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[Anilbg]

The issue is that the project is taking too long to raise funds. Extending till August means that it would be taking the project over one year to raise funds which we aren't sure of raising due to the dissatisfaction of the community. I'm afraid that it will take grace of God for the project to raise its softcap considering the level of support it has from the community today.

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

When the market is not stable, this is a big problem. We dont have other choice as explained above. Team is doing right job at this moment and trying to make things working. Lets just give thumbs up to the team and hopefully they achieve their targets.

Yes, we need to be supportive of the team and encourage them to achieve the best possible outcomes. The nature of the project is unique and would be of immense benefit to investors. The situation of things may not be very attractive, but it's possible for our softcap to be achieved.

We should Stop judging project based on number of days ICO or ICO running. Rather need to focus on project work. I agree delay with completing ICO will be problem for investors. But sooner or later they will be receiving the benefits.

[1714879635]

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[1714879635]

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[chan001]

The issue is that the project is taking too long to raise funds. Extending till August means that it would be taking the project over one year to raise funds which we aren't sure of raising due to the dissatisfaction of the community. I'm afraid that it will take grace of God for the project to raise its softcap considering the level of support it has from the community today.

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

When the market is not stable, this is a big problem. We dont have other choice as explained above. Team is doing right job at this moment and trying to make things working. Lets just give thumbs up to the team and hopefully they achieve their targets.

Yes, we need to be supportive of the team and encourage them to achieve the best possible outcomes. The nature of the project is unique and would be of immense benefit to investors. The situation of things may not be very attractive, but it's possible for our softcap to be achieved.

We should Stop judging project based on number of days ICO or ICO running. Rather need to focus on project work. I agree delay with completing ICO will be problem for investors. But sooner or later they will be receiving the benefits.

As I heard minedblock team reaching out to investors via email. Do they know the progress or latest information about IEO or what team trying to do now.

[ningrum]

The issue is that the project is taking too long to raise funds. Extending till August means that it would be taking the project over one year to raise funds which we aren't sure of raising due to the dissatisfaction of the community. I'm afraid that it will take grace of God for the project to raise its softcap considering the level of support it has from the community today.

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

When the market is not stable, this is a big problem. We dont have other choice as explained above. Team is doing right job at this moment and trying to make things working. Lets just give thumbs up to the team and hopefully they achieve their targets.

Yes, we need to be supportive of the team and encourage them to achieve the best possible outcomes. The nature of the project is unique and would be of immense benefit to investors. The situation of things may not be very attractive, but it's possible for our softcap to be achieved.

We should Stop judging project based on number of days ICO or ICO running. Rather need to focus on project work. I agree delay with completing ICO will be problem for investors. But sooner or later they will be receiving the benefits.

As I heard minedblock team reaching out to investors via email. Do they know the progress or latest information about IEO or what team trying to do now.

If I talk about it, I also don't know so I suggest that you better ask the investor directly, but if I think they seem to know about the latest news about IEO

[em777]

We should Stop judging project based on number of days ICO or ICO running. Rather need to focus on project work. I agree delay with completing ICO will be problem for investors. But sooner or later they will be receiving the benefits.

yeah, i totally agree with you judging project based on their ICO days is truly not a wise thing to do i believe we have to consider the team and the project they are trying to execute

[Nathan01]

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

I think right now there is need for more patience for the team. Lets see what news and information they will come up with. I still believe they have a lot to do in the blockchain. I am going long term on them.

[chan001]

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

I think right now there is need for more patience for the team. Lets see what news and information they will come up with. I still believe they have a lot to do in the blockchain. I am going long term on them.

People will come up with all sorts of options. But minedblock team will be taking best decision for this project. For now just wait and watch.

[ganeshramk]

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

I think right now there is need for more patience for the team. Lets see what news and information they will come up with. I still believe they have a lot to do in the blockchain. I am going long term on them.

People will come up with all sorts of options. But minedblock team will be taking best decision for this project. For now just wait and watch.

Did they post details about what happened with Dcoin? This information would be helpful for many forthcoming projects.

[Sozialtourist]

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

I think right now there is need for more patience for the team. Lets see what news and information they will come up with. I still believe they have a lot to do in the blockchain. I am going long term on them.

People will come up with all sorts of options. But minedblock team will be taking best decision for this project. For now just wait and watch.

Did they post details about what happened with Dcoin? This information would be helpful for many forthcoming projects.

Not sure what the current status of the DCoin IEO is but if DCoin is really faking IEO progress, someone should post a warning for all the other projects out their that consider hosting their IEO there.

