Nathan01
Member
 Offline
Activity: 728
Merit: 11
DocTailor IEO on Zloadr
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May 26, 2018, 10:26:50 AM |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining Yea, mining does sound scary to me but from the comments going on here, is clear that bitfence have simplified the process and eradicate any need for sophisticated equipment or machinery, so is a welcome development and i'm pretty sure a lot of individuals will like to identify with this project, simplicity matters a lot in a project it will be as easy as the ABC. Buy Stingminer, plug in, let's start with the mining :-) I'm definitely going to get a Stingminer to hunt hackers with it:-) The more of us join in, the harder hackers lifes will be in the future Hackers would have it really bad with Bitfence StingMiners in circulation, it will reduce their activity to a very minimal rate if not completely eliminate them, i'm particularly looking forward to this type of project coming up in the cyber space, literally everywhere if needs be |
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ibininja
Member
Offline
Activity: 490
Merit: 10
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May 26, 2018, 11:35:24 AM |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining Yea, mining does sound scary to me but from the comments going on here, is clear that bitfence have simplified the process and eradicate any need for sophisticated equipment or machinery, so is a welcome development and i'm pretty sure a lot of individuals will like to identify with this project, simplicity matters a lot in a project it will be as easy as the ABC. Buy Stingminer, plug in, let's start with the mining :-) I'm definitely going to get a Stingminer to hunt hackers with it:-) The more of us join in, the harder hackers lifes will be in the future Thats the beauty of this project, the more miners the safer the internet will be, also - everyone benefits from running the miner Yea. So the goal is to get as many people as possible in to the platform to mine. Once that is done, we can all be sure to sleep at night with both eyes closed and no fear of hacks. Not only that, but the longer you are mining the more tokens you are getting rewarded. My only question is that; when you get rewarded for these tokens? Does this cause the supply to go down resulting in a higher token price?? along with that question; you can have multiple miners; for example the same person running servers of stingminer which might lead to superiority in the network. how is that addressed? |
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jamzzz123
Member
Offline
Activity: 350
Merit: 16
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May 26, 2018, 12:28:07 PM |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining Yea, mining does sound scary to me but from the comments going on here, is clear that bitfence have simplified the process and eradicate any need for sophisticated equipment or machinery, so is a welcome development and i'm pretty sure a lot of individuals will like to identify with this project, simplicity matters a lot in a project it will be as easy as the ABC. Buy Stingminer, plug in, let's start with the mining :-) I'm definitely going to get a Stingminer to hunt hackers with it:-) The more of us join in, the harder hackers lifes will be in the future Thats the beauty of this project, the more miners the safer the internet will be, also - everyone benefits from running the miner Yea. So the goal is to get as many people as possible in to the platform to mine. Once that is done, we can all be sure to sleep at night with both eyes closed and no fear of hacks. Not only that, but the longer you are mining the more tokens you are getting rewarded. My only question is that; when you get rewarded for these tokens? Does this cause the supply to go down resulting in a higher token price?? along with that question; you can have multiple miners; for example the same person running servers of stingminer which might lead to superiority in the network. how is that addressed? Also; if we had for example 100,000 users running sting miner - Bitfence can't continuously pay out tokens, in 5 years time for example, you will run out of tokens right?? |
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nesh1
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May 26, 2018, 01:07:57 PM |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining Yea, mining does sound scary to me but from the comments going on here, is clear that bitfence have simplified the process and eradicate any need for sophisticated equipment or machinery, so is a welcome development and i'm pretty sure a lot of individuals will like to identify with this project, simplicity matters a lot in a project it will be as easy as the ABC. Buy Stingminer, plug in, let's start with the mining :-) I'm definitely going to get a Stingminer to hunt hackers with it:-) The more of us join in, the harder hackers lifes will be in the future Thats the beauty of this project, the more miners the safer the internet will be, also - everyone benefits from running the miner Yea. So the goal is to get as many people as possible in to the platform to mine. Once that is done, we can all be sure to sleep at night with both eyes closed and no fear of hacks. Not only that, but the longer you are mining the more tokens you are getting rewarded. My only question is that; when you get rewarded for these tokens? Does this cause the supply to go down resulting in a higher token price?? along with that question; you can have multiple miners; for example the same person running servers of stingminer which might lead to superiority in the network. how is that addressed? Also; if we had for example 100,000 users running sting miner - Bitfence can't continuously pay out tokens, in 5 years time for example, you will run out of tokens right?? Maybe there will be a daily limit for the amount of NHY Tokens you mine, i think these are very good questions and they should be asked to the team directly in the Telegram. |
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Ace44
Member
Offline
Activity: 672
Merit: 11
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May 26, 2018, 01:23:22 PM |
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This is a nice and wonderful project. It's a cutting edge idea and a great investment!
