all of this.

Ok thanks for the reply... will invest.

[Andeze17]

~8 hours left and still far from the minimum funding goal, I guess we'll have to see how many last minute ico buyers show up.

[embermine_drake]

Ok thanks for the reply... will invest.

Thank you! We truly appreciate your support! Please let us know if you have any questions, of if we can provide you with any additional information.

[embermine_drake]

~8 hours left and still far from the minimum funding goal, I guess we'll have to see how many last minute ico buyers show up.

This has been the question on my mind ever since our initial token sale had to be terminated because the sales widget did not function properly and allow individuals to invest. I knew it would be an uphill battle from that point on because we always knew that the first moments were important with ICOs. I also knew that it would be hard to rise above all the growing noise in the industry and markets to help people realize we are "still here".

In the end, no matter what happens, we will get the Ember token launched and fulfill all of the bounties. All of you have worked hard and did as you said. You should not completely lose out simply because the token launch did not meet its minimum. Without the funding it will take longer and the network will be worth less in the beginning, making adoption by Users wishing to use Constructor Entities on the platform a harder sell. But we would still get it together and make it work. Because that is what we do.

[sotisoti]

Would you consider doing another crowdsale in the future if this one failed?

[embermine_drake]

Would you consider doing another crowdsale in the future if this one failed?

For another project or someone else's event that I am working on, absolutely. For Embermine, not likely. We did this as an attempt to get as many people involved with the project as possible and generate enough working capital to do the development the right way.

If this continues as expected, and the sale does not meet its minimum, we will discuss how Embermine moves forward from that spot. There are many options. But another ICO for this, when the first one failed due to an error in the sales widget provided to us, and the second one did not meet the agreed upon minimum? With all of the craziness (ETH up 6x just since our original launch, for example) it was easy to get lost in the shuffle. But we are building this platform! Those who are in, will have options. 

[Blamsud]

Is the signature campaign will be available soon?

[embermine_drake]

Dev, unfortunately ICO's goal was not achieved! What will become of the rewards campaign? Do I still have to send my information by email? What should be done? And will the project have the continuity previously discussed?

Due to the intentional design of our Escrow for the token sale, we must complete all of the returns to all of the sales since we did not hit the sales minimum. Because we intend upon launching the token anyway to honor all of our token obligations to all of the Employee, Marketing, and Code Bounty Pools, we have received notice from the vast majority of participants to get remain part of the token release. Since we have to close the original sale to process the refunds per the Escrow service, we will be holding a one day token sale "buy-in" for those participants who wish to remain part of the Embermine token distribution.

All purchase refunds will be happening on Monday automatically to the Bitcoin addresses provided by each buyer during the crowdsale. As we are processing the refunds, we will also be notifying everyone of the exact particulars regarding the sale, the timing, cost, and procedures to follow.

Thank you to everyone for their support. Here are the preliminary details regarding the sale:

Essentially, we are selling the tokens now at .0000004 BTC each, or 100X original value.
The original minimum purchase was .005 BTC which got the buyer 125 Embers. That same user now gets 12,500 Embers
This looks to be the token goals:

Target number of Embers to be produced: 58,823,530
Distributed to Token Sale buyers: 50,000,000
Total Distributed Outside Of Token Sale: 8,823,530
Distributed to Employee Pool: 3,529,413
Distributed to Marketing Pool: 2,941,176
Distributed to Code Bounty Pool: 2,352,941
Cost per Ember: .0000004 BTC each

All existing buyers will be guaranteed at least their initial commitment. We will guarantee that at least 50,000,000 tokens will be funded through this process, to ensure that all Employee, Marketing Bounty, and Code Bounty pools are properly vested as intended. This is not intended to be a replacement of the original token sale. Rather, this is the method of release we are doing in order to get our initial token created as we begin development and allowing those who want to see this project succeed to still be involved.

