[ANN] ERMIS (ERM) WALLET RELEASED |The Merchant Coin| Proof of Investment |

[lionheart78]

pmed DailyModo for the IPO investment.  go go go guys great project ahead!

edit: sorry guys seems i made a typo pls fix it to 0.05BTC thanks

its nice to see more people to trust and support this project.. and community become bigger and bigger  

we are expecting bigger community outside this forum since the team will be out in the street meeting people and community leaders explaining about ERMIS plans and projects

nice to know the great side of this coin.

Ermis requires this kind of campaign to gather strong connection for it to operate successfully, ERMIS goal is to be a successful merchant, supplier, manufacture and manager, where connections is really needed 

[1715284977]

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[1715284977]

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[1715284977]

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[anti-coinscammer]

Ghod day again to all ermis team,..i just notice that you have crypto miner,
What is this all about???please excuse me for asking such things like this
Its because im just a newbie in cryptoworld, that's why im asking about your project,..
Thank's..,

[lionheart78]

Ghod day again to all ermis team,..i just notice that you have crypto miner,
What is this all about???please excuse me for asking such things like this
Its because im just a newbie in cryptoworld, that's why im asking about your project,..
Thank's..,

It's ok we are glad to answer queries about the project,  we have that because we intend to be a distributor of crypto mining equipment, it will help ERMIS greatly if ERMIS will be able to acquire those miner at a distributors price then resell it at the selling price. Doing so will give ERMIS profit and will then be able to give buy support to ERMIS Coin and shares to the investors ^^, in addition ERMIS will be able to give discounts to those who purchase with ERMIS coin.

To give you an example:
let us say ERMIS has been approved by GAW Miners to be it's wholesaler;  ERMIS then will have 5% to 20% discount from the miners they are selling.  Assuming ERMIS got the Highest Discount so let us say 20% and since Hashlet is the hot talk of the town. From its 17.95 selling price ERMIS will get it at 14.36 meaning ERMIS will earn 3.59 USD per hashlet ERMIS sold. from that 3.59 USD 10% goes to investors share; and 10% goes to buy support.

Let us say ERMIS sold 500 hashlet units
That means ERMIS profit is 3.59 X 500 =1,795 usd profit

where 1,795 x10% = 179.50 will be investors profit share
and another 1,795 x 10% = 179.50 will be on buy support

30% 1,795 for tech development fund such as (coin spec enhancement research and application, wallet integrations,software applications, games and other technical stuff) = 538 usd
and the remaining goes to business enhancement and expansion

and the cycle repeats itself

note:
 this is just an example assuming that the net profit is 3.59 usd .

Here is the Pie Chart of the Business Profit allocation

[lionheart78]

To Avoid Confusion and make it clear, ERMIS have DUAL PROFIT SHARING  and DUAL BUY SUPPORT PROGRAM

[cryptobuddy]

I have some simple questions about PoI.

(1) How the share of profit will be paid to the ERM coin holder?
1.1. How many times of profit sharing per year?
1.2. Dividends In what currency? ERM, BTC or USD?
1.3. How to pay the dividends to the ERM coin holder (i.e., the payment method)

(2) After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.
P.S. Dividends should be given to coin holders, not IPO investors. If IPO investors are keeping their coins, they are still valid coin holders.

[cryptobuddy]

Two more questions

(3) Concerning escrow for IPO, why escrow with bitcoin multisig is not used?
P.S. It is more safe and protecting IPO investors using a multisig bitcoin address for payment (those btc address starting with "3").

(4) Is your company a registered company? If yes, please provide the registration information and the proof (e.g. location of registered and official registered number)
P.S. Only a registered company can do real "merchant" business.

[lionheart78]

I have some simple questions about PoI.

(1) How the share of profit will be paid to the ERM coin holder?
1.1. How many times of profit sharing per year?
1.2. Dividends In what currency? ERM or BTC?
1.3. How to pay the dividends to the ERM coin holder

(2) After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

thanks for asking this question actually we have two kinds of paying dividends for IPO investors since we have dual profit sharing program.
But let me answer first your queries

(1) How the share of profit will be paid to the ERM coin holder?