It's a great project with some innovative ideas, I haven't seen many IT Security projects like BitFence which is why I think the project could grow massively. Check out this ICO review here to learn more about the project https://icobench.com/ico/bitfence/ratingsYeap, Bitfence is deserve for this rating. Everywhere is 5.0 but why profile rating 4.3 only? That bitfence have to do something for 100% good rating. Even as it stands now, they are still having a good rate when compared to some other projects. Even though 100% is better but this is still good. Something can never be 100% usually it would be a scam then but Bitfence has honest experts rating and it is still very high. You are right. Nothing have 100% efficiency. That alone might turn of some people and make them skeptical about the project. It still all good though. Still have a positive side of it. The whole point is about starting and is a sure thing that as they begin, they will be learning through trials and errors till the whole system becomes one perfect machinery that will deliver a good service system to the community of which they will appreciate, so they may not hit it 100% the first time but as they progress, they will achieve their target, now the whole point is not about the rating site but on a general perspective |
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Anilbg
Jr. Member
Offline
Activity: 406
Merit: 2
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May 26, 2018, 01:32:24 PM |
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This is a nice and wonderful project. It's a cutting edge idea and a great investment!
It's a great project with some innovative ideas, I haven't seen many IT Security projects like BitFence which is why I think the project could grow massively. Check out this ICO review here to learn more about the project https://icobench.com/ico/bitfence/ratingsYeap, Bitfence is deserve for this rating. Everywhere is 5.0 but why profile rating 4.3 only? That bitfence have to do something for 100% good rating. Even as it stands now, they are still having a good rate when compared to some other projects. Even though 100% is better but this is still good. Something can never be 100% usually it would be a scam then but Bitfence has honest experts rating and it is still very high. You are right. Nothing have 100% efficiency. That alone might turn of some people and make them skeptical about the project. It still all good though. Still have a positive side of it. The whole point is about starting and is a sure thing that as they begin, they will be learning through trials and errors till the whole system becomes one perfect machinery that will deliver a good service system to the community of which they will appreciate, so they may not hit it 100% the first time but as they progress, they will achieve their target, now the whole point is not about the rating site but on a general perspective BitFence got 4.5 rating out of 5, which is very good. Anything above 4 is good. BitFence team has done lot of hard work and people noticing the same. |
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ethtrader16
Copper Member
Newbie
Offline
Activity: 658
Merit: 0
Empowering crypto w/ sustainable energy
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May 26, 2018, 02:00:31 PM |
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Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
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ctrades31
Newbie
Offline
Activity: 392
Merit: 0
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May 26, 2018, 02:08:06 PM |
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This is a nice and wonderful project. It's a cutting edge idea and a great investment!
It's a great project with some innovative ideas, I haven't seen many IT Security projects like BitFence which is why I think the project could grow massively. Check out this ICO review here to learn more about the project https://icobench.com/ico/bitfence/ratingsYeap, Bitfence is deserve for this rating. Everywhere is 5.0 but why profile rating 4.3 only? That bitfence have to do something for 100% good rating. Even as it stands now, they are still having a good rate when compared to some other projects. Even though 100% is better but this is still good. Something can never be 100% usually it would be a scam then but Bitfence has honest experts rating and it is still very high. You are right. Nothing have 100% efficiency. That alone might turn of some people and make them skeptical about the project. It still all good though. Still have a positive side of it. The whole point is about starting and is a sure thing that as they begin, they will be learning through trials and errors till the whole system becomes one perfect machinery that will deliver a good service system to the community of which they will appreciate, so they may not hit it 100% the first time but as they progress, they will achieve their target, now the whole point is not about the rating site but on a general perspective BitFence got 4.5 rating out of 5, which is very good. Anything above 4 is good. BitFence team has done lot of hard work and people noticing the same. 4+ rating out of 5 is always good. Bitfence team is really working too hard to make success their project. And I know that they will be reach their targets. |
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rathaha10
Full Member
Offline
Activity: 616
Merit: 108
io.ezystayz.com
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May 26, 2018, 02:19:08 PM |
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Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. |
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phantam
Full Member
Offline
Activity: 546
Merit: 106
Bountyhive.io
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May 26, 2018, 02:52:56 PM |
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Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. Agreed the projects got solid momentum lately and has been getting some solid reviews and buzz so I’m hoping that they will reach their caps to pull forward and be able to bring ththe concept to market fully |
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Ace44
Member
Offline
Activity: 672
Merit: 11
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May 26, 2018, 05:15:07 PM |
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This is a nice and wonderful project. It's a cutting edge idea and a great investment!
