Topic: [ANN] Λ (APX) APX Ventures | Ubiq-Secured | Crowdfund + Escrow via Bittrex ✔ | - page 6. (Read 39604 times)

Hello everyone, first let me introduce myself. My name is Richard and I will be assisting the team with physically running the mining aspect of APX. Ace has asked me to give you an update on the mining operations side. For those of you that are unaware, I own the Misty Mountain Mining farm that APX will be purchasing a small stake in initially. To address some concerns about mining ROI that I have seen, I can confirm that I actually achieved this goal last year mining Ethereum. Mining Zcash and Zclassic since their respective launches has also bought me double ROI and everything in between has been bunce. In addition, we expect to ROI within such a fast time (3 months) because of the good deals we have managed to negotiate for the equipment and our strategic mining selection together with the expertise of myself, Ace and notsofast. To conclude, whilst the goal is lofty it is more than achievable and we like a challenge.

However, there is a bigger model here than focusing on just ROI and drip feed future income alone. In the current system within Crypto and as we see in bitcoin, miners and users do not work in the best interests of one another but they share the usage of the same network. Miners can hold the network to ransom and the users end up counter attacking and it generally ends up being not healthy or beneficial to the system. We need to look no further than Bitmain and Core/Charlie Lee for BTC and LTC respectively.

Now what about another system, whereby the miners work for the users. More specifically, the users 'own' the miners and the miners work to provide new minted cryptographic assets that will be paid back to the users (APX holders).

For example, Misty Mountain offers a smart contract whereby an APX owner and only an APX owner can rent hash in BTC to mine a coin like Zcash for a set period e.g: 24 hours. For this, an APX holder would pay an amount of 0.095 BTC into the smart contract and receive 0.10 BTC worth of Zcash after the 24 hour period (effectively a 5% discount).

The miner is partially owned by the APX, he doesn't mind taking a 5% hit on his margins, especially if the machines have already paid off the initial investment. He also has the guarantee that his fixed costs for those 24 hours are going to be paid by the APX holder which mitigates his risk significantly. APX holders then get a 5% bump on their mining proceeds for the day which will effectively create a yield which would only come from owning APX tokens.

This is a new principle that is not seen elsewhere in Crypto (even holding physical gold comes at the cost of storage and zero yield) and the system only works if the miners and the coin are run by the same group of people. Rather than minting new coins like a Proof of Stake system and creating market sell pressure, effectively the value will come from other coins. A variant of a Robin Hood inspired system, take from them and give to us. Combine this with a deflationary model and you have an asset whereby the supply decreases and you also have the ability to attain a yield through discounted mining smart contracts.

The journey ahead will not be easy, there will be setbacks and trying times but we intend to weather the storm. Our first goal is to confirm that our ROI estimates are indeed realistic and this will serve as a testing period. Pending successful results we will scale the mining operation accordingly by increasing the hashing power proportional to the number to APX users before we expand the offering. This theory is not a done deal, we have hurdles to jump over first but if all goes well this is the big vision for the mining operation side of APX.

Today I am unpacking and assembling a 5 x RX 470 mining rig as a test machine to run performance and energy consumption numbers on multiple coins. Next week I will post my results and a few pictures too as we near the ICO launch date for APX. Questions are welcome and I suggest joining the APX telegram where you can chat to the team directly.

- Richard


Link to Official Telegram for APX Ventures

Thank you for your support.
As he mentioned, if anyone is genuinely interested in this project please join our telegram or slack!
They have been very active and we've already had plenty of great discussions.

Join telegram it is 218 members strong now .

1 million supply , we got some great fundamentals on this coin .

Russian translation for APX Ventures is complete

Few more posts  and I will have my own ICO too !!!   

You are asking what if the dev takes money, what if they don't do anything?
These are all based on the assumption that the dev will take money and won't do anything.
What if the dev does what the OP actually says?
If you are doubtful, then keep yourself updated on this project and see what happens or join the slack/telegram like every other person who is genuinely interested in the project.

This is not assumption , we are talking here about a possible cap of 1500 btc, more like ask bank for loan of $1,500,000 but at your own rules. 

This is assuming that the developer is intending on scamming which is not the case. You may fail to see what this project is about but Ace has already met with notsofast to discuss APX Ventures.
Notsofast agreed to be a part of this project because he clearly understands what this project is about.
The biggest flaw in your logic is that it is based on the assumption that this is a scam. This assumption is incorrect.
If you are truly interested and wish to find out more, please join our telegram or slack room. They are much more active and there have  been several great discussions already.