Because of the format the sale will take, this will be an invite-only event where someone must receive the link from Embermine or a current participant in the token sale. Each participant will receive a special link that they use in order to participate. There, they can claim their original tokens or participate at some other level. Once someone participates, they will receive an email confirmation of their order and a referral link that they can send out to another who may wish to participate. This process is to ensure that those who originally participated will still have the earliest opportunity to participate in the sale.

NOTE: These are just the preliminaries. We are working the details out with our Token Administrators and our Escrow partners and will let everyone know as soon as the details are all finalized. Some of these elements will change, but we are hoping to run the special token sale on June 6th.

Thank you to everyone for their support!  

[charles007]

Dev, unfortunately ICO's goal was not achieved! What will become of the rewards campaign? Do I still have to send my information by email? What should be done? And will the project have the continuity previously discussed?

Due to the intentional design of our Escrow for the token sale, we must complete all of the returns to all of the sales since we did not hit the sales minimum. Because we intend upon launching the token anyway to honor all of our token obligations to all of the Employee, Marketing, and Code Bounty Pools, we have received notice from the vast majority of participants to get remain part of the token release. Since we have to close the original sale to process the refunds per the Escrow service, we will be holding a one day token sale "buy-in" for those participants who wish to remain part of the Embermine token distribution.

All purchase refunds will be happening on Monday automatically to the Bitcoin addresses provided by each buyer during the crowdsale. As we are processing the refunds, we will also be notifying everyone of the exact particulars regarding the sale, the timing, cost, and procedures to follow.

Thank you to everyone for their support. Here are the preliminary details regarding the sale:

Essentially, we are selling the tokens now at .0000004 BTC each, or 100X original value.
The original minimum purchase was .005 BTC which got the buyer 125 Embers. That same user now gets 12,500 Embers
This looks to be the token goals:

Target number of Embers to be produced: 58,823,530
Distributed to Token Sale buyers: 50,000,000
Total Distributed Outside Of Token Sale: 8,823,530
Distributed to Employee Pool: 3,529,413
Distributed to Marketing Pool: 2,941,176
Distributed to Code Bounty Pool: 2,352,941
Cost per Ember: .0000004 BTC each

All existing buyers will be guaranteed at least their initial commitment. We will guarantee that at least 50,000,000 tokens will be funded through this process, to ensure that all Employee, Marketing Bounty, and Code Bounty pools are properly vested as intended. This is not intended to be a replacement of the original token sale. Rather, this is the method of release we are doing in order to get our initial token created as we begin development and allowing those who want to see this project succeed to still be involved.

Because of the format the sale will take, this will be an invite-only event where someone must receive the link from Embermine or a current participant in the token sale. Each participant will receive a special link that they use in order to participate. There, they can claim their original tokens or participate at some other level. Once someone participates, they will receive an email confirmation of their order and a referral link that they can send out to another who may wish to participate. This process is to ensure that those who originally participated will still have the earliest opportunity to participate in the sale.

NOTE: These are just the preliminaries. We are working the details out with our Token Administrators and our Escrow partners and will let everyone know as soon as the details are all finalized. Some of these elements will change, but we are hoping to run the special token sale on June 6th.

Thank you to everyone for their support!  

Excellent way forward in my opinion. It's a shame that the ICO minimum wasn't reached, but maybe the ones who will stay on board will contribute more now given the low cost of the tokens.... Looking forward to the token sale.

[GTTIGER]

Dev, unfortunately ICO's goal was not achieved! What will become of the rewards campaign? Do I still have to send my information by email? What should be done? And will the project have the continuity previously discussed?

Due to the intentional design of our Escrow for the token sale, we must complete all of the returns to all of the sales since we did not hit the sales minimum. Because we intend upon launching the token anyway to honor all of our token obligations to all of the Employee, Marketing, and Code Bounty Pools, we have received notice from the vast majority of participants to get remain part of the token release. Since we have to close the original sale to process the refunds per the Escrow service, we will be holding a one day token sale "buy-in" for those participants who wish to remain part of the Embermine token distribution.

