https://wizard.oracles.org/invest?addr=0x2020b26Acc57eE8032fC6b3AB08153A987793aE2&networkID=1
Topic: [ANN] - [ICO] NurveRhino - A Token ICO that Invests in Itself (Read 366 times)
Do you have certain perimeter for a business project to be declared as worth running? Like their bep, or pp, npv, or roi?
Great question... and the answer is no
The community makes that decision, via voting, discussion and then again by the 12 person team.
We provide the tools and the back end running of the system, so the community can control as much of the process as possible.
Personally, I see many traditional online businesses changing how they operate and instead of providing the full service, including terms, conditions and policy, and instead they will just provide the platform and let consensus make the decisions and not by an individual or a small group, such is the case with Zuckerberg and how quickly policy changes came into action after he was being personally grilled by congress... It should never get that far
And how will anyone speculate about how worthy a project is to be invested or not if you don't provide such perimeters? How would a "business project" lacking such essential info of their business health and still be appealing? I can't see how investors of the projects (those you said as people who are willing to give extra funds to the pool) would want to do that if they don't have any economic perimeter to calculate their future position.
Do you honestly propose a project and state a "well, hopefully this handcraft business project can give us some profit, or at least return what you initially investing... but we are not sure how long it will be. Possibly ten years from now. Maybe twenty."
And... I'm not really sure I got what you mean by zuckerberg, care to explain more?
The worthiness of a project is based on the presenter, their stats, market history reports and so on
If you have heard of Kickstarter, then thats is what NurveRhino is basing its functioning on.
The differences are that a Token is exclusively used.
The comunity vote on who can get funding as opposed to the Kickstarter method
12 community members are asked to oversee the business, again unlike Kickstarter
I will tidy up the explanations and more informative, so more of your questions can be answered.
Do you have certain perimeter for a business project to be declared as worth running? Like their bep, or pp, npv, or roi?
Great question... and the answer is no
The community makes that decision, via voting, discussion and then again by the 12 person team.
We provide the tools and the back end running of the system, so the community can control as much of the process as possible.
Personally, I see many traditional online businesses changing how they operate and instead of providing the full service, including terms, conditions and policy, and instead they will just provide the platform and let consensus make the decisions and not by an individual or a small group, such is the case with Zuckerberg and how quickly policy changes came into action after he was being personally grilled by congress... It should never get that far
And how will anyone speculate about how worthy a project is to be invested or not if you don't provide such perimeters? How would a "business project" lacking such essential info of their business health and still be appealing? I can't see how investors of the projects (those you said as people who are willing to give extra funds to the pool) would want to do that if they don't have any economic perimeter to calculate their future position.
Do you honestly propose a project and state a "well, hopefully this handcraft business project can give us some profit, or at least return what you initially investing... but we are not sure how long it will be. Possibly ten years from now. Maybe twenty."
And... I'm not really sure I got what you mean by zuckerberg, care to explain more?
if the benefits of purchasing your tokens are just the same as if purchasing Bitcoin, and then you ask people to buy your tokens, then it must be a wrong logic and won't work
Interesting project with a lot of potential. Good luck with your ICO, team!
Awesome idea and amazing project.Hope the team and this project will be successful to fulfill hard-cap target.
True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group
Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects.
Which means, they're ready to be paid very few if the profit rather low? And how does you ensure that they would accept those low payment as compensation for their hard work?
Thats correct
If profits are low, their compensation is low
If profits are high their compensation is higher
There is first the general audience vetting, then the chairperson vetting and if the particular individual doesn't feel he/she will be adequately compensated, then they will more than likely reject the position
The platform will replace a chairperson 2 times (at this stage) and after that, the business idea is simply rejected as a "vote of no confidence"
Do you have certain perimeter for a business project to be declared as worth running? Like their bep, or pp, npv, or roi?
Great question... and the answer is no
The community makes that decision, via voting, discussion and then again by the 12 person team.
We provide the tools and the back end running of the system, so the community can control as much of the process as possible.