It's a great project with some innovative ideas, I haven't seen many IT Security projects like BitFence which is why I think the project could grow massively. Check out this ICO review here to learn more about the project https://icobench.com/ico/bitfence/ratingsYeap, Bitfence is deserve for this rating. Everywhere is 5.0 but why profile rating 4.3 only? That bitfence have to do something for 100% good rating. Even as it stands now, they are still having a good rate when compared to some other projects. Even though 100% is better but this is still good. Something can never be 100% usually it would be a scam then but Bitfence has honest experts rating and it is still very high. You are right. Nothing have 100% efficiency. That alone might turn of some people and make them skeptical about the project. It still all good though. Still have a positive side of it. The whole point is about starting and is a sure thing that as they begin, they will be learning through trials and errors till the whole system becomes one perfect machinery that will deliver a good service system to the community of which they will appreciate, so they may not hit it 100% the first time but as they progress, they will achieve their target, now the whole point is not about the rating site but on a general perspective BitFence got 4.5 rating out of 5, which is very good. Anything above 4 is good. BitFence team has done lot of hard work and people noticing the same. Yea, like i stated, my statement was more of like a general statement and not directed towards arguing about the rating thing, yea i do agree with you on the rating statistics, no doubt bitfence have done their homework pretty well and that's why i'm here but at the end of the day, the investor needs to do one final research and decide, rating sites can be helpful but a personal digging to be sure is better |
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bittraffic
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May 26, 2018, 05:22:09 PM |
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Base on what I've read, it looks like its getting hyped already. But to be fair its really a good concept here. How much HoneyNet do we need to run nodes? Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. It only need to hit the softcap for the project to move forward. If I am an investor, I'd be sending my ETH before 4% bonus again will be deducted. When they say they'd be releasing hardware solutions, what sorts of product are these? |
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Darkoth89
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May 26, 2018, 06:23:03 PM |
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Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. Agreed the projects got solid momentum lately and has been getting some solid reviews and buzz so I’m hoping that they will reach their caps to pull forward and be able to bring ththe concept to market fully Once they hit 2000 ETH, I believe that Stage 2 of the ICO starts, I saw it mentioned in their Telegram channel. |
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faulerwilli
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May 26, 2018, 08:06:18 PM |
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Base on what I've read, it looks like its getting hyped already. But to be fair its really a good concept here. How much HoneyNet do we need to run nodes? Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. It only need to hit the softcap for the project to move forward. If I am an investor, I'd be sending my ETH before 4% bonus again will be deducted. When they say they'd be releasing hardware solutions, what sorts of product are these? The hardware solution is the Stingminer, a raspberryPi, everything preset, you just have to plug it in. This is the honey pot that hackers want to attract. If someone falls into the trap and attacks the Stingminer, he is immediately recognized as a hacker and automatically reported to the Bitfence network. Once recognized, he can no longer do any damage |
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Darkoth89
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May 26, 2018, 08:09:38 PM |
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Base on what I've read, it looks like its getting hyped already. But to be fair its really a good concept here. How much HoneyNet do we need to run nodes? Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. It only need to hit the softcap for the project to move forward. If I am an investor, I'd be sending my ETH before 4% bonus again will be deducted. When they say they'd be releasing hardware solutions, what sorts of product are these? The hardware solution is the Stingminer, a raspberryPi, everything preset, you just have to plug it in. This is the honey pot that hackers want to attract. If someone falls into the trap and attacks the Stingminer, he is immediately recognized as a hacker and automatically reported to the Bitfence network. Once recognized, he can no longer do any damage You get paid for uptime as well as hacker 'fingerprints' as well, so should pay to have such a liteweight device |
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rathaha10
Full Member
Offline
Activity: 616
Merit: 108
io.ezystayz.com
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May 26, 2018, 09:32:27 PM |
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Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. Agreed the projects got solid momentum lately and has been getting some solid reviews and buzz so I’m hoping that they will reach their caps to pull forward and be able to bring ththe concept to market fully Once they hit 2000 ETH, I believe that Stage 2 of the ICO starts, I saw it mentioned in their Telegram channel. Oh oke so the stage will get extended now for 100%. Well after Stage 1 they will get their softcap. So no complaining from me ! |
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Owillz
Member
Offline
Activity: 532
Merit: 10
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May 26, 2018, 09:41:23 PM |
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From my understanding the process for miners to earn HNY token involves being able to capture hackers trying to hack Bitfence network and then share this threat with Bitfence, once Bitfence validates the threat with Bitfence risk scoring mechanism you get rewarded. The whole process looks like fun i'll be sure to partake in this.