All purchase refunds will be happening on Monday automatically to the Bitcoin addresses provided by each buyer during the crowdsale. As we are processing the refunds, we will also be notifying everyone of the exact particulars regarding the sale, the timing, cost, and procedures to follow.

Thank you to everyone for their support. Here are the preliminary details regarding the sale:

Essentially, we are selling the tokens now at .0000004 BTC each, or 100X original value.
The original minimum purchase was .005 BTC which got the buyer 125 Embers. That same user now gets 12,500 Embers
This looks to be the token goals:

Target number of Embers to be produced: 58,823,530
Distributed to Token Sale buyers: 50,000,000
Total Distributed Outside Of Token Sale: 8,823,530
Distributed to Employee Pool: 3,529,413
Distributed to Marketing Pool: 2,941,176
Distributed to Code Bounty Pool: 2,352,941
Cost per Ember: .0000004 BTC each

All existing buyers will be guaranteed at least their initial commitment. We will guarantee that at least 50,000,000 tokens will be funded through this process, to ensure that all Employee, Marketing Bounty, and Code Bounty pools are properly vested as intended. This is not intended to be a replacement of the original token sale. Rather, this is the method of release we are doing in order to get our initial token created as we begin development and allowing those who want to see this project succeed to still be involved.

Because of the format the sale will take, this will be an invite-only event where someone must receive the link from Embermine or a current participant in the token sale. Each participant will receive a special link that they use in order to participate. There, they can claim their original tokens or participate at some other level. Once someone participates, they will receive an email confirmation of their order and a referral link that they can send out to another who may wish to participate. This process is to ensure that those who originally participated will still have the earliest opportunity to participate in the sale.

NOTE: These are just the preliminaries. We are working the details out with our Token Administrators and our Escrow partners and will let everyone know as soon as the details are all finalized. Some of these elements will change, but we are hoping to run the special token sale on June 6th.

Thank you to everyone for their support!  

Not really understanding, does this mean that people that want to stay on board have to pay 100x the price of ico?

[embermine_drake]

Dev, unfortunately ICO's goal was not achieved! What will become of the rewards campaign? Do I still have to send my information by email? What should be done? And will the project have the continuity previously discussed?

Due to the intentional design of our Escrow for the token sale, we must complete all of the returns to all of the sales since we did not hit the sales minimum. Because we intend upon launching the token anyway to honor all of our token obligations to all of the Employee, Marketing, and Code Bounty Pools, we have received notice from the vast majority of participants to get remain part of the token release. Since we have to close the original sale to process the refunds per the Escrow service, we will be holding a one day token sale "buy-in" for those participants who wish to remain part of the Embermine token distribution.

All purchase refunds will be happening on Monday automatically to the Bitcoin addresses provided by each buyer during the crowdsale. As we are processing the refunds, we will also be notifying everyone of the exact particulars regarding the sale, the timing, cost, and procedures to follow.

Thank you to everyone for their support. Here are the preliminary details regarding the sale:

Essentially, we are selling the tokens now at .0000004 BTC each, or 100X original value.
The original minimum purchase was .005 BTC which got the buyer 125 Embers. That same user now gets 12,500 Embers
This looks to be the token goals:

Target number of Embers to be produced: 58,823,530
Distributed to Token Sale buyers: 50,000,000
Total Distributed Outside Of Token Sale: 8,823,530
Distributed to Employee Pool: 3,529,413
Distributed to Marketing Pool: 2,941,176
Distributed to Code Bounty Pool: 2,352,941
Cost per Ember: .0000004 BTC each

All existing buyers will be guaranteed at least their initial commitment. We will guarantee that at least 50,000,000 tokens will be funded through this process, to ensure that all Employee, Marketing Bounty, and Code Bounty pools are properly vested as intended. This is not intended to be a replacement of the original token sale. Rather, this is the method of release we are doing in order to get our initial token created as we begin development and allowing those who want to see this project succeed to still be involved.