Personally, I see many traditional online businesses changing how they operate and instead of providing the full service, including terms, conditions and policy, and instead they will just provide the platform and let consensus make the decisions and not by an individual or a small group, such is the case with Zuckerberg and how quickly policy changes came into action after he was being personally grilled by congress... It should never get that far
True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group
Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects.
Which means, they're ready to be paid very few if the profit rather low? And how does you ensure that they would accept those low payment as compensation for their hard work?
Thats correct
If profits are low, their compensation is low
If profits are high their compensation is higher
There is first the general audience vetting, then the chairperson vetting and if the particular individual doesn't feel he/she will be adequately compensated, then they will more than likely reject the position
The platform will replace a chairperson 2 times (at this stage) and after that, the business idea is simply rejected as a "vote of no confidence"
Do you have certain perimeter for a business project to be declared as worth running? Like their bep, or pp, npv, or roi?
True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group
Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects.
Which means, they're ready to be paid very few if the profit rather low? And how does you ensure that they would accept those low payment as compensation for their hard work?
Thats correct
If profits are low, their compensation is low
If profits are high their compensation is higher
There is first the general audience vetting, then the chairperson vetting and if the particular individual doesn't feel he/she will be adequately compensated, then they will more than likely reject the position
The platform will replace a chairperson 2 times (at this stage) and after that, the business idea is simply rejected as a "vote of no confidence"
True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group
Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects.
Which means, they're ready to be paid very few if the profit rather low? And how does you ensure that they would accept those low payment as compensation for their hard work?
I've tried to learn about the concept of this project. But i've still got confused about the idea of this coins that will "invest in itself".
How is that things work?
By returning profits back from Business Projects back through exchanges and then back into the funding pool How is that things work?
so by investing in itself, does this token do not require investors and all crowdsale procedures that are used by many tokens to get a lot of initial profits? so what's the use of presale and crowdsale? isn't that a form of investment from all interested investors
I've tried to learn about the concept of this project. But i've still got confused about the idea of this coins that will "invest in itself".
How is that things work?
How is that things work?
I am impressive by your slogan : "A Token that Invests in Itself", it is very interesting,
but, when I read your annoucement, I don't understand too much about your idea, Pls help me by make more clearly about your project.
but, when I read your annoucement, I don't understand too much about your idea, Pls help me by make more clearly about your project.
Simple Explanation
A Token [RHINO] is created and sold via Crowdsale
The Token operates and trades on Exchanges as per any other coin
The Platform is the website that uses the token as a service.
Users can submit a business idea on the platform
Users then vote on the business they want to see funded
The Platform generates a list of 12 names from the Platforms member base and asks them if they would like to be ChairPersons
From the initial 2.5% reserved tokens and additional future profits that are in the Funding Pool, those 12 ChairPersons make a formal request to the platform for a FIAT funding amount.
The Platform uses available Tokens in the Funding Pool and converts it to FIAT at the best possible price (This is 1st way it invests in itself)
As the Business Project proceeds and is put together, that business is expected to make profits.
Those profits will be is FIAT
Profits are sent back to the Platform and are converted from FIAT back to RHINO Token at the best possible price (This is 2nd way it invests in itself)
A small % is kept by the platform and added back into the Funding Pool
Any user that privately funded the project (Is done on the platform) receives dividends
If the Business is voted by the community to be privately sold off, the sale is then split up and paid out as dividends to those members who invested.
As the sale as FIAT had to be converted back to RHINO at the best price, those users who only want to hold RHINO without being involved on the Platform side of the business, should see good volume and a healthy trade valuation
Mark stop scamming people. With Rimbit you took the money and ran away. This is probably the same. PEOPLE think twice before giving MARK RUNE KARLSSON your hard earned money.
BobBobert wrote:
"I was active in the old forum and passionate about Rimbit. My company had produced various items to help publicise Rimbit, including flyers, business cards etc, and I was one of the most active members on social media. We were one of only 2 or 3 companies in the world to accept Rimbit as payment for goods.
Mark Karlsson (Cyber Hippie) has referred you here with another post about CBreum (Carsten) and Byre Straits (BS).
I want to tell you why I am here on this forum and not Mark Karlsson's.