From OP : EACH TOKEN DO NOT REPRESENT EQUITY OR RIGHTS TO OR IN APX VENTURES IN ANY WAY.......BY PARTICIPATING IN THE CROWD FUND YOU ARE WAIVING ALL RIGHTS TO PURSUING ANY FORM OF LEGAL AGAINST APX VENTURES IN THE FUTURE.


HAT OFF, Investors will not have any rights to claim their money back at any cases after DEV put his hands on ICO funds, so lets say DEV took money and refuse to do anything, what investors can do?! NOTHING.
ICO rules well defined to protect DEV, Shady ICO , many red flags , Weird to see notsofast involved himself in such ICO.

You have resorted to name calling and accusations that have no real basis. All your points have been clearly refuted.
Anyways, its clear that you aren't interested in a productive discussion so I'll waste no more time on you.

You are such a loser trying to justify your garbage scam shit. I still don't know if you are just dumb or part of the scammer crew

You must not be familiar with the concept of trading. If you only choose to trade markets that you morally agree with in every aspect, that's your decision. Ace saw a good play on TRON, took it, and managed to profit.
Ace recommended TRON before it was even 10,000 sat. One day later it reached 50,000 sat and even made ATH of 100,000 sat.

Here is proof: https://twitter.com/AceOfWallStreet/status/586974721117257728
https://twitter.com/AceOfWallStreet/status/586981342895718402

You may not have but other people managed to profit 500%-1000%. This is also a fact.
Your point is still completely not valid. Ace has met with notsofast in person and discussed his involvement. If you think notsofast is involved simply to 'get more money' you just fail to see the bigger picture.
Notsofast isn't valuable because of his name, it's his insight and character that are of true value.

The reason I point out TRON is because you were recommending it. No I did not buy TRON (im not dumb), no you never made a good call on TRON. admit you made a big mistake and move on. You literally recommended to buy a scam coin that never pumped. It was a straight up scam I can't believe you would even try to justify buying that scam. that's just a fact bro

My point is valid that you used notsofast you get his name on the project and to get yourself more ICO funds.

You fail to mention that Ace recommended TRON well before it started pumping, if you waited to buy it until after it pumped, that's your fault. You sound like someone who either bought the top or held from bottom to top and still held when it went back down.
Secondly, given the nature of crypto, there are very few long-term holds. Ace never recommended TRON as a long term play whereas some coins Ace has clearly recommended as a long term play (BTC, ETH, ETC, ZEC, etc). Also you fail to account for your lack of risk management and a trading strategy. If you are simply buying and selling strictly based on Twitter, that is your fault.
Lastly, what about all the other calls Ace has made? You fail to mention the coins that have gone up by 100x, 40x, 10x that Ace also recommended. Why are you only pointing out TRON?

https://twitter.com/AceOfWallStreet/status/549251029871898624
https://twitter.com/AceOfWallStreet/status/767829570183688192
https://twitter.com/AceOfWallStreet/status/847797212117643264

Regarding notsofast's involvement with APX Ventures. He is clearly listed as a mining adviser. His name would have been on this project with or without his assistance in creating the OP so your point is invalid.

I find it weird notsofost is part of this project. Normally he's a good guy   imo you got played here buddy. Agreed to post to OP because "new accounts can't post images", although it was surely to get notsofast's name on the project 

this Ace fellow was recommending everybody buy TRON even though it was made by a scam developer (I think his name was cryptowest). Ace was aware this guy had made tons of scam coins but did not care. The point is either 1) Ace was really dumb, or more likely 2) Ace was in on the scam

either way I strongly recommend DO NOT TRUST YOUR MONEY WITH THIS GUY

Please  read the thread at least once before asking such questions.
Notsofast is a mining adviser to APX Ventures and kindly agreed to do the OP as a result of image restrictions for new accounts.

Hi notsofast，Are you the dev of this project?

I've lost on plenty of ICOs and profited on plenty as well. It's part of how I do things. I dip my toes into many pools with an acceptable amount of risk in each.

I'm not bipolar, I'm just OK with being wrong a lot as it also exposes me to the times I'm profitably right.

There has been questions regarding actual use of $APX.
The APX Team will be working to continuously provide $APX with various use-cases.
Our first project, which is the Crypto Review platform, will accept BTC and APX for access to any premium features.
Any other projects funded by APX Ventures will also integrate $APX usage in a similar fashion. There will most likely be a slight discount if paying with $APX to incentivize users to pay with $APX.
This is further down the line but another use case for $APX is that we will be exclusively accepting $APX for discounted rental contracts for our mining farm.
These are only some of the use cases for $APX, we have several more that we will reveal in due time!

Yes we do have a site but it is currently under construction. It should be complete within the next few days.
for now apxv.org redirects to this thread but this will be changed when the site is complete.
We encourage you to join the slack or telegram room for more info!