Because of the format the sale will take, this will be an invite-only event where someone must receive the link from Embermine or a current participant in the token sale. Each participant will receive a special link that they use in order to participate. There, they can claim their original tokens or participate at some other level. Once someone participates, they will receive an email confirmation of their order and a referral link that they can send out to another who may wish to participate. This process is to ensure that those who originally participated will still have the earliest opportunity to participate in the sale.

NOTE: These are just the preliminaries. We are working the details out with our Token Administrators and our Escrow partners and will let everyone know as soon as the details are all finalized. Some of these elements will change, but we are hoping to run the special token sale on June 6th.

Thank you to everyone for their support!  

Not really understanding, does this mean that people that want to stay on board have to pay 100x the price of ico?

No, they will get 100X the original number of tokens for the same amount of investment.

Okay folks all of the transactions are verified and in hannd finally, which means that I can begin the process of refunding the transactions. Now, after careful discusssion with the Token Administrators and the Escrow signators, the problem with using account numbers from Exchanges is that many exchanges can only accept certain tokens or coin types, so if you are submitting a NEW coin to an Exchange wallet address, it will fail, and often get stuck in linmbo. BUT for returning funds, they would operate exactly as if you are making a deposit into your Exchange account as normal. There should be no issues. I am saying this because I know that some participants were nervous for this process because of they used a bitcoin exchange address to contribute. For those of you that I have already spoken to about this, I will make sure the transaction is handled properly. For those of you who may be concerned, we will are doing all transactions manually, so we will be sure all transactions are processed properly to the addresses provided.
With all the activity on the Bitcoin blockchain, some transactions may be delayed, but we will be sure that everyone has their refunds processed on our end in the next few hours. I will be sending email confirmations of the transactions by email along with more information regarding getting involved in the rebuy process. I am simply awaiting the funds to be released by the Escrow into the refunding account. Thank you for your patience! Also, if you participated but did not processed the payment for the transaction, you will also get an email from us that will show the unfulfilled transaction, in case there is any question on those and also provide information for participating in the final buy-in.


Everyone should have their refunds and emails by 12 Noon Central Standard time tomorrow. Please contact me directly by email or by Direct Message on Slack or Telegram if you do not receive it by then: james@embermine.com

Do not worry about the Token buy-in. We will make sure everyone has plenty of notice and information before we launch it.

[Josepino]

Dev, unfortunately ICO's goal was not achieved! What will become of the rewards campaign? Do I still have to send my information by email? What should be done? And will the project have the continuity previously discussed?

Due to the intentional design of our Escrow for the token sale, we must complete all of the returns to all of the sales since we did not hit the sales minimum. Because we intend upon launching the token anyway to honor all of our token obligations to all of the Employee, Marketing, and Code Bounty Pools, we have received notice from the vast majority of participants to get remain part of the token release. Since we have to close the original sale to process the refunds per the Escrow service, we will be holding a one day token sale "buy-in" for those participants who wish to remain part of the Embermine token distribution.

All purchase refunds will be happening on Monday automatically to the Bitcoin addresses provided by each buyer during the crowdsale. As we are processing the refunds, we will also be notifying everyone of the exact particulars regarding the sale, the timing, cost, and procedures to follow.

Thank you to everyone for their support. Here are the preliminary details regarding the sale:

Essentially, we are selling the tokens now at .0000004 BTC each, or 100X original value.
The original minimum purchase was .005 BTC which got the buyer 125 Embers. That same user now gets 12,500 Embers
This looks to be the token goals:

Target number of Embers to be produced: 58,823,530
Distributed to Token Sale buyers: 50,000,000
Total Distributed Outside Of Token Sale: 8,823,530
Distributed to Employee Pool: 3,529,413
Distributed to Marketing Pool: 2,941,176
Distributed to Code Bounty Pool: 2,352,941
Cost per Ember: .0000004 BTC each

All existing buyers will be guaranteed at least their initial commitment. We will guarantee that at least 50,000,000 tokens will be funded through this process, to ensure that all Employee, Marketing Bounty, and Code Bounty pools are properly vested as intended. This is not intended to be a replacement of the original token sale. Rather, this is the method of release we are doing in order to get our initial token created as we begin development and allowing those who want to see this project succeed to still be involved.