Strangely, in the last few weeks of the old forum there was a split opinion on the best way forward. Carsten, BS and most of the regulars there were in favour of what is called a burn. This is where excess Rimbits would be destroyed. I was very much against this. I was in fact the lone voice against the burn. We had friendly but heated discussions on this topic and I still believe that the burn was wrong at that time. Mark Karlsson said little but I knew he was in favour of the burn too because that was a stated original aim of Rimbit right at the very start. However he had changed his mind but not told anyone.
So why am I here? Why have I sided with the so called rogues? Why did I join a group who have as an aim to burn when I think it is wrong?
Because they had the best interests of the coin at heart and Mark Karlsson did not.
Mark Karlsson (Cyber Hippie) took at least $250,000 of our money (from IGG, from Patreon and from direct sales to large scale investors) and invested very little of it in Rimbit. There has been little or no development and promised projects - like the exchange that he promised in month 1 right at the start - never happened. All of our money has gone to his personal accounts and been wasted. Now Mark Karlsson needs to feed his family and I have no problem with that. A wage/salary is fine. But even if he was paid $1000 a month that still leaves over $200,000 unaccounted for.
Where did it go? Well we know about the nodes, they are cheap, there is the website, there was a failed exchange built, but nowhere near $200,000 has been spent. Mark Karlsson refuses to divulge details so we can only assume he has scammed us and spent it on himself and his family.
However, the idea behind Rimbit is good and could have worked if Mark Karlsson had not behaved in such a shocking manner. A few of us had independently noticed that Mark Karlsson was actually inventing characters on the forum to cause dispute! I noticed a couple myself but one of the moderators, Byre Straits, spotted all the others and brought it to everyone's attention. Byre Straits prepared a document on this which is excellent and worth a read.
Mark Karlsson then created a lot of sock puppets such as Admin, who brought the forum into disrepute several times and lamrich who I had a "fun" conversation with
Personally I was against the burn at that time and I was the only one voicing that opinion. Mark Karlsson never once backed up my argument. He preferred to act through his sock puppets (which was against forum rules!). When it all started to crumble, I asked Mark Karlsson to just come out and apologise but he refused. I saw no alternative but to side with those Mark Karlsson calls the rebels and the rogues. These people, whilst mistaken about the burn, had Rimbit's best interests at heart. Mark Karlsson did not.
Mark Karlsson then invested stories about death threats and stated that he had reported "everyone" to the police. He had not reported us and we do not believe that he had received death threats. Sadly even his claims that he has terminal cancer now look like lies. I hope he has not lied about that but it may be the case.
One of Mark Karlsson's favourite lies is that Carsten and BS are selling Rimbit back and forth to each other at rock bottom prices. This is easily disproved in several ways.
Firstly check the exchanges - there is little or no movement on rimbit. No one is buying or selling huge amounts. Secondly check their wallets - you can see that they have not been doing this.
However, I do know who has been undermining Rimbit by selling it off in huge amounts at rock bottom prices. That is Mark Karlsson himself! He is killing his own coin in his greed for cash just now. He was selling off millions of Rimbits at prices that a while back would have only bought hundreds of Rimbit.
So the money you handed over to Mark Karlsson would have bought you many more Rimbit if you had only waited until his fire sale! That is another reason why the price is so low and cannot recover.
I do not believe Rimbit can be saved. I see no reason for Carsten or BS to fix the android problem that Mark Karlsson emailed you all about. Why? It is throwing good money after bad.
Mark Karlsson has shown himself to be unfit to lead Rimbit to the great things we thought it once may become."
http://rimbit.dk/thread-168.html
ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT
Mark Rune Karlsson has a history of scam. He created Rimbit and had it sold on Indiegogo that made it kind of trustworthy. It turned out to be #scam. Read about the Rimbit #scam here: http://rimbit.dk/thread-168.html
Now Mark is in Sweden and tries to do another ICO. The likelihood that you will EVER get a return is almost ZERO. You can't trust the guy. A new thread has been started on Rimbit.dk (a forum that talked about the rimbit #scam, but now about serious investments).
http://rimbit.dk/thread-893.html
It's very likely that THIS ICO NurveRhino will be reported to the Swedish Police!!