[CrypticBabe]

Anyone has any update on what happening  with this Project, i kinda lost track of their social channels so missed plenty of project updates. I believe the ico going  well?

[Nathan01]

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

I think right now there is need for more patience for the team. Lets see what news and information they will come up with. I still believe they have a lot to do in the blockchain. I am going long term on them.

People will come up with all sorts of options. But minedblock team will be taking best decision for this project. For now just wait and watch.

Did they post details about what happened with Dcoin? This information would be helpful for many forthcoming projects.

Yes I thought they did when Paul announced that the correct token sold wasn't uploaded and DDcoin made little to no sales why they lied about the sales progress.

[Anilbg]

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

I think right now there is need for more patience for the team. Lets see what news and information they will come up with. I still believe they have a lot to do in the blockchain. I am going long term on them.

People will come up with all sorts of options. But minedblock team will be taking best decision for this project. For now just wait and watch.

Did they post details about what happened with Dcoin? This information would be helpful for many forthcoming projects.

Yes I thought they did when Paul announced that the correct token sold wasn't uploaded and DDcoin made little to no sales why they lied about the sales progress.

Where is Paul's announcement?  Did he really said little to no sale?  Does this means very few or negligible tokens got sold?

[Lizcrypto]

hey they have tweeted saying that they have come up with latest medium for team to refer..check this out. https://twitter.com/mined_block/status/1137812365318262784?s=21

[Sozialtourist]

hey they have tweeted saying that they have come up with latest medium for team to refer..check this out. https://twitter.com/mined_block/status/1137812365318262784?s=21

I see that they decided to scale their business plan down a bit and also lowered their softcap. Probably a good idea. In the end they can still extend their business once all the mining equipment is running.

[Lizcrypto]

hey they have tweeted saying that they have come up with latest medium for team to refer..check this out. https://twitter.com/mined_block/status/1137812365318262784?s=21

I see that they decided to scale their business plan down a bit and also lowered their softcap. Probably a good idea. In the end they can still extend their business once all the mining equipment is running.

they have also mentioned about the reason why they were not able to hit the softcap .it is good to know that mined block is maintaining transparency and working hard to get this project done well.

[ethtrader16]

I know what you mean but what is the alternative? Stopp everything right now, refund previous investors and abandon the project? That would make no sense in my opinion. Especially when it true that there are several private investors interesting in the project.

I think right now there is need for more patience for the team. Lets see what news and information they will come up with. I still believe they have a lot to do in the blockchain. I am going long term on them.

People will come up with all sorts of options. But minedblock team will be taking best decision for this project. For now just wait and watch.

Did they post details about what happened with Dcoin? This information would be helpful for many forthcoming projects.

Not sure what the current status of the DCoin IEO is but if DCoin is really faking IEO progress, someone should post a warning for all the other projects out their that consider hosting their IEO there.

Seems to be I cannot see the proper progress of IEO. It's seems to be showing old date and status.

https://www.dcoin.com/ieo/MBTU_15

[Zurcermozz]

hey they have tweeted saying that they have come up with latest medium for team to refer..check this out. https://twitter.com/mined_block/status/1137812365318262784?s=21

I see that they decided to scale their business plan down a bit and also lowered their softcap. Probably a good idea. In the end they can still extend their business once all the mining equipment is running.

they have also mentioned about the reason why they were not able to hit the softcap .it is good to know that mined block is maintaining transparency and working hard to get this project done well.

Yes, right now there are lot of questions needed an answer, many people are now thinking on this project because they weren't able to hit the softcap, the team must focus on updating and giving a solution to this problem, Team needs to work hard and supporters need to support it further.

[ganeshramk]

Anyone has any update on what happening  with this Project, i kinda lost track of their social channels so missed plenty of project updates. I believe the ico going  well?

We all are waiting for the official information from the team about what is going to be their next step.

[Sozialtourist]

hey they have tweeted saying that they have come up with latest medium for team to refer..check this out. https://twitter.com/mined_block/status/1137812365318262784?s=21

I see that they decided to scale their business plan down a bit and also lowered their softcap. Probably a good idea. In the end they can still extend their business once all the mining equipment is running.

they have also mentioned about the reason why they were not able to hit the softcap .it is good to know that mined block is maintaining transparency and working hard to get this project done well.

Yes, right now there are lot of questions needed an answer, many people are now thinking on this project because they weren't able to hit the softcap, the team must focus on updating and giving a solution to this problem, Team needs to work hard and supporters need to support it further.