It will be paid by sending your profit sharing to your registered BTC address in our IPO Investors List (assuming the coin holder is an IPO investor)

1.1. How many times of profit sharing per year?

We have two answer for this;
For mining payout share we plan to distribute the share bimonthly (24 times per year)
And as for the Business Profit Share plan  we are to discuss whether to give it quarterly or semi annually

1.2. Dividends In what currency? ERM or BTC?

It will be paid by BTC

1.3. How to pay the dividends to the ERM coin holder

ERM coin Holder have share on the bought ERM by the Buy support program of ERMIS and they are to be distribute monthly. So basically They are paid with ERM. They dont have part on the Profit Sharing Program of ERMIS

After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.



3)

Two more questions

(3) Concerning escrow for IPO, why escrow with bitcoin multisig is not used?
P.S. It is more safe and protecting IPO investors using a payment using multisig bitcoin address (those btc address starting with "3").

(4) Is your company a registered company? If yes, please provide the registration information and the proof.
P.S. Only a registered company can do real business.

(3) Concerning escrow for IPO, why escrow with bitcoin multisig is not used?

you can pm the escrow for this, it was just given to us but am sure Dabs have a better way to secure the address

Is your company a registered company? If yes, please provide the registration information and the proof.
P.S. Only a registered company can do real business.

this has been answered several times pls refer to this post:
https://bitcointalk.org/index.php?topic=822443.msg9245420#msg9245420
https://bitcointalk.org/index.php?topic=822443.msg9250658#msg9250658

We will  register a company under ERMIS BANNER and do all this stuff under its wing and will publish the registration license and address of the company where it is

Thank you and hope i answer your question.
Note:
IPO investors and Coin Holder have different benefits

[lionheart78]

P.S. Dividends should be given to coin holders, not IPO investors. If IPO investors are keeping their coins, they are still valid coin holders.

We are giving more benefits to initial investors since all project wont start w/o them trusting us, but we do require them to hold their ERM for the Dividends is still dependent to their coin holdings. Yes they can either gain more share or lose some share or lose them all if they sell all their coins. But ERMIS will let them regain their dividends if they buy back and start holding ERM again.   

[bluedeep]

Romanian language reserved.

[lionheart78]

Romanian language reserved.

Noted and pls  pm DailyModo about this thanks

[lama82]

Dutch translation reserved!
I will post the link when it is finished.
PM send to DailyModo!

[DailyModo]

Dutch translation reserved!
I will post the link when it is finished.
PM send to DailyModo!

Noted

[cryptobuddy]

After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.

manual verification

Not possible if your altcoin becomes successful

Otherwise we will verify them thru final balance of coin on ea addresses

Seem like you are proposing some promises, but do not have a correct concept about "address" for bitcoin-based cryptocurrencies.

Your tech team better providing a solution here before doing the IPO.
 
Good luck.

[DailyModo]

After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.

manual verification

Not possible if your altcoin becomes successful

Otherwise we will verify them thru final balance of coin on ea addresses

Seem like you are proposing some promises, but do not have a correct concept about "address" for bitcoin-based cryptocurrencies.

Your tech team better providing a solution here before doing the IPO.
 
Good luck.

Actually  it will be possible to create an automated system which will simply share to every adresses on the blockchain once it grows big enough excluding the specific exchangers adresses.

For now this is not a concern.

[cryptobuddy]

After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.

manual verification

Not possible if your altcoin becomes successful

Otherwise we will verify them thru final balance of coin on ea addresses

Seem like you are proposing some promises, but do not have a correct concept about "address" for bitcoin-based cryptocurrencies.

Your tech team better providing a solution here before doing the IPO.
 
Good luck.

It would be hard to track the coins through block chain, but not big deal! A simple way to make it work is just to have people screen short their wallet, once few times a month. The share part is totally a plus of this IPO project, take shares from the income of the ERMIS business.

Obviously the team has carefully designed the plan. Having people hold coins to acquire shares will prevent dumping pretty much. I will view this is a very good sign of the project.

"screen short their wallet, once few times a month." LOL

This is really low tech .. and lot concerns on validity.... LOL

[cryptobuddy]

After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.

manual verification

Not possible if your altcoin becomes successful

Otherwise we will verify them thru final balance of coin on ea addresses

Seem like you are proposing some promises, but do not have a correct concept about "address" for bitcoin-based cryptocurrencies.

Your tech team better providing a solution here before doing the IPO.
 
Good luck.

Actually  it will be possible to create an automated system which will simply share to every adresses on the blockchain once it grows big enough excluding the specific exchangers adresses.

For now this is not a concern.

"an automated system which will simply share to every adresses on the blockchain once it grows big enough"

... Your answer really makes me worry. You really don't understand the concept of bitcoin protocol.

