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[MinedBlock_Paul]

Lowering the softcap is of less risk for an investor because of it's lower value to create a POC. And for us it means we can start delivering and creating what will be the industry's biggest and most transparent unicorn!

We're bored off talking about the potential of this project and want to start showing our community we can build it! Which in turn will bring further investment to grow the farm, or we keep it closed with only serious investors and utilise our own aggressive growth strategy without any help.


Mark my words, that if your following this thread, come back in twelve months, to see what you missed out on!

It's definitely much easier to raise money when you have a working product already. So the main goal should be now to raise these $500k and then set up you mining operation. Iirc you already planned to have another sale, later on, right?

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

[ctrades31]

Lowering the softcap is of less risk for an investor because of it's lower value to create a POC. And for us it means we can start delivering and creating what will be the industry's biggest and most transparent unicorn!

We're bored off talking about the potential of this project and want to start showing our community we can build it! Which in turn will bring further investment to grow the farm, or we keep it closed with only serious investors and utilise our own aggressive growth strategy without any help.


Mark my words, that if your following this thread, come back in twelve months, to see what you missed out on!

It's definitely much easier to raise money when you have a working product already. So the main goal should be now to raise these $500k and then set up you mining operation. Iirc you already planned to have another sale, later on, right?

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

What kind of round you are thinking to fill up this places? I mean ant contest with purchase or discounts or bonuses you will offer?

[ganeshramk]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

[Zurcermozz]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

Same, I am still looking for new information about this , do you have a new strategy or map how the will it run after what happened in DCOIN ?

[rafi035]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

They will do the IEO in Dcoin so this is different from STO, it would be better to sell IEO compared to STO / ICO.

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

Same, I am still looking for new information about this , do you have a new strategy or map how the will it run after what happened in DCOIN ?

[Sozialtourist]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

Same, I am still looking for new information about this , do you have a new strategy or map how the will it run after what happened in DCOIN ?

Well, they only lowered the softcap. They still have their security token offering where they sell MBTX that runs until the end of August. Not sure what the current plans are with ther MBTU sale. I think they are in contact with other exchanges for another IEO.

[Nathan01]

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

This article right here got me really interested in the project yet again. The faith and the clear explanation for their future roadmap and what they intend doing despite not reaching their original targets is quite inspiring

[ganeshramk]

Well, they only lowered the softcap. They still have their security token offering where they sell MBTX that runs until the end of August. Not sure what the current plans are with ther MBTU sale. I think they are in contact with other exchanges for another IEO.

I am hoping to see good updates from the team. Lets hope that they will close the token sales soon and move ahead with their project.

[MinedBlock_Paul]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

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 

[ethtrader16]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

Same, I am still looking for new information about this , do you have a new strategy or map how the will it run after what happened in DCOIN ?

I didn't get that exactly what round they will arrange to fill this place. Hope so they will clarify  soon about it.

[MinedBlock_Paul]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

Same, I am still looking for new information about this , do you have a new strategy or map how the will it run after what happened in DCOIN ?

I didn't get that exactly what round they will arrange to fill this place. Hope so they will clarify  soon about it.

When it’s all confirmed we will announce the replacement exchange

[Nathan01]

I think going for a new exchange is very good. The team should take their time reaching good exchange with good record this time not some unknown exchange.

Who says Mineblock can't go for top exchange like Bittrex or Poliniex?

[Sozialtourist]

I think going for a new exchange is very good. The team should take their time reaching good exchange with good record this time not some unknown exchange.

Who says Mineblock can't go for top exchange like Bittrex or Poliniex?

Even though I am not 100% sure, I guess these top exchanges are probably gonna charge a lot for their services and are also very picky about which projects they support. But if Minedblock would manage to get their IEO on any of "the big one" I am sure, reaching the softcap should be no problem.

[ganeshramk]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

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 

Thanks for sharing this information and clarification. Service sector is always growing exponentially. Good trigger is essential. That could very well be crypto bill run.

[Nathan01]

I think going for a new exchange is very good. The team should take their time reaching good exchange with good record this time not some unknown exchange.

Who says Mineblock can't go for top exchange like Bittrex or Poliniex?

Even though I am not 100% sure, I guess these top exchanges are probably gonna charge a lot for their services and are also very picky about which projects they support. But if Minedblock would manage to get their IEO on any of "the big one" I am sure, reaching the softcap should be no problem.

I know for sure that these top exchanges have their own requirements to get into their own IEO system. But top of this requirement is the commission or payment to get listed in the IEO which I think might be unattractive to new and upcoming projects like Mineblock.

[Zurcermozz]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

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 

Thanks for sharing this information and clarification. Service sector is always growing exponentially. Good trigger is essential. That could very well be crypto bill run.

Thanks for updating this kind of stuff even though the project is struggling right now due to some problem issue. We hope that the team achieve what their goal is!

[Sozialtourist]

I think going for a new exchange is very good. The team should take their time reaching good exchange with good record this time not some unknown exchange.

Who says Mineblock can't go for top exchange like Bittrex or Poliniex?

Even though I am not 100% sure, I guess these top exchanges are probably gonna charge a lot for their services and are also very picky about which projects they support. But if Minedblock would manage to get their IEO on any of "the big one" I am sure, reaching the softcap should be no problem.

I know for sure that these top exchanges have their own requirements to get into their own IEO system. But top of this requirement is the commission or payment to get listed in the IEO which I think might be unattractive to new and upcoming projects like Mineblock.

Yeah, to afford these fees, they'd probably already need a good amount of money before the sale even starts. So that's not gonna work but you don't need to be on a top exchange for a successful IEO. There are smaller exchanges that work fine, too. It's just bad luck that DCoin turned out to be so unreliable.

[ganeshramk]

Yeah, to afford these fees, they'd probably already need a good amount of money before the sale even starts. So that's not gonna work but you don't need to be on a top exchange for a successful IEO. There are smaller exchanges that work fine, too. It's just bad luck that DCoin turned out to be so unreliable.

If DCoin is manipulating the IEO progress, then how come they are still very hot for new IEOs? Why no project has made complaint about DCoin earlier?

[Nemonemo]

It's dependant on this raise but sure we may present further rounds, we have a lot of space to fill

Are you still planning to go for STO? or IEO? Whats the present plan? I missed the latest information due to some personal work.

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 

Thanks for sharing this information and clarification. Service sector is always growing exponentially. Good trigger is essential. That could very well be crypto bill run.

Thanks for updating this kind of stuff even though the project is struggling right now due to some problem issue. We hope that the team achieve what their goal is!

Right the most important thing now is let's continue to support the team from behind and hopefully the problem can be resolved soon, I'm sure the team will do something

[MinedBlock_Paul]

We are there or there abouts with the announcement of the replacement IEO after the abysmal fiasco with Dcoin. We will be announcing either this evening or tomorrow morning (once we get the nod) from the exchange that an announcement can be made!