Topic: [ANN] ERMIS (ERM) WALLET RELEASED |The Merchant Coin| Proof of Investment | - page 33. (Read 114484 times)

We've been silent lately working out more precise details which aim to allow investors a better global understanding.

There is only 10 day left remaining to be able to participate in the IPO.

This had been discussed on the earlier pages, what was this all about but i would gladly explain it again..
1.  It is very clear on that flowchart title that it is the flow of fund program of ERMIS.
2.  Why is it designed like that?
    
     a.)  rather than being driven by hype, pump and dump, the team created a plan where continuous flow of fund will be generated to support the              investors shares, and coin value stabilization, ( not just allocating funds from IPO to be put on the buy support which sooner than later will be depleted), Coin technology research, game and apps development programs.

     b.) rather than creating an IPO/ICO for technology development of a coin, we'd rather implement funding strong infrastructure and businesses  to generate funds to finance this technology research. and again continuous flow of generated income means more fund for the research and more fund for tech development means the coin will have an up to date tech specs if not an advanced one. ( often times ICO/IPO tech dev research is driven by hype, pump dump, after goal is met, development stops then when another tech is in mind of the developer, they will open another IPO/ICO event which in turn an endless IPO/ICO for the coin development and we find this unfair for investors)

     c.  cloudmining / mining is designed for the "active" investors who wants an instant activity, thus having this kind of investment will meet this kind of investors.  Allocating more percentage on buy support from this activity will attract more people to join the trading of the coins ( selling, acquiring and holding and cycle repeats) More people coming in means larger community, we are not after a larger community alone but  a happy satisfied one.  This setup. as long as it is running, will continuously produce Bitcoin to support shares, buy support and Dev and staff activity.

    d.  We are aware that cloudmining alone won't support all ERMIS programs so comes the funding of businesses like agency and workshop, (we are not putting up all at once, we will go to step by step growth since we are aware that starting different task all at once will lead us to disaster). So why those?   We choose to fund a low capital business, that needs a minimal personnel in a low cost labor country but gives higher profit like 50% to 160% return.  We choose industry that we have an instant access to its resources whenever funds comes in.

   e.  On each project , cloudmining and funding business entity, we allocate % for investors shares and buy support which we called "ERMIS Dual Shares and Buy Support program"

here is another chart for you to have a clear view of the percentage allocation of funds.


This  plan is well thought, solid and anti pump and dump scheme without disregarding ERMIS coin development.  

 

less than two week till IPO ends hope we can provide you reasons to join us before Nov. 14, 2014


can you please clarify what you mean? thanks


Note:  Sorry for the delayed response,  the team is busy on meet ups with investors and organization.  and DailyModo unit crashed and will be fixed 2 - 3 days from now.  We will update you guys whenever good news is around!  

WTF is all this?

Can you post this on github so I can develop with it?

This is a good deal!!

Last day as stated is at Nov. 14, so basically yes 2 weeks more to participate

The ipo is ending november 15 right? So we still have 2 weeks to participate?

ERMIS wants to make a difference especially on how coin value is supported. The team believe in generating continuous flow of income not just from facilitating merchant adoption but being merchant itself can give more profit. See

Facilitate merchant adoption(putting up platform for selling items and materials and have their coin be accepted): Income 0.05% to 3% per transaction

(others just let merchant adopt which means 0% profit even giving them a bounty which result in dumping later)


Being Merchant itself : produce 5% to 30% income per transaction

Not saying we aim to add more profit on that by being manufacturer of goods we aim to supply such as noodlecomb, rollers and mixers,

Sample computation:
1 whole set of made item, materials including labor and other stuff=  95.38 USD capital
and it can be sold at range of 156 USD for whole selling and 200 USD for retailing

More than 50% profit!  

This is often overlooked because this is really a hard task and only serious coin developer with skilled people around will plan this kind of approach.

Wow, this is really cool..because most of the coin that i saw and read in btc forum they have only one coin developer
But in Ermis it consist not only one coin dev.but more than one coin developer in one coin business, this might be the first time happen in cryptoworld...well this will gonna be a great business in cryptocurrency..godbless team Ermis..

waiting for update..

nice job man

PoD for ERMIS is up http://cryptoasian.com/erm-emris/

Team have been going out to meet people (supporters and investors alike) hopefully we can have a big update this following days, it's too soon to tell but i know it will be big.  Will keep you updated on this!

Ty for updating this, this is all in the process of being fully transparent.

Thanks Devvie this is great!

But i think we need to clarify something about our Indonesian Team.


From SCOFORUM.INFO : http://scforum.info/index.php/topic,9424.msg26953.html#msg26953

Hi devvie, i would like to clarify about the proposed plan of ERMIS in Indonesia,  


Two of ERMIS team, Alif and Wakhid who will assist the Indonesian Agency Project as what is stated here :


are Coinkita  CEO and CTO (a Bitcoin Educational Community Startup).  https://www.facebook.com/groups/coinkita

here is the picture of  Coinkita certification:



though it's just the cover page, feel free to ask them for more info.

their recent activity



Alif Moekti's FB profile: https://www.facebook.com/alifmoekti?fref=ts
WakhidNKCOM FB profile: https://www.facebook.com/wakhidNkcom?fref=ts

thanks Devvie 

I wrote an ICO analysis here: http://scforum.info/index.php/topic,9424.msg26953.html#msg26953

It might be of use to some...

Devvie
twitter.com/devnullius

It's all about transparency and this is why we opted for a team POD instead of a single developer POD.

Ermis with great innovation,.better not watch this only but be a apart of the project too,...the pie chart is showing how this team
Is being transparent to the community...

ERMIS Translations:


ESPAÑOL                                           by: xpansive
Bahasa Indonesia                                by erwin45
Dutch translation reserved                    by: lama82
Romanaian translation reserved              by:bluedeep
CATALA translation reseved                  by: xpansive

How is Ermis doing? so excited to see this plan take shape. Great business model!