Well, they are really communicative and open when it comes to the status of their token sale and don't pretend like they raised millions while that's not the case. That's definitely something where they are ahead of other projects.

[Anilbg]

hey they have tweeted saying that they have come up with latest medium for team to refer..check this out. https://twitter.com/mined_block/status/1137812365318262784?s=21

I see that they decided to scale their business plan down a bit and also lowered their softcap. Probably a good idea. In the end they can still extend their business once all the mining equipment is running.

they have also mentioned about the reason why they were not able to hit the softcap .it is good to know that mined block is maintaining transparency and working hard to get this project done well.

Yes, right now there are lot of questions needed an answer, many people are now thinking on this project because they weren't able to hit the softcap, the team must focus on updating and giving a solution to this problem, Team needs to work hard and supporters need to support it further.

Well, they are really communicative and open when it comes to the status of their token sale and don't pretend like they raised millions while that's not the case. That's definitely something where they are ahead of other projects.

Right. But it's almost a week since we heard from minedblock team. We should receive some updates from the team now.

[MinedBlock_Paul]

Hello Everyone

Please accept my sincere apologies for my delayed return!


So... where are we??

The token sale had ended on May 31st 2019 for both MBTU & MBTX. The Softcap had not been reached.

Here's why we think our softcap hasn't yet been reached.

• We started the token sale in a bear market ,  mining wasn’t as profitable as it could have been and I believe this put people off. We are also knocking down walls and rebuilding them after many fakes/scammers had "ripped off" investors with false hopes or delivery of their roadmaps/Business plans.
• Security Tokens are unproven — Whilst they are far simpler to manage in a compliant manner they are relatively unknown, the exchange and secondary market wasn’t established yet and they require KYC. As a company we want to eliminate and legal risk factors and we believed that investors wanted security in the market.
• As we have bootstrapped the majority of this project the compliancy costs absorbed the majority of our funds so our marketing isn't at the same level as established projects undergoing an additional funding round
• DCoin’s team had faked the progress from the start of the IEO, adjusted the sold progress bar, despite asking them not to, and decided it was best to end the sale with the appearance of 98% having sold out. The progress of the projects sales were faked and only a mere $183.50 was actually raised. Due to the lack of trust in this exchange and the lack of sales; we cancelled the listing of MBTX & MBTU on here.
• There are many open conversations with institutional investors but we are yet to secure investment. We have been to several countries to meet with these investors but it seems that some were (IMO) trying to scam us??
• There have already been a lot of mining projects that have disappeared or closed their doors due to poor management or bad planning — we thought starting in a ‘bear’ market was a better idea, it allows us to structure the business around lower returns rather than becoming unsustainable. We may not have a new innovative product but we do have innovative business model to deliver an existing service to the market with greater sustainability, earning a passive income during a "bear market" and reaping even greater rewards when the markets go green, after all innovation is crucial to the continuing success of any organization

We have a fundamentally great opportunity here we just need to raise the funding to prove it and for that, we need a little more time.

To deliver on this we are extending our fundraising round until August 31st 2019. There are some further changes in which I will detail further;


MBTX Security Token
  
Our Softcap target has also been lowered from $1,000,000 to $500,000 — this gives us a smaller target to aim for to get the project operational.


MBTU Utility Token
    
The Initial Exchange Offering that we ran with DCoin was a setback, the results didn’t match what was advertised and it was, to be honest, a complete flop but we move on from that, we learnt a valuable lesson and won’t get caught out again.
We are talking to a number of bigger exchanges, ones with more established success with running IEOs, so we can re-launch this. Realistically, this could be in the next couple of weeks, or it may take longer but we will keep the community apprised of all developments in this.



The security token market is evolving, more exchanges are being opened and there is a lot more competition in the ‘issuance’ platform space, we are just an early adopter of this technology. We still fully believe in what Polymath are building and their platform is being developed constantly. Once we’re operational, sharing profits (or dividends) between token holders will be as simple as pushing a few buttons which is great and will allow us to eventually automate the process and further reduce costs of delivery. Lower cost means higher profits and therefore more back to investors pockets.

We are 110% committed to delivering this project in the right way and are fully focussed on the end goal. Hopefully, it means you will all keep supporting our project while we continue what we started 12 months ago, 18 months actually since we started thinking about it.

The response from all of our current investors, whom have been contacted, is that we have their full support to move forward in a timely manner.

So there we have it, we would like to thank our community for their continued support and patience. Together we will grow MinedBlock into a leading service in this industry.

#TeamMinedBlock