Because of the format the sale will take, this will be an invite-only event where someone must receive the link from Embermine or a current participant in the token sale. Each participant will receive a special link that they use in order to participate. There, they can claim their original tokens or participate at some other level. Once someone participates, they will receive an email confirmation of their order and a referral link that they can send out to another who may wish to participate. This process is to ensure that those who originally participated will still have the earliest opportunity to participate in the sale.

NOTE: These are just the preliminaries. We are working the details out with our Token Administrators and our Escrow partners and will let everyone know as soon as the details are all finalized. Some of these elements will change, but we are hoping to run the special token sale on June 6th.

Thank you to everyone for their support!  

It's nice to hear this notice from Dev. I will join this ICO project as a future investment .
 I expect Dev has enough funds to develop this project after ICO launching finished.

[abdulaziz07]

Is there a spreadsheet to check stakes?

[GTTIGER]

Cool, so we should expect an email.

[embermine_drake]

Despite not making the minimum goal for our token sale, a number of individuals who have already participated or had missed the sale completely started asking if would launch the Ember tokens regardless of the result.

So we worked out a direct to user, private token sale which will allow users the ability to order the EMB tokens that they want and either get their original purchase at a great discount, or purchase new or additional tokens using one of many different cryptocurrencies.

The sale runs from 6:00am Saturday, June 10, 2017 through to 6:00pm Sunday, June 11, 2017 

We made two different pages. One is specifically for returning buyers who want to secure their original investment: https://embermine.com/embermine-private-token-sale-reserved/

And the other is for new or additional purchases: https://embermine.com/embermine-private-token-sale-new/

For new or additional purposes, we have added the ability to use many different currencies, just make sure to send the correct currency to the correct address provided and please double check against mistakes.

Please let us know if you have any questions, issues, or problems.

Sincerely,

The Embermine Team
www.embermine.com

[GTTIGER]

Despite not making the minimum goal for our token sale, a number of individuals who have already participated or had missed the sale completely started asking if would launch the Ember tokens regardless of the result.

So we worked out a direct to user, private token sale which will allow users the ability to order the EMB tokens that they want and either get their original purchase at a great discount, or purchase new or additional tokens using one of many different cryptocurrencies.

The sale runs from 6:00am Saturday, June 10, 2017 through to 6:00pm Sunday, June 11, 2017 

We made two different pages. One is specifically for returning buyers who want to secure their original investment: https://embermine.com/embermine-private-token-sale-reserved/

And the other is for new or additional purchases: https://embermine.com/embermine-private-token-sale-new/

For new or additional purposes, we have added the ability to use many different currencies, just make sure to send the correct currency to the correct address provided and please double check against mistakes.

Please let us know if you have any questions, issues, or problems.

Sincerely,

The Embermine Team
www.embermine.com

Probably should send out an email, not everyone sees the thread.

[embermine_drake]

Probably should send out an email, not everyone sees the thread.
[/quote]

We did to everyone on our newsletter database and all email addresses that participated in the token sale that had just ended.

Feel free to share the link to the page on our site with both of the links on it and a little better overall explanation of what we are doing.

https://embermine.com/emb-token-distribution-june-15thlast-chance-token-sale/

[sunce33]

These good news do not give up that easy. Good luck. I shared your link on twitter and Facebook
https://twitter.com/sunce33/status/873829773771976704
https://www.facebook.com/ALora22/posts/1513102895407691

[TheCrimsonFucker]

Dev, I joined the twitter campaign and sent the email with my information, will the distribution start on Thursday? Is it necessary to download a wallet? How will that be?