WARNING TO ALL....do you due diligence before investing in ANY ICO.
A tip is to red "6 red flags of an ICO scam": https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/
ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT
Mark Rune Karlsson has a history of scam. He created Rimbit and had it sold on Indiegogo that made it kind of trustworthy. It turned out to be #scam. Read about the Rimbit #scam here: http://rimbit.dk/thread-168.html
Now Mark is in Sweden and tries to do another ICO. The likelihood that you will EVER get a return is almost ZERO. You can't trust the guy. A new thread has been started on Rimbit.dk (a forum that talked about the rimbit #scam, but now about serious investments).
http://rimbit.dk/thread-893.html
It's very likely that THIS ICO NurveRhino will be reported to the Swedish Police!!
WARNING TO ALL....do you due diligence before investing in ANY ICO.
A tip is to red "6 red flags of an ICO scam": https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/
ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT ALERT
True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group
Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects.
At any time, there are possibly 3 Business Projects running.
As you correctly assume, there is the very real possibility that a Business Project may fail
This is why the NurveRhino Platform does not choose which Business Projects to list, but will fund based on what the community chooses
* People can list a Business Idea
* Everyone gets to vote on the Business Idea, based on forum discussions with other members
* Each Business Idea when voted on as a Top 3 contender, then goes through a second stage, where the Platform generates 12 names from the member base, to act as Chairpersons and they further discuss the project
* If the final verdict from the 12 Chairpersons is to approve the project, then it is funded by the Platform and also opens up to the member base for additional funding.
* If the Business fails, it is recognized as doing so quickly and immediately terminated.
* NurveRhino suffers any loss from its funding and so do any members who also submitted additional funding.
The effect on Exchanges should be very minimal, if any, since nothing will be traded, except recouping any losses, which will of course be Exchanged at the optimal rate, albeit a smaller amount that would have been expected and incidentally may have a positive valuation on the Token
In short, the loss will be accounted to your own funding pool as well as another pool that's built from people who are willing to invest more on the said project?
I'd like to know more about the mechanism of this project themselves. So, many people submit their ideas for projects, which will be voted by community best 3 ideas that has the best possibility, then your system will randomly generate 12 names that's earlier volunteering to help the projects to be the chairmen of this project.... And what factors would determine those chairmen are suitable for the project? They are chosen randomly, so there's a significant possibility that a medical student that's happen to have interest on your token (and thus, volunteering) and has never meet any woodsaw or sandpaper at all in his whole life is chosen to be a chairman of a woodcrafting project. Or, a qualified expert stockbroker who recently burn his house because he tried to microwave his leftover pizza, is chosen to be a chairman for healthy culinary project. I really like to hear his advises regarding foods.
Essentially the Answer is Yes...
12 people in a court of law can decide a person fate with little knowledge of legal procedures
I think the days of pidgeon holing are slowly evaporting and acquired knowledge is becoming more important.
I am not a racing car driver, but I have been driving a car for many years.
My wife is not a chef, buy she can cook better meals that whats served at high priced restaurants
I find devs that are self taught, more able to solve problems than trained ones.
Soccer players becoming chefs... and good ones at that
I think some techies ended up building cars and also launching Rockets into space...
A lot of content is discussed in a forum prior to the 3 Business ideas being finalized...
It doesnt take 11 people to know that 1 person might be out of their depth and there are contingencies for that, so that person can be replaced.
And it just might be the woodworker who comes up with great ideas to an industry he/she knows little about and can be instrumental in making the business prosper
We decided on the Randomness of the Chairs, to avoid as much manipulation as possible.
True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
At any time, there are possibly 3 Business Projects running.
As you correctly assume, there is the very real possibility that a Business Project may fail
This is why the NurveRhino Platform does not choose which Business Projects to list, but will fund based on what the community chooses
* People can list a Business Idea
* Everyone gets to vote on the Business Idea, based on forum discussions with other members
* Each Business Idea when voted on as a Top 3 contender, then goes through a second stage, where the Platform generates 12 names from the member base, to act as Chairpersons and they further discuss the project
* If the final verdict from the 12 Chairpersons is to approve the project, then it is funded by the Platform and also opens up to the member base for additional funding.