I generally do not mine nor am I comfortable with it though but owing the way the mining operation of Bitfence has been structured and with the fact that energy consumption will be minimal, this is where I do love to start mining Yea, mining does sound scary to me but from the comments going on here, is clear that bitfence have simplified the process and eradicate any need for sophisticated equipment or machinery, so is a welcome development and i'm pretty sure a lot of individuals will like to identify with this project, simplicity matters a lot in a project it will be as easy as the ABC. Buy Stingminer, plug in, let's start with the mining :-) I'm definitely going to get a Stingminer to hunt hackers with it:-) The more of us join in, the harder hackers lifes will be in the future Hackers would have it really bad with Bitfence StingMiners in circulation, it will reduce their activity to a very minimal rate if not completely eliminate them, i'm particularly looking forward to this type of project coming up in the cyber space, literally everywhere if needs be This will be a thorn in their flesh. With this, they should be ready to be sent on an exile. They soon will be out of business once this project is up an running |
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ibininja
Member
Offline
Activity: 490
Merit: 10
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May 27, 2018, 05:07:46 AM |
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Base on what I've read, it looks like its getting hyped already. But to be fair its really a good concept here. How much HoneyNet do we need to run nodes? Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. It only need to hit the softcap for the project to move forward. If I am an investor, I'd be sending my ETH before 4% bonus again will be deducted. When they say they'd be releasing hardware solutions, what sorts of product are these? The hardware solution is the Stingminer, a raspberryPi, everything preset, you just have to plug it in. This is the honey pot that hackers want to attract. If someone falls into the trap and attacks the Stingminer, he is immediately recognized as a hacker and automatically reported to the Bitfence network. Once recognized, he can no longer do any damage You get paid for uptime as well as hacker 'fingerprints' as well, so should pay to have such a liteweight device There is another revenue stream for bitfence and is the hardware part where you get to buy various hardware pre configured with the stingminer; the ones that would make the better use would be enterprises. |
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Ace44
Member
Offline
Activity: 672
Merit: 11
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May 27, 2018, 07:13:41 AM |
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Base on what I've read, it looks like its getting hyped already. But to be fair its really a good concept here. How much HoneyNet do we need to run nodes? Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. It only need to hit the softcap for the project to move forward. If I am an investor, I'd be sending my ETH before 4% bonus again will be deducted. When they say they'd be releasing hardware solutions, what sorts of product are these? The hardware solution is the Stingminer, a raspberryPi, everything preset, you just have to plug it in. This is the honey pot that hackers want to attract. If someone falls into the trap and attacks the Stingminer, he is immediately recognized as a hacker and automatically reported to the Bitfence network. Once recognized, he can no longer do any damage Thanks for the succinct explanation on that and looking at the above explanation, it tells us that the hardware will be another source of revenue generation for the bitfence project, the softcap is just all they require to stay on the game, hopefully we'll see that happen soon with the partnership and positive ratings coming in |
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jamzzz123
Member
Offline
Activity: 350
Merit: 16
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May 27, 2018, 08:33:35 AM |
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Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap. Agreed the projects got solid momentum lately and has been getting some solid reviews and buzz so I’m hoping that they will reach their caps to pull forward and be able to bring ththe concept to market fully Once they hit 2000 ETH, I believe that Stage 2 of the ICO starts, I saw it mentioned in their Telegram channel. Oh oke so the stage will get extended now for 100%. Well after Stage 1 they will get their softcap. So no complaining from me ! Exactly, so good to see a project with a relatively low soft cap so the project will go ahead regardless of hardcap! Nice to see, I have high hopes in BitFence |
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