I am having an opposite thought. This is much more difficult (not so simple) when the blockchain grows bigger and bigger.
It is because it will require a lot of computation power to do blockchain analysis to find out the "real balance" of every single addresses when you have a blockchain of gigabytes or more..... LOL

P.S. The address balance is a wrong concept!!!!  This is a common mistake among "non-technical" bitcoin users.

This misconception always leads to the questions about "negative wallet/address balance"!!!

Copied from "en.bitcoin.it"
Users who see addresses reused may incorrectly be led to believe they function similarly to wallets or bank accounts. Often this is manifested in people talking about nonsense like "address balance", "wallet address", "from address", and similar misconceptions that don't actually exist in Bitcoin.

For details and funs, you could visit the following urls.
https://en.bitcoin.it/wiki/Address_reuse
http://www.reddit.com/r/Bitcoin/comments/20w6nj/how_is_having_a_negative_balance_on/
https://bitcointalk.org/index.php?topic=722205.0;all

[lionheart78]

After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.

manual verification

Not possible if your altcoin becomes successful

Otherwise we will verify them thru final balance of coin on ea addresses

Seem like you are proposing some promises, but do not have a correct concept about "address" for bitcoin-based cryptocurrencies.

Your tech team better providing a solution here before doing the IPO.
 
Good luck.

Actually  it will be possible to create an automated system which will simply share to every adresses on the blockchain once it grows big enough excluding the specific exchangers adresses.

For now this is not a concern.

"an automated system which will simply share to every adresses on the blockchain once it grows big enough"

... Your answer really makes me worry. You really don't understand the concept of bitcoin protocol.

I am having an opposite thought. This is much more difficult (not so simple) when the blockchain grows bigger and bigger.
It is because it will require a lot of computation power to do blockchain analysis to find out the "real balance" of every single addresses when you have a blockchain of gigabytes or more..... LOL

This is pretty much a solid concern here and i can see your point.  At this early stage we can say we overlook this problem, we might  say thanks to you for pointing this out.  We can find a way to at least avoid this problem, one thing i can see to make a precise distribution is by creating a platform where ERM investors and ERM coin holder can deposit and withdraw their coins whenever distribution is about to take place or we can arrange exchange to do this for us   if you are concern about us running people's coin like what sharecoin did.  Hope this at least answer your concern about the ERM and dividends distribution  

edit:

Otherwise we will verify them thru final balance of coin on ea addresses

Seem like you are proposing some promises, but do not have a correct concept about "address" for bitcoin-based cryptocurrencies.

Your tech team better providing a solution here before doing the IPO.

Please read carefully "address balance " is diffrent form seeing balances through "addresses"  if you are referring to that unless you wanna look it that way there's nothing i can do

[DailyModo]

After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.

manual verification

Not possible if your altcoin becomes successful

Otherwise we will verify them thru final balance of coin on ea addresses

Seem like you are proposing some promises, but do not have a correct concept about "address" for bitcoin-based cryptocurrencies.

Your tech team better providing a solution here before doing the IPO.
 
Good luck.

Actually  it will be possible to create an automated system which will simply share to every adresses on the blockchain once it grows big enough excluding the specific exchangers adresses.

For now this is not a concern.

"an automated system which will simply share to every adresses on the blockchain once it grows big enough"

... Your answer really makes me worry. You really don't understand the concept of bitcoin protocol.

I am having an opposite thought. This is much more difficult (not so simple) when the blockchain grows bigger and bigger.
It is because it will require a lot of computation power to do blockchain analysis to find out the "real balance" of every single addresses when you have a blockchain of gigabytes or more..... LOL

This is pretty much a solid concern here and i can see your point.  At this early stage we can say we overlook this problem, we might  say thanks to you for pointing this out.  We can find a way to at least avoid this problem, one thing i can see to make a precise distribution is by creating a platform where ERM investors and ERM coin holder can deposit and withdraw their coins whenever distribution is about to take place or we can arrange exchange to do this for us   if you are concern about us running people's coin like what sharecoin did.  Hope this at least answer your concern about the ERM and dividends distribution  

A platform thats what i should have referred to.

In order to receive your payouts/share for the specific payout day.

[softstorb]

The project looks pretty much solid i am gathering some btc and will invest by the end of the month

[DailyModo]

The project looks pretty much solid i am gathering some btc and will invest by the end of the month

It is and as I am writing right now we are continuously working on improving the actual plans.