* If the Business fails, it is recognized as doing so quickly and immediately terminated.
* NurveRhino suffers any loss from its funding and so do any members who also submitted additional funding.
The effect on Exchanges should be very minimal, if any, since nothing will be traded, except recouping any losses, which will of course be Exchanged at the optimal rate, albeit a smaller amount that would have been expected and incidentally may have a positive valuation on the Token
In short, the loss will be accounted to your own funding pool as well as another pool that's built from people who are willing to invest more on the said project?
I'd like to know more about the mechanism of this project themselves. So, many people submit their ideas for projects, which will be voted by community best 3 ideas that has the best possibility, then your system will randomly generate 12 names that's earlier volunteering to help the projects to be the chairmen of this project.... And what factors would determine those chairmen are suitable for the project? They are chosen randomly, so there's a significant possibility that a medical student that's happen to have interest on your token (and thus, volunteering) and has never meet any woodsaw or sandpaper at all in his whole life is chosen to be a chairman of a woodcrafting project. Or, a qualified expert stockbroker who recently burn his house because he tried to microwave his leftover pizza, is chosen to be a chairman for healthy culinary project. I really like to hear his advises regarding foods.
Essentially the Answer is Yes...
12 people in a court of law can decide a person fate with little knowledge of legal procedures
I think the days of pidgeon holing are slowly evaporting and acquired knowledge is becoming more important.
I am not a racing car driver, but I have been driving a car for many years.
My wife is not a chef, buy she can cook better meals that whats served at high priced restaurants
I find devs that are self taught, more able to solve problems than trained ones.
Soccer players becoming chefs... and good ones at that
I think some techies ended up building cars and also launching Rockets into space...
A lot of content is discussed in a forum prior to the 3 Business ideas being finalized...
It doesnt take 11 people to know that 1 person might be out of their depth and there are contingencies for that, so that person can be replaced.
And it just might be the woodworker who comes up with great ideas to an industry he/she knows little about and can be instrumental in making the business prosper
We decided on the Randomness of the Chairs, to avoid as much manipulation as possible.
At any time, there are possibly 3 Business Projects running.
As you correctly assume, there is the very real possibility that a Business Project may fail
This is why the NurveRhino Platform does not choose which Business Projects to list, but will fund based on what the community chooses
* People can list a Business Idea
* Everyone gets to vote on the Business Idea, based on forum discussions with other members
* Each Business Idea when voted on as a Top 3 contender, then goes through a second stage, where the Platform generates 12 names from the member base, to act as Chairpersons and they further discuss the project
* If the final verdict from the 12 Chairpersons is to approve the project, then it is funded by the Platform and also opens up to the member base for additional funding.
* If the Business fails, it is recognized as doing so quickly and immediately terminated.
* NurveRhino suffers any loss from its funding and so do any members who also submitted additional funding.
The effect on Exchanges should be very minimal, if any, since nothing will be traded, except recouping any losses, which will of course be Exchanged at the optimal rate, albeit a smaller amount that would have been expected and incidentally may have a positive valuation on the Token
In short, the loss will be accounted to your own funding pool as well as another pool that's built from people who are willing to invest more on the said project?
I'd like to know more about the mechanism of this project themselves. So, many people submit their ideas for projects, which will be voted by community best 3 ideas that has the best possibility, then your system will randomly generate 12 names that's earlier volunteering to help the projects to be the chairmen of this project.... And what factors would determine those chairmen are suitable for the project? They are chosen randomly, so there's a significant possibility that a medical student that's happen to have interest on your token (and thus, volunteering) and has never meet any woodsaw or sandpaper at all in his whole life is chosen to be a chairman of a woodcrafting project. Or, a qualified expert stockbroker who recently burn his house because he tried to microwave his leftover pizza, is chosen to be a chairman for healthy culinary project. I really like to hear his advises regarding foods.
the information provided is also complete and hopefully be successful in the future. making a lot of community